HY

Hyster Yale

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Industrials

industry

Farm & Heavy Construction Machinery

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/05/26

Business Summary

Hyster-Yale generates cash by manufacturing and selling heavy lift trucks and materials handling equipment to industrial and construction customers, monetizing both initial equipment sales and aftermarket parts and service. The business is capital-intensive, requiring scale manufacturing, dealer distribution networks, and long customer relationships to sustain repeat demand. Its moat is rooted in brand durability, installed fleet base, and service infrastructure rather than high margins or proprietary technology. Cash flow durability ultimately depends on equipment replacement cycles and disciplined cost control, as pricing power appears limited given the current -12.70% operating margin.

 


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VALUATION

P/E

-

Market Cap ($M USD)

$651

Forward P/E

37.6

PEG

-

PRICE TO SALES

0.2

PRICE TO BOOK

1.4

EV / EBITDA

34.3

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

4.00%

Annual Payout

$1.44

Payout Ratio

-

Consecutive Years of Dividend Growth

10+

5-Year Dividend Growth Rate

2.50%

Financial Health & Profitability

Earnings Per Share

-$3.40

Next Year EPS Growth Estimate

$0.97

Next Year Revenue Growth Estimate

5.30%

Return on Equity (ROE)

-12.70%

FREE CASH FLOW

Operating Margin

0.40%

Debt-to-Equity

1.4

Piotroski F-Score

3

Altman Z-Score

2.6

Return on Invested Capital (ROIC)

-3.30%

Current Ratio

1.3

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

This is a statistically cheap stock sitting on a deteriorating earnings base. A Price/Sales of 0.2 and Price/Book of 1.4 suggest deep value optics, but the Forward P/E of 37.6 combined with EPS Next Year estimated at -$3.40 signals a sharp earnings collapse ahead. The Altman Z-Score of 2.6 places the company in a gray zone—neither distressed nor safe—while a Piotroski F-Score of 3 confirms weak financial quality. The market is not mispricing growth here; it is discounting a cyclical downturn with negative forward earnings and a -12.70% operating margin.

AI Exposure / Tech Reliance

As a Farm & Heavy Construction Machinery manufacturer, the company operates in a capital-intensive, hardware-driven segment where AI integration is incremental rather than transformative. Technology upside would likely come from automation, fleet management systems, and electrification rather than pure software leverage. This industry adapts slowly, meaning tech resilience depends more on balance sheet strength and execution than breakthrough AI monetization.

The Bull Case

A deep value investor could argue the 0.2 Price/Sales ratio already prices in severe pessimism, while Institutional Ownership at 47.00% suggests serious capital still sees optionality. Debt/Equity at 0.40% is conservative, limiting balance sheet strain despite the Altman Z-Score of 2.6. The 1.4% TTM Yield and Dividend Per Share of 4.00% add income support, and Short % of Float at just 2.50% indicates limited aggressive bearish positioning. If margins normalize from the current -12.70% and ROIC recovers from -3.30%, the valuation could re-rate sharply given the small $651M market cap.

The Bear Case

The bear case is overwhelming on profitability and earnings trajectory. Operating Margin at -12.70%, ROIC at -3.30%, and a Piotroski F-Score of 3 signal operational weakness, not temporary noise. Forward P/E at 37.6 paired with EPS Next Year of -$3.40 reflects a business swinging from EPS of 34.3 to projected losses, a dramatic deterioration that destroys GARP credibility. Return on Equity at 5.30% is mediocre, the Current Ratio of 1.3 offers only modest liquidity buffer, and the ambiguous growth profile combined with negative forward earnings makes the stock vulnerable if the cycle weakens further.

Market Sentiment & Smart Money

Short Interest %

3.10%

Analyst Consensus

2.33

Average Analyst Price Target

$47.00

Institutional Ownership %

57.60%

1-Year Beta

1.5

Insider Buying % (6 Mo)

23.90%%

Distance to 52-Week High

81.80%

Distance to 52-Week Low

137.90%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.