NasdaqCM:SFT

Stock Analysis Report

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Executive Summary

Shift Technologies, Inc. provides an online platform that allows people to buy and sell their new and used cars. More Details


Snowflake Analysis

Limited growth with imperfect balance sheet.


Similar Companies

Share Price & News

How has Shift Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SFT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: Insufficient data to determine SFT's volatility change over the past year.


Market Performance


7 Day Return

-0.8%

SFT

1.5%

US Specialty Retail

-0.4%

US Market


1 Year Return

n/a

SFT

33.6%

US Specialty Retail

19.5%

US Market

Return vs Industry: Insufficient data to determine how SFT performed against the US Specialty Retail industry.

Return vs Market: Insufficient data to determine how SFT performed against the US Market.


Shareholder returns

SFTIndustryMarket
7 Day-0.8%1.5%-0.4%
30 Day-3.8%7.0%2.3%
90 Day-23.3%15.1%12.7%
1 Yearn/a34.9%33.6%22.3%19.5%
3 Yearn/a72.7%65.4%44.4%34.8%
5 Yearn/a117.8%101.6%128.7%103.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Shift Technologies undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Shift Technologies is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Shift Technologies has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

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

-14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SFT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SFT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SFT's revenue (74.3% per year) is forecast to grow faster than the US market (10.3% per year).

High Growth Revenue: SFT's revenue (74.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SFT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Shift Technologies performed over the past 5 years?

-5.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SFT is currently unprofitable.

Growing Profit Margin: SFT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SFT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare SFT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SFT is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (15.3%).


Return on Equity

High ROE: SFT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Shift Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: SFT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SFT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SFT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SFT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SFT has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SFT is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Shift Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SFT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SFT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SFT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SFT'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?

1.0yrs

Average management tenure


CEO

George Arison (42 yo)

7.08yrs

Tenure

US$2,007,426

Compensation

Mr. George Arison co-founded Shift Technologies, Inc. in December 2013 and served as its Chief Executive Officer since December 2013. He serves as the Co-Chief Executive Officer and Chairman at Shift Techn...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD2.01M) is about average for companies of similar size in the US market ($USD2.41M).

Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
George Arison
Co-Founder7.08yrsUS$2.01m1.48%
$ 10.1m
Toby Russell
Co-Founderno dataUS$2.91m0.94%
$ 6.4m
Cindy Hanford
Chief Financial Officer0.25yrUS$268.17k0%
$ 0
Sean Foy
Chief Operating Officer2.17yrsUS$1.30m0.17%
$ 1.1m
Christian Ohler
Co-Founder & CTO8yrsno data0.65%
$ 4.4m
Blima Tuller
Senior VP of Accounting & Controller0.17yrno datano data
Amanda Bradley
Head of Legal & Corporate Secretary2yrsno datano data
Josh Pittman
Vice President of Salesno datano datano data
Tracy Lessin
VP & Head of Marketingno datano data0.013%
$ 89.6k
Karan Gupta
Senior Vice President of Engineering0.83yrno datano data
Mark McCollum
Chief Revenue Officer0.33yrno datano data
Henry Bird
VP of Strategy & Finance and Chief of Staff1yrno datano data

1.0yrs

Average Tenure

42yo

Average Age

Experienced Management: SFT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
George Arison
Co-Founder7.08yrsUS$2.01m1.48%
$ 10.1m
Toby Russell
Co-Founderno dataUS$2.91m0.94%
$ 6.4m
Emily Melton
Independent Director6.17yrsno datano data
Jason Krikorian
Independent Director2.33yrsno datano data
Victoria McInnis
Independent Director0.33yrno data0.018%
$ 124.7k
Manish Patel
Independent Director6.17yrsno datano data
Adam Nash
Independent Director0.67yrno data0.0022%
$ 15.3k
Kellyn Kenny
Independent Director0.33yrno datano data

2.3yrs

Average Tenure

43yo

Average Age

Experienced Board: SFT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: SFT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: SFT only recently listed within the past 12 months.


Top Shareholders

Company Information

Shift Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shift Technologies, Inc.
  • Ticker: SFT
  • Exchange: NasdaqCM
  • Founded: 2013
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: US$682.309m
  • Shares outstanding: 82.11m
  • Website: https://shift.com

Number of Employees


Location

  • Shift Technologies, Inc.
  • 2525 16th St.
  • San Francisco
  • California
  • 94103-4234
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFTNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDOct 2020
4GIDB (Deutsche Boerse AG)YesClass A Common StockDEEUROct 2020

Biography

Shift Technologies, Inc. provides an online platform that allows people to buy and sell their new and used cars. The company offers sedans, hatchbacks, wagons, SUVs, vans, coupes, convertibles, and trucks....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 23:12
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.