Hyster-Yale Materials Handling (HY) AI Stock Analysis

• Market Cap: $543.73M
• Dividend Yield: 4.66%
• Average Volume (3M): 169.16K
• Price to Earnings (P/E): 208.1
• Beta (1Y): 1.06
• 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: 173,662
• 30 Day Avg. Volume: 169,165
• 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: 1.97
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 1.51
• Enterprise Value/Ebitda: 10.39
• 1Y Price Target: $36.50
• Price Target Upside: 19.05% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.85
• Revenue Forecast (FY): $3.76B

• Rating: 51 Neutral
• Price Target: $34.00 ▲(10.89% Upside)

Hyster-Yale's overall stock score reflects significant financial challenges, with declining revenue and profitability being the most critical factors. The high P/E ratio suggests overvaluation, while the recent workforce restructuring plan indicates ongoing operational difficulties. Technical indicators provide mixed signals, and the earnings call presents a cautious outlook. The dividend yield offers some support, but overall, the stock faces considerable headwinds.

Positive Factors

Improved Booking Activity

The increase in bookings indicates strong demand in certain regions and product lines, suggesting potential for future revenue growth and market expansion.

Operational Efficiency Improvements

Improved cash flow efficiency reflects better inventory management and operational controls, enhancing the company's ability to generate cash and invest in growth.

Strategic Initiatives for Customer Engagement

Focused customer engagement strategies can drive higher sales and market share, strengthening long-term competitive positioning.

Negative Factors

Revenue Decline in Lift Truck Business

Declining revenues in a core business segment indicate challenges in maintaining market demand, which could impact overall profitability and growth.

Challenges from Tariffs

Significant tariff costs increase operational expenses and reduce margins, potentially affecting competitive pricing and profitability.

Workforce Restructuring Plan

Workforce reductions can lead to short-term cost savings but may also disrupt operations and morale, impacting long-term productivity and growth.

Hyster-Yale Materials Handling Business Overview & Revenue Model

Company Description

Hyster-Yale Materials Handling, Inc. is a leading global manufacturer of materials handling equipment, including forklifts, pallet jacks, and container handlers. Headquartered in Cleveland, Ohio, the company operates primarily in the industrial equipment sector and provides products under its flagship brands, Hyster and Yale. Hyster-Yale serves a diverse range of industries, focusing on delivering innovative solutions for warehousing, distribution, and manufacturing operations.

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 experiencing financial challenges with declining revenue and profitability. The income statement shows negative revenue growth and low net profit margins. The balance sheet indicates improved leverage but reduced shareholder returns. Cash flow generation is under pressure, though cash conversion remains efficient.

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	71.10M	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: 30.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 30.66 is below the 20-day moving average (MA) of 31.54, below the 50-day MA of 32.60, and below the 200-day MA of 37.34, indicating a bearish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 43.46 is Neutral, neither overbought nor oversold. The STOCH value of 10.68 is Positive, 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	$269.66B	29.57	46.30%	0.98%	-1.51%	-9.69%
PCAR	74 Outperform	$58.60B	21.84	14.15%	3.83%	-15.29%	-42.93%
OSK	71 Outperform	$8.25B	12.71	15.42%	1.56%	-2.28%	-0.53%
TEX	71 Outperform	$3.54B	22.88	7.85%	1.26%	4.60%	-65.73%
DE	66 Neutral	$127.26B	25.43	20.61%	1.34%	-11.66%	-27.80%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HY	51 Neutral	$543.73M	208.15	0.51%	4.66%	-8.30%	-98.18%

Hyster-Yale Materials Handling Corporate Events

Hyster-Yale CFO Scott Minder Resigns

On December 11, 2025, Scott A. Minder announced his resignation as Senior Vice President, Chief Financial Officer, and Treasurer of Hyster-Yale, Inc., effective December 31, 2025. The company is currently searching for his replacement, and in the interim, Rajiv K. Prasad, the President and CEO, will assume the role of principal financial officer starting January 1, 2026.

Hyster-Yale Announces Workforce Restructuring Plan

On November 13, 2025, Hyster-Yale, Inc. announced a restructuring plan aimed at reducing costs in response to current economic and industry conditions. This plan includes a reduction of approximately 575 employees from its global workforce. The company anticipates incurring pre-tax charges of about $21 million in the fourth quarter of 2025, related to severance and benefits, which will be paid in cash starting in the fourth quarter of 2025 and continuing into 2026.

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.

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.