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 $808.9M against $539.7M — 1.5× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; The Manitowoc Company, Inc. trades at 38.4×. The Manitowoc Company, Inc. grew revenue faster over the last twelve months: 8.86% against −11.1%. The Manitowoc Company, Inc. has the higher net margin (0.87% vs −3.33%) and the higher return on invested capital (4.24% vs −7.03%). 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 38.41 23.28
P/S 0.15 0.33 0.75
P/B 1.33 1.10 1.43
Price to free cash flow 31.14 10.74 22.25
EV/EBITDA n/m 8.43 11.41
EV/Sales 0.24 0.49 1.14
Earnings yield (22.46%) 2.60% 2.83%
Free cash flow yield 3.21% 9.31% 2.91%

Profitability

Metric HY MTW Farm & Heavy Construction Machinery median
Gross margin 15.36% 18.72% 24.21%
Operating margin (2.32%) 3.14% 4.47%
Net margin (3.33%) 0.87% 1.49%
Free cash flow margin 0.48% 3.11% 2.15%
Return on equity (24.80%) 2.92% 3.99%
Return on assets (5.84%) 1.06% 1.31%
Return on invested capital (7.03%) 4.24% 3.36%

Growth

Metric HY MTW Farm & Heavy Construction Machinery median
Revenue growth (TTM) (11.14%) 8.86% 2.18%
EPS growth (last fiscal year) (142.29%) (87.18%) (27.79%)
Revenue growth, 5-year CAGR 6.03% 9.20% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HY MTW Farm & Heavy Construction Machinery median
Debt to equity 1.02 0.67 0.67
Current ratio 1.28 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 4.96% — 1.34%
Payout ratio — — 0.30

Size

Metric HY MTW Farm & Heavy Construction Machinery median
Market cap 539.71m 808.87m 808.87m

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