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Hyster-Yale Materials Handling

NYSE:HY
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HY
NYSE
$638M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Hyster-Yale Materials Handling has significant price volatility in the past 3 months.
HY Share Price and Events
7 Day Returns
1.3%
NYSE:HY
10.2%
US Machinery
8%
US Market
1 Year Returns
-43%
NYSE:HY
-17%
US Machinery
-8.1%
US Market
HY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hyster-Yale Materials Handling (HY) 1.3% -4.7% -36.3% -43% -29.6% -49.2%
US Machinery 10.2% -4.2% -23.8% -17% 1.6% 12.8%
US Market 8% -4.5% -17.8% -8.1% 13.2% 23.7%
1 Year Return vs Industry and Market
  • HY underperformed the Machinery industry which returned -17% over the past year.
  • HY underperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
HY
Industry
5yr Volatility vs Market

HY Value

 Is Hyster-Yale Materials Handling undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hyster-Yale Materials Handling to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hyster-Yale Materials Handling.

NYSE:HY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.270000
Payout Ratio Company Filings (2019-12-31) 5780.3%
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 21%) (57.89%))
1.31
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.31 * 5.44%)
8.86%

Discounted Cash Flow Calculation for NYSE:HY using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Hyster-Yale Materials Handling is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NYSE:HY Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.27 / (8.86% - 1.74%)
$17.82
NYSE:HY Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.82
Current discount Discount to share price of $38.02
= -1 x ($38.02 - $17.82) / $17.82
-113.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hyster-Yale Materials Handling is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hyster-Yale Materials Handling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hyster-Yale Materials Handling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.15
NYSE:HY Share Price ** NYSE (2020-04-08) in USD $38.02
United States of America Machinery Industry PE Ratio Median Figure of 97 Publicly-Listed Machinery Companies 15.55x
United States of America Market PE Ratio Median Figure of 2,949 Publicly-Listed Companies 13.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hyster-Yale Materials Handling.

NYSE:HY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HY Share Price ÷ EPS (both in USD)

= 38.02 ÷ 2.15

17.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hyster-Yale Materials Handling is overvalued based on earnings compared to the US Machinery industry average.
  • Hyster-Yale Materials Handling is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hyster-Yale Materials Handling's expected growth come at a high price?
Raw Data
NYSE:HY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 82 Publicly-Listed Machinery Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,009 Publicly-Listed Companies 0.9x

*Line of best fit is calculated by linear regression .

NYSE:HY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.68x ÷ 10.9%

1.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hyster-Yale Materials Handling is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hyster-Yale Materials Handling's assets?
Raw Data
NYSE:HY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $32.66
NYSE:HY Share Price * NYSE (2020-04-08) in USD $38.02
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 1.63x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.29x
NYSE:HY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HY Share Price ÷ Book Value per Share (both in USD)

= 38.02 ÷ 32.66

1.16x

* Primary Listing of Hyster-Yale Materials Handling.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hyster-Yale Materials Handling is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Hyster-Yale Materials Handling's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Hyster-Yale Materials Handling has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HY Future Performance

 How is Hyster-Yale Materials Handling expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hyster-Yale Materials Handling expected to grow at an attractive rate?
  • Hyster-Yale Materials Handling's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Hyster-Yale Materials Handling's earnings growth is positive but not above the United States of America market average.
  • Hyster-Yale Materials Handling's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HY Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.9%
NYSE:HY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.8%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,409 79 42 1
2020-12-31 3,243 103 6 1
2020-04-09
NYSE:HY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,292 77 36
2019-09-30 3,293 -42 31
2019-06-30 3,311 -55 34
2019-03-31 3,221 17 23
2018-12-31 3,179 68 35
2018-09-30 3,134 100 34
2018-06-30 3,041 76 35
2018-03-31 2,961 91 45
2017-12-31 2,885 165 49
2017-09-30 2,780 86 63
2017-06-30 2,719 114 59
2017-03-31 2,679 71 51

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hyster-Yale Materials Handling's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Hyster-Yale Materials Handling's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Hyster-Yale Materials Handling Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.49 2.49 2.49 1.00
2020-12-31 0.34 0.34 0.34 1.00
2020-04-09
NYSE:HY Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.15
2019-09-30 1.88
2019-06-30 2.04
2019-03-31 1.40
2018-12-31 2.10
2018-09-30 2.03
2018-06-30 2.10
2018-03-31 2.76
2017-12-31 2.95
2017-09-30 3.85
2017-06-30 3.60
2017-03-31 3.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hyster-Yale Materials Handling is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hyster-Yale Materials Handling's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hyster-Yale Materials Handling has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HY Past Performance

