HY Intrinsic Value Calculation – HYSTER-YALE MATERIALS HANDLING Reports Q2 Fiscal Year 2023 Earnings Results
August 8, 2023
🌥️Earnings Overview
For the second quarter of its fiscal year 2023 ending on June 30, 2023, HYSTER-YALE MATERIALS HANDLING ($NYSE:HY) reported total revenue of USD 1090.6 million, a 21.8% year-over-year increase. Net income for the quarter was USD 38.3 million, compared with a net loss of -19.4 million in the same period one year prior.
Market Price
On Tuesday, HYSTER-YALE MATERIALS HANDLING reported its second quarter earnings results of the fiscal year 2023. The stock opened at $47.9 and closed at $48.0, up by 0.4% from prior closing price of $47.8. This marks the second consecutive quarter of positive returns for the company, which is a testament to their ability to withstand turbulent economic times. The company, which manufactures, distributes industrial trucks, forklift trucks, railcar movers, towing tractors and other materials handling equipment, has seen impressive growth in the past few years. They have implemented innovative strategies to ensure their products are widely available and meet the highest quality standards.
Their comprehensive after-sales service portfolio has also helped them to build trust among their customers. HYSTER-YALE MATERIALS HANDLING’s continual success has been driven by their commitment to innovation and customer service. Their strong financial results and steady growth demonstrate their dedication to delivering quality solutions to customers every day. With a focus on efficiency and reliability, HYSTER-YALE MATERIALS HANDLING is poised to remain a leader in the materials handling sector for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HY. More…
| Total Revenues | Net Income | Net Margin |
| 3.92k | 35.2 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HY. More…
| Operations | Investing | Financing |
| 85.2 | -24.4 | -73.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.11k | 1.8k | 16.93 |
Key Ratios Snapshot
Some of the financial key ratios for HY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.8% | 19.5% | 2.6% |
| FCF Margin | ROE | ROA |
| 1.6% | 23.6% | 3.1% |
Analysis – HY Intrinsic Value Calculation
At GoodWhale, we have conducted a thorough analysis of the fundamentals of HYSTER-YALE MATERIALS HANDLING, and the result of our proprietary Valuation Line is that the intrinsic value of the company’s shares is approximately $59.8. However, the current market price of HYSTER-YALE MATERIALS HANDLING appears to be fairly valued at $48.0, and is undervalued by 19.7%. This could be a good opportunity for investors to acquire the stock at a discounted rate. More…
Peers
It is competing with other leading companies in the sector such as PACCAR Inc, Qingling Motors Co Ltd and Tadano Ltd. All of these companies are renowned for their innovative products and cutting-edge technologies that help businesses to improve their efficiency and productivity.
– PACCAR Inc ($NASDAQ:PCAR)
PACCAR Inc is a Fortune 500 company that designs, manufactures, and distributes light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. With a market capitalization of 34.7 billion dollars as of 2023, the company has demonstrated significant growth in recent years. Moreover, its Return on Equity (ROE) of 19.26% is one of the highest in its sector, indicating that the company is highly profitable and efficiently utilizing its equity to generate returns.
– Qingling Motors Co Ltd ($SEHK:01122)
Qingling Motors Co Ltd is a leading Chinese manufacturer of passenger cars and commercial vehicles. The company has a market capitalization of 2.63 billion dollars as of 2023, which puts it among the top largest companies in the automotive industry. Qingling Motors Co Ltd also has a strong Return on Equity of 1.96%, which indicates that the company is able to generate good returns on its investment and is a good indicator of its financial health.
– Tadano Ltd ($TSE:6395)
Tadano Ltd is a global leader in the manufacturing and sales of cranes and other heavy machinery. It has a market capitalization of 115.49 billion as of 2023, indicating that it is a highly profitable and well-recognized company. Furthermore, its Return on Equity (ROE) of 3.31% reflects its strong financial performance and ability to generate returns on its investments. Tadano’s products are well-known for their quality, durability, and reliability, making them the preferred choice of customers in the industry. The company has established itself as a leader in the crane and heavy machinery market, and its strong financial performance is a testament to its success.
Summary
HYSTER-YALE MATERIALS HANDLING reported strong financial results for the second quarter of its fiscal year 2023. Total revenue increased by 21.8%, to USD 1090.6 million, and net income for the quarter was USD 38.3 million, compared to a net loss the previous year. These results indicate a positive trend in the company’s financial performance and could be an attractive investment opportunity for potential investors.
The company’s recent growth is indicative of improving market conditions, and its strong financials could provide long-term stability. Investors should monitor the company’s progress and consider investing in HYSTER-YALE MATERIALS HANDLING for potential long-term growth.
