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HYLN

Hyliion Holdings NYSE:HYLN Stock Report

Last Price

US$2.92

Market Cap

US$508.2m

7D

-0.3%

1Y

-62.6%

Updated

03 Oct, 2022

Data

Company Financials +
HYLN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

HYLN Stock Overview

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry.

Hyliion Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hyliion Holdings
Historical stock prices
Current Share PriceUS$2.92
52 Week HighUS$9.12
52 Week LowUS$2.69
Beta1.23
1 Month Change-12.58%
3 Month Change-14.87%
1 Year Change-62.61%
3 Year Change-70.36%
5 Year Changen/a
Change since IPO-69.90%

Recent News & Updates

Sep 23

Heavy Duty Trucking Needs Decarbonization. How Does Hyliion Fit?

Summary The electrification of transport has become a critical policy objective of many state and national governments looking to reduce carbon emissions. Private logistics companies are also on board with decarbonization as part of their ESG commitments. Hyliion slots into this low-carbon with its electrified drivetrain solutions but revenue traction has been poor. Heavy duty trucking in the United States consumes 38 billion gallons of diesel fuel each year and forms one of the fastest growing sources of carbon emissions. Shrinking this is a gargantuan task as demands on the logistics industry rises and with the pipeline of new class 8 electric trucks limited to the point of effectively being non-existent. Hence, Hyliion (HYLN) quickly garnered a strong bullish commentary when it went public on the back of the pandemic-era SPAC boom with a stated mission to replace diesel engines in nearly any heavy-duty trucks. The long-term bullish story was set. Decarbonization has almost become gospel with a number of logistics companies including Amazon (AMZN), Deutsche Post AG (DPSTF), and United Parcel Service (UPS) all promising to become carbon-neutral by future dates as part of their ESG commitments. Powertrain solutions by Hyliion might very well come to play a role in this. The Austin, Texas-based company retails the Hyliion Hybrid powertrain and the Hypertruck ERX. The former is a hybrid electric booster for class 8 trucks which has failed to gain commercial traction whilst the latter is a natural gas-electric powertrain that provides a 1000+ mile range. The company also recently acquired a hydrogen and fuel agnostic generator called Karno from General Electric (GE) to be integrated into the Hypertruck powertrain platform. Hyliion does not make trucks, it helps transform existing trucks. Hence, logistics companies can convert their existing freight trucks from purely diesel engines into Hyliion's powertrain solution with a smaller capital outlay than could be expected if they were to go with outright purchasing a truck from the pipeline of new class 8 electric trucks coming online in the next few years. Retrofitting enables fleet operators to maintain the familiarity of their existing vehicles while reducing their carbon emissions. This essentially opens up a new total addressable market of commercial operators who want to jump on the electrification wave for environmental reasons but are constrained by the budget required for an entirely new electric fleet. Revenue Growth Has Been Anemic, But Order Book Buildup On Hypertruck Is Optimistic The benefits for fleet operators to go with Hyliion potentially extends beyond the green credentials and into actual operational cost savings with remote diagnostics and software that maximises fuel economy. The company last reported earnings for its fiscal 2022 second quarter which saw revenue come in at $172K versus nil revenues in the year-ago quarter and also underperformed consensus estimates by $203K. Data by YCharts The lack of revenue combined with high operational costs to lead a material deterioration of Hyliion's financials. Gross profits were negative during the quarter at $1.97 million, with negative net income significantly higher at $33.48 million. Further, whilst some of these losses could be attributed to non-cash flow impacting items, Hyliion still realized $26.27 million in negative operational cash flow during the quarter. The company reiterated its fiscal 2022 revenue expectations of between $2 million and $3 million and also lowered guidance for operational expenses to be in the range of $130 million to $140 million from the prior guidance of $135 million to $145 million. These numbers are so disproportional to the point of it being near comical. The company is essentially telling the stock market that it will spend $47 for every $1 of revenue it expects to bring in at the higher end of its guidance during its current fiscal year.

Sep 12

Hyliion Holdings announces Jon Panzer join as CFO

Hyliion Holdings (NYSE:HYLN) has announced that Jon Panzer has joined the company as CFO. Prior to joining Hyliion, Panzer spent 26 years at Union Pacific Railroad Company, where he was most recently Senior Vice President of Intermodal Operations.

