Hyster-Yale Inc. Class A common stock (HY)

FairStock Score: 30/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary when a machinery maker with real brands turns from profits to losses. Hyster-Yale's lift trucks, parts, and fleet services under Hyster, Yale, and Nuvera do have a commercial moat: dealerships, an installed base, and replacement parts can create recurring demand. But the numbers show stress. In fiscal 2024, the company earned $142.3 million, or $8.04 per diluted share, on $4.3 billion of revenue. In fiscal 2025, revenue fell to $3.8 billion and net income became a loss of $60.1 million, or $3.40 per diluted share. The weakness has continued: in fiscal Q1 2026, the quarter ended 2026-03-31, net income was -$30.5 million, or -$1.71 per share; in fiscal Q2 2026, the quarter ended 2026-06-30, net income was -$31.6 million, or -$1.76 per share. That is a sharp deterioration, not a mild dip. FairStock's calculations at the 2026-10-13 close of $31.93 show a negative P/E of -4.85, P/B 1.47, ROE of -23.61%, ROCE of -2.93%, and debt-to-equity of 1.22. The Altman Z-Score of 0.95 and Piotroski F-Score of 4/9 signal financial fragility. Free cash flow is positive at $14.8 million, but that is only a 2.6% FCF yield. The 4.32% dividend is attractive only if the turnaround holds. FairStock classifies it as a TURNAROUND, because it had a loss in the latest year after earlier profits. A value investor needs a margin of safety; here the asset base and brands may have value, but current profitability is negative and the balance sheet is leveraged. I would wait for evidence of cost cuts, orders, and sustained positive earnings before calling this a bargain.

In plain English: Hyster-Yale makes lift trucks, attachments, parts, and fleet services, mainly under Hyster, Yale, and Nuvera. The business looks weak right now: it lost money in fiscal 2025 and in the first half of fiscal 2026, after earning profits in fiscal 2023 and 2024. At the 2026-10-13 close of $31.93, the shares look speculative rather than clearly cheap, because current losses make them hard to value on earnings.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer