Shyft Capital Surpluse vs Retained Earnings Analysis

SHYF Stock

USD 12.67 0.02 0.16%

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 Capital Surpluse and its Retained Earnings 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 tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

Capital Surpluse vs Retained Earnings

Capital Surpluse vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shyft Group Capital Surpluse account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shyft's Capital Surpluse and Retained Earnings is 0.66. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Retained Earnings 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 Capital Surpluse and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Shyft Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Surpluse i.e., Shyft's Capital Surpluse and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Surpluse

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

At this time, Shyft's Discontinued Operations is most likely to decrease significantly 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 Expense	414K	2.8M	6.5M	6.2M
Depreciation And Amortization	12.2M	14.0M	17.0M	17.8M

Interest Expense Depreciation And Amortization

Shyft fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Non Currrent Assets Other	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.88	0.55	0.97	0.91	0.95	0.82	0.89	-0.11	0.96	-0.11	0.91	0.78	0.87	0.79	0.85	-0.45	0.96	0.76	0.96	0.83	0.94	0.58	0.81	-0.6	0.76
Short Long Term Debt Total	0.88		0.53	0.87	0.64	0.84	0.99	0.66	-0.49	0.92	-0.49	0.77	0.48	0.99	0.55	0.7	-0.68	0.95	0.74	0.78	0.91	0.83	0.24	0.88	-0.24	0.77
Other Current Liab	0.55	0.53		0.6	0.35	0.31	0.45	0.24	0.15	0.48	0.15	0.34	0.62	0.62	0.28	0.34	0.09	0.63	0.17	0.58	0.21	0.37	0.58	0.48	-0.5	0.03
Total Current Liabilities	0.97	0.87	0.6		0.81	0.87	0.82	0.79	-0.16	0.89	-0.16	0.93	0.71	0.86	0.75	0.78	-0.4	0.98	0.71	0.96	0.81	0.95	0.57	0.73	-0.5	0.69
Total Stockholder Equity	0.91	0.64	0.35	0.81		0.93	0.55	0.98	0.19	0.86	0.19	0.81	0.85	0.63	0.85	0.85	-0.3	0.76	0.72	0.88	0.69	0.82	0.67	0.67	-0.77	0.72
Property Plant And Equipment Net	0.95	0.84	0.31	0.87	0.93		0.78	0.94	-0.14	0.96	-0.14	0.86	0.7	0.79	0.79	0.86	-0.57	0.86	0.86	0.86	0.9	0.89	0.46	0.81	-0.55	0.88
Net Debt	0.82	0.99	0.45	0.82	0.55	0.78		0.59	-0.62	0.86	-0.61	0.74	0.36	0.97	0.48	0.65	-0.73	0.91	0.71	0.71	0.91	0.8	0.11	0.84	-0.12	0.75
Retained Earnings	0.89	0.66	0.24	0.79	0.98	0.94	0.59		0.07	0.86	0.07	0.83	0.74	0.63	0.83	0.87	-0.41	0.75	0.74	0.86	0.74	0.85	0.56	0.68	-0.64	0.78