Sep 06
We're Not Very Worried About Hyliion Holdings' (NYSE:HYLN) Cash Burn Rate

We're Not Very Worried About Hyliion Holdings' (NYSE:HYLN) Cash Burn Rate

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

HYLNUS MachineryUS Market
7D-0.3%3.4%1.0%
1Y-62.6%-15.3%-20.0%

Return vs Industry: HYLN underperformed the US Machinery industry which returned -18.6% over the past year.

Return vs Market: HYLN underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is HYLN's price volatile compared to industry and market?
HYLN volatility
HYLN Average Weekly Movement7.8%
Machinery Industry Average Movement5.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: HYLN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HYLN's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015200Thomas Healyhttps://www.hyliion.com

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.

Hyliion Holdings Fundamentals Summary

How do Hyliion Holdings's earnings and revenue compare to its market cap?
HYLN fundamental statistics
Market CapUS$508.17m
Earnings (TTM)-US$116.82m
Revenue (TTM)US$712.00k

713.9x

P/S Ratio

-4.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HYLN income statement (TTM)
RevenueUS$712.00k
Cost of RevenueUS$6.98m
Gross Profit-US$6.27m
Other ExpensesUS$110.56m
Earnings-US$116.82m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.67
Gross Margin-880.48%
Net Profit Margin-16,408.01%
Debt/Equity Ratio0%

How did HYLN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is HYLN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HYLN?

Other financial metrics that can be useful for relative valuation.

HYLN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue179x
Enterprise Value/EBITDA-1.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does HYLN's PB Ratio compare to its peers?

HYLN PB Ratio vs Peers
The above table shows the PB ratio for HYLN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.6x
MVST Microvast Holdings
0.9x52.1%US$583.7m
HYZN Hyzon Motors
1.2x68.0%US$423.9m
PLOW Douglas Dynamics
2.9x34.1%US$646.8m
REVG REV Group
1.6x56.3%US$694.7m
HYLN Hyliion Holdings
1x-7.2%US$508.2m

Price-To-Book vs Peers: HYLN is good value based on its Price-To-Book Ratio (1x) compared to the peer average (1.6x).


Price to Earnings Ratio vs Industry

How does HYLN's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Book vs Industry: HYLN is good value based on its Price-To-Book Ratio (1x) compared to the US Machinery industry average (2x)


Price to Book Ratio vs Fair Ratio

What is HYLN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HYLN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HYLN's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HYLN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HYLN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HYLN's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Hyliion Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-7.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HYLN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HYLN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HYLN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HYLN's revenue (83% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: HYLN's revenue (83% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HYLN is forecast to be unprofitable in 3 years.


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Past Performance

How has Hyliion Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HYLN is currently unprofitable.

Growing Profit Margin: HYLN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HYLN is unprofitable, but has reduced losses over the past 5 years at a rate of 4.3% per year.

Accelerating Growth: Unable to compare HYLN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HYLN is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (9.8%).


Return on Equity

High ROE: HYLN has a negative Return on Equity (-23.52%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Hyliion Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HYLN's short term assets ($397.5M) exceed its short term liabilities ($14.2M).

Long Term Liabilities: HYLN's short term assets ($397.5M) exceed its long term liabilities ($9.1M).


Debt to Equity History and Analysis

Debt Level: HYLN is debt free.

Reducing Debt: HYLN had no debt 5 years ago.

Debt Coverage: HYLN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HYLN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Hyliion Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Hyliion Holdings Dividend Yield vs Market
How does Hyliion Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Hyliion Holdings)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Machinery)2.0%
Analyst forecast in 3 Years (Hyliion Holdings)0%

Notable Dividend: Unable to evaluate HYLN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HYLN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HYLN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HYLN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HYLN has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.5yrs

Average management tenure


CEO

Thomas Healy (29 yo)

2yrs

Tenure

US$5,254,750

Compensation

Mr. Thomas J. Healy is a Founder of Hyliion Holdings Corp. (formerly known as Hyliion, Inc.) in 2015, has been its Chief Executive Officer since January 26, 2016 and has been its Director since October 202...


