Heroux Devtek Inc
TSX:HRX

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Heroux Devtek Inc
TSX:HRX
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Price: 32.48 CAD Market Closed
Market Cap: 1.1B CAD

Relative Value

The Relative Value of one HRX stock under the Base Case scenario is 46.01 CAD. Compared to the current market price of 32.48 CAD, Heroux Devtek Inc is Undervalued by 29%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HRX Relative Value
Base Case
46.01 CAD
Undervaluation 29%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
63
Median 3Y
1
Median 5Y
1
Industry
3.9
Forward
1.5
vs History
39
vs Industry
37
Median 3Y
20.8
Median 5Y
20.5
Industry
33.8
Forward
20.7
vs History
14
vs Industry
1
Median 3Y
14.6
Median 5Y
8.4
Industry
22.9
vs History
0
vs Industry
7
Median 3Y
22.7
Median 5Y
19.7
Industry
30.9
vs History
3
vs Industry
49
Median 3Y
1.4
Median 5Y
1.4
Industry
3.5
vs History
3
vs Industry
58
Median 3Y
1.3
Median 5Y
1.3
Industry
3.7
Forward
1.7
vs History
9
vs Industry
45
Median 3Y
8.2
Median 5Y
8.1
Industry
12.7
vs History
6
vs Industry
44
Median 3Y
9.9
Median 5Y
8.9
Industry
21.9
Forward
9.6
vs History
61
vs Industry
38
Median 3Y
16.5
Median 5Y
16
Industry
28.5
Forward
13.1
vs History
14
vs Industry
1
Median 3Y
18.5
Median 5Y
11
Industry
24.3
vs History
4
vs Industry
11
Median 3Y
16.9
Median 5Y
14.2
Industry
32.3
vs History
3
vs Industry
52
Median 3Y
1
Median 5Y
1.1
Industry
2.5

Multiples Across Competitors

HRX Competitors Multiples
Heroux Devtek Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Heroux Devtek Inc
TSX:HRX
1.1B CAD 1.6 21 10.4 15.1
US
Raytheon Technologies Corp
NYSE:RTX
172.3B USD 2.1 36.1 19.8 34.1
US
RTX Corp
LSE:0R2N
169.5B USD 2.1 35.5 19.5 33.6
NL
Airbus SE
PAR:AIR
128.6B EUR 1.9 30.4 15.8 24.9
US
Boeing Co
NYSE:BA
120B USD 1.8 -10.1 -16.3 -13.5
FR
Safran SA
PAR:SAF
102.2B EUR 3.7 -153.2 18.8 25.3
US
Lockheed Martin Corp
NYSE:LMT
110B USD 1.5 20.6 14.7 17.9
UK
Rolls-Royce Holdings PLC
LSE:RR
65.6B GBP 3.5 26 18.8 23.4
US
TransDigm Group Inc
NYSE:TDG
74.8B USD 9.2 45.5 23.3 25.3
US
General Dynamics Corp
NYSE:GD
70.5B USD 1.5 18.7 13.4 15.9
US
Northrop Grumman Corp
NYSE:NOC
70.8B USD 1.7 17 14.1 18.6
P/E Multiple
Earnings Growth PEG
CA
Heroux Devtek Inc
TSX:HRX
Average P/E: 27.9
21
25%
0.8
US
Raytheon Technologies Corp
NYSE:RTX
36.1
28%
1.3
US
RTX Corp
LSE:0R2N
35.5
28%
1.3
NL
Airbus SE
PAR:AIR
30.4
24%
1.3
US
Boeing Co
NYSE:BA
Negative Multiple: -10.1 N/A N/A
FR
Safran SA
PAR:SAF
Negative Multiple: -153.2 N/A N/A
US
Lockheed Martin Corp
NYSE:LMT
20.6
12%
1.7
UK
Rolls-Royce Holdings PLC
LSE:RR
26
-2%
N/A
US
TransDigm Group Inc
NYSE:TDG
45.5
24%
1.9
US
General Dynamics Corp
NYSE:GD
18.7
10%
1.9
US
Northrop Grumman Corp
NYSE:NOC
17
3%
5.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Heroux Devtek Inc
TSX:HRX
Average EV/EBITDA: 16.9
10.4
18%
0.6
US
Raytheon Technologies Corp
NYSE:RTX
19.8
16%
1.2
US
RTX Corp
LSE:0R2N
19.5
16%
1.2
NL
Airbus SE
PAR:AIR
15.8
19%
0.8
US
Boeing Co
NYSE:BA
Negative Multiple: -16.3 N/A N/A
FR
Safran SA
PAR:SAF
18.8
13%
1.4
US
Lockheed Martin Corp
NYSE:LMT
14.7
10%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
18.8
7%
2.7
US
TransDigm Group Inc
NYSE:TDG
23.3
12%
1.9
US
General Dynamics Corp
NYSE:GD
13.4
8%
1.7
US
Northrop Grumman Corp
NYSE:NOC
14.1
5%
2.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Heroux Devtek Inc
TSX:HRX
Average EV/EBIT: 23.4
15.1
26%
0.6
US
Raytheon Technologies Corp
NYSE:RTX
34.1
27%
1.3
US
RTX Corp
LSE:0R2N
33.6
27%
1.2
NL
Airbus SE
PAR:AIR
24.9
28%
0.9
US
Boeing Co
NYSE:BA
Negative Multiple: -13.5 N/A N/A
FR
Safran SA
PAR:SAF
25.3
16%
1.6
US
Lockheed Martin Corp
NYSE:LMT
17.9
12%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
23.4
4%
5.8
US
TransDigm Group Inc
NYSE:TDG
25.3
12%
2.1
US
General Dynamics Corp
NYSE:GD
15.9
10%
1.6
US
Northrop Grumman Corp
NYSE:NOC
18.6
5%
3.7