Hyster-Yale Materials Handling, Inc. (HY) Company Bio
Hyster-Yale Materials Handling designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster and Yale brand names. The company was incorporated in 1991 and is based in Cleveland, Ohio.
HY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for HY, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Hyster-Yale Materials Handling Inc ranked in the 56th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 49%. In terms of the factors that were most noteworthy in this DCF analysis for HY, they are:
Hyster-Yale Materials Handling Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 19.31% of tickers in our DCF set.
Hyster-Yale Materials Handling Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 3.38. This coverage rate is greater than that of 56.41% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Industrials), Hyster-Yale Materials Handling Inc has a reliance on debt greater than 58.53% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SNA, ULBI, B, CSX, and IAA can be thought of as valuation peers to HY, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
CLEVELAND, Sept. 16, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today that it will participate in a fireside chat at the Sidoti Fall 2020 Investor Conference on Thursday, September 24, 2020. The event is scheduled to start at 9:15 am ET and will be…
Hyster-Yale Materials Handling, Inc. (HY) Q2 2020 Earnings Conference Call August 5, 2020 11:00 am ET Corporate Participants Christina Kmetko - Investment Relations Al Rankin - Chairman, President and Chief Executive Officer Rajiv Prasad - President and Chief Executive Officer, Hyster-Yale Group, Inc. Ken Schilling - Senior Vice President and...
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