NYSE:HY

Stock Analysis Report

Hyster-Yale Materials Handling

Executive Summary

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

Snowflake

Fundamentals

Good value with moderate growth potential.

Share Price & News

How has Hyster-Yale Materials Handling's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.9%

HY

3.3%

US Machinery

0.07%

US Market


1 Year Return

-12.6%

HY

15.1%

US Machinery

8.9%

US Market

Return vs Industry: HY underperformed the US Machinery industry which returned 15.1% over the past year.

Return vs Market: HY underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

HYIndustryMarket
7 Day6.9%3.3%0.07%
30 Day-8.1%3.5%-0.3%
90 Day-7.0%-0.5%-1.6%
1 Year-10.7%-12.6%17.5%15.1%11.3%8.9%
3 Year-4.7%-9.9%55.1%45.1%46.3%36.8%
5 Year-24.8%-31.5%56.6%37.5%62.1%44.3%

Price Volatility Vs. Market

How volatile is Hyster-Yale Materials Handling's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HY ($50.85) is trading below our estimate of fair value ($121.92)

Significantly Below Fair Value: HY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HY is poor value based on its PE Ratio (25x) compared to the Machinery industry average (20.6x).

PE vs Market: HY is poor value based on its PE Ratio (25x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: HY is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: HY is good value based on its PB Ratio (1.6x) compared to the US Machinery industry average (2.3x).


Next Steps

Future Growth

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

66.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HY's forecast earnings growth (66.9% per year) is above the savings rate (2.7%).

Earnings vs Market: HY's earnings (66.9% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: HY's revenue (5.4% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: HY's revenue (5.4% 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


Next Steps

Past Performance

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

-26.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HY's earnings have declined by -26.5% 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 (-2.3%) over the past year, making it difficult to compare to the Machinery industry average (16.7%).


Return on Equity

High ROE: HY's Return on Equity (5.9%) is considered low.


Return on Assets

ROA vs Industry: HY's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: HY's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: HY's short term assets ($1.2B) exceeds its short term liabilities ($888.3M)

Long Term Liabilities: HY's short term assets (1.2B) exceeds its long term liabilities (462.4M)


Debt to Equity History and Analysis

Debt Level: HY's debt to equity ratio (62.6%) is considered high

Reducing Debt: HY's debt to equity ratio has increased from 5.4% to 62.6% over the past 5 years.

Debt Coverage: HY's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: HY's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

Inventory Level: HY has a high level of physical assets or inventory.

Debt Coverage by Assets: HY's debt is covered by short term assets (assets are 3.452660x debt).


Next Steps

Dividend

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

2.50%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HY's dividend (2.5%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: HY's dividend (2.5%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.2%), HY's dividend 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

What is the CEO of Hyster-Yale Materials Handling's salary, the management and board of directors tenure and is there insider trading?

7.1yrs

Average management tenure


CEO

Al Rankin (78yo)

7.1yrs

Tenure

US$4,469,254

Compensation

Mr. Alfred Marshall Rankin, Jr., also known as Al, serves as the Non-Executive Chairman of NACCO Industries, Inc. since September 2017 and since prior to 2013 Chairman of NACCO’s principal subsidiary, Nort ...


CEO Compensation Analysis

Compensation vs. Market: Al's total compensation ($USD4.47M) is above average for companies of similar size in the US market ($USD2.67M).

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


Management Age and Tenure

7.1yrs

Average Tenure

58.5yo

Average Age

Experienced Management: HY's management team is seasoned and experienced (7.1 years average tenure).