  How has Hyster-Yale Materials Handling performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hyster-Yale Materials Handling's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hyster-Yale Materials Handling's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hyster-Yale Materials Handling's 1-year earnings growth exceeds its 5-year average (3.2% vs -25.6%)
  • Hyster-Yale Materials Handling's earnings growth has exceeded the US Machinery industry average in the past year (3.2% vs -0.9%).
Earnings and Revenue History
Hyster-Yale Materials Handling's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hyster-Yale Materials Handling Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,291.80 35.80 491.50
2019-09-30 3,293.10 31.20 482.90
2019-06-30 3,311.00 33.80 472.40
2019-03-31 3,220.70 23.20 468.50
2018-12-31 3,179.10 34.70 461.80
2018-09-30 3,133.80 33.50 444.50
2018-06-30 3,041.00 34.60 441.90
2018-03-31 2,960.60 45.40 434.20
2017-12-31 2,885.20 48.60 427.80
2017-09-30 2,780.30 63.20 415.60
2017-06-30 2,718.50 59.00 413.00
2017-03-31 2,678.60 50.90 406.20
2016-12-31 2,569.70 42.80 390.70
2016-09-30 2,524.10 47.80 369.20
2016-06-30 2,546.90 56.40 348.10
2016-03-31 2,560.00 70.80 334.50
2015-12-31 2,578.10 74.70 327.30
2015-09-30 2,643.80 83.90 327.10
2015-06-30 2,687.50 91.40 324.50
2015-03-31 2,713.50 101.60 318.50
2014-12-31 2,767.20 109.80 316.70
2014-09-30 2,774.40 109.10 323.50
2014-06-30 2,722.50 104.20 328.70
2014-03-31 2,697.40 107.50 329.80
2013-12-31 2,666.30 110.00 326.80
2013-09-30 2,600.40 116.70 314.10
2013-06-30 2,542.10 118.10 305.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hyster-Yale Materials Handling has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hyster-Yale Materials Handling used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Hyster-Yale Materials Handling's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hyster-Yale Materials Handling's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hyster-Yale Materials Handling has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HY Health

 How is Hyster-Yale Materials Handling's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hyster-Yale Materials Handling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hyster-Yale Materials Handling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hyster-Yale Materials Handling's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hyster-Yale Materials Handling's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hyster-Yale Materials Handling Company Filings, last reported 3 months ago.

NYSE:HY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 577.00 268.10 64.60
2019-09-30 542.50 332.00 62.80
2019-06-30 570.10 357.00 50.30
2019-03-31 551.40 292.60 56.10
2018-12-31 559.50 284.20 84.30
2018-09-30 589.70 296.50 122.80
2018-06-30 589.90 273.10 153.30
2018-03-31 608.00 283.50 228.90
2017-12-31 572.40 290.90 220.50
2017-09-30 557.70 295.00 238.20
2017-06-30 530.20 300.60 239.90
2017-03-31 498.30 143.40 65.30
2016-12-31 470.40 211.70 43.20
2016-09-30 513.00 153.40 84.80
2016-06-30 501.40 151.90 51.50
2016-03-31 495.90 64.50 138.50
2015-12-31 462.70 53.70 155.10
2015-09-30 458.40 48.40 114.60
2015-06-30 457.90 54.70 99.10
2015-03-31 422.00 36.10 91.50
2014-12-31 456.00 32.50 111.40
2014-09-30 472.50 25.10 97.90
2014-06-30 498.50 26.80 98.60
2014-03-31 471.70 21.60 107.30
2013-12-31 450.90 58.20 175.70
2013-09-30 416.20 121.80 184.70
2013-06-30 383.50 134.80 162.70
  • Hyster-Yale Materials Handling's level of debt (46.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.7% vs 46.5% today).
  • Debt is well covered by operating cash flow (28.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hyster-Yale Materials Handling's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hyster-Yale Materials Handling has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HY Dividends

