Hyster-Yale Materials Handling Inc (HY) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hyster-Yale Materials Handling Inc stock $26.75, price $29.11, that is 8.1% below the price, quality 33 out of 100. Rating: fairly valued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $18.94 – $76.31 · fair‑value band $18.49 – $36.41 · the $29.11 price screens above the $26.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Hyster-Yale, Inc., through its subsidiaries, provides lift trucks, attachments, parts, fleet management services, and technology and energy solutions worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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It markets its products primarily under the Hyster, Yale, and Nuvera brands to independent Hyster and Yale retail dealerships. The company also offers lift truck attachments, forks, masts, and lift tables under the Bolzoni, Auramo, and Meyer brands, as well as parts under the UNISOURCE brand.
In addition, it designs and produces specialized products in the port equipment and rough terrain forklift markets. The company was formerly known as Hyster-Yale Materials Handling, Inc. and changed its name to Hyster-Yale, Inc. in June 2024.
Hyster-Yale, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.
Stock analysis
Hyster-Yale Materials Handling Inc (HY) currently trades at $29.11, while our model-based Fair Value estimate is $26.75, so the stock looks roughly fairly valued today (gap 8.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of $16.68 per share, and 2 of the 9 models we run sit above the $29.11 price.
Bear case: the Asset-Based group reads lowest at $14.36, and 7 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: $18.49 (bear) to $36.41 (bull), the price of $29.11 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hyster-Yale Materials Handling Inc reported revenue of $3.8B in FY2025 versus $3.1B in FY2021, a compound +5.2%/yr. Reported net income was −$60.1M in FY2025.
Key figures
Market cap $521M Small · P/S ratio 0.15 · EPS (TTM) $−6.58 · Dividend yield 5.0% · Net margin −3.9% · Return on equity −27.0% · Return on assets (EBIT) 2.7% (5-year average) · Operating margin −0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at −8%, HY screens richer than that median.
Fair Value models
Bear$18.49Fair Value $26.75Bull$36.41
Price $29.11 · Downside -8.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$10.12$14.86$20.2380
Growth DCF$10.27$14.53$19.1478
5Y EBITDA Exit$17.26$30.35$44.9573
All 10 models by family
DCF Models
FCF DCF$10.12$14.86$20.2380
5Y Revenue Exit$5.69$9.78$14.6171
5Y EBITDA Exit$17.26$30.35$44.9573
10Y Revenue Exit$7.47$11.11$15.3166
10Y EBITDA Exit$13.66$22.65$33.6567
Multiples
EV/EBITn/a$2.01$6.1659
EV/EBITDA$19.86$31.34$42.8364
EV/Revenuen/an/a$1.9149
Asset-Based
NCAV (Graham)$10.72$14.36$21.4452
Growth DCF
Growth DCF$10.27$14.53$19.1478
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 33 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
’14
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
1.8% (2020) → 0.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +27.1% a year for the price.
News mood ⓘNews mood, the average tone of recent news (93 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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Peer Groupⓘ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.Farm & Heavy Construction Machinery · 149 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−8.1% · Below median
Profitability
Return on assets−3.0% · Bottom 25%
Net margin (12 months)−3.9% · Bottom 25%
Operating margin (12 months)−0.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−15.5% · Bottom 25%
Dividend yield (12 months)5.0% · Top 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/B1.10× · Cheaper than median
P/S (12 months)0.16× · Cheapest 25%
Price / free cash flow (fiscal year)22.1× · Pricier than median
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Is Hyster-Yale Materials Handling Inc (HY) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $26.75 versus a price of $29.11, about 8% lower (fairly valued).
What is the fair value of HY?
Our model-based fair value for Hyster-Yale Materials Handling Inc is $26.75 (as of Nov 7, 2026), built from audited fundamentals. The current price: $29.11.
What is the quality score of HY?
Hyster-Yale Materials Handling Inc has a Quality Score of 33/100. 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 price target for Hyster-Yale Materials Handling Inc (HY)?
Our model-based price target is the fair value of $26.75 (as of Nov 7, 2026) from 10 valuation models. Cautious scenario $18.49, optimistic scenario $36.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Hyster-Yale Materials Handling Inc stock forecast for 2026?
Our models put fair value at $26.75, about 8% lower versus a price of $29.11 (fairly valued). Cautious scenario $18.49, optimistic scenario $36.41. The calculation is refreshed regularly with new filings.
What is the revenue of Hyster-Yale Materials Handling Inc (HY)?
Hyster-Yale Materials Handling Inc reported trailing-twelve-month revenue of about $3.4B (latest available figure, as of Nov 7, 2026).
Does Hyster-Yale Materials Handling Inc pay a dividend?
Hyster-Yale Materials Handling Inc currently shows a dividend yield of 4.98% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hyster-Yale Materials Handling Inc (HY) and when is the ex-dividend date?