Board Age and Tenure

7.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: HY's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: HY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$113,37927 Aug 19
Martha Kelly
EntityIndividual
Shares2,100
Max PriceUS$53.99
SellUS$94,41327 Aug 19
Susan Sichel
EntityIndividual
Shares1,750
Max PriceUS$53.95
SellUS$55,31006 Aug 19
Theodore Taplin
EntityIndividual
Shares1,000
Max PriceUS$55.31
BuyUS$45,61115 Mar 19
Clara Williams
EntityIndividual
Shares711
Max PriceUS$64.99
SellUS$159,15715 Mar 19
Theodore Taplin
EntityIndividual
Shares2,500
Max PriceUS$65.25
BuyUS$4,96715 Mar 19
Thomas Rankin
EntityIndividual
Shares79
Max PriceUS$62.87
BuyUS$10,23715 Mar 19
Thomas Rankin
EntityIndividual
Shares158
Max PriceUS$64.99
BuyUS$30,40815 Mar 19
Clara Rankin
EntityIndividual
Shares474
Max PriceUS$64.99
BuyUS$91,03015 Mar 19
Bruce Rankin
EntityIndividual
Shares1,419
Max PriceUS$64.99
BuyUS$10,07015 Mar 19
Alison Rankin
EntityIndividual
Shares158
Max PriceUS$64.59
BuyUS$80,42915 Mar 19
Victoire Rankin
EntityIndividual
Shares1,262
Max PriceUS$64.59
BuyUS$41,00915 Mar 19
Victoire Rankin
EntityIndividual
Shares631
Max PriceUS$64.99
BuyUS$60,68715 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares946
Max PriceUS$64.99
BuyUS$45,61115 Mar 19
Helen Butler
EntityIndividual
Shares711
Max PriceUS$64.99
BuyUS$30,80213 Mar 19
Clara Williams
EntityIndividual
Shares474
Max PriceUS$64.98
BuyUS$41,00513 Mar 19
Victoire Rankin
EntityIndividual
Shares631
Max PriceUS$64.98
BuyUS$41,00313 Mar 19
Victoire Rankin
EntityIndividual
Shares631
Max PriceUS$64.98
BuyUS$5,13413 Mar 19
Thomas Rankin
EntityIndividual
Shares79
Max PriceUS$64.98
BuyUS$5,13313 Mar 19
Thomas Rankin
EntityIndividual
Shares79
Max PriceUS$64.98
BuyUS$20,53513 Mar 19
Clara Rankin
EntityIndividual
Shares316
Max PriceUS$64.98
BuyUS$61,47413 Mar 19
Bruce Rankin
EntityIndividual
Shares946
Max PriceUS$64.98
BuyUS$10,26713 Mar 19
Alison Rankin
EntityIndividual
Shares158
Max PriceUS$64.98
BuyUS$20,47013 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares315
Max PriceUS$64.98
BuyUS$20,46913 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares315
Max PriceUS$64.98
BuyUS$30,80213 Mar 19
Helen Butler
EntityIndividual
Shares474
Max PriceUS$64.98
BuyUS$12,46011 Mar 19
Clara Williams
EntityIndividual
Shares192
Max PriceUS$64.89
BuyUS$66,09011 Mar 19
Victoire Rankin
EntityIndividual
Shares1,024
Max PriceUS$64.89
BuyUS$8,26111 Mar 19
Thomas Rankin
EntityIndividual
Shares128
Max PriceUS$64.89
BuyUS$24,91911 Mar 19
Bruce Rankin
EntityIndividual
Shares384
Max PriceUS$64.89
BuyUS$16,61311 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares256
Max PriceUS$64.89
BuyUS$4,15311 Mar 19
Alison Rankin
EntityIndividual
Shares64
Max PriceUS$64.89
BuyUS$16,43311 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares256
Max PriceUS$64.19
BuyUS$24,78411 Mar 19
Helen Butler
EntityIndividual
Shares384
Max PriceUS$64.89
BuyUS$12,47806 Mar 19
Clara Williams
EntityIndividual
Shares192
Max PriceUS$64.99
BuyUS$33,27506 Mar 19
Victoire Rankin
EntityIndividual
Shares512
Max PriceUS$64.99
BuyUS$8,31906 Mar 19
Clara Rankin
EntityIndividual
Shares128
Max PriceUS$64.99
BuyUS$4,15906 Mar 19
Thomas Rankin
EntityIndividual
Shares64
Max PriceUS$64.99
BuyUS$24,95606 Mar 19
Bruce Rankin
EntityIndividual
Shares384
Max PriceUS$64.99
BuyUS$4,15906 Mar 19
Alison Rankin
EntityIndividual
Shares64
Max PriceUS$64.99
BuyUS$16,63706 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares256
Max PriceUS$64.99
BuyUS$12,47806 Mar 19
Helen Butler
EntityIndividual
Shares192
Max PriceUS$64.99
BuyUS$6,23805 Mar 19
Clara Williams
EntityIndividual
Shares96
Max PriceUS$64.98
BuyUS$4,15905 Mar 19
Clara Rankin
EntityIndividual
Shares64
Max PriceUS$64.98
BuyUS$12,47605 Mar 19
Bruce Rankin
EntityIndividual
Shares192
Max PriceUS$64.98
BuyUS$16,70005 Mar 19
Victoire Rankin
EntityIndividual
Shares257
Max PriceUS$64.98
BuyUS$8,31805 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares128
Max PriceUS$64.98
BuyUS$2,07905 Mar 19
Thomas Rankin
EntityIndividual
Shares32
Max PriceUS$64.98
BuyUS$6,23805 Mar 19
Helen Butler
EntityIndividual
Shares96
Max PriceUS$64.98
BuyUS$12,83121 Nov 18
Clara Williams
EntityIndividual
Shares200
Max PriceUS$64.15
BuyUS$4,24220 Nov 18
Thomas Rankin
EntityIndividual
Shares67
Max PriceUS$63.31

