A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
HYSTER-YALE, INC.
HY
$585M
Mkt Cap
$33.10
-0.15%
HYSTER-YALE, INC. (HY) has a 5-year average return on invested capital (ROIC) of -1.7%. This is below average and may indicate limited pricing power.
HYSTER-YALE, INC. (HY) has a market capitalization of $590M. It is classified as a small-cap stock.
Yes, HYSTER-YALE, INC. (HY) pays a dividend with a trailing twelve-month yield of 4.34%. The company also returns capital through share buybacks, with a buyback yield of 0.12%.
HYSTER-YALE, INC. (HY) operates in the Industrial Trucks, Tractors, Trailors & Stackers industry, within the Industrials sector.
HYSTER-YALE, INC. (HY) reported annual revenue of $3.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
HYSTER-YALE, INC. (HY) has a net profit margin of -1.6%. The company is currently unprofitable.
HYSTER-YALE, INC. (HY) generated $24 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Item 1. BUSINESS Hyster-Yale, Inc. ("Hyster-Yale" or the "Company") and its subsidiaries, including its operating companies, Hyster-Yale Materials Handling, Inc. ("HYMH") and Bolzoni S.p.A. ("Bolzoni"), is a globally integrated company offering a full line of high-quality, application-tailored lift trucks and solutions aimed at meeting the specific materials handling needs of its customers. The Company's solutions include attachments, parts, fleet management services, technology and energy solutions. The Company is headquartered in Cleveland, Ohio. Through HYMH, the Company designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments, parts, fleet management services, technology and energy solutions marketed globally, primarily under the Hyster®, Yale® and Nuvera® brand names, mainly to independent Hyster® and Yale® retail dealerships. The Company owns a 90% majority interest in Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.7B | 3.8B | 4.3B | 4.1B | 3.5B | 3.1B |
| Net Income | -99M | -60M | 142M | 126M | -74M | -173M |
| EPS | $-5.60 | $-3.40 | $8.04 | $7.24 | $-4.38 | $-10.29 |
| Free Cash Flow | 28M | 24M | 123M | 115M | 12M | -298M |
| ROIC | -7.6% | -8.3% | 18.7% | 18.7% | -13.6% | -24.0% |
| Gross Margin | 15.9% | 16.8% | 20.8% | 19.1% | 12.2% | 11.8% |
| Debt/Equity | 0.93 | 1.36 | 1.14 | 1.47 | 3.00 | 1.66 |
| Dividends/Share | $1.44 | $1.43 | $1.38 | $1.30 | $1.29 | $1.29 |
| Operating Income | -71M | -22M | 245M | 209M | -39M | -152M |
| Operating Margin | -2.0% | -0.6% | 5.7% | 5.1% | -1.1% | -5.0% |
| ROE | -23.1% | -12.7% | 32.9% | 42.4% | -26.4% | -35.5% |
| Shares Outstanding | 18M | 18M | 18M | 17M | 17M | 17M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.8B | 2.6B | 2.6B | 2.9B | 3.2B | 3.3B | 2.8B | 3.1B | 3.5B | 4.1B | 4.3B | 3.8B | 3.7B |
| Gross Margin | 16.2% | 16.7% | 16.6% | 17.4% | 15.6% | 16.5% | 16.5% | 11.8% | 12.2% | 19.1% | 20.8% | 16.8% | 15.9% |
| R&D | 71M | 88M | 107M | 105M | 111M | 115M | 101M | 108M | 101M | 120M | 136M | 137M | 137M |
| SG&A | 317M | 327M | 395M | 429M | 458M | 488M | 416M | 450M | 473M | 577M | 628M | 617M | 612M |
