NACCO Industries, Inc. (NC) 10-Year Financial Performance & Capital Metrics

NC • • Industrial / General

EnergyCoalDiversified Coal & MineralsIntegrated Coal & Minerals

AboutNACCO 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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in New Mexico. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals; and contract mining services for independently owned mines and quarries in Florida, Texas, Arkansas, and Indiana. 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.Show more

Revenue $238M +10.7%
EBITDA $60M +248.1%
Net Income $34M +185.2%
EPS (Diluted) 4.55 +186.0%
Gross Margin 12.52% +84.3%
EBITDA Margin 25.39% +233.8%
Operating Margin 15.02% +146.0%
Net Margin 14.19% +177.0%
ROE 8.57% +187.6%
ROIC 6.83% +144.5%
Debt/Equity 0.27 +133.3%
Interest Coverage 6.41 +122.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 11.0%
✓Healthy 5Y average net margin of 12.6%
✓Trading at only 0.9x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-12.43%

5Y11.01%

3Y7.41%

TTM25.35%

Profit (Net Income) CAGR

10Y-

5Y-3.17%

3Y-11.16%

TTM262.89%

EPS CAGR

10Y-

5Y-4.27%

3Y-12.06%

TTM268.53%

ROCE

10Y Avg7.07%

5Y Avg4.57%

3Y Avg2.33%

Latest6.89%

Peer Comparison

Integrated Coal & Minerals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTUPeabody Energy Corporation	4.38B	36.06	13.36	-14.35%	-0.83%	-0.91%	4.65%	0.13
NRPNatural Resource Partners L.P.	1.54B	117.37	10.34	-16.56%	67.92%	24.13%	16.11%	0.26
NCNACCO Industries, Inc.	274.03M	46.47	10.21	10.67%	10.32%	6.8%		0.27
CNRCore Natural Resources, Inc.	5.02B	98.02	10.16	-14.28%	-1.18%	-1.15%	5.94%	0.14
ARLPAlliance Resource Partners, L.P.	3.12B	24.33	8.78	-4.6%	10.88%	13.37%	11.98%	0.26

