-0.08%
2.30%
-7.04%
-28.38%
10.90%
-71.36%
-29.35%
AI Spotlight on SHYF
Company Description
The Shyft Group, Inc.manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally.It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles.
The Fleet Vehicles and Services segment manufactures and sells commercial vehicles 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, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands.It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories.
The Specialty Vehicles segment engineers and manufactures luxury class A diesel motor home chassis; and manufactures and assembles truck bodies under the Royal Truck Body and DuraMag brands.It also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries.In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis.
The Shyft Group, Inc.sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities.The company was formerly known as Spartan Motors, Inc.
and changed its name to The Shyft Group, Inc.in June 2020.The Shyft Group, Inc.
was incorporated in 1975 and is headquartered in Novi, Michigan.
Market Data
| Last Price | 12.01 |
| Change Percentage | -0.08% |
| Open | 11.97 |
| Previous Close | 12.02 |
| Market Cap ( Millions) | 414 |
| Volume | 193751 |
| Year High | 17.56 |
| Year Low | 9.81 |
| M A 50 | 12.5 |
| M A 200 | 12.54 |
Financial Ratios
| FCF Yield | 3.03% |
| Dividend Yield | 1.67% |
| ROE | -1.52% |
| Debt / Equity | 72.96% |
| Net Debt / EBIDTA | 851.37% |
| Price To Book | 1.64 |
| Price Earnings Ratio | -108.98 |
| Price To FCF | 32.96 |
| Price To sales | 0.53 |
| EV / EBITDA | 30.17 |
News
- Jan -13 - The Shyft Group Provides Supplemental Information Reinforcing Significant Value Creation Potential of Proposed Merger with Aebi Schmidt
- Dec -30 - The Shyft Group Announces Interim CFO Appointment
- Dec -17 - Shyft & Aebi Schmidt to Unite to Lead Specialty Vehicle Market
- Dec -17 - SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of The Shyft Group, Inc. - SHYF
- Dec -16 - Shareholder Alert: Ademi LLP Investigates Whether the Shyft Group Is Obtaining a Fair Price for Its Public Shareholders
- Dec -16 - The Shyft Group to Merge with Aebi Schmidt Group to Create A Specialty Vehicles Leader
- Dec -10 - First Blue Arc™ Class 4 EV Trucks Ship
- Nov -21 - The Shyft Group Announces Chief Financial Officer to Depart at Year-End
- Oct -30 - The Shyft Group Announces Quarterly Dividend
- Oct -30 - Has The Shyft Group (SHYF) Outpaced Other Auto-Tires-Trucks Stocks This Year?
- Oct -28 - The Shyft Group Expands Blue Arc™ EV Network Through Strategic Partnerships with Allegiance Trucks and Ascendance Truck Centers
- Oct -24 - The Shyft Group, Inc. (SHYF) Q3 2024 Earnings Call Transcript
- Oct -24 - The Shyft Group (SHYF) Q3 Earnings Beat Estimates
- Oct -24 - The Shyft Group Reports Third Quarter 2024 Results
- Oct -10 - The Shyft Group Announces Third Quarter 2024 Financial Results Conference Call
- Sep -17 - The Shyft Group Releases 2024 Sustainability Report, Highlighting Climate Risk Preparedness and Corporate Responsibility
- Sep -12 - The Shyft Group to Participate in the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference
- Sep -05 - The Shyft Group Secures ZEPCert and GHG Certifications for Blue Arc™ EV Truck
- Sep -03 - Builtmore Contract Manufacturing Powers Up Production of Isuzu's All-New NRR-EV
- Aug -28 - The Shyft Group to Participate in the 15th Annual Midwest IDEAS Investor Conference
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Fleet Vehicles and Services
Expected Growth : 4.5 %
What the company do ?
Fleet Vehicles and Services from The Shyft Group, Inc. offers customized commercial vehicles and fleet management solutions for businesses and governments.
Why we expect these perspectives ?
