Heroux Devtek Inc
TSX:HRX

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Heroux Devtek Inc
TSX:HRX
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Price: 32.48 CAD
Market Cap: 1.1B CAD

Relative Value

The Relative Value of one HRX stock under the Base Case scenario is 46.04 CAD. Compared to the current market price of 32.48 CAD, Heroux Devtek Inc is Undervalued by 29%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HRX Relative Value
Base Case
46.04 CAD
Undervaluation 29%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
73
Median 3Y
1
Median 5Y
1
Industry
4
Forward
1.5
vs History
38
vs Industry
47
Median 3Y
21
Median 5Y
20.7
Industry
33.3
Forward
20.7
vs History
14
vs Industry
32
Median 3Y
14.8
Median 5Y
8.4
Industry
22.4
vs History
0
vs Industry
11
Median 3Y
22.7
Median 5Y
19.7
Industry
29.9
vs History
3
vs Industry
60
Median 3Y
1.4
Median 5Y
1.4
Industry
3.7
vs History
3
vs Industry
68
Median 3Y
1.2
Median 5Y
1.2
Industry
4
Forward
1.7
vs History
6
vs Industry
59
Median 3Y
7.6
Median 5Y
7.3
Industry
13.5
vs History
6
vs Industry
55
Median 3Y
9.9
Median 5Y
8.6
Industry
20.8
Forward
9.6
vs History
57
vs Industry
52
Median 3Y
15.4
Median 5Y
15.1
Industry
28.1
Forward
13.1
vs History
14
vs Industry
30
Median 3Y
16.6
Median 5Y
9.6
Industry
23.1
vs History
4
vs Industry
15
Median 3Y
19.4
Median 5Y
12
Industry
32
vs History
3
vs Industry
64
Median 3Y
1
Median 5Y
1
Industry
2.7

Multiples Across Competitors

HRX Competitors Multiples
Heroux Devtek Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Heroux Devtek Inc
TSX:HRX
1.1B CAD 1.6 21 10.4 15.1
US
Raytheon Technologies Corp
NYSE:RTX
183.5B USD 2.2 39.9 20.5 34.9
US
RTX Corp
LSE:0R2N
182.2B USD 2.2 39.6 20.4 34.7
US
Boeing Co
NYSE:BA
156.7B USD 2.3 -13.4 -21.4 -17.5
NL
Airbus SE
PAR:AIR
127.4B EUR 1.8 28.8 15.9 25.7
FR
Safran SA
PAR:SAF
108B EUR 3.9 -161.9 19.5 26.4
US
Lockheed Martin Corp
NYSE:LMT
111.1B USD 1.5 20.2 14.3 17.4
UK
Rolls-Royce Holdings PLC
LSE:RR
69.5B GBP 3.7 27.6 21.1 29.1
DE
Rheinmetall AG
XETRA:RHM
79.4B EUR 7.6 105.4 42.6 55
US
TransDigm Group Inc
NYSE:TDG
80.7B USD 9.6 46.9 24 26.1
US
General Dynamics Corp
NYSE:GD
75.7B USD 1.5 19 13.8 16.2
P/E Multiple
Earnings Growth PEG
CA
Heroux Devtek Inc
TSX:HRX
Average P/E: 38.7
21
25%
0.8
US
Raytheon Technologies Corp
NYSE:RTX
39.9
28%
1.4
US
RTX Corp
LSE:0R2N
39.6
28%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -13.4 N/A N/A
NL
Airbus SE
PAR:AIR
28.8
22%
1.3
FR
Safran SA
PAR:SAF
Negative Multiple: -161.9 N/A N/A
US
Lockheed Martin Corp
NYSE:LMT
20.2
12%
1.7
UK
Rolls-Royce Holdings PLC
LSE:RR
27.6
3%
9.2
DE
Rheinmetall AG
XETRA:RHM
105.4
56%
1.9
US
TransDigm Group Inc
NYSE:TDG
46.9
24%
2
US
General Dynamics Corp
NYSE:GD
19
10%
1.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Heroux Devtek Inc
TSX:HRX
Average EV/EBITDA: 20.2
10.4
18%
0.6
US
Raytheon Technologies Corp
NYSE:RTX
20.5
17%
1.2
US
RTX Corp
LSE:0R2N
20.4
17%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -21.4 N/A N/A
NL
Airbus SE
PAR:AIR
15.9
20%
0.8
FR
Safran SA
PAR:SAF
19.5
13%
1.5
US
Lockheed Martin Corp
NYSE:LMT
14.3
10%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
21.1
12%
1.8
DE
Rheinmetall AG
XETRA:RHM
42.6
36%
1.2
US
TransDigm Group Inc
NYSE:TDG
24
13%
1.8
US
General Dynamics Corp
NYSE:GD
13.8
8%
1.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Heroux Devtek Inc
TSX:HRX
Average EV/EBIT: 28.1
15.1
26%
0.6
US
Raytheon Technologies Corp
NYSE:RTX
34.9
29%
1.2
US
RTX Corp
LSE:0R2N
34.7
29%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -17.5 N/A N/A
NL
Airbus SE
PAR:AIR
25.7
27%
1
FR
Safran SA
PAR:SAF
26.4
17%
1.6
US
Lockheed Martin Corp
NYSE:LMT
17.4
12%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
29.1
17%
1.7
DE
Rheinmetall AG
XETRA:RHM
55
42%
1.3
US
TransDigm Group Inc
NYSE:TDG
26.1
12%
2.2
US
General Dynamics Corp
NYSE:GD
16.2
9%
1.8