What is the current Shyft Group market capitalization?
The current market capitalization of Shyft Group is 419.03 M USD.
Shyft Group Market capitalization 2024
Shyft Group Market capitalization
419.03 M USD
Ticker
SHYF
ISIN
US8256981031
WKN
A2P56J
In 2024, Shyft Group's market cap stood at 419.03 M USD, a -20.15% increase from the 524.8 M USD market cap in the previous year.
The Shyft Group Market capitalization history
| YEAR | Market Capitalization (undefined USD) |
|---|---|
| 2023 | 0.7 |
| 2022 | 1.01 |
| 2021 | 1.35 |
| 2020 | 0.66 |
| 2019 | 0.41 |
| 2018 | 0.48 |
| 2017 | 0.35 |
| 2016 | 0.22 |
| 2015 | 0.14 |
| 2014 | 0.17 |
| 2013 | 0.18 |
| 2012 | 0.15 |
| 2011 | 0.16 |
| 2010 | 0.15 |
| 2009 | 0.17 |
| 2008 | 0.17 |
| 2007 | 0.4 |
| 2006 | 0.17 |
| 2005 | 0.11 |
| 2004 | 0.11 |
Shyft Group Aktienanalyse
What does Shyft Group do?
The Shyft Group Inc is a leading company in the specialty vehicles sector, headquartered in Novi, Michigan, USA. The company's history dates back to 1952 when it was founded under the name Brown Industries. Since then, the company has continuously evolved and is now a key player in various segments of the transportation industry. The business model of Shyft Group Inc is based on the development and manufacturing of vehicles tailored to the specific needs and requirements of customers. The company uses advanced technologies and materials to produce innovative and durable vehicles. The range of services includes the development of specialty vehicles for delivery, material transport, mobile workshops, emergency services, and mobile businesses. Overall, the company consists of four different divisions. The first division, Shyft Fleet Vehicles and Services, specializes in the development and manufacturing of commercial vehicles. This includes courier, parcel delivery, utility vehicles, and heavy-duty transporters. The vehicles of Shyft Fleet Vehicles and Services are manufactured in close collaboration with customers to meet the specific requirements of various industries such as agriculture, maintenance and repair of communication equipment, or automotive services. The second division of Shyft Group Inc is Spartan Emergency Response and manufactures specialized response vehicles, fire trucks, rescue vehicles, and command vehicles. These vehicles are used, for example, by fire departments or emergency medical services. The specialty vehicles are designed to be optimally tailored to the needs of different customers. The third division of Shyft Group Inc is Spartan Specialty Vehicles, which produces mobile businesses or mobile sales booths, for example. The vehicles of Spartan Specialty Vehicles are used, for instance, as mobile workshops or stationary solutions for dealers and events. Customers can have the vehicles customized to ensure that they meet the specific requirements of their respective companies or event organizers. The fourth division of Shyft Group Inc is Spartan Motors International, which specializes in the export of specialty vehicles abroad. This primarily reaches customers in Asia, Africa, and Europe. With this, Shyft Group Inc has been able to expand its global presence and steadily increase its revenue since the beginning of the export business. Shyft Group Inc offers a wide range of products, all tailored to the specific needs of customers. The already mentioned commercial vehicles and specialty vehicles form only part of the product offering. The company also produces so-called Morgan storage solutions, which have foldable walls and can be easily dismantled as truck bodies. The technologies used in the development and manufacturing of the vehicles are advanced and forward-thinking. An important argument for the company is the commitment to producing environmentally friendly and resource-efficient vehicles. For example, many of the vehicles have alternative propulsion or exhaust cleaning systems to reduce CO2 emissions and other pollutants. In summary, Shyft Group Inc is an important player in the specialty vehicles market. With four different divisions and a wide range of products, the company aims to serve customers in various industries and regions. The focus on customer orientation, innovation, and sustainability is a key unique selling point of the company. Shyft Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.Market capitalization Details
Exploring Shyft Group's Market Capitalization
Shyft Group's market capitalization represents the total dollar market value of the company’s outstanding shares of stock. It is calculated by multiplying the company's shares outstanding by the current market price of one share. This metric is a vital indicator of a company’s size, strength, and overall market value.
