MYERS INDUSTRIES INC (MYE)
US6284641098 - Common Stock
MYE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 23 industry peers in the Containers & Packaging industry. MYE has only an average score on both its financial health and profitability. MYE is not valued too expensively and it also shows a decent growth rate. MYE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year MYE was profitable.
MYE had a positive operating cash flow in the past year.
MYE had positive earnings in each of the past 5 years.
In the past 5 years MYE always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.15%, MYE is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
MYE's Return On Equity of 13.49% is in line compared to the rest of the industry. MYE outperforms 47.83% of its industry peers.
MYE's Return On Invested Capital of 6.31% is on the low side compared to the rest of the industry. MYE is outperformed by 60.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MYE is significantly above the industry average of 7.70%.
The last Return On Invested Capital (6.31%) for MYE is well below the 3 year average (13.63%), which needs to be investigated, but indicates that MYE had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.15% | ||
| ROE | 13.49% | ||
| ROIC | 6.31% |
ROA(3y)9.02%
ROA(5y)8.63%
ROE(3y)18.74%
ROE(5y)18.05%
ROIC(3y)13.63%
ROIC(5y)12.95%
1.3 Margins
MYE has a Profit Margin of 4.89%. This is comparable to the rest of the industry: MYE outperforms 56.52% of its industry peers.
MYE's Profit Margin has declined in the last couple of years.
The Operating Margin of MYE (8.15%) is worse than 60.87% of its industry peers.
MYE's Operating Margin has improved in the last couple of years.
MYE has a better Gross Margin (31.56%) than 91.30% of its industry peers.
In the last couple of years the Gross Margin of MYE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.15% | ||
| PM (TTM) | 4.89% | ||
| GM | 31.56% |
OM growth 3Y0.92%
OM growth 5Y49.68%
PM growth 3Y-5.89%
PM growth 5YN/A
GM growth 3Y-1.85%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MYE is creating some value.
MYE has more shares outstanding than it did 1 year ago.
MYE has more shares outstanding than it did 5 years ago.
MYE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.72, we must say that MYE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.72, MYE perfoms like the industry average, outperforming 47.83% of the companies in the same industry.
MYE has a debt to FCF ratio of 6.70. This is a slightly negative value and a sign of low solvency as MYE would need 6.70 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.70, MYE is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
MYE has a Debt/Equity ratio of 1.34. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.34, MYE perfoms like the industry average, outperforming 47.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 6.7 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.73
WACC8.64%
2.3 Liquidity
MYE has a Current Ratio of 1.75. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE's Current ratio of 1.75 is fine compared to the rest of the industry. MYE outperforms 73.91% of its industry peers.
A Quick Ratio of 1.10 indicates that MYE should not have too much problems paying its short term obligations.
The Quick ratio of MYE (1.10) is better than 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.15%.
MYE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.12% yearly.
The Revenue has decreased by -9.59% in the past year.
The Revenue has been growing slightly by 7.49% on average over the past years.
EPS 1Y (TTM)-21.15%
EPS 3Y17.64%
EPS 5Y12.12%
EPS growth Q2Q-44.74%
Revenue 1Y (TTM)-9.59%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Revenue growth Q2Q-3.99%
3.2 Future
Based on estimates for the next years, MYE will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.86% on average per year.
The Revenue is expected to grow by 8.34% on average over the next years. This is quite good.
EPS Next Y-1.16%
EPS Next 2Y10.74%
EPS Next 3Y11.86%
EPS Next 5YN/A
Revenue Next Year15.74%
Revenue Next 2Y10.37%
Revenue Next 3Y8.34%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.09, which indicates a correct valuation of MYE.
Based on the Price/Earnings ratio, MYE is valued a bit cheaper than 69.57% of the companies in the same industry.
MYE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.56.
The Price/Forward Earnings ratio is 9.38, which indicates a very decent valuation of MYE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 91.30% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.34. MYE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.09 | ||
| Fwd PE | 9.38 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MYE indicates a slightly more expensive valuation: MYE is more expensive than 60.87% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MYE is valued a bit cheaper than 78.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.72 | ||
| EV/EBITDA | 10.65 |
4.3 Compensation for Growth
The decent profitability rating of MYE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.08
EPS Next 2Y10.74%
EPS Next 3Y11.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.35%, MYE has a reasonable but not impressive dividend return.
MYE's Dividend Yield is rather good when compared to the industry average which is at 2.81. MYE pays more dividend than 82.61% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, MYE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
5.2 History
The dividend of MYE has a limited annual growth rate of 0.36%.
MYE has paid a dividend for at least 10 years, which is a reliable track record.
MYE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.36%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
MYE pays out 51.64% of its income as dividend. This is a bit on the high side, but may be sustainable.
MYE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP51.64%
EPS Next 2Y10.74%
EPS Next 3Y11.86%
MYERS INDUSTRIES INC
NYSE:MYE (5/14/2024, 7:04:00 PM)
After market: 16.53 +0.43 (+2.67%)16.1
+0.04 (+0.25%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap594.73M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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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 | 13.09 | ||
| Fwd PE | 9.38 | ||
| 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)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.15% | ||
| ROE | 13.49% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.15% | ||
| PM (TTM) | 4.89% | ||
| GM | 31.56% | ||
| 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 Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.1 | ||
| 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)-21.15%
EPS 3Y17.64%
EPS 5Y
EPS growth Q2Q
EPS Next Y-1.16%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-9.59%
Revenue growth 3Y16.79%
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