MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - NYSE:MYE - US6284641098 - Common Stock
17.41 USD
+0.38 (+2.23%)
17.42 USD
+0.01 (+0.06%)
We assign a fundamental rating of 5 out of 10 to MYE. MYE was compared to 22 industry peers in the Containers & Packaging industry. Both the profitability and the financial health of MYE get a neutral evaluation. Nothing too spectacular is happening here. MYE is not valued too expensively and it also shows a decent growth rate.
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
MYE has a worse Return On Assets (1.14%) than 63.64% of its industry peers.
MYE has a Return On Equity of 3.45%. This is comparable to the rest of the industry: MYE outperforms 40.91% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.87%, MYE is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
MYE had an Average Return On Invested Capital over the past 3 years of 10.72%. This is above the industry average of 7.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 3.45% | ||
| ROIC | 6.87% |
ROA(3y)7%
ROA(5y)7.42%
ROE(3y)14.28%
ROE(5y)15.66%
ROIC(3y)10.72%
ROIC(5y)10.45%
1.3 Margins
MYE has a Profit Margin (1.19%) which is in line with its industry peers.
In the last couple of years the Profit Margin of MYE has declined.
MYE has a Operating Margin of 9.12%. This is comparable to the rest of the industry: MYE outperforms 59.09% of its industry peers.
MYE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 32.86%, MYE belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
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 | 9.12% | ||
| PM (TTM) | 1.19% | ||
| GM | 32.86% |
OM growth 3Y9.23%
OM growth 5Y2.29%
PM growth 3Y-41.94%
PM growth 5Y-28.82%
GM growth 3Y5.11%
GM growth 5Y-0.51%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MYE is still creating some value.
The number of shares outstanding for MYE remains at a similar level compared to 1 year ago.
The number of shares outstanding for MYE has been increased compared to 5 years ago.
MYE has a worse debt/assets ratio than last year.
2.2 Solvency
MYE has an Altman-Z score of 2.02. This is not the best score and indicates that MYE is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.02, MYE is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
MYE has a debt to FCF ratio of 6.77. This is a slightly negative value and a sign of low solvency as MYE would need 6.77 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 6.77, MYE belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
MYE has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.24, MYE is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 2.02 |
ROIC/WACC0.71
WACC9.62%
2.3 Liquidity
A Current Ratio of 1.77 indicates that MYE should not have too much problems paying its short term obligations.
The Current ratio of MYE (1.77) is better than 86.36% of its industry peers.
A Quick Ratio of 1.12 indicates that MYE should not have too much problems paying its short term obligations.
MYE has a better Quick ratio (1.12) than 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.62%.
The Earnings Per Share has been growing slightly by 6.20% on average over the past years.
MYE shows a small growth in Revenue. In the last year, the Revenue has grown by 1.11%.
Measured over the past years, MYE shows a quite strong growth in Revenue. The Revenue has been growing by 10.15% on average per year.
EPS 1Y (TTM)-23.62%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%-20.51%
Revenue 1Y (TTM)1.11%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-4.84%
3.2 Future
MYE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.48% yearly.
Based on estimates for the next years, MYE will show a decrease in Revenue. The Revenue will decrease by -0.63% on average per year.
EPS Next Y-1.91%
EPS Next 2Y19.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.56%
Revenue Next 2Y-0.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 17.95, MYE is valued on the expensive side.
MYE's Price/Earnings is on the same level as the industry average.
MYE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.89.
MYE is valuated reasonably with a Price/Forward Earnings ratio of 11.73.
Based on the Price/Forward Earnings ratio, MYE is valued a bit cheaper than 72.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.99. MYE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.95 | ||
| Fwd PE | 11.73 |
4.2 Price Multiples
MYE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MYE is cheaper than 63.64% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 81.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.63 | ||
| EV/EBITDA | 8.58 |
4.3 Compensation for Growth
The decent profitability rating of MYE may justify a higher PE ratio.
MYE's earnings are expected to grow with 19.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)2.9
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 3.17%.
MYE's Dividend Yield is a higher than the industry average which is at 3.22.
MYE's Dividend Yield is a higher than the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
5.2 History
The dividend of MYE decreases each year by -0.11%.
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)-0.11%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 203.67% of its income as dividend. This is not a sustainable payout ratio.
