MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
NYSE:MYE - New York Stock Exchange, Inc. - US6284641098 - Common Stock - Currency: USD
MYE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. MYE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MYE had positive earnings in the past year.
MYE had a positive operating cash flow in the past year.
Each year in the past 5 years MYE has been profitable.
Each year in the past 5 years MYE had a positive operating cash flow.
1.2 Ratios
MYE has a worse Return On Assets (1.19%) than 63.64% of its industry peers.
MYE's Return On Equity of 3.79% is on the low side compared to the rest of the industry. MYE is outperformed by 63.64% of its industry peers.
With a Return On Invested Capital value of 6.55%, MYE perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
MYE had an Average Return On Invested Capital over the past 3 years of 10.60%. This is above the industry average of 7.48%.
The last Return On Invested Capital (6.55%) for MYE is well below the 3 year average (10.60%), which needs to be investigated, but indicates that MYE had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.79% | ||
| ROIC | 6.55% |
ROA(3y)6.99%
ROA(5y)7.42%
ROE(3y)14.27%
ROE(5y)15.65%
ROIC(3y)10.6%
ROIC(5y)10.33%
1.3 Margins
With a Profit Margin value of 1.26%, MYE is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
MYE's Profit Margin has declined in the last couple of years.
MYE's Operating Margin of 8.89% is in line compared to the rest of the industry. MYE outperforms 54.55% of its industry peers.
MYE's Operating Margin has improved in the last couple of years.
MYE's Gross Margin of 32.99% is amongst the best of the industry. MYE outperforms 90.91% 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 | 8.89% | ||
| PM (TTM) | 1.26% | ||
| GM | 32.99% |
OM growth 3Y9.38%
OM growth 5Y2.37%
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
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.
The number of shares outstanding for MYE has been increased compared to 5 years ago.
Compared to 1 year ago, MYE has a worse debt to assets ratio.
2.2 Solvency
MYE has an Altman-Z score of 1.77. This is a bad value and indicates that MYE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.77, MYE is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
MYE has a debt to FCF ratio of 9.25. This is a negative value and a sign of low solvency as MYE would need 9.25 years to pay back of all of its debts.
MYE has a Debt to FCF ratio of 9.25. This is amongst the best in the industry. MYE outperforms 81.82% of its industry peers.
A Debt/Equity ratio of 1.34 is on the high side and indicates that MYE has dependencies on debt financing.
MYE's Debt to Equity ratio of 1.34 is in line compared to the rest of the industry. MYE outperforms 54.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 9.25 | ||
| Altman-Z | 1.77 |
ROIC/WACC0.72
WACC9.09%
2.3 Liquidity
MYE has a Current Ratio of 1.78. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE has a Current ratio of 1.78. This is in the better half of the industry: MYE outperforms 77.27% of its industry peers.
MYE has a Quick Ratio of 1.14. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE has a Quick ratio of 1.14. This is in the better half of the industry: MYE outperforms 77.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.63%.
The Earnings Per Share has been growing slightly by 6.20% on average over the past years.
Looking at the last year, MYE shows a small growth in Revenue. The Revenue has grown by 3.91% in the last year.
The Revenue has been growing by 10.15% on average over the past years. This is quite good.
EPS 1Y (TTM)-14.63%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4.76%
Revenue 1Y (TTM)3.91%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-0.17%
3.2 Future
The Earnings Per Share is expected to grow by 24.26% on average over the next years. This is a very strong growth
MYE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.46% yearly.
EPS Next Y1%
EPS Next 2Y24.26%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.91%
Revenue Next 2Y1.46%
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
Based on the Price/Earnings ratio of 11.49, the valuation of MYE can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 86.36% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MYE to the average of the S&P500 Index (25.82), we can say MYE is valued rather cheaply.
A Price/Forward Earnings ratio of 7.51 indicates a rather cheap valuation of MYE.
Based on the Price/Forward Earnings ratio, MYE is valued cheaper than 90.91% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MYE to the average of the S&P500 Index (21.76), we can say MYE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.49 | ||
| Fwd PE | 7.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 90.91% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MYE is valued cheaper than 95.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.62 | ||
| EV/EBITDA | 7.11 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as MYE's earnings are expected to grow with 24.26% in the coming years.
PEG (NY)11.49
PEG (5Y)1.85
EPS Next 2Y24.26%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 4.37%, which is a nice return.
Compared to an average industry Dividend Yield of 3.20, MYE pays a better dividend. On top of this MYE pays more dividend than 86.36% of the companies listed in the same industry.
MYE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
5.2 History
The dividend of MYE has a limited annual growth rate of 0.29%.
MYE has been paying a dividend for at least 10 years, so it has a reliable track record.
MYE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.29%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 194.27% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MYE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP194.27%
EPS Next 2Y24.26%
EPS Next 3YN/A
12.06
-0.16 (-1.31%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners91.15%
Inst Owner Change2.04%
Ins Owners0.96%
Ins Owner Change6.25%
Market Cap449.84M
Analysts45
Price Target22.44 (86.07%)
Short Float %1.87%
Short Ratio1.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
Yearly Dividend0.55
Dividend Growth(5Y)0.29%
DP194.27%
Div Incr Years0
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)51.38%
Min EPS beat(2)14.64%
Max EPS beat(2)88.12%
EPS beat(4)3
Avg EPS beat(4)28.17%
Min EPS beat(4)-14.65%
Max EPS beat(4)88.12%
EPS beat(8)4
Avg EPS beat(8)9.2%
EPS beat(12)8
Avg EPS beat(12)10.79%
EPS beat(16)11
Avg EPS beat(16)11.11%
