SHYFT GROUP INC/THE (SHYF) Stock Fundamental Analysis
NASDAQ:SHYF - Nasdaq - US8256981031 - Common Stock - Currency: USD
Taking everything into account, SHYF scores 4 out of 10 in our fundamental rating. SHYF was compared to 128 industry peers in the Machinery industry. SHYF has a bad profitability rating. Also its financial health evaluation is rather negative. SHYF has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SHYF was profitable.
In the past year SHYF had a positive cash flow from operations.
SHYF had positive earnings in 4 of the past 5 years.
Of the past 5 years SHYF 4 years had a positive operating cash flow.
1.2 Ratios
SHYF has a Return On Assets of 0.08%. This is in the lower half of the industry: SHYF underperforms 67.19% of its industry peers.
SHYF has a worse Return On Equity (0.18%) than 66.41% of its industry peers.
SHYF has a worse Return On Invested Capital (1.40%) than 71.88% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SHYF is significantly below the industry average of 10.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.08% | ||
| ROE | 0.18% | ||
| ROIC | 1.4% |
ROA(3y)2.35%
ROA(5y)6.31%
ROE(3y)5.03%
ROE(5y)11.46%
ROIC(3y)3.86%
ROIC(5y)9.27%
1.3 Margins
Looking at the Profit Margin, with a value of 0.06%, SHYF is doing worse than 66.41% of the companies in the same industry.
SHYF has a Operating Margin of 0.98%. This is in the lower half of the industry: SHYF underperforms 73.44% of its industry peers.
In the last couple of years the Operating Margin of SHYF has declined.
SHYF's Gross Margin of 20.61% is on the low side compared to the rest of the industry. SHYF is outperformed by 71.88% of its industry peers.
In the last couple of years the Gross Margin of SHYF has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.98% | ||
| PM (TTM) | 0.06% | ||
| GM | 20.61% |
OM growth 3Y-60.5%
OM growth 5Y-39.23%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.17%
GM growth 5Y5.27%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SHYF is destroying value.
SHYF has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SHYF has been reduced compared to 5 years ago.
Compared to 1 year ago, SHYF has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.82 indicates that SHYF is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.82, SHYF perfoms like the industry average, outperforming 44.53% of the companies in the same industry.
The Debt to FCF ratio of SHYF is 9.12, which is on the high side as it means it would take SHYF, 9.12 years of fcf income to pay off all of its debts.
SHYF's Debt to FCF ratio of 9.12 is on the low side compared to the rest of the industry. SHYF is outperformed by 60.16% of its industry peers.
A Debt/Equity ratio of 0.61 indicates that SHYF is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.61, SHYF is doing worse than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 9.12 | ||
| Altman-Z | 2.82 |
ROIC/WACC0.14
WACC9.95%
2.3 Liquidity
SHYF has a Current Ratio of 1.72. This is a normal value and indicates that SHYF is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SHYF (1.72) is worse than 63.28% of its industry peers.
SHYF has a Quick Ratio of 1.15. This is a normal value and indicates that SHYF is financially healthy and should not expect problems in meeting its short term obligations.
SHYF has a Quick ratio (1.15) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
SHYF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.35%, which is quite impressive.
SHYF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.93% yearly.
The Revenue has decreased by -4.08% in the past year.
Measured over the past years, SHYF shows a small growth in Revenue. The Revenue has been growing by 0.77% on average per year.
EPS 1Y (TTM)51.35%
EPS 3Y-39.97%
EPS 5Y-14.93%
EPS Q2Q%275%
Revenue 1Y (TTM)-4.08%
Revenue growth 3Y-7.45%
Revenue growth 5Y0.77%
Sales Q2Q%3.39%
3.2 Future
The Earnings Per Share is expected to grow by 61.10% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 10.16% on average over the next years. This is quite good.
EPS Next Y65.47%
EPS Next 2Y61.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.53%
Revenue Next 2Y10.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.39, SHYF is valued on the expensive side.
SHYF's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of SHYF to the average of the S&P500 Index (27.45), we can say SHYF is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 10.74, the valuation of SHYF can be described as reasonable.
90.63% of the companies in the same industry are more expensive than SHYF, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.90. SHYF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.39 | ||
| Fwd PE | 10.74 |
4.2 Price Multiples
SHYF's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHYF is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.5 | ||
| EV/EBITDA | 18.33 |
4.3 Compensation for Growth
SHYF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SHYF's earnings are expected to grow with 61.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y61.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SHYF has a Yearly Dividend Yield of 1.59%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.83, SHYF pays a bit more dividend than its industry peers.
