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The Shyft Group, Inc. (SHYF) Q3 2023 Earnings Call Transcript
The Shyft Group, Inc. (NASDAQ:SHYF ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Randy Wilson - VP, IR and Treasury John Dunn - Incoming President and CEO Daryl Adams - Outgoing President and CEO Jon Douyard - CFO Conference Call Participants Matt Koranda - ROTH Capital Greg Lewis - BTIG Mike Shlisky - D.A. Davidson Operator Good morning and welcome to the Shyft Group's Third Quarter 2023 Conference Call and Webcast.

The Shyft Group (SHYF) Tops Q3 Earnings Estimates
The Shyft Group (SHYF) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.53 per share a year ago.

The Shyft Group to Announce Third Quarter 2023 Financial Results on October 26, 2023
NOVI, Mich., Oct. 10, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its third quarter 2023 financial results prior to the market opening on Thursday, October 26, 2023. A conference call and webcast will begin at 8:30 a.m. ET.

The Shyft Group: Facing Both Short-Term And Long-Term Questions
After The Shyft Group, Inc.'s successful transformation that led to stellar financial results from 2016-2021, the company is facing both short-term and long-term uncertainties. Short term, the company's earnings will likely be dictated by demand trends for RVs and last-mile delivery vehicles. Over the long-term, Shyft's success will be determined by its Blue Arc EV roll-out as e-commerce companies invest in electric fleets.

Hidden Gems: 3 Stocks Flying Under the Radar
As the broader market plateaus after its recovery rally, there remain hidden pockets of value across under-followed sectors, and with smaller-cap companies. With investors fixated on mega-cap tech and blue-chip stocks, many quality companies without much coverage continue to trade at a discount.

Why Shyft Group Stock Is Down Big Today
Shyft delivered solid earnings, but warned it was unlikely to meet expectations for the full year. The company is seeing a slowdown in demand for delivery vehicles and motorhome chassis.

The Shyft Group to Announce Second Quarter 2023 Financial Results on July 27, 2023
NOVI, Mich., July 18, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its second quarter 2023 results prior to the market opening on Thursday, July 27, 2023. A conference call and webcast will begin at 8:30 a.m. ET to discuss its financial results with analysts and institutional investors.

Shyft Group stock up 3% premarket after company announces CEO transition plan
Specialty vehicle manufacturing company Shyft Group Inc.'s stock SHYF, -1.09% rose 3% premarket Monday, after the company announced a leadership transition plan. The Novi, Michigan-based company said Chief Executive Daryl Adams will step down once a successor has been appointed.

The Shyft Group to Attend the 20th Annual Craig-Hallum Institutional Investor Conference
NOVI, Mich., May 31, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Daryl Adams, President and Chief Executive Officer, and Jon Douyard, Chief Financial Officer, will attend the 20th Annual Craig-Hallum Institutional Investor Conference in Minneapolis, Minnesota on May 31, 2023. The Shyft Group will be hosting one-on-one meetings with institutional investors throughout the day.

