BEAV
B/E Aerospace Inc.
Industrial/Transportation
10/14/2014
Presented
| Date | 10/09/2014 |
| Price | $75.48 |
| Market Cap | $7.95B |
| Ent Value | $10.36B |
| P/E Ratio | 116.02x |
| Book Value | $0.10 |
| Div Yield | 1.2% |
| Shares O/S | 105.30M |
| Ave Daily Vol | 1,330,000 |
| Short Int | 4.25% |
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 companys 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. 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), TransDigm Group Inc (TDG), Precision Castparts (PCP), W.W. Grainger Inc (GWW)
Highlights
B/E Aerospace (BEAV) shares have dropped ~$25 since early May, 2014, and the presenter believes the entry point is finally attractive. He is long the stock, and characterized the current valuation as “cheap.” With the imminent spin-off of BEAV’s distribution business (KLX) on the horizon (and long-time CEO Khoury going to run that business), and a lot of noise surrounding the aerospace cycle and management’s previous communication issues relating to the business separation, the dislocation has left investors and the Street “behind the curve in terms of looking at the pro forma company.”
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.