MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
NYSE:MLR - US6005512040 - Common Stock
44.48 USD
-0.38 (-0.85%)
44.48 USD
0 (0%)
MLR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 127 industry peers in the Machinery industry. MLR has an excellent financial health rating, but there are some minor concerns on its profitability. MLR has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MLR was profitable.
MLR had a positive operating cash flow in the past year.
In the past 5 years MLR has always been profitable.
Of the past 5 years MLR 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MLR (6.82%) is better than 64.57% of its industry peers.
With a Return On Equity value of 10.15%, MLR perfoms like the industry average, outperforming 55.91% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.19%, MLR is in the better half of the industry, outperforming 62.99% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MLR is in line with the industry average of 10.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 10.15% | ||
| ROIC | 9.19% |
ROA(3y)7.52%
ROA(5y)6.76%
ROE(3y)13.17%
ROE(5y)11.16%
ROIC(3y)12.05%
ROIC(5y)10.64%
1.3 Margins
MLR has a Profit Margin of 4.35%. This is comparable to the rest of the industry: MLR outperforms 44.88% of its industry peers.
MLR's Profit Margin has been stable in the last couple of years.
MLR's Operating Margin of 5.67% is on the low side compared to the rest of the industry. MLR is outperformed by 60.63% of its industry peers.
MLR's Operating Margin has been stable in the last couple of years.
MLR's Gross Margin of 14.76% is on the low side compared to the rest of the industry. MLR is outperformed by 81.10% of its industry peers.
MLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.67% | ||
| PM (TTM) | 4.35% | ||
| GM | 14.76% |
OM growth 3Y26.88%
OM growth 5Y0.66%
PM growth 3Y30.5%
PM growth 5Y1.11%
GM growth 3Y11.72%
GM growth 5Y2.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MLR is creating some value.
The number of shares outstanding for MLR remains at a similar level compared to 1 year ago.
MLR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MLR has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.62 indicates that MLR is not in any danger for bankruptcy at the moment.
MLR has a Altman-Z score of 4.62. This is in the better half of the industry: MLR outperforms 75.59% of its industry peers.
MLR has a debt to FCF ratio of 1.61. This is a very positive value and a sign of high solvency as it would only need 1.61 years to pay back of all of its debts.
MLR has a better Debt to FCF ratio (1.61) than 79.53% of its industry peers.
MLR has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
MLR has a Debt to Equity ratio of 0.13. This is in the better half of the industry: MLR outperforms 74.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.61 | ||
| Altman-Z | 4.62 |
ROIC/WACC0.86
WACC10.65%
2.3 Liquidity
MLR has a Current Ratio of 3.32. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.32, MLR belongs to the best of the industry, outperforming 81.10% of the companies in the same industry.
MLR has a Quick Ratio of 2.19. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR's Quick ratio of 2.19 is fine compared to the rest of the industry. MLR outperforms 79.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
MLR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.16%.
Measured over the past years, MLR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.79% on average per year.
The Revenue for MLR has decreased by -24.48% in the past year. This is quite bad
MLR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.98% yearly.
EPS 1Y (TTM)-41.16%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-58.99%
Revenue 1Y (TTM)-24.48%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-42.38%
3.2 Future
Based on estimates for the next years, MLR will show a small growth in Earnings Per Share. The EPS will grow by 1.00% on average per year.
The Revenue is expected to decrease by -7.41% on average over the next years.
EPS Next Y-45.45%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue Next Year-31.35%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.15, which indicates a correct valuation of MLR.
Compared to the rest of the industry, the Price/Earnings ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 91.34% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.03, MLR is valued rather cheaply.
MLR is valuated reasonably with a Price/Forward Earnings ratio of 11.90.
88.98% of the companies in the same industry are more expensive than MLR, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, MLR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 11.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 91.34% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MLR is valued cheaper than 81.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.92 | ||
| EV/EBITDA | 7.7 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.24
EPS Next 2Y-17.5%
EPS Next 3Y1%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 1.86%.
MLR's Dividend Yield is rather good when compared to the industry average which is at 1.87. MLR pays more dividend than 81.89% of the companies in the same industry.
