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. There are concerns on the financial health of HY while its profitability can be described as average. HY is valued quite cheap, but it does not seem to be growing. Finally HY also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HY was profitable.
In the past year HY had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HY reported negative net income in multiple years.
HY had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of HY (4.84%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 19.49%, HY belongs to the top of the industry, outperforming 82.81% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 12.74%, HY belongs to the top of the industry, outperforming 80.47% 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
HY has a Profit Margin of 2.39%. This is comparable to the rest of the industry: HY outperforms 40.63% of its industry peers.
HY's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 4.93%, HY is doing worse than 63.28% of the companies in the same industry.
In the last couple of years the Operating Margin of HY has grown nicely.
HY's Gross Margin of 20.12% is on the low side compared to the rest of the industry. HY is outperformed by 71.88% 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.
HY has more shares outstanding than it did 1 year ago.
The number of shares outstanding for HY has been increased compared to 5 years ago.
HY has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.12 indicates that HY is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.12, HY perfoms like the industry average, outperforming 51.56% 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.
HY has a Debt to FCF ratio (7.93) which is comparable to the rest of the industry.
HY has a Debt/Equity ratio of 0.67. This is a neutral value indicating HY is somewhat dependend on debt financing.
HY has a worse Debt to Equity ratio (0.67) than 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 7.93 | ||
| Altman-Z | 3.12 |
ROIC/WACC1.43
WACC8.93%
2.3 Liquidity
A Current Ratio of 1.38 indicates that HY should not have too much problems paying its short term obligations.
HY has a worse Current ratio (1.38) than 78.91% of its industry peers.
A Quick Ratio of 0.65 indicates that HY may have some problems paying its short term obligations.
HY has a Quick ratio of 0.65. This is amonst the worse of the industry: HY underperforms 88.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
HY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.57%.
Measured over the past years, HY shows a very strong growth in Earnings Per Share. The EPS has been growing by 35.91% on average per year.
Looking at the last year, HY shows a decrease in Revenue. The Revenue has decreased by -0.32% in the last year.
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 -10.04% yearly.
Based on estimates for the next years, HY will show a decrease in Revenue. The Revenue will decrease by -0.10% on average per year.
EPS Next Y-74.16%
EPS Next 2Y-35.54%
EPS Next 3Y-25.66%
EPS Next 5Y-10.04%
Revenue Next Year-13.37%
Revenue Next 2Y-5.74%
Revenue Next 3Y-3.13%
Revenue Next 5Y-0.1%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
HY is valuated cheaply with a Price/Earnings ratio of 6.08.
97.66% of the companies in the same industry are more expensive than HY, based on the Price/Earnings ratio.
HY is valuated cheaply when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.65, the valuation of HY can be described as reasonable.
84.38% of the companies in the same industry are more expensive than HY, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, HY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.08 | ||
| Fwd PE | 10.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HY is valued cheaply inside the industry as 98.44% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, HY is valued cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.49 | ||
| EV/EBITDA | 4.07 |
4.3 Compensation for Growth
HY's earnings are expected to decrease with -25.66% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y-35.54%
EPS Next 3Y-25.66%
5. Dividend
5.1 Amount
HY has a Yearly Dividend Yield of 3.37%.
In the last 3 months the price of HY has falen by -23.97%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
HY's Dividend Yield is rather good when compared to the industry average which is at 1.83. HY pays more dividend than 92.19% of the companies in the same industry.
HY's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
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%
39.59
-0.95 (-2.34%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners62.64%
Inst Owner Change0.75%
Ins Owners17.42%
Ins Owner Change6.82%
Market Cap700.74M
Analysts82
Price Target73.95 (86.79%)
Short Float %4.86%
Short Ratio6.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
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)0%
PT rev (3m)0%
EPS NQ rev (1m)14.42%
EPS NQ rev (3m)-68.01%
EPS NY rev (1m)34.43%
EPS NY rev (3m)-58.35%
Revenue NQ rev (1m)-3.98%
Revenue NQ rev (3m)-13.06%
Revenue NY rev (1m)-5.61%
Revenue NY rev (3m)-9.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.08 | ||
| Fwd PE | 10.65 | ||
| P/S | 0.17 | ||
| P/FCF | 11.49 | ||
| P/OCF | 6.26 | ||
| P/B | 1.37 | ||
| P/tB | 1.65 | ||
| EV/EBITDA | 4.07 |
EPS(TTM)6.51
EY16.44%
EPS(NY)3.72
Fwd EY9.39%
FCF(TTM)3.45
FCFY8.71%
OCF(TTM)6.32
OCFY15.97%
SpS235.15
BVpS28.81
TBVpS24.06
PEG (NY)N/A
PEG (5Y)0.17
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 | 3.12 |
F-Score6
WACC8.93%
ROIC/WACC1.43
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-10.04%
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-0.1%
EBIT growth 1Y-17.93%
EBIT growth 3YN/A
EBIT growth 5Y36.32%
EBIT Next Year-37.68%
EBIT Next 3Y-11.06%
EBIT Next 5Y-3.23%
FCF growth 1Y291.22%
FCF growth 3YN/A
FCF growth 5Y35.41%
OCF growth 1Y1277.89%
OCF growth 3YN/A
OCF growth 5Y17.35%