Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 12.4x - 13.7x | 13.0x |
| Selected Fwd EBIT Multiple | 8.8x - 9.7x | 9.2x |
| Fair Value | $8.03 - $9.13 | $8.58 |
| Upside | 1.0% - 14.9% | 7.9% |
| Benchmarks | Ticker | Full Ticker |
| The Shyft Group, Inc. | SHYF | NasdaqGS:SHYF |
| Allison Transmission Holdings, Inc. | ALSN | NYSE:ALSN |
| Caterpillar Inc. | CAT | NYSE:CAT |
| Federal Signal Corporation | FSS | NYSE:FSS |
| Commercial Vehicle Group, Inc. | CVGI | NasdaqGS:CVGI |
| Twin Disc, Incorporated | TWIN | NasdaqGS:TWIN |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| SHYF | ALSN | CAT | FSS | CVGI | TWIN | ||
| NasdaqGS:SHYF | NYSE:ALSN | NYSE:CAT | NYSE:FSS | NasdaqGS:CVGI | NasdaqGS:TWIN | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -38.7% | 2.3% | 10.8% | 13.7% | -25.1% | -0.8% | |
| 3Y CAGR | -63.4% | 14.4% | 17.9% | 29.7% | -43.5% | NM- | |
| Latest Twelve Months | -39.2% | 9.5% | -0.8% | 26.1% | -77.8% | -39.9% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 5.0% | 29.2% | 16.7% | 12.2% | 3.3% | 1.7% | |
| Prior Fiscal Year | 0.8% | 30.5% | 20.4% | 13.0% | 4.9% | 4.6% | |
| Latest Fiscal Year | 0.5% | 31.5% | 20.9% | 15.2% | 1.2% | 5.4% | |
| Latest Twelve Months | 0.5% | 31.5% | 20.9% | 15.2% | 1.2% | 4.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.57x | 3.05x | 2.94x | 2.55x | 0.25x | 0.46x | |
| EV / LTM EBITDA | 18.5x | 8.7x | 12.2x | 13.6x | 6.8x | 6.1x | |
| EV / LTM EBIT | 109.9x | 9.7x | 14.0x | 16.8x | 20.0x | 11.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 9.7x | 16.8x | 109.9x | ||||
| Historical EV / LTM EBIT | -46.5x | 8.5x | 23.1x | ||||
| Selected EV / LTM EBIT | 12.4x | 13.0x | 13.7x | ||||
| (x) LTM EBIT | 13 | 13 | 13 | ||||
| (=) Implied Enterprise Value | 158 | 166 | 174 | ||||
| (-) Non-shareholder Claims * | (35) | (35) | (35) | ||||
| (=) Equity Value | 123 | 132 | 140 | ||||
| (/) Shares Outstanding | 14.1 | 14.1 | 14.1 | ||||
| Implied Value Range | 8.71 | 9.30 | 9.89 | ||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 8.71 | 9.30 | 9.89 | 7.95 | |||
| Upside / (Downside) | 9.6% | 17.0% | 24.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | SHYF | ALSN | CAT | FSS | CVGI | TWIN | |
| Enterprise Value | 451 | 9,831 | 190,418 | 4,755 | 179 | 147 | |
| (+) Cash & Short Term Investments | 16 | 786 | 6,165 | 91 | 27 | 16 | |
| (+) Investments & Other | 0 | 18 | 0 | 0 | 1 | 0 | |
| (-) Debt | (175) | (2,420) | (39,011) | (253) | (166) | (50) | |
| (-) Other Liabilities | 0 | 0 | (3) | 0 | 0 | (1) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 292 | 8,215 | 157,569 | 4,593 | 40 | 112 | |
| (/) Shares Outstanding | 34.9 | 85.5 | 477.9 | 61.1 | 32.4 | 14.1 | |
| Implied Stock Price | 8.35 | 96.06 | 329.69 | 75.18 | 1.25 | 7.95 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 8.35 | 96.06 | 329.69 | 75.18 | 1.25 | 7.95 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |