Stock fact sheet · data as of
NACCO Industries, Inc. (NC): fair value, margin of safety and Wheel Score
Energy · Coal · United States · Defensive
Is NC undervalued?
NC closed at 33.62 on 16 Oct 2026, more than 30% above the GLS average fair value of 25.56. Only 2 of the 7 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
There is a wide gap between GLS Growth (6.71) and Graham Number (54.61). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files NC under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for NC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 54.61 | +62% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 36.98 | +10% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.17 | -73% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 6.71 | -80% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 30.83 | -8% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 15.16 | -55% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 25.47 | -24% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2.27 | -107% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
NACCO Industries, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.4/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 3.3%, ROE 4.1%, ROA 2.7% - with debt at 0.25 times equity and negative free cash flow.
The dividend yield is 3.06% at a payout ratio of 44%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Coal Mining 64%, Minerals Management 36% (quarter Q1 FY2025).
Institutional ownership scores 4/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 3.3% |
|---|---|---|---|
| GLS Moat | 1.4 / 10 | ROE | 4.1% |
| Debt / equity | 0.25 | ROA | 2.7% |
| Free-cash-flow yield | -3.5% | Payout ratio | 44% |
| Institutions | 4 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 19: No options
No options are listed on NACCO Industries, Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 19) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 32k shares a day on a market cap of $254M, with a beta of 0.45 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -32% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 2 / 15 | moat 1.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 32k shares/day, $254M cap, beta 0.45 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Coal
The 12 companies below are the closest to NACCO Industries, Inc. by market cap within the Coal industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CODQL Coronado Global Resources Inc. | 0.1200 | 0.2752 | +56% | 38No options | $201M |
| PDER Pardee Resources Company | 299.00 | 193.81 | -54% | 21No options | $195M |
| METCB Ramaco Resources, Inc. | 4.15 | 1.06 | -291% | 19No options | $354M |
| METCZ Ramaco Resources, Inc. | 24.78 | 1.06 | -2234% | 19No options | $478M |
| METC Ramaco Resources, Inc. | 8.34 | 1.06 | -685% | 35Weak | $480M |
| AREC American Resources Corporation | 1.20 | 16.92 | +93% | 57Fair | $128M |
| NRP Natural Resource Partners L.P. | 111.62 | 131.71 | +15% | 64Fair | $1.5B |
| AMR Alpha Metallurgical Resources, Inc. | 169.71 | 217.44 | +22% | 45Weak | $2.2B |
| BTU Peabody Energy Corporation | 24.02 | 63.42 | +62% | 45Weak | $2.9B |
| ARLP Alliance Resource Partners, L.P. | 25.19 | 39.96 | +37% | 74Good | $3.2B |
| CNR Core Natural Resources, Inc. | 89.00 | 185.62 | +52% | 78Good | $4.4B |
| HCC Warrior Met Coal, Inc. | 89.46 | 62.46 | -43% | 51Fair | $4.7B |
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Start free See the Sunday ScanQuestions about NC
Is NC undervalued right now?
No: at 33.62 the stock trades 32% above the GLS average fair value of 25.56 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of NC and what does it mean?
NC has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for NC?
25.56 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does NACCO Industries, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NC, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.