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Last update at 2024-11-20T19:43:00Z
Is Héroux-Devtek Inc. (TSE:HRX) Trading At A 45% Discount?
Wed 24 Jan 24, 10:31 AMHéroux-Devtek (TSE:HRX) Hasn't Managed To Accelerate Its Returns
Fri 05 Jan 24, 10:55 AMIs Now An Opportune Moment To Examine Héroux-Devtek Inc. (TSE:HRX)?
Mon 20 Nov 23, 02:58 PMHÉROUX-DEVTEK REPORTS SECOND QUARTER RESULTS
Fri 10 Nov 23, 12:00 PMHÉROUX-DEVTEK AWARDED DEVELOPMENT CONTRACT FOR EUROPEAN NGWS FCAS ENGINE EQUIPMENT PHASE 1B
Fri 03 Nov 23, 12:00 PMInvestors in Héroux-Devtek (TSE:HRX) have seen decent returns of 44% over the past three years
Sun 22 Oct 23, 12:19 PMInstitutional investors own a significant stake of 46% in Héroux-Devtek Inc. (TSE:HRX)
Sun 24 Sep 23, 02:44 PM| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Income before tax | 18.62M | 40.49M | 26.19M | -37.91600M | 30.43M |
| Minority interest | 0.00000M | 0.39M | 1.27M | 1.52M | 2.11M |
| Net income | 13.82M | 32.52M | 20.06M | -50.65800M | 26.45M |
| Selling general administrative | 48.56M | 44.03M | 49.71M | 50.57M | 41.63M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 73.53M | 91.09M | 94.92M | 103.12M | 83.20M |
| Reconciled depreciation | 36.39M | 35.98M | 43.09M | 43.64M | 32.65M |
| Ebit | 26.20M | 44.76M | 46.16M | 50.49M | 37.65M |
| Ebitda | 63.51M | 83.56M | 89.25M | 94.14M | 70.30M |
| Depreciation and amortization | 37.31M | 38.81M | 43.09M | 43.64M | 32.65M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 26.20M | 44.76M | 46.16M | 50.49M | 37.24M |
| Other operating expenses | 518.64M | 489.02M | 525.47M | 560.45M | 442.31M |
| Interest expense | 10.93M | 7.85M | 10.51M | 8.95M | 6.97M |
| Tax provision | 4.80M | 8.35M | 6.37M | 8.94M | 4.24M |
| Interest income | 2.47M | 0.52M | 0.76M | 10.18M | 6.85M |
| Net interest income | -8.78200M | -7.33200M | -9.55800M | -10.99900M | -7.45600M |
| Extraordinary items | - | - | - | -3.80500M | 0.00000M |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 4.80M | 8.35M | 6.37M | 12.74M | 4.24M |
| Total revenue | 543.62M | 536.09M | 570.68M | 613.00M | 483.88M |
| Total operating expenses | 48.56M | 44.03M | 49.71M | 50.57M | 41.63M |
| Cost of revenue | 470.09M | 444.99M | 475.77M | 509.88M | 400.68M |
| Total other income expense net | -7.57500M | -4.27000M | -19.97500M | -88.41000M | -6.81100M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 13.82M | 32.14M | 19.81M | -50.65800M | 26.19M |
| Net income applicable to common shares | 13.82M | 32.52M | 20.06M | -50.11300M | 26.45M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 911.42M | 821.34M | 813.36M | 853.28M | 898.85M |
| Intangible assets | 60.56M | 53.65M | 47.32M | 52.00M | 64.05M |
| Earning assets | - | - | - | - | - |
| Other current assets | 11.24M | 1.51M | 1.15M | 1.21M | 1.71M |
| Total liab | 481.79M | 430.42M | 436.08M | 461.55M | 549.40M |
| Total stockholder equity | 429.64M | 390.92M | 377.28M | 390.46M | 347.93M |
| Deferred long term liab | - | - | 11.87M | 10.77M | 12.55M |
| Other current liab | 73.16M | 64.09M | 67.47M | 159.36M | 83.12M |
| Common stock | 81.36M | 82.46M | 82.19M | 86.22M | 79.76M |
| Capital stock | 81.36M | 82.46M | 82.19M | 86.22M | 79.76M |
| Retained earnings | 323.05M | 289.65M | 282.46M | 282.83M | 255.22M |
| Other liab | - | - | 30.56M | 33.80M | 58.80M |
| Good will | 113.65M | 112.38M | 108.20M | 115.97M | 120.77M |
| Other assets | - | 14.48M | 36.95M | 33.38M | 41.38M |
| Cash | 9.77M | 15.02M | 86.69M | 95.47M | 45.84M |
| Cash and equivalents | - | 15.02M | 86.69M | 95.47M | 45.84M |
| Total current liabilities | 240.95M | 223.94M | 179.82M | 193.37M | 216.63M |
| Current deferred revenue | 64.48M | 58.90M | 29.88M | 40.87M | 34.88M |
| Net debt | 208.26M | 162.89M | 149.83M | 155.23M | 243.78M |
| Short term debt | 16.26M | 11.43M | 10.84M | 15.31M | 16.86M |
| Short long term debt | 16.26M | 11.43M | 10.84M | 15.31M | 16.86M |
| Short long term debt total | 218.03M | 177.91M | 236.53M | 250.70M | 289.62M |
| Other stockholder equity | 8.19M | 6.74M | 5.77M | 5.13M | 5.79M |
| Property plant equipment | - | 205.49M | 208.84M | 227.62M | 259.64M |
| Total current assets | 507.85M | 429.51M | 415.45M | 434.77M | 422.05M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | - | 233.63M | 233.26M | 175.66M |
| Short term investments | - | - | - | - | - |
| Net receivables | 163.49M | 143.68M | 117.84M | 111.69M | 127.44M |