| EBIT | 149M | 104M | 33M | 74M | 39M | 54M | 50M | -152M | -39M | 209M | 245M | -22M | -71M |
| Op. Margin | 5.4% | 4.0% | 1.3% | 2.6% | 1.2% | 1.6% | 1.8% | -5.0% | -1.1% | 5.1% | 5.7% | -0.6% | -2.0% |
| Net Income | 110M | 75M | 43M | 49M | 35M | 36M | 37M | -173M | -74M | 126M | 142M | -60M | -99M |
| Net Margin | 4.0% | 2.9% | 1.7% | 1.7% | 1.1% | 1.1% | 1.3% | -5.6% | -2.1% | 3.1% | 3.3% | -1.6% | -2.7% |
| Non-Recurring | 18M | 0 | 1.9M | 5.2M | 1.2M | -100K | 5.9M | 56M | 200K | 0 | 29M | 45M | 40M |
| Returns on Capital | |||||||||||||
| ROIC | 40.3% | 20.3% | 6.4% | 6.8% | 5.3% | 5.2% | 5.7% | -24.0% | -13.6% | 18.7% | 18.7% | -8.3% | -7.6% |
| ROE | 24.3% | 16.3% | 9.3% | 9.4% | 6.4% | 6.7% | 6.4% | -35.5% | -26.4% | 42.4% | 32.9% | -12.7% | -23.1% |
| ROA | 9.6% | 6.7% | 3.6% | 3.3% | 2.0% | 2.0% | 2.0% | -9.0% | -3.7% | 6.1% | 6.9% | -3.0% | -5.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 100M | 89M | -49M | 165M | 68M | 77M | 167M | -254M | 41M | 151M | 171M | 86M | 90M |
| Free Cash Flow | 52M | 43M | -92M | 124M | 29M | 27M | 115M | -298M | 12M | 115M | 123M | 24M | 28M |
| Owner Earnings | 64M | 58M | -93M | 113M | 18M | 25M | 123M | -304M | -9.2M | 76M | 99M | 33M | 35M |
| CapEx | 49M | 47M | 43M | 41M | 39M | 50M | 52M | 44M | 29M | 35M | 48M | 63M | 62M |
| Maint. CapEx | 30M | 29M | 39M | 43M | 44M | 43M | 43M | 46M | 43M | 45M | 48M | 46M | 46M |
| Growth CapEx | 19M | 18M | 3.6M | 0 | 0 | 6.4M | 8.8M | 0 | 0 | 0 | 200K | 17M | 16M |
| D&A | 30M | 29M | 39M | 43M | 44M | 43M | 43M | 46M | 43M | 45M | 48M | 46M | 46M |
| CapEx/OCF | 48.5% | 52.1% | N/A | 24.9% | 57.4% | 64.8% | 31.0% | N/A | 70.9% | 23.5% | 28.0% | 72.6% | 68.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 18M | 18M | 19M | 20M | 20M | 21M | 21M | 22M | 22M | 22M | 24M | 25M | 26M |
| Dividend Yield | 1.7% | 2.3% | 2.6% | 2.2% | 2.2% | 2.6% | 3.4% | 2.2% | 4.4% | 3.1% | 2.2% | 3.7% | 4.3% |
| Share Buybacks | 48M | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14M | 4.5M | 700K |
| Buyback Yield | 5.2% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.7% | 0.8% | 0.1% |
| Stock-Based Comp | 6.0M | 2.9M | 4.9M | 8.8M | 5.7M | 8.2M | 1.3M | 4.0M | 6.4M | 29M | 24M | 7.5M | 8.4M |
| Debt Repayment | 37M | 35M | 57M | 76M | 144M | 92M | 84M | 62M | 98M | 161M | 199M | 171M | 171M |
| Balance Sheet | |||||||||||||
| Net Debt | -80M | -102M | 205M | 71M | 218M | 303M | 213M | 526M | 554M | 493M | 445M | 519M | 317M |
| Cash & Equiv. | 111M | 155M | 43M | 220M | 84M | 65M | 151M | 66M | 59M | 79M | 97M | 123M | 82M |
| Long-Term Debt | 12M | 20M | 82M | 216M | 210M | 205M | 206M | 262M | 267M | 241M | 242M | 252M | 251M |
| Debt/Equity | 0.07 | 0.12 | 0.54 | 0.51 | 0.57 | 0.67 | 0.59 | 1.66 | 3.00 | 1.47 | 1.14 | 1.36 | 0.93 |
| Interest Coverage | 38.2 | 22.0 | 4.9 | 5.1 | 2.4 | 2.7 | 3.6 | -9.8 | -1.4 | 5.6 | 7.2 | -0.7 | -0.7 |
| Equity | 455M | 461M | 464M | 566M | 527M | 544M | 617M | 357M | 204M | 390M | 475M | 472M | 430M |
| Total Assets | 1.1B | 1.1B | 1.3B | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.0B | 2.1B | 2.0B | 2.0B | 2.0B |
