NasdaqGS:SHYF

Stock Analysis Report

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Executive Summary

The Shyft Group, Inc., through its subsidiary Spartan Motors USA, Inc., manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. More Details


Snowflake Analysis

Outstanding track record with high growth potential.


Similar Companies

Share Price & News

How has Shyft Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SHYF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SHYF's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

SHYF

-0.7%

US Machinery

-0.9%

US Market


1 Year Return

62.5%

SHYF

21.7%

US Machinery

19.6%

US Market

Return vs Industry: SHYF exceeded the US Machinery industry which returned 24.1% over the past year.

Return vs Market: SHYF exceeded the US Market which returned 21% over the past year.


Shareholder returns

SHYFIndustryMarket
7 Day-0.8%-0.7%-0.9%
30 Day5.4%5.9%3.0%
90 Day40.3%15.3%11.5%
1 Year63.4%62.5%24.7%21.7%22.3%19.6%
3 Year101.5%96.9%28.0%19.0%45.3%35.7%
5 Year982.1%932.8%177.7%147.5%124.8%99.9%

Long-Term Price Volatility Vs. Market

How volatile is Shyft Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shyft Group undervalued compared to its fair value and its price relative to the market?

37.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHYF ($29.44) is trading below our estimate of fair value ($47.28)

Significantly Below Fair Value: SHYF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SHYF is good value based on its PE Ratio (23.8x) compared to the US Machinery industry average (34.1x).

PE vs Market: SHYF is poor value based on its PE Ratio (23.8x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: SHYF is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: SHYF is overvalued based on its PB Ratio (5.2x) compared to the US Machinery industry average (3.1x).


Next Steps

Future Growth

How is Shyft Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHYF's forecast earnings growth (29.4% per year) is above the savings rate (2%).

Earnings vs Market: SHYF's earnings (29.4% per year) are forecast to grow faster than the US market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SHYF's revenue (12.7% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: SHYF's revenue (12.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHYF's Return on Equity is forecast to be high in 3 years time (20.9%)


Next Steps

Past Performance

How has Shyft Group performed over the past 5 years?

56.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHYF has high quality earnings.

Growing Profit Margin: SHYF's current net profit margins (6.4%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: SHYF has become profitable over the past 5 years, growing earnings by 56.8% per year.

Accelerating Growth: SHYF's earnings growth over the past year (59.4%) exceeds its 5-year average (56.8% per year).

Earnings vs Industry: SHYF earnings growth over the past year (59.4%) exceeded the Machinery industry -15.5%.


Return on Equity

High ROE: SHYF's Return on Equity (22.2%) is considered high.


Next Steps

Financial Health

How is Shyft Group's financial position?


Financial Position Analysis

Short Term Liabilities: SHYF's short term assets ($217.5M) exceed its short term liabilities ($111.0M).

Long Term Liabilities: SHYF's short term assets ($217.5M) exceed its long term liabilities ($84.4M).


Debt to Equity History and Analysis

Debt Level: SHYF's debt to equity ratio (30.5%) is considered satisfactory.

Reducing Debt: SHYF's debt to equity ratio has increased from 3.1% to 30.5% over the past 5 years.

Debt Coverage: SHYF's debt is well covered by operating cash flow (79.7%).

Interest Coverage: SHYF's interest payments on its debt are well covered by EBIT (37.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Shyft Group current dividend yield, its reliability and sustainability?

0.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHYF's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: SHYF's dividend (0.34%) is low compared to the top 25% of dividend payers in the US market (3.84%).


Stability and Growth of Payments

Stable Dividend: SHYF is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: SHYF is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SHYF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SHYF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Daryl Adams (58 yo)

5.92yrs

Tenure

US$4,395,821

Compensation

Mr. Daryl M. Adams has been the Chief Executive Officer of The Shyft Group, Inc. (formerly known as Spartan Motors, Inc.) since February 19, 2015 and has been its President since February 2015. Mr. Adams s...


CEO Compensation Analysis

Compensation vs Market: Daryl's total compensation ($USD4.40M) is above average for companies of similar size in the US market ($USD2.38M).

Compensation vs Earnings: Daryl's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Daryl Adams
President5.92yrsUS$4.40m1.23%
$ 12.9m
Stephen Guillaume
President of Specialty Chassis & Vehicles5.67yrsUS$872.02k0.16%
$ 1.6m
Chad Heminover
President of Spartan Fleet Vehicles & Services2.67yrsUS$872.96k0.044%
$ 465.2k
Jonathan Douyard
Chief Financial Officer0.83yrno datano data
Todd Heavin
Chief Operating Officer1.58yrsno datano data
Andrew Anderson
Chief Information Officer1.17yrsno datano data
Juris Pagrabs
Director of Investor Relations & Group Treasurerno datano datano data
Ryan Roney
Chief Legal Officer & Corporate Secretary2.5yrsno data0.066%
$ 694.2k
Samara Hamilton
Vice President of Marketing & Communicationsno datano datano data
Colin Hindman
Chief Human Resources Officer0.58yrno datano data
Todd Fierro
President of Emergency Response2yrsno datano data
Thomas Kivell
Consultant2.5yrsUS$615.55kno data

2.3yrs

Average Tenure

54yo

Average Age

Experienced Management: SHYF's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daryl Adams
President5.92yrsUS$4.40m1.23%
$ 12.9m
Michael Dinkins
Director0.083yrno datano data
Richard Dauch
Independent Director10.92yrsUS$220.01k0.26%
$ 2.7m
Terri Pizzuto
Directorno datano datano data
James Sharman
Independent Chairman of the Board3.67yrsUS$380.02k0.22%
$ 2.3m
Paul Mascarenas
Independent Director2.58yrsUS$237.51k0.097%
$ 1.0m
Mark Rourke
Directorno datano datano data
Angela Freeman
Independent Director1.42yrsUS$81.92kno data
Ronald Harbour
Independent Director11.75yrsUS$221.26k0.13%
$ 1.4m
Thomas Clevinger
Independent Director2.75yrsUS$220.01k0.062%
$ 643.7k

3.2yrs

Average Tenure

60yo

Average Age

Experienced Board: SHYF's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

The Shyft Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Shyft Group, Inc.
  • Ticker: SHYF
  • Exchange: NasdaqGS
  • Founded: 1975
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$1.046b
  • Shares outstanding: 35.55m
  • Website: https://www.theshyftgroup.com

Number of Employees


Location

  • The Shyft Group, Inc.
  • 41280 Bridge Street
  • Novi
  • Michigan
  • 48375
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHYFNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1984
SP8DB (Deutsche Boerse AG)YesCommon StockDEEURJun 1984

Biography

The Shyft Group, Inc., through its subsidiary Spartan Motors USA, Inc., manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 23:26
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.