HYSTER-YALE INC (HY) Stock Fundamental Analysis
NYSE:HY - New York Stock Exchange, Inc. - US4491721050 - Common Stock - Currency: USD
HY gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. HY has a medium profitability rating, but doesn't score so well on its financial health evaluation. HY is cheap, but on the other hand it scores bad on growth. Finally HY also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
HY had positive earnings in the past year.
In the past year HY had a positive cash flow from operations.
In multiple years HY reported negative net income over the last 5 years.
Of the past 5 years HY 4 years had a positive operating cash flow.
1.2 Ratios
HY has a Return On Assets (4.84%) which is in line with its industry peers.
HY has a better Return On Equity (19.49%) than 82.03% of its industry peers.
With a decent Return On Invested Capital value of 12.74%, HY is doing good in the industry, outperforming 78.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.84% | ||
| ROE | 19.49% | ||
| ROIC | 12.74% |
ROA(3y)3.14%
ROA(5y)0.52%
ROE(3y)8.66%
ROE(5y)-3.29%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 2.39%, HY is doing worse than 60.16% of the companies in the same industry.
HY's Profit Margin has improved in the last couple of years.
HY has a worse Operating Margin (4.93%) than 63.28% of its industry peers.
In the last couple of years the Operating Margin of HY has grown nicely.
HY has a worse Gross Margin (20.12%) than 72.66% of its industry peers.
In the last couple of years the Gross Margin of HY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.93% | ||
| PM (TTM) | 2.39% | ||
| GM | 20.12% |
OM growth 3YN/A
OM growth 5Y29.18%
PM growth 3YN/A
PM growth 5Y24.88%
GM growth 3Y20.72%
GM growth 5Y4.68%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HY is creating some value.
The number of shares outstanding for HY has been increased compared to 1 year ago.
Compared to 5 years ago, HY has more shares outstanding
The debt/assets ratio for HY has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.11 indicates that HY is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.11, HY is in line with its industry, outperforming 50.00% of the companies in the same industry.
HY has a debt to FCF ratio of 7.93. This is a slightly negative value and a sign of low solvency as HY would need 7.93 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.93, HY is in line with its industry, outperforming 43.75% of the companies in the same industry.
A Debt/Equity ratio of 0.67 indicates that HY is somewhat dependend on debt financing.
HY has a worse Debt to Equity ratio (0.67) than 67.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 7.93 | ||
| Altman-Z | 3.11 |
ROIC/WACC1.42
WACC8.94%
2.3 Liquidity
A Current Ratio of 1.38 indicates that HY should not have too much problems paying its short term obligations.
With a Current ratio value of 1.38, HY is not doing good in the industry: 78.91% of the companies in the same industry are doing better.
HY has a Quick Ratio of 1.38. This is a bad value and indicates that HY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.65, HY is doing worse than 89.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The earnings per share for HY have decreased strongly by -24.57% in the last year.
HY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.91% yearly.
HY shows a decrease in Revenue. In the last year, the revenue decreased by -0.32%.
HY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.53% yearly.
EPS 1Y (TTM)-24.57%
EPS 3YN/A
EPS 5Y35.91%
EPS Q2Q%-83.28%
Revenue 1Y (TTM)-0.32%
Revenue growth 3Y11.89%
Revenue growth 5Y5.53%
Sales Q2Q%-13.83%
3.2 Future
HY is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -15.29% yearly.
HY is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.32% yearly.
EPS Next Y-74.16%
EPS Next 2Y-35.54%
EPS Next 3Y-25.66%
EPS Next 5Y-15.29%
Revenue Next Year-13.37%
Revenue Next 2Y-5.74%
Revenue Next 3Y-3.13%
Revenue Next 5Y-1.32%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.91, the valuation of HY can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of HY indicates a rather cheap valuation: HY is cheaper than 96.09% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.35. HY is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 10.35, which indicates a very decent valuation of HY.
Based on the Price/Forward Earnings ratio, HY is valued cheaper than 86.72% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, HY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.91 | ||
| Fwd PE | 10.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HY indicates a rather cheap valuation: HY is cheaper than 98.44% of the companies listed in the same industry.
HY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HY is cheaper than 89.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.17 | ||
| EV/EBITDA | 3.93 |
4.3 Compensation for Growth
A cheap valuation may be justified as HY's earnings are expected to decrease with -25.66% in the coming years.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-35.54%
EPS Next 3Y-25.66%
5. Dividend
5.1 Amount
HY has a Yearly Dividend Yield of 3.50%.
Compared to an average industry Dividend Yield of 1.90, HY pays a better dividend. On top of this HY pays more dividend than 92.19% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, HY pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
5.2 History
The dividend of HY has a limited annual growth rate of 1.92%.
