Hyster-Yale Piotroski F Score

HY
 Stock
  

USD 31.01  0.76  2.51%   

This module uses fundamental data of Hyster-Yale Materials to approximate its Piotroski F score. Hyster-Yale Materials F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Hyster-Yale Materials Handling. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Hyster-Yale Materials financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Hyster-Yale Materials Altman Z Score, Hyster-Yale Materials Correlation, Hyster-Yale Materials Valuation, as well as analyze Hyster-Yale Materials Alpha and Beta and Hyster-Yale Materials Hype Analysis.
  
Hyster-Yale Materials Total Debt is fairly stable at the moment as compared to the past year. Hyster-Yale Materials reported Total Debt of 518.5 Million in 2021. Debt Current is likely to rise to about 277.1 M in 2022, whereas Debt Non Current is likely to drop slightly above 210.4 M in 2022. Hyster-Yale Materials Net Current Assets as percentage of Total Assets are fairly stable at the moment as compared to the past year. Hyster-Yale Materials reported Net Current Assets as percentage of Total Assets of 12.46 in 2021. Asset Turnover is likely to rise to 2.02 in 2022, whereas Accrued Expenses Turnover is likely to drop 49.53 in 2022.
At this time, it appears that Hyster-Yale Materials' Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Hyster-Yale Materials Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Hyster-Yale Materials is to make sure Hyster-Yale is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Hyster-Yale Materials' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Hyster-Yale Materials' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted18.5 M16.8 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares18.5 M16.8 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets(9.27)(9.0349)
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations(260.2 M)(253.5 M)
Fairly Down
Decreasing
Slightly volatile
Current Liabilities1.2 B1.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.7 B1.6 B
Significantly Up
Increasing
Slightly volatile
Gross Margin15.4711.8152
Significantly Up
Decreasing
Stable
Total Debt559.4 M518.5 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover2.021.6063
Significantly Up
Decreasing
Slightly volatile
Current Assets1.1 B1.4 B
Fairly Down
Increasing
Slightly volatile
Total Assets1.6 BB
Fairly Down
Increasing
Slightly volatile

Hyster-Yale Materials F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Hyster-Yale Materials' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Hyster-Yale Materials in a much-optimized way.

About Hyster-Yale Materials Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Operating Margin

(5.08)

Hyster-Yale Materials Operating Margin is fairly stable at the moment as compared to the past year. Hyster-Yale Materials reported Operating Margin of -4.95 in 2021

Hyster-Yale Materials Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hyster-Yale Materials from analyzing Hyster-Yale Materials' financial statements. These drivers represent accounts that assess Hyster-Yale Materials' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hyster-Yale Materials' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee7.15 K4.45 K4.53 K4.87 K(21.36 K)(21.92 K)
Revenue Per Employee424.29 K406.97 K416.68 K369 K379.72 K450.28 K
Average Assets1.53 B1.72 B1.87 B1.79 B1.96 B1.86 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA117.8 M80 M95.1 M86.1 M(110.3 M)(113.2 M)
Earnings Before Interest Taxes and Depreciation Amortization USD150.9 M97 M110.2 M97.4 M(83 M)(85.18 M)
Earnings before Tax93.5 M37 M47.1 M40.8 M(144.7 M)(148.51 M)
Average Equity532.52 M560.77 M527.88 M557.05 M502.62 M531.71 M
Enterprise Value1.46 B1.2 B1.27 B1.21 B1.06 B1.23 B
Free Cash Flow(77.9 M)125 M34.7 M123.2 M(293.7 M)(301.43 M)
Invested Capital910.9 M1.01 B1.09 B1.07 B1.21 B1.09 B
Invested Capital Average833.7 M950.52 M1.12 B1.1 B1.18 B1.06 B
Market Capitalization1.4 B1.03 B982.68 M1 B691.59 M809.07 M
Tangible Asset Value1.53 B1.57 B1.68 B1.69 B1.86 B1.77 B
Working Capital439 M355.4 M338.8 M373.8 M245.4 M311.72 M

About Hyster-Yale Materials Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hyster-Yale Materials Handling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hyster-Yale Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hyster-Yale Materials Handling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio. Hyster Yale operates under Farm Heavy Construction Machinery classification in the United States and is traded on New York Stock Exchange. It employs 8100 people.

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Please check Hyster-Yale Materials Altman Z Score, Hyster-Yale Materials Correlation, Hyster-Yale Materials Valuation, as well as analyze Hyster-Yale Materials Alpha and Beta and Hyster-Yale Materials Hype Analysis. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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Is Hyster-Yale Materials' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hyster-Yale Materials. If investors know Hyster-Yale will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hyster-Yale Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.48) 
Market Capitalization
496 M
Quarterly Revenue Growth YOY
0.12
Return On Assets
(0.0378) 
Return On Equity
(62.70) 
The market value of Hyster-Yale Materials is measured differently than its book value, which is the value of Hyster-Yale that is recorded on the company's balance sheet. Investors also form their own opinion of Hyster-Yale Materials' value that differs from its market value or its book value, called intrinsic value, which is Hyster-Yale Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hyster-Yale Materials' market value can be influenced by many factors that don't directly affect Hyster-Yale Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hyster-Yale Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine Hyster-Yale Materials value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyster-Yale Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.