CEO Compensation Analysis

Thomas Healy's Compensation vs Hyliion Holdings Earnings
How has Thomas Healy's remuneration changed compared to Hyliion Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$117m

Mar 31 2022n/an/a

-US$107m

Dec 31 2021US$5mUS$650k

-US$96m

Sep 30 2021n/an/a

US$276m

Jun 30 2021n/an/a

US$294m

Mar 31 2021n/an/a

US$313m

Dec 31 2020US$351kUS$320k

US$324m

Sep 30 2020n/an/a

-US$35m

Jun 30 2020n/an/a

-US$25m

Mar 31 2020n/an/a

-US$16m

Dec 31 2019US$190kUS$183k

-US$14m

Compensation vs Market: Thomas's total compensation ($USD5.25M) is above average for companies of similar size in the US market ($USD2.94M).

Compensation vs Earnings: Thomas's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: HYLN's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: HYLN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:HYLN Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Dec 21BuyUS$61,481Robert KnightIndividual10,000US$6.15
09 Dec 21BuyUS$13,096Dennis GallagherIndividual2,021US$6.48
08 Dec 21BuyUS$39,944Edward OlkkolaIndividual6,100US$6.55
06 Dec 21BuyUS$9,128Jose OxholmIndividual1,500US$6.09
06 Dec 21BuyUS$12,360Sherri BakerIndividual2,000US$6.18
22 Nov 21SellUS$7,100,483Axioma Ventures LLCCompany977,093US$7.45
22 Nov 21SellUS$7,100,483Axioma Ventures LLCCompany977,093US$7.45

Ownership Breakdown

What is the ownership structure of HYLN?
Owner TypeNumber of SharesOwnership Percentage
Private Companies6,928,4994.0%
VC/PE Firms9,548,2885.5%
Individual Insiders40,893,96923.5%
Institutions50,113,85928.8%
General Public66,547,12038.2%

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


Top Shareholders

Top 25 shareholders own 57.55% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.94%
Thomas Healy
32,963,724$96.3m0%no data
6.34%
The Vanguard Group, Inc.
11,034,862$32.2m11.82%no data
5.64%
BlackRock, Inc.
9,806,715$28.6m12.29%no data
5.49%
Colle Capital Partners LP
9,548,288$27.9m0%no data
3.98%
Flying J Corp
6,928,499$20.2m0%no data
2.96%
Howard Jenkins
5,149,500$15.0m0%no data
2.18%
TortoiseEcofin Investments, LLC
3,795,085$11.1m0%13.14%
1.68%
State Street Global Advisors, Inc.
2,928,243$8.6m4%no data
1.35%
Handelsbanken Asset Management
2,355,185$6.9m0%0.01%
1.21%
Geode Capital Management, LLC
2,097,332$6.1m28.81%no data
1.09%
D. E. Shaw & Co., L.P.
1,888,315$5.5m6.77%0.01%
0.92%
Renaissance Technologies LLC
1,605,800$4.7m-45.24%0.01%
0.67%
Northern Trust Global Investments
1,161,018$3.4m13.27%no data
0.54%
Morgan Stanley, Investment Banking and Brokerage Investments
942,431$2.8m-18.97%no data
0.54%
Edward Olkkola
937,755$2.7m0%no data
0.54%
Millennium Management LLC
936,468$2.7m39.02%no data
0.54%
Vincent Cubbage
932,518$2.7m0%no data
0.48%
Charles Schwab Investment Management, Inc.
835,165$2.4m0.79%no data
0.46%
ALPS Advisors, Inc.
802,834$2.3m-5.48%0.02%
0.43%
CIBC Private Wealth Advisors, Inc.
750,000$2.2m50%0.01%
0.35%
Two Sigma Advisers, LP
608,900$1.8m-37.47%0.01%
0.35%
Two Sigma Investments, LP
605,457$1.8m-70.83%0.01%
0.34%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
585,961$1.7m14.65%no data
0.29%
Susquehanna International Group, LLP, Asset Management Arm
504,856$1.5m-17.22%no data
0.26%
Alexander Jenkins
450,000$1.3m0%no data

Company Information

Hyliion Holdings Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Hyliion Holdings Corp.
  • Ticker: HYLN
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: US$508.173m
  • Shares outstanding: 174.03m
  • Website: https://www.hyliion.com

Number of Employees


Location

  • Hyliion Holdings Corp.
  • 1202 BMC Drive
  • Suite 100
  • Cedar Park
  • Texas
  • 78613
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HYLNNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.