Aebi Schmidt Holding AG (AEBI) vs Hyster-Yale, Inc. (HY)

Aebi Schmidt Holding AG and Hyster-Yale, Inc. are both Farm & Heavy Construction Machinery companies. Aebi Schmidt Holding AG is the larger, with a market value of $870.7M against $552.6M — 1.6× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; Aebi Schmidt Holding AG trades at 34.8×. Aebi Schmidt Holding AG grew revenue faster over the last twelve months: 79.4% against −11.1%. Aebi Schmidt Holding AG has the higher net margin (1.09% vs −3.33%) and the higher return on invested capital (4.09% vs −7.03%). Across the 18 metrics below, Aebi Schmidt Holding AG leads on 13 and Hyster-Yale, Inc. on 5.

Valuation

Metric AEBI HY Farm & Heavy Construction Machinery median
P/E 34.83 n/m 23.38
P/S 0.43 0.16 0.81
P/B 1.03 1.41 1.43
Price to free cash flow 120.66 33.12 25.31
EV/EBITDA 9.27 n/m 12.13
EV/Sales 0.69 0.25 1.20
Earnings yield 2.87% (21.12%) 2.73%
Free cash flow yield 0.83% 3.02% 3.02%

Profitability

Metric AEBI HY Farm & Heavy Construction Machinery median
Gross margin 19.40% 15.36% 24.21%
Operating margin 4.47% (2.32%) 4.47%
Net margin 1.09% (3.33%) 1.49%
Free cash flow margin 0.36% 0.48% 2.15%
Return on equity 3.58% (24.80%) 4.16%
Return on assets 1.31% (5.84%) 1.45%
Return on invested capital 4.09% (7.03%) 3.36%

Growth

Metric AEBI HY Farm & Heavy Construction Machinery median
Revenue growth (TTM) 79.44% (11.14%) 2.18%
EPS growth (last fiscal year) (77.68%) (142.29%) —
Revenue growth, 5-year CAGR — 6.03% 7.34%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AEBI HY Farm & Heavy Construction Machinery median
Debt to equity 0.75 1.02 0.67
Current ratio 1.98 1.28 1.98
Net debt to EBITDA 4.23 10.42 1.12

Dividend

Metric AEBI HY Farm & Heavy Construction Machinery median
Dividend yield — 1.88% 1.45%
Payout ratio — 0.64 0.08

Size

Metric AEBI HY Farm & Heavy Construction Machinery median
Market cap 870.71m 552.62m 772.81m

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