Hyster-Yale Materials Handling Inc Stock Research

Market Summary

USD47.70+2.45

Market Closed

5.41%

HY Alerts

Big jump in Earnings (Y/Y)

HY Stock Price

HY RSI Chart

HY Valuation

Market Cap

807.1M

Price/Earnings (Trailing)

-10.89

Price/Sales (Trailing)

0.23

EV/EBITDA

107.99

Price/Free Cashflow

68.4

HY Price/Sales (Trailing)

HY Profitability

EBT Margin

-1.76%

Return on Equity

-36.25%

Return on Assets

-3.66%

Free Cashflow Yield

1.46%

HY Fundamentals

HY Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

18.74%

Revenue Q/Q

17.27%

HY Earnings

Earnings (TTM)

-74.1M

Earnings Y/Y

107.36%

Earnings Q/Q

120.38%

Price Action

52 Week Range

20.5548.80

(Low)(High)

Last 7 days

7.4%

Last 30 days

51.3%

Last 90 days

87.5%

Trailing 12 Months

39.7%

HY Financial Health

Current Ratio

1.09

Debt/Equity

1.31

Debt/Cashflow

0.15

HY Investor Care

Dividend Yield

2.7%

Dividend/Share (TTM)

1.29

Shares Dilution (1Y)

0.59%

Diluted EPS (TTM)

-4.38

Peers (Alternatives to Hyster-Yale Materials Handling)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DE	117.0B	55.7B	-5.85%	-9.39%	14.29	2.1	25.13%	45.08%
CMI	32.0B	28.1B	-7.03%	11.16%	14.67	1.14	16.87%	0.88%
DOV	20.3B	8.5B	-3.47%	-8.46%	19.1	2.39	7.60%	-5.20%
TTC	11.4B	4.7B	-1.35%	27.66%	25.76	2.41	17.70%	8.16%
MID-CAP
LECO	9.4B	3.8B	-2.19%	21.49%	19.8	2.49	16.30%	70.81%
PNR	8.7B	4.1B	-4.85%	-3.63%	18.04	2.1	9.48%	-13.04%
JBT	3.3B	2.2B	-3.25%	-9.20%	25.49	1.54	15.93%	10.39%
SPXC	3.2B	1.5B	20.33%	38.99%	16.0K	2.2	19.79%	-99.95%
TEX	3.1B	4.4B	-20.55%	24.06%	10.48	0.71	13.66%	35.81%
KMT	2.1B	2.0B	-6.96%	-10.33%	16.56	1.03	3.22%	2.22%
SMALL-CAP
CMCO	1.0B	935.8M	-2.79%	-22.96%	21.97	1.09	11.48%	69.08%
HY	807.1M	3.5B	51.31%	39.73%	-10.89	0.23	15.37%	57.17%
MTW	576.4M	2.0B	-9.23%	4.85%	-4.66	0.28	18.15%	-1223.64%
CVR	29.4M	34.5M	5.40%	7.50%	6.9	0.85	0.14%	184.75%
ARTW	9.7M	28.4M	-10.91%	-67.39%	41.49	0.36	13.76%	-54.01%