Shyft Group's new Blue Arc launching medium-duty electric vans, trucks
Michigan-based Shyft Group , a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric trucks and vans under the Blue Arc brand.
SHYF Financial details
SHYF Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 23.2 | 21.42 | 19.05 | 28.07 | 29.29 | |
Net income per share | 0.43 | 1.04 | 0.93 | 1.95 | 1.04 | |
Operating cash flow per share | 0.23 | 0.97 | 1.81 | 2.09 | -0.54 | |
Free cash flow per share | -0.03 | 0.68 | 1.4 | 1.44 | -1.12 | |
Cash per share | 0.78 | 0.55 | 0.59 | 1.05 | 0.33 | |
Book value per share | 5.31 | 4.88 | 5.65 | 7.55 | 7.66 | |
Tangible book value per share | 4.08 | 2.1 | 2.66 | 4.67 | 4.87 | |
Share holders equity per share | 5.31 | 4.88 | 5.65 | 7.55 | 7.66 | |
Interest debt per share | 0.76 | 3.72 | 2.13 | 1.57 | 3.82 | |
Market cap | 254.4M | 638.55M | 1.01B | 1.74B | 871.91M | |
Enterprise value | 252.57M | 748.61M | 1.06B | 1.75B | 991.51M | |
P/E ratio | 16.95 | 17.36 | 30.68 | 25.25 | 23.85 | |
Price to sales ratio | 0.31 | 0.84 | 1.49 | 1.75 | 0.85 | |
POCF ratio | 31.7 | 18.68 | 15.65 | 23.46 | -46.27 | |
PFCF ratio | -265.28 | 26.45 | 20.22 | 34.03 | -22.13 | |
P/B Ratio | 1.36 | 3.71 | 5.03 | 6.51 | 3.25 | |
PTB ratio | 1.36 | 3.71 | 5.03 | 6.51 | 3.25 | |
EV to sales | 0.31 | 0.99 | 1.57 | 1.77 | 0.97 | |
Enterprise value over EBITDA | 12.77 | 15.26 | 21.44 | 18.22 | 16.11 | |
EV to operating cash flow | 31.47 | 21.9 | 16.48 | 23.7 | -52.62 | |
EV to free cash flow | -263.37 | 31.01 | 21.29 | 34.39 | -25.16 | |
Earnings yield | 0.06 | 0.06 | 0.03 | 0.04 | 0.04 | |
Free cash flow yield | 0 | 0.04 | 0.05 | 0.03 | -0.05 | |
Debt to equity | 0.14 | 0.75 | 0.37 | 0.21 | 0.49 | |
Debt to assets | 0.07 | 0.29 | 0.21 | 0.12 | 0.23 | |
Net debt to EBITDA | -0.09 | 2.24 | 1.08 | 0.19 | 1.94 | |
Current ratio | 1.78 | 1.6 | 1.67 | 1.72 | 1.72 | |
Interest coverage | 14.92 | 20.6 | 27.27 | 203.02 | 16.77 | |
Income quality | 0.53 | -2.75 | 1.94 | 1.05 | -0.52 | |
Dividend Yield | 0.01 | 0.01 | 0 | 0 | 0.01 | |
Payout ratio | 0.23 | 0.1 | 0.11 | 0.05 | 0.2 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | |
Intangibles to total assets | 0.12 | 0.22 | 0.29 | 0.23 | 0.17 | |
Capex to operating cash flow | -1.12 | -0.29 | -0.23 | -0.31 | 1.09 | |
Capex to revenue | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | |
Capex to depreciation | -0.87 | -0.9 | -1.02 | -2.03 | -1.39 | |
Stock based compensation to revenue | 0 | 0.01 | 0.01 | 0.01 | 0.01 | |
Graham number | 7.14 | 10.69 | 10.84 | 18.18 | 13.4 | |
ROIC | 0.07 | 0.09 | 0.09 | 0.19 | 0.09 | |
Return on tangible assets | 0.05 | 0.1 | 0.13 | 0.2 | 0.08 | |
Graham Net | 0.05 | -4.85 | -1.53 | -0.6 | -2.38 | |
Working capital | 107.23M | 94.85M | 62.84M | 97.99M | 144.54M | |
Tangible asset value | 143.65M | 74.05M | 94.29M | 164.99M | 170.74M | |
Net current asset value | 77.63M | -25.98M | -2.68M | 52.81M | 33.98M | |
Invested capital | 0.14 | 0.75 | 0.37 | 0.21 | 0.49 | |
Average receivables | 112.99M | 110.38M | 79.27M | 99.64M | 170.48M | |
Average payables | 58.52M | 65.56M | 51.1M | 64.96M | 103.38M | |
Average inventory | 73.84M | 64.72M | 52.94M | 56.81M | 83.67M | |
Days sales outstanding | 63.87 | 37.6 | 43.53 | 43.67 | 78.99 | |
Days payables outstanding | 38.84 | 31.23 | 32.72 | 37.97 | 53.59 | |
Days of inventory on hand | 35.59 | 33.93 | 31.99 | 30.94 | 43.18 | |
Receivables turnover | 5.71 | 9.71 | 8.39 | 8.36 | 4.62 | |
Payables turnover | 9.4 | 11.69 | 11.15 | 9.61 | 6.81 | |
Inventory turnover | 10.26 | 10.76 | 11.41 | 11.8 | 8.45 | |
ROE | 0.08 | 0.21 | 0.16 | 0.26 | 0.14 | |
Capex per share | -0.26 | -0.28 | -0.41 | -0.65 | -0.59 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 8.16 | 8.61 | 6.94 | 6.44 | 5.82 | |
Net income per share | 0.49 | 0.51 | 0.05 | 0.13 | 0.13 | |
