MILLER INDUSTRIES INC/TENN (MLR)
US6005512040 - Common Stock
MLR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 132 industry peers in the Machinery industry. Both the profitability and the financial health of MLR get a neutral evaluation. Nothing too spectacular is happening here. MLR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MLR had positive earnings in the past year.
MLR had a positive operating cash flow in the past year.
Each year in the past 5 years MLR has 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 9.01%, MLR is doing good in the industry, outperforming 71.32% of the companies in the same industry.
MLR has a better Return On Equity (16.76%) than 73.64% of its industry peers.
MLR has a Return On Invested Capital of 15.09%. This is amongst the best in the industry. MLR outperforms 85.27% of its industry peers.
MLR had an Average Return On Invested Capital over the past 3 years of 9.42%. This is in line with the industry average of 10.72%.
The 3 year average ROIC (9.42%) for MLR is below the current ROIC(15.09%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.01% | ||
| ROE | 16.76% | ||
| ROIC | 15.09% |
ROA(3y)5.59%
ROA(5y)6.85%
ROE(3y)9.8%
ROE(5y)11.02%
ROIC(3y)9.42%
ROIC(5y)10.91%
1.3 Margins
MLR has a Profit Margin of 5.05%. This is comparable to the rest of the industry: MLR outperforms 54.26% of its industry peers.
MLR's Profit Margin has been stable in the last couple of years.
MLR has a Operating Margin of 6.83%. This is comparable to the rest of the industry: MLR outperforms 44.96% of its industry peers.
MLR's Operating Margin has improved in the last couple of years.
MLR has a worse Gross Margin (13.16%) than 83.72% of its industry peers.
In the last couple of years the Gross Margin of MLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.83% | ||
| PM (TTM) | 5.05% | ||
| GM | 13.16% |
OM growth 3Y4.84%
OM growth 5Y2.06%
PM growth 3Y3.37%
PM growth 5Y1.31%
GM growth 3Y3.03%
GM growth 5Y2.38%
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.
MLR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MLR has more shares outstanding
Compared to 1 year ago, MLR has a worse debt to assets ratio.
2.2 Solvency
MLR has an Altman-Z score of 4.30. This indicates that MLR is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.30, MLR is doing good in the industry, outperforming 71.32% of the companies in the same industry.
A Debt/Equity ratio of 0.17 indicates that MLR is not too dependend on debt financing.
MLR has a better Debt to Equity ratio (0.17) than 74.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.3 |
ROIC/WACC1.54
WACC9.8%
2.3 Liquidity
MLR has a Current Ratio of 2.17. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
With a Current ratio value of 2.17, MLR perfoms like the industry average, outperforming 50.39% of the companies in the same industry.
MLR has a Quick Ratio of 1.37. This is a normal value and indicates that MLR is financially healthy and should not expect problems in meeting its short term obligations.
MLR has a Quick ratio of 1.37. This is in the better half of the industry: MLR outperforms 61.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.17 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 184.83% over the past year.
Measured over the past years, MLR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.42% on average per year.
MLR shows a strong growth in Revenue. In the last year, the Revenue has grown by 35.94%.
The Revenue has been growing by 10.14% on average over the past years. This is quite good.
EPS 1Y (TTM)184.83%
EPS 3Y24.58%
EPS 5Y11.42%
EPS growth Q2Q79.01%
Revenue 1Y (TTM)35.94%
Revenue growth 3Y20.98%
Revenue growth 5Y10.14%
Revenue growth Q2Q31.14%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.21, the valuation of MLR can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 87.60% of the companies listed in the same industry.
MLR is valuated cheaply when we compare the Price/Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.21 | ||
| Fwd PE | N/A |
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 89.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.68 |
4.3 Compensation for Growth
MLR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.89
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 1.54%. Purely for dividend investing, there may be better candidates out there.
MLR's Dividend Yield is a higher than the industry average which is at 1.73.
Compared to the average S&P500 Dividend Yield of 2.41, MLR is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
5.2 History
The dividend of MLR has a limited annual growth rate of 0.08%.
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)0.08%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
MLR pays out 14.15% of its income as dividend. This is a sustainable payout ratio.
The dividend of MLR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP14.15%
EPS Next 2YN/A
EPS Next 3YN/A
MILLER INDUSTRIES INC/TENN
NYSE:MLR (5/3/2024, 9:30:50 AM)
51.76
+0.69 (+1.35%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap592.65M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.21 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.01% | ||
| ROE | 16.76% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.83% | ||
| PM (TTM) | 5.05% | ||
| GM | 13.16% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.17 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)184.83%
EPS 3Y24.58%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)35.94%
Revenue growth 3Y20.98%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y