DP203.67%
EPS Next 2Y19.48%
EPS Next 3YN/A
17.41
+0.38 (+2.23%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners89.1%
Inst Owner Change0.15%
Ins Owners1.1%
Ins Owner Change3.53%
Market Cap651.31M
Revenue(TTM)825.28M
Net Income(TTM)9.82M
Analysts80
Price Target21.42 (23.03%)
Short Float %1.58%
Short Ratio2.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
Yearly Dividend0.54
Dividend Growth(5Y)-0.11%
DP203.67%
Div Incr Years0
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.28%
Min EPS beat(2)-4.08%
Max EPS beat(2)14.64%
EPS beat(4)2
Avg EPS beat(4)21.01%
Min EPS beat(4)-14.65%
Max EPS beat(4)88.12%
EPS beat(8)4
Avg EPS beat(8)8.81%
EPS beat(12)7
Avg EPS beat(12)9.01%
EPS beat(16)10
Avg EPS beat(16)10.58%
Revenue beat(2)0
Avg Revenue beat(2)-3.48%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-1.01%
Revenue beat(4)0
Avg Revenue beat(4)-3.77%
Min Revenue beat(4)-7.5%
Max Revenue beat(4)-0.61%
Revenue beat(8)0
Avg Revenue beat(8)-6.55%
Revenue beat(12)1
Avg Revenue beat(12)-5.9%
Revenue beat(16)5
Avg Revenue beat(16)-3.13%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-10.71%
EPS NQ rev (3m)4.17%
EPS NY rev (1m)-3.81%
EPS NY rev (3m)-0.98%
Revenue NQ rev (1m)-3.68%
Revenue NQ rev (3m)-3.78%
Revenue NY rev (1m)-1.46%
Revenue NY rev (3m)-2.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.95 | ||
| Fwd PE | 11.73 | ||
| P/S | 0.79 | ||
| P/FCF | 11.63 | ||
| P/OCF | 7.94 | ||
| P/B | 2.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.58 |
EPS(TTM)0.97
EY5.57%
EPS(NY)1.48
Fwd EY8.53%
FCF(TTM)1.5
FCFY8.6%
OCF(TTM)2.19
OCFY12.59%
SpS22.06
BVpS7.62
TBVpS-3.48
PEG (NY)N/A
PEG (5Y)2.9
Graham Number12.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 3.45% | ||
| ROCE | 10.65% | ||
| ROIC | 6.87% | ||
| ROICexc | 7.29% | ||
| ROICexgc | 19.36% | ||
| OM | 9.12% | ||
| PM (TTM) | 1.19% | ||
| GM | 32.86% | ||
| FCFM | 6.79% |
ROA(3y)7%
ROA(5y)7.42%
ROE(3y)14.28%
ROE(5y)15.66%
ROIC(3y)10.72%
ROIC(5y)10.45%
ROICexc(3y)11.45%
ROICexc(5y)11.26%
ROICexgc(3y)21.08%
ROICexgc(5y)21.13%
ROCE(3y)16.62%
ROCE(5y)16.21%
ROICexgc growth 3Y2.48%
ROICexgc growth 5Y-7.4%
ROICexc growth 3Y-11.13%
ROICexc growth 5Y-12.28%
OM growth 3Y9.23%
OM growth 5Y2.29%
PM growth 3Y-41.94%
PM growth 5Y-28.82%
GM growth 3Y5.11%
GM growth 5Y-0.51%
F-Score6
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 6.77 | ||
| Debt/EBITDA | 3.07 | ||
| Cap/Depr | 65% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.13% | ||
| Profit Quality | 570.27% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.02 |
F-Score6
WACC9.62%
ROIC/WACC0.71
Cap/Depr(3y)92%
Cap/Depr(5y)85.13%
Cap/Sales(3y)2.8%
Cap/Sales(5y)2.68%
Profit Quality(3y)324.2%
Profit Quality(5y)228.65%
High Growth Momentum
Growth
EPS 1Y (TTM)-23.62%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%-20.51%
EPS Next Y-1.91%
EPS Next 2Y19.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.11%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-4.84%
Revenue Next Year-2.56%
Revenue Next 2Y-0.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3.15%
EBIT growth 3Y12.7%
EBIT growth 5Y12.67%
EBIT Next Year54.22%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-4.09%
FCF growth 3Y26.7%
FCF growth 5Y4.55%
OCF growth 1Y-5.7%
OCF growth 3Y20.72%
OCF growth 5Y7.78%
MYERS INDUSTRIES INC / MYE FAQ
Can you provide the ChartMill fundamental rating for MYERS INDUSTRIES INC?
ChartMill assigns a fundamental rating of 5 / 10 to MYE.
Can you provide the valuation status for MYERS INDUSTRIES INC?
ChartMill assigns a valuation rating of 6 / 10 to MYERS INDUSTRIES INC (MYE). This can be considered as Fairly Valued.
What is the profitability of MYE stock?
MYERS INDUSTRIES INC (MYE) has a profitability rating of 6 / 10.
How financially healthy is MYERS INDUSTRIES INC?
The financial health rating of MYERS INDUSTRIES INC (MYE) is 5 / 10.
Can you provide the expected EPS growth for MYE stock?
The Earnings per Share (EPS) of MYERS INDUSTRIES INC (MYE) is expected to decline by -1.91% in the next year.