Shyft Total Stockholder Equity vs Common Stock Shares Outstanding Analysis

SHYF Stock  USD 11.64  0.19  1.66%   
Shyft financial indicator trend analysis is much more than just breaking down Shyft Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shyft Group is a good investment. Please check the relationship between Shyft Total Stockholder Equity and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shyft Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Total Stockholder Equity vs Common Stock Shares Outstanding

Total Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shyft Group Total Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shyft's Total Stockholder Equity and Common Stock Shares Outstanding is 0.85. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Shyft Group, assuming nothing else is changed. The correlation between historical values of Shyft's Total Stockholder Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Shyft Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Stockholder Equity i.e., Shyft's Total Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Shyft's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shyft Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shyft Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, Shyft's Enterprise Value Multiple is most likely to drop in the upcoming years. The Shyft's current Enterprise Value is estimated to increase to about 707.4 M, while Tax Provision is forecasted to increase to (5.5 M).
 2021 2022 2023 2024 (projected)
Interest Expense414K2.8M6.5M6.2M
Depreciation And Amortization11.4M14.8M17.0M17.8M

Shyft fundamental ratios Correlations

0.880.330.970.910.950.820.89-0.110.96-0.110.910.780.870.790.85-0.450.960.760.960.840.940.580.81-0.60.76
0.880.30.870.640.840.990.66-0.490.92-0.490.770.480.990.550.7-0.680.950.740.780.890.830.240.88-0.240.77
0.330.30.40.160.070.230.020.250.240.250.120.490.410.130.120.310.42-0.040.4-0.080.140.510.26-0.44-0.23
0.970.870.40.810.870.820.79-0.160.89-0.160.930.710.860.750.78-0.40.980.710.960.80.950.570.73-0.50.69
0.910.640.160.810.930.550.980.190.860.190.810.850.630.850.85-0.30.760.720.880.710.820.670.67-0.770.72
0.950.840.070.870.930.780.94-0.140.96-0.140.860.70.790.790.86-0.570.860.860.860.910.890.460.81-0.550.88
0.820.990.230.820.550.780.59-0.620.86-0.610.740.360.970.480.65-0.730.910.710.710.890.80.110.84-0.120.75
0.890.660.020.790.980.940.590.070.860.070.830.740.630.830.87-0.410.750.740.860.770.850.560.68-0.640.78
-0.11-0.490.25-0.160.19-0.14-0.620.07-0.21.0-0.220.45-0.440.11-0.070.65-0.29-0.22-0.01-0.48-0.240.61-0.28-0.6-0.34
0.960.920.240.890.860.960.860.86-0.2-0.20.810.720.90.660.87-0.630.920.810.840.890.880.460.93-0.490.87
-0.11-0.490.25-0.160.19-0.14-0.610.071.0-0.2-0.220.45-0.440.11-0.070.65-0.29-0.22-0.01-0.48-0.240.61-0.28-0.6-0.34
0.910.770.120.930.810.860.740.83-0.220.81-0.220.620.740.750.82-0.430.880.650.920.80.980.460.62-0.420.74
0.780.480.490.710.850.70.360.740.450.720.450.620.520.660.710.00.650.480.770.410.620.870.58-0.890.46
0.870.990.410.860.630.790.970.63-0.440.9-0.440.740.520.510.69-0.620.950.650.780.820.80.260.88-0.280.69
0.790.550.130.750.850.790.480.830.110.660.110.750.660.510.56-0.050.680.710.860.620.730.60.36-0.720.5
0.850.70.120.780.850.860.650.87-0.070.87-0.070.820.710.690.56-0.560.770.560.770.740.850.510.8-0.480.82
-0.45-0.680.31-0.4-0.3-0.57-0.73-0.410.65-0.630.65-0.430.0-0.62-0.05-0.56-0.51-0.51-0.24-0.78-0.530.23-0.76-0.31-0.83
0.960.950.420.980.760.860.910.75-0.290.92-0.290.880.650.950.680.77-0.510.710.920.840.920.450.82-0.420.71
0.760.74-0.040.710.720.860.710.74-0.220.81-0.220.650.480.650.710.56-0.510.710.660.870.70.30.63-0.390.79
0.960.780.40.960.880.860.710.86-0.010.84-0.010.920.770.780.860.77-0.240.920.660.720.920.640.64-0.650.6
0.840.89-0.080.80.710.910.890.77-0.480.89-0.480.80.410.820.620.74-0.780.840.870.720.860.190.8-0.190.93
0.940.830.140.950.820.890.80.85-0.240.88-0.240.980.620.80.730.85-0.530.920.70.920.860.450.72-0.390.8
0.580.240.510.570.670.460.110.560.610.460.610.460.870.260.60.510.230.450.30.640.190.450.31-0.810.22
0.810.880.260.730.670.810.840.68-0.280.93-0.280.620.580.880.360.8-0.760.820.630.640.80.720.31-0.290.82
-0.6-0.24-0.44-0.5-0.77-0.55-0.12-0.64-0.6-0.49-0.6-0.42-0.89-0.28-0.72-0.48-0.31-0.42-0.39-0.65-0.19-0.39-0.81-0.29-0.19
0.760.77-0.230.690.720.880.750.78-0.340.87-0.340.740.460.690.50.82-0.830.710.790.60.930.80.220.82-0.19
Click cells to compare fundamentals

