Blue Bird Corporation (BLBD) vs Hyster-Yale, Inc. (HY)

Blue Bird Corporation and Hyster-Yale, Inc. are both Farm & Heavy Construction Machinery companies. Blue Bird Corporation is the larger, with a market value of $1.8B against $539.7M — 3.3× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; Blue Bird Corporation trades at 6.8×. Blue Bird Corporation grew revenue faster over the last twelve months: 13.5% against −11.1%. Blue Bird Corporation has the higher net margin (17.5% vs −3.33%) and the higher return on invested capital (18.2% vs −7.03%). Across the 20 metrics below, Blue Bird Corporation leads on 17 and Hyster-Yale, Inc. on 3.

Valuation

Metric BLBD HY Farm & Heavy Construction Machinery median
P/E 6.78 n/m 23.28
P/S 1.22 0.15 0.75
P/B 3.00 1.33 1.43
Price to free cash flow 12.82 31.14 22.25
EV/EBITDA 9.30 n/m 11.41
EV/Sales 1.22 0.24 1.14
Earnings yield 14.75% (22.46%) 2.83%
Free cash flow yield 7.80% 3.21% 2.91%

Profitability

Metric BLBD HY Farm & Heavy Construction Machinery median
Gross margin 20.57% 15.36% 24.21%
Operating margin 11.77% (2.32%) 4.47%
Net margin 17.48% (3.33%) 1.49%
Free cash flow margin 9.50% 0.48% 2.15%
Return on equity 64.29% (24.80%) 3.99%
Return on assets 32.36% (5.84%) 1.31%
Return on invested capital 18.17% (7.03%) 3.36%

Growth

Metric BLBD HY Farm & Heavy Construction Machinery median
Revenue growth (TTM) 13.46% (11.14%) 2.18%
EPS growth (last fiscal year) 22.78% (142.29%) (27.79%)
Revenue growth, 5-year CAGR 10.98% 6.03% 7.34%
Net income growth, 5-year CAGR 59.99% 0.00% 0.00%

Health

Metric BLBD HY Farm & Heavy Construction Machinery median
Debt to equity 0.18 1.02 0.67
Current ratio 1.64 1.28 1.98
Net debt to EBITDA (0.76) 10.42 1.12

Dividend

Metric BLBD HY Farm & Heavy Construction Machinery median
Dividend yield — 4.96% 1.34%
Payout ratio — — 0.30

Size

Metric BLBD HY Farm & Heavy Construction Machinery median
Market cap 1.80b 539.71m 808.87m

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