$20.22

+0.27 (+1.35%)

Weekly Expected Move ±3.2%

$18 $18 $19 $20 $20

NASDAQ · Financial Services · Banks - Regional · Alpha Radar Buy · Power 66 · $676.5M mcap · 30M float · 0.757% daily turnover · Short 57% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

51.8 / 100

NoneWeakNarrowWide

Primary source: Network Effects · ROIC: 9.7% · 5Y Avg: 6.8%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. SHBI shows a Weak competitive edge (51.8/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Network Effects. ROIC of 9.7% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$22

Low

$22

Avg Target

$22

High

Based on 1 analyst since Apr 23, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$22.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-04	Piper Sandler	Justin Crowley	$18	$22	+4	+12.8%	$19.50
2025-11-19	Hovde Group	—	Initiated	$19	—	+22.2%	$15.55
2025-11-14	Piper Sandler	Justin Crowley	Initiated	$18	—	+16.4%	$15.90

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. SHBI receives an overall rating of B+. Strongest factors: DCF (4/5).

Rating Change History

Date	From	To
2026-05-11	A-	B+
2026-04-27	C	A-
2026-04-24	C+	C
2026-04-23	A-	C+
2026-04-14	A	A-
2026-04-01	B+	A
2026-02-09	A-	B+
2026-02-04	A	A-
2026-02-03	C+	A
2026-01-30	A-	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 60 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. SHBI scores highest in Value (94/100) and lowest in Safety (30/100). An overall grade of A+ places SHBI among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score

1.69

Grey Zone

Piotroski F-Score

8/9

✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✓

Beneish M-Score

-2.59

Unlikely Manipulator

Ohlson O-Score

-5.15

Bankruptcy prob: 0.6%

Low Risk

Credit Rating

BBB+

Score: 63.6/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.18x

Accruals: -0.2%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. SHBI scores 1.69, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. SHBI scores 8/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. SHBI's score of -2.59 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. SHBI's implied 0.6% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. SHBI receives an estimated rating of BBB+ (score: 63.6/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). SHBI's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

10.76x

PEG

0.41x

P/S

1.96x

P/B

1.12x

P/FCF

8.81x

P/OCF

8.42x

EV/EBITDA

8.67x

EV/Revenue

1.99x

EV/EBIT

8.26x

EV/FCF

9.67x

Earnings Yield

10.06%

FCF Yield

11.36%

Shareholder Yield

2.58%

Graham Number

$27.30

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 10.8x earnings, SHBI trades at a reasonable valuation. An earnings yield of 10.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $27.30 per share, suggesting a potential 35% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.756

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.241

EBIT / Rev

Asset Turnover

0.055

Rev / Assets

Equity Multiplier

11.044

Assets / Equity

ROE

11.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. SHBI's ROE of 11.1% is driven by financial leverage (equity multiplier: 11.04x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

5.27%

Fair P/E

19.04x

Intrinsic Value

$35.76

Price/Value

0.52x

Margin of Safety

47.76%

Premium

-47.76%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with SHBI's realized 5.3% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $35.76, SHBI appears undervalued with a 48% margin of safety. The adjusted fair P/E of 19.0x compares to the current market P/E of 10.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$20.22

Median 1Y

$19.92

5th Pctile

$10.03

95th Pctile

$39.60

Ann. Volatility

42.0%

Analyst Target

$22.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
James M. Burke President and Chief Executive Officer	$700,000	$524,978	$1,772,098
Charles S. Cullum EVP, Chief Financial Officer	$302,654	$550,495	$1,076,967
Donna J. Stevens EVP, Chief Operations Officer	$380,000	$132,978	$830,732
B. Scot Ebron EVP, Chief Banking Officer	$430,000	$150,490	$803,983
Christy Lombardi EVP, Chief Human Resources Officer	$370,000	$129,482	$718,460
Todd L. Capitani Former Chief Financial Officer	$250,192	$139,970	$569,009

