HEICO is a leading aerospace parts manufacturer and distributor that has a very unique angle on aftermarket parts and repairs. Over half of its business (51% of revenues in FY20) is categorized under the Flight Support Group (FSG), the main part of which consists of selling FAA approved functional equivalent parts that are otherwise sold by OEMs (original equipment manufacturers). These parts are categorized as PMA (Parts Manufacturer Approvals) and typically are priced below that of the OEMs. You can almost think of PMA as generic versions of branded pharmaceuticals, without the IP protection of the formulary.
I am having some trouble understand the RO incremental capital. How do you come up with the rolling sums and the 2 and 4 year changes. The math does not seem to line up for me. I am likely completely wrong in how I calculate these numbers
AGB 2021.3 - HEICO (HEI/HEI-A)
Good stuff, thanks
Is the 30% market share cap figure something that's provided by Heico management?
NIce review. thank you!
I am having some trouble understand the RO incremental capital. How do you come up with the rolling sums and the 2 and 4 year changes. The math does not seem to line up for me. I am likely completely wrong in how I calculate these numbers