Ownership Breakdown


Management Team

  • Al Rankin (78yo)

    Chairman

    • Tenure: 7.1yrs
    • Compensation: US$4.47m
  • Kenneth Schilling (59yo)

    Senior VP & CFO

    • Tenure: 7.1yrs
    • Compensation: US$946.49k
  • Lauren Miller (64yo)

    Chief Marketing Officer & Senior VP

    • Tenure: 4.8yrs
  • Colin Wilson (65yo)

    President & CEO of Hyster-Yale Group Inc

    • Tenure: 5.1yrs
    • Compensation: US$2.74m
  • Suzy Taylor (56yo)

    Senior VP

    • Tenure: 3.4yrs
  • Rajiv Prasad (55yo)

    Chief Product & Operations Officer of Hyster-Yale Group Inc

    • Tenure: 7.8yrs
    • Compensation: US$1.52m
  • Chuck Pascarelli (59yo)

    Senior VP & President of Americas - Hyster-Yale Group

    • Tenure: 0yrs
    • Compensation: US$1.35m
  • Jennifer Langer (45yo)

    VP & Controller

    • Tenure: 7.1yrs
  • Brian Frentzko (58yo)

    VP & Treasurer

    • Tenure: 7.1yrs
  • Anthony Salgado (48yo)

    Chief Operating Officer of Hyster-Yale Group Inc.

    • Tenure: 0.3yrs

Board Members

  • Eugene Wong (84yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$207.22k
  • Al Rankin (78yo)

    Chairman

    • Tenure: 7.1yrs
    • Compensation: US$4.47m
  • John Butler (58yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$203.62k
  • Dennis LaBarre (76yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$253.75k
  • Britton Taplin (62yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$195.11k
  • James Bemowski (65yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$138.97k
  • John Jumper (74yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$231.55k
  • Carolyn Corvi (67yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$243.11k
  • Clay Rankin (68yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$195.11k
  • H. Poor (67yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$208.05k

Company Information

Hyster-Yale Materials Handling, Inc.'s company bio, 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$847.253m
  • Shares outstanding: 16.66m
  • Website: https://www.hyster-yale.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HYNYSE (New York Stock Exchange)YesClass A Common StockUSUSDSep 2012
HYEADB (Deutsche Boerse AG)YesClass A Common StockDEEURSep 2012

Biography

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 co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:30
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.