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SHYF

Shyft GroupNasdaqGS:SHYF Stock Report

Last Price

US$42.40

Market Cap

US$1.5b

7D

-9.8%

1Y

33.0%

Updated

22 Jan, 2022

Data

Company Financials +
SHYF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance3/6
Financial Health6/6
Dividends0/6

SHYF Stock Overview

The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally.

Shyft Group Competitors

Federal Signal

NYSE:FSS

US$2.4b

Douglas Dynamics

NYSE:PLOW

US$820.9m

Commercial Vehicle Group

NasdaqGS:CVGI

US$258.9m

LCI Industries

NYSE:LCII

US$3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Shyft Group
Historical stock prices
Current Share PriceUS$42.40
52 Week HighUS$54.50
52 Week LowUS$29.58
Beta1.49
1 Month Change-12.43%
3 Month Change8.55%
1 Year Change32.96%
3 Year Change424.75%
5 Year Change353.48%
Change since IPO5,624.00%

Recent News & Updates

Dec 25
I Ran A Stock Scan For Earnings Growth And Shyft Group (NASDAQ:SHYF) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Shyft Group (NASDAQ:SHYF) Passed With Ease

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Nov 24
Estimating The Intrinsic Value Of The Shyft Group, Inc. (NASDAQ:SHYF)

Estimating The Intrinsic Value Of The Shyft Group, Inc. (NASDAQ:SHYF)

In this article we are going to estimate the intrinsic value of The Shyft Group, Inc. ( NASDAQ:SHYF ) by taking the...

Shareholder Returns

SHYFUS MachineryUS Market
7D-9.8%-5.1%-6.1%
1Y33.0%4.6%4.2%

Return vs Industry: SHYF exceeded the US Machinery industry which returned 4.6% over the past year.

Return vs Market: SHYF exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is SHYF's price volatile compared to industry and market?
SHYF volatility
SHYF Average Weekly Movement6.8%
Machinery Industry Average Movement5.1%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: SHYF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SHYF's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19752,220Daryl Adamshttps://www.theshyftgroup.com

The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. The company’s Fleet Vehicles and Services segment manufactures and sells commercial vehicles that are used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries. This segment markets its commercial vehicles under the Aeromaster, Velocity, Trademaster, and Utilivan brand names; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands.

Shyft Group Fundamentals Summary

How do Shyft Group's earnings and revenue compare to its market cap?
SHYF fundamental statistics
Market CapUS$1.50b
Earnings (TTM)US$56.52m
Revenue (TTM)US$886.07m

26.5x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHYF income statement (TTM)
RevenueUS$886.07m
Cost of RevenueUS$702.90m
Gross ProfitUS$183.17m
ExpensesUS$126.65m
EarningsUS$56.52m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.60
Gross Margin20.67%
Net Profit Margin6.38%
Debt/Equity Ratio1.9%

How did SHYF perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

6%

Payout Ratio

Valuation

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

3.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHYF ($42.4) is trading below our estimate of fair value ($43.75)

Significantly Below Fair Value: SHYF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SHYF is good value based on its PE Ratio (26.5x) compared to the US Machinery industry average (27.7x).

PE vs Market: SHYF is poor value based on its PE Ratio (26.5x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: SHYF is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: SHYF is overvalued based on its PB Ratio (6.1x) compared to the US Machinery industry average (2.6x).


Future Growth

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

26.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHYF's forecast earnings growth (26.3% per year) is above the savings rate (2%).

Earnings vs Market: SHYF's earnings (26.3% per year) are forecast to grow faster than the US market (12.9% per year).

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

Revenue vs Market: SHYF's revenue (13% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: SHYF's revenue (13% 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 (23.1%)


Past Performance

How has Shyft Group performed over the past 5 years?

38.3%

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 lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: SHYF has become profitable over the past 5 years, growing earnings by 38.3% per year.

Accelerating Growth: SHYF's earnings growth over the past year (28.6%) is below its 5-year average (38.3% per year).

Earnings vs Industry: SHYF earnings growth over the past year (28.6%) underperformed the Machinery industry 34.4%.


Return on Equity

High ROE: SHYF's Return on Equity (23.4%) is considered high.


Financial Health

How is Shyft Group's financial position?


Financial Position Analysis

Short Term Liabilities: SHYF's short term assets ($219.1M) exceed its short term liabilities ($139.8M).

Long Term Liabilities: SHYF's short term assets ($219.1M) exceed its long term liabilities ($43.3M).


Debt to Equity History and Analysis

Debt Level: SHYF has more cash than its total debt.

Reducing Debt: SHYF's debt to equity ratio has reduced from 3.2% to 1.9% over the past 5 years.

Debt Coverage: SHYF's debt is well covered by operating cash flow (1873.6%).

Interest Coverage: SHYF earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHYF's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: SHYF's dividend (0.24%) is low compared to the top 25% of dividend payers in the US market (3.61%).


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?

2.8yrs

Average management tenure


CEO

Daryl Adams (59 yo)

6.92yrs

Tenure

US$4,495,767

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 ($USD4.50M) is about average for companies of similar size in the US market ($USD3.74M).

Compensation vs Earnings: Daryl's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SHYF's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: SHYF's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SHYF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Shyft Group, Inc.'s 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
  • Implied Market Cap: US$1.499b
  • Shares outstanding: 35.35m
  • Website: https://www.theshyftgroup.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 23:30
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.