Shyft Short Term Debt vs Net Invested Capital Analysis

SHYF Stock  USD 12.92  0.29  2.20%   
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 Short Term Debt and its Net Invested Capital 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.

Short Term Debt vs Net Invested Capital

Short Term Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shyft Group Short Term Debt account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shyft's Short Term Debt and Net Invested Capital is 0.92. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Invested Capital 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 Short Term Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Shyft Group are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Term Debt i.e., Shyft's Short Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Short Term Debt

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
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 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 Expense414K2.8M6.5M6.2M
Depreciation And Amortization11.4M14.8M17.0M17.8M

Shyft fundamental ratios Correlations

0.880.550.970.910.950.820.89-0.110.96-0.110.910.780.870.790.85-0.450.960.760.960.830.940.580.81-0.60.76
0.880.530.870.640.840.990.66-0.490.92-0.490.770.480.990.550.7-0.680.950.740.780.910.830.240.88-0.240.77
0.550.530.60.350.310.450.240.150.480.150.340.620.620.280.340.090.630.170.580.210.370.580.48-0.50.03
0.970.870.60.810.870.820.79-0.160.89-0.160.930.710.860.750.78-0.40.980.710.960.810.950.570.73-0.50.69
0.910.640.350.810.930.550.980.190.860.190.810.850.630.850.85-0.30.760.720.880.690.820.670.67-0.770.72
0.950.840.310.870.930.780.94-0.140.96-0.140.860.70.790.790.86-0.570.860.860.860.90.890.460.81-0.550.88
0.820.990.450.820.550.780.59-0.620.86-0.610.740.360.970.480.65-0.730.910.710.710.910.80.110.84-0.120.75
0.890.660.240.790.980.940.590.070.860.070.830.740.630.830.87-0.410.750.740.860.740.850.560.68-0.640.78
-0.11-0.490.15-0.160.19-0.14-0.620.07-0.21.0-0.220.45-0.440.11-0.070.65-0.29-0.22-0.01-0.49-0.240.61-0.28-0.6-0.34
0.960.920.480.890.860.960.860.86-0.2-0.20.810.720.90.660.87-0.630.920.810.840.880.880.460.93-0.490.87
-0.11-0.490.15-0.160.19-0.14-0.610.071.0-0.2-0.220.45-0.440.11-0.070.65-0.29-0.22-0.01-0.49-0.240.61-0.28-0.6-0.34
0.910.770.340.930.810.860.740.83-0.220.81-0.220.620.740.750.82-0.430.880.650.920.790.980.460.62-0.420.74
0.780.480.620.710.850.70.360.740.450.720.450.620.520.660.710.00.650.480.770.390.620.870.58-0.890.46
0.870.990.620.860.630.790.970.63-0.440.9-0.440.740.520.510.69-0.620.950.650.780.830.80.260.88-0.280.69
0.790.550.280.750.850.790.480.830.110.660.110.750.660.510.56-0.050.680.710.860.630.730.60.36-0.720.5
0.850.70.340.780.850.860.650.87-0.070.87-0.070.820.710.690.56-0.560.770.560.770.70.850.510.8-0.480.82
-0.45-0.680.09-0.4-0.3-0.57-0.73-0.410.65-0.630.65-0.430.0-0.62-0.05-0.56-0.51-0.51-0.24-0.75-0.530.23-0.76-0.31-0.83
0.960.950.630.980.760.860.910.75-0.290.92-0.290.880.650.950.680.77-0.510.710.920.850.920.450.82-0.420.71
0.760.740.170.710.720.860.710.74-0.220.81-0.220.650.480.650.710.56-0.510.710.660.890.70.30.63-0.390.79
0.960.780.580.960.880.860.710.86-0.010.84-0.010.920.770.780.860.77-0.240.920.660.720.920.640.64-0.650.6
0.830.910.210.810.690.90.910.74-0.490.88-0.490.790.390.830.630.7-0.750.850.890.720.850.180.78-0.190.9
0.940.830.370.950.820.890.80.85-0.240.88-0.240.980.620.80.730.85-0.530.920.70.920.850.450.72-0.390.8
0.580.240.580.570.670.460.110.560.610.460.610.460.870.260.60.510.230.450.30.640.180.450.31-0.810.22
0.810.880.480.730.670.810.840.68-0.280.93-0.280.620.580.880.360.8-0.760.820.630.640.780.720.31-0.290.82
-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
0.760.770.030.690.720.880.750.78-0.340.87-0.340.740.460.690.50.82-0.830.710.790.60.90.80.220.82-0.19
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 Liab87.1M30.9M34.3M41.0M32.7M34.4M
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 Debt13.5M14.2M18.1M30.6M45.5M43.2M
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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.