MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - NYSE:MLR - US6005512040 - Common Stock
38.3 USD
+0.11 (+0.29%)
38.3 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MLR. MLR was compared to 130 industry peers in the Machinery industry. While MLR has a great health rating, its profitability is only average at the moment. 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.
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
The Return On Assets of MLR (6.83%) is better than 69.23% of its industry peers.
MLR has a Return On Equity (10.15%) which is comparable to the rest of the industry.
MLR has a Return On Invested Capital of 9.30%. This is in the better half of the industry: MLR outperforms 66.92% 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 10.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 10.15% | ||
| ROIC | 9.3% |
ROA(3y)7.49%
ROA(5y)6.73%
ROE(3y)13.1%
ROE(5y)11.11%
ROIC(3y)12.06%
ROIC(5y)10.65%
1.3 Margins
MLR has a Profit Margin (4.36%) which is comparable to the rest of the industry.
MLR's Profit Margin has been stable in the last couple of years.
MLR has a Operating Margin of 5.74%. This is in the lower half of the industry: MLR underperforms 60.77% of its industry peers.
MLR's Operating Margin has been stable in the last couple of years.
The Gross Margin of MLR (14.76%) is worse than 81.54% of its industry peers.
In the last couple of years the Gross Margin of MLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.74% | ||
| PM (TTM) | 4.36% | ||
| GM | 14.76% |
OM growth 3Y26.64%
OM growth 5Y0.54%
PM growth 3Y30.16%
PM growth 5Y0.95%
GM growth 3Y11.72%
GM growth 5Y2.86%
2. Health
2.1 Basic Checks
MLR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
MLR has about the same amout of shares outstanding than it did 1 year ago.
MLR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MLR is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.40 indicates that MLR is not in any danger for bankruptcy at the moment.
MLR has a Altman-Z score of 4.40. This is in the better half of the industry: MLR outperforms 70.00% 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.
With an excellent Debt to FCF ratio value of 1.59, MLR belongs to the best of the industry, outperforming 83.85% of the companies in the same industry.
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 better Debt to Equity ratio (0.13) than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.4 |
ROIC/WACC0.89
WACC10.42%
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.
MLR has a better Current ratio (3.32) than 83.08% of its industry peers.
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 79.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
The earnings per share for MLR have decreased strongly by -56.88% in the last year.
MLR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.89% yearly.
MLR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.03%.
The Revenue has been growing by 8.98% on average over the past years. This is quite good.
EPS 1Y (TTM)-56.88%
EPS 3Y54.63%
EPS 5Y8.89%
EPS Q2Q%-79.7%
Revenue 1Y (TTM)9.03%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
3.2 Future
The Earnings Per Share is expected to grow by 1.00% on average over the next years.
MLR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.41% yearly.
EPS Next Y-68.54%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue Next Year-40.89%
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.
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
A Price/Earnings ratio of 14.73 indicates a correct valuation of MLR.
MLR's Price/Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 82.31% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.34, MLR is valued a bit cheaper.
A Price/Forward Earnings ratio of 10.25 indicates a reasonable valuation of MLR.
MLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 92.31% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MLR to the average of the S&P500 Index (34.43), we can say MLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.73 | ||
| Fwd PE | 10.25 |
4.2 Price Multiples
MLR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MLR is cheaper than 93.85% 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 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.65 | ||
| EV/EBITDA | 6.55 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.66
EPS Next 2Y-17.5%
EPS Next 3Y1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.09%, MLR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.86, MLR pays a better dividend. On top of this MLR pays more dividend than 84.62% of the companies listed in the same industry.
MLR's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.09% |
5.2 History
The dividend of MLR has a limited annual growth rate of 1.94%.
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)1.94%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
21.00% of the earnings are spent on dividend by MLR. This is a low number and sustainable payout ratio.