| Long term debt | 201.76M | 166.48M | 225.69M | 235.38M | 228.09M |
| Inventory | 323.35M | 263.00M | 200.34M | 216.44M | 241.12M |
| Accounts payable | 87.04M | 89.52M | 71.64M | 57.51M | 81.77M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 17.04M | 12.07M | 6.87M | 16.28M | 7.16M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | 79.76M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 7.77M | 10.99M | 26.99M | 14.44M | 12.64M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 403.58M | 391.82M | 397.91M | 418.51M | 476.80M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | 166.48M | 225.69M | 235.38M | 272.76M |
| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Investments | -28.29200M | -16.13100M | -21.52300M | -34.84400M | -208.61900M |
| Change to liabilities | - | 10.42M | -12.29700M | 3.32M | 20.01M |
| Total cashflows from investing activities | -28.29200M | -16.13100M | -21.52300M | -34.84400M | -208.61900M |
| Net borrowings | - | -13.16500M | -21.50300M | -7.09700M | 81.69M |
| Total cash from financing activities | -74.38900M | -55.22100M | -16.84900M | -7.93600M | 80.32M |
| Change to operating activities | - | -19.41800M | 0.77M | 7.75M | -0.28100M |
| Net income | 13.82M | 32.14M | 19.81M | -50.65800M | 26.19M |
| Change in cash | -71.67200M | -8.77800M | 49.63M | 10.71M | -58.08100M |
| Begin period cash flow | 86.69M | 95.47M | 45.84M | 35.13M | 93.21M |
| End period cash flow | 15.02M | 86.69M | 95.47M | 45.84M | 35.13M |
| Total cash from operating activities | 30.06M | 63.17M | 89.19M | 52.57M | 69.97M |
| Issuance of capital stock | 1.10M | 1.50M | 4.65M | 0.06M | 1.17M |
| Depreciation | 36.39M | 35.98M | 43.09M | 43.64M | 32.65M |
| Other cashflows from investing activities | -9.65100M | 1.18M | -0.26400M | -14.19900M | -195.76100M |
| Dividends paid | - | - | - | - | - |
| Change to inventory | -55.32300M | 11.03M | 21.81M | -45.51700M | -1.74600M |
| Change to account receivables | -18.00300M | -8.51500M | 11.32M | 4.33M | -5.62400M |
| Sale purchase of stock | -6.54600M | -43.00000M | 4.65M | 0.06M | 1.17M |
| Other cashflows from financing activities | 6.80M | 2.59M | 68.11M | 30.03M | 115.35M |
| Change to netincome | - | 0.59M | 3.64M | 87.81M | 0.79M |
| Capital expenditures | 31.78M | 20.15M | 21.90M | 22.24M | 12.86M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -30.38700M | -6.48900M | 22.85M | -29.52800M | 9.57M |
| Stock based compensation | 1.31M | 1.17M | 1.15M | 1.11M | 0.88M |
| Other non cash items | 2.91M | 0.29M | 2.06M | 86.71M | 2.69M |
| Free cash flow | -1.71800M | 43.01M | 67.29M | 30.33M | 57.11M |
Sector: Industrials Industry: Aerospace & Defense
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HRX Heroux-Devtek Inc. |
0.27 0.85% | 31.88 | 23.25 | 19.92 | 1.63 | 2.43 | 1.94 | 12.05 |
| CAE CAE Inc. |
0.43 1.37% | 31.80 | - | 23.58 | 1.97 | 1.97 | 2.69 | 75.64 |
| MDA MDA Ltd |
0.05 0.19% | 26.42 | 68.50 | 25.51 | 3.63 | 2.85 | 4.16 | 21.54 |
| MAL Magellan Aerospace Corporation |
-0.08 0.74% | 10.70 | 32.18 | 10.89 | 0.66 | 0.79 | 0.72 | 8.24 |
| FTG Firan Technology Group Corporation |
-0.06 0.78% | 7.60 | 17.26 | 15.11 | 1.10 | 2.58 | 1.27 | 8.41 |
Héroux-Devtek Inc. engages in the design, development, manufacture, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves civil and defence sectors of the aerospace market. It operates in Canada, the United States, the United Kingdom, Rest of Europe, Spain, and internationally. The company was formerly known as Heroux Inc. and changed its name to Héroux-Devtek Inc. in 2000. Héroux-Devtek Inc. was incorporated in 1942 and is headquartered in Longueuil, Canada.
West Tower, Longueuil, QC, Canada, J4K 5G4
| Name | Title | Year Born |
|---|---|---|
| Mr. Gilles Labbe F.C.A., FCA, FCPA | Exec. Chairman | 1956 |
| Mr. Martin Brassard | Pres, CEO & Director | NA |
| Mr. Stéphane Arsenault C.A., CPA, CPA, CA | CFO & VP | NA |
| Jean-Philippe Sanche | VP of Legal Affairs | NA |
| Mr. Jean Gravel | Vice-Pres of Sales & Program Management | NA |
| Mr. Stéphane Rainville | VP of HR | NA |
| Mr. Gaétan Roy | Managing Director of UK Runcorn - Landing Gear | NA |
| Guinn D. Crousen | Pres of Progressive Incorporated - Aerostructure Division | NA |
| Mr. François Renaud | Corp. Sec. | NA |
| Patrick Gagnon | VP & Corp. Controller | NA |
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