What is Hyster-Yale, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Hyster-Yale, Inc.'s reported free cash flow gives $3.04 per share. The share price was $30.97 on September 25, 2026, 920% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 1.0% | 10.0% | -$6.99 | -123% |
| Base | 6.0% | 9.0% | $3.04 | -90% |
| Bull | 11.0% | 8.0% | $21.75 | -30% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $10.25 | $12.46 | $15.15 | $18.51 | $22.84 |
| 8.0% | $4.87 | $6.30 | $7.99 | $10.01 | $12.49 |
| 9.0% | $0.93 | $1.91 | $3.04 | $4.35 | $5.91 |
| 10.0% | -$2.06 | -$1.37 | -$0.58 | $0.32 | $1.35 |
| 11.0% | -$4.42 | -$3.91 | -$3.34 | -$2.70 | -$1.98 |
Where the presets come from
Base: years 1 to 5 grow at Hyster-Yale, Inc.'s revenue growth rate over the last 5 fiscal years (6.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions