MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
NYSE:MLR - New York Stock Exchange, Inc. - US6005512040 - Common Stock - Currency: USD
Taking everything into account, MLR scores 5 out of 10 in our fundamental rating. MLR was compared to 128 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MLR had positive earnings in the past year.
In the past year MLR had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 8.53%, MLR is in the better half of the industry, outperforming 73.44% of the companies in the same industry.
With a decent Return On Equity value of 13.42%, MLR is doing good in the industry, outperforming 64.84% of the companies in the same industry.
MLR has a Return On Invested Capital of 11.83%. This is in the better half of the industry: MLR outperforms 75.78% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MLR is in line with the industry average of 10.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 13.42% | ||
| ROIC | 11.83% |
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 4.81%, MLR perfoms like the industry average, outperforming 46.88% 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.
MLR has a Operating Margin (6.39%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of MLR has remained more or less at the same level.
MLR has a worse Gross Margin (14.16%) than 82.03% of its industry peers.
In the last couple of years the Gross Margin of MLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.39% | ||
| PM (TTM) | 4.81% | ||
| GM | 14.16% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MLR is still creating some value.
Compared to 1 year ago, MLR has about the same amount of shares outstanding.
The number of shares outstanding for MLR has been increased compared to 5 years ago.
Compared to 1 year ago, MLR has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.69 indicates that MLR is not in any danger for bankruptcy at the moment.
The Altman-Z score of MLR (4.69) is better than 74.22% of its industry peers.
MLR has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.18, MLR is doing good in the industry, outperforming 73.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.69 |
ROIC/WACC1.12
WACC10.58%
2.3 Liquidity
A Current Ratio of 3.23 indicates that MLR has no problem at all paying its short term obligations.
MLR's Current ratio of 3.23 is fine compared to the rest of the industry. MLR outperforms 79.69% of its industry peers.
MLR has a Quick Ratio of 2.16. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR has a better Quick ratio (2.16) than 77.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.23 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
MLR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.80%.
The Earnings Per Share has been growing by 9.79% on average over the past years. This is quite good.
MLR shows a decrease in Revenue. In the last year, the revenue decreased by -7.19%.
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)-17.8%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-53.06%
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-35.5%
3.2 Future
MLR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.09% yearly.
Based on estimates for the next years, MLR will show a small growth in Revenue. The Revenue will grow by 2.38% on average per year.
EPS Next Y-44.99%
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
EPS Next 5YN/A
Revenue Next Year-23%
Revenue Next 2Y-4.63%
Revenue Next 3Y2.38%
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
Based on the Price/Earnings ratio of 9.53, the valuation of MLR can be described as reasonable.
92.97% of the companies in the same industry are more expensive than MLR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.30. MLR is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.07, the valuation of MLR can be described as very reasonable.
MLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 92.97% of the companies in the same industry.
MLR is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.53 | ||
| Fwd PE | 9.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MLR is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.49 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.97
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 1.76%.
MLR's Dividend Yield is a higher than the industry average which is at 1.90.
MLR's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.76% |
5.2 History
The dividend of MLR has a limited annual growth rate of 1.14%.
MLR has paid a dividend for at least 10 years, which is 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 16.19% 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.
DP16.19%
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
44.9
-0.08 (-0.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners93.96%
Inst Owner Change4.83%
Ins Owners3.96%
Ins Owner Change23.01%
Market Cap514.55M
Analysts80
Price Target71.91 (60.16%)
Short Float %7.41%
Short Ratio8.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.76% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP16.19%
Div Incr Years1
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.33%
Min EPS beat(2)-23.97%
Max EPS beat(2)9.31%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-12.36%
Min Revenue beat(2)-24.32%
Max Revenue beat(2)-0.41%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-9.62%
EPS NQ rev (1m)-8.76%
EPS NQ rev (3m)-62.69%
EPS NY rev (1m)0.17%
EPS NY rev (3m)-51.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-35.93%
Revenue NY rev (1m)-0.39%
Revenue NY rev (3m)-27.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.53 | ||
| Fwd PE | 9.07 | ||
| P/S | 0.45 | ||
| P/FCF | N/A | ||
| P/OCF | 48.51 | ||
| P/B | 1.27 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 6.49 |
EPS(TTM)4.71
EY10.49%
EPS(NY)4.95
Fwd EY11.02%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)0.93
OCFY2.06%
SpS98.89
BVpS35.47
TBVpS33.73
PEG (NY)N/A
PEG (5Y)0.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 13.42% | ||
| ROCE | 14.96% | ||
| ROIC | 11.83% | ||
| ROICexc | 12.54% | ||
| ROICexgc | 13.12% | ||
| OM | 6.39% | ||
| PM (TTM) | 4.81% | ||
| GM | 14.16% | ||
| FCFM | N/A |
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-Score5
Asset Turnover1.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.87 | ||
| Cap/Depr | 111.16% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 7.49 | ||
| Cash Conversion | 12.24% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.23 | ||
| Quick Ratio | 2.16 | ||
| Altman-Z | 4.69 |
F-Score5
WACC10.58%
ROIC/WACC1.12
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)-17.8%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-53.06%
EPS Next Y-44.99%
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-35.5%
Revenue Next Year-23%
Revenue Next 2Y-4.63%
Revenue Next 3Y2.38%
Revenue Next 5YN/A
EBIT growth 1Y-18.55%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-31.53%
EBIT Next 3Y8.04%
EBIT Next 5YN/A
FCF growth 1Y77.94%
FCF growth 3Y-37.17%
FCF growth 5Y-38.84%
OCF growth 1Y251.23%
OCF growth 3Y3.38%
OCF growth 5Y-13.64%