Cash	-0.11	-0.49	0.15	-0.16	0.19	-0.14	-0.62	0.07		-0.2	1.0	-0.22	0.45	-0.44	0.11	-0.07	0.65	-0.29	-0.22	-0.01	-0.49	-0.24	0.61	-0.28	-0.6	-0.34
Non Current Assets Total	0.96	0.92	0.48	0.89	0.86	0.96	0.86	0.86	-0.2		-0.2	0.81	0.72	0.9	0.66	0.87	-0.63	0.92	0.81	0.84	0.88	0.88	0.46	0.93	-0.49	0.87
Cash And Short Term Investments	-0.11	-0.49	0.15	-0.16	0.19	-0.14	-0.61	0.07	1.0	-0.2		-0.22	0.45	-0.44	0.11	-0.07	0.65	-0.29	-0.22	-0.01	-0.49	-0.24	0.61	-0.28	-0.6	-0.34
Net Receivables	0.91	0.77	0.34	0.93	0.81	0.86	0.74	0.83	-0.22	0.81	-0.22		0.62	0.74	0.75	0.82	-0.43	0.88	0.65	0.92	0.79	0.98	0.46	0.62	-0.42	0.74
Common Stock Shares Outstanding	0.78	0.48	0.62	0.71	0.85	0.7	0.36	0.74	0.45	0.72	0.45	0.62		0.52	0.66	0.71	0.0	0.65	0.48	0.77	0.39	0.62	0.87	0.58	-0.89	0.46
Non Current Liabilities Total	0.87	0.99	0.62	0.86	0.63	0.79	0.97	0.63	-0.44	0.9	-0.44	0.74	0.52		0.51	0.69	-0.62	0.95	0.65	0.78	0.83	0.8	0.26	0.88	-0.28	0.69
Inventory	0.79	0.55	0.28	0.75	0.85	0.79	0.48	0.83	0.11	0.66	0.11	0.75	0.66	0.51		0.56	-0.05	0.68	0.71	0.86	0.63	0.73	0.6	0.36	-0.72	0.5
Other Current Assets	0.85	0.7	0.34	0.78	0.85	0.86	0.65	0.87	-0.07	0.87	-0.07	0.82	0.71	0.69	0.56		-0.56	0.77	0.56	0.77	0.7	0.85	0.51	0.8	-0.48	0.82
Other Stockholder Equity	-0.45	-0.68	0.09	-0.4	-0.3	-0.57	-0.73	-0.41	0.65	-0.63	0.65	-0.43	0.0	-0.62	-0.05	-0.56		-0.51	-0.51	-0.24	-0.75	-0.53	0.23	-0.76	-0.31	-0.83
Total Liab	0.96	0.95	0.63	0.98	0.76	0.86	0.91	0.75	-0.29	0.92	-0.29	0.88	0.65	0.95	0.68	0.77	-0.51		0.71	0.92	0.85	0.92	0.45	0.82	-0.42	0.71
Property Plant And Equipment Gross	0.76	0.74	0.17	0.71	0.72	0.86	0.71	0.74	-0.22	0.81	-0.22	0.65	0.48	0.65	0.71	0.56	-0.51	0.71		0.66	0.89	0.7	0.3	0.63	-0.39	0.79
Total Current Assets	0.96	0.78	0.58	0.96	0.88	0.86	0.71	0.86	-0.01	0.84	-0.01	0.92	0.77	0.78	0.86	0.77	-0.24	0.92	0.66		0.72	0.92	0.64	0.64	-0.65	0.6
Short Term Debt	0.83	0.91	0.21	0.81	0.69	0.9	0.91	0.74	-0.49	0.88	-0.49	0.79	0.39	0.83	0.63	0.7	-0.75	0.85	0.89	0.72		0.85	0.18	0.78	-0.19	0.9
Accounts Payable	0.94	0.83	0.37	0.95	0.82	0.89	0.8	0.85	-0.24	0.88	-0.24	0.98	0.62	0.8	0.73	0.85	-0.53	0.92	0.7	0.92	0.85		0.45	0.72	-0.39	0.8
Non Currrent Assets Other	0.58	0.24	0.58	0.57	0.67	0.46	0.11	0.56	0.61	0.46	0.61	0.46	0.87	0.26	0.6	0.51	0.23	0.45	0.3	0.64	0.18	0.45		0.31	-0.81	0.22
Intangible Assets	0.81	0.88	0.48	0.73	0.67	0.81	0.84	0.68	-0.28	0.93	-0.28	0.62	0.58	0.88	0.36	0.8	-0.76	0.82	0.63	0.64	0.78	0.72	0.31		-0.29	0.82
Current Deferred Revenue	-0.6	-0.24	-0.5	-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
Common Stock Total Equity	0.76	0.77	0.03	0.69	0.72	0.88	0.75	0.78	-0.34	0.87	-0.34	0.74	0.46	0.69	0.5	0.82	-0.83	0.71	0.79	0.6	0.9	0.8	0.22	0.82	-0.19