CEO Pay Ratio

13:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,772,098

Avg Employee Cost (SGA/emp): $139,173

Employees: 608

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

608

+1.8% YoY

Revenue / Employee

$563,678

Rev: $342,716,000

Profit / Employee

$97,872

NI: $59,506,000

SGA / Employee

$139,173

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	7.9%	8.5%	5.6%	6.2%	7.5%	9.3%	8.7%	9.0%	8.0%	2.6%	1.8%	2.2%	3.8%	8.6%	8.3%	9.4%	10.2%	10.8%	10.5%	11.1%	11.11%
ROA	0.9%	0.9%	0.6%	0.6%	0.8%	0.9%	0.9%	0.9%	0.8%	0.3%	0.2%	0.2%	0.4%	0.8%	0.7%	0.8%	0.9%	0.9%	1.0%	1.0%	1.01%
ROIC	-15.1%	-16.3%	-5.5%	-6.0%	-7.3%	-9.1%	9.8%	10.1%	9.0%	2.9%	6.9%	8.5%	14.8%	33.3%	65.0%	73.2%	79.5%	84.2%	9.1%	9.7%	9.65%
ROCE	9.0%	9.8%	5.0%	5.5%	6.6%	8.2%	9.9%	10.2%	9.1%	2.6%	1.7%	2.0%	3.5%	8.3%	8.4%	9.4%	10.2%	10.8%	1.3%	1.3%	1.33%
Gross Margin	88.7%	91.9%	99.9%	91.8%	93.1%	89.0%	84.8%	73.7%	64.7%	30.5%	61.2%	60.9%	59.5%	59.9%	61.1%	62.6%	64.0%	62.9%	63.4%	69.7%	69.73%
Operating Margin	29.7%	31.7%	14.5%	24.8%	31.2%	36.4%	29.8%	22.0%	13.1%	-19.0%	14.2%	13.6%	18.4%	18.3%	21.3%	22.0%	24.0%	22.4%	23.4%	26.5%	26.46%
Net Margin	21.9%	23.3%	9.9%	18.5%	23.1%	26.9%	22.0%	16.0%	9.6%	-12.6%	9.1%	10.5%	13.8%	13.6%	15.6%	16.6%	18.0%	16.9%	17.9%	20.0%	19.95%
EBITDA Margin	33.2%	35.0%	18.7%	30.0%	35.4%	40.2%	34.0%	25.4%	16.4%	-13.7%	19.4%	18.9%	23.4%	22.9%	26.0%	26.9%	28.7%	26.6%	10.3%	26.5%	26.46%
FCF Margin	23.9%	27.8%	-13.1%	10.5%	19.0%	19.3%	36.7%	24.9%	11.4%	-7.4%	7.0%	2.5%	3.2%	13.8%	12.8%	18.0%	14.6%	24.4%	17.3%	20.5%	20.55%
OCF Margin	26.6%	32.7%	-9.0%	14.4%	22.7%	21.4%	38.4%	26.3%	12.9%	-5.4%	9.5%	5.0%	5.5%	15.8%	14.4%	19.4%	15.7%	25.5%	18.2%	21.5%	21.48%
ROE 3Y Avg	snapshot only																				7.22%
ROE 5Y Avg	snapshot only																				7.06%
ROA 3Y Avg	snapshot only																				0.65%
ROIC 3Y Avg	snapshot only																				5.70%
ROIC Economic	snapshot only																				9.05%
Cash ROA	snapshot only																				1.19%
Cash ROIC	snapshot only																				11.40%
