NACCO Industries, Inc (NC) Fair Value & Analysis

Energy · US · Market cap $376M

A solid business, but screening 22% overvalued on our models.

What matters now

• Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range ($23.18 to $43.04) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

60‑month range $20.29 – $58.53 · fair‑value band $23.18 – $43.04 · the $42.37 price screens above the $33.11 fair value. Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

NACCO Industries, Inc (NC) currently trades at $42.37, while our model-based Fair Value estimate is $33.11, implying the stock looks roughly 21.9% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, NACCO Industries, Inc generated revenue of $274M at a net margin of 7.8%. Revenue declined 4.3% year over year. It earns a return on equity of 5.1%. Net debt stands at $59.1M. Fundamentals as of Jul 7, 2026

Our scenario range runs from $23.18 (bear case) to $43.04 (bull case); at $42.37, 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 28% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at -22%, NC screens richer 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.

Widest divergence: Multiples ($39.94) versus DCF Models ($8.04). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining operates surface coal mines under long-term contracts for power plants and a synfuels plant.

Full company description

NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining operates surface coal mines under long-term contracts for power plants and a synfuels plant. This segment operates coal mines in North Dakota and Mississippi. The Contract Mining segment provides value-added contract mining and other services for producers of industrial minerals and products; contract mining services for independently owned mines and quarries in Florida, Arkansas, and Nebraska; and dragline services. The Minerals and Royalties segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal. The company also provides natural resource restoration and reclamation services that include stream and wetland mitigation solutions. NACCO Industries, Inc. was founded in 1913 and is headquartered in Cleveland, Ohio.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NACCO Industries, Inc reported revenue of $277M in FY2025 versus $192M in FY2021, a compound +9.6%/yr. Reported net income was $17.6M in FY2025, compounding −22.3%/yr from FY2021.

NC screens 22% overvalued. Compare with China Shenhua Energy Company →

Peer Group

Thermal Coal · 101 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.

Valuation Multiples vs Thermal Coal median · lower = cheaper

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.

Values & ESG

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

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

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Frequently asked questions

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.