Operating cash flow per share | -0.22 | 0.73 | 0.17 | 0.85 | 0.27 | |
Free cash flow per share | -0.34 | 0.55 | 0.04 | 0.67 | 0.12 | |
Cash per share | 0.08 | 0.33 | 0.21 | 0.22 | 0.29 | |
Book value per share | 7.12 | 7.66 | 7.33 | 7.47 | 7.39 | |
Tangible book value per share | 4.3 | 4.87 | 4.56 | 4.73 | 4.64 | |
Share holders equity per share | 7.12 | 7.66 | 7.33 | 7.47 | 7.39 | |
Interest debt per share | 4.15 | 3.77 | 3.99 | 3.06 | 3.92 | |
Market cap | 716.19M | 871.77M | 797.57M | 770.67M | 518.02M | |
Enterprise value | 857.74M | 991.36M | 928.54M | 868.41M | 642.19M | |
P/E ratio | 10.36 | 12.22 | 116.6 | 41.12 | 28.66 | |
Price to sales ratio | 2.5 | 2.89 | 3.28 | 3.42 | 2.57 | |
POCF ratio | -91.54 | 33.99 | 135.48 | 25.92 | 56.33 | |
PFCF ratio | -59.47 | 45.14 | 562.46 | 33.16 | 128.96 | |
P/B Ratio | 2.87 | 3.25 | 3.1 | 2.95 | 2.03 | |
PTB ratio | 2.87 | 3.25 | 3.1 | 2.95 | 2.03 | |
EV to sales | 3 | 3.28 | 3.81 | 3.86 | 3.19 | |
Enterprise value over EBITDA | 33.57 | 43.21 | 121.86 | 79.64 | 76.01 | |
EV to operating cash flow | -109.63 | 38.65 | 157.73 | 29.21 | 69.83 | |
EV to free cash flow | -71.23 | 51.33 | 654.82 | 37.37 | 159.87 | |
Earnings yield | 0.02 | 0.02 | 0 | 0.01 | 0.01 | |
Free cash flow yield | -0.02 | 0.02 | 0 | 0.03 | 0.01 | |
Debt to equity | 0.58 | 0.49 | 0.54 | 0.4 | 0.52 | |
Debt to assets | 0.26 | 0.23 | 0.25 | 0.21 | 0.25 | |
Net debt to EBITDA | 5.54 | 5.21 | 17.19 | 8.96 | 14.7 | |
Current ratio | 1.76 | 1.72 | 1.77 | 1.86 | 1.7 | |
Interest coverage | 19.36 | 16.89 | 2.24 | 4.46 | 2.62 | |
Income quality | -0.45 | 1.44 | 3.51 | 6.35 | 2.04 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0.1 | 0.1 | 1.1 | 0.38 | 0.38 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | |
Intangibles to total assets | 0.18 | 0.17 | 0.17 | 0.19 | 0.18 | |
Capex to operating cash flow | 0.54 | -0.25 | -0.76 | -0.22 | -0.56 | |
Capex to revenue | -0.01 | -0.02 | -0.02 | -0.03 | -0.03 | |
Capex to depreciation | -1.26 | -1.34 | -1.16 | -1.55 | -1.2 | |
Stock based compensation to revenue | 0 | 0.01 | 0.01 | 0.01 | 0.01 | |
Graham number | 8.89 | 9.36 | 2.84 | 4.75 | 4.66 | |
ROIC | 0.04 | 0.03 | 0.01 | 0.01 | 0.02 | |
Return on tangible assets | 0.04 | 0.04 | 0 | 0.01 | 0.01 | |
Graham Net | -2.69 | -2.38 | -2.59 | -1.95 | -2.46 | |
Working capital | 140.49M | 144.54M | 137.92M | 120.04M | 123.77M | |
Tangible asset value | 150.86M | 170.74M | 159.95M | 165.15M | 160.64M | |
Net current asset value | 24.04M | 33.98M | 17.89M | 25.53M | 19.99M | |
Invested capital | 0.58 | 0.49 | 0.54 | 0.4 | 0.52 | |
Average receivables | 172.15M | 210.66M | 209.31M | 170.17M | 156.64M | |
Average payables | 98.44M | 115.47M | 116.06M | 96.77M | 92.52M | |
Average inventory | 106.61M | 105.69M | 104.73M | 105.31M | 108.25M | |
Days sales outstanding | 62.62 | 66.24 | 72.59 | 57.57 | 75.68 | |
Days payables outstanding | 41.37 | 45.9 | 48.39 | 42.31 | 54.31 | |
Days of inventory on hand | 43.15 | 36.99 | 49.06 | 50 | 63.01 | |
Receivables turnover | 1.44 | 1.36 | 1.24 | 1.56 | 1.19 | |
Payables turnover | 2.18 | 1.96 | 1.86 | 2.13 | 1.66 | |
Inventory turnover | 2.09 | 2.43 | 1.83 | 1.8 | 1.43 | |
ROE | 0.07 | 0.07 | 0.01 | 0.02 | 0.02 | |
Capex per share | -0.12 | -0.18 | -0.13 | -0.19 | -0.15 |
SHYF Frequently Asked Questions
What is The Shyft Group, Inc. stock symbol ?
The Shyft Group, Inc. is a US stock , located in Novi of Mi and trading under the symbol SHYF
Is The Shyft Group, Inc. buy or a sell ?
4 stock analysts have 4 predictions with a medium analyst target price of $37.25. The lowest prediction is $29 and the highest is $50
What is SHYF stock prediction ?
What is The Shyft Group, Inc. stock quote today ?
The Shyft Group, Inc. stock price is $11.63 today.
Is The Shyft Group, Inc. stock public?
Yes, The Shyft Group, Inc. is a publicly traded company.