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	915.86M	856.44M	104.78M	135.38M	140.99M	128.43M	191.85M	241.72M	214.79M	237.71M
Revenue Growth %	0.02%	-0.06%	-0.88%	0.29%	0.04%	-0.09%	0.49%	0.26%	-0.11%	0.11%
Cost of Goods Sold+	736.36M	650.59M	87.86M	105.41M	109.86M	111.46M	148.39M	173.88M	200.2M	207.95M
COGS % of Revenue	0.8%	0.76%	0.84%	0.78%	0.78%	0.87%	0.77%	0.72%	0.93%	0.87%
Gross Profit+	179.5M	205.85M	16.92M	29.97M	31.13M	16.97M	43.45M	67.84M	14.59M	29.76M
Gross Margin %	0.2%	0.24%	0.16%	0.22%	0.22%	0.13%	0.23%	0.28%	0.07%	0.13%
Gross Profit Growth %	-0.03%	0.15%	-0.92%	0.77%	0.04%	-0.45%	1.56%	0.56%	-0.78%	1.04%
Operating Expenses+	198.83M	201.57M	51.2M	53.53M	-7.69M	3.52M	-11.96M	-2.14M	84.73M	-5.95M
OpEx % of Revenue	0.22%	0.24%	0.49%	0.4%	-0.05%	0.03%	-0.06%	-0.01%	0.39%	-0.03%
Selling, General & Admin	193.93M	197.9M	47.49M	49.19M	53.78M	53.06M	55.72M	63.91M	65.62M	69.75M
SG&A % of Revenue	0.21%	0.23%	0.45%	0.36%	0.38%	0.41%	0.29%	0.26%	0.31%	0.29%
Research & Development	9.6M	9.7M	0	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	0.01%	-	-	-	-	-	-	-	-
Other Operating Expenses	-1.23M	-2.99M	72K	558K	-61.48M	-49.54M	-67.68M	-66.06M	19.11M	-75.7M
Operating Income+	31.83M	41.72M	32.81M	43.62M	38.82M	13.45M	55.41M	69.99M	-70.14M	35.7M
Operating Margin %	0.03%	0.05%	0.31%	0.32%	0.28%	0.1%	0.29%	0.29%	-0.33%	0.15%
Operating Income Growth %	1.48%	0.31%	-0.21%	0.33%	-0.11%	-0.65%	3.12%	0.26%	-2%	1.51%
EBITDA+	35.81M	54.77M	45.58M	58.31M	55.06M	31.56M	78.5M	96.8M	-40.75M	60.36M
EBITDA Margin %	0.04%	0.06%	0.44%	0.43%	0.39%	0.25%	0.41%	0.4%	-0.19%	0.25%
EBITDA Growth %	1.57%	0.53%	-0.17%	0.28%	-0.06%	-0.43%	1.49%	0.23%	-1.42%	2.48%
D&A (Non-Cash Add-back)	3.99M	13.05M	12.77M	14.68M	16.24M	18.11M	23.09M	26.82M	29.39M	24.65M
EBIT	30.26M	-2.38M	32.54M	-22.83M	44.27M	15.61M	58.57M	89.76M	-61.7M	39.21M
Net Interest Income+	-4.96M	-4.32M	-3.44M	-1.13M	2.74M	-154K	-1.27M	-585K	3.62M	-1.14M
Interest Income	0	0	0	865K	3.62M	1.2M	449K	1.45M	6.08M	4.43M
Interest Expense	4.96M	4.32M	3.44M	2M	872K	1.35M	1.72M	2.03M	2.46M	5.57M
Other Income/Expense	-7.03M	-5.03M	-3.71M	-1.46M	4.58M	810K	1.44M	17.74M	5.98M	-2.06M
Pretax Income+	24.8M	34.47M	29.1M	42.16M	43.4M	14.26M	56.85M	87.72M	-64.16M	33.65M
Pretax Margin %	0.03%	0.04%	0.28%	0.31%	0.31%	0.11%	0.3%	0.36%	-0.3%	0.14%
Income Tax+	2.81M	4.86M	639K	7.38M	3.77M	-535K	8.72M	13.56M	-24.57M	-95K
Effective Tax Rate %	0.89%	0.86%	1.04%	0.83%	0.91%	1.04%	0.85%	0.85%	0.62%	1%
Net Income+	21.98M	29.61M	30.34M	34.78M	39.63M	14.79M	48.13M	74.16M	-39.59M	33.74M
Net Margin %	0.02%	0.03%	0.29%	0.26%	0.28%	0.12%	0.25%	0.31%	-0.18%	0.14%
Net Income Growth %	1.58%	0.35%	0.02%	0.15%	0.14%	-0.63%	2.25%	0.54%	-1.53%	1.85%
Net Income (Continuing)	2.27M	2.96M	28.46M	34.78M	39.63M	14.79M	48.13M	74.16M	-39.59M	33.74M
Discontinued Operations	19.71M	26.65M	1.87M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.13	4.32	4.41	5.00	5.66	2.10	6.69	10.06	-5.29	4.55
EPS Growth %	1.62%	0.38%	0.02%	0.13%	0.13%	-0.63%	2.19%	0.5%	-1.53%	1.86%
EPS (Basic)	3.14	4.34	4.44	5.02	5.68	2.11	6.73	10.14	-5.29	4.58
Diluted Shares Outstanding	7.02M	6.85M	6.87M	6.96M	7.01M	7.06M	7.19M	7.37M	7.48M	7.41M
Basic Shares Outstanding	7M	6.82M	6.83M	6.92M	6.97M	7.03M	7.15M	7.31M	7.48M	7.36M
Dividend Payout Ratio	0.33%	0.25%	0.22%	0.13%	0.13%	0.36%	0.12%	0.08%	-	0.2%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	361.43M	381.73M	176.99M	164.17M	200.67M	188.15M	203.05M	260.41M	232M	264.74M
Cash & Short-Term Investments	52.5M	80.65M	101.6M	85.26M	122.89M	88.45M	86M	110.75M	85.11M	72.83M
Cash Only	52.5M	80.65M	101.6M	85.26M	122.89M	88.45M	86M	110.75M	85.11M	72.83M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	114.11M	20.79M	34.53M	28.82M	21.86M	41.27M	46.33M	60.27M	45.29M	55.5M
Days Sales Outstanding	45.47	8.86	120.29	77.69	56.58	117.3	88.14	91	76.96	85.22
