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 reasonable growth potential.

Risks

  • Hyster-Yale Materials Handling is covered by less than 3 analysts.

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%

NYSE:HY

0.6%

US Machinery

0.8%

US Market


1 Year Return

-13.8%

NYSE:HY

-4.3%

US Machinery

1.9%

US Market

HY underperformed the Machinery industry which returned -3.4% over the past year.

HY underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

HYIndustryMarket
7 Day-6.9%0.6%0.8%
30 Day-1.2%8.3%3.4%
90 Day6.8%0.8%2.1%
1 Year-11.9%-13.8%-2.3%-4.3%4.2%1.9%
3 Year24.6%17.7%51.7%41.8%46.7%37.2%
5 Year-15.1%-22.7%56.1%36.8%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Hyster-Yale Materials Handling's share price is below the future cash flow value, and at a moderate discount (> 20%).

Hyster-Yale Materials Handling's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Hyster-Yale Materials Handling is overvalued based on earnings compared to the US Machinery industry average.

Hyster-Yale Materials Handling is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Hyster-Yale Materials Handling is good value based on expected growth next year.


Price Based on Value of Assets

Hyster-Yale Materials Handling is good value based on assets compared to the US Machinery industry average.


Next Steps

Future Growth

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

75.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Hyster-Yale Materials Handling's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).

Hyster-Yale Materials Handling's earnings are expected to grow significantly at over 20% yearly.

Hyster-Yale Materials Handling's revenue growth is expected to exceed the United States of America market average.

Hyster-Yale Materials Handling's earnings growth is expected to exceed the United States of America market average.

Hyster-Yale Materials Handling's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Hyster-Yale Materials Handling will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Hyster-Yale Materials Handling's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Hyster-Yale Materials Handling's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Hyster-Yale Materials Handling's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.


Return on Equity

Hyster-Yale Materials Handling has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Hyster-Yale Materials Handling used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Hyster-Yale Materials Handling's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

Hyster-Yale Materials Handling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Hyster-Yale Materials Handling's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Hyster-Yale Materials Handling's level of debt (62.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (5.4% vs 62.6% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.5x debt.


Next Steps

Dividend

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

2.22%

Current Dividend Yield


Dividend Yield and Payments Analysis

Hyster-Yale Materials Handling's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Hyster-Yale Materials Handling's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Whilst dividend payments have been stable, Hyster-Yale Materials Handling has been paying a dividend for less than 10 years.

Dividend payments have increased, but Hyster-Yale Materials Handling only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

7.0yrs

Average management tenure


CEO

Al Rankin (78yo)

7yrs

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

Al's remuneration is higher than average for companies of similar size in United States of America.

Al's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.0yrs

Average Tenure

58.5yo

Average Age

The average tenure for the Hyster-Yale Materials Handling management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.7yrs

Average Tenure

67.5yo

Average Age

The tenure for the Hyster-Yale Materials Handling board of directors is about average.


Insider Trading

Hyster-Yale Materials Handling individual 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$78,01005 Mar 19
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares1,246
Max PriceUS$63.69
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
BuyUS$14,15609 Oct 18
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares226
Max PriceUS$62.64
BuyUS$34,72602 Oct 18
Clara Williams
EntityIndividual
Shares564
Max PriceUS$61.74
BuyUS$4,41926 Sep 18
Alfred Rankin
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares68
Max PriceUS$64.99

Ownership Breakdown


Management Team

  • Al Rankin (78yo)

    Chairman

    • Tenure: 7yrs
    • Compensation: US$4.47m
  • Kenneth Schilling (59yo)

    Senior VP & CFO

    • Tenure: 7yrs
    • Compensation: US$946.49k
  • Lauren Miller (64yo)

    Chief Marketing Officer & Senior VP

    • Tenure: 4.7yrs
  • Colin Wilson (65yo)

    President & CEO of Hyster-Yale Group Inc

    • Tenure: 5yrs
    • Compensation: US$2.74m
  • Suzy Taylor (56yo)

    Senior VP

    • Tenure: 3.3yrs
  • Rajiv Prasad (55yo)

    Chief Product & Operations Officer of Hyster-Yale Group Inc

    • Tenure: 7.7yrs
    • 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: 7yrs
  • Brian Frentzko (58yo)

    VP & Treasurer

    • Tenure: 7yrs
  • Anthony Salgado (48yo)

    Chief Operating Officer of Hyster-Yale Group Inc.

    • Tenure: 0.2yrs

Board Members

  • Eugene Wong (84yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$207.22k
  • Al Rankin (78yo)

    Chairman

    • Tenure: 7yrs
    • Compensation: US$4.47m
  • John Butler (58yo)

    Director

    • Tenure: 7.7yrs
    • Compensation: US$203.62k
  • Dennis LaBarre (76yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$253.75k
  • Britton Taplin (62yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$195.11k
  • James Bemowski (65yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$138.97k
  • John Jumper (74yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$231.55k
  • Carolyn Corvi (67yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$243.11k
  • Clay Rankin (68yo)

    Director

    • Tenure: 7.7yrs
    • Compensation: US$195.11k
  • H. Poor (67yo)

    Independent Director

    • Tenure: 2.5yrs
    • 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$951.389m
  • 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 Analysis2019/09/18 01:02
End of Day Share Price2019/09/17 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.