HÉROUX-DEVTEK INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20 CAD | +0.55% |
|
0.00% | +31.58% |
| Apr. 16 | National Bank Offers Update on Aerospace Industry, Forecasts Updated for Bombardier, CAE, Heroux-Devtek | MT |
| Feb. 08 | Heroux-Devtek Upgraded to Buy at TD | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 577.4 | 380.7 | 624 | 591.3 | 447.5 | 673.1 | - | - |
| Enterprise Value (EV) 1 | 802.6 | 624.5 | 779.2 | 741.1 | 610.4 | 883.7 | 859.4 | 838.8 |
| P/E ratio | 21.8 x | -7.59 x | 31.2 x | 19 x | 32.7 x | 24.4 x | 18.8 x | 14.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.19 x | 0.62 x | 1.09 x | 1.1 x | 0.82 x | 1.09 x | 1.02 x | 0.95 x |
| EV / Revenue | 1.66 x | 1.02 x | 1.37 x | 1.38 x | 1.12 x | 1.43 x | 1.3 x | 1.19 x |
| EV / EBITDA | 10.8 x | 6.49 x | 8.82 x | 8.92 x | 9.95 x | 10.3 x | 8.49 x | 7.46 x |
| EV / FCF | 13.5 x | 19.6 x | 11.6 x | 16.2 x | -355 x | -25.3 x | 22.7 x | 19.1 x |
| FCF Yield | 7.41% | 5.11% | 8.64% | 6.19% | -0.28% | -3.95% | 4.41% | 5.24% |
| Price to Book | 1.43 x | 1.09 x | 1.61 x | 1.56 x | 1.14 x | 1.61 x | 1.47 x | 1.34 x |
| Nbr of stocks (in thousands) | 36,362 | 36,362 | 36,382 | 34,598 | 34,215 | 33,654 | - | - |
| Reference price 2 | 15.88 | 10.47 | 17.15 | 17.09 | 13.08 | 20.00 | 20.00 | 20.00 |
| Announcement Date | 5/23/19 | 5/21/20 | 5/20/21 | 5/19/22 | 5/18/23 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 483.9 | 613 | 570.7 | 536.1 | 543.6 | 617.8 | 661.4 | 705.7 |
| EBITDA 1 | 74.21 | 96.19 | 88.3 | 83.05 | 61.37 | 85.57 | 101.3 | 112.4 |
| EBIT 1 | 41.56 | 52.55 | 45.21 | 47.07 | 24.98 | 49.69 | 62.42 | 72.6 |
| Operating Margin | 8.59% | 8.57% | 7.92% | 8.78% | 4.59% | 8.04% | 9.44% | 10.29% |
| Earnings before Tax (EBT) 1 | 30.43 | -37.92 | - | 40.49 | 18.62 | 35.83 | 46.62 | 60.64 |
| Net income 1 | 26.19 | -50.66 | 20.06 | 32.52 | 13.82 | 27.64 | 35.88 | 45.65 |
| Net margin | 5.41% | -8.26% | 3.51% | 6.07% | 2.54% | 4.47% | 5.43% | 6.47% |
| EPS 2 | 0.7300 | -1.380 | 0.5500 | 0.9000 | 0.4000 | 0.8200 | 1.065 | 1.353 |
| Free Cash Flow 1 | 59.46 | 31.93 | 67.29 | 45.86 | -1.718 | -34.93 | 37.86 | 43.97 |
| FCF margin | 12.29% | 5.21% | 11.79% | 8.55% | -0.32% | -5.65% | 5.72% | 6.23% |
| FCF Conversion (EBITDA) | 80.13% | 33.19% | 76.2% | 55.22% | - | - | 37.39% | 39.13% |
| FCF Conversion (Net income) | 227.01% | - | 335.47% | 141% | - | - | 105.51% | 96.33% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 5/23/19 | 5/21/20 | 5/20/21 | 5/19/22 | 5/18/23 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 131.3 | 131.1 | 147.5 | 114.1 | 132.7 | 140.9 | 156 | 140.7 | 141.5 | 163.5 | 172.1 | 152 | 154 | 167 | 175 |
| EBITDA 1 | 21.16 | 19.69 | 22.15 | 11.43 | 16.22 | 14.13 | 19.6 | 16.36 | 18.22 | 24.54 | 26.44 | 22.15 | 22.4 | 28.2 | 30 |
| EBIT 1 | 11.95 | 10.54 | 13.77 | 2.646 | 7.343 | 5.111 | 9.879 | 7.496 | 9.101 | 15.55 | 17.57 | 13.2 | 13 | 17 | 20 |
| Operating Margin | 9.1% | 8.04% | 9.34% | 2.32% | 5.53% | 3.63% | 6.33% | 5.33% | 6.43% | 9.51% | 10.21% | 8.68% | 8.44% | 10.18% | 11.43% |
| Earnings before Tax (EBT) 1 | 10.04 | 8.438 | 13.11 | 1.27 | 6.334 | 2.315 | 8.704 | 5.329 | 6.216 | 11.06 | 13.5 | - | - | - | - |
| Net income 1 | 7.51 | 6.468 | 11.46 | 0.965 | 4.799 | 1.773 | 6.288 | 3.97 | 4.628 | 8.98 | 10.1 | - | - | - | - |
| Net margin | 5.72% | 4.93% | 7.77% | 0.85% | 3.62% | 1.26% | 4.03% | 2.82% | 3.27% | 5.49% | 5.87% | - | - | - | - |
| EPS 2 | 0.2100 | 0.1800 | 0.3300 | 0.0300 | 0.1400 | 0.0500 | 0.1800 | 0.1200 | 0.1400 | 0.2700 | 0.2967 | 0.1500 | 0.1600 | 0.3000 | 0.3400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/9/22 | 5/19/22 | 8/5/22 | 11/11/22 | 2/8/23 | 5/18/23 | 8/8/23 | 11/10/23 | 2/7/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 225 | 244 | 155 | 150 | 163 | 211 | 186 | 166 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.034 x | 2.534 x | 1.758 x | 1.804 x | 2.654 x | 2.461 x | 1.84 x | 1.475 x |
| Free Cash Flow 1 | 59.5 | 31.9 | 67.3 | 45.9 | -1.72 | -34.9 | 37.9 | 44 |
| ROE (net income / shareholders' equity) | 6.77% | 10.3% | 5.43% | 8.47% | 3.28% | 6.8% | 8.9% | - |
| ROA (Net income/ Total Assets) | 3.51% | - | - | - | - | - | - | - |
| Assets 1 | 746.2 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 11.10 | 9.570 | 10.60 | 10.90 | 11.50 | 12.40 | 13.60 | 15.00 |
| Cash Flow per Share | 1.920 | - | - | - | - | - | - | - |
| Capex 1 | 12.9 | 20.6 | 21.9 | 17.3 | 31.8 | 27.7 | 29 | 31 |
| Capex / Sales | 2.66% | 3.37% | 3.84% | 3.23% | 5.85% | 4.48% | 4.38% | 4.39% |
| Announcement Date | 5/23/19 | 5/21/20 | 5/20/21 | 5/19/22 | 5/18/23 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
20
CAD
Average target price
24.5
CAD
Spread / Average Target
+22.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +31.58% | 492M | |
| +30.82% | 92.09B | |
| +24.47% | 70.02B | |
| +22.69% | 27.12B | |
| +15.42% | 25.24B | |
| -6.47% | 12.86B | |
| +14.01% | 9.72B | |
| -8.19% | 8.08B | |
| -.--% | 7.35B | |
| +2.23% | 3.78B |
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- Financials Héroux-Devtek Inc.
