MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
39.51 USD
+1.04 (+2.7%)
39.51 USD
0 (0%)
Taking everything into account, MLR scores 5 out of 10 in our fundamental rating. MLR was compared to 132 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
MLR had positive earnings in the past year.
MLR had a positive operating cash flow in the past year.
In the past 5 years MLR has always been profitable.
MLR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MLR has a better Return On Assets (5.06%) than 60.61% of its industry peers.
With a Return On Equity value of 7.28%, MLR perfoms like the industry average, outperforming 50.76% of the companies in the same industry.
MLR's Return On Invested Capital of 6.90% is in line compared to the rest of the industry. MLR outperforms 52.27% of its industry peers.
MLR had an Average Return On Invested Capital over the past 3 years of 12.05%. This is in line with the industry average of 10.21%.
The last Return On Invested Capital (6.90%) for MLR is well below the 3 year average (12.05%), which needs to be investigated, but indicates that MLR had better years and this may not be a problem.
| 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
MLR's Profit Margin of 3.64% is in line compared to the rest of the industry. MLR outperforms 46.97% of its industry peers.
MLR's Profit Margin has been stable in the last couple of years.
The Operating Margin of MLR (4.86%) is worse than 62.12% of its industry peers.
In the last couple of years the Operating Margin of MLR has remained more or less at the same level.
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.
MLR's Gross Margin has improved in the last couple of years.
| 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
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.
The debt/assets ratio for MLR is higher compared to a year ago.
2.2 Solvency
MLR has an Altman-Z score of 4.37. This indicates that MLR is financially healthy and has little risk of bankruptcy at the moment.
MLR has a better Altman-Z score (4.37) than 67.42% of its industry peers.
The Debt to FCF ratio of MLR is 1.59, which is an excellent value as it means it would take MLR, only 1.59 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MLR (1.59) is better than 83.33% of its industry peers.
MLR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.11, MLR is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.66
WACC10.49%
2.3 Liquidity
A Current Ratio of 3.46 indicates that MLR has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.46, MLR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
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.
The Quick ratio of MLR (2.13) is better than 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%.
MLR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.79% yearly.
MLR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -36.91%.
Measured over the past years, MLR shows a quite strong growth in Revenue. The Revenue has been growing by 8.98% on average per year.
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.
Based on estimates for the next years, MLR will show a decrease in Revenue. The Revenue will decrease by -7.67% on average per year.
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.
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
A Price/Earnings ratio of 15.20 indicates a correct valuation of MLR.
MLR's Price/Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 87.12% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.00, MLR is valued a bit cheaper.
A Price/Forward Earnings ratio of 14.96 indicates a correct valuation of MLR.
85.61% of the companies in the same industry are more expensive than MLR, based on the Price/Forward Earnings ratio.
MLR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.2 | ||
| Fwd PE | 14.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MLR is valued cheaper than 91.67% of the companies in the same industry.
MLR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MLR is cheaper than 81.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.98 | ||
| EV/EBITDA | 8.37 |
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)1.55
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.14%, MLR has a reasonable but not impressive dividend return.
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.
MLR's Dividend Yield is comparable with the S&P500 average which is at 1.94.
| 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 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
29.53% of the earnings are spent on dividend by MLR. This is a low number and sustainable payout ratio.
DP29.53%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
39.51
+1.04 (+2.7%)
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 Cap451.60M
Revenue(TTM)840.26M
Net Income(TTM)30.61M
Analysts76.67
Price Target49.98 (26.5%)
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 | 15.2 | ||
| Fwd PE | 14.96 | ||
| P/S | 0.54 | ||
| P/FCF | 15.98 | ||
| P/OCF | 11.93 | ||
| P/B | 1.07 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 8.37 |
EPS(TTM)2.6
EY6.58%
EPS(NY)2.64
Fwd EY6.69%
FCF(TTM)2.47
FCFY6.26%
OCF(TTM)3.31
OCFY8.38%
SpS73.51
BVpS36.8
TBVpS35.05
PEG (NY)N/A
PEG (5Y)1.55
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 | 4.37 |
F-Score7
WACC10.49%
ROIC/WACC0.66
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 15.2 and the Price/Book (PB) ratio is 1.07.
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%.