Shyft Group Inc
The Shyft Group, Inc. engages in the manufacture and assembly of specialty vehicles for the commercial 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 offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocer… Read more
Shyft Group Inc (SHYF) - Net Assets
Latest net assets as of March 2025: $247.33 Million USD
Based on the latest financial reports, Shyft Group Inc (SHYF) has net assets worth $247.33 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($581.08 Million) and total liabilities ($333.76 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $247.33 Million |
| % of Total Assets | 42.56% |
| Annual Growth Rate | 12.09% |
| 5-Year Change | 24.06% |
| 10-Year Change | 67.23% |
| Growth Volatility | 31.82 |
Shyft Group Inc - Net Assets Trend (1985–2024)
This chart illustrates how Shyft Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shyft Group Inc (1985–2024)
The table below shows the annual net assets of Shyft Group Inc from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $248.32 Million | -1.52% |
| 2023-12-31 | $252.17 Million | -6.15% |
| 2022-12-31 | $268.69 Million | +0.69% |
| 2021-12-31 | $266.86 Million | +33.32% |
| 2020-12-31 | $200.16 Million | +16.54% |
| 2019-12-31 | $171.75 Million | -7.70% |
| 2018-12-31 | $186.08 Million | +10.59% |
| 2017-12-31 | $168.27 Million | +10.01% |
| 2016-12-31 | $152.95 Million | +3.00% |
| 2015-12-31 | $148.49 Million | -11.94% |
| 2014-12-31 | $168.62 Million | -1.71% |
| 2013-12-31 | $171.55 Million | -4.02% |
| 2012-12-31 | $178.73 Million | -2.25% |
| 2011-12-31 | $182.84 Million | -0.08% |
| 2010-12-31 | $182.98 Million | +1.36% |
| 2009-12-31 | $180.52 Million | +5.79% |
| 2008-12-31 | $170.64 Million | +32.06% |
| 2007-12-31 | $129.22 Million | +25.24% |
| 2006-12-31 | $103.18 Million | +42.12% |
| 2005-12-31 | $72.60 Million | +7.54% |
| 2004-12-31 | $67.51 Million | +10.46% |
| 2003-12-31 | $61.12 Million | +8.30% |
| 2002-12-31 | $56.43 Million | +52.89% |
| 2001-12-31 | $36.91 Million | +20.42% |
| 2000-12-31 | $30.65 Million | -29.04% |
| 1999-12-31 | $43.20 Million | -4.21% |
| 1998-12-31 | $45.10 Million | -5.05% |
| 1997-12-31 | $47.50 Million | -22.64% |
| 1996-12-31 | $61.40 Million | +2.68% |
| 1995-12-31 | $59.80 Million | -2.92% |
| 1994-12-31 | $61.60 Million | +14.50% |
| 1993-12-31 | $53.80 Million | +26.00% |
| 1992-12-31 | $42.70 Million | +91.48% |
| 1991-12-31 | $22.30 Million | +156.32% |
| 1990-12-31 | $8.70 Million | +33.85% |
| 1989-12-31 | $6.50 Million | +18.18% |
| 1988-12-31 | $5.50 Million | 0.00% |
| 1987-12-31 | $5.50 Million | +52.78% |
| 1986-12-31 | $3.60 Million | +24.14% |
| 1985-12-31 | $2.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shyft Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6653.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $148.57 Million | 59.83% |
| Common Stock | $99.75 Million | 40.17% |
| Total Equity | $248.32 Million | 100.00% |
Shyft Group Inc Competitors by Market Cap
The table below lists competitors of Shyft Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Wondertek Software Co Ltd
SHG:603189
|
$403.99 Million |
|
Fuerte Metals Corporation.
V:FMT
|
$404.00 Million |
|
Shenzhen LeoKing Environmental Group Co. Ltd. A
SHE:301305
|
$404.05 Million |
|
Pacific Biosciences of California
NASDAQ:PACB
|
$404.05 Million |
|
Better Collective
ST:BETCO
|
$403.96 Million |
|
DINGDONG CAYMAN 2ADR/3 A
F:945
|
$403.88 Million |
|
Kansai Nerolac Paints Limited
NSE:KANSAINER
|
$403.81 Million |
|
Cars.com Inc
NYSE:CARS
|
$403.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shyft Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 252,166,000 to 248,323,000, a change of -3,843,000 (-1.5%).
