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NACCO Industries Inc (NC)
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Upturn Advisory Summary
02/25/2026: NC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 323.58M USD | Price to earnings Ratio 9.39 | 1Y Target Price 128 |
Price to earnings Ratio 9.39 | 1Y Target Price 128 | ||
Volume (30-day avg) - | Beta 0.61 | 52 Weeks Range 24.66 - 43.48 | Updated Date 06/29/2025 |
52 Weeks Range 24.66 - 43.48 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 2.32% | Basic EPS (TTM) 4.63 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.63% | Operating Margin (TTM) -13.5% |
Management Effectiveness
Return on Assets (TTM) -4.56% | Return on Equity (TTM) 8.62% |
Valuation
Trailing PE 9.39 | Forward PE - | Enterprise Value 366129811 | Price to Sales(TTM) 1.29 |
Enterprise Value 366129811 | Price to Sales(TTM) 1.29 | ||
Enterprise Value to Revenue 1.46 | Enterprise Value to EBITDA 9.15 | Shares Outstanding 5877180 | Shares Floating 4059384 |
Shares Outstanding 5877180 | Shares Floating 4059384 | ||
Percent Insiders 32.61 | Percent Institutions 35.57 |
Upturn AI SWOT
NACCO Industries Inc
Company Overview
History and Background
NACCO Industries Inc. was founded in 1983 as a spin-off from North American Coal Corporation. The company has since evolved from primarily focusing on coal mining to diversifying into material handling equipment and services. Significant milestones include the acquisition and subsequent divestiture of various businesses, and a strategic shift towards its current core segments.
Core Business Areas
- Material Handling Equipment: NACCO Material Handling Group (NMHG), now known as Hyster-Yale Group, designs, manufactures, sells, and services a wide range of material handling equipment, including lift trucks, warehouse equipment, and related aftermarket parts. This segment is a significant contributor to the company's revenue.
- Consumer Products: This segment historically included businesses like Hamilton Beach Brands, which manufactured and marketed small electric household appliances, and Kitchen Collection, a specialty retailer of kitchenware. However, this segment has been largely divested.
- Other Businesses: This includes investments in businesses not fitting into the primary segments, such as specialized machining and manufacturing services.
Leadership and Structure
NACCO Industries Inc. operates as a diversified holding company. Key leadership positions include the Chairman, President, and CEO, along with other executive officers overseeing the different business segments. The organizational structure is built around its operating subsidiaries.
Top Products and Market Share
Key Offerings
- Hyster and Yale Lift Trucks: NACCO's Hyster and Yale brands are leading manufacturers of forklifts and other industrial lift trucks. These products are essential for material handling in warehouses, manufacturing facilities, and distribution centers. Competitors include KION Group (KION), Toyota Industries Corporation (6752.T), and Crown Equipment Corporation.
- Aftermarket Parts and Service: NACCO provides a comprehensive range of spare parts and maintenance services for its material handling equipment, contributing to recurring revenue. This is a critical component for customer retention and profitability.
Market Dynamics
Industry Overview
NACCO operates within the material handling equipment industry, which is driven by global trade, e-commerce growth, and manufacturing activity. The industry is characterized by technological advancements, demand for automation, and increasing emphasis on efficiency and sustainability. The used equipment market and rental services also play a significant role.
Positioning
NACCO, through its Hyster-Yale Group, is a well-established player in the global material handling market. Its competitive advantages include strong brand recognition (Hyster and Yale), a broad product portfolio, an extensive dealer network, and a focus on providing integrated solutions including parts and services. The company's strategic divestitures have allowed it to concentrate on its core strengths.
Total Addressable Market (TAM)
The global material handling equipment market is substantial and projected to grow significantly, driven by e-commerce expansion and industrial automation. While specific TAM figures for NACCO's direct addressable market are proprietary, the overall industry is valued in the tens of billions of dollars annually. NACCO, through its Hyster-Yale Group, holds a significant, albeit not dominant, share of this market, competing with other major global manufacturers.
Upturn SWOT Analysis
Strengths
- Strong brand recognition for Hyster and Yale lift trucks.