Inventory	165.02M	157.34M	30.02M	31.21M	40.47M	47.55M	54.09M	71.49M	77M	94.61M
Days Inventory Outstanding	81.79	88.27	124.69	108.07	134.44	155.71	133.03	150.07	140.38	166.06
Other Current Assets	17.5M	254.43M	0	4.33M	15.46M	8.31M	14.62M	15.91M	22.81M	41.8M
Total Non-Current Assets+	293.97M	286.29M	212.56M	212.82M	244.1M	288.03M	304.17M	307.66M	307.71M	366.95M
Property, Plant & Equipment	132.54M	131.05M	120.07M	124.55M	149.46M	182.74M	202.08M	224.37M	232.57M	269.12M
Fixed Asset Turnover	6.91x	6.54x	0.87x	1.09x	0.94x	0.70x	0.95x	1.08x	0.92x	0.88x
Goodwill	6.25M	6.25M	0	0	0	0	0	0	0	0
Intangible Assets	56.84M	52.96M	43.55M	40.52M	37.9M	35.33M	31.77M	28.05M	6.01M	5.47M
Long-Term Investments	24.6M	31.05M	16.34M	20.09M	24.61M	28.98M	19.09M	14.93M	32.38M	14.14M
Other Non-Current Assets	31.73M	36.59M	26.64M	24.81M	32.13M	40.98M	51.23M	40.31M	21.68M	63.58M
Total Assets+	655.41M	668.02M	389.55M	376.99M	444.77M	476.18M	507.22M	568.07M	539.71M	631.69M
Asset Turnover	1.40x	1.28x	0.27x	0.36x	0.32x	0.27x	0.38x	0.43x	0.40x	0.38x
Asset Growth %	-0.15%	0.02%	-0.42%	-0.03%	0.18%	0.07%	0.07%	0.12%	-0.05%	0.17%
Total Current Liabilities+	191.75M	221.83M	53.98M	42.25M	61.97M	52.26M	46.02M	44.27M	69.99M	64.89M
Accounts Payable	100.3M	10.56M	9.5M	9.4M	9.95M	5.65M	12.95M	13.31M	17.61M	17.72M
Days Payables Outstanding	49.72	5.92	39.47	32.55	33.06	18.49	31.85	27.95	32.1	31.1
Short-Term Debt	9.87M	1.74M	16.13M	4.65M	7.79M	22.11M	2.53M	3.65M	13.95M	6.15M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	941K	1000K	833K	878K	0
Other Current Liabilities	38.79M	192.3M	11.15M	8.34M	24.64M	9.13M	10.12M	8.37M	20.23M	18.35M
Current Ratio	1.88x	1.72x	3.28x	3.89x	3.24x	3.60x	4.41x	5.88x	3.31x	4.08x
Quick Ratio	1.02x	1.01x	2.72x	3.15x	2.59x	2.69x	3.24x	4.27x	2.21x	2.62x
Cash Conversion Cycle	77.55	91.21	205.51	153.22	157.96	254.52	189.32	213.12	185.24	220.17
Total Non-Current Liabilities+	262.52M	225.9M	116.13M	84.04M	93.42M	123.3M	109.09M	96.84M	87.38M	161.85M
Long-Term Debt	160.11M	120.3M	42.02M	6.37M	17.15M	24.35M	18.18M	16.02M	22M	95.28M
Capital Lease Obligations	0	14.29M	0	0	12.45M	11.2M	9.73M	7.53M	8.78M	9.1M
Deferred Tax Liabilities	46.59M	43.49M	29.67M	2.85M	12.34M	17.55M	14.79M	6.12M	0	0
Other Non-Current Liabilities	102.41M	91.31M	74.11M	74.83M	51.48M	70.2M	66.38M	67.17M	56.6M	57.48M
Total Liabilities	454.27M	447.73M	170.1M	126.29M	155.38M	175.56M	155.1M	141.11M	157.37M	226.74M
Total Debt+	169.98M	134.75M	58.15M	11.02M	37.39M	57.66M	30.44M	27.2M	44.74M	110.53M
Net Debt	117.48M	54.1M	-43.45M	-74.24M	-85.5M	-30.79M	-55.56M	-83.55M	-40.37M	37.7M
Debt / Equity	0.85x	0.61x	0.26x	0.04x	0.13x	0.19x	0.09x	0.06x	0.12x	0.27x
Debt / EBITDA	4.75x	2.46x	1.28x	0.19x	0.68x	1.83x	0.39x	0.28x	-	1.83x
Net Debt / EBITDA	3.28x	0.99x	-0.95x	-1.27x	-1.55x	-0.98x	-0.71x	-0.86x	-	0.62x
Interest Coverage	6.41x	9.66x	9.54x	21.83x	44.52x	9.93x	32.23x	34.41x	-28.51x	6.41x
Total Equity+	201.14M	220.29M	219.45M	250.7M	289.39M	300.62M	352.12M	426.97M	382.34M	404.95M
Equity Growth %	-0.05%	0.1%	-0%	0.14%	0.15%	0.04%	0.17%	0.21%	-0.1%	0.06%
Book Value per Share	28.64	32.14	31.93	36.02	41.30	42.60	48.97	57.91	51.13	54.64
Total Shareholders' Equity	201.14M	220.29M	219.45M	250.7M	289.39M	300.62M	352.12M	426.97M	382.34M	404.95M
Common Stock	6.84M	6.78M	6.85M	6.92M	6.97M	7.06M	7.18M	7.35M	7.45M	7.3M
Retained Earnings	217.75M	239.44M	216.49M	250.35M	284.85M	294.27M	336.78M	404.92M	355.87M	373.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-23.44M	-25.93M	-8.34M	-13.61M	-11.34M	-11.6M	-8.18M	-9.01M	-9.65M	-10.05M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	108M	93.94M	41.3M	54.62M	52.78M	-2.49M	74.88M	67.73M	54.49M	22.29M
Operating CF Margin %	0.12%	0.11%	0.39%	0.4%	0.37%	-0.02%	0.39%	0.28%	0.25%	0.09%
Operating CF Growth %	4.45%	-0.13%	-0.56%	0.32%	-0.03%	-1.05%	31.12%	-0.1%	-0.2%	-0.59%
