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The Shyft Group Earnings Yield (Joel Greenblatt) %

: 6.28% (As of Jun. 2022)
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The Shyft Group's Enterprise Value for the quarter that ended in Jun. 2022 was $780.3 Mil. The Shyft Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $49.0 Mil. The Shyft Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 6.28%.

The historical rank and industry rank for The Shyft Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

SHYF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.66   Med: 3.21   Max: 12.27
Current: 4.51

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of The Shyft Group was 12.27%. The lowest was -18.66%. And the median was 3.21%.

SHYF's Earnings Yield (Joel Greenblatt) % is ranked worse than
57.95% of 195 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.02 vs SHYF: 4.51

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. The Shyft Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 22.63%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


The Shyft Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for The Shyft Group's Earnings Yield (Joel Greenblatt) % 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.72 8.91 6.54 4.68 4.83

The Shyft Group Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 5.38 5.56 4.83 4.73 6.28

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, The Shyft Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where The Shyft Group's Earnings Yield (Joel Greenblatt) % falls into.



The Shyft Group Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

The Shyft Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=84.894/1758.11008
=4.83 %

The Shyft Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $49.0 Mil.



The Shyft Group  (NAS:SHYF) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


The Shyft Group Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of The Shyft Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Shyft Group Business Description

The Shyft Group logo
Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is a North American specialty vehicle manufacturer, engaged in assembling and upfitting for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Group is organized into two core business units Fleet Vehicles and Services and Specialty Vehicles. Its brands include Utilimaster, Royal Truck Body, Strobes-R- Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. It operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico.
Executives
Esposito Carl A. director 21557 TELEGRAPH ROAD SOUTHFIELD MI 48033
Sherbin Joshua A officer: Chief Legal Officer 38505 WOODWARD AVENUE SUITE 200 BLOOMFIELD HILLS MI 48304
Rourke Mark B. director 3101 PACKERLAND DRIVE GREEN BAY WI 54313
Pizzuto Terri director 3050 HIGHLAND PARKWAY STE 100 DOWNERS GROVA IL 60515
Dinkins Michael director 6166 NW 85TH WAY PARKLAND FL 33067
Douyard Jonathan C officer: Chief Financial Officer C/O SPARTAN MOTORS, INC. 41280 BRIDGE STREET NOVI MI 48375
Freeman Angela K. director 14701 CHARLSON ROAD EDEN PRAIRIE MN 55437
Heavin Todd A officer: Chief Operating Officer 1950 OAK POINTE DR ROCHESTER HILLS MI 48306
Heminover Chad M officer: President, Fleet Vehicles and C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Isbell Jeri L director ONE LEXMARK CENTRE DR 740 WEST NEW CIRCLE RD LEXINGTON KY 40550
Roney Ryan L officer: Chief Legal Officer & Secretar 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Long Matthew W officer: Interim CFO 2581 E KERCHER ROAD GOSHEN IN 46528
Mascarenas Paul Anthony director 3850 HAMLIN ROAD AUBURN HILLS MI 48326
Ninneman Thomas C officer: Chief Operating Officer C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813
Clevinger Thomas R director C/O SPARTAN MOTORS, INC. 1541 REYNOLDS ROAD CHARLOTTE MI 48813

The Shyft Group Headlines

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