CROIC	snapshot only																				10.90%
NOPAT Margin	snapshot only																				18.20%
Pretax Margin	snapshot only																				24.05%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				26.01%
SBC / Revenue	snapshot only																				0.66%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	11.14	10.98	20.44	21.09	15.94	12.04	9.98	8.02	7.37	35.21	56.28	37.50	21.58	11.89	11.68	8.92	9.62	9.56	9.94	9.94	10.758
P/S Ratio	2.36	2.43	3.75	3.72	2.96	2.43	2.27	1.75	1.35	1.63	1.86	1.31	1.15	1.40	1.57	1.33	1.54	1.60	1.73	1.81	1.959
P/B Ratio	0.87	0.93	0.90	1.02	0.93	0.88	0.85	0.71	0.58	0.88	0.87	0.70	0.71	0.88	0.95	0.82	0.96	1.01	1.00	1.06	1.121
P/FCF	9.87	8.76	-28.67	35.50	15.60	12.60	6.19	7.02	11.83	-22.11	26.44	53.17	36.52	10.14	12.31	7.38	10.52	6.59	9.98	8.81	8.806
P/OCF	8.87	7.43	—	25.95	13.03	11.37	5.91	6.64	10.39	—	19.51	25.94	20.76	8.88	10.94	6.86	9.77	6.30	9.48	8.42	8.423
EV/EBITDA	-5.42	-4.58	-13.10	-10.03	-9.37	-8.09	5.52	4.29	3.69	14.16	2.09	-1.44	-0.91	0.75	0.53	-0.39	0.49	0.77	8.28	8.67	8.670
EV/Revenue	-1.74	-1.53	-3.80	-2.85	-2.78	-2.57	1.93	1.43	1.05	1.39	0.19	-0.14	-0.11	0.16	0.12	-0.10	0.13	0.21	1.90	1.99	1.986
EV/EBIT	-6.09	-5.12	-15.01	-11.76	-10.94	-9.35	6.29	4.85	4.23	25.01	4.19	-3.00	-1.58	0.99	0.67	-0.49	0.60	0.93	8.29	8.26	8.256
EV/FCF	-7.28	-5.52	29.03	-27.15	-14.66	-13.34	5.27	5.76	9.24	-18.94	2.71	-5.56	-3.51	1.15	0.94	-0.54	0.88	0.85	11.01	9.67	9.665
Earnings Yield	9.0%	9.1%	4.9%	4.7%	6.3%	8.3%	10.0%	12.5%	13.6%	2.8%	1.8%	2.7%	4.6%	8.4%	8.6%	11.2%	10.4%	10.5%	10.1%	10.1%	10.06%
FCF Yield	10.1%	11.4%	-3.5%	2.8%	6.4%	7.9%	16.1%	14.2%	8.5%	-4.5%	3.8%	1.9%	2.7%	9.9%	8.1%	13.6%	9.5%	15.2%	10.0%	11.4%	11.36%
PEG Ratio	snapshot only																				0.411
Price/Tangible Book	snapshot only																				1.257
EV/OCF	snapshot only																				9.244
EV/Gross Profit	snapshot only																				3.056
Acquirers Multiple	snapshot only																				8.256
Shareholder Yield	snapshot only																				2.58%
Graham Number	snapshot only																				$27.30

