company background image
HY

Hyster-Yale Materials HandlingNYSE:HY Stock Report

Market Cap

US$892.3m

7D

-3.4%

1Y

43.6%

Updated

25 Sep, 2021

Data

Company Financials +
HY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends2/6

HY Overview

Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Hyster-Yale Materials Handling
Historical stock prices
Current Share PriceUS$53.05
52 Week HighUS$36.37
52 Week LowUS$102.17
Beta1.08
1 Month Change-8.15%
3 Month Change-27.35%
1 Year Change43.57%
3 Year Change-13.78%
5 Year Change-11.77%
Change since IPO24.15%

Recent News & Updates

Shareholder Returns

HYUS MachineryUS Market
7D-3.4%-0.06%0.1%
1Y43.6%37.4%35.3%

Return vs Industry: HY exceeded the US Machinery industry which returned 37.4% over the past year.

Return vs Market: HY exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is HY's price volatile compared to industry and market?
HY volatility
HY Beta1.08
Industry Beta1.25
Market Beta1

Stable Share Price: HY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HY's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19917,600Al Rankinhttps://www.hyster-yale.com

Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.

Hyster-Yale Materials Handling Fundamentals Summary

How do Hyster-Yale Materials Handling's earnings and revenue compare to its market cap?
HY fundamental statistics
Market CapUS$892.35m
Earnings (TTM)US$25.70m
Revenue (TTM)US$2.87b

34.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HY income statement (TTM)
RevenueUS$2.87b
Cost of RevenueUS$2.41b
Gross ProfitUS$459.90m
ExpensesUS$434.20m
EarningsUS$25.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 02, 2021

Earnings per share (EPS)1.53
Gross Margin16.03%
Net Profit Margin0.89%
Debt/Equity Ratio51.9%

How did HY perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

83%

Payout Ratio

Valuation

Is Hyster-Yale Materials Handling undervalued compared to its fair value and its price relative to the market?

34.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HY ($53.05) is trading above our estimate of fair value ($21.74)

Significantly Below Fair Value: HY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HY is poor value based on its PE Ratio (34.7x) compared to the US Machinery industry average (29.4x).

PE vs Market: HY is poor value based on its PE Ratio (34.7x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: HY is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: HY is good value based on its PB Ratio (1.5x) compared to the US Machinery industry average (2.8x).


Future Growth

How is Hyster-Yale Materials Handling forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

52.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HY's forecast earnings growth (52.9% per year) is above the savings rate (2%).

Earnings vs Market: HY's earnings (52.9% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HY's revenue (9.6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: HY's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HY's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Hyster-Yale Materials Handling performed over the past 5 years?

-13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HY has a large one-off gain of $8.7M impacting its June 30 2021 financial results.

Growing Profit Margin: HY's current net profit margins (0.9%) are lower than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: HY's earnings have declined by 13.3% per year over the past 5 years.

Accelerating Growth: HY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HY had negative earnings growth (-26.8%) over the past year, making it difficult to compare to the Machinery industry average (22.1%).


Return on Equity

High ROE: HY's Return on Equity (4.3%) is considered low.


Financial Health

How is Hyster-Yale Materials Handling's financial position?


Financial Position Analysis

Short Term Liabilities: HY's short term assets ($1.3B) exceed its short term liabilities ($863.1M).

Long Term Liabilities: HY's short term assets ($1.3B) exceed its long term liabilities ($498.1M).


Debt to Equity History and Analysis

Debt Level: HY's debt to equity ratio (51.9%) is considered high.

Reducing Debt: HY's debt to equity ratio has increased from 25.7% to 51.9% over the past 5 years.

Debt Coverage: HY's debt is well covered by operating cash flow (23.9%).

Interest Coverage: HY's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is Hyster-Yale Materials Handling current dividend yield, its reliability and sustainability?

2.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HY's dividend (2.43%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: HY's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HY has been paying a dividend for less than 10 years.

Growing Dividend: HY's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.4%), HY's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Al Rankin (80 yo)

9yrs

Tenure

US$1,202,760

Compensation

Mr. Alfred Marshall Rankin, Jr., also known as Al, serves as the Non-Executive Chairman of NACCO Industries, Inc. since May 1994 and since prior to 2013 Chairman of NACCO’s principal subsidiary, North Amer...


CEO Compensation Analysis

Compensation vs Market: Al's total compensation ($USD1.20M) is below average for companies of similar size in the US market ($USD2.30M).

Compensation vs Earnings: Al's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HY's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: HY's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hyster-Yale Materials Handling, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Hyster-Yale Materials Handling, Inc.
  • Ticker: HY
  • Exchange: NYSE
  • Founded: 1991
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$892.347m
  • Shares outstanding: 16.82m
  • Website: https://www.hyster-yale.com

Number of Employees


Location

  • Hyster-Yale Materials Handling, Inc.
  • 5875 Landerbrook Drive
  • Suite 300
  • Cleveland
  • Ohio
  • 44124-4069
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:11
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.