- Net loss of 2,795,000 reduced equity.
- Dividend payments of 6,976,000 reduced retained earnings.
- Share repurchases of 113,000 reduced equity.
- Other factors increased equity by 6,041,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.79 Million | -1.13% |
| Dividends Paid | $6.98 Million | -2.81% |
| Share Repurchases | $113.00K | -0.05% |
| Other Changes | $6.04 Million | +2.43% |
| Total Change | $- | -1.52% |
Book Value vs Market Value Analysis
This analysis compares Shyft Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 120.25x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.10 | $12.54 | x |
| 1986-12-31 | $0.13 | $12.54 | x |
| 1987-12-31 | $0.24 | $12.54 | x |
| 1988-12-31 | $0.24 | $12.54 | x |
| 1989-12-31 | $0.28 | $12.54 | x |
| 1990-12-31 | $0.37 | $12.54 | x |
| 1991-12-31 | $0.82 | $12.54 | x |
| 1992-12-31 | $1.47 | $12.54 | x |
| 1993-12-31 | $1.83 | $12.54 | x |
| 1994-12-31 | $2.10 | $12.54 | x |
| 1995-12-31 | $2.08 | $12.54 | x |
| 1996-12-31 | $2.21 | $12.54 | x |
| 1997-12-31 | $1.69 | $12.54 | x |
| 1998-12-31 | $1.60 | $12.54 | x |
| 1999-12-31 | $1.54 | $12.54 | x |
| 2000-12-31 | $1.19 | $12.54 | x |
| 2001-12-31 | $1.55 | $12.54 | x |
| 2002-12-31 | $2.09 | $12.54 | x |
| 2003-12-31 | $2.18 | $12.54 | x |
| 2004-12-31 | $2.35 | $12.54 | x |
| 2005-12-31 | $2.55 | $12.54 | x |
| 2006-12-31 | $2.25 | $12.54 | x |
| 2007-12-31 | $3.94 | $12.54 | x |
| 2008-12-31 | $5.20 | $12.54 | x |
| 2009-12-31 | $5.48 | $12.54 | x |
| 2010-12-31 | $5.53 | $12.54 | x |
| 2011-12-31 | $5.46 | $12.54 | x |
| 2012-12-31 | $5.39 | $12.54 | x |
| 2013-12-31 | $5.11 | $12.54 | x |
| 2014-12-31 | $4.93 | $12.54 | x |
| 2015-12-31 | $4.41 | $12.54 | x |
| 2016-12-31 | $4.46 | $12.54 | x |
| 2017-12-31 | $4.83 | $12.54 | x |
| 2018-12-31 | $5.31 | $12.54 | x |
| 2019-12-31 | $4.88 | $12.54 | x |
| 2020-12-31 | $5.56 | $12.54 | x |
| 2021-12-31 | $7.39 | $12.54 | x |
| 2022-12-31 | $7.57 | $12.54 | x |
| 2023-12-31 | $7.23 | $12.54 | x |
| 2024-12-31 | $7.21 | $12.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shyft Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.36%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 2.29x
- Recent ROE (-1.13%) is below the historical average (10.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.34% | 3.00% | 2.13x | 1.62x | $10.00K |
| 1986 | 19.44% | 4.76% | 1.99x | 2.06x | $340.00K |
| 1987 | 32.73% | 7.23% | 2.11x | 2.15x | $1.25 Million |
| 1988 | 41.82% | 6.87% | 1.98x | 3.07x | $1.75 Million |
| 1989 | 18.46% | 3.36% | 2.08x | 2.65x | $550.00K |
| 1990 | 28.74% | 4.93% | 2.14x | 2.72x | $1.63 Million |
| 1991 | 29.15% | 6.89% | 2.72x | 1.56x | $4.27 Million |
| 1992 | 21.55% | 7.46% | 2.19x | 1.32x | $4.93 Million |
| 1993 | 19.52% | 6.34% | 2.32x | 1.33x | $5.12 Million |
| 1994 | 17.21% | 5.54% | 2.36x | 1.32x | $4.44 Million |
