MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
37.44 USD
+0.07 (+0.19%)
37.44 USD
0 (0%)
Overall MLR gets a fundamental rating of 5 out of 10. We evaluated MLR against 132 industry peers in the Machinery industry. MLR has an excellent financial health rating, but there are some minor concerns on its profitability. MLR is valued correctly, but it does not seem to be growing.
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
With a decent Return On Assets value of 5.06%, MLR is doing good in the industry, outperforming 60.61% of the companies in the same industry.
MLR has a Return On Equity of 7.28%. This is comparable to the rest of the industry: MLR outperforms 50.76% of its industry peers.
MLR has a Return On Invested Capital of 6.90%. This is comparable to the rest of the industry: MLR outperforms 52.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MLR is in line with the industry average of 10.21%.
The 3 year average ROIC (12.05%) for MLR is well above the current ROIC(6.90%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.06% | ||
| ROE | 7.28% | ||
| ROIC | 6.9% |
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
With a Profit Margin value of 3.64%, MLR perfoms like the industry average, outperforming 46.97% of the companies in the same industry.
In the last couple of years the Profit Margin of MLR has remained more or less at the same level.
Looking at the Operating Margin, with a value of 4.86%, MLR is doing worse than 62.12% of the companies in the same industry.
MLR's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 15.15%, MLR is not doing good in the industry: 80.30% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of MLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.86% | ||
| PM (TTM) | 3.64% | ||
| GM | 15.15% |
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.
The number of shares outstanding for MLR has been increased compared to 5 years ago.
MLR has a worse debt/assets ratio than last year.
2.2 Solvency
MLR has an Altman-Z score of 4.29. This indicates that MLR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MLR (4.29) is better than 68.18% of its industry peers.
MLR has a debt to FCF ratio of 1.59. This is a very positive value and a sign of high solvency as it would only need 1.59 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.59, MLR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
MLR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
MLR has a better Debt to Equity ratio (0.11) than 77.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.29 |
ROIC/WACC0.65
WACC10.54%
2.3 Liquidity
MLR has a Current Ratio of 3.46. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR has a better Current ratio (3.46) than 83.33% of its industry peers.
MLR has a Quick Ratio of 2.13. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR's Quick ratio of 2.13 is fine compared to the rest of the industry. MLR outperforms 78.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.46 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
MLR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.88%.
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.
Looking at the last year, MLR shows a very negative growth in Revenue. The Revenue has decreased by -36.91% in the last year.
The Revenue has been growing by 8.98% on average over the past years. This is quite good.
EPS 1Y (TTM)-56.88%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-79.7%
Revenue 1Y (TTM)-36.91%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
3.2 Future
MLR is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.12% yearly.
MLR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.67% yearly.
EPS Next Y-67.58%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
EPS Next 5YN/A
Revenue Next Year-40.97%
Revenue Next 2Y-14.43%
Revenue Next 3Y-7.67%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.40, MLR is valued correctly.
MLR's Price/Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 87.88% of the companies in the same industry.
MLR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.60.
MLR is valuated correctly with a Price/Forward Earnings ratio of 14.17.
84.85% of the companies in the same industry are more expensive than MLR, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.23. MLR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 14.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MLR is valued cheaper than 90.91% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MLR is valued cheaper than 82.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.14 | ||
| EV/EBITDA | 7.94 |
4.3 Compensation for Growth
MLR's earnings are expected to decrease with -23.12% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.47
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 2.14%. Purely for dividend investing, there may be better candidates out there.
MLR's Dividend Yield is rather good when compared to the industry average which is at 0.85. MLR pays more dividend than 86.36% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, MLR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.14%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
MLR pays out 29.53% of its income as dividend. This is a sustainable payout ratio.
DP29.53%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
37.44
+0.07 (+0.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.35%
Inst Owner Change0%
Ins Owners3.75%
Ins Owner Change0%
Market Cap427.94M
Revenue(TTM)840.26M
Net Income(TTM)30.61M
Analysts76.67
Price Target49.98 (33.49%)
Short Float %4.17%
Short Ratio5.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP29.53%
Div Incr Years1
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.37%
Min EPS beat(2)15.64%
Max EPS beat(2)37.09%
EPS beat(4)3
Avg EPS beat(4)9.52%
Min EPS beat(4)-23.97%
Max EPS beat(4)37.09%
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)-5.08%
Min Revenue beat(2)-9.8%
Max Revenue beat(2)-0.37%
Revenue beat(4)0
Avg Revenue beat(4)-8.72%
Min Revenue beat(4)-24.32%
Max Revenue beat(4)-0.37%
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)0%
PT rev (3m)-14.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.89%
EPS NY rev (1m)0%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 14.17 | ||
| P/S | 0.51 | ||
| P/FCF | 15.14 | ||
| P/OCF | 11.3 | ||
| P/B | 1.02 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 7.94 |
EPS(TTM)2.6
EY6.94%
EPS(NY)2.64
Fwd EY7.06%
FCF(TTM)2.47
FCFY6.6%
OCF(TTM)3.31
OCFY8.85%
SpS73.51
BVpS36.8
TBVpS35.05
PEG (NY)N/A
PEG (5Y)1.47
Graham Number46.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.06% | ||
| ROE | 7.28% | ||
| ROCE | 8.72% | ||
| ROIC | 6.9% | ||
| ROICexc | 7.51% | ||
| ROICexgc | 7.88% | ||
| OM | 4.86% | ||
| PM (TTM) | 3.64% | ||
| GM | 15.15% | ||
| FCFM | 3.36% |
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%
ROICexgc growth 3Y23.72%
ROICexgc 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 Turnover1.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 0.82 | ||
| Cap/Depr | 69.13% | ||
| Cap/Sales | 1.14% | ||
| Interest Coverage | 4.99 | ||
| Cash Conversion | 69.16% | ||
| Profit Quality | 92.33% | ||
| Current Ratio | 3.46 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 4.29 |
F-Score7
WACC10.54%
ROIC/WACC0.65
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)-56.88%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-79.7%
EPS Next Y-67.58%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.91%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
Revenue Next Year-40.97%
Revenue Next 2Y-14.43%
Revenue Next 3Y-7.67%
Revenue Next 5YN/A
EBIT growth 1Y-56.06%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-53.23%
EBIT Next 3Y-17.31%
EBIT Next 5YN/A
FCF growth 1Y808.62%
FCF growth 3Y-37.17%
FCF growth 5Y-38.84%
OCF growth 1Y127.39%
OCF growth 3Y3.38%
OCF growth 5Y-13.64%
MILLER INDUSTRIES INC/TENN / MLR FAQ
What is the ChartMill fundamental rating of MILLER INDUSTRIES INC/TENN (MLR) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MLR.
What is the valuation status for MLR stock?
ChartMill assigns a valuation rating of 6 / 10 to MILLER INDUSTRIES INC/TENN (MLR). This can be considered as Fairly Valued.
Can you provide the profitability details for MILLER INDUSTRIES INC/TENN?
MILLER INDUSTRIES INC/TENN (MLR) has a profitability rating of 5 / 10.
What are the PE and PB ratios of MILLER INDUSTRIES INC/TENN (MLR) stock?
The Price/Earnings (PE) ratio for MILLER INDUSTRIES INC/TENN (MLR) is 14.4 and the Price/Book (PB) ratio is 1.02.
How sustainable is the dividend of MILLER INDUSTRIES INC/TENN (MLR) stock?
The dividend rating of MILLER INDUSTRIES INC/TENN (MLR) is 6 / 10 and the dividend payout ratio is 29.53%.