Haulotte (PIG) AI Stock Analysis

• Market Cap: €59.65M
• Dividend Yield: 10.89%
• Average Volume (3M): 14.57K
• Price to Earnings (P/E): 4.9
• Beta (1Y): 0.91
• Revenue Growth: -25.59%
• EPS Growth: -218.88%
• Country: FR
• Employees: 1,900
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): -0.64
• Shares Outstanding: 31,371,275
• 10 Day Avg. Volume: 14,771
• 30 Day Avg. Volume: 14,568
• PEG Ratio: <0.01
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 1.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €2.25
• Price Target Upside: 11.39% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 45 Neutral
• Price Target: €2.50 ▲(23.76% Upside)

Haulotte's overall stock score is primarily influenced by its financial performance and technical analysis. The company faces challenges with high leverage and declining revenue growth, while technical indicators suggest bearish momentum. The high dividend yield provides some support to the valuation score, but the negative P/E ratio remains a concern.

Haulotte Business Overview & Revenue Model

Company Description

Haulotte Group SA, through its subsidiaries, designs, manufactures, and markets people and material lifting equipment. Its products include people lifting equipment comprising articulating and telescopic booms, scissor lifts, vertical masts, push-arounds, self-propelled booms, and trailer mounted booms, as well as telehandlers for material lifting. The company also provides shield bar, lighting system, emission system, and screen, as well as apps for the lifting equipment. In addition, it offers spare parts; training, repair, and financing services; and rents lifting equipment. The company markets and sells its products in Europe, the Asia Pacific, North America, and Latin America. It provides solutions for civil and military applications; rental companies; and logistics, manufacturing, airport operations, maintenance, and retail sectors. Haulotte Group SA was founded in 1881 and is based in Lorette, France. Haulotte Group SA is a subsidiary of Solem S.A.

How the Company Makes Money

Haulotte generates revenue primarily through the sale of its aerial work platforms and equipment. The company's revenue model is based on selling new machinery as well as servicing and maintaining existing units. Key revenue streams include direct sales to end-users, distribution through a network of dealers, and rental agreements with construction and industrial companies. Additionally, Haulotte earns income from spare parts sales and service contracts, ensuring continued customer engagement and support. Significant partnerships with major construction firms and rental companies enhance its market reach and contribute to its earnings.

Haulotte Financial Statement Overview

Summary

Haulotte's financial performance shows mixed results. The income statement reveals a decline in revenue growth and a low EBIT margin, indicating operational inefficiencies. The balance sheet highlights high leverage with a debt-to-equity ratio of 1.61, posing financial risks. However, there are improvements in net profit margin and cash flow generation, suggesting some positive trends.

Income Statement

Haulotte's income statement shows a mixed performance. The company experienced a decline in revenue growth rate of -11.46% in 2024, following a previous growth of 24.85% in 2023. The gross profit margin has decreased over the years, indicating potential cost management issues. However, the net profit margin improved to 2.37% in 2024 from a mere 0.02% in 2023, showing some improvement in profitability. The EBIT margin remains low, suggesting operational inefficiencies.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, which was 1.61 in 2023, indicating significant leverage and potential financial risk. The return on equity has been minimal, with a slight improvement in 2024 but still low, suggesting limited returns for shareholders. The equity ratio remains stable, but the high leverage could pose risks if not managed properly.

Cash Flow

Cash flow analysis reveals a stable operating cash flow in 2024, with a significant improvement from negative free cash flow in previous years. The free cash flow to net income ratio is positive, indicating that the company is generating cash relative to its net income. However, the free cash flow growth rate was negative in 2024, suggesting challenges in maintaining cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	537.92M	640.10M	759.38M	608.25M	497.27M	438.54M
Gross Profit	131.02M	162.66M	141.36M	97.64M	104.20M	97.72M
EBITDA	25.58M	51.66M	31.53M	12.11M	37.31M	9.70M
Net Income	-19.92M	15.09M	186.00K	-15.28M	7.93M	-26.06M
Balance Sheet
Total Assets	567.56M	602.50M	647.83M	693.73M	583.84M	517.90M
Cash, Cash Equivalents and Short-Term Investments	30.51M	34.81M	41.42M	37.45M	33.20M	26.18M
Total Debt	274.64M	254.60M	318.62M	322.84M	219.12M	208.79M
Total Liabilities	404.55M	396.95M	462.63M	494.91M	359.78M	299.35M
Stockholders Equity	163.51M	205.79M	185.49M	199.15M	224.19M	218.88M
Cash Flow
Free Cash Flow	23.48M	62.83M	20.95M	-87.54M	-128.00K	2.71M
Operating Cash Flow	31.85M	75.31M	35.27M	-69.36M	35.60M	33.91M
Investing Cash Flow	-6.99M	-11.01M	-7.60M	-15.69M	-33.84M	-28.95M
Financing Cash Flow	-54.25M	-46.99M	-12.63M	89.56M	3.97M	-15.85M

Haulotte Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PIG, the sentiment is Negative. The current price of 2.02 is below the 20-day moving average (MA) of 2.04, below the 50-day MA of 2.28, and below the 200-day MA of 2.42, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 38.24 is Neutral, neither overbought nor oversold. The STOCH value of 28.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:PIG.

Haulotte Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALNSC	73 Outperform	€34.38M	3.65	―	1.65%	1.45%	91.07%
ALSOG	70 Outperform	€81.42M	16.13	―	3.78%	2.53%	76.19%
MTU	69 Neutral	€668.18M	9.18	7.79%	7.13%	-12.27%	-55.24%
EXE	67 Neutral	€244.31M	8.74	6.23%	3.19%	-4.89%	-35.10%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PIG	45 Neutral	€59.65M	4.92	-10.74%	10.89%	-25.59%	-218.88%