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Hiab Oyj (CYJBY) Fair Value & Analysis

Industrials · US · Market cap $3.4B

HO Hiab Oyj logo Hiab Oyj CYJBY · US
Price$26.52
Fair Value$29.84
Upside+12.5%
Quality72/100
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Weak Growth
Thin margins · 9.2% net margin
Low debt · generates free cash flow
2.54% dividend yield
Mixed vs. peers (8/14)
Moderate moat 50/100
Evidence: High Range $22.67 – $41.61 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from $29.82 to $29.84 (+0.1%) since Jul 15, 2026.

A solid business, screening 13% undervalued on our models.

What matters now

  • A fairly wide model range ($22.67 to $41.61) leaves room in how you read the outcome.
  • Our model range runs from $22.67 (bear) to $41.61 (bull), base $29.84. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$36.95 $4.95 Fair Value $29.84 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $4.95 – $36.95 · fair‑value band $22.67 – $41.61 · the $26.52 price screens below the $29.84 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hiab Oyj (CYJBY) currently trades at $26.52, while our model-based Fair Value estimate is $29.84, implying the stock looks roughly 12.5% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hiab Oyj generated revenue of $1.5B at a net margin of 9.2%. Revenue declined 7.0% year over year. It earns a return on equity of 13.6%. Net debt stands at $4.3M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $22.67 (bear case) to $41.61 (bull case); at $26.52, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at 13%, CYJBY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $19.18 $24.28 $32.72 80
Residual Income $9.48 $12.43 $34.43 76
Rev-Margin DCF $19.30 $26.94 $36.27 74
All 22 models by family
DCF Models
FCF DCF $18.57 $23.86 $33.35 38
Owner Earnings $21.39 $27.72 $39.07 31
5Y Revenue Exit $19.30 $26.59 $37.18 39
5Y EBITDA Exit $21.99 $31.23 $43.47 41
5Y P/E Exit $21.94 $31.15 $42.15 38
10Y Revenue Exit $18.47 $23.77 $29.48 36
10Y EBITDA Exit $20.49 $26.58 $33.10 37
10Y P/E Exit $20.46 $26.53 $32.33 35
Earnings-Based
Graham-Dodd $10.13 $12.38 $13.92 54
EPV $14.06 $15.63 $16.99 59
Multiples
P/E Multiple $23.46 $31.27 $39.09 63
P/S Multiple $18.99 $25.32 $31.65 58
P/B Multiple $18.99 $25.32 $31.65 55
EV/EBIT $28.07 $36.06 $44.05 53
EV/EBITDA $27.65 $35.49 $43.34 54
EV/Revenue $21.21 $28.54 $35.87 43
Asset-Based
NCAV (Graham) $4.59 $6.14 $9.17 50
Growth DCF
Growth DCF $19.18 $24.28 $32.72 80
Rev-Margin DCF $19.30 $26.94 $36.27 74
Economic Profit
Residual Income $9.48 $12.43 $34.43 76
ROIC Compounder $14.06 $16.04 $18.01 72
Growth Earnings
Growth-Adj P/E $16.56 $23.66 $30.76 68

Widest divergence: Multiples ($28.54) versus Asset-Based ($6.14). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $1.5B
Revenue growth (YoY) -7.0%
Net margin 9.2%
Return on equity 13.6%
Free cash flow $172M FY2025
P/E ratio 21.9 as of Jun 19, 2026
More key figures
Operating margin 10.5%
EPS (TTM) $1.21
Dividend yield 2.5%
EPS growth (YoY) -44.5%
Net debt $4.3M FY2023

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 37

Profitability 59
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hiab Oyj provides smart and on road load-handling solutions and services in Finland. The company provides loader cranes under HIAB, EFFER, and ARGOS brands; truck-mounted forklifts under MOFFETT and PRINCETON brands; forestry cranes under LOGLIFT brand; recycling cranes under JONSERED brand; demountable and hooklifts under MULTILIFT brand; roll-off cable …

Full company description

Hiab Oyj provides smart and on road load-handling solutions and services in Finland. The company provides loader cranes under HIAB, EFFER, and ARGOS brands; truck-mounted forklifts under MOFFETT and PRINCETON brands; forestry cranes under LOGLIFT brand; recycling cranes under JONSERED brand; demountable and hooklifts under MULTILIFT brand; roll-off cable hoists under GALFAB brand; tail lifts under ZEPRO, DEL, and WALTCO brands. It also offers maintenance, equipment warranty, and spare parts. The company serves waste and recycling, defense logistics, retail and final mile, and construction industries. The company was formerly known as Cargotec Corporation and changed its name to Hiab Oyj in March 2025. Hiab Oyj was founded in 1944 and is headquartered in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hiab Oyj reported revenue of $1.6B in FY2025 versus $3.3B in FY2021, a compound −17.2%/yr. Reported net income was $164M in FY2025, compounding −9.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$1.6B
Latest YoY
−5.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−27.5%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.8%
Revenue −17.2%/yr
FY21 $3.3B
FY22 $4.1B
FY23 $1.8B
FY24 $1.6B
FY25 $1.6B
Net income −9.7%/yr
FY21 $247M
FY22 $23.9M
FY23 $347M
FY24 $1.1B
FY25 $164M

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Cite: Fair Value Calculator (2026). "Hiab Oyj Fair Value". https://www.fairvalue-calculator.com/stock/CYJBY

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Farm & Heavy Construction Machinery · 149 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside +13% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 21.9× · Pricier than median
P/B 3.39× · Pricier than 75% of peers
P/S (TTM) 2.24× · Pricier than 75% of peers
P/FCF 19.9× · Pricier than 75% of peers
EV/EBITDA 14.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 50 · sector 21
FUTURE 0 · sector 30
PAST 54 · sector 34
HEALTH 100 · sector 93
DIVIDEND 51 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $855.60 $307.83 -64%
Deere & Company DE $619.77 $182.29 -71%
AB Volvo (publ), VOLVA kr 344.00 kr 288.08 -16%
PACCAR Inc PCAR $131.06 $94.80 -28%
Epiroc AB EPIA kr 254.50 kr 144.14 -43%
Sany Heavy Industry Co 600031 ¥18.91 ¥20.84 +10%
XCMG Construction Machinery Co 000425 ¥8.25 ¥11.79 +43%
Sinotruk (Hong Kong) Limited 3808 HK$41.42 HK$53.57 +29%
Yutong Bus Co 600066 ¥29.82 ¥42.00 +41%
Ashok Leyland Limited ASHOKLEY ₹176.70 ₹118.01 -33%

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Frequently asked questions

Is Hiab Oyj (CYJBY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $29.84 versus a price of $26.52, about +13% (undervalued).
What is the fair value of CYJBY?
Our model-based fair value for Hiab Oyj is $29.84 (as of Aug 13, 2026), built from audited fundamentals. The current price is $26.52.
What is the quality score of CYJBY?
Hiab Oyj has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hiab Oyj (CYJBY)?
Hiab Oyj reported trailing-twelve-month revenue of about $1.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CYJBY?
The net profit margin of Hiab Oyj is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Hiab Oyj pay a dividend?
Hiab Oyj currently shows a dividend yield of about 2.54% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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