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Top 3 Companies in the Construction & Farm Machinery Industry With the Highest Forward Earnings Yield (CYD, CVGI, CNH)

Published on Thu, 02/21/2013 - 11:42
By Robert Cotter

Below are the three companies in the Construction & Farm Machinery industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.

China Yuchai International (NYSE:CYD) is highest with forward earnings yield of 16.3%. China Yuchai International Limited is a holding company. Through its subsidiary, Guangxi Yuchai Machinery Company Limited (Yuchai), manufactures, assembles, and sells diesel engines in China.

China Yuchai International share prices have moved between a 52-week high of $18.52 and a 52-week low of $11.70 and are now trading 42% above that low price at $16.65 per share. The 200-day and 50-day moving averages have moved 0.22% higher and 0.40% higher over the past week, respectively.

Commercial Vehicle (NASDAQ:CVGI) is next with forward earnings yield of 13.3%.

Finishing up the top three is CNH Global (NYSE:CNH), with forward earnings yield of 10.7%.

By Robert Cotter