Hyster-Yale, Inc. (HY) vs The Manitowoc Company, Inc. (MTW)

Hyster-Yale, Inc. and The Manitowoc Company, Inc. are both Farm & Heavy Construction Machinery companies. The Manitowoc Company, Inc. is the larger, with a market value of $781.5M against $483.2M — 1.6× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; The Manitowoc Company, Inc. trades at 30.0×. The Manitowoc Company, Inc. grew revenue faster over the last twelve months: 10.2% against −14.2%. The Manitowoc Company, Inc. has the higher net margin (1.10% vs −3.86%) and the higher return on invested capital (4.78% vs −8.19%). Across the 19 metrics below, The Manitowoc Company, Inc. leads on 17 and Hyster-Yale, Inc. on 2.

Valuation

Metric HY MTW Farm & Heavy Construction Machinery median
P/E n/m 30.00 21.67
P/S 0.15 0.33 0.77
P/B 1.32 1.09 1.31
Price to free cash flow 70.35 14.49 20.59
EV/EBITDA n/m 8.76 11.30
EV/Sales 0.25 0.50 1.11
Earnings yield (26.43%) 3.33% 3.08%
Free cash flow yield 1.42% 6.90% 3.12%

Profitability

Metric HY MTW Farm & Heavy Construction Machinery median
Gross margin 15.11% 19.05% 22.91%
Operating margin (2.76%) 3.62% 4.47%
Net margin (3.86%) 1.10% 1.41%
Free cash flow margin 0.21% 2.26% 2.26%
Return on equity (28.35%) 3.75% 3.99%
Return on assets (6.49%) 1.36% 1.31%
Return on invested capital (8.19%) 4.78% 4.09%

Growth

Metric HY MTW Farm & Heavy Construction Machinery median
Revenue growth (TTM) (14.18%) 10.21% 1.81%
EPS growth (last fiscal year) (142.29%) (87.18%) (27.79%)
Revenue growth, 5-year CAGR 6.03% 9.20% 6.63%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HY MTW Farm & Heavy Construction Machinery median
Debt to equity 1.05 0.67 0.66
Current ratio 1.24 2.11 1.98
Net debt to EBITDA 10.42 3.24 1.12

Dividend

Metric HY MTW Farm & Heavy Construction Machinery median
Dividend yield 5.28% — 1.24%
Payout ratio — — 0.31

Size

Metric HY MTW Farm & Heavy Construction Machinery median
Market cap 483.23m 781.47m 836.63m

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