 What is Hyster-Yale Materials Handling's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.34%
Current annual income from Hyster-Yale Materials Handling dividends.
If you bought $2,000 of Hyster-Yale Materials Handling shares you are expected to receive $67 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hyster-Yale Materials Handling's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.89%).
  • Hyster-Yale Materials Handling's dividend is below the markets top 25% of dividend payers in United States of America (5.26%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-09
NYSE:HY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-19 1.270 3.097
2019-11-13 1.270 2.177
2019-08-07 1.270 2.355
2019-05-17 1.270 2.468
2019-02-19 1.240 1.968
2018-11-14 1.240 1.893
2018-08-08 1.240 1.994
2018-05-09 1.240 1.876
2018-02-06 1.210 1.652
2017-11-09 1.210 1.430
2017-08-09 1.210 1.629
2017-05-04 1.210 1.681
2017-02-09 1.180 2.001
2016-11-16 1.180 1.848
2016-08-09 1.180 2.151
2016-05-04 1.180 1.930
2016-02-10 1.140 1.801
2015-11-10 1.140 2.165
2015-08-11 1.140 1.861
2015-05-11 1.140 1.650
2015-02-11 1.100 1.549
2014-08-12 1.100 1.512
2014-05-07 1.100 1.295
2014-02-12 1.000 1.027
2013-11-13 1.000 1.148
2013-08-15 1.000 1.174
2013-05-08 1.000 1.526
2013-02-13 1.000 1.886
2012-11-14 1.000 2.136

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hyster-Yale Materials Handling has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hyster-Yale Materials Handling only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Hyster-Yale Materials Handling's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hyster-Yale Materials Handling's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hyster-Yale Materials Handling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hyster-Yale Materials Handling has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HY Management

 What is the CEO of Hyster-Yale Materials Handling's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Al Rankin
COMPENSATION $4,607,034
AGE 78
TENURE AS CEO 7.6 years
CEO Bio

Mr. Alfred Marshall Rankin, Jr., also known as Al, serves as the Non-Executive Chairman of NACCO Industries, Inc. since September 2017 and since prior to 2013 Chairman of NACCO’s principal subsidiary, North American Coal. From prior to 2013 to September 2017 Chairman, President, and CEO of NACCO Industries. He served as the President of NACCO Industries, Inc. since May 1994. Mr. Rankin joined the NACCO Industries in February 1989. He has been the President and Chief Executive Officer at Hamilton Beach/Proctor Silex Inc., NACCO Materials Handling Group, Inc., Materials Handling Inc., and The Kitchen Collection Inc., since 1991. He serves as Chief Executive Officer of NACCO Industries, Inc. and President of NACCO Industries, Inc. at Hamilton Beach, Inc. He serves as the Chief Executive Officer at Housewares Holding Company. He has been the Chief Executive Officer and President of Hyster-Yale Materials Handling, Inc. since September 2012. Mr. Rankin served as Chief Operating Officer from April 1986 to February 1989 at Eaton Corporation. He serves as an Advisory Chairman of the Board of Cleveland Museum of Art. He is the Chairman of Hyster-Yale Group, Inc. since May 1994. He has been the Chairman of NMHG since October 2008. He has been Non-Executive Chairman at Hamilton Beach Brands Holding Company since January 01, 2019 and served as its Executive Chairman from October 01, 2017 to January 01, 2019. He served as the Chairman of Hamilton Beach Brands, Inc. since January 2010 and was its Chief Executive Officer. He has been Executive Chairman of Hamilton Beach Holding from October 1, 2017. He also serves as the Chairman of University Hospitals of Cleveland and The North American Coal Corporation. He has been the Chairman of The Kitchen Collection, Inc., since January 1, 2010. He has been the Chairman of University Hospitals Health System, Inc., since May 2011. He serves as Chairman of Hamilton Beach, Inc. He has been a Director of University Hospitals Health System, Inc., since 1988 and The Federal Reserve Bank of Cleveland since 2006. Mr. Rankin serves as a Director of BFGoodrich Company. He has been a Director of Hyster-Yale Materials Handling, Inc. since 2012. Mr. Rankin served as the Chairman of The Federal Reserve Bank at Cleveland from January 1, 2010 to January 2013. He also served as the Deputy Chairman of The Federal Reserve Bank of Cleveland from January 1, 2007 to January 1, 2010. He has been Non Executive Director of Bolzoni SpA since April 1, 2016. He served as Chairman of NACoal until 2013.He serves as a Trustee of Case Western Reserve University. He served as a Director of Goodrich Corp. from April 18, 1988 to July 2012. He had been a Director of Goodrich Lighting Systems GmbH since 1988 and The Vanguard Group, Inc. since January 1993. Mr. Rankin served as a Director of Standard Products Co., since 1989 and Reliance Electric Co. since January 1993. Since September 2017 to present, Executive Chairman of HBBHC and from prior to 2013 to present, Chairman of both HBBHC's principal subsidiaries: HBB and KC. From prior to 2013 to October 2014, Director of The Vanguard Group. In over 45 years of service as a Director and over 25 years in senior management, Mr. Rankin has amassed extensive knowledge of all strategies and operations. He has extensive knowledge of the Company, he also unique insight resulting from his service on the boards of other publicly traded corporations, The Vanguard Group, the Federal Reserve Bank of Cleveland and Goodrich Corporation. He holds a Bachelor of Arts degree in Economics from Yale University and a Juris Doctor degree from the Yale Law School.

