* Note: Prices are in Million (M) USD.
Description:
Hyster-Yale Materials Handling, Inc. is a prominent global leader in the material handling equipment sector, renowned for designing, manufacturing, and servicing a comprehensive range of forklift trucks and accessories. Based in Cleveland, Ohio, the company boasts a robust portfolio of established brands, notably Hyster and Yale, that cater to various industries worldwide. With a strong emphasis on innovation and sustainability, Hyster-Yale is strategically positioned to capitalize on market trends and evolving customer demands. Its extensive distribution network and commitment to superior customer service further enhance its competitive advantage in a rapidly changing landscape.
These criteria used Company's Cash, EBITDA and Debt balance to determines its fair value:
Cash : $67 M
Debt : $473 M
EBITDA : $134 M
Net Debt (Debt - Cash): $406 M
Since Net Debt is covered by EBITDA within 3 years, 1 points assigned.
This criteria used industry in which company operates:
Sector: Industrials
Industry: Farm & heavy construction machinery
Based on industry, 3 points assigned.
This criteria used Company's Price To Earning (P/E) Ratio to determines its fair value:
Forward PE Ratio: 14.97
Since Forward PE Ratio is less than 15, 5 points assigned.
This criteria used Company's ability to convert Sales into free cash flow to determine fair value:
Error: Invalid cash flow data provided.Using default values for calculation.
Based on default values, 1 points assigned.
This criteria used company's growth potential to calculate its fair value:
Latest Revenue (2024-12-31): $4,308 M
Revenue 5 Years Ago (2019-12-31): $3,292 M
Total Growth over 5 Years: 30.9%
5-Year Revenue CAGR (Historical): 5.5%
Forward 5-Year CAGR (Tapered): 5.0%
Since historical Revenue CAGR is between 5 - 10, 2 points assigned.
This criteria used Company's ability to buy back its own share:
Latest Share Count (2024-12-31): $18 M
Share Count 5 Years Ago (2020-12-31): $17 M
Company is not buying back its own shares, 0 points assigned.
This criteria used Company's dividend payout ratio to determine its fair value:
Next Year Earnings Per Share (EPS): $3.45
Trailing 12-Month Earnings Per Share (EPS): $1.17
Average Earnings Per Share (EPS): $2.31
Dividend Per Share (DPS): $1
Payout Ratio: 61%
Dividend Yield: 3.74%
Since company Payout Ratio is greater than 50, 1 point assigned.
Since Dividend Yield is greater than 3, 3 points assigned.
This criteria used Company's Return On Equity (ROE%) to determine its fair value:
Using last 20 valid ROE years (max 20).Average ROE: -5.0%
Since Average ROE is non-positive, 0 point assigned.
This criteria used Company's current price to its 52 week low price to determines its fair value:
Current Price: $34.59
52-Week Low: $33.51
Threshold Price (15% Above 52-Week Low): $38.54
Since Current price is within 15% threshold, 5 points assigned.
This criteria used Company's Market Cap to determines its fair value:
Market Capitalization: $668 M
Since Market Cap is less than 10B, 1 point assigned.
% Exposure to Total Portfolio
Based on the market cap, we recommend do not exceed 1% exposure of Total Portfolio.
Warren Buffett's Owners' Earnings:
No positive free cash flow found (TTM or annual) to compute Owners' Earnings per share.
Note: Many fast-growing companies reinvest heavily, so Owners' Earnings may appear low.
Consider other factors in your valuation.
Value-Trade has assigned 22 points to above Hyster-Yale Materials Handling Inc (HY) stock.
Fair Value PE
15, Industry Based PE
15, Growth Based PE
15, Risk-Free Anchored PE (25% MoS)
18.47. Based on these 4 values, average assigned is
15.87. Value-Trades has assined P/E value
15.87. An average (Current Year EPS + Next Year EPS) earning per share is
$2.31.
Fair value using multiple P/Es (blended): $36.66 (PE 15.87 × EPS $2.31)
So the Final Fair Value is: $36.66
Understanding the Value-Trades P/E Blend (click to expand)
▾
What goes into the blended P/E?
- 20-Year Avg P/E — Long-run market baseline; conservative anchor.
- Fair Value P/E — Score-based (cash, debt, sector, etc.).
- Industry P/E — Peer group norm.
- Growth-Based P/E — Uses tapered growth rates, floored at 15.
- RCFC-Based P/E — Maps cash conversion efficiency.
- ROE-Based P/E — Higher ROE supports higher multiples.
- Risk-Free Anchored P/E — Macro floor tied to 10y yield w/ MoS.
How it works
- Extreme values are clamped/filtered (IQR method).
- Anchors (20y avg, RCFC/ROE, risk-free) are always kept if valid.
- Final fair value = min(Blended PE × EPS, Avg PE × EPS).
P/E Reference Summary
Using EPS: $2.31
| Source |
P/E Ratio |
Implied Fair Value |
| Value-Trades Assigned | 15.87 | $36.66 |
