NACCO Industries AI Stock Analysis
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NACCO Industries (NC) AI Stock Analysis
NACCO Industries
(NYSE:NC)
The score is mainly held back by weak technicals (price below key moving averages and negative MACD) and only middling financial performance due to volatile profitability and inconsistent free cash flow, despite a strong balance sheet. Valuation and dividend support are constructive, and the latest earnings call was broadly positive with a better 2027 outlook, but solar-related costs/uncertainty and near-term cash-use/investment needs temper the upside.
NACCO Industries (NC) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $265.57M
- Dividend Yield
- 2.93%
- Average Volume (3M)
- 22.98K
- Price to Earnings (P/E)
- 17.9
- Beta (1Y)
- 0.55
- Revenue Growth
- 0.54%
- EPS Growth
- -49.39%
- Country
- US
- Employees
- 600
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Coal
NACCO Industries Business Overview & Revenue Model
Company Description
NACCO Industries, Inc. (NC) primarily operates within the natural resources sector, structured into three core business units. Its Coal Mining division manages surface coal extraction activities through multi-year agreements, serving electricity prod...
How the Company Makes Money
NACCO Industries makes money through a portfolio of operating subsidiaries whose earnings and cash flows ultimately flow to the holding company. 1) Mining segment (North American Coal / mining services) - Primary model: NACCO, through its mining subs...
NACCO Industries Earnings Call Summary
The call was broadly positive. NACCO reported strong third-quarter operating and adjusted EBITDA growth, improving contributions from newer contracts and investments, substantial contract mining momentum, and a favorable 2027 outlook. These positives were partly offset by solar project costs and uncertainty, lower reported net income and EPS, delayed customer payments, the loss of Sabine reclamation fees, near-term softness in portions of contract mining and Minerals and Royalties, and cash flow before financing remaining a use of cash in 2026.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
NACCO expects utility coal mining operating profit to improve over last year in full year 2026, fourth quarter operating results to be lower than the prior year period, and overall coal demand to remain consistent with 2026 and profitability to improve in 2027; it expects contract mining substantial year over year growth in operating profit and segment adjusted EBITDA in both the fourth quarter and full year 2026, continued operating profit growth in 2027, and a full year of contributions from the Palm Beach County and Arizona contracts; Minerals and Royalties fourth quarter and full year operating profit and segment adjusted EBITDA are expected to be below the comparable 2025 periods, while in 2027 it expects meaningful earnings and cash flow although operating profit is expected to moderate from 2026 levels; Mitigation Resources is expected to generate a profit in the fourth quarter and in 2027, with 13 mitigation banking projects expected to generate credits generally 10 to 12 years; consolidated full year adjusted EBITDA is expected to show a substantial year over year increase, full year operating profit to be comparable to 2025 despite approximately $15 million of solar related impairment and curtailment costs, and income before income taxes and net income to increase year over year, while fourth quarter 26 net income is expected to increase year over year and consolidated operating profit and adjusted EBITDA could be lower than the prior year quarter depending on the timing of additional solar project curtailment costs; NACCO expects meaningful year over year improvements in operating profit net income and consolidated EBITDA in 2027, cash generated from operations to increase moderately in 2026, cash flow before financing to be a use of cash for the year and improve modestly from 2025, and cash flow before financing to improve in 2027; it expects to invest up to $32 million during the remainder of 2026 and up to $56 million in 2027, including a $20 million annual budget for minerals royalty growth investments, $16 million of Sawtooth capital expenditures in 2027, and the remaining $20 million budgeted for ongoing operations and other business development opportunities.
NACCO Industries Financial Statement Overview
Summary
Overall fundamentals are mixed. Revenue has improved and profitability has stabilized versus the 2023 loss, but margins remain well below 2021–2022 peak levels and earnings have been volatile (Income Statement score 58). The balance sheet is a strength with low leverage and a solid equity cushion (Balance Sheet score 77). Operating cash flow is consistently positive, but free cash flow and cash conversion have been choppy (Cash Flow score 54).