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	0.20	0.20	0.23	0.23	0.23	0.23	0.05	0.05	0.05	0.05	0.09	0.09	0.09	0.09	0.11	0.11	0.11	0.11	6.23	6.23	6.232
Quick Ratio	0.20	0.20	0.23	0.23	0.23	0.23	0.05	0.05	0.05	0.05	0.09	0.09	0.09	0.09	0.11	0.11	0.11	0.11	6.23	6.23	6.232
Debt/Equity	0.16	0.16	0.20	0.20	0.20	0.20	0.26	0.26	0.26	0.26	0.17	0.17	0.17	0.17	0.25	0.25	0.25	0.25	0.19	0.19	0.188
Net Debt/Equity	-1.52	-1.52	-1.80	-1.80	-1.80	-1.80	-0.13	-0.13	-0.13	-0.13	-0.78	-0.78	-0.78	-0.78	-0.88	-0.88	-0.88	-0.88	0.10	0.10	0.103
Debt/Assets	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.018
Debt/EBITDA	1.31	1.21	2.83	2.51	2.10	1.71	1.94	1.89	2.09	4.77	3.91	3.25	2.22	1.26	1.81	1.65	1.54	1.48	1.41	1.40	1.405
Net Debt/EBITDA	-12.78	-11.84	-26.04	-23.14	-19.34	-15.73	-0.96	-0.94	-1.03	-2.37	-18.27	-15.19	-10.35	-5.86	-6.33	-5.75	-5.38	-5.16	0.77	0.77	0.771
Interest Coverage	3.27	3.72	3.51	3.65	3.99	3.88	3.36	2.17	1.21	0.20	0.14	0.13	0.19	0.42	0.47	0.53	0.58	0.63	0.67	0.73	0.732
Equity Multiplier	9.91	9.91	9.87	9.87	9.87	9.87	9.55	9.55	9.55	9.55	11.76	11.76	11.76	11.76	11.52	11.52	11.52	11.52	10.61	10.61	10.610
Cash Ratio	snapshot only																				4.549
Debt Service Coverage	snapshot only																				0.697
Cash to Debt	snapshot only																				0.451
FCF to Debt	snapshot only																				0.639
Defensive Interval	snapshot only																				177.4 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.04	0.04	0.03	0.04	0.04	0.05	0.04	0.04	0.05	0.06	0.05	0.06	0.07	0.07	0.05	0.05	0.05	0.06	0.05	0.06	0.055
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	14.37	14.83	12.55	14.42	16.53	18.95	17.01	18.25	19.42	24.58	16.67	19.28	22.05	22.37	16.83	17.11	17.34	17.49	17.98	18.12	18.115
Payables Turnover	9.81	8.31	2.21	2.42	2.48	3.39	6.05	9.45	14.71	35.57	163.53	193.04	220.22	189.06	—	—	—	—	—	—	—
DSO	25	25	29	25	22	19	21	20	19	15	22	19	17	16	22	21	21	21	20	20	20.1 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	37	44	165	151	147	108	60	39	25	10	2	2	2	2	0	0	0	0	0	0	—
Cash Conversion Cycle	-12	-19	-136	-126	-125	-88	-39	-19	-6	5	20	17	15	14	22	21	21	21	20	20	—
Fixed Asset Turnover	snapshot only																				3.807
Cash Velocity	snapshot only																				6.883
Capital Intensity	snapshot only																				18.126

