A Business at a Glance
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NACCO INDUSTRIES INC
NC
$350M
Mkt Cap
$46.81
-0.91%
NACCO INDUSTRIES INC (NC) has a current P/E ratio of 12.1, compared to its historical median P/E of 5.8. The stock is currently considered Expensive based on its historical valuation range.
NACCO INDUSTRIES INC (NC) has a 5-year average return on invested capital (ROIC) of 7.7%. This is below average and may indicate limited pricing power.
NACCO INDUSTRIES INC (NC) has a market capitalization of $354M. It is classified as a small-cap stock.
Yes, NACCO INDUSTRIES INC (NC) pays a dividend with a trailing twelve-month yield of 2.13%. The company also returns capital through share buybacks, with a buyback yield of 0.52%.
Based on historical P/E analysis, NACCO INDUSTRIES INC (NC) appears expensive. The current P/E of 12.1 is 109% above its historical median of 5.8. The estimated fair value CAGR (P/E method) is -2.7%.
NACCO INDUSTRIES INC (NC) operates in the Bituminous Coal & Lignite Surface Mining industry, within the Materials sector.
NACCO INDUSTRIES INC (NC) reported annual revenue of $277 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. BUSINESS NACCO Industries, Inc.® (NACCO) and its wholly owned subsidiary, NACCO Natural Resources Corporation® (NACCO Natural Resources, and with NACCO collectively, the Company, we, our or us), bring natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through our robust portfolio of businesses. We operate under three reportable business segments: Utility Coal Mining, Contract Mining and Minerals and Royalties. The Utility Coal Mining segment, operated by North American Coal®, manages surface coal mines that are exclusive, long-term fuel providers for power generation companies. The Contract Mining segment, operated by North American Mining®, is a leading provider of a broad range of specialized, long-term contract mining services.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 274M | 277M | 238M | 215M | 242M | 192M |
| Net Income | 22M | 18M | 34M | -40M | 74M | 48M |
| EPS | $2.87 | $2.35 | $4.55 | $-5.29 | $10.06 | $6.69 |
| Free Cash Flow | 0 | 2.3M | -32M | 9.1M | 25M | 36M |
| ROIC | 6.1% | 4.5% | 8.5% | -9.3% | 17.9% | 17.1% |
| Gross Margin | 15.7% | 13.9% | 12.5% | 6.8% | 28.1% | 22.6% |
| Debt/Equity | 0.27 | 0.46 | 0.46 | 0.09 | 0.08 | 0.16 |
| Dividends/Share | $1.00 | $0.99 | $0.90 | $0.86 | $0.82 | $0.79 |
| Operating Income | 25M | 22M | 36M | -70M | 70M | 55M |
| Operating Margin | 9.2% | 7.9% | 15.0% | -32.7% | 29.0% | 28.9% |
| ROE | 4.9% | 4.2% | 8.6% | -9.8% | 19.0% | 14.7% |
| Shares Outstanding | 8M | 7M | 7M | 7M | 7M | 7M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 897M | 148M | 111M | 105M | 135M | 141M | 128M | 192M | 242M | 215M | 238M | 277M | 274M |
| Gross Margin | 20.6% | -7.6% | 10.9% | 16.1% | 22.1% | 22.1% | 13.2% | 22.6% | 28.1% | 6.8% | 12.5% | 13.9% | 15.7% |
| R&D | 9.6M | 9.6M | 9.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 199M | 40M | 49M | 47M | 49M | 54M | 53M | 56M | 64M | 66M | 70M | 78M | 80M |
| EBIT | -66M | -3.7M | -1.7M | 33M | 44M | 39M | 13M | 55M | 70M | -70M | 36M | 22M | 25M |
| Op. Margin | -7.4% | -2.5% | -1.5% | 31.3% | 32.2% | 27.5% | 10.5% | 28.9% | 29.0% | -32.7% | 15.0% | 7.9% | 9.2% |