| Total Liabilities | 665M | 633M | 817M | 1.1B | 1.2B | 1.3B | 1.2B | 1.6B | 1.8B | 1.7B | 1.5B | 1.5B | 1.5B |
| Intangibles | 4.1M | 3.6M | 56M | 56M | 68M | 60M | 59M | 51M | 43M | 39M | 33M | 32M | 31M |
| Retained Earnings | 280M | 337M | 360M | 389M | 407M | 427M | 443M | 249M | 153M | 256M | 375M | 289M | 252M |
| Working Capital | 293M | 314M | 234M | 439M | 355M | 339M | 374M | 245M | 116M | 272M | 375M | 345M | 312M |
| Current Assets | 846M | 819M | 810M | 1.1B | 1.1B | 1.2B | 1.1B | 1.4B | 1.5B | 1.5B | 1.4B | 1.3B | 1.3B |
| Current Liabilities | 553M | 505M | 577M | 692M | 776M | 817M | 756M | 1.1B | 1.3B | 1.2B | 1.1B | 1.0B | 993M |
| Per Share Data | |||||||||||||
| EPS | 6.58 | 4.57 | 2.61 | 2.94 | 2.09 | 2.14 | 2.21 | -10.29 | -4.38 | 7.24 | 8.04 | -3.40 | -5.60 |
| Owner EPS | 3.85 | 3.52 | -5.67 | 6.84 | 1.08 | 1.51 | 7.31 | -18.06 | -0.54 | 4.39 | 5.62 | 1.86 | 1.97 |
| Book Value | 27.24 | 28.19 | 28.28 | 34.21 | 31.77 | 32.54 | 36.75 | 21.24 | 12.08 | 22.42 | 26.84 | 26.70 | 24.13 |
| Cash Flow/Share | 5.99 | 5.47 | -2.98 | 9.96 | 4.07 | 4.58 | 9.94 | -15.08 | 2.40 | 8.67 | 9.64 | 4.87 | -2.98 |
| Dividends/Share | 1.08 | 1.13 | 1.17 | 1.20 | 1.23 | 1.26 | 1.27 | 1.29 | 1.29 | 1.30 | 1.38 | 1.43 | 1.44 |
| Shares Out. | 16.7M | 16.3M | 16.4M | 16.5M | 16.6M | 16.7M | 16.8M | 16.8M | 16.9M | 17.4M | 17.7M | 17.7M | 17.8M |
| Valuation | |||||||||||||
| P/E Ratio | 8.4 | 8.9 | 19.4 | 23.4 | 23.9 | 22.6 | 23.0 | N/A | N/A | 8.1 | 6.0 | N/A | -5.9 |
| P/FCF | 18.0 | 15.5 | N/A | 9.2 | 28.8 | 30.0 | 7.4 | N/A | 32.0 | 8.8 | 6.9 | 23.0 | 21.1 |
| EV/EBIT | 5.1 | 5.4 | 27.4 | 13.0 | 24.8 | 17.9 | 17.0 | N/A | N/A | 6.1 | 4.3 | N/A | N/A |
| Price/Book | 2.0 | 1.4 | 1.8 | 2.0 | 1.6 | 1.5 | 1.4 | 1.7 | 1.8 | 2.6 | 1.8 | 1.2 | 1.4 |
| Price/Sales | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| FCF Yield | 5.6% | 6.5% | -11.0% | 10.9% | 3.5% | 3.3% | 13.5% | -50.4% | 3.1% | 11.3% | 14.5% | 4.3% | 4.7% |
| Market Cap | 927M | 662M | 832M | 1.1B | 829M | 809M | 854M | 591M | 378M | 1.0B | 847M | 543M | 590M |
| Avg. Price | 63.31 | 49.72 | 45.89 | 55.35 | 54.92 | 47.88 | 37.16 | 57.83 | 29.40 | 41.52 | 60.40 | 39.13 | 33.10 |
| Year-End Price | 55.54 | 40.52 | 50.72 | 68.83 | 49.95 | 48.35 | 50.88 | 35.14 | 22.33 | 58.44 | 47.88 | 30.71 | 33.10 |
HYSTER-YALE, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 20.3x vs a median of 16.1x. The company's 5-year average gross margin is 16.1%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +13.2%.
HYSTER-YALE, INC. (HY) has a debt-to-equity ratio of 1.36. This indicates moderate leverage.
HYSTER-YALE, INC. (HY) reported earnings per share (EPS) of $-3.40 in its most recent fiscal year.
HYSTER-YALE, INC. (HY) has a return on equity (ROE) of -12.7%. A negative ROE may indicate losses or negative equity.
HYSTER-YALE, INC. (HY) has a 5-year average gross margin of 16.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for HYSTER-YALE, INC. (HY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HYSTER-YALE, INC. (HY) has a book value per share of $26.70, based on its most recent annual SEC filing.