Hyster-Yale Materials Handling Inc pays a dividend of $1.45 per share a year, a dividend yield of 5.0%. The last ex-dividend date was Sep 1, 2026. A dividend has been paid every year since at least 2012. Free cash flow covers the dividend 1.12 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Hyster-Yale Materials Handling Inc (HY)?
For today's price to be fair in a discounted-cash-flow model, Hyster-Yale Materials Handling Inc would have to grow free cash flow by +30.1 % per year for five years (discount rate 13.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of HY use?
Our models discount Hyster-Yale Materials Handling Inc at 13.2 %: a base by market capitalisation (small), damped by beta 1.69, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hyster-Yale Materials Handling Inc that is +30.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.2 %) and the same formula as our fair value.
How much growth has Hyster-Yale Materials Handling Inc (HY) delivered so far?
Over the past 5 years revenue at Hyster-Yale Materials Handling Inc grew +6.0 % a year. The price currently implies free-cash-flow growth of +30.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hyster-Yale Materials Handling Inc (HY) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Hyster-Yale Materials Handling Inc (+30.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hyster-Yale Materials Handling Inc (HY)?
The free-cash-flow yield on the price is 4.53 %: that much free cash flow Hyster-Yale Materials Handling Inc produces per unit of market value. When it exceeds the discount rate of our models (13.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hyster-Yale Materials Handling Inc (HY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hyster-Yale Materials Handling Inc it is $26.75 per share (as of Nov 7, 2026), against a price of $29.11. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Hyster-Yale Materials Handling Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, HY trades above its calculated fair value: price $29.11, fair value $26.75, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HY?
No. The price is what the market pays today ($29.11); the fair value is what the company's own numbers justify ($26.75). For Hyster-Yale Materials Handling Inc the two are $2.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hyster-Yale Materials Handling Inc worth?
The market values Hyster-Yale Materials Handling Inc at about $521M (market capitalisation, as of Nov 7, 2026). Per share that is $29.11; our models calculate a fair value of $26.75 per share.
What do the bullish and bearish scenarios say about HY?
Our models span a range for Hyster-Yale Materials Handling Inc: cautious scenario $18.49, base $26.75, optimistic $36.41 per share (as of Nov 7, 2026, price $29.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HY?
The PEG ratio of Hyster-Yale Materials Handling Inc is 1.61 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hyster-Yale Materials Handling Inc (HY)?
Balance-sheet figures for Hyster-Yale Materials Handling Inc (as of Nov 7, 2026): return on equity −27.0%, debt of 0.51 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is HY from its 52-week high?
Hyster-Yale Materials Handling Inc trades at $29.11, about 28% below its 52-week high of $40.47 and 13% above the low of $25.65 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of $26.75 is for.
Which stocks are comparable to Hyster-Yale Materials Handling Inc?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hyster-Yale Materials Handling Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $29.11, calculated fair value $26.75 (−8%), Quality Score 33/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HY calculated?
We run Hyster-Yale Materials Handling Inc through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $26.75 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Hyster-Yale Materials Handling Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hyster-Yale Materials Handling Inc (HY)?
The closing price on Nov 9, 2026 was $29.11. Our model-based fair value is $26.75, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hyster-Yale Materials Handling Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($18.49 to $36.41) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Hyster-Yale Materials Handling Inc (HY) come from?
Earnings per share at Hyster-Yale Materials Handling Inc grew +6.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.9 %, EBIT margin +4.8 %, tax rate −1.6 %, residual (interest, one-offs) −1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hyster-Yale Materials Handling Inc
How large is the market capitalisation of Hyster-Yale Materials Handling Inc (HY)?
The market capitalisation of Hyster-Yale Materials Handling Inc is $521M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hyster-Yale Materials Handling Inc (HY)?
The price-to-sales ratio of Hyster-Yale Materials Handling Inc is 0.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hyster-Yale Materials Handling Inc (HY)?
Earnings per share at Hyster-Yale Materials Handling Inc are $−6.58. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hyster-Yale Materials Handling Inc (HY)?
The dividend yield of Hyster-Yale Materials Handling Inc is 5.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hyster-Yale Materials Handling Inc (HY)?
The net margin of Hyster-Yale Materials Handling Inc is −3.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hyster-Yale Materials Handling Inc (HY)?
The return on equity (ROE) of Hyster-Yale Materials Handling Inc is −27.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hyster-Yale Materials Handling Inc (HY)?
On an EBIT basis the return on assets of Hyster-Yale Materials Handling Inc is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hyster-Yale Materials Handling Inc (HY)?
The operating margin of Hyster-Yale Materials Handling Inc is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hyster-Yale Materials Handling Inc (HY)?
Revenue at Hyster-Yale Materials Handling Inc is growing −15.5% versus a year earlier (3y avg +2.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hyster-Yale Materials Handling Inc (HY)?
Earnings per share at Hyster-Yale Materials Handling Inc are growing −83.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hyster-Yale Materials Handling Inc (HY) carry?
The net debt of Hyster-Yale Materials Handling Inc is $262M (fiscal year 2025, ≈ 11.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026