| Net Income | -38M | 22M | 30M | 30M | 35M | 40M | 15M | 48M | 74M | -40M | 34M | 18M | 22M |
| Net Margin | -4.3% | 14.9% | 26.7% | 29.0% | 25.7% | 28.1% | 11.5% | 25.1% | 30.7% | -18.4% | 14.2% | 6.3% | 7.8% |
| Non-Recurring | 7.3M | 2.4M | 17M | 6.1M | 892K | 206K | 8.6M | 60K | 6.4M | 66M | 5.1M | 7.3M | 7.3M |
| Returns on Capital | |||||||||||||
| ROIC | -8.9% | 5.8% | 8.8% | 11.6% | 17.8% | 16.9% | 6.4% | 17.1% | 17.9% | -9.3% | 8.5% | 4.5% | 6.1% |
| ROE | -15.0% | 10.7% | 14.1% | 13.8% | 14.8% | 14.7% | 5.0% | 14.7% | 19.0% | -9.8% | 8.6% | 4.2% | 4.9% |
| ROA | -4.8% | 3.1% | 4.5% | 5.7% | 9.1% | 9.6% | 3.2% | 9.8% | 13.8% | -7.1% | 5.8% | 2.7% | 3.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 20M | 108M | 94M | 41M | 55M | 53M | -2.5M | 75M | 68M | 54M | 22M | 51M | 58M |
| Free Cash Flow | -38M | 104M | 84M | 26M | 34M | 28M | -33M | 36M | 25M | 9.1M | -32M | 2.3M | 0 |
| Owner Earnings | -11M | 91M | 81M | 24M | 36M | 32M | -24M | 46M | 33M | 20M | -8.2M | 17M | 27M |
| CapEx | 58M | 4.4M | 10M | 16M | 21M | 25M | 30M | 39M | 43M | 45M | 55M | 49M | 0 |
| Maint. CapEx | 28M | 17M | 13M | 13M | 15M | 16M | 18M | 23M | 27M | 29M | 25M | 25M | 24M |
| Growth CapEx | 29M | 0 | 0 | 2.9M | 6.2M | 8.4M | 12M | 16M | 16M | 16M | 30M | 23M | 0 |
| D&A | 28M | 17M | 13M | 13M | 15M | 16M | 18M | 23M | 27M | 29M | 25M | 25M | 24M |
| CapEx/OCF | 290.4% | 9.8% | 10.8% | 38.0% | 38.3% | 46.7% | N/A | 52.4% | 62.8% | 83.3% | 245.4% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 7.8M | 7.3M | 7.3M | 6.7M | 4.6M | 5.1M | 5.4M | 5.6M | 6.0M | 6.5M | 6.6M | 7.3M | 7.5M |
| Dividend Yield | 10.5% | 10.9% | 9.2% | 5.3% | 2.2% | 1.8% | 3.1% | 3.3% | 2.1% | 2.6% | 3.1% | N/A | 2.1% |
| Share Buybacks | 35M | 24M | 6.0M | 0 | 1.3M | 3.0M | 1.0M | 0 | 0 | 3.1M | 9.9M | 2.5M | 1.8M |
| Buyback Yield | 11.1% | 10.1% | 5.0% | N/A | 0.7% | 1.1% | 0.6% | N/A | N/A | 1.2% | 4.9% | 0.0% | 0.5% |
| Stock-Based Comp | 2.6M | 0 | 0 | 4.5M | 4.0M | 4.9M | 3.1M | 5.6M | 7.5M | 5.2M | 5.8M | 8.3M | 7.6M |
| Debt Repayment | 9.4M | 2.8M | 2.6M | 6.0M | 1.1M | 742K | 1.4M | 3.4M | 2.9M | 4.2M | 4.9M | 4.6M | 4.6M |
| Balance Sheet | |||||||||||||
| Net Debt | 372M | 283M | 145M | -28M | -32M | -92M | -63M | -28M | -79M | -49M | 112M | 146M | 65M |
| Cash & Equiv. | 54M | 36M | 69M | 102M | 85M | 123M | 88M | 86M | 111M | 85M | 73M | 50M | 53M |
| Long-Term Debt | 191M | 160M | 94M | 42M | 6.4M | 17M | 24M | 18M | 16M | 22M | 99M | 101M | 9.0M |
| Debt/Equity | 2.01 | 1.59 | 0.97 | 0.33 | 0.21 | 0.11 | 0.08 | 0.16 | 0.08 | 0.09 | 0.46 | 0.46 | 0.27 |
| Interest Coverage | -8.8 | -0.8 | -0.4 | 9.5 | 21.8 | 44.5 | 9.9 | 32.2 | 34.4 | -28.5 | 6.4 | 3.8 | 3.8 |
| Equity | 211M | 201M | 220M | 219M | 251M | 289M | 301M | 352M | 427M | 382M | 405M | 429M | 437M |
| Total Assets | 771M | 655M | 668M | 390M | 377M | 445M | 476M | 507M | 568M | 540M | 632M | 661M | 686M |
| Total Liabilities | 559M | 454M | 448M | 170M | 126M | 155M | 176M | 155M | 141M | 157M | 227M | 232M | 249M |
| Intangibles | 61M | 57M | 46M | 44M | 41M | 38M | 35M | 32M | 28M | 6.0M | 5.5M | 4.7M | 4.6M |
| Retained Earnings | 224M | 218M | 239M | 216M | 250M | 285M | 294M | 337M | 405M | 356M | 373M | 381M | 388M |