| 1995 | 5.69% | 2.21% | 2.05x | 1.26x | $-2.58 Million |
| 1996 | 3.75% | 1.32% | 2.19x | 1.30x | $-3.84 Million |
| 1997 | -27.58% | -7.33% | 2.20x | 1.71x | $-17.85 Million |
| 1998 | 7.76% | 1.37% | 2.03x | 2.79x | $-1.01 Million |
| 1999 | -3.24% | -0.46% | 2.50x | 2.84x | $-5.72 Million |
| 2000 | -18.30% | -2.23% | 2.56x | 3.21x | $-8.67 Million |
| 2001 | 16.61% | 2.71% | 2.92x | 2.10x | $2.44 Million |
| 2002 | 20.74% | 4.51% | 2.94x | 1.56x | $6.06 Million |
| 2003 | 9.90% | 2.55% | 2.60x | 1.50x | $-62.91K |
| 2004 | 8.71% | 1.88% | 2.92x | 1.58x | $-869.39K |
| 2005 | 11.42% | 2.42% | 2.78x | 1.70x | $1.03 Million |
| 2006 | 16.31% | 3.78% | 2.34x | 1.85x | $6.51 Million |
| 2007 | 18.96% | 3.59% | 2.14x | 2.47x | $11.58 Million |
| 2008 | 25.03% | 5.06% | 3.23x | 1.53x | $25.65 Million |
| 2009 | 6.52% | 2.74% | 1.47x | 1.62x | $-6.28 Million |
| 2010 | 2.26% | 0.86% | 1.99x | 1.32x | $-14.16 Million |
| 2011 | 0.42% | 0.18% | 1.71x | 1.36x | $-17.51 Million |
| 2012 | -1.37% | -0.52% | 1.92x | 1.37x | $-20.33 Million |
| 2013 | -3.48% | -1.27% | 1.84x | 1.49x | $-23.13 Million |
| 2014 | 0.70% | 0.23% | 2.12x | 1.42x | $-15.70 Million |
| 2015 | -11.38% | -3.08% | 2.39x | 1.55x | $-31.89 Million |
| 2016 | 5.61% | 1.46% | 2.43x | 1.58x | $-6.75 Million |
| 2017 | 9.43% | 2.25% | 2.35x | 1.78x | $-957.70K |
| 2018 | 8.04% | 1.84% | 2.31x | 1.89x | $-3.66 Million |
| 2019 | 21.36% | 4.86% | 1.68x | 2.62x | $19.56 Million |
| 2020 | 16.38% | 4.86% | 1.88x | 1.79x | $12.79 Million |
| 2021 | 25.84% | 6.95% | 2.21x | 1.68x | $42.25 Million |
| 2022 | 13.61% | 3.56% | 1.77x | 2.16x | $9.70 Million |
| 2023 | 2.58% | 0.74% | 1.65x | 2.10x | $-18.72 Million |
| 2024 | -1.13% | -0.36% | 1.38x | 2.29x | $-27.63 Million |
Industry Comparison
This section compares Shyft Group Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $405,749,501
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shyft Group Inc (SHYF) | $247.33 Million | 10.34% | 1.35x | $403.98 Million |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $483.70 Million |
| AGCO Corporation (AGCO) | $3.10 Billion | 6.02% | 1.58x | $7.13 Billion |
| Agrify Corp (AGFY) | $-9.27 Million | 0.00% | 0.00x | $58.43 Million |
| Ag Growth International Inc (AGGZF) | $110.78 Million | 17.74% | 0.30x | $363.58 Million |
| Alamo Group Inc (ALG) | $106.91 Million | 3.85% | 0.51x | $1.99 Billion |
| AmeraMex International Inc (AMMX) | $-557.03K | 0.00% | 0.00x | $1.43 Million |
| Arts-Way Manufacturing Co Inc (ARTW) | $12.09 Million | 2.54% | 0.76x | $4.69 Million |
| Astec Industries Inc (ASTE) | $193.89 Million | -2.43% | 1.15x | $1.20 Billion |
| Austin Engineering Limited (AUSTF) | $119.42 Million | -41.40% | 1.27x | $116.99 Million |
| Buhler Industries Inc (BIIAF) | $63.76 Million | 20.96% | 1.45x | $1.51 Million |