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SFT

Shift Technologies NasdaqCM:SFT Stock Report

Last Price

US$0.66

Market Cap

US$55.6m

7D

-4.5%

1Y

-90.6%

Updated

29 Sep, 2022

Data

Company Financials +
SFT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health0/6
Dividends0/6

SFT Stock Overview

Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars.

Shift Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shift Technologies
Historical stock prices
Current Share PriceUS$0.66
52 Week HighUS$7.58
52 Week LowUS$0.60
Beta1.6
1 Month Change-25.13%
3 Month Change-24.49%
1 Year Change-90.56%
3 Year Change-93.37%
5 Year Changen/a
Change since IPO-93.35%

Recent News & Updates

Shareholder Returns

SFTUS Specialty RetailUS Market
7D-4.5%-2.8%-3.1%
1Y-90.6%-36.3%-21.5%

Return vs Industry: SFT underperformed the US Specialty Retail industry which returned -35.6% over the past year.

Return vs Market: SFT underperformed the US Market which returned -20.3% over the past year.

Price Volatility

Is SFT's price volatile compared to industry and market?
SFT volatility
SFT Average Weekly Movement15.2%
Specialty Retail Industry Average Movement7.8%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SFT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: SFT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20131,232Jeff Clementzhttps://shift.com

Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that enables mobile digital transaction, such as at-home car searching, scheduling an on-demand test drive, and purchasing at home or at the preferred site of a test drive, as well as provides financing and services.

Shift Technologies Fundamentals Summary

How do Shift Technologies's earnings and revenue compare to its market cap?
SFT fundamental statistics
Market CapUS$55.57m
Earnings (TTM)-US$201.10m
Revenue (TTM)US$819.33m

0.1x

P/S Ratio

-0.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFT income statement (TTM)
RevenueUS$819.33m
Cost of RevenueUS$771.57m
Gross ProfitUS$47.76m
Other ExpensesUS$248.86m
Earnings-US$201.10m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-2.37
Gross Margin5.83%
Net Profit Margin-24.54%
Debt/Equity Ratio-1,062.6%

How did SFT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SFT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SFT?

Other financial metrics that can be useful for relative valuation.

SFT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA-1.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SFT's PS Ratio compare to its peers?

SFT PS Ratio vs Peers
The above table shows the PS ratio for SFT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.8x
ECXJ CXJ Group
30.6xn/aUS$70.2m
LOTZ CarLotz
0.1x21.8%US$34.4m
LMPX LMP Automotive Holdings
0.3xn/aUS$102.0m
LAZY Lazydays Holdings
0.1x-6.9%US$143.6m
SFT Shift Technologies
0.07x37.0%US$55.6m

Price-To-Sales vs Peers: SFT is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (7.8x).


Price to Earnings Ratio vs Industry

How does SFT's PE Ratio compare vs other companies in the US Specialty Retail Industry?

Price-To-Sales vs Industry: SFT is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Specialty Retail industry average (0.4x)


Price to Sales Ratio vs Fair Ratio

What is SFT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SFT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.07x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: SFT is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Share Price vs Fair Value

What is the Fair Price of SFT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SFT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SFT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

  • Take a look at our analysis of SFT's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Future Growth

How is Shift Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.1%

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 (37% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: SFT's revenue (37% 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


Discover growth companies

Past Performance

How has Shift Technologies performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-36.4%

Historical annual 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: SFT is unprofitable, and losses have increased over the past 5 years at a rate of 36.4% per year.

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 (0.1%).


Return on Equity

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


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Financial Health

How is Shift Technologies's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SFT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.7% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Shift Technologies Dividend Yield vs Market
How does Shift Technologies dividend yield compare to the market?
SegmentDividend Yield
Company (Shift Technologies)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Specialty Retail)2.6%
Analyst forecast in 3 Years (Shift Technologies)n/a

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SFT has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.9yrs

Average management tenure


CEO

Jeff Clementz (47 yo)

no data

Tenure

Mr. Jeffrey Clementz, also known as Jeff, served as President at Shift Technologies, Inc. since October 1, 2021 until 2022 and serves as its Chief Executive Officer since September 01, 2022. He joined Shif...


Leadership Team

Experienced Management: SFT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: SFT's board of directors are not considered experienced ( 1.9 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of SFT?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders3,799,2384.5%
Public Companies12,827,82615.1%
Institutions26,974,74731.8%
General Public41,222,70748.6%

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


Top Shareholders

Top 25 shareholders own 48.52% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.12%
Lithia Motors, Inc.
12,827,826$8.4m0%no data
4.95%
Cohen & Company Inc.
4,201,514$2.8m0%3.3%
3.14%
The Vanguard Group, Inc.
2,665,358$1.7m-10.92%no data
3.14%
Nantahala Capital Management, LLC
2,662,933$1.7m-28.63%0.18%
3.01%
George Arison
2,551,280$1.7m-3.57%no data
2.81%
DCM Ventures Inc.
2,387,450$1.6m0%0.08%
2.6%
Threshold Ventures Management Company, LLC
2,206,309$1.4m0%0.44%
2.44%
SoftBank Group Corp., Asset Management Arm
2,066,978$1.4m0%0.23%
1.78%
BlackRock, Inc.
1,510,291$989.4k-66.78%no data
1.53%
JPMorgan Chase & Co, Brokerage and Securities Investments
1,295,788$848.9k-8.02%no data
0.99%
Tobias Russell
837,885$548.9k8.45%no data
0.92%
Goldman Sachs Group, Investment Banking and Securities Investments
781,228$511.8k6.19%no data
0.89%
Renaissance Technologies LLC
752,700$493.1k8.43%no data
0.71%
Geode Capital Management, LLC
600,391$393.3k-19.28%no data
0.66%
Millennium Management LLC
557,952$365.5k0%no data
0.56%
Group One Trading LP, Asset Management Arm
475,939$311.8k0.17%0.01%
0.55%
Lazard Asset Management LLC
464,587$304.4k-25.02%no data
0.42%
Jefferies Group LLC, Asset Management Arm
358,124$234.6k0%0.01%
0.39%
Occudo Quantitative Strategies LP
330,445$216.5k-0.33%0.02%
0.39%
Charles Schwab Investment Management, Inc.
328,524$215.2k-23.37%no data
0.37%
Schonfeld Strategic Advisors LLC
313,800$205.6k-12.03%no data
0.33%
Ergoteles LLC
276,300$181.0k0%0.01%
0.32%
Susquehanna International Group, LLP, Asset Management Arm
268,730$176.0k-62.83%no data
0.27%
State Street Global Advisors, Inc.
225,248$147.6k-79.4%no data
0.25%
New York Life Investment Management LLC
211,972$138.9k25.54%no data

Company Information

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


Key Information

  • Name: Shift Technologies, Inc.
  • Ticker: SFT
  • Exchange: NasdaqCM
  • Founded: 2013
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: US$55.569m
  • Shares outstanding: 84.82m
  • Website: https://shift.com

Number of Employees


Location

  • Shift Technologies, Inc.
  • 290 Division Street
  • Suite 400
  • San Francisco
  • California
  • 94103-4893
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFTNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDMay 2019
4GIDB (Deutsche Boerse AG)YesClass A Common StockDEEURMay 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.