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	4.1%	7.8%	18.8%	34.9%	52.3%	69.1%	63.7%	52.9%	41.9%	56.7%	74.1%	87.6%	1.0%	61.7%	36.9%	20.4%	6.6%	6.0%	5.0%	4.1%	4.05%
Net Income	-8.2%	4.2%	-2.3%	2.2%	33.6%	54.2%	1.0%	88.6%	39.6%	-64.1%	-74.7%	-70.0%	-41.1%	3.1%	4.6%	4.2%	2.2%	50.8%	35.6%	27.0%	27.01%
EPS	-2.2%	10.7%	-31.7%	-39.4%	-20.9%	-8.7%	75.5%	88.0%	39.2%	-78.5%	-84.9%	-82.0%	-64.7%	3.1%	4.6%	4.1%	2.2%	50.5%	35.3%	26.7%	26.73%
FCF	8.7%	72.5%	-1.7%	-37.6%	21.0%	17.5%	5.6%	2.6%	-14.9%	-1.6%	-66.6%	-81.5%	-44.1%	4.0%	1.5%	7.8%	3.9%	86.6%	42.1%	18.6%	18.63%
EBITDA	-6.4%	5.7%	3.2%	10.1%	41.0%	60.7%	97.8%	80.1%	36.3%	-51.5%	-54.7%	-46.7%	-13.7%	2.5%	2.4%	2.1%	1.3%	35.2%	5.4%	-4.0%	-3.99%
Op. Income	-7.6%	5.4%	0.6%	4.4%	35.4%	55.3%	99.0%	86.7%	38.9%	-68.3%	-74.3%	-71.2%	-43.3%	3.7%	4.4%	4.3%	2.3%	47.0%	34.0%	25.2%	25.15%
OCF Growth	snapshot only																				15.40%
Asset Growth	snapshot only																				0.45%
Equity Growth	snapshot only																				9.02%
Debt Growth	snapshot only																				-18.03%
Shares Change	snapshot only																				0.22%
Dividend Growth	snapshot only																				0.19%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	3.5%	4.9%	13.6%	17.9%	22.4%	27.4%	25.5%	28.4%	31.0%	41.9%	50.2%	57.0%	63.3%	62.4%	57.4%	51.1%	45.0%	39.0%	35.8%	32.9%	32.94%
Revenue 5Y	5.5%	6.0%	8.1%	10.8%	13.3%	15.2%	16.1%	17.7%	19.1%	25.1%	33.1%	36.2%	39.3%	39.2%	36.3%	36.7%	37.1%	37.4%	37.2%	37.1%	37.10%
EPS 3Y	4.5%	4.8%	-23.0%	-23.8%	-18.7%	-12.3%	6.9%	9.0%	2.5%	-39.9%	-43.5%	-41.1%	-27.0%	-7.0%	13.7%	20.1%	16.0%	9.9%	4.3%	5.3%	5.27%
EPS 5Y	13.4%	13.9%	3.3%	1.8%	5.5%	8.1%	12.2%	10.4%	4.7%	-25.7%	-34.5%	-31.6%	-23.4%	-9.8%	0.4%	3.6%	3.9%	6.1%	6.3%	5.8%	5.85%
Net Income 3Y	1.7%	1.9%	-15.0%	-11.7%	-5.9%	1.6%	24.4%	27.2%	19.6%	-16.8%	-20.6%	-16.7%	3.2%	31.7%	41.9%	42.8%	38.0%	30.7%	24.0%	25.2%	25.19%
Net Income 5Y	11.7%	12.2%	9.8%	11.2%	15.2%	18.2%	22.6%	20.7%	14.4%	-10.1%	-20.6%	-17.2%	-7.3%	9.2%	22.1%	26.0%	26.4%	29.1%	30.5%	30.5%	30.48%
EBITDA 3Y	0.3%	1.9%	3.1%	6.2%	12.5%	20.9%	25.5%	28.0%	21.6%	-6.3%	-2.5%	1.8%	18.4%	39.5%	45.5%	44.5%	39.1%	31.7%	18.0%	17.2%	17.17%
EBITDA 5Y	6.7%	7.4%	5.8%	7.8%	11.3%	14.5%	17.5%	18.1%	14.2%	-3.8%	-0.3%	2.8%	10.9%	24.4%	25.2%	28.6%	28.8%	31.1%	27.3%	26.1%	26.12%
Gross Profit 3Y	1.0%	3.8%	15.8%	21.1%	26.8%	32.3%	27.6%	28.2%	27.1%	24.5%	29.4%	33.9%	39.0%	42.8%	36.2%	30.9%	26.1%	21.8%	21.0%	21.7%	21.74%
Gross Profit 5Y	4.2%	5.3%	8.2%	11.0%	13.7%	15.2%	15.2%	15.6%	14.9%	13.8%	20.7%	23.6%	26.9%	30.6%	27.3%	27.9%	28.6%	29.4%	29.5%	29.8%	29.82%
Op. Income 3Y	-1.2%	1.3%	2.2%	4.5%	10.9%	19.6%	24.4%	27.6%	20.2%	-19.6%	-19.9%	-17.5%	2.2%	32.2%	40.5%	41.8%	37.1%	29.8%	23.1%	24.1%	24.07%