Financials for Hyster-Yale Materials Handling

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.6%	3,548,300,000	3,392,800,000	3,300,900,000	3,171,100,000	3,075,700,000
Gross Profit	23.7%	433,900,000	350,700,000	328,900,000	346,200,000	363,400,000
Operating Expenses	-8.3%	473,000,000	515,700,000	-	-	-
S&GA Expenses	4.9%	473,000,000	451,000,000	458,600,000	454,300,000	450,100,000
EBITDA	108.2%	9,400,000	-114,300,000	-157,600,000	-121,300,000	-93,200,000
EBITDA Margin	107.9%	0.00	-0.03	-0.04	-0.04	-0.03
Earnings Before Taxes	65.8%	-62,400,000	-182,500,000	-206,400,000	-184,700,000	-154,900,000
EBT Margin	67.3%	-0.02	-0.05	-0.06	-0.06	-0.05
Interest Expenses	19.8%	28,400,000	23,700,000	20,100,000	17,800,000	15,500,000
Net Income	59.9%	-74,100,000	-185,000,000	-224,900,000	-203,600,000	-173,000,000
Net Income Margin	61.7%	-0.02	-0.05	-0.07	-0.06	-0.06
Free Cahsflow	119.1%	11,800,000	-61,900,000	-194,100,000	-193,600,000	-297,800,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.8%	2,026	1,933	2,053	2,057	1,970
Current Assets	6.0%	1,459	1,376	1,470	1,446	1,350
Cash Equivalents	-14.0%	59.00	69.00	76.00	65.00	66.00
Inventory	2.6%	800	779	790	826	781
Net PPE	2.6%	310	302	319	330	331
Goodwill	4.7%	51.00	49.00	52.00	55.00	57.00
Liabilities	0.2%	1,801	1,798	1,829	1,706	1,587
Current Liabilities	2.7%	1,343	1,307	1,329	1,233	1,105
Long Term Debt	-2.1%	267	273	280	259	262
LT Debt, Non Current	-	262	-	-	-	-
Shareholder's Equity	79.3%	204	114	200	352	357
Retained Earnings	1.5%	153	151	193	218	249
Additional Paid-In Capital	0.9%	298	295	291	312	315
Shares Outstanding	0.1%	17.00	17.00	17.00	-	-
Minority Interest	-13.3%	7.00	8.00	8.00	27.00	26.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	248.2%	41.00	-27.40	-152	-147	-253
Share Based Compensation	52.4%	6.00	4.00	3.00	2.00	4.00
Cashflow From Investing	14.9%	-35.40	-41.60	-48.20	-43.30	-24.50
Cashflow From Financing	-114.2%	-10.90	77.00	190	151	194
Dividend Payments	0%	22.00	22.00	22.00	22.00	22.00

Risks for HY

What is the probability of a big loss on HY?

95.4%

Probability that Hyster-Yale Materials Handling stock will be more than 20% underwater in next one year

81.5%

Probability that Hyster-Yale Materials Handling stock will be more than 30% underwater in next one year.

64.2%

Probability that Hyster-Yale Materials Handling stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hyster-Yale Materials Handling was unfortunately bought at previous high price.

Drawdowns

Returns for HY

Cumulative Returns on HY

0.4%

10-Year Cumulative Returns

-2.0%

7-Year Cumulative Returns

-4.9%

5-Year Cumulative Returns

9.7%

3-Year Cumulative Returns

What are the long-term rolling returns for HY?

FIve years rolling returns for Hyster-Yale Materials Handling.

Annualized Returns

Which funds bought or sold HY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	unchanged	-	22,066	146,975	-%
2023-02-15	Altshuler Shaham Ltd	reduced	-13.75	-2,579	38,421	-%
2023-02-15	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-15.99	-3,000	304,000	-%
2023-02-15	GAMCO INVESTORS, INC. ET AL	reduced	-8.42	1,775,350	24,642,300	0.26%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	2,793	17,793	-%
2023-02-15	State of Wyoming	new	-	51,759	51,759	0.02%
2023-02-14	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	0.99	49,313	311,313	-%
2023-02-14	Aquatic Capital Management LLC	reduced	-46.15	-21,000	35,000	-%
2023-02-14	MORGAN STANLEY	added	6.23	316,577	1,582,580	-%
2023-02-14	Ancora Advisors, LLC	unchanged	-	-	-	-%

Latest Funds Activity

Are funds buying HY calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HY

No. of Funds

HY Alerts

Big jump in Earnings (Y/Y)