SHYF's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
5.2 History
The dividend of SHYF is nicely growing with an annual growth rate of 14.80%!
SHYF has paid a dividend for at least 10 years, which is a reliable track record.
SHYF has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14.8%
Div Incr Years0
Div Non Decr Years16
5.3 Sustainability
SHYF pays out 1599.77% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SHYF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP1599.77%
EPS Next 2Y61.1%
EPS Next 3YN/A
12.54
-0.1 (-0.79%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners86.11%
Inst Owner Change-36.74%
Ins Owners2.63%
Ins Owner Change4.75%
Market Cap439.03M
Analysts77.78
Price Target15.81 (26.08%)
Short Float %2.92%
Short Ratio3.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
Yearly Dividend0.2
Dividend Growth(5Y)14.8%
DP1599.77%
Div Incr Years0
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)88.64%
Min EPS beat(2)5.8%
Max EPS beat(2)171.49%
EPS beat(4)3
Avg EPS beat(4)60.4%
Min EPS beat(4)-3.74%
Max EPS beat(4)171.49%
EPS beat(8)7
Avg EPS beat(8)61.81%
EPS beat(12)11
Avg EPS beat(12)65.17%
EPS beat(16)14
Avg EPS beat(16)51.85%
Revenue beat(2)1
Avg Revenue beat(2)-2.86%
Min Revenue beat(2)-6.54%
Max Revenue beat(2)0.81%
Revenue beat(4)1
Avg Revenue beat(4)-5.09%
Min Revenue beat(4)-8.44%
Max Revenue beat(4)0.81%
Revenue beat(8)3
Avg Revenue beat(8)-3.82%
Revenue beat(12)5
Avg Revenue beat(12)-2.48%
Revenue beat(16)9
Avg Revenue beat(16)0.15%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-46.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.39 | ||
| Fwd PE | 10.74 | ||
| P/S | 0.55 | ||
| P/FCF | 26.5 | ||
| P/OCF | 14.89 | ||
| P/B | 1.78 | ||
| P/tB | 3.49 | ||
| EV/EBITDA | 18.33 |
EPS(TTM)0.56
EY4.47%
EPS(NY)1.17
Fwd EY9.31%
FCF(TTM)0.47
FCFY3.77%
OCF(TTM)0.84
OCFY6.72%
SpS22.65
BVpS7.06
TBVpS3.59
PEG (NY)0.34
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.08% | ||
| ROE | 0.18% | ||
| ROCE | 1.95% | ||
| ROIC | 1.4% | ||
| ROICexc | 1.45% | ||
| ROICexgc | 2.04% | ||
| OM | 0.98% | ||
| PM (TTM) | 0.06% | ||
| GM | 20.61% | ||
| FCFM | 2.09% |
ROA(3y)2.35%
ROA(5y)6.31%
ROE(3y)5.03%
ROE(5y)11.46%
ROIC(3y)3.86%
ROIC(5y)9.27%
ROICexc(3y)3.97%
ROICexc(5y)10.12%
ROICexgc(3y)5.34%
ROICexgc(5y)15.78%
ROCE(3y)5.18%
ROCE(5y)12.17%
ROICexcg growth 3Y-68.46%
ROICexcg growth 5Y-43.9%
ROICexc growth 3Y-67.57%
ROICexc growth 5Y-43.14%
OM growth 3Y-60.5%
OM growth 5Y-39.23%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.17%
GM growth 5Y5.27%
F-Score6
Asset Turnover1.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 9.12 | ||
| Debt/EBITDA | 5.18 | ||
| Cap/Depr | 60.63% | ||
| Cap/Sales | 1.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 101.34% | ||
| Profit Quality | 3782.65% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.82 |
F-Score6
WACC9.95%
ROIC/WACC0.14
Cap/Depr(3y)109.65%
Cap/Depr(5y)126.76%
Cap/Sales(3y)2.04%
Cap/Sales(5y)2.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.35%
EPS 3Y-39.97%
EPS 5Y-14.93%
EPS Q2Q%275%
EPS Next Y65.47%
EPS Next 2Y61.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.08%
Revenue growth 3Y-7.45%
Revenue growth 5Y0.77%
Sales Q2Q%3.39%
Revenue Next Year10.53%
Revenue Next 2Y10.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y595.8%
EBIT growth 3Y-63.45%
EBIT growth 5Y-38.76%
EBIT Next Year385.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y453.26%
FCF growth 3Y-31.5%
FCF growth 5Y-7.45%
OCF growth 1Y98.88%
OCF growth 3Y-25.95%
OCF growth 5Y-2.54%