Hyster-Yale, Inc. (HY) vs Wabash National Corporation (WNC)

Hyster-Yale, Inc. and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. Hyster-Yale, Inc. is the larger, with a market value of $552.6M against $477.0M — 1.2× the size. Hyster-Yale, Inc. grew revenue faster over the last twelve months: −11.1% against −17.3%. Hyster-Yale, Inc. has the higher net margin (−3.33% vs −5.48%) and the lower return on invested capital (−7.03% vs −6.81%). Both pay a dividend; Hyster-Yale, Inc. yields more (1.88% vs 1.26%). Across the 20 metrics below, Hyster-Yale, Inc. leads on 14 and Wabash National Corporation on 6.

Valuation

Metric HY WNC Farm & Heavy Construction Machinery median
P/E n/m n/m 23.38
P/S 0.16 0.37 0.81
P/B 1.41 1.82 1.43
Price to free cash flow 33.12 89.82 25.31
EV/EBITDA n/m n/m 12.13
EV/Sales 0.25 0.69 1.20
Earnings yield (21.12%) (14.74%) 2.73%
Free cash flow yield 3.02% 1.11% 3.02%

Profitability

Metric HY WNC Farm & Heavy Construction Machinery median
Gross margin 15.36% 1.00% 24.21%
Operating margin (2.32%) (5.62%) 4.47%
Net margin (3.33%) (5.48%) 1.49%
Free cash flow margin 0.48% 0.42% 2.15%
Return on equity (24.80%) (22.97%) 4.16%
Return on assets (5.84%) (5.96%) 1.45%
Return on invested capital (7.03%) (6.81%) 3.36%

Growth

Metric HY WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) (11.14%) (17.26%) 2.18%
EPS growth (last fiscal year) (142.29%) 179.22% —
Revenue growth, 5-year CAGR 6.03% 0.81% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HY WNC Farm & Heavy Construction Machinery median
Debt to equity 1.02 1.75 0.67
Current ratio 1.28 1.31 1.98
Net debt to EBITDA 10.42 1.12 1.12

Dividend

Metric HY WNC Farm & Heavy Construction Machinery median
Dividend yield 1.88% 1.26% 1.45%
Payout ratio 0.64 0.08 0.08

Size

Metric HY WNC Farm & Heavy Construction Machinery median
Market cap 552.62m 477.03m 772.81m

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