HEI
Heico Corporation
NYSE: HEI · INDUSTRIALS · AEROSPACE & DEFENSE
$289.77
-0.46% today
Updated 2026-06-05
Market cap
$46.31B
P/E ratio
59.22
P/S ratio
9.43x
EPS (TTM)
$5.60
Dividend yield
0.07%
52W range
$256 – $362
Volume
0.7M
Heico Corporation (HEI) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed HEI price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$289.77
Today
Analyst consensus
$358.80
+23.82% · 12M
2030 Base
$636.65
+119.71% future
NPV today
$415.48
@ 10% WACC
23 analysts:
10 Buy8 Hold0 Sell
Management guidance
HEICO management has not provided explicit 2026-2030 revenue targets in recent guidance. However, the company targets organic revenue growth in the mid-to-high single digits annually, with acquisitions expected to accelerate total growth. Recent CEO commentary emphasizes Flight Support and Electronic Technologies groups both positioned for sustained expansion driven by airline cost-cutting and U.S. defense spending increases.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
HEI · Heico Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$337.82
NPV today: $220.46
Base case (2030)
$636.65
NPV today: $415.48
Bull case (2030)
$1,383.72
NPV today: $903.02
WallStSmart.com
HEI financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $5.5B | $6.2B | $6.9B | $7.6B | $8.2B |
| Revenue growth | 16.3% | 19.2% | 12.0% | 11.5% | 10.0% | 8.7% |
| Net margin | — | 6.2% | 6.3% | 6.4% | 6.4% | 6.4% |
| EPS | $4.91 | $6.20 | $7.10 | $8.05 | $8.85 | $9.60 |
| Diluted shares | — | 55M | 55M | 55M | 55M | 55M |
| Net debt | — | $1.50B | $716.55M | $-153.32M | $-1.11B | $-2.15B |
| P/S multiple | — | 4.0x | 4.0x | 4.0x | 4.0x | 4.0x |
| Implied price (base) | — | $373.23 | $435.25 | $502.52 | $569.92 | $636.65 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $8.2B | $8.2B | $8.2B |
| P/S multiple | 2.0x | 4.0x | 9.0x |
| Diluted shares | 55M | 55M | 55M |
| Net debt | $-2.15B | $-2.15B | $-2.15B |
| Implied P/E † | 35x | 66x | 144x |
| 2030 Price | $337.82 | $636.65 | $1,383.72 |
| NPV @ 10% | $220.46 | $415.48 | $903.02 |
† Implied P/E: Multiples remain elevated across all three scenarios because HEI is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $636.65 base case
HEI catalysts and risks
Growth catalysts
+ Sustained commercial aviation recovery and aftermarket demand as airlines maintain aging fleets longer to optimize capex
+ Increased U.S. defense spending (multi-year appropriations) benefiting Electronic Technologies Group and aerospace defense content
+ Strategic M&A acceleration (Sherwood Aviation, Southwest Antennas, EthosEnergy acquisitions in 2026 signal management's capital deployment confidence)
+ NASA Artemis program expansion and deep-space electronics demand driving 3D PLUS, Exxelia, and VPT revenues
+ Hyperscaler/military unmanned systems driving RF/microwave antenna demand (Southwest Antennas integration)
Key risks
- Valuation compression risk: 57.8x P/E and 9.04x P/S are at historical highs; any growth miss triggers multiple contraction
- Organic growth deceleration: Wall Street consensus only 8.6% growth in 2027; if achieved, stock multiple may compress 15-25%
- Acquisition integration execution: rapid M&A (3+ deals in 4 months) creates execution risk and near-term margin pressure
- Commercial aviation cyclicality: aftermarket revenues are correlated to airline capital discipline and fuel cost dynamics
- Defense budget uncertainty: if U.S. defense appropriations plateau or shift away from HEICO's core (electronics, MRO), revenue headwinds emerge
Methodology · Heico Corporation 2030 stock forecast model
Heico Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-0% cumulative for HEI by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-2.15B by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 0.953) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 4.0x / bull 9.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
HEI price target FAQ
What is the HEI price target for 2030?
WallStSmart's Heico Corporation 2030 base case is $636.65 per share, with a bull case of $1,383.72 and bear case of $337.82. The NPV of the base case discounted to today at 10% WACC is $415.48.
How is the Heico Corporation 2030 stock forecast calculated?
The HEI 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the HEI price target account for dilution?
Heico Corporation is projected to grow diluted share count from 55M to 55M by 2030 (a -0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately -0%.
What is the analyst consensus on HEI stock?
23 analysts cover HEI with an average 12-month price target of $358.80. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.