Hyster-Yale Materials Handling (HY) AI Stock Analysis

• Market Cap: $507.55M
• Dividend Yield: 4.92%
• Average Volume (3M): 93.71K
• Price to Earnings (P/E): 194.3
• Beta (1Y): 1.12
• Revenue Growth: -8.30%
• EPS Growth: -98.18%
• Country: US
• Employees: 8,500
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): -0.13
• Shares Outstanding: 14,283,983
• 10 Day Avg. Volume: 112,846
• 30 Day Avg. Volume: 93,712
• PEG Ratio: 0.58
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 7.23
• Enterprise Value/Market Cap: 2.11
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 1.51
• Enterprise Value/Ebitda: 10.39
• 1Y Price Target: $36.50
• Price Target Upside: 27.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.85
• Revenue Forecast (FY): $3.76B

• Rating: 48 Neutral
• Price Target: $26.00 ▼(-9.15% Downside)

Hyster-Yale Materials Handling faces significant financial and operational challenges, reflected in its low financial performance score. Technical analysis indicates bearish momentum, and the stock appears overvalued based on its high P/E ratio. Despite these challenges, the company is taking steps to improve efficiency and customer engagement, as highlighted in the earnings call.

Positive Factors

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing the company to invest in growth opportunities and manage debt effectively.

Operational Efficiency

Improvements in operational efficiency can lead to cost savings and better profit margins, supporting long-term profitability and competitiveness.

Strategic Initiatives

Strategic initiatives to boost customer engagement and market participation can drive future revenue growth and strengthen market position.

Negative Factors

Revenue Decline

A decline in revenue can indicate challenges in maintaining market share and demand, potentially impacting long-term growth and profitability.

Tariff Costs

High tariff costs can erode profit margins and increase product pricing, potentially affecting competitiveness and customer demand.

Backlog Reduction

A reduced backlog may signal future revenue challenges, as it reflects a decrease in incoming orders relative to shipments.

Hyster-Yale Materials Handling Business Overview & Revenue Model

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. 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.

How the Company Makes Money

Hyster-Yale generates revenue through the sale of material handling equipment and related services. The company has multiple key revenue streams, including the sale of new equipment, aftermarket parts, and service contracts. New equipment sales contribute significantly to Hyster-Yale's earnings, supported by a strong global dealer network that facilitates distribution and customer engagement. The aftermarket segment, which includes parts sales and maintenance services, is a critical revenue driver, providing ongoing income as customers seek to maintain and optimize their equipment. Additionally, Hyster-Yale may engage in partnerships with other industrial firms and technology providers to enhance product offerings and create value-added services, further contributing to its overall profitability.

Hyster-Yale Materials Handling Financial Statement Overview

Summary

Hyster-Yale Materials Handling is facing financial challenges with declining revenue and profitability, as reflected in the income statement. The balance sheet shows improved leverage but reduced shareholder returns. Cash flow generation is under pressure, though cash conversion remains efficient. The company needs to address its revenue and profitability issues to improve its overall financial health.

Income Statement

Hyster-Yale Materials Handling's income statement shows a challenging period with declining revenue and profitability. The TTM data indicates a negative revenue growth rate of -0.94%, and the net profit margin is extremely low at 0.07%. The gross profit margin has decreased from 20.79% in 2024 to 18.13% in TTM, indicating pressure on profitability. The EBIT and EBITDA margins have also declined significantly, reflecting operational challenges. Overall, the income statement reflects a struggling financial performance with declining growth and profitability.

Balance Sheet

The balance sheet reveals a moderate financial position with some concerns. The debt-to-equity ratio has improved to 0.73 in TTM from 1.14 in 2024, indicating better leverage management. However, the return on equity has decreased significantly to 4.31% in TTM from 29.95% in 2024, showing reduced profitability for shareholders. The equity ratio remains stable, suggesting a balanced asset structure. While leverage has improved, the reduced profitability is a concern.

