Hyster-Yale Materials Handling, Inc. (HY) AI Stock Analysis

Hyster-Yale Materials Handling, Inc., along with its subsidiaries, designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, and aftermarket parts globally. The company produces essential components such as frames, masts, and transmissions, and it assembles lift trucks primarily marketed under the Hyster and Yale brands through independent retail dealerships. It also provides aftermarket parts under the Hyster, Yale, UNISOURCE, and PREMIER brands, servicing both its own and competitor lift trucks. Furthermore, Hyster-Yale manufactures attachments, forks, and lift tables under Bolzoni, Auramo, and Meyer brands, offers port equipment and rough terrain forklifts, and designs hydrogen fuel-cell stacks and engines.

Between FY2021 and FY2024, revenue expanded from $3.08B to $4.31B before dropping 12.5% to $3.77B in FY2025. Net income also shifted from a profit of $142.3M in FY2024 to a loss of -$60.1M in FY2025, with net margin declining from 3.3% to -1.6%. Over the five years from FY2020 to FY2025, revenue grew at a CAGR of 6.0%. Operational challenges persisted into the latest quarter ending June 30, 2026, where quarterly revenue declined 15.0% year-over-year and quarterly earnings decreased 83.6%. For the trailing twelve months, revenue was $3.51B with an operating margin of -6.5% and diluted EPS of -$6.58.

As of June 30, 2026, Hyster-Yale held $72.6M in cash and short-term investments alongside $500.0M in total debt, resulting in net debt of $427.4M. Shareholders' equity stood at $390.0M, generating a debt-to-equity ratio of 1.28 and a current ratio of 1.28. During FY2025, operating cash flow reached $86.1M, yielding free cash flow of $23.6M. Cash deployment for FY2025 included $62.5M dedicated to capital expenditures, $25.4M distributed via dividends, and $4.5M spent on share buybacks, while the share count grew 6.5% over five years.

Hyster-Yale trades at a forward P/E of 9.5x, well below the 17.2x median of its US-listed Industrials peers. Its price-to-sales ratio of 0.1x also trades lower than the peer group median of 1.5x, though its EV-to-EBITDA multiple of 36.2x is higher than the peer median of 13.9x. The company's enterprise value is $1.02B against a market capitalization of $523.3M. Over the past year, the stock fell 15.8%, trailing the S&P 500 (SPY) gain of 16.8%, and its 5-year return of -28.3% lagged the index return of 83.0%.

Hyster-Yale pays a quarterly dividend providing an annual forward payout of $1.45 per share, representing a 4.96% dividend yield. The company has maintained 15 consecutive years of dividend payments, producing a 5-year annualized dividend growth rate of 2.4%. Its most recent ex-dividend date occurred on September 1, 2026.

Consensus coverage shows 2 Strong Buy ratings and no Buy, Hold, or Sell ratings. The mean price target is $50.00, implying a 71.2% upside compared to the last close of $29.21. For the current fiscal year ending December 31, 2026, analysts estimate an EPS of -$3.19 on revenue of $3.49B. For the next fiscal year, 2 analysts project an EPS recovery to $2.06 on revenue of $3.76B. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Hyster-Yale Materials Handling, Inc. (HY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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