Net Income	21.98M	29.61M	28.46M	34.78M	39.63M	14.79M	48.13M	74.16M	-39.59M	33.74M
Depreciation & Amortization	3.99M	3.88M	2.12M	3.04M	16.03M	28.18M	23.02M	3.72M	29.39M	0
Stock-Based Compensation	2.4M	5.2M	4.52M	3.96M	4.92M	3.08M	5.56M	7.54M	5.16M	5.83M
Deferred Taxes	-6.94M	12.7M	4.09M	9.28M	8.7M	7.52M	-3.55M	-8.47M	-21.11M	1.52M
Other Non-Cash Items	2.84M	2.25M	16.29M	3.14M	-7.07M	-3.45M	1.97M	8.68M	75.09M	25.8M
Working Capital Changes	68.25M	12.52M	-8.46M	419K	-9.43M	-52.6M	-256K	-17.89M	5.55M	-44.6M
Change in Receivables	66.49M	-10.42M	-9.31M	-3.01M	8.22M	42K	-13.69M	-13.22M	2.46M	-11.72M
Change in Inventory	24.15M	4.9M	-1.13M	-1.19M	-9.26M	-9.36M	-6.53M	-6.83M	-12.97M	-27.25M
Change in Payables	-28.87M	27.1M	1.05M	60K	-388K	-10.62M	7.45M	252K	3.15M	1.96M
Cash from Investing+	-8.29M	-9.82M	-15.01M	-18.39M	-20.26M	-45.98M	-44.15M	-33.15M	-81.6M	-71.29M
Capital Expenditures	-10.62M	-16.17M	-15.7M	-20.93M	-24.66M	-30.19M	-39.23M	-42.52M	-82.12M	0
CapEx % of Revenue	0.01%	0.02%	0.15%	0.15%	0.17%	0.24%	0.2%	0.18%	0.38%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.74M	6.35M	699K	2.54M	-170K	384K	414K	2.67M	525K	-55.56M
Cash from Financing+	-108.3M	-55.71M	-2.31M	-52.58M	5.11M	14.03M	-33.17M	-9.84M	1.47M	36.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-7.3M	-7.26M	-6.68M	-4.58M	-5.13M	-5.38M	-5.62M	-6.01M	-6.45M	-6.62M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	922K	-19.84M	10.42M	23K	-3K	332K	-1.75M	0	0	-2.42M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	97.39M	77.77M	25.6M	33.69M	28.12M	-32.67M	35.65M	25.21M	-27.63M	-32.42M
FCF Margin %	0.11%	0.09%	0.24%	0.25%	0.2%	-0.25%	0.19%	0.1%	-0.13%	-0.14%
FCF Growth %	3.58%	-0.2%	-0.67%	0.32%	-0.17%	-2.16%	2.09%	-0.29%	-2.1%	-0.17%
FCF per Share	13.87	11.35	3.72	4.84	4.01	-4.63	4.96	3.42	-3.70	-4.37
FCF Conversion (FCF/Net Income)	4.91x	3.17x	1.36x	1.57x	1.33x	-0.17x	1.56x	0.91x	-1.38x	0.66x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.66%	14.05%	13.8%	14.8%	14.68%	5.01%	14.75%	19.04%	-9.78%	8.57%
Return on Invested Capital (ROIC)	6.66%	10.55%	10.93%	18.57%	15.31%	4.26%	14.67%	16.4%	-15.35%	6.83%
Gross Margin	19.6%	24.04%	16.15%	22.14%	22.08%	13.21%	22.65%	28.07%	6.79%	12.52%
Net Margin	2.4%	3.46%	28.95%	25.7%	28.11%	11.52%	25.09%	30.68%	-18.43%	14.19%
Debt / Equity	0.85x	0.61x	0.26x	0.04x	0.13x	0.19x	0.09x	0.06x	0.12x	0.27x
Interest Coverage	6.41x	9.66x	9.54x	21.83x	44.52x	9.93x	32.23x	34.41x	-28.51x	6.41x
FCF Conversion	4.91x	3.17x	1.36x	1.57x	1.33x	-0.17x	1.56x	0.91x	-1.38x	0.66x
Revenue Growth	2.13%	-6.49%	-87.77%	29.2%	4.15%	-8.91%	49.38%	26%	-11.14%	10.67%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Coal Mining	-	-	-	-	-	72.09M	91.85M	95.2M	85.42M	68.61M
Coal Mining Growth	-	-	-	-	-	-	27.42%	3.65%	-10.28%	-19.67%
Minerals Management	-	-	-	-	-	14.72M	31M	60.24M	32.98M	34.58M
Minerals Management Growth	-	-	-	-	-	-	110.60%	94.31%	-45.25%	4.83%
Consolidated Mines	-	-	-	117.87M	140.99M	-	-	-	-	-
Consolidated Mines Growth	-	-	-	-	19.62%	-	-	-	-	-
Royalty	-	-	-	17.51M	-	-	-	-	-	-
Royalty Growth	-	-	-	-	-	-	-	-	-	-
NACoal	148M	111.08M	104.78M	-	-	-	-	-	-	-
NACoal Growth	-	-24.94%	-5.67%	-	-	-	-	-	-	-
HBB	620.98M	605.17M	-	-	-	-	-	-	-	-
HBB Growth	-	-2.55%	-	-	-	-	-	-	-	-
KC	150.99M	144.35M	-	-	-	-	-	-	-	-
KC Growth	-	-4.40%	-	-	-	-	-	-	-	-
Eliminations	-4.1M	-	-	-	-	-	-	-	-	-
Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North American Mining	-	-	-	-	42.82M	42.39M	69.92M	85.66M	90.53M	119.6M
North American Mining Growth	-	-	-	-	-	-1.01%	64.95%	22.51%	5.68%	32.11%
UNITED STATES	795.07M	737.45M	-	-	-	-	-	-	-	-
UNITED STATES Growth	-	-7.25%	-	-	-	-	-	-	-	-
Non-US	-	118.99M	-	-	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-	-	-
Other Countries	120.79M	-	-	-	-	-	-	-	-	-
Other Countries Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

