NACCO Industries Inc.
NACCO Industries, Inc. (NACCO) and its wholly owned subsidiary, NACCO Natural Resources Corporation (NACCO Natural Resources, and with NACCO collectively, the Company, we, our or us), bring natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through our robust portfolio of businesses. We operate under three reportable business segments: Utili…
$33.17
+$0.35 (+1.07%)
Live
Operating margin is thin at 7.93%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 16.6%, still solid. Margins contracted 7.1pp, which offsets some of the top-line progress.
ROIC dropped from 5.92% to 3.25%, capital efficiency is deteriorating. Net debt of $71M represents 30.9x FCF, leverage limits flexibility.
14.5x earnings, 109.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$278M
▲ +16.6% YoY
Net Income (TTM)
$17M
▼ -47.9% YoY
Op. Margin
8.29%
▼ -7.1pp YoY
ROIC
3.32%
▼ -2.7pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$2M
▲ +107.0% YoY
Op. Cash Flow (TTM)
$74M
▲ +128.4% YoY
Net Debt
$82M
Cash & Equiv.
$46M
5Y CAGR: +16.6%
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SourceComputed from the 10-Q filed 5 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.
Price from market data, live as of 22 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is NACCO Industries (NC) overvalued?
At a P/E of 14.5 and a price-to-free-cash-flow of 109.5, NACCO Industries (NC) trades above a two-stage DCF intrinsic value of about $-5.57 per share, so at $33.17 the stock looks overvalued (116.8% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NACCO Industries scores 26/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is NACCO Industries's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $-5.57 per share for NC, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $-4.17. At today's $33.17, that puts the stock about 116.8% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is NACCO Industries a high-quality business?+
NACCO Industries scores 26 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 8.3% operating margin and a 3.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does NACCO Industries (NC) pay a dividend, and how much?+
Yes, NACCO Industries pays a regular dividend of about $1.01 per share per year (typically in quarterly installments), a yield of roughly 3.1% at the current price. That is a payout ratio of about 44.2% of earnings, so the dividend is well covered. NACCO Industries has grown the dividend at roughly 6.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NC's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is NACCO Industries a good stock to buy right now?+
That depends on valuation and quality together, not either alone. NC currently trades above its estimated intrinsic value and scores 26/100 on quality (lower-quality). It also yields about 3.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Bituminous Coal & Lignite Surface Mining
Spot a number that looks wrong? Check it in NC's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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