The Shyft Group's Fleet Vehicles and Services segment growth of 4.5% is driven by increasing demand for last-mile delivery solutions, government investments in infrastructure, and a shift towards alternative fuel vehicles. Additionally, the company's focus on electrification, technology integration, and strategic acquisitions have contributed to its growth momentum.
Segment n°2 -> Specialty Vehicles
Expected Growth : 4.8 %
What the company do ?
The Shyft Group, Inc.'s Specialty Vehicles segment manufactures and services high-roof vans, walk-in vans, and truck bodies for the commercial vehicle industry.
Why we expect these perspectives ?
The Shyft Group's Specialty Vehicles segment growth of 4.8% is driven by increasing demand for last-mile delivery solutions, e-commerce growth, and government investments in infrastructure development. Additionally, the company's focus on electric and alternative fuel vehicles, as well as its strategic acquisitions, have contributed to the segment's growth.
Segment n°3 -> Eliminations and Other
Expected Growth : 3.2 %
What the company do ?
Eliminations and Other from The Shyft Group, Inc. refers to the removal of intercompany transactions and other adjustments to present a consolidated financial picture.
Why we expect these perspectives ?
The 3.2% growth in Eliminations and Other segment of The Shyft Group, Inc. is driven by increased intercompany eliminations, favorable foreign exchange rates, and a rise in miscellaneous income, partially offset by higher corporate expenses and investments in growth initiatives.
The Shyft Group, Inc. Products
| Product Range | What is it ? |
|---|---|
| Walk-in Vans | The Shyft Group, Inc. offers a range of walk-in vans designed for various industries, including parcel delivery, telecommunications, and utility services. |
| Step Vans | The company provides step vans for various applications, including parcel delivery, utility services, and telecommunications. |
| Service Bodies | The Shyft Group, Inc. offers customized service bodies for various industries, including utility, telecommunications, and construction. |
| Truck Bodies | The company provides a range of truck bodies designed for various applications, including construction, utility, and municipal services. |
| Bus and Shuttle Conversions | The Shyft Group, Inc. offers customized bus and shuttle conversions for various industries, including healthcare, education, and transportation. |
| Work-Ready Vehicles | The company provides work-ready vehicles designed for various industries, including construction, utility, and telecommunications. |
The Shyft Group, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for The Shyft Group, Inc. is medium due to the presence of alternative products and services in the market, but the company's unique offerings and brand loyalty mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers for The Shyft Group, Inc. is low due to the company's strong brand reputation and customer loyalty, making it difficult for customers to negotiate prices or demand better services.
Bargaining Power Of Suppliers
The bargaining power of suppliers for The Shyft Group, Inc. is medium due to the presence of multiple suppliers in the market, but the company's large scale of operations and long-term contracts mitigate this threat.
Threat Of New Entrants
The threat of new entrants for The Shyft Group, Inc. is high due to the relatively low barriers to entry in the industry, and the company needs to continuously innovate and improve its offerings to stay ahead of potential competitors.
Intensity Of Rivalry
The intensity of rivalry for The Shyft Group, Inc. is high due to the presence of several established competitors in the market, and the company needs to focus on differentiating its products and services to maintain its market share.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 34.42% |
| Debt Cost | 3.95% |
| Equity Weight | 65.58% |
| Equity Cost | 12.34% |
| WACC | 9.45% |
| Leverage | 52.49% |
The Shyft Group, Inc. : Quality Control
The Shyft Group, Inc. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| XOS | Xos, Inc., a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, … |
| HYFM | Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company … |
| ASTE | Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. The company operates in … |
| MTW | The Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the … |
| UGRO | urban-gro, Inc. operates as an engineering design services company that integrates complex environmental equipment systems to create indoor cultivation facilities for the commercial horticulture market in the United States, Canada, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Astec Industries
A-Score
1-Year Total Return ->
🥈
Shyft Group
A-Score
1-Year Total Return ->
🥉
UrbanGro
A-Score
1-Year Total Return ->
4
Hydrofarm Holdings
A-Score
1-Year Total Return ->
5
Manitowoc
A-Score
1-Year Total Return ->
6