Income Statement
58NeutralBalance Sheet
77PositiveCash Flow
54Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 282.36M | 277.20M | 237.71M | 214.79M | 241.72M | 191.85M |
| Gross Profit | 52.98M | 37.72M | 29.76M | 14.59M | 67.84M | 43.45M |
| EBITDA | 48.34M | 44.17M | 63.86M | -32.31M | 116.57M | 81.65M |
| Net Income | 14.94M | 17.57M | 33.74M | -39.59M | 74.16M | 48.13M |
Balance Sheet | ||||||
| Total Assets | 708.09M | 661.23M | 631.69M | 539.71M | 568.07M | 507.22M |
| Cash, Cash Equivalents and Short-Term Investments | 56.52M | 49.71M | 72.83M | 85.11M | 110.75M | 86.00M |
| Total Debt | 131.71M | 108.84M | 110.53M | 44.74M | 27.20M | 30.44M |
| Total Liabilities | 262.71M | 231.99M | 226.74M | 157.37M | 141.11M | 155.10M |
| Stockholders Equity | 445.38M | 429.24M | 404.95M | 382.34M | 426.97M | 352.12M |
Cash Flow | ||||||
| Free Cash Flow | -22.64M | 2.28M | -32.42M | 9.08M | 25.21M | 35.65M |
| Operating Cash Flow | 40.58M | 50.91M | 22.29M | 54.49M | 67.73M | 74.88M |
| Investing Cash Flow | -71.81M | -64.18M | -71.29M | -81.60M | -33.15M | -44.15M |
| Financing Cash Flow | 35.09M | -9.86M | 36.73M | 1.47M | -9.84M | -33.17M |
NACCO Industries Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NC, the sentiment is Neutral. The current price of 35.19 is above the 20-day moving average (MA) of 34.28, below the 50-day MA of 36.16, and below the 200-day MA of 45.87, indicating a neutral trend. The MACD of -0.33 indicates Negative momentum. The RSI at 50.80 is Neutral, neither overbought nor oversold. The STOCH value of 64.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NC.
NACCO Industries Risk Analysis
NACCO Industries disclosed 33 risk factors in its most recent earnings report. NACCO Industries reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate13
- Tech & Innovation2
- Legal & Regulatory4
- Production8
- Ability to Sell4
- Macro & Political2
Latest Risks Added
3 New RisksNACCO Industries Peers Comparison
Overall Rating
NRP81Outperform
SXC62Neutral- NC58Neutral
HNRG45Neutral
AREC42Neutral
METC40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| NRP | 81Outperform | $1.64B | 16.32 | 15.66% | 2.51% | -9.70% | -31.47% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| SXC | 62Neutral | $906.46M | -16.49 | -9.33% | 4.46% | 2.90% | -184.56% |
| NC | 58Neutral | $265.87M | 17.86 | 3.42% | 2.93% | 0.54% | -49.39% |
| HNRG | 45Neutral | $517.65M | -17.45 | -15.78% | ― | -4.84% | 84.69% |
| AREC | 42Neutral | $114.99M | 1.46 | -214.90% | 4.08% | ― | ― |
| METC | 40Underperform | $423.52M | -5.90 | -16.07% | ― | -6.04% | -75.59% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NC | Nacco Industries, Inc. | 35.19 | -16.41 | -31.80% | |
| HNRG | Hallador Energy | 10.85 | -9.40 | -46.42% | |
| NRP | Natural Resource Partners | 124.29 | 23.54 | 23.37% | |
| SXC | Suncoke Energy | 10.76 | 4.62 | 75.30% | |
| METC | Ramaco Resources | 7.15 | -13.60 | -65.54% | |
| AREC | American Resources Corp | 1.03 | -2.05 | -66.58% |
NACCO Industries Corporate Events
NACCO Industries Updates Investor Presentation and Disclosure
NeutralOn August 31, 2026, NACCO Industries, Inc. posted an updated investor presentation on its website, providing historical information about the company’s results of operations. The materials were furnished under specific securities law provisions and e...
NACCO Industries Adds Experienced Independent Director to Board
PositiveOn August 19, 2026, NACCO Industries announced that Patrick J. Burns was appointed as an independent director to its Board of Directors, expanding the Board from 11 to 12 members. Burns brings more than three decades of executive experience, includin...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 05, 2026