SHYFT GROUP INC/THE (SHYF) Stock Fundamental Analysis
NASDAQ:SHYF - Nasdaq - US8256981031 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to SHYF. SHYF was compared to 128 industry peers in the Machinery industry. SHYF may be in some trouble as it scores bad on both profitability and health. SHYF is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SHYF was profitable.
SHYF had a positive operating cash flow in the past year.
Of the past 5 years SHYF 4 years were profitable.
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 67.97% of its industry peers.
The Return On Equity of SHYF (0.18%) is worse than 67.19% of its industry peers.
With a Return On Invested Capital value of 1.40%, SHYF is not doing good in the industry: 71.09% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for SHYF is significantly below the industry average of 10.30%.
| 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
With a Profit Margin value of 0.06%, SHYF is not doing good in the industry: 67.19% of the companies in the same industry are doing better.
SHYF's Operating Margin of 0.98% is on the low side compared to the rest of the industry. SHYF is outperformed by 72.66% of its industry peers.
SHYF's Operating Margin has declined in the last couple of years.
SHYF has a Gross Margin of 20.61%. This is in the lower half of the industry: SHYF underperforms 71.09% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SHYF is destroying value.
Compared to 1 year ago, SHYF has more shares outstanding
Compared to 5 years ago, SHYF has less shares outstanding
The debt/assets ratio for SHYF is higher compared to a year ago.
2.2 Solvency
SHYF has an Altman-Z score of 2.68. This is not the best score and indicates that SHYF is in the grey zone with still only limited risk for bankruptcy at the moment.
SHYF has a Altman-Z score (2.68) which is in line with its industry peers.
SHYF has a debt to FCF ratio of 9.12. This is a negative value and a sign of low solvency as SHYF would need 9.12 years to pay back of all of its debts.
SHYF has a Debt to FCF ratio (9.12) which is in line with its industry peers.
SHYF has a Debt/Equity ratio of 0.61. This is a neutral value indicating SHYF is somewhat dependend on debt financing.
SHYF has a Debt to Equity ratio of 0.61. This is in the lower half of the industry: SHYF underperforms 60.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 9.12 | ||
| Altman-Z | 2.68 |
ROIC/WACC0.14
WACC9.98%
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.
With a Current ratio value of 1.72, SHYF is not doing good in the industry: 64.06% of the companies in the same industry are doing better.
A Quick Ratio of 1.15 indicates that SHYF should not have too much problems paying its short term obligations.
SHYF has a Quick ratio of 1.15. This is comparable to the rest of the industry: SHYF outperforms 43.75% of 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.
The earnings per share for SHYF have been decreasing by -14.93% on average. This is quite bad
The Revenue has decreased by -4.08% in the past year.
SHYF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.77% yearly.
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
SHYF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 61.10% yearly.
Based on estimates for the next years, SHYF will show a quite strong growth in Revenue. The Revenue will grow by 10.16% on average per year.
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
Based on the Price/Earnings ratio of 18.73, the valuation of SHYF can be described as rather expensive.
Based on the Price/Earnings ratio, SHYF is valued a bit cheaper than 66.41% of the companies in the same industry.
SHYF is valuated rather cheaply when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.98, the valuation of SHYF can be described as reasonable.
92.19% of the companies in the same industry are more expensive than SHYF, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, SHYF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 8.98 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHYF is on the same level as its industry peers.
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 | 22.17 | ||
| EV/EBITDA | 15.69 |
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)0.29
PEG (5Y)N/A
EPS Next 2Y61.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SHYF has a Yearly Dividend Yield of 1.93%. Purely for dividend investing, there may be better candidates out there.
SHYF's Dividend Yield is rather good when compared to the industry average which is at 1.90. SHYF pays more dividend than 85.16% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, SHYF has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
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.
SHYF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP1599.77%
EPS Next 2Y61.1%
EPS Next 3YN/A
10.49
+0.14 (+1.35%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners86.83%
Inst Owner Change2.76%
Ins Owners2.52%
Ins Owner Change19.15%
Market Cap367.25M
Analysts77.78
Price Target15.81 (50.71%)
Short Float %2.21%
Short Ratio2.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
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)3.33%
EPS NQ rev (1m)-46.69%
EPS NQ rev (3m)-25.51%
EPS NY rev (1m)-6.41%
EPS NY rev (3m)-3.27%
Revenue NQ rev (1m)-8.81%
Revenue NQ rev (3m)-6.52%
Revenue NY rev (1m)-0.76%
Revenue NY rev (3m)1.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 8.98 | ||
| P/S | 0.46 | ||
| P/FCF | 22.17 | ||
| P/OCF | 12.45 | ||
| P/B | 1.48 | ||
| P/tB | 2.92 | ||
| EV/EBITDA | 15.69 |
EPS(TTM)0.56
EY5.34%
EPS(NY)1.17
Fwd EY11.13%
FCF(TTM)0.47
FCFY4.51%
OCF(TTM)0.84
OCFY8.03%
SpS22.65
BVpS7.06
TBVpS3.59
PEG (NY)0.29
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 | 2.68 |
F-Score6
WACC9.98%
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%