HY has paid a dividend for at least 10 years, which is a reliable track record.
HY has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.92%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
24.65% of the earnings are spent on dividend by HY. This is a low number and sustainable payout ratio.
DP24.65%
EPS Next 2Y-35.54%
EPS Next 3Y-25.66%
38.48
-0.04 (-0.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners61.49%
Inst Owner Change0.43%
Ins Owners18.03%
Ins Owner Change6.74%
Market Cap681.48M
Analysts82
Price Target57.12 (48.44%)
Short Float %4.37%
Short Ratio6.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
Yearly Dividend1.39
Dividend Growth(5Y)1.92%
DP24.65%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.32%
Min EPS beat(2)1.22%
Max EPS beat(2)3.42%
EPS beat(4)3
Avg EPS beat(4)4.29%
Min EPS beat(4)-52.2%
Max EPS beat(4)64.73%
EPS beat(8)6
Avg EPS beat(8)52.96%
EPS beat(12)9
Avg EPS beat(12)87.66%
EPS beat(16)10
Avg EPS beat(16)10.14%
Revenue beat(2)1
Avg Revenue beat(2)-2.68%
Min Revenue beat(2)-6.74%
Max Revenue beat(2)1.38%
Revenue beat(4)2
Avg Revenue beat(4)-1.76%
Min Revenue beat(4)-6.74%
Max Revenue beat(4)4.95%
Revenue beat(8)4
Avg Revenue beat(8)0.58%
Revenue beat(12)7
Avg Revenue beat(12)1.59%
Revenue beat(16)9
Avg Revenue beat(16)0.92%
PT rev (1m)-22.76%
PT rev (3m)-22.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-68.01%
EPS NY rev (1m)0%
EPS NY rev (3m)-58.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.91 | ||
| Fwd PE | 10.35 | ||
| P/S | 0.16 | ||
| P/FCF | 11.17 | ||
| P/OCF | 6.09 | ||
| P/B | 1.34 | ||
| P/tB | 1.6 | ||
| EV/EBITDA | 3.93 |
EPS(TTM)6.51
EY16.92%
EPS(NY)3.72
Fwd EY9.66%
FCF(TTM)3.44
FCFY8.95%
OCF(TTM)6.32
OCFY16.42%
SpS235.01
BVpS28.8
TBVpS24.04
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.84% | ||
| ROE | 19.49% | ||
| ROCE | 20.48% | ||
| ROIC | 12.74% | ||
| ROICexc | 13.7% | ||
| ROICexgc | 14.93% | ||
| OM | 4.93% | ||
| PM (TTM) | 2.39% | ||
| GM | 20.12% | ||
| FCFM | 1.47% |
ROA(3y)3.14%
ROA(5y)0.52%
ROE(3y)8.66%
ROE(5y)-3.29%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y35.18%
ROICexc growth 3YN/A
ROICexc growth 5Y37.6%
OM growth 3YN/A
OM growth 5Y29.18%
PM growth 3YN/A
PM growth 5Y24.88%
GM growth 3Y20.72%
GM growth 5Y4.68%
F-Score6
Asset Turnover2.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 7.93 | ||
| Debt/EBITDA | 1.35 | ||
| Cap/Depr | 108.53% | ||
| Cap/Sales | 1.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 44.4% | ||
| Profit Quality | 61.37% | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 3.11 |
F-Score6
WACC8.94%
ROIC/WACC1.42
Cap/Depr(3y)81.76%
Cap/Depr(5y)92.33%
Cap/Sales(3y)0.93%
Cap/Sales(5y)1.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24.57%
EPS 3YN/A
EPS 5Y35.91%
EPS Q2Q%-83.28%
EPS Next Y-74.16%
EPS Next 2Y-35.54%
EPS Next 3Y-25.66%
EPS Next 5Y-15.29%
Revenue 1Y (TTM)-0.32%
Revenue growth 3Y11.89%
Revenue growth 5Y5.53%
Sales Q2Q%-13.83%
Revenue Next Year-13.37%
Revenue Next 2Y-5.74%
Revenue Next 3Y-3.13%
Revenue Next 5Y-1.32%
EBIT growth 1Y-17.93%
EBIT growth 3YN/A
EBIT growth 5Y36.32%
EBIT Next Year-41.33%
EBIT Next 3Y-11.06%
EBIT Next 5Y-6.6%
FCF growth 1Y291.22%
FCF growth 3YN/A
FCF growth 5Y35.41%
OCF growth 1Y1277.89%
OCF growth 3YN/A
OCF growth 5Y17.35%