HIAB Stock Analysis: Hiab | HE
Farm & Heavy Construction Machinery | HE, Finland | Market Cap: 3.982m EUR | 12M Return: 25.4% | FI4000571013 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.08M
EPS Trend: -54.5%
Qual. Beats: 0
Rev. Trend: -94.6%
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hiab Oyj, formerly known as Cargotec Corporation, is a Finland-based provider of smart on-road load-handling equipment and lifecycle services. The company operates a multi-brand portfolio including HIAB, MOFFETT, and MULTILIFT, catering to sectors such as construction, waste management, and defense logistics. Its business model integrates capital equipment sales with high-margin aftermarket services, including maintenance and spare parts, to ensure recurring revenue streams.
The heavy machinery industry is currently characterized by a transition toward electrification and digital connectivity to improve operational efficiency and safety. As a specialist in load handling, Hiab competes in a global market where lead times and regional infrastructure spending significantly influence demand cycles. Investors looking for deeper financial metrics and peer comparisons can find more information on ValueRay.
- Global construction activity and infrastructure spending drive loader crane demand
- Service and spare parts revenue stabilizes margins during cyclical equipment downturns
- Post-demerger capital allocation and dividend policy influence shareholder value
- Adoption of electric and automated load-handling solutions expands market share
| Net Income: 125.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -13.81 > 1.0 |
| NWC/Revenue: 82.37% < 20% (prev 41.25%; Δ 41.12% < -1%) |
| CFO/TA 0.04 > 3% & CFO 114.5m > Net Income 125.7m |
| Net Debt (-974.3m) to EBITDA (223.6m): -4.36 < 3 |
| Current Ratio: 2.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.3m) vs 12m ago -0.74% < -2% |
| Gross Margin: 29.10% > 18% (prev 28.62%; Δ 0.48% > 0.5%) |
| Asset Turnover: 61.70% > 50% (prev 76.45%; Δ -14.75% > 0%) |
| Interest Coverage Ratio: 12.81 > 6 (EBIT TTM 179.4m / Interest Expense TTM 14.0m) |
| A: 0.49 (Total Current Assets 2.00b - Total Current Liabilities 743.4m) / Total Assets 2.58b |
| B: 0.38 (Retained Earnings 990.1m / Total Assets 2.58b) |
| C: 0.07 (EBIT TTM 179.4m / Avg Total Assets 2.48b) |
| D: 0.65 (Book Value of Equity 1.01b / Total Liabilities 1.57b) |
| Altman-Z'' = 5.62 = AAA |
| DSRI: 1.37 (Receivables 287.3m/248.4m, Revenue 1.53b/1.82b) |
| GMI: 0.98 (GM 28.62% / 29.10%) |
| AQI: 0.94 (AQ_t 0.15 / AQ_t-1 0.17) |
| SGI: 0.84 (Revenue 1.53b / 1.82b) |
| TATA: 0.00 (NI 125.7m - CFO 114.5m) / TA 2.58b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of October 13, 2026, the stock is trading at EUR 54.45 with a total of 72,315 shares traded. Over the past week, the price has changed by +0.97%, over one month by +0.89%, over three months by +14.67% and over the past year by +25.39%.
Current recommended Stop Loss: 52.10 (which is 4.3% or 1.2 ATR below the current price).
Hiab has no consensus analysts rating.
P/E Trailing = 31.6154
P/E Forward = 10.4712
P/S = 2.604
P/B = 3.9267
P/EG = 1.6717
Revenue TTM = 1.53b EUR
EBIT TTM = 179.4m EUR
EBITDA TTM = 223.6m EUR
Long Term Debt = 7.60m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 174.6m EUR (from shortTermDebt, last fiscal year)
Debt = 339.9m EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 89.1m
Net Debt = -974.3m EUR (calculated: Debt 339.9m - CCE 1.31b)
Enterprise Value = 3.01b EUR (3.98b + Debt 339.9m - CCE 1.31b)
Interest Coverage Ratio = 12.81 (Ebit TTM 179.4m / Interest Expense TTM 14.0m)
EV/FCF = 27.64x (Enterprise Value 3.01b / FCF TTM 108.8m)
FCF Yield = 3.62% (FCF TTM 108.8m / Enterprise Value 3.01b)
FCF Margin = 7.12% (FCF TTM 108.8m / Revenue TTM 1.53b)
Net Margin = 8.22% (Net Income TTM 125.7m / Revenue TTM 1.53b)
Gross Margin = 29.10% ((Revenue TTM 1.53b - Cost of Revenue TTM 1.08b) / Revenue TTM)
Gross Margin QoQ = 30.28% (prev 28.31%)
Tobins Q-Ratio = 1.17 (Enterprise Value 3.01b / Total Assets 2.58b)
Interest Expense / Debt = 4.12% (Interest Expense 14.0m / Debt 339.9m)
Taxrate = 24.87% (41.7m / 167.7m)
NOPAT = 134.8m (EBIT 179.4m * (1 - 24.87%))
Current Ratio = 2.69 (Total Current Assets 2.00b / Total Current Liabilities 743.4m)
Debt / Equity = 0.34 (Debt 339.9m / totalStockholderEquity, last quarter 1.01b)
Debt / EBITDA = -4.36 (Net Debt -974.3m / EBITDA 223.6m)
Debt / FCF = -8.95 (Net Debt -974.3m / FCF TTM 108.8m)
Total Stockholder Equity = 992.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.07% (Net Income 125.7m / Total Assets 2.58b)
RoE = 12.67% (Net Income TTM 125.7m / Total Stockholder Equity 992.2m)
RoCE = 17.94% (EBIT 179.4m / Capital Employed (Equity 992.2m + L.T.Debt 7.60m))
RoIC = 6.96% (NOPAT 134.8m / Invested Capital 1.94b)
WACC = 9.85% (E(3.98b)/V(4.32b) * Re(10.43%) + D(339.9m)/V(4.32b) * Rd(4.12%) * (1-Tc(0.25)))
Discount Rate = 10.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.69 | Cagr: -0.07%
[DCF] Terminal Value 67.69% ; FCFF base≈236.6m ; Y1≈207.4m ; Y5≈167.6m
[DCF] Fair Price = 56.88 (EV 2.16b - Net Debt -974.3m = Equity 3.13b / Shares 55.1m; r=9.85% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -54.47 | EPS CAGR: -44.49% | SUE: 0.58 | # QB: 0
Revenue Correlation: -94.58 | Revenue CAGR: -20.88% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.87 | Chg30d=+14.04% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=3.10 | Chg30d=+7.60% | Revisions=+57% | GrowthEPS=+32.7% | GrowthRev=+17.7%
EPS next Year (2027-12-31): EPS=3.93 | Chg30d=+4.57% | Revisions=+57% | GrowthEPS=+26.7% | GrowthRev=+20.9%
[Analyst] Revisions Ratio: +75% (up=9, down=0)