Op. Income 5Y	7.6%	8.3%	5.9%	7.1%	10.7%	13.3%	16.3%	17.2%	12.7%	-12.5%	-11.4%	-9.3%	1.4%	20.5%	21.8%	26.0%	26.4%	29.0%	30.2%	30.1%	30.07%
FCF 3Y	1.0%	12.7%	—	-23.9%	12.9%	22.0%	63.5%	73.4%	3.8%	—	1.4%	-25.2%	-16.8%	28.8%	—	81.0%	33.0%	50.2%	5.6%	24.7%	24.68%
FCF 5Y	0.0%	3.8%	—	-10.8%	6.0%	5.5%	25.4%	20.1%	1.2%	—	-0.5%	-21.6%	-7.3%	27.0%	29.4%	53.5%	25.3%	47.0%	29.8%	34.4%	34.41%
OCF 3Y	2.4%	15.8%	—	-16.6%	17.5%	20.2%	56.5%	54.6%	2.0%	—	7.2%	-8.1%	-3.1%	27.4%	—	67.0%	28.4%	47.4%	5.8%	24.3%	24.25%
OCF 5Y	1.2%	6.4%	—	-6.2%	8.1%	6.4%	24.7%	19.6%	2.5%	—	4.4%	-10.2%	2.6%	26.6%	27.8%	43.8%	22.7%	43.8%	27.6%	32.9%	32.94%
Assets 3Y	11.5%	11.5%	32.6%	32.6%	32.6%	32.6%	30.6%	30.6%	30.6%	30.6%	46.0%	46.0%	46.0%	46.0%	21.7%	21.7%	21.7%	21.7%	21.6%	21.6%	21.64%
Assets 5Y	11.2%	11.2%	24.4%	24.4%	24.4%	24.4%	20.1%	20.1%	20.1%	20.1%	32.3%	32.3%	32.3%	32.3%	31.9%	31.9%	31.9%	31.9%	26.5%	26.5%	26.48%
Equity 3Y	6.0%	6.0%	24.2%	24.2%	24.2%	24.2%	23.6%	23.6%	23.6%	23.6%	37.9%	37.9%	37.9%	37.9%	15.6%	15.6%	15.6%	15.6%	17.4%	17.4%	17.43%
Book Value 3Y	8.9%	9.0%	12.5%	7.2%	7.2%	7.2%	6.2%	6.0%	5.9%	-10.7%	-1.9%	-2.5%	-2.5%	-2.6%	-7.4%	-2.9%	-2.8%	-2.8%	-1.3%	-1.3%	-1.26%
Dividend 3Y	2.6%	0.8%	-6.2%	-5.9%	-1.5%	2.6%	-2.9%	-7.5%	-11.1%	-23.9%	-21.6%	-19.0%	-16.1%	-20.3%	-13.5%	-12.7%	-15.7%	-15.7%	-15.8%	-15.9%	-15.86%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.80	0.85	0.82	0.74	0.65	0.57	0.60	0.67	0.71	0.70	0.74	0.73	0.72	0.81	0.84	0.86	0.86	0.93	0.95	0.94	0.939
Earnings Stability	0.35	0.37	0.11	0.17	0.24	0.41	0.26	0.31	0.29	0.06	0.07	0.03	0.00	0.09	0.28	0.35	0.51	0.58	0.57	0.60	0.604
Margin Stability	0.96	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.92	0.82	0.81	0.80	0.80	0.78	0.77	0.77	0.77	0.77	0.78	0.79	0.791
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.50	0.00	1.00	0.50	1.00	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	0	1	1	1	0	1	1	0	1	1	1	0	1	1	1	1	1	1	1
Earnings Persistence	0.97	0.98	0.99	0.99	0.87	0.50	0.50	0.50	0.84	0.50	0.50	0.50	0.84	0.50	0.50	0.50	0.50	0.50	0.86	0.89	0.892
Earnings Smoothness	0.91	0.96	0.98	0.98	0.71	0.57	0.32	0.39	0.67	0.06	0.00	0.00	0.48	0.00	0.00	0.00	0.00	0.60	0.70	0.76	0.762
ROE Trend	-0.03	-0.02	-0.04	-0.03	-0.02	-0.01	0.02	0.02	0.01	-0.05	-0.05	-0.05	-0.04	0.02	0.03	0.04	0.04	0.06	0.05	0.05	0.051
Gross Margin Trend	0.01	0.05	0.08	0.08	0.09	0.07	0.01	-0.05	-0.13	-0.34	-0.37	-0.36	-0.33	-0.15	-0.11	-0.08	-0.03	0.04	0.06	0.08	0.081
FCF Margin Trend	0.00	0.08	-0.33	-0.06	-0.04	-0.03	0.32	0.08	-0.10	-0.31	-0.05	-0.15	-0.12	0.08	-0.09	0.04	0.07	0.21	0.07	0.10	0.103
Sustainable Growth Rate	4.9%	5.6%	3.2%	3.4%	4.4%	5.9%	6.1%	6.3%	5.3%	-0.6%	-1.1%	-1.1%	0.2%	5.0%	5.3%	6.4%	7.2%	7.8%	7.7%	8.3%	8.27%