Year-to-Year Comparison
A yearly comparison of Shyft Group's market capitalization provides investors and analysts insights into its growth and valuation trends. An increase signifies market confidence and business expansion, while a decrease may point towards declining market value or business contractions.
Impact on Investments
Shyft Group's market capitalization plays a pivotal role in investment decisions. It aids investors in assessing the company's risk and return profiles. Larger companies are often considered more stable but may offer lower growth potential, while smaller companies might offer significant growth prospects but come with higher risk.
Interpreting Market Capitalization Fluctuations
Variations in Shyft Group’s market capitalization can be attributed to several factors, including changes in stock price, outstanding shares, and market sentiment. Understanding these fluctuations helps investors evaluate the company's current standing and future potential in the competitive landscape.
Frequently Asked Questions about Shyft Group stock
What is market capitalization?
The market capitalization (German: Marktkapitalisierung, English: market capitalization, abbreviated as market cap, also known as stock exchange capitalization or market value) is the calculated total value of all shares of a publicly traded company like Shyft Group.
How has the market capitalization of Shyft Group developed in recent years?
The market capitalization of Shyft Group has increased/decreased by -20.15% compared to the previous year.
What does market capitalization mean for investors?
The market capitalization of a company reflects the current market consensus on the value of the equity of a publicly traded company.
Why is market capitalization an important indicator for investors?
The market capitalization of a company reflects the current market consensus on the value of a publicly traded company's equity. It is determined by the supply and demand for the company's shares. Market capitalization is thus significantly influenced by expectations in the stock market regarding the future earnings power of the company, and as such, it can undergo significant fluctuations.
Why does the market capitalization fluctuate?
The market capitalization fluctuates along with the stock price, as the market capitalization is calculated based on the current price and the number of outstanding shares.
What role does market capitalization play in the valuation of Shyft Group?
In order to compare the value of companies, it is helpful to consider not only the market capitalization but also the net debt of a company. A potential buyer of the entire company would also acquire the debts of the company. The enterprise value is the total value of a company or a stock corporation. The net financial indebtedness of the company is added to the market capitalization.
Does the market capitalization influence the performance of Shyft Group?
There is no verifiable long-term evidence or study that stocks with a specific market capitalization (whether Mega/Large/Mid/Small Cap) would consistently yield significantly higher returns than others. There are occasional small studies (few stocks, short investment period) suggesting that certain classes may perform better or have higher risk, but none of them are 1. conclusive (cause-effect relationship is unclear, experiment is not repeatable) or 2. generalizable (generalization is not possible due to small sample size and time period).
Does the market capitalization of Shyft Group have an influence on indices?
Some stock indices use market capitalization as index weighting. Stocks with a higher market capitalization are also weighted higher in the index. This is in contrast to equally weighted indices (all stocks have the same weighting) and free float weighted indices (market capitalization weighting, but only with the number of shares in free float).
How much dividend does Shyft Group pay?
Over the past 12 months, Shyft Group paid a dividend of 0.2 USD . This corresponds to a dividend yield of about 1.66 %. For the coming 12 months, Shyft Group is expected to pay a dividend of 0.22 USD.
What is the dividend yield of Shyft Group?
The current dividend yield of Shyft Group is 1.66 %.
When does Shyft Group pay dividends?
Shyft Group pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of Shyft Group?
Shyft Group paid dividends every year for the past 23 years.
What is the dividend of Shyft Group?
For the upcoming 12 months, dividends amounting to 0.22 USD are expected. This corresponds to a dividend yield of 1.86 %.
In which sector is Shyft Group located?
Shyft Group is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Shyft Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Shyft Group from 9/16/2024 amounting to 0.05 USD, you needed to have the stock in your portfolio before the ex-date on 8/16/2024.
When did Shyft Group pay the last dividend?
The last dividend was paid out on 9/16/2024.
What was the dividend of Shyft Group in the year 2023?
In the year 2023, Shyft Group distributed 0.2 USD as dividends.
In which currency does Shyft Group pay out the dividend?
The dividends of Shyft Group are distributed in USD.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
Andere Kennzahlen von Shyft Group
Our stock analysis for Shyft Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shyft Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
