Hyster-yale, Inc.

Industrials
Construction/Ag Equipment/Trucks
www.hyster-yale.com

Earnings Score
Moat Score
Safety Score

Market Cap $959.27M
PE 6
Debt $585.80M
Cash $75.60M
EV $1.47B
FCF $89.20M

Earnings

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Sales & Net Margins

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Earnings	$157.20M
EBIT	$261.20M
ROE	29%
ROA	12%
FCF	$89.20M
Equity	$534.00M
Growth Stability	-513%
PE	6.1
PEG	0.3
PB	1.8
P/FCF	10.75
P/S	0.22
Price/Cash	0.08
Debt/Equity	1.1
Debt/FCF	6.57
Net Margins	4%
Gross Margins	21%
Op. Margins	6%
Earnings CAGR	3%
Sales Growth YoY	1%
Sales Growth QoQ	-13%
Sales CAGR	5%
FCF CAGR	3%
Equity CAGR	-5%
Earnings Stability	0.06
Earnings Growth YoY	-52%
Earnings Growth QoQ	-73%
Earnings CAGR 5Y	21%

Sales CAGR 5Y	9%
FCF CAGR 5Y	4%
Equity CAGR 5Y	-12%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	105%
Equity CAGR 3Y	29%
Market Cap	$959.27M
Revenue	$4.27B
Dividend Yield	2%
Payout Ratio	15%
Assets	$2.17B
Total Debt	$585.80M
Cash	$75.60M
Shares Outstanding	17.44M
EV	1.47B
Earnings Score	7%
Moat Score	89%
Safety Score	49%
Final Score	48%
Working Capital	410.6M
Current Ratio	1.36
Gross Profit	$897.60M
Shares Growth 3y	1%
Equity Growth QoQ	14%
Equity Growth YoY	74%

Assets & ROA

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Stockholders Equity & ROE

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Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.

SEC Filings

Direct access to Hyster-yale, Inc. (HY) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Hyster-yale, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hyster-yale, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 6%

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Hyster-yale, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Hyster-yale, Inc..

Years

Calculation mode

= $1.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$89M	$92M	$95M	$99M	$102M	$105M	$109M	$112M	$116M	$120M	$124M	$1.2B
DCF		$84M	$79M	$74M	$70M	$65M	$61M	$58M	$54M	$51M	$48M	$479M
Value	$1.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	3%	2%	2%	1%	1%	1%	-6%	-2%	3%	4%
ROA	-	10%	3%	6%	2%	3%	3%	-8%	-2%	10%	12%
ROE	-	16%	9%	8%	6%	6%	6%	-48%	-35%	32%	29%

Bad Net Margins (4.07%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	1.53	-3.71	2.99	13.77	13.78	3.25	-2.62	71.43	6.5	6.57
Debt over Equity	0.08	0.14	0.72	0.65	0.71	0.64	0.57	2.04	4	1.91	1.1
Growth Stability	-	-	-	64%	62%	86%	94%	-513%	-	-	-513%

Bad Debt/FCF ratio (6.57)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.1)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-513%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-7%	-0%	12%	10%	4%	-15%	9%	15%	16%	9%
Earnings YoY growth	-	-32%	-43%	15%	-29%	4%	4%	-594%	-60%	-270%	21%
Equity YoY growth	-	1%	2%	22%	-2%	3%	13%	-41%	-45%	86%	-12%
FCF YoY growth	-	-17%	-314%	-235%	-77%	-6%	327%	-359%	-104%	877%	4%