Hyster-Yale, Inc. (HY) vs Titan International, Inc. (TWI)

Hyster-Yale, Inc. and Titan International, Inc. are both Farm & Heavy Construction Machinery companies. Hyster-Yale, Inc. is the larger, with a market value of $552.6M against $456.3M — 1.2× the size. Titan International, Inc. grew revenue faster over the last twelve months: 4.69% against −11.1%. Hyster-Yale, Inc. has the higher net margin (−3.33% vs −4.11%) and the lower return on invested capital (−7.03% vs −0.11%). Across the 18 metrics below, Titan International, Inc. leads on 10 and Hyster-Yale, Inc. on 8.

Valuation

Metric HY TWI Farm & Heavy Construction Machinery median
P/E n/m n/m 23.38
P/S 0.16 0.24 0.81
P/B 1.41 0.89 1.43
Price to free cash flow 33.12 n/m 25.31
EV/EBITDA n/m 12.93 12.13
EV/Sales 0.25 0.47 1.20
Earnings yield (21.12%) (17.09%) 2.73%
Free cash flow yield 3.02% (1.72%) 3.02%

Profitability

Metric HY TWI Farm & Heavy Construction Machinery median
Gross margin 15.36% 14.03% 24.21%
Operating margin (2.32%) (0.09%) 4.47%
Net margin (3.33%) (4.11%) 1.49%
Free cash flow margin 0.48% (0.42%) 2.15%
Return on equity (24.80%) (14.12%) 4.16%
Return on assets (5.84%) (4.42%) 1.45%
Return on invested capital (7.03%) (0.11%) 3.36%

Growth

Metric HY TWI Farm & Heavy Construction Machinery median
Revenue growth (TTM) (11.14%) 4.69% 2.18%
EPS growth (last fiscal year) (142.29%) (1,150.00%) —
Revenue growth, 5-year CAGR 6.03% 7.74% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HY TWI Farm & Heavy Construction Machinery median
Debt to equity 1.02 1.16 0.67
Current ratio 1.28 2.11 1.98
Net debt to EBITDA 10.42 4.36 1.12

Dividend

Metric HY TWI Farm & Heavy Construction Machinery median
Dividend yield 1.88% — 1.45%
Payout ratio 0.64 0.00 0.08

Size

Metric HY TWI Farm & Heavy Construction Machinery median
Market cap 552.62m 456.31m 772.81m

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