NACCO Industries, Inc. (NC) has a price-to-earnings (P/E) ratio of 10.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

NACCO Industries, Inc. (NC) reported $280.8M in revenue for fiscal year 2024. This represents a 92% decrease from $3.33B in 2011.

NACCO Industries, Inc. (NC) grew revenue by 10.7% over the past year. This is steady growth.

Yes, NACCO Industries, Inc. (NC) is profitable, generating $29.0M in net income for fiscal year 2024 (14.2% net margin).

Dividend & Returns

Yes, NACCO Industries, Inc. (NC) pays a dividend with a yield of 1.92%. This makes it attractive for income-focused investors.

NACCO Industries, Inc. (NC) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

NACCO Industries, Inc. (NC) generated $5.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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NACCO Industries, Inc. (NC) 10-Year Financial Performance & Capital Metrics

NC • • Industrial / General

EnergyCoalDiversified Coal & MineralsIntegrated Coal & Minerals

Revenue $238M +10.7%
EBITDA $60M +248.1%
Net Income $34M +185.2%
EPS (Diluted) 4.55 +186.0%
Gross Margin 12.52% +84.3%
EBITDA Margin 25.39% +233.8%
Operating Margin 15.02% +146.0%
Net Margin 14.19% +177.0%
ROE 8.57% +187.6%
ROIC 6.83% +144.5%
Debt/Equity 0.27 +133.3%
Interest Coverage 6.41 +122.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 11.0%
✓Healthy 5Y average net margin of 12.6%
✓Trading at only 0.9x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-12.43%

5Y11.01%

3Y7.41%

TTM25.35%

Profit (Net Income) CAGR

10Y-

5Y-3.17%

3Y-11.16%

TTM262.89%

EPS CAGR

10Y-

5Y-4.27%

3Y-12.06%

TTM268.53%

ROCE

10Y Avg7.07%

5Y Avg4.57%

3Y Avg2.33%

Latest6.89%

Peer Comparison

Integrated Coal & Minerals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTUPeabody Energy Corporation	4.38B	36.06	13.36	-14.35%	-0.83%	-0.91%	4.65%	0.13
NRPNatural Resource Partners L.P.	1.54B	117.37	10.34	-16.56%	67.92%	24.13%	16.11%	0.26
NCNACCO Industries, Inc.	274.03M	46.47	10.21	10.67%	10.32%	6.8%		0.27
CNRCore Natural Resources, Inc.	5.02B	98.02	10.16	-14.28%	-1.18%	-1.15%	5.94%	0.14
ARLPAlliance Resource Partners, L.P.	3.12B	24.33	8.78	-4.6%	10.88%	13.37%	11.98%	0.26

