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The Shyft Group (The Shyft Group) Cyclically Adjusted Price-to-FCF : 21.76 (As of May. 01, 2024)


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What is The Shyft Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), The Shyft Group's current share price is $10.88. The Shyft Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.50. The Shyft Group's Cyclically Adjusted Price-to-FCF for today is 21.76.

The historical rank and industry rank for The Shyft Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SHYF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.5   Med: 29.1   Max: 132.91
Current: 22.72

During the past years, The Shyft Group's highest Cyclically Adjusted Price-to-FCF was 132.91. The lowest was 11.50. And the median was 29.10.

SHYF's Cyclically Adjusted Price-to-FCF is ranked better than
61.62% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.59 vs SHYF: 22.72

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

The Shyft Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.282. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Shyft Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Shyft Group's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Shyft Group Cyclically Adjusted Price-to-FCF Chart

The Shyft Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.87 66.59 99.90 57.62 23.90

The Shyft Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.05 40.63 27.62 23.90 25.06

Competitive Comparison of The Shyft Group's Cyclically Adjusted Price-to-FCF

For the Farm & Heavy Construction Machinery subindustry, The Shyft Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Shyft Group's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where The Shyft Group's Cyclically Adjusted Price-to-FCF falls into.



The Shyft Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

The Shyft Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.88/0.5
=21.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Shyft Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, The Shyft Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.282/129.4194*129.4194
=-0.282

Current CPI (Mar. 2024) = 129.4194.

The Shyft Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.147 100.560 0.189
201409 -0.014 100.428 -0.018
201412 0.051 99.070 0.067
201503 -0.478 99.621 -0.621
201506 0.299 100.684 0.384
201509 0.009 100.392 0.012
201512 0.398 99.792 0.516
201603 0.122 100.470 0.157
201606 0.196 101.688 0.249
201609 0.006 101.861 0.008
201612 -0.036 101.863 -0.046
201703 -0.002 102.862 -0.003
201706 -0.069 103.349 -0.086
201709 0.024 104.136 0.030
201712 0.521 104.011 0.648
201803 -0.046 105.290 -0.057
201806 -0.144 106.317 -0.175
201809 -0.189 106.507 -0.230
201812 0.352 105.998 0.430
201903 -0.123 107.251 -0.148
201906 0.095 108.070 0.114
201909 -0.008 108.329 -0.010
201912 0.714 108.420 0.852
202003 -0.547 108.902 -0.650
202006 0.051 108.767 0.061
202009 0.843 109.815 0.993
202012 1.010 109.897 1.189
202103 -0.199 111.754 -0.230
202106 -0.053 114.631 -0.060
202109 0.921 115.734 1.030
202112 0.741 117.630 0.815
202203 -0.948 121.301 -1.011
202206 -0.380 125.017 -0.393
202209 -0.341 125.227 -0.352
202212 0.544 125.222 0.562
202303 0.040 127.348 0.041
202306 0.664 128.729 0.668
202309 0.116 129.860 0.116
202312 0.198 129.419 0.198
202403 -0.282 129.419 -0.282

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


The Shyft Group  (NAS:SHYF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


The Shyft Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of The Shyft Group's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


The Shyft Group (The Shyft Group) Business Description

Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
Executives
Joshua A Sherbin officer: Chief Legal Officer 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Jonathan C Douyard officer: Chief Financial Officer C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375
Michael Dinkins director 6166 NW 85TH WAY, PARKLAND FL 33067
Terri Pizzuto director 3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Pamela L Kermisch director C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Mark B. Rourke director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James A. Sharman director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Jacob Owen Farmer officer: President, Specialty Vehicles C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Stephen K Guillaume officer: President, Specialty Chassis C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
John Albert Dunn officer: President Fleet Vehicles & Svc C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Hindman Colin E officer: Chief Human Resources Officer 3130 STONEY CREEK ROAD, OAKLAND MI 48363
Scott Matthew Ocholik officer: Chief Accounting Officer C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Carl A. Esposito director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Thomas R Clevinger director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Daryl M Adams officer: Chief Operating Officer C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813