MLR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP21%
EPS Next 2Y-17.5%
EPS Next 3Y1%
38.3
+0.11 (+0.29%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners99.09%
Inst Owner Change-2.33%
Ins Owners3.74%
Ins Owner Change3.81%
Market Cap438.92M
Revenue(TTM)1.26B
Net Income(TTM)42.53M
Analysts80
Price Target58.14 (51.8%)
Short Float %5.26%
Short Ratio5.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.09% |
Yearly Dividend0.79
Dividend Growth(5Y)1.94%
DP21%
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)0%
PT rev (3m)-14.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-76.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-42.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-34.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-22.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.73 | ||
| Fwd PE | 10.25 | ||
| P/S | 0.45 | ||
| P/FCF | 12.65 | ||
| P/OCF | 9.01 | ||
| P/B | 1.05 | ||
| P/tB | 1.1 | ||
| EV/EBITDA | 6.55 |
EPS(TTM)2.6
EY6.79%
EPS(NY)3.74
Fwd EY9.76%
FCF(TTM)3.03
FCFY7.91%
OCF(TTM)4.25
OCFY11.1%
SpS85.15
BVpS36.56
TBVpS34.82
PEG (NY)N/A
PEG (5Y)1.66
Graham Number46.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 10.15% | ||
| ROCE | 11.74% | ||
| ROIC | 9.3% | ||
| ROICexc | 9.97% | ||
| ROICexgc | 10.44% | ||
| OM | 5.74% | ||
| PM (TTM) | 4.36% | ||
| GM | 14.76% | ||
| FCFM | 3.56% |
ROA(3y)7.49%
ROA(5y)6.73%
ROE(3y)13.1%
ROE(5y)11.11%
ROIC(3y)12.06%
ROIC(5y)10.65%
ROICexc(3y)13.01%
ROICexc(5y)12.05%
ROICexgc(3y)13.65%
ROICexgc(5y)12.65%
ROCE(3y)15.22%
ROCE(5y)13.44%
ROICexgc growth 3Y23.49%
ROICexgc growth 5Y-3.08%
ROICexc growth 3Y23.67%
ROICexc growth 5Y-3.02%
OM growth 3Y26.64%
OM growth 5Y0.54%
PM growth 3Y30.16%
PM growth 5Y0.95%
GM growth 3Y11.72%
GM growth 5Y2.86%
F-Score7
Asset Turnover1.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 0.78 | ||
| Cap/Depr | 97.22% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 6.03 | ||
| Cash Conversion | 69.18% | ||
| Profit Quality | 81.59% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 4.4 |
F-Score7
WACC10.42%
ROIC/WACC0.89
Cap/Depr(3y)148.51%
Cap/Depr(5y)142.14%
Cap/Sales(3y)1.88%
Cap/Sales(5y)1.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-56.88%
EPS 3Y54.63%
EPS 5Y8.89%
EPS Q2Q%-79.7%
EPS Next Y-68.54%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue 1Y (TTM)9.03%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
Revenue Next Year-40.89%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
Revenue Next 5YN/A
EBIT growth 1Y-42.01%
EBIT growth 3Y52.68%
EBIT growth 5Y9.57%
EBIT Next Year-53.78%
EBIT Next 3Y2.98%
EBIT Next 5YN/A
FCF growth 1Y491.14%
FCF growth 3Y-31.12%
FCF growth 5Y-35.37%
OCF growth 1Y162.16%
OCF growth 3Y3.64%
OCF growth 5Y-13.51%
MILLER INDUSTRIES INC/TENN / MLR FAQ
Can you provide the ChartMill fundamental rating for MILLER INDUSTRIES INC/TENN?
ChartMill assigns a fundamental rating of 6 / 10 to MLR.
What is the valuation status of MILLER INDUSTRIES INC/TENN (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 is the valuation of MILLER INDUSTRIES INC/TENN based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MILLER INDUSTRIES INC/TENN (MLR) is 14.73 and the Price/Book (PB) ratio is 1.05.
How financially healthy is MILLER INDUSTRIES INC/TENN?
The financial health rating of MILLER INDUSTRIES INC/TENN (MLR) is 8 / 10.