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Heroux Devtek Inc
TSX:HRX

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Heroux Devtek Inc Logo
Heroux Devtek Inc
TSX:HRX
Watchlist
Price: 18.27 CAD -0.71% Market Closed
Updated: Mar 2, 2024

Intrinsic Value

Héroux-Devtek, Inc. engages in the design, development, manufacture and overhaul of landing gear systems and components. [ Read More ]

The intrinsic value of one HRX stock under the Base Case scenario is 24.92 CAD. Compared to the current market price of 18.27 CAD, Heroux Devtek Inc is Undervalued by 27%.

Key Points:
HRX Intrinsic Value
Base Case
24.92 CAD
Undervaluation 27%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Heroux Devtek Inc

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Fundamental Analysis

Sales Growth and Resilience Lead Q3 Performance
2024-Q3 Earnings Call

Sales Growth and Resilience Lead Q3 Performance

The company announced a robust third-quarter performance with sales reaching $164 million, marking a 16.1% increase from the previous year, and approached historic profitability with an EBITDA margin improvement to 15%, a significant 500 basis point rise year-over-year. Cash flow from operations also improved, reflecting in part the strategic inventory investments to stabilize production and support future growth. Despite challenges in supply chain pressure within the aerospace industry, the company displayed resilience and adaptability. They see positive growth momentum with continued travel demand recovery and increased aircraft orders, indicating a favorable long-term outlook for the aerospace sector. The company cautiously refrained from specific guidance, but highlighted that the challenge ahead is efficient, timely order fulfillment rather than acquiring new orders.

Financials

Balance Sheet Decomposition
Heroux Devtek Inc

Current Assets 481.7m
Cash & Short-Term Investments 6.4m
Receivables 136.6m
Other Current Assets 338.7m
Non-Current Assets 392.9m
PP&E 199.1m
Intangibles 170.2m
Other Non-Current Assets 23.6m
Current Liabilities 220.1m
Accounts Payable 125.4m
Other Current Liabilities 94.7m
Non-Current Liabilities 246.9m
Long-Term Debt 208m
Other Non-Current Liabilities 38.9m
Efficiency
Fundamental Scores

HRX Profitability Score
Profitability Due Diligence

Heroux Devtek Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

ROE is Increasing
Negative Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
50/100
Profitability
Score

Heroux Devtek Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

HRX Solvency Score
Solvency Due Diligence

Heroux Devtek Inc's solvency score is 45/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
Average Altman Z-Score
45/100
Solvency
Score

Heroux Devtek Inc's solvency score is 45/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

HRX Price Targets Summary
Heroux Devtek Inc

Wall Street analysts forecast HRX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for HRX is 23.26 CAD with a low forecast of 21.21 CAD and a high forecast of 27.3 CAD.

Lowest
Price Target
21.21 CAD
16% Upside
Average
Price Target
23.26 CAD
27% Upside
Highest
Price Target
27.3 CAD
49% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

HRX Price
Heroux Devtek Inc

1M 1M
+21%
6M 6M
+13%
1Y 1Y
+36%
3Y 3Y
+13%
5Y 5Y
+17%
10Y 10Y
+61%
Annual Price Range
18.27
52w Low
12.67
52w High
18.4
Price Metrics
Average Annual Return -0.29%
Standard Deviation of Annual Returns 32.84%
Max Drawdown -58%
Shares Statistics
Market Capitalization 614.9m CAD
Shares Outstanding 33 653 600
Percentage of Shares Shorted 0.07%

HRX Return Decomposition
Main factors of price return

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Company Profile

Heroux Devtek Inc Logo
Heroux Devtek Inc

Country

Canada

Industry

Aerospace & Defense

Market Cap

614.9m CAD

Dividend Yield

0%

Description

Héroux-Devtek, Inc. engages in the design, development, manufacture and overhaul of landing gear systems and components. The firm is engaged in the design, development, manufacture, repair and overhaul of aircraft landing gear, hydraulic and electromechanical actuators, custom ball screws and fracture-critical components. The Company’s service offerings include maintenance, repair and overhaul, spares provisioning and supply, warranty administration and support, technical publications, as well as on-site technical support and training. Its product support provides customers with a dedicated team for its range of products. Customers can count on the Company for spare parts availability, world-wide repair services, publications, product support, and issue resolution.

Contact

QUEBEC
600-1111 rue Saint-Charles Ouest O
+14506795450.0
https://www.herouxdevtek.com/en

IPO

1986-12-04

Employees

1 824

Officers

Executive Chairman of the Board
Mr. Gilles Labbe F.C.A., FCPA
President, CEO & Director
Mr. Martin Brassard
CFO & VP
Mr. Stéphane Arsenault C.A., CPA
Vice President of Legal Affairs
Jean-Philippe Sanche
Vice-President of Sales & Program Management
Mr. Jean Gravel
Vice President of HR & Environment
Mr. Stéphane Rainville
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Managing Director of UK Runcorn - Landing Gear
Mr. Gaétan Roy
President of Progressive Incorporated - Aerostructure Division
Guinn D. Crousen
Corporate Secretary
Mr. François Renaud
VP & Corporate Controller
Patrick Gagnon
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See Also

Discover More
What is the Intrinsic Value of one HRX stock?

The intrinsic value of one HRX stock under the Base Case scenario is 24.92 CAD.

Is HRX stock undervalued or overvalued?

Compared to the current market price of 18.27 CAD, Heroux Devtek Inc is Undervalued by 27%.