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	915.86M	856.44M	104.78M	135.38M	140.99M	128.43M	191.85M	241.72M	214.79M	237.71M
Revenue Growth %	0.02%	-0.06%	-0.88%	0.29%	0.04%	-0.09%	0.49%	0.26%	-0.11%	0.11%
Cost of Goods Sold+	736.36M	650.59M	87.86M	105.41M	109.86M	111.46M	148.39M	173.88M	200.2M	207.95M
COGS % of Revenue	0.8%	0.76%	0.84%	0.78%	0.78%	0.87%	0.77%	0.72%	0.93%	0.87%
Gross Profit+	179.5M	205.85M	16.92M	29.97M	31.13M	16.97M	43.45M	67.84M	14.59M	29.76M
Gross Margin %	0.2%	0.24%	0.16%	0.22%	0.22%	0.13%	0.23%	0.28%	0.07%	0.13%
Gross Profit Growth %	-0.03%	0.15%	-0.92%	0.77%	0.04%	-0.45%	1.56%	0.56%	-0.78%	1.04%
Operating Expenses+	198.83M	201.57M	51.2M	53.53M	-7.69M	3.52M	-11.96M	-2.14M	84.73M	-5.95M
OpEx % of Revenue	0.22%	0.24%	0.49%	0.4%	-0.05%	0.03%	-0.06%	-0.01%	0.39%	-0.03%
Selling, General & Admin	193.93M	197.9M	47.49M	49.19M	53.78M	53.06M	55.72M	63.91M	65.62M	69.75M
SG&A % of Revenue	0.21%	0.23%	0.45%	0.36%	0.38%	0.41%	0.29%	0.26%	0.31%	0.29%
Research & Development	9.6M	9.7M	0	0	0	0	0	0	0	0
R&D % of Revenue	0.01%	0.01%	-	-	-	-	-	-	-	-
Other Operating Expenses	-1.23M	-2.99M	72K	558K	-61.48M	-49.54M	-67.68M	-66.06M	19.11M	-75.7M
Operating Income+	31.83M	41.72M	32.81M	43.62M	38.82M	13.45M	55.41M	69.99M	-70.14M	35.7M
Operating Margin %	0.03%	0.05%	0.31%	0.32%	0.28%	0.1%	0.29%	0.29%	-0.33%	0.15%
Operating Income Growth %	1.48%	0.31%	-0.21%	0.33%	-0.11%	-0.65%	3.12%	0.26%	-2%	1.51%
EBITDA+	35.81M	54.77M	45.58M	58.31M	55.06M	31.56M	78.5M	96.8M	-40.75M	60.36M
EBITDA Margin %	0.04%	0.06%	0.44%	0.43%	0.39%	0.25%	0.41%	0.4%	-0.19%	0.25%
EBITDA Growth %	1.57%	0.53%	-0.17%	0.28%	-0.06%	-0.43%	1.49%	0.23%	-1.42%	2.48%
D&A (Non-Cash Add-back)	3.99M	13.05M	12.77M	14.68M	16.24M	18.11M	23.09M	26.82M	29.39M	24.65M
EBIT	30.26M	-2.38M	32.54M	-22.83M	44.27M	15.61M	58.57M	89.76M	-61.7M	39.21M
Net Interest Income+	-4.96M	-4.32M	-3.44M	-1.13M	2.74M	-154K	-1.27M	-585K	3.62M	-1.14M
Interest Income	0	0	0	865K	3.62M	1.2M	449K	1.45M	6.08M	4.43M
Interest Expense	4.96M	4.32M	3.44M	2M	872K	1.35M	1.72M	2.03M	2.46M	5.57M
Other Income/Expense	-7.03M	-5.03M	-3.71M	-1.46M	4.58M	810K	1.44M	17.74M	5.98M	-2.06M
Pretax Income+	24.8M	34.47M	29.1M	42.16M	43.4M	14.26M	56.85M	87.72M	-64.16M	33.65M
Pretax Margin %	0.03%	0.04%	0.28%	0.31%	0.31%	0.11%	0.3%	0.36%	-0.3%	0.14%
Income Tax+	2.81M	4.86M	639K	7.38M	3.77M	-535K	8.72M	13.56M	-24.57M	-95K
Effective Tax Rate %	0.89%	0.86%	1.04%	0.83%	0.91%	1.04%	0.85%	0.85%	0.62%	1%
Net Income+	21.98M	29.61M	30.34M	34.78M	39.63M	14.79M	48.13M	74.16M	-39.59M	33.74M
Net Margin %	0.02%	0.03%	0.29%	0.26%	0.28%	0.12%	0.25%	0.31%	-0.18%	0.14%
Net Income Growth %	1.58%	0.35%	0.02%	0.15%	0.14%	-0.63%	2.25%	0.54%	-1.53%	1.85%
Net Income (Continuing)	2.27M	2.96M	28.46M	34.78M	39.63M	14.79M	48.13M	74.16M	-39.59M	33.74M
Discontinued Operations	19.71M	26.65M	1.87M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.13	4.32	4.41	5.00	5.66	2.10	6.69	10.06	-5.29	4.55
EPS Growth %	1.62%	0.38%	0.02%	0.13%	0.13%	-0.63%	2.19%	0.5%	-1.53%	1.86%
EPS (Basic)	3.14	4.34	4.44	5.02	5.68	2.11	6.73	10.14	-5.29	4.58
Diluted Shares Outstanding	7.02M	6.85M	6.87M	6.96M	7.01M	7.06M	7.19M	7.37M	7.48M	7.41M
Basic Shares Outstanding	7M	6.82M	6.83M	6.92M	6.97M	7.03M	7.15M	7.31M	7.48M	7.36M
Dividend Payout Ratio	0.33%	0.25%	0.22%	0.13%	0.13%	0.36%	0.12%	0.08%	-	0.2%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	361.43M	381.73M	176.99M	164.17M	200.67M	188.15M	203.05M	260.41M	232M	264.74M
Cash & Short-Term Investments	52.5M	80.65M	101.6M	85.26M	122.89M	88.45M	86M	110.75M	85.11M	72.83M
Cash Only	52.5M	80.65M	101.6M	85.26M	122.89M	88.45M	86M	110.75M	85.11M	72.83M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	114.11M	20.79M	34.53M	28.82M	21.86M	41.27M	46.33M	60.27M	45.29M	55.5M
Days Sales Outstanding	45.47	8.86	120.29	77.69	56.58	117.3	88.14	91	76.96	85.22
Inventory	165.02M	157.34M	30.02M	31.21M	40.47M	47.55M	54.09M	71.49M	77M	94.61M
Days Inventory Outstanding	81.79	88.27	124.69	108.07	134.44	155.71	133.03	150.07	140.38	166.06
Other Current Assets	17.5M	254.43M	0	4.33M	15.46M	8.31M	14.62M	15.91M	22.81M	41.8M
