BEAV
B/E Aerospace Inc.
Industrial/Transportation
10/09/2014
Presented
| Date | 10/07/2014 |
| Price | $80.29 |
| Market Cap | $8.45B |
| Ent Value | $10.87B |
| P/E Ratio | 64.04x |
| Book Value | $0.10 |
| Div Yield | 1.2% |
| Shares O/S | 105.30M |
| Ave Daily Vol | 1,330,000 |
| Short Int | 3.59% |
Current
| Price | $64.47 |
| Market Cap | $6.54B |
| B/E Aerospace, Inc. designs, manufactures, sells, and services cabin interior products for commercial aircraft and business jets in the United States and internationally. Its Commercial Aircraft segment offers first class, business class, tourist class, and regional aircraft seats, as well as spares; oxygen storage, distribution, and delivery systems for commercial and business jet aircraft; coffee makers/water boilers, ovens, and refrigeration equipment; and modular lavatory, wastewater, and galley systems. This segment also provides engineering, design, integration, installation, and certification services for commercial aircraft passenger cabin interiors; services to design, manage, integrate, test, and certify reconfigurations and modifications for commercial aircraft, as well as to manufacture engineering kits and interface components; and interior reconfiguration services. The company’s Consumables Management segment offers inventory management and replenishment, special packaging and bar-coding, sophisticated parts kitting, quality assurance testing, and purchasing assistance services, as well as 3PL and 4PL supply chain programs; and distributes aerospace fasteners and other consumables. Its Business Jet segment provides jet seating and sofa products, including electric fully berthing lie-flat seats, direct and indirect lighting, air valves, and oxygen delivery systems, as well as sidewalls, bulkheads, credenzas, closets, galley structures, lavatories, wastewater systems, and table; and super first class cabin interior products for commercial wide-body aircraft. The company also offers thermal and power management solutions; and logistics related services, including oilfield rental equipment and services. It serves commercial and business jet aircraft operators, aircraft manufacturers, and their suppliers. The company was founded in 1987 and is headquartered in Wellington, Florida. |
Publicly traded companies mentioned herein: B/E Aerospace Inc (BEAV), WW Grainger Inc (GWW), WESCO International Inc (WCC), Precision Castparts Corp (PCP), Rockwell Collins Inc (COL), Lockheed Martin Corporation (LMT), United Technologies Corporation (UTX)
Highlights
The presenter is long shares of B/E Aerospace (BEAV) and believes the company is well run and has an imminent catalyst that will create value for shareholders at present levels (~$80). BEAV is a leading manufacturer of aircraft cabin interior products, and the largest supplier of aerospace fasteners, consumables and logistics services. It is currently in the process of spinning off the distribution, logistics and technical services businesses, which will be named KLX. Amir Khoury, BEAV’s chairman and co-CEO, will lead the new independent company, and Werner Lieberherr, co-CEO, will be left in charge of the core business. Overall, BEAV has grown EPS 25%+ over the past three years, and the presenter expects mid-teens (%) growth will continue for at least the next few years.
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