CEO Compensation
  • Al's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Al's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hyster-Yale Materials Handling management team in years:

5
Average Tenure
57
Average Age
  • The average tenure for the Hyster-Yale Materials Handling management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Al Rankin

TITLE
Chairman
COMPENSATION
$5M
AGE
78
TENURE
7.6 yrs

Kenneth Schilling

TITLE
Senior VP & CFO
COMPENSATION
$975K
AGE
59
TENURE
7.6 yrs

Chuck Pascarelli

TITLE
Senior VP & President of Americas - Hyster-Yale Group
COMPENSATION
$1M
AGE
59

Rajiv Prasad

TITLE
President & CEO of Hyster-Yale Group
COMPENSATION
$2M
AGE
55
TENURE
0.3 yrs

Suzy Taylor

TITLE
Senior VP
AGE
56
TENURE
3.9 yrs

Anthony Salgado

TITLE
Chief Operating Officer of Hyster-Yale Group Inc.
AGE
48
TENURE
0.8 yrs

Brian Frentzko

TITLE
VP & Treasurer
AGE
58
TENURE
7.6 yrs

Jennifer Langer

TITLE
VP & Controller
AGE
45
TENURE
7.6 yrs

Jon Taylor

TITLE
President of Nuvera Fuel Cells
TENURE
5 yrs

Lucien Robroek

TITLE
Chief Executive Officer of Nuvera Fuel Cells
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Hyster-Yale Materials Handling board of directors in years:

8.3
Average Tenure
67.5
Average Age
  • The tenure for the Hyster-Yale Materials Handling board of directors is about average.
Board of Directors

Al Rankin

TITLE
Chairman
COMPENSATION
$5M
AGE
78
TENURE
7.6 yrs

Dennis LaBarre

TITLE
Independent Director
COMPENSATION
$266K
AGE
76
TENURE
8.3 yrs

John Jumper

TITLE
Independent Director
COMPENSATION
$250K
AGE
74
TENURE
8.3 yrs

Carolyn Corvi

TITLE
Independent Director
COMPENSATION
$257K
AGE
67
TENURE
8.3 yrs

Britton Taplin

TITLE
Independent Director
COMPENSATION
$204K
AGE
62
TENURE
8.3 yrs

Eugene Wong

TITLE
Independent Director
COMPENSATION
$218K
AGE
84
TENURE
8.3 yrs

Clay Rankin

TITLE
Director
COMPENSATION
$204K
AGE
68
TENURE
8.3 yrs

John Butler

TITLE
Director
COMPENSATION
$210K
AGE
58
TENURE
8.3 yrs

H. Poor

TITLE
Independent Director
COMPENSATION
$218K
AGE
67
TENURE
3.1 yrs

James Bemowski

TITLE
Independent Director
COMPENSATION
$214K
AGE
65
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 20 Buy Jennifer Jerome Individual 18. Mar 19 16. Dec 19 744 $64.01 $43,896
06. Nov 19 Sell Theodore Taplin Individual 05. Nov 19 05. Nov 19 -1,018 $56.79 $-57,812
27. Aug 19 Sell Susan Sichel Individual 26. Aug 19 26. Aug 19 -1,750 $53.95 $-94,413
27. Aug 19 Sell Martha Kelly Individual 26. Aug 19 26. Aug 19 -2,100 $53.99 $-113,379
06. Aug 19 Sell Theodore Taplin Individual 02. Aug 19 02. Aug 19 -1,000 $55.31 $-55,310
X
Management checks
We assess Hyster-Yale Materials Handling's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hyster-Yale Materials Handling has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HY News