| Working Capital | 192M | 170M | 160M | 123M | 122M | 139M | 136M | 157M | 216M | 162M | 200M | 145M | 142M |
| Current Assets | 447M | 361M | 382M | 177M | 164M | 201M | 188M | 203M | 260M | 232M | 265M | 215M | 203M |
| Current Liabilities | 255M | 192M | 222M | 54M | 42M | 62M | 52M | 46M | 44M | 70M | 65M | 70M | 61M |
| Per Share Data | |||||||||||||
| EPS | -5.02 | 3.13 | 4.32 | 4.41 | 5.00 | 5.66 | 2.10 | 6.69 | 10.06 | -5.29 | 4.55 | 2.35 | 2.87 |
| Owner EPS | -1.43 | 12.90 | 11.80 | 3.49 | 5.17 | 4.52 | -3.36 | 6.43 | 4.53 | 2.67 | -1.11 | 2.32 | 3.53 |
| Book Value | 27.85 | 28.64 | 32.14 | 31.90 | 36.04 | 41.33 | 42.68 | 48.95 | 57.92 | 51.09 | 54.61 | 57.40 | 57.88 |
| Cash Flow/Share | 2.61 | 15.38 | 13.71 | 6.00 | 7.85 | 7.54 | -0.35 | 10.41 | 9.19 | 7.28 | 3.01 | 6.81 | 6.03 |
| Dividends/Share | 1.02 | 1.05 | 1.07 | 0.98 | 0.66 | 0.74 | 0.77 | 0.79 | 0.82 | 0.86 | 0.90 | 0.99 | 1.00 |
| Shares Out. | 7.6M | 7.0M | 6.9M | 6.9M | 7.0M | 7.0M | 7.0M | 7.2M | 7.4M | 7.5M | 7.4M | 7.5M | 7.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 10.8 | 4.0 | 7.2 | 5.5 | 6.9 | 10.9 | 4.6 | 3.3 | N/A | 6.0 | N/A | 16.3 |
| P/FCF | N/A | 0.5 | 1.4 | 8.5 | 5.7 | 9.8 | N/A | 6.2 | 9.7 | 28.7 | N/A | N/A | N/A |
| EV/EBIT | N/A | 10.9 | N/A | 4.9 | 2.6 | 3.9 | 5.6 | 2.5 | 2.0 | N/A | 3.8 | N/A | 16.5 |
| Price/Book | 1.5 | 1.2 | 0.5 | 1.0 | 0.8 | 0.9 | 0.5 | 0.6 | 0.6 | 0.7 | 0.5 | N/A | 0.8 |
| Price/Sales | 0.3 | 0.3 | 0.7 | 1.2 | 1.5 | 2.0 | 1.3 | 0.9 | 1.2 | 1.1 | 0.9 | N/A | 1.3 |
| FCF Yield | -12.0% | 43.5% | 69.9% | 11.7% | 17.5% | 10.2% | -20.3% | 16.1% | 10.3% | 3.5% | -15.9% | N/A | N/A |
| Market Cap | 315M | 238M | 120M | 218M | 192M | 275M | 161M | 221M | 244M | 261M | 203M | 0 | 354M |
| Avg. Price | 9.69 | 9.53 | 11.52 | 18.46 | 29.87 | 40.02 | 24.57 | 23.97 | 39.10 | 32.85 | 29.26 | 0.00 | 46.81 |
| Year-End Price | 10.48 | 7.96 | 17.48 | 31.75 | 27.64 | 39.26 | 22.86 | 30.75 | 33.14 | 34.83 | 27.41 | 0.00 | 46.81 |
NACCO INDUSTRIES INC passes 1 of 9 quality checks, indicating weak fundamentals.
NACCO INDUSTRIES INC trades at 12.1x trailing earnings, compared to its 15-year median P/E of 5.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 43.7x vs a median of 8.5x. The company's 5-year average ROIC is 7.7% with a gross margin of 16.8%. Total shareholder yield (dividends + buybacks) is 2.7%. At current prices, the estimated annualized return to fair value is -7.1%.
NACCO INDUSTRIES INC (NC) has a net profit margin of 6.3%. This is a modest margin.
NACCO INDUSTRIES INC (NC) generated $2 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NACCO INDUSTRIES INC (NC) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
NACCO INDUSTRIES INC (NC) reported earnings per share (EPS) of $2.35 in its most recent fiscal year.
NACCO INDUSTRIES INC (NC) has a return on equity (ROE) of 4.2%. This indicates moderate shareholder returns.
NACCO INDUSTRIES INC (NC) has a 5-year average gross margin of 16.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for NACCO INDUSTRIES INC (NC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NACCO INDUSTRIES INC (NC) has a book value per share of $57.40, based on its most recent annual SEC filing.