Shyft Account Relationship Matchups

Shyft fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets450.5M359.0M447.9M580.5M530.0M556.6M
Short Long Term Debt Total129.4M74.3M55.2M131.1M132.4M139.0M
Other Current Liab87.1M23.4M26.4M30.2M21.9M23.0M
Total Current Liabilities158.0M93.4M135.8M201.2M182.8M192.0M
Total Stockholder Equity172.3M200.3M266.8M268.6M252.2M264.8M
Property Plant And Equipment Net72.2M89.2M104.4M124.1M129.3M135.7M
Net Debt110.1M53.3M18.0M119.6M122.4M128.5M
Retained Earnings86.8M109.3M171.4M175.6M158.5M166.4M
Cash19.3M21.0M37.2M11.5M10.0M14.8M
Non Current Assets Total197.7M202.8M214.0M234.7M243.1M255.3M
Cash And Short Term Investments19.3M21.0M37.2M11.5M10.0M14.9M
Net Receivables77.9M80.6M118.7M222.3M164.4M172.6M
Common Stock Shares Outstanding35.3M36.0M36.1M35.5M34.9M35.1M
Liabilities And Stockholders Equity450.5M359.0M447.9M580.5M530.0M556.6M
Non Current Liabilities Total120.8M65.5M45.2M110.6M95.1M99.8M
Inventory59.5M46.4M67.2M100.2M105.1M110.4M
Other Current Assets5.3M8.2M10.8M11.8M7.5M8.4M
Other Stockholder Equity165.4M177.9M85.1M101K116.2K110.3K
Total Liab278.8M158.9M181.0M311.8M277.9M291.8M
Property Plant And Equipment Gross72.2M89.2M104.4M70.8M204.8M215.0M
Total Current Assets252.8M156.2M233.8M345.8M286.9M301.3M
Short Term Debt13.5M21.7M26.0M41.5M56.3M53.5M
Accounts Payable54.7M47.5M82.4M124.3M99.9M104.8M
Non Currrent Assets Other2.3M2.1M2.9M2.2M2.4M1.8M
Intangible Assets54.1M56.4M53.0M49.1M45.3M47.5M
Current Deferred Revenue2.6M756K988K5.3M4.8M4.5M
Good Will33.8M43.6M49.5M48.9M44.0M41.8M
Other Assets27.8M51.2M7.8M12.6M14.5M22.9M
Long Term Debt88.7M23.4M738K56.3M50.1M32.7M
Long Term Debt Total88.7M23.4M738K56.3M64.7M67.9M
Property Plant Equipment72.2M89.2M104.4M70.8M81.4M72.1M
Other Liab4.9M5.4M8.1M10.0M11.5M6.3M
Net Tangible Assets74.6M94.5M164.9M219.5M252.4M153.4M
Short Long Term Debt8.3M6.7M10.2M19.7M34.7M36.4M
Non Current Liabilities Other4.9M5.4M44.4M10.0M8.2M11.7M

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When determining whether Shyft Group is a strong investment it is important to analyze Shyft's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Shyft's future performance. For an informed investment choice regarding Shyft Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shyft Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shyft. If investors know Shyft will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shyft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.31)
Dividend Share
0.2
Earnings Share
(0.10)
Revenue Per Share
22.898
Quarterly Revenue Growth
(0.04)
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shyft's market value can be influenced by many factors that don't directly affect Shyft's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shyft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.