Heroux Devtek Inc
TSX:HRX

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

Relative Value

The Relative Value of one HRX stock under the Base Case scenario is 45.56 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
45.56 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
21.2
vs History
0
vs Industry
11
Median 3Y
22.7
Median 5Y
19.7
Industry
28.4
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
1.3
Median 5Y
1.3
Industry
3.9
Forward
1.7
vs History
6
vs Industry
59
Median 3Y
8.5
Median 5Y
8.1
Industry
14
vs History
6
vs Industry
55
Median 3Y
9.9
Median 5Y
8.9
Industry
20.8
Forward
9.6
vs History
57
vs Industry
52
Median 3Y
16.5
Median 5Y
15.7
Industry
27.1
Forward
13.1
vs History
14
vs Industry
30
Median 3Y
19.9
Median 5Y
11
Industry
21.8
vs History
4
vs Industry
15
Median 3Y
19.4
Median 5Y
14.2
Industry
28.8
vs History
3
vs Industry
64
Median 3Y
1
Median 5Y
1.1
Industry
2.6

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
RTX Corp
LSE:0R2N
183.8B USD 2.2 40 20.6 35
US
Raytheon Technologies Corp
NYSE:RTX
183.7B USD 2.2 39.9 20.5 35
US
Boeing Co
NYSE:BA
160.8B USD 2.3 -13.8 -21.9 -17.9
NL
Airbus SE
PAR:AIR
136.2B EUR 1.9 30.7 17 27.5
FR
Safran SA
PAR:SAF
111.2B EUR 4 -167.3 20.1 27.2
US
Lockheed Martin Corp
NYSE:LMT
111.9B USD 1.6 20.3 14.4 17.5
UK
Rolls-Royce Holdings PLC
LSE:RR
76.2B GBP 4 30.3 23.2 32
DE
Rheinmetall AG
XETRA:RHM
81.9B EUR 7.8 109.1 43.9 56.7
US
TransDigm Group Inc
NYSE:TDG
81.9B USD 9.8 47.6 24.3 26.4
UK
BAE Systems PLC
LSE:BA
59.6B GBP 2.3 30.5 18.7 27.1
P/E Multiple
Earnings Growth PEG
CA
Heroux Devtek Inc
TSX:HRX
Average P/E: 41
21
25%
0.8
US
RTX Corp
LSE:0R2N
40
28%
1.4
US
Raytheon Technologies Corp
NYSE:RTX
39.9
28%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -13.8 N/A N/A
NL
Airbus SE
PAR:AIR
30.7
22%
1.4
FR
Safran SA
PAR:SAF
Negative Multiple: -167.3 N/A N/A
US
Lockheed Martin Corp
NYSE:LMT
20.3
12%
1.7
UK
Rolls-Royce Holdings PLC
LSE:RR
30.3
3%
10.1
DE
Rheinmetall AG
XETRA:RHM
109.1
56%
1.9
US
TransDigm Group Inc
NYSE:TDG
47.6
24%
2
UK
BAE Systems PLC
LSE:BA
30.5
13%
2.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Heroux Devtek Inc
TSX:HRX
Average EV/EBITDA: 21.3
10.4
18%
0.6
US
RTX Corp
LSE:0R2N
20.6
17%
1.2
US
Raytheon Technologies Corp
NYSE:RTX
20.5
17%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -21.9 N/A N/A
NL
Airbus SE
PAR:AIR
17
19%
0.9
FR
Safran SA
PAR:SAF
20.1
13%
1.5
US
Lockheed Martin Corp
NYSE:LMT
14.4
10%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
23.2
12%
1.9
DE
Rheinmetall AG
XETRA:RHM
43.9
39%
1.1
US
TransDigm Group Inc
NYSE:TDG
24.3
12%
2
UK
BAE Systems PLC
LSE:BA
18.7
11%
1.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Heroux Devtek Inc
TSX:HRX
Average EV/EBIT: 29.9
15.1
26%
0.6
US
RTX Corp
LSE:0R2N
35
29%
1.2
US
Raytheon Technologies Corp
NYSE:RTX
35
29%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -17.9 N/A N/A
NL
Airbus SE
PAR:AIR
27.5
26%
1.1
FR
Safran SA
PAR:SAF
27.2
17%
1.6
US
Lockheed Martin Corp
NYSE:LMT
17.5
12%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
32
17%
1.9
DE
Rheinmetall AG
XETRA:RHM
56.7
44%
1.3
US
TransDigm Group Inc
NYSE:TDG
26.4
12%
2.2
UK
BAE Systems PLC
LSE:BA
27.1
17%
1.6