Total Non-Current Assets+	293.97M	286.29M	212.56M	212.82M	244.1M	288.03M	304.17M	307.66M	307.71M	366.95M
Property, Plant & Equipment	132.54M	131.05M	120.07M	124.55M	149.46M	182.74M	202.08M	224.37M	232.57M	269.12M
Fixed Asset Turnover	6.91x	6.54x	0.87x	1.09x	0.94x	0.70x	0.95x	1.08x	0.92x	0.88x
Goodwill	6.25M	6.25M	0	0	0	0	0	0	0	0
Intangible Assets	56.84M	52.96M	43.55M	40.52M	37.9M	35.33M	31.77M	28.05M	6.01M	5.47M
Long-Term Investments	24.6M	31.05M	16.34M	20.09M	24.61M	28.98M	19.09M	14.93M	32.38M	14.14M
Other Non-Current Assets	31.73M	36.59M	26.64M	24.81M	32.13M	40.98M	51.23M	40.31M	21.68M	63.58M
Total Assets+	655.41M	668.02M	389.55M	376.99M	444.77M	476.18M	507.22M	568.07M	539.71M	631.69M
Asset Turnover	1.40x	1.28x	0.27x	0.36x	0.32x	0.27x	0.38x	0.43x	0.40x	0.38x
Asset Growth %	-0.15%	0.02%	-0.42%	-0.03%	0.18%	0.07%	0.07%	0.12%	-0.05%	0.17%
Total Current Liabilities+	191.75M	221.83M	53.98M	42.25M	61.97M	52.26M	46.02M	44.27M	69.99M	64.89M
Accounts Payable	100.3M	10.56M	9.5M	9.4M	9.95M	5.65M	12.95M	13.31M	17.61M	17.72M
Days Payables Outstanding	49.72	5.92	39.47	32.55	33.06	18.49	31.85	27.95	32.1	31.1
Short-Term Debt	9.87M	1.74M	16.13M	4.65M	7.79M	22.11M	2.53M	3.65M	13.95M	6.15M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	941K	1000K	833K	878K	0
Other Current Liabilities	38.79M	192.3M	11.15M	8.34M	24.64M	9.13M	10.12M	8.37M	20.23M	18.35M
Current Ratio	1.88x	1.72x	3.28x	3.89x	3.24x	3.60x	4.41x	5.88x	3.31x	4.08x
Quick Ratio	1.02x	1.01x	2.72x	3.15x	2.59x	2.69x	3.24x	4.27x	2.21x	2.62x
Cash Conversion Cycle	77.55	91.21	205.51	153.22	157.96	254.52	189.32	213.12	185.24	220.17
Total Non-Current Liabilities+	262.52M	225.9M	116.13M	84.04M	93.42M	123.3M	109.09M	96.84M	87.38M	161.85M
Long-Term Debt	160.11M	120.3M	42.02M	6.37M	17.15M	24.35M	18.18M	16.02M	22M	95.28M
Capital Lease Obligations	0	14.29M	0	0	12.45M	11.2M	9.73M	7.53M	8.78M	9.1M
Deferred Tax Liabilities	46.59M	43.49M	29.67M	2.85M	12.34M	17.55M	14.79M	6.12M	0	0
Other Non-Current Liabilities	102.41M	91.31M	74.11M	74.83M	51.48M	70.2M	66.38M	67.17M	56.6M	57.48M
Total Liabilities	454.27M	447.73M	170.1M	126.29M	155.38M	175.56M	155.1M	141.11M	157.37M	226.74M
Total Debt+	169.98M	134.75M	58.15M	11.02M	37.39M	57.66M	30.44M	27.2M	44.74M	110.53M
Net Debt	117.48M	54.1M	-43.45M	-74.24M	-85.5M	-30.79M	-55.56M	-83.55M	-40.37M	37.7M
Debt / Equity	0.85x	0.61x	0.26x	0.04x	0.13x	0.19x	0.09x	0.06x	0.12x	0.27x
Debt / EBITDA	4.75x	2.46x	1.28x	0.19x	0.68x	1.83x	0.39x	0.28x	-	1.83x
Net Debt / EBITDA	3.28x	0.99x	-0.95x	-1.27x	-1.55x	-0.98x	-0.71x	-0.86x	-	0.62x
Interest Coverage	6.41x	9.66x	9.54x	21.83x	44.52x	9.93x	32.23x	34.41x	-28.51x	6.41x
Total Equity+	201.14M	220.29M	219.45M	250.7M	289.39M	300.62M	352.12M	426.97M	382.34M	404.95M
Equity Growth %	-0.05%	0.1%	-0%	0.14%	0.15%	0.04%	0.17%	0.21%	-0.1%	0.06%
Book Value per Share	28.64	32.14	31.93	36.02	41.30	42.60	48.97	57.91	51.13	54.64
Total Shareholders' Equity	201.14M	220.29M	219.45M	250.7M	289.39M	300.62M	352.12M	426.97M	382.34M	404.95M
Common Stock	6.84M	6.78M	6.85M	6.92M	6.97M	7.06M	7.18M	7.35M	7.45M	7.3M
Retained Earnings	217.75M	239.44M	216.49M	250.35M	284.85M	294.27M	336.78M	404.92M	355.87M	373.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-23.44M	-25.93M	-8.34M	-13.61M	-11.34M	-11.6M	-8.18M	-9.01M	-9.65M	-10.05M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	108M	93.94M	41.3M	54.62M	52.78M	-2.49M	74.88M	67.73M	54.49M	22.29M
Operating CF Margin %	0.12%	0.11%	0.39%	0.4%	0.37%	-0.02%	0.39%	0.28%	0.25%	0.09%
Operating CF Growth %	4.45%	-0.13%	-0.56%	0.32%	-0.03%	-1.05%	31.12%	-0.1%	-0.2%	-0.59%
Net Income	21.98M	29.61M	28.46M	34.78M	39.63M	14.79M	48.13M	74.16M	-39.59M	33.74M
Depreciation & Amortization	3.99M	3.88M	2.12M	3.04M	16.03M	28.18M	23.02M	3.72M	29.39M	0
Stock-Based Compensation	2.4M	5.2M	4.52M	3.96M	4.92M	3.08M	5.56M	7.54M	5.16M	5.83M
Deferred Taxes	-6.94M	12.7M	4.09M	9.28M	8.7M	7.52M	-3.55M	-8.47M	-21.11M	1.52M
Other Non-Cash Items	2.84M	2.25M	16.29M	3.14M	-7.07M	-3.45M	1.97M	8.68M	75.09M	25.8M
Working Capital Changes	68.25M	12.52M	-8.46M	419K	-9.43M	-52.6M	-256K	-17.89M	5.55M	-44.6M