Hyster-Yale Materials Handling News

Schedule 13G FIlings of Hyster-Yale Materials Handling

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	rankin alfred m et al	-	0	SC 13D/A
Feb 14, 2023	rankin alfred m et al	-	0	SC 13D/A
Feb 14, 2023	rankin alfred m et al	-	0	SC 13D/A
Feb 14, 2023	abigail llc	7.36%	967,833	SC 13D/A
Feb 14, 2023	rankin alfred m et al	-	0	SC 13D/A
Feb 14, 2023	rankin alfred m et al	-	0	SC 13D/A
Feb 14, 2023	rankin alfred m et al	-	0	SC 13D/A
Feb 14, 2023	rankin alfred m et al	0%	0	SC 13D/A
Feb 10, 2023	dimensional fund advisors lp	4.9%	638,307	SC 13G/A
Feb 09, 2023	vanguard group inc	6.48%	851,526	SC 13G/A

HY Fair Value

Hyster-Yale Materials Handling fair value in different scenarios

The table shows the Fair Value estimates for Hyster-Yale Materials Handling for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	4.80 -89.94%	12.25 -74.32%	19.94 -58.20%	40.89 -14.28%
Current Inflation	29.41 -38.34%	36.84 -22.77%	55.35 16.04%	74.96 57.15%	89.32 87.25%
Very High Inflation	- -	3.92 -91.78%	10.26 -78.49%	15.38 -67.76%	30.66 -35.72%

Historical Hyster-Yale Materials Handling Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Hyster-Yale Materials Handling

View All Filings

Date Filed	Form Type	Document
Mar 09, 2023	4/A	Insider Trading
Mar 06, 2023	4	Insider Trading
Feb 28, 2023	8-K	Current Report
Feb 27, 2023	10-K	Annual Report
Feb 27, 2023	8-K	Current Report
Feb 27, 2023	8-K	Current Report
Feb 14, 2023	SC 13D/A	13D - Major Acquisition
Feb 14, 2023	SC 13D/A	13D - Major Acquisition
Feb 14, 2023	SC 13D/A	13D - Major Acquisition
Feb 14, 2023	SC 13D/A	13D - Major Acquisition

Latest Insider Trading transactions for HY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-03	KELLY MARTHA S	sold	-68,580	45.72	-1,500	-
2023-02-09	SCHILLING KENNETH C	acquired	-	-	6,397	senior vice president and cfo
2023-02-09	Minder Scott	acquired	-	-	2,706	svp & chief financial officer
2023-02-09	Taylor Jon C	acquired	-	-	2,927	officer of a subsidiary
2023-02-09	Karas Stephen J	sold (taxes)	-17,683	31.243	-566	officer of a subsidiary
2023-02-09	Karas Stephen J	acquired	-	-	3,632	officer of a subsidiary
2023-02-09	Salgado Anthony J	acquired	-	-	13,030	officer of subsidiary
2023-02-09	Breier Gregory	acquired	-	-	1,826	vice president-tax
2023-02-09	Ulmer Raymond	acquired	-	-	1,947	-
2023-02-09	Somayajula Gopichand	acquired	-	-	4,439	executive officer

About Hyster-Yale Materials Handling

Alfred M. Rankin

www.hyster-yale.com

8100

Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, the company produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, it designs, manufactures, and sells hydrogen fuel-cell stacks and engines. The company serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.

HY Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues	$ 3,548,300,000	$ 3,075,700,000	$ 2,812,100,000
Cost of Goods and Services Sold	3,114,400,000	2,712,300,000	2,346,700,000
Gross Profit	433,900,000	363,400,000	465,400,000
Selling, general and administrative expenses	473,000,000.0	450,100,000	415,500,000
Asset Impairment Charges	0	65,600,000	0
Operating Expenses	473,000,000.0	515,700,000	415,500,000
Operating Profit	(39,100,000)	(152,300,000)	49,900,000
Interest Expense	28,400,000	15,500,000	13,700,000
Income from unconsolidated affiliates	(11,000,000.0)	(11,700,000)	(6,600,000)
Other, net	5,900,000	(1,200,000)	600,000
Other (Income) Expense	23,300,000	2,600,000	7,700,000
Income Before Income Taxes	(62,400,000)	(154,900,000)	42,200,000
Income tax provision	9,200,000	28,300,000	3,700,000
Net Income	(71,600,000)	(183,200,000)	38,500,000
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	1,500,000	(10,200,000)	1,400,000
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(500,000)	0	0
Accrued dividend to redeemable noncontrolling interests	(500,000)	0	0
Net income attributable to stockholders	$ (74,100,000)	$ (173,000,000.0)	$ 37,100,000
Basic Earnings per Share Attributable to Stockholders:
Basic Earnings per Share	$ (4.38)	$ (10.29)	$ 2.21
Diluted Earnings per Share Attributable to Stockholders
Diluted earnings per share	$ (4.38)	$ (10.29)	$ 2.21

HY Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Cash	$ 59.0	$ 65.5
Accounts receivable, net	523.6	457.4
Inventories, net	799.5	781.0
Prepaid expenses and other	76.6	46.1
Total Current Assets	1,458.7	1,350.0
Property, Plant and Equipment, Net	310.0	330.5
Intangible Assets	42.7	50.7
Goodwill	51.3	56.5
Deferred Income Tax Assets, Net	2.6	3.7
Investment in Unconsolidated Affiliates	59.4	71.7
Other Non-current Assets	101.5	107.0
Total Assets	$ 2,026.2	$ 1,970.1
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Non-current Assets	Other Non-current Assets
Operating Lease, Right-of-Use Asset	$ 57.2	$ 68.8
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Finance Lease, Right-of-Use Asset	$ 37.0	$ 28.2
Total Right of Use Asset	$ 94.2	$ 97.0
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Operating Lease, Liability, Current	$ 14.4	$ 16.5
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of borrowings outstanding	Current portion of borrowings outstanding
Finance Lease, Liability, Current	$ 12.8	$ 10.2
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Long-term Liabilities	Other Long-term Liabilities
Operating Lease, Liability, Noncurrent	$ 45.9	$ 56.3
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term portion of borrowings outstanding	Long-term portion of borrowings outstanding
Finance Lease, Liability, Noncurrent	$ 16.8	$ 18.0
Total Lease Liability	89.9	101.0
Accounts payable	585.8	517.0
Accounts payable, affiliates	21.6	24.4
Revolving credit facilities	137.1	165.3
Current portion of borrowings outstanding	148.8	91.5
Accrued payroll	64.4	57.1
Deferred revenue	139.8	49.7
Other current liabilities	245.4	199.6
Long-term portion of borrowings outstanding	267.0	261.7
Total Current Liabilities	1,342.9	1,104.6
Long-term Debt		261.7
Self-insurance Liabilities	33.5	33.5
Pension Obligations	6.2	6.2
Deferred Income Taxes	13.4	12.7
Other Long-term Liabilities	138.1	168.5
Total Liabilities	1,801.1	1,587.2
Capital in excess of par value	297.7	315.1
Treasury stock	0.0	(4.5)
Retained earnings	152.7	248.6
Accumulated other comprehensive loss	(246.2)	(202.3)
Total Stockholders' Equity	204.4	357.1
Noncontrolling Interest	6.5	25.8
Total Equity	210.9	382.9
Total Liabilities and Equity	2,026.2	1,970.1
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 14.2	$ 0.0
Common Class A [Member]
Common Stock, Shares, Outstanding	13,154,918	12,994,106
Common Stock, Par or Stated Value Per Share	$ 0.01
Common stock	$ 0.1	$ 0.1
Common Class B [Member]
Common Stock, Shares, Outstanding	3,783,597	3,832,794
Common Stock, Par or Stated Value Per Share	$ 0.01
Common stock	$ 0.1	$ 0.1