Simply Wall St News

Martha Kelly Just Sold A Bunch Of Shares In Hyster-Yale Materials Handling, Inc. (NYSE:HY)

See our latest analysis for Hyster-Yale Materials Handling The Last 12 Months Of Insider Transactions At Hyster-Yale Materials Handling The insider, Theodore Taplin, made the biggest insider sale in the last 12 months. … In the last twelve months there was more buying than selling by Hyster-Yale Materials Handling insiders. … NYSE:HY Recent Insider Trading, August 28th 2019 Does Hyster-Yale Materials Handling Boast High Insider Ownership?

Simply Wall St -

Where Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) Earnings Growth Stands Against Its Industry

Assessing Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) performance as a company requires looking at more than just a years' earnings data. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -27%, indicating the rate at which HY is growing has slowed down. … You should continue to research Hyster-Yale Materials Handling to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for HY’s future growth?

Simply Wall St -

How Does Investing In Hyster-Yale Materials Handling, Inc. (NYSE:HY) Impact The Volatility Of Your Portfolio?

This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … If this beta value holds true in the future, Hyster-Yale Materials Handling shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Beta only tells us that the Hyster-Yale Materials Handling share price is sensitive to broader market movements.

Simply Wall St -

Have Insiders Been Buying Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares This Year?

NYSE:HY Recent Insider Trading, August 9th 2019 Hyster-Yale Materials Handling Insiders Are Selling The Stock Over the last three months, we've seen significant insider selling at Hyster-Yale Materials Handling. … Hyster-Yale Materials Handling insiders own about US$228m worth of shares (which is 24% of the company). … An insider sold Hyster-Yale Materials Handling shares recently, but they didn't buy any.

Simply Wall St -

What Does Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) P/E Ratio Tell You?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hyster-Yale Materials Handling: P/E of 39.55 = $55.39 ÷ $1.4 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Hyster-Yale Materials Handling shrunk earnings per share by 49% over the last year. … The Bottom Line On Hyster-Yale Materials Handling's P/E Ratio Hyster-Yale Materials Handling trades on a P/E ratio of 39.5, which is above its market average of 18.

Simply Wall St -

Why Hyster-Yale Materials Handling, Inc.’s (NYSE:HY) Return On Capital Employed Looks Uninspiring

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

How Should Investors Feel About Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Al Rankin's Compensation Compare With Similar Sized Companies. … has a market cap of US$1.1b, and is paying total annual CEO compensation of US$4.5m.

Simply Wall St -

Did You Manage To Avoid Hyster-Yale Materials Handling's (NYSE:HY) 32% Share Price Drop?

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the five years over which the share price declined, Hyster-Yale Materials Handling's earnings per share (EPS) dropped by 20% each year.

Simply Wall St -

At US$64.82, Is It Time To Put Hyster-Yale Materials Handling, Inc. (NYSE:HY) On Your Watch List?

Hyster-Yale Materials Handling, Inc. … A question to answer is whether Hyster-Yale Materials Handling's current trading price of $64.82 reflective of the actual value of the? … Let’s take a look at Hyster-Yale Materials Handling’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Investors Should Know About Hyster-Yale Materials Handling, Inc.'s (NYSE:HY) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

HY Company Info

Description

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. It 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.

Details
Name: Hyster-Yale Materials Handling, Inc.
HY
Exchange: NYSE
Founded: 1991
$638,059,510
16,782,207
Website: http://www.hyster-yale.com
Address: Hyster-Yale Materials Handling, Inc.
5875 Landerbrook Drive,
Suite 300,
Cleveland,
Ohio, 44124-4069,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HY Class A Common Stock New York Stock Exchange US USD 28. Sep 2012
DB HYEA Class A Common Stock Deutsche Boerse AG DE EUR 28. Sep 2012
Number of employees
Current staff
Staff numbers
7,900
Hyster-Yale Materials Handling employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 04:49
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/12
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.