MLR's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
5.2 History
The dividend of MLR has a limited annual growth rate of 1.14%.
MLR has been paying a dividend for at least 10 years, so it has a reliable track record.
MLR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.14%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
MLR pays out 21.02% of its income as dividend. This is a sustainable payout ratio.
The dividend of MLR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP21.02%
EPS Next 2Y-17.5%
EPS Next 3Y1%
44.48
-0.38 (-0.85%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners99.1%
Inst Owner Change8.22%
Ins Owners3.74%
Ins Owner Change22.13%
Market Cap509.74M
Analysts80
Price Target58.14 (30.71%)
Short Float %6.91%
Short Ratio7.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP21.02%
Div Incr Years1
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.48%
Min EPS beat(2)9.31%
Max EPS beat(2)15.64%
EPS beat(4)2
Avg EPS beat(4)0%
Min EPS beat(4)-23.97%
Max EPS beat(4)15.64%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.1%
Min Revenue beat(2)-9.8%
Max Revenue beat(2)-0.41%
Revenue beat(4)1
Avg Revenue beat(4)-7.5%
Min Revenue beat(4)-24.32%
Max Revenue beat(4)4.54%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-14.93%
PT rev (3m)-19.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-48.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.84%
Revenue NQ rev (1m)-14.54%
Revenue NQ rev (3m)-35.79%
Revenue NY rev (1m)-10.15%
Revenue NY rev (3m)-10.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 11.9 | ||
| P/S | 0.52 | ||
| P/FCF | 14.92 | ||
| P/OCF | 10.5 | ||
| P/B | 1.22 | ||
| P/tB | 1.28 | ||
| EV/EBITDA | 7.7 |
EPS(TTM)3.66
EY8.23%
EPS(NY)3.74
Fwd EY8.4%
FCF(TTM)2.98
FCFY6.7%
OCF(TTM)4.23
OCFY9.52%
SpS85.15
BVpS36.53
TBVpS34.78
PEG (NY)N/A
PEG (5Y)1.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 10.15% | ||
| ROCE | 11.61% | ||
| ROIC | 9.19% | ||
| ROICexc | 9.85% | ||
| ROICexgc | 10.31% | ||
| OM | 5.67% | ||
| PM (TTM) | 4.35% | ||
| GM | 14.76% | ||
| FCFM | 3.5% |
ROA(3y)7.52%
ROA(5y)6.76%
ROE(3y)13.17%
ROE(5y)11.16%
ROIC(3y)12.05%
ROIC(5y)10.64%
ROICexc(3y)13%
ROICexc(5y)12.03%
ROICexgc(3y)13.63%
ROICexgc(5y)12.64%
ROCE(3y)15.23%
ROCE(5y)13.44%
ROICexcg growth 3Y23.72%
ROICexcg growth 5Y-2.98%
ROICexc growth 3Y23.89%
ROICexc growth 5Y-2.91%
OM growth 3Y26.88%
OM growth 5Y0.66%
PM growth 3Y30.5%
PM growth 5Y1.11%
GM growth 3Y11.72%
GM growth 5Y2.86%
F-Score7
Asset Turnover1.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.61 | ||
| Debt/EBITDA | 0.79 | ||
| Cap/Depr | 99.21% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | 5.97 | ||
| Cash Conversion | 69.51% | ||
| Profit Quality | 80.44% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 4.62 |
F-Score7
WACC10.65%
ROIC/WACC0.86
Cap/Depr(3y)148.85%
Cap/Depr(5y)142.34%
Cap/Sales(3y)1.89%
Cap/Sales(5y)1.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-41.16%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-58.99%
EPS Next Y-45.45%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.48%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-42.38%
Revenue Next Year-31.35%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
Revenue Next 5YN/A
EBIT growth 1Y-42.87%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-31.97%
EBIT Next 3Y8.04%
EBIT Next 5YN/A
FCF growth 1Y482.13%
FCF growth 3Y-37.17%
FCF growth 5Y-38.84%
OCF growth 1Y161.21%
OCF growth 3Y3.38%
OCF growth 5Y-13.64%