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 54th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 13.5%. As for the metrics that stood out in our discounted cash flow analysis of Hyster-Yale Materials Handling Inc, consider:
82% of the company's capital comes from equity, which is greater than 57.02% of stocks in our cash flow based forecasting set.
Hyster-Yale Materials Handling Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 2.95. This coverage rate is greater than that of 52.4% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than 50.9% of stocks in its sector (Industrials).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as HY, try AIMC, BAH, WNS, AGCO, and PKOH.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
CLEVELAND, Nov. 19, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced today that its management will participate in the Bank of America 2020 Leveraged Finance Virtual Conference on Tuesday, December 1, 2020. The presentation is scheduled to start on Tuesday at…
CLEVELAND, Nov. 10, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors declared a regular cash dividend of 31.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid December…