Click cells to compare fundamentals

Shyft Account Relationship Matchups

Shyft fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	450.5M	359.0M	447.9M	580.5M	530.0M	556.6M
Short Long Term Debt Total	129.4M	74.3M	55.2M	131.1M	132.4M	139.0M
Other Current Liab	87.1M	30.9M	34.3M	41.0M	32.7M	34.4M
Total Current Liabilities	158.0M	93.4M	135.8M	201.2M	182.8M	192.0M
Total Stockholder Equity	172.3M	200.3M	266.8M	268.6M	252.2M	264.8M
Property Plant And Equipment Net	72.2M	89.2M	104.4M	124.1M	129.3M	135.7M
Net Debt	110.1M	53.3M	18.0M	119.6M	122.4M	128.5M
Retained Earnings	86.8M	109.3M	171.4M	175.6M	158.5M	166.4M
Cash	19.3M	21.0M	37.2M	11.5M	10.0M	14.8M
Non Current Assets Total	197.7M	202.8M	214.0M	234.7M	243.1M	255.3M
Cash And Short Term Investments	19.3M	21.0M	37.2M	11.5M	10.0M	14.9M
Net Receivables	77.9M	80.6M	118.7M	222.3M	164.4M	172.6M
Common Stock Shares Outstanding	35.3M	36.0M	36.1M	35.5M	34.9M	35.1M
Liabilities And Stockholders Equity	450.5M	359.0M	447.9M	580.5M	530.0M	556.6M
Non Current Liabilities Total	120.8M	65.5M	45.2M	110.6M	95.1M	99.8M
Inventory	59.5M	46.4M	67.2M	100.2M	105.1M	110.4M
Other Current Assets	5.3M	8.2M	10.8M	11.8M	7.5M	8.4M
Other Stockholder Equity	165.4M	177.9M	85.1M	101K	116.2K	110.3K
Total Liab	278.8M	158.9M	181.0M	311.8M	277.9M	291.8M
Property Plant And Equipment Gross	72.2M	89.2M	104.4M	70.8M	204.8M	215.0M
Total Current Assets	252.8M	156.2M	233.8M	345.8M	286.9M	301.3M
Short Term Debt	13.5M	14.2M	18.1M	30.6M	45.5M	43.2M
Accounts Payable	54.7M	47.5M	82.4M	124.3M	99.9M	104.8M
Non Currrent Assets Other	2.3M	2.1M	2.9M	2.2M	2.4M	1.8M
Intangible Assets	54.1M	56.4M	53.0M	49.1M	45.3M	47.5M
Current Deferred Revenue	2.6M	756K	988K	5.3M	4.8M	4.5M
Good Will	33.8M	43.6M	49.5M	48.9M	44.0M	41.8M
Other Assets	27.8M	51.2M	7.8M	12.6M	14.5M	22.9M
Long Term Debt	88.7M	23.4M	738K	56.3M	50.1M	32.7M
Long Term Debt Total	88.7M	23.4M	738K	56.3M	64.7M	67.9M
Property Plant Equipment	72.2M	89.2M	104.4M	70.8M	81.4M	72.1M
Other Liab	4.9M	5.4M	8.1M	10.0M	11.5M	6.3M
Net Tangible Assets	74.6M	94.5M	164.9M	219.5M	252.4M	153.4M
Short Long Term Debt	8.3M	6.7M	10.2M	19.7M	34.7M	36.4M
Non Current Liabilities Other	4.9M	5.4M	44.4M	10.0M	8.2M	11.7M

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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:

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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 tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Shyft's price analysis, check to measure Shyft's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shyft is operating at the current time. Most of Shyft's value examination focuses on studying past and present price action to predict the probability of Shyft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shyft's price. Additionally, you may evaluate how the addition of Shyft to your portfolios can decrease your overall portfolio volatility.

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Is Shyft's industry 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

(0.73)

Dividend Share

0.2

Revenue Per Share

23.936

Quarterly Revenue Growth

(0.19)

Return On Assets

0.0013

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.

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Shyft Capital Surpluse vs Retained Earnings Analysis

Capital Surpluse vs Retained Earnings

Capital Surpluse vs Retained Earnings Correlation Analysis

Correlation Coefficient

Capital Surpluse

Retained Earnings

Shyft fundamental ratios Correlations

Shyft Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shyft fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Total Current Liabilities
Retained Earnings	+ 0.98	Total Stockholder Equity
Accounts Payable	+ 0.98	Net Receivables

Current Deferred Revenue	- 0.89	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.83	Other Stockholder Equity
Current Deferred Revenue	- 0.81	Non Currrent Assets Other
Current Deferred Revenue	- 0.77	Total Stockholder Equity
Intangible Assets	- 0.76	Other Stockholder Equity
Short Term Debt	- 0.75	Other Stockholder Equity