Internal Growth Rate	0.5%	0.6%	0.3%	0.3%	0.4%	0.6%	0.6%	0.7%	0.6%	—	—	—	0.0%	0.5%	0.5%	0.5%	0.6%	0.7%	0.7%	0.8%	0.75%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.26	1.48	-0.49	0.81	1.22	1.06	1.69	1.21	0.71	-1.18	2.88	1.45	1.04	1.34	1.07	1.30	0.98	1.52	1.05	1.18	1.181
FCF/OCF	0.90	0.85	1.46	0.73	0.84	0.90	0.95	0.95	0.88	1.35	0.74	0.49	0.57	0.88	0.89	0.93	0.93	0.96	0.95	0.96	0.956
FCF/Net Income	snapshot only																				1.129
OCF/EBITDA	snapshot only																				0.938
CapEx/Revenue	2.7%	4.9%	4.1%	3.9%	3.7%	2.1%	1.8%	1.4%	1.6%	1.9%	2.5%	2.6%	2.4%	2.0%	1.6%	1.3%	1.1%	1.1%	0.9%	0.9%	0.94%
Accruals Ratio	-0.00	-0.00	0.01	0.00	-0.00	-0.00	-0.01	-0.00	0.00	0.01	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.00	-0.00	-0.00	-0.00	-0.002
Sloan Accruals	snapshot only																				0.794
Cash Flow Adequacy	snapshot only																				3.839
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	3.4%	3.1%	2.1%	2.1%	2.6%	3.1%	3.1%	3.7%	4.5%	3.5%	2.9%	4.0%	4.4%	3.6%	3.1%	3.6%	3.1%	3.0%	2.7%	2.6%	2.37%
Dividend/Share	$0.49	$0.48	$0.38	$0.38	$0.43	$0.48	$0.48	$0.48	$0.48	$0.34	$0.38	$0.43	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48
Payout Ratio	37.7%	34.3%	43.0%	44.6%	41.8%	37.4%	30.6%	29.8%	33.4%	1.2%	1.6%	1.5%	94.8%	42.4%	36.5%	32.5%	29.9%	28.3%	27.0%	25.6%	25.61%
FCF Payout Ratio	33.4%	27.4%	—	75.1%	40.9%	39.1%	19.0%	26.1%	53.7%	—	76.0%	2.1%	1.6%	36.1%	38.4%	26.9%	32.7%	19.5%	27.2%	22.7%	22.68%
Total Payout Ratio	1.0%	75.6%	48.3%	44.6%	41.8%	37.4%	30.6%	29.8%	33.4%	1.2%	1.6%	1.5%	94.8%	42.4%	36.5%	32.5%	29.9%	28.3%	27.0%	25.6%	25.61%
Div. Increase Streak	0	0	1	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.03	-0.03	0.13	0.31	0.51	0.71	0.47	0.30	0.16	0.20	0.36	0.54	0.72	0.47	0.29	0.16	0.04	0.04	0.03	0.03	0.028
Buyback Yield	5.8%	3.8%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	5.8%	3.8%	0.3%	-0.0%	-0.0%	-0.1%	-0.1%	-0.2%	-0.2%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	-0.0%	-0.0%	-0.03%
Total Shareholder Return	9.2%	6.9%	2.4%	2.1%	2.6%	3.0%	2.9%	3.5%	4.3%	3.3%	2.8%	3.9%	4.3%	3.5%	3.0%	3.6%	3.1%	2.9%	2.7%	2.5%	2.55%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.74	0.74	0.73	0.73	0.73	0.73	0.74	0.74	0.73	0.83	0.73	0.77	0.76	0.73	0.75	0.75	0.75	0.75	0.76	0.76	0.756
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
EBIT Margin	0.29	0.30	0.25	0.24	0.25	0.28	0.31	0.30	0.25	0.06	0.05	0.05	0.07	0.16	0.18	0.20	0.21	0.22	0.23	0.24	0.241
Asset Turnover	0.04	0.04	0.03	0.04	0.04	0.05	0.04	0.04	0.05	0.06	0.05	0.06	0.07	0.07	0.05	0.05	0.05	0.06	0.05	0.06	0.055
Equity Multiplier	9.01	9.01	9.88	9.88	9.88	9.88	9.70	9.70	9.70	9.70	10.84	10.84	10.84	10.84	11.63	11.63	11.63	11.63	11.04	11.04	11.044

