Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide.
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
Stable Share Price: HY has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HY underperformed the US Machinery industry which returned 11.4% over the past year.
Return vs Market: HY underperformed the US Market which returned 20.1% over the past year.
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
4 days ago | Simply Wall StVolatility 101: Should Hyster-Yale Materials Handling (NYSE:HY) Shares Have Dropped 23%?
2 weeks ago | Simply Wall StA Closer Look At Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) Uninspiring ROE
3 weeks ago | Simply Wall StShareholders Should Look Hard At Hyster-Yale Materials Handling, Inc.’s (NYSE:HY) 4.2%Return On Capital
Is Hyster-Yale Materials Handling undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HY ($55.52) is trading below our estimate of fair value ($340.52)
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 (29.6x) compared to the Machinery industry average (21.4x).
PE vs Market: HY is poor value based on its PE Ratio (29.6x) compared to the US market (18.4x).
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 (1.8x) compared to the US Machinery industry average (2.2x).
How is Hyster-Yale Materials Handling forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HY's forecast earnings growth (43.7% per year) is above the savings rate (1.7%).
Earnings vs Market: HY's earnings (43.7% 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 (5.2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HY's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HY's Return on Equity is forecast to be low in 3 years time (14.1%).
How has Hyster-Yale Materials Handling performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HY has high quality earnings.
Growing Profit Margin: HY's current net profit margins (0.9%) are lower than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: HY's earnings have declined by -26.9% 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 (-6.9%) over the past year, making it difficult to compare to the Machinery industry average (2.1%).
Return on Equity
High ROE: HY's Return on Equity (5.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Hyster-Yale Materials Handling's financial position?
Financial Position Analysis
Short Term Liabilities: HY's short term assets ($1.2B) exceed its short term liabilities ($838.7M).
Long Term Liabilities: HY's short term assets ($1.2B) exceed its long term liabilities ($457.0M).
Debt to Equity History and Analysis
Debt Level: HY's debt to equity ratio (61.2%) is considered high.
Reducing Debt: HY's debt to equity ratio has increased from 5.3% to 61.2% over the past 5 years.
Debt Coverage: HY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HY's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Inventory Level: HY has a high level of physical assets or inventory.
Debt Coverage by Assets: HY's debt is covered by short term assets (assets are 3.5x debt).
What is Hyster-Yale Materials Handling's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HY's dividend (2.29%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: HY's dividend (2.29%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HY has been paying a dividend for less than 10 years.
Growing Dividend: HY's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.8%), HY's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Al Rankin (78yo)
Mr. Alfred Marshall Rankin, Jr., also known as Al, serves as the Non-Executive Chairman of NACCO Industries, Inc. since September 2017 and since prior to 2013 Chairman of NACCO’s principal subsidiary, Nort ...
CEO Compensation Analysis
Compensation vs Market: Al's total compensation ($USD4.47M) is above average for companies of similar size in the US market ($USD2.47M).
Compensation vs Earnings: Al's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||7.4yrs||US$946.49k||0.25% $2.3m|
|Senior VP & President of Americas - Hyster-Yale Group||0yrs||US$1.35m||0.11% $1.0m|
|President & CEO of Hyster-Yale Group||0.08yrs||US$1.52m||0.13% $1.2m|
|Senior VP||3.8yrs||no data||0.12% $1.1m|
|Chief Operating Officer of Hyster-Yale Group Inc.||0.6yrs||no data||0.027% $245.3k|
|VP & Treasurer||7.4yrs||no data||0.026% $241.8k|
|VP & Controller||7.4yrs||no data||0.047% $430.5k|
|President of Nuvera Fuel Cells||4.8yrs||no data||no data|
|Chief Executive Officer of Nuvera Fuel Cells||1.3yrs||no data||no data|
Experienced Management: HY's management team is considered experienced (4.8 years average tenure).
|Independent Director||8.1yrs||US$207.22k||0.18% $1.7m|
|Independent Director||8.1yrs||US$253.75k||0.18% $1.6m|
|Independent Director||8.1yrs||US$195.11k||0.54% $5.0m|
|Independent Director||1.8yrs||US$138.97k||0.019% $177.9k|
|Independent Director||8.1yrs||US$231.55k||0.068% $630.5k|
|Independent Director||8.1yrs||US$243.11k||0.064% $594.4k|
|Independent Director||2.9yrs||US$208.05k||0.030% $276.0k|
Experienced Board: HY's board of directors are considered experienced (8.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hyster-Yale Materials Handling, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Hyster-Yale Materials Handling, Inc.
- Ticker: HY
- Exchange: NYSE
- Founded: 1991
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$925.347m
- Shares outstanding: 16.67m
- Website: https://www.hyster-yale.com
Number of Employees
- Hyster-Yale Materials Handling, Inc.
- 5875 Landerbrook Drive
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HY||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Sep 2012|
|HYEA||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Sep 2012|
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. It also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, the company produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 00:42|
|End of Day Share Price||2020/02/14 00:00|
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.