Change in Receivables	66.49M	-10.42M	-9.31M	-3.01M	8.22M	42K	-13.69M	-13.22M	2.46M	-11.72M
Change in Inventory	24.15M	4.9M	-1.13M	-1.19M	-9.26M	-9.36M	-6.53M	-6.83M	-12.97M	-27.25M
Change in Payables	-28.87M	27.1M	1.05M	60K	-388K	-10.62M	7.45M	252K	3.15M	1.96M
Cash from Investing+	-8.29M	-9.82M	-15.01M	-18.39M	-20.26M	-45.98M	-44.15M	-33.15M	-81.6M	-71.29M
Capital Expenditures	-10.62M	-16.17M	-15.7M	-20.93M	-24.66M	-30.19M	-39.23M	-42.52M	-82.12M	0
CapEx % of Revenue	0.01%	0.02%	0.15%	0.15%	0.17%	0.24%	0.2%	0.18%	0.38%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.74M	6.35M	699K	2.54M	-170K	384K	414K	2.67M	525K	-55.56M
Cash from Financing+	-108.3M	-55.71M	-2.31M	-52.58M	5.11M	14.03M	-33.17M	-9.84M	1.47M	36.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-7.3M	-7.26M	-6.68M	-4.58M	-5.13M	-5.38M	-5.62M	-6.01M	-6.45M	-6.62M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	922K	-19.84M	10.42M	23K	-3K	332K	-1.75M	0	0	-2.42M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	97.39M	77.77M	25.6M	33.69M	28.12M	-32.67M	35.65M	25.21M	-27.63M	-32.42M
FCF Margin %	0.11%	0.09%	0.24%	0.25%	0.2%	-0.25%	0.19%	0.1%	-0.13%	-0.14%
FCF Growth %	3.58%	-0.2%	-0.67%	0.32%	-0.17%	-2.16%	2.09%	-0.29%	-2.1%	-0.17%
FCF per Share	13.87	11.35	3.72	4.84	4.01	-4.63	4.96	3.42	-3.70	-4.37
FCF Conversion (FCF/Net Income)	4.91x	3.17x	1.36x	1.57x	1.33x	-0.17x	1.56x	0.91x	-1.38x	0.66x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.66%	14.05%	13.8%	14.8%	14.68%	5.01%	14.75%	19.04%	-9.78%	8.57%
Return on Invested Capital (ROIC)	6.66%	10.55%	10.93%	18.57%	15.31%	4.26%	14.67%	16.4%	-15.35%	6.83%
Gross Margin	19.6%	24.04%	16.15%	22.14%	22.08%	13.21%	22.65%	28.07%	6.79%	12.52%
Net Margin	2.4%	3.46%	28.95%	25.7%	28.11%	11.52%	25.09%	30.68%	-18.43%	14.19%
Debt / Equity	0.85x	0.61x	0.26x	0.04x	0.13x	0.19x	0.09x	0.06x	0.12x	0.27x
Interest Coverage	6.41x	9.66x	9.54x	21.83x	44.52x	9.93x	32.23x	34.41x	-28.51x	6.41x
FCF Conversion	4.91x	3.17x	1.36x	1.57x	1.33x	-0.17x	1.56x	0.91x	-1.38x	0.66x
Revenue Growth	2.13%	-6.49%	-87.77%	29.2%	4.15%	-8.91%	49.38%	26%	-11.14%	10.67%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Coal Mining	-	-	-	-	-	72.09M	91.85M	95.2M	85.42M	68.61M
Coal Mining Growth	-	-	-	-	-	-	27.42%	3.65%	-10.28%	-19.67%
Minerals Management	-	-	-	-	-	14.72M	31M	60.24M	32.98M	34.58M
Minerals Management Growth	-	-	-	-	-	-	110.60%	94.31%	-45.25%	4.83%
Consolidated Mines	-	-	-	117.87M	140.99M	-	-	-	-	-
Consolidated Mines Growth	-	-	-	-	19.62%	-	-	-	-	-
Royalty	-	-	-	17.51M	-	-	-	-	-	-
Royalty Growth	-	-	-	-	-	-	-	-	-	-
NACoal	148M	111.08M	104.78M	-	-	-	-	-	-	-
NACoal Growth	-	-24.94%	-5.67%	-	-	-	-	-	-	-
HBB	620.98M	605.17M	-	-	-	-	-	-	-	-
HBB Growth	-	-2.55%	-	-	-	-	-	-	-	-
KC	150.99M	144.35M	-	-	-	-	-	-	-	-
KC Growth	-	-4.40%	-	-	-	-	-	-	-	-
Eliminations	-4.1M	-	-	-	-	-	-	-	-	-
Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North American Mining	-	-	-	-	42.82M	42.39M	69.92M	85.66M	90.53M	119.6M
North American Mining Growth	-	-	-	-	-	-1.01%	64.95%	22.51%	5.68%	32.11%
UNITED STATES	795.07M	737.45M	-	-	-	-	-	-	-	-
UNITED STATES Growth	-	-7.25%	-	-	-	-	-	-	-	-
Non-US	-	118.99M	-	-	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-	-	-
Other Countries	120.79M	-	-	-	-	-	-	-	-	-
Other Countries Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

NACCO Industries, Inc. (NC) has a price-to-earnings (P/E) ratio of 10.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

NACCO Industries, Inc. (NC) reported $280.8M in revenue for fiscal year 2024. This represents a 92% decrease from $3.33B in 2011.

NACCO Industries, Inc. (NC) grew revenue by 10.7% over the past year. This is steady growth.

Yes, NACCO Industries, Inc. (NC) is profitable, generating $29.0M in net income for fiscal year 2024 (14.2% net margin).

Dividend & Returns

Yes, NACCO Industries, Inc. (NC) pays a dividend with a yield of 1.92%. This makes it attractive for income-focused investors.

NACCO Industries, Inc. (NC) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

NACCO Industries, Inc. (NC) generated $5.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.