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$1.30	$1.41	$0.89	$0.86	$1.03	$1.28	$1.57	$1.61	$1.43	$0.28	$0.24	$0.29	$0.51	$1.13	$1.32	$1.48	$1.61	$1.70	$1.78	$1.88	$1.88
Book Value/Share	$16.59	$16.59	$20.41	$17.69	$17.67	$17.67	$18.34	$18.32	$18.30	$11.00	$15.34	$15.40	$15.38	$15.33	$16.22	$16.21	$16.21	$16.20	$17.64	$17.64	$18.03
Tangible Book/Share	$14.96	$14.96	$16.04	$13.90	$13.89	$13.89	$14.61	$14.59	$14.58	$8.76	$11.82	$11.87	$11.85	$11.81	$13.00	$12.99	$12.99	$12.99	$14.86	$14.86	$14.86
Revenue/Share	$6.16	$6.36	$4.87	$4.85	$5.55	$6.36	$6.89	$7.39	$7.86	$5.97	$7.16	$8.31	$9.49	$9.60	$9.79	$9.94	$10.07	$10.16	$10.25	$10.32	$10.33
FCF/Share	$1.47	$1.76	$-0.64	$0.51	$1.05	$1.23	$2.53	$1.84	$0.89	$-0.44	$0.50	$0.20	$0.30	$1.33	$1.25	$1.79	$1.47	$2.47	$1.77	$2.12	$2.12
OCF/Share	$1.63	$2.08	$-0.44	$0.70	$1.26	$1.36	$2.65	$1.94	$1.02	$-0.33	$0.68	$0.42	$0.53	$1.52	$1.41	$1.93	$1.58	$2.59	$1.87	$2.22	$2.22
Cash/Share	$27.78	$27.78	$40.78	$35.33	$35.30	$35.29	$7.00	$6.99	$6.99	$4.20	$14.49	$14.55	$14.53	$14.49	$18.26	$18.25	$18.24	$18.24	$1.50	$1.50	$1.32
EBITDA/Share	$1.97	$2.13	$1.41	$1.38	$1.65	$2.02	$2.42	$2.47	$2.24	$0.59	$0.65	$0.79	$1.16	$2.04	$2.24	$2.47	$2.63	$2.75	$2.36	$2.36	$2.36
Debt/Share	$2.58	$2.58	$3.99	$3.46	$3.46	$3.46	$4.68	$4.68	$4.67	$2.81	$2.56	$2.57	$2.56	$2.55	$4.06	$4.06	$4.06	$4.06	$3.32	$3.32	$3.32
Net Debt/Share	$-25.19	$-25.20	$-36.79	$-31.87	$-31.84	$-31.83	$-2.32	$-2.32	$-2.32	$-1.39	$-11.94	$-11.98	$-11.97	$-11.93	$-14.19	$-14.19	$-14.18	$-14.18	$1.82	$1.82	$1.82

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.693
Altman Z-Prime	snapshot only																				0.387
Piotroski F-Score	7	7	4	5	7	7	6	6	5	3	6	6	6	8	7	8	7	8	8	8	8
Beneish M-Score	-1.79	-1.80	-2.23	-2.11	-2.07	-1.96	-2.04	-1.97	-1.87	-0.66	-1.15	-1.32	-1.38	-1.70	-2.45	-2.48	-2.49	-2.52	-2.57	-2.59	-2.589
Ohlson O-Score	snapshot only																				-5.150
ROIC (Greenblatt)	snapshot only																				55.98%
Net-Net WC	snapshot only																				$-167.43
EVA	snapshot only																				$-2252400.00

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				BBB+
Credit Score	71.27	73.59	45.00	50.12	63.52	68.25	70.43	66.37	48.53	34.05	31.88	30.50	35.54	60.51	64.07	66.15	67.85	72.29	62.46	63.65	63.649
Credit Grade	snapshot only																				8
Credit Trend	snapshot only																				-2.501
Implied Spread (bps)	snapshot only																				225.000
Industry Credit Rank	snapshot only																				51
Sector Credit Rank	snapshot only																				52

SHBI NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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