Cash Flow

The cash flow statement shows mixed results. The operating cash flow to net income ratio is low at 0.11, indicating weak cash generation relative to net income. Free cash flow has declined by 23.45% in TTM, reflecting cash flow challenges. However, the free cash flow to net income ratio is relatively strong at 0.84, suggesting efficient cash conversion. Overall, the cash flow position is stable but shows signs of pressure.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.91B	4.31B	4.12B	3.55B	3.08B	2.81B
Gross Profit	710.10M	895.50M	785.60M	433.90M	363.40M	465.40M
EBITDA	102.90M	300.40M	263.40M	9.40M	-93.20M	98.80M
Net Income	2.70M	142.30M	125.90M	-74.10M	-173.00M	37.10M
Balance Sheet
Total Assets	2.06B	2.03B	2.08B	2.03B	1.97B	1.86B
Cash, Cash Equivalents and Short-Term Investments	74.60M	96.60M	78.80M	59.00M	65.50M	151.40M
Total Debt	467.80M	541.80M	571.90M	552.90M	518.50M	289.20M
Total Liabilities	1.51B	1.54B	1.67B	1.80B	1.59B	1.21B
Stockholders Equity	536.00M	475.10M	389.90M	204.40M	357.10M	616.90M
Cash Flow
Free Cash Flow	53.50M	122.90M	115.30M	11.80M	-297.80M	115.20M
Operating Cash Flow	110.30M	170.70M	150.70M	40.60M	-253.50M	166.90M
Investing Cash Flow	-56.70M	-47.60M	-34.50M	-35.40M	-24.50M	-43.70M
Financing Cash Flow	-56.30M	-100.10M	-100.50M	-10.90M	193.60M	-40.60M

Hyster-Yale Materials Handling Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 28.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HY, the sentiment is Negative. The current price of 28.62 is below the 20-day moving average (MA) of 29.81, below the 50-day MA of 33.49, and below the 200-day MA of 38.44, indicating a bearish trend. The MACD of -1.72 indicates Negative momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 67.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HY.

Hyster-Yale Materials Handling Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAT	76 Outperform	$269.44B	29.54	46.30%	1.03%	-1.51%	-9.69%
PCAR	74 Outperform	$55.37B	20.64	14.15%	4.10%	-15.29%	-42.93%
TEX	72 Outperform	$3.03B	19.59	7.85%	1.47%	4.60%	-65.73%
OSK	71 Outperform	$8.11B	12.50	15.42%	1.60%	-2.28%	-0.53%
DE	66 Neutral	$125.57B	25.11	20.61%	1.38%	-11.66%	-27.80%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HY	48 Neutral	$507.55M	194.30	0.51%	4.92%	-8.30%	-98.18%

Hyster-Yale Materials Handling Corporate Events

Hyster-Yale Faces Challenges Amid Revenue Decline

Hyster-Yale Materials Handling’s recent earnings call painted a picture of a challenging quarter, marked by revenue declines and increased costs due to tariffs. Despite these hurdles, the company reported positive developments, such as increased bookings and efforts to enhance operational efficiency and customer engagement.

Hyster-Yale Reports Q3 2025 Earnings Amid Challenges

Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a global leader in the design, engineering, manufacturing, and servicing of lift trucks and solutions, operating primarily in the materials handling industry. The company is known for its comprehensive product line marketed under the Hyster, Yale, Maximal, and Nuvera brand names.

Hyster-Yale Updates Website with Financial Data

On November 4, 2025, Hyster-Yale, Inc. announced it will update its website with additional historical quarterly financial data and revised schedules for the third quarter of 2025. This update is part of the company’s compliance with regulatory requirements, providing stakeholders with detailed insights into its operational results.

The most recent analyst rating on (HY) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Hyster-Yale Materials Handling stock, see the HY Stock Forecast page.

Hyster-Yale Updates Investor Presentation for Transparency

On November 4, 2025, Hyster-Yale, Inc. updated its investor presentation on its website, providing stakeholders with the latest insights into the company’s financial performance and strategic direction. This update is part of the company’s ongoing efforts to maintain transparency and keep investors informed about its operations and market positioning.

The most recent analyst rating on (HY) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Hyster-Yale Materials Handling stock, see the HY Stock Forecast page.