HEICO: EBITDA Growth, FSG Momentum and a Practical Long-Term Trade
HEICO (HEI) combines high-margin aftermarket parts with a diversified electronics business. Recent beats in both Flight Support Group and Electronic Technologies Group, plus strong free cash flow ($944M), support continued EBITDA compounding. Valuation is rich (EV/EBITDA ~36x, P/E ~60x) so enter with a disciplined stop and a long-term horizon to le…