Bedrijfsoverzicht
NACCO Industries, Inc. is a specialized entity within the natural resources sector, focusing specifically on the extraction and supply of thermal coal through a diversified operational model. The company structures its business into three primary segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties, allowing it to serve various segments of the energy market including power plants. Operating as a key player in the Thermal Coal industry, the firm manages a workforce of 600 employees across its facilities. With a market capitalization of $386.07M and annual revenue of $277.20M, NACCO Industries represents a mid-cap entity within the broader Energy sector. These financial dimensions indicate that the company maintains a significant but niche position in the thermal coal market, balancing substantial cash reserves against operational expenditures to sustain its mining contracts.
Financiële gezondheid
The company reported a revenue of $277.20M for the trailing twelve months, generating a net income of $17.57M while posting an EBITDA of -$15,308,000. The notable gap between the positive net income and the negative EBITDA reveals a significant disparity in the company's cost structure, suggesting that interest expenses or other non-operating costs are substantial enough to turn EBITDA negative despite profitable operations. Free cash flow stands at -$21,876,876, which indicates a current lack of financial flexibility to fund capital expenditures or debt repayment without relying on external financing or cash reserves. Gross margin is calculated at 13.9%, reflecting the company's ability to cover direct production costs, whereas the operating margin of -11.7% highlights significant overhead pressures. The profit margin of 6.3% demonstrates that the company can still generate a final profit on sales, albeit with a compressed buffer. On the balance sheet, the company holds $49.71M in cash against $111.31M in total debt, resulting in a debt-to-equity ratio of 25.93, which characterizes a highly leveraged financial position rather than a conservative one. The current ratio of 3.09 suggests that the company maintains robust short-term liquidity, possessing more than three times the current assets required to cover its current liabilities. Return on Equity is 4.2%, while Return on Assets is -3.9%, metrics that collectively reveal that management is currently generating returns below the cost of capital and struggling to utilize its asset base efficiently.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is 21.80, whereas the forward P/E is listed as N/A, implying that analysts or the market have not yet projected positive earnings growth sufficient to calculate a forward multiple, or that future earnings expectations are currently negative. The price-to-book ratio of 0.89 indicates that the market is valuing the company at a discount relative to its book value, often seen in capital-intensive industries like mining where asset write-downs or cyclical downturns affect valuation. The price-to-sales ratio of 1.39 and an EV/EBITDA of -29.25 provide alternative perspectives, with the negative EV/EBITDA reflecting the negative earnings and cash burn that distort traditional valuation metrics. The stock has traded between a 52-week high of $59.42 and a 52-week low of $32.16, with the current market price positioned significantly below the yearly peak. The beta of 0.50 indicates that the stock price exhibits less volatility than the broader market, moving at roughly half the magnitude of market swings.
Growth & Income
Revenue growth year-over-year stands at -5.2%, while earnings growth is N/A due to the current negative earnings trajectory, meaning the company is currently contracting rather than expanding its top line or profitability. The dividend yield is 2.0% with a payout ratio of 41.9%, suggesting that the company distributes a portion of its profits to shareholders despite the negative EBITDA, a practice that warrants close monitoring for sustainability given the underlying cash burn. Since the earnings growth metric is unavailable due to negative earnings, the company is not generating the organic earnings growth typically required to sustain high payout ratios indefinitely without external support. The overall growth and income profile presents a mixed picture characterized by declining revenue, negative operating cash flow, yet a continued commitment to shareholder distributions via a dividend yield.