HYLN Stock Overview
Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry.
Hyliion Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.92|
|52 Week High||US$9.12|
|52 Week Low||US$2.69|
|1 Month Change||-12.58%|
|3 Month Change||-14.87%|
|1 Year Change||-62.61%|
|3 Year Change||-70.36%|
|5 Year Change||n/a|
|Change since IPO||-69.90%|
Recent News & Updates
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.
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.
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...
|HYLN||US Machinery||US Market|
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.
|HYLN Average Weekly Movement||7.8%|
|Machinery Industry Average Movement||5.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
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
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
|HYLN fundamental statistics|
Is HYLN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HYLN income statement (TTM)|
|Cost of Revenue||US$6.98m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.67|
|Net Profit Margin||-16,408.01%|
How did HYLN perform over the long term?See historical performance and comparison
Is HYLN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is HYLN's n/a Ratio?|
Price to Book Ratio vs Peers
How does HYLN's PB Ratio compare to its peers?
|HYLN PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
MVST Microvast Holdings
HYZN Hyzon Motors
PLOW Douglas Dynamics
REVG REV Group
HYLN Hyliion Holdings
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.
|Current PB Ratio||1x|
|Fair PB Ratio||n/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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How is Hyliion Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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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How has Hyliion Holdings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Hyliion Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
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.
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What is Hyliion Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Hyliion Holdings Dividend Yield vs Market|
|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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thomas Healy (29 yo)
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|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$5m||US$650k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$351k||US$320k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$190k||US$183k|
Compensation vs Market: Thomas's total compensation ($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.
Experienced Management: HYLN's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: HYLN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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
|16 Dec 21||BuyUS$61,481||Robert Knight||Individual||10,000||US$6.15|
|09 Dec 21||BuyUS$13,096||Dennis Gallagher||Individual||2,021||US$6.48|
|08 Dec 21||BuyUS$39,944||Edward Olkkola||Individual||6,100||US$6.55|
|06 Dec 21||BuyUS$9,128||Jose Oxholm||Individual||1,500||US$6.09|
|06 Dec 21||BuyUS$12,360||Sherri Baker||Individual||2,000||US$6.18|
|22 Nov 21||SellUS$7,100,483||Axioma Ventures LLC||Company||977,093||US$7.45|
|22 Nov 21||SellUS$7,100,483||Axioma Ventures LLC||Company||977,093||US$7.45|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Hyliion Holdings Corp.'s employee growth, exchange listings and data sources
- 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
- Hyliion Holdings Corp.
- 1202 BMC Drive
- Suite 100
- Cedar Park
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HYLN||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 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.