- Extensive global dealer and service network.
- Diversified product portfolio within material handling.
- Focus on aftermarket parts and services for recurring revenue.
- History of strategic acquisitions and divestitures to refine focus.
Weaknesses
- Dependence on the cyclicality of the manufacturing and logistics sectors.
- Intense competition from global players.
- Potential challenges in adapting to rapid technological changes in automation.
Opportunities
- Growth in e-commerce driving demand for warehousing and material handling solutions.
- Increasing adoption of automation and robotics in warehouses.
- Expansion in emerging markets.
- Focus on sustainable and energy-efficient equipment.
- Development of connected and data-driven equipment solutions.
Threats
- Economic downturns impacting industrial spending.
- Raw material price fluctuations affecting manufacturing costs.
- Increasing regulatory requirements related to emissions and safety.
- Disruption from new technologies or business models.
- Geopolitical instability affecting global supply chains and demand.
Competitors and Market Share
Key Competitors
- KION Group (KGX.DE)
- Toyota Industries Corporation (6752.T)
- Mitsubishi Logisnext Co., Ltd. (a subsidiary of Mitsubishi Heavy Industries, 7011.T)
- Jungheinrich AG (JNG.DE)
- Crown Equipment Corporation (Private)
Competitive Landscape
NACCO's advantages lie in its established brands, strong dealer network, and focus on aftermarket services. However, competitors like KION and Toyota often have larger global scale, significant R&D budgets, and broader product integrations. NACCO's ability to innovate in automation and electric vehicles, and maintain strong customer relationships through its service network, will be crucial for its competitive standing.
Major Acquisitions
Hyster-Yale Group
- Year: 1983
- Acquisition Price (USD millions):
- Strategic Rationale: This was a foundational spin-off from North American Coal Corporation, establishing NACCO's entry into the material handling sector which became its core business.
Growth Trajectory and Initiatives
Historical Growth: NACCO Industries Inc. has demonstrated growth through organic expansion of its Hyster-Yale Group and strategic acquisitions in the past. However, its growth trajectory has also been shaped by divestitures of non-core assets, leading to periods of restructuring and focus. Revenue and earnings have shown variability influenced by economic cycles and industry-specific demand.
Future Projections: Future growth is projected to be driven by the increasing demand for material handling solutions, particularly in logistics and e-commerce. Analysts may project revenue growth in the mid-single digits annually, with profitability improvements from operational efficiencies and product innovation. Key drivers include global economic recovery, advancements in warehouse automation, and expansion in developing economies.
Recent Initiatives: Recent initiatives likely focus on enhancing the capabilities of Hyster-Yale Group, including the development of electric and autonomous lift trucks, expanding its dealer network, and optimizing its global manufacturing footprint. Investments in R&D for advanced technologies and customer support services are also probable.
Summary
NACCO Industries Inc. is a diversified industrial company with its primary focus on material handling equipment through its Hyster-Yale Group. The company benefits from strong brand recognition and an extensive service network, positioning it well within a growing global market driven by e-commerce and automation. However, it faces intense competition and the cyclical nature of its end markets, necessitating continued innovation and strategic adaptability.
Similar Stocks
Sources and Disclaimers
Data Sources:
- NACCO Industries Inc. Investor Relations
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Research Reports
- Company Filings (e.g., 10-K, 10-Q)
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. Financial data and market share figures are illustrative and require verification from the latest official reports. This is not investment advice, and readers should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NACCO Industries Inc
Exchange NYSE | Headquaters Cleveland, OH, United States | ||
IPO Launch date 1977-06-17 | President, CEO & Non-Independent Director Mr. John C. Butler Jr. | ||
Sector Energy | Industry Thermal Coal | Full time employees 600 | Website https://nacco.com |
Full time employees 600 | Website https://nacco.com | ||
NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies. Coal is surface mined in North Dakota and Mississippi. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, activated carbon, lithium, and other industrial minerals; and contract mining services for independently owned mines and quarries in Florida, Texas, Arkansas, Virginia, and Nebraska. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal. The company was founded in 1913 and is headquartered in Cleveland, Ohio.
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