NYSE:HY

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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. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HY's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

11.0%

HY

1.7%

US Machinery

2.1%

US Market


1 Year Return

-1.3%

HY

18.2%

US Machinery

19.8%

US Market

Return vs Industry: HY underperformed the US Machinery industry which returned 18.2% over the past year.

Return vs Market: HY underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

HYIndustryMarket
7 Day11.0%1.7%2.1%
30 Day35.0%13.7%8.1%
90 Day38.9%15.2%6.0%
1 Year1.0%-1.3%21.3%18.2%22.5%19.8%
3 Year-25.7%-30.2%31.2%21.8%46.5%36.8%
5 Year14.3%3.4%127.2%101.8%96.9%75.3%

Long-Term 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 ($59.17) is trading below our estimate of fair value ($221.49)

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 (36.2x) compared to the US Machinery industry average (29.8x).

PE vs Market: HY is poor value based on its PE Ratio (36.2x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HY is good value based on its PB Ratio (1.7x) compared to the US Machinery industry average (2.8x).


Next Steps

Future Growth

How is Hyster-Yale Materials Handling forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hyster-Yale Materials Handling has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-18.4%

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 (0.9%).


Past Earnings Growth Analysis

Earnings Trend: HY's earnings have declined by 18.4% 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 (-12.3%) over the past year, making it difficult to compare to the Machinery industry average (-15.6%).


Return on Equity

High ROE: HY's Return on Equity (4.8%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: HY's short term assets ($1.0B) exceed its short term liabilities ($677.8M).

Long Term Liabilities: HY's short term assets ($1.0B) exceed its long term liabilities ($453.5M).


Debt to Equity History and Analysis

Debt Level: HY's debt to equity ratio (41.1%) is considered high.

Reducing Debt: HY's debt to equity ratio has increased from 6.9% to 41.1% over the past 5 years.

Debt Coverage: HY's debt is well covered by operating cash flow (68.6%).

Interest Coverage: HY's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

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

2.15%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HY's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HY's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (4.05%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.6%), 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?

4.7yrs

Average management tenure


CEO

Al Rankin (79 yo)

8.17yrs

Tenure

US$4,607,034

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 ($USD4.61M) is above average for companies of similar size in the US market ($USD2.56M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alfred Rankin
Chairman8.17yrsUS$4.61m1.8%
$ 17.9m
Kenneth Schilling
Senior VP & CFO8.17yrsUS$974.79k0.27%
$ 2.7m
Charles Pascarelli
Senior VP & President of Americas - Hyster-Yale Groupno dataUS$1.24m0.14%
$ 1.4m
Rajiv Prasad
President & CEO of Hyster-Yale Group0.83yrUS$1.60m0.16%
$ 1.6m
Suzanne Taylor
Senior VP4.5yrsno data0.13%
$ 1.3m
Stephen Karas
Senior VP & President APIC0.83yrno data0.053%
$ 522.8k
Anthony Salgado
Chief Operating Officer of Hyster-Yale Group Inc.1.33yrsno data0.052%
$ 518.4k
Brian Frentzko
VP & Treasurer8.17yrsno data0.031%
$ 310.8k
Jennifer Langer
VP & Controller8.17yrsno data0.051%
$ 512.0k
Lucien Robroek
Chief Executive Officer of Nuvera Fuel Cells2yrsno datano data
Roberto Scotti
President & CEO of Bolzoni S.p.A.4.83yrsno datano data
David LeBlanc
Vice President of Strategyno datano data0.013%
$ 132.4k

4.7yrs

Average Tenure

58yo

Average Age

Experienced Management: HY's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alfred Rankin
Chairman8.17yrsUS$4.61m1.8%
$ 17.9m
Eugene Wong
Independent Director8.83yrsUS$218.45k0.20%
$ 2.0m
John Butler
Director8.83yrsUS$210.49k0.42%
$ 4.2m
Dennis LaBarre
Independent Director8.83yrsUS$266.36k0.19%
$ 1.9m
Britton Taplin
Independent Director8.83yrsUS$204.13k0.63%
$ 6.3m
James Bemowski
Independent Director2.5yrsUS$214.13k0.032%
$ 314.9k
John Jumper
Independent Director8.83yrsUS$249.78k0.080%
$ 797.4k
Carolyn Corvi
Independent Director8.83yrsUS$256.50k0.076%
$ 758.8k
Claiborne Rankin
Director8.83yrsUS$204.13k1.61%
$ 16.1m
David B. Williams
Director0.75yrno data0.046%
$ 452.5k
H. Poor
Independent Director3.67yrsUS$218.05k0.042%
$ 419.5k
Edward Eliopoulos
Director0.50yrno data0.0065%
$ 64.3k

8.8yrs

Average Tenure

68yo

Average Age

Experienced Board: HY's board of directors are considered experienced (8.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HY insiders have only sold shares 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 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$994.378m
  • Shares outstanding: 16.81m
  • 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

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 Analysis2020/11/26 23:48
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.