Hyliion Holdings (NYSE:HYLN) - Share price, News & Analysis

HYLN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

HYLN Stock Overview

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

Rewards

Revenue is forecast to grow 82.62% per year

Risk Analysis

Earnings are forecast to decline by an average of 3% per year for the next 3 years

Makes less than USD$1m in revenue ($712K)

Hyliion Holdings Competitors

Douglas Dynamics

NYSE:PLOW

US$773.3m

REV Group

NYSE:REVG

US$735.9m

Microvast Holdings

NasdaqGS:MVST

US$895.5m

Wabash National

NYSE:WNC

US$905.5m

Price History & Performance

Summary of all time highs, changes and price drops for Hyliion Holdings
Historical stock prices
Current Share Price	US$4.49
52 Week High	US$9.61
52 Week Low	US$2.69
Beta	1.21
1 Month Change	26.12%
3 Month Change	37.73%
1 Year Change	-48.51%
3 Year Change	-54.42%
5 Year Change	n/a
Change since IPO	-53.71%

Recent News & Updates

Aug 09

Hyliion Holdings GAAP EPS of -$0.19, revenue of $0.17M

Hyliion Holdings press release (NYSE:HYLN): Q2 GAAP EPS of -$0.19. Revenue of $0.17M. Shares -8.8% AH. Increased order backlog to 200 Hypertruck ERX™ production slots, plus nearly 2,000 units in reservations to date Company reiterates full-year 2022 revenue expectations of between $2.0 million and $3.0 million; lowers range for full-year operating expenses to between $130 million and $140 million Closed quarter with over $500 million on balance sheet

May 29

Hyliion Holdings: The Disappointing Journey Continues

Today, we put Hyliion Holdings Corporation in the spotlight for the first time. The stock has quickly found itself deep in 'Busted IPO' territory since coming public two years ago. Can this EV-related concern rebound? A full investment analysis follows in the paragraphs below.

Shareholder Returns

	HYLN	US Machinery	US Market
7D	-0.7%	4.9%	3.2%
1Y	-48.5%	-10.4%	-10.2%

Return vs Industry: HYLN underperformed the US Machinery industry which returned -10.4% over the past year.

Return vs Market: HYLN underperformed the US Market which returned -10.1% over the past year.

Price Volatility

Is HYLN's price volatile compared to industry and market?
HYLN volatility
HYLN Average Weekly Movement	9.0%
Machinery Industry Average Movement	5.8%
Market Average Movement	7.7%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: HYLN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: HYLN's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	200	Thomas Healy	https://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 Cap	US$781.40m
Earnings (TTM)	-US$116.82m
Revenue (TTM)	US$712.00k

1,098x

P/S Ratio

-6.7x

P/E Ratio

Is HYLN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HYLN income statement (TTM)
Revenue	US$712.00k
Cost of Revenue	US$6.98m
Gross Profit	-US$6.27m
Other Expenses	US$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 Ratio	0%

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.

The above table shows the n/a ratio for HYLN. This is calculated by dividing HYLN's market cap by their current preferred multiple.
What is HYLN's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$781.40m

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/Revenue	562.8x
Enterprise Value/EBITDA	-3.4x
PEG Ratio	n/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.
Company	PB	Estimated Growth	Market Cap
Peer Average	2.3x
PLOW Douglas Dynamics	3.5x	34.1%	US$773.3m
REVG REV Group	1.6x	48.7%	US$735.9m
MVST Microvast Holdings	1.4x	n/a	US$895.5m
WNC Wabash National	2.7x	17.0%	US$905.5m
HYLN Hyliion Holdings	1.6x	-3.0%	US$781.4m

Price-To-Book vs Peers: HYLN is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (2.3x).

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 (1.6x) compared to the US Machinery industry average (2.5x)

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 Ratio	1.6x
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 lower than the current share price.

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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

-3.0%

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 (82.6% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: HYLN's revenue (82.6% 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 (9.3%).

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

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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Management

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

1.5yrs

Average management tenure

CEO

Thomas Healy (29 yo)

7.58yrs

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

Compensation vs Market: Thomas's total compensation ($USD5.25M) is above average for companies of similar size in the US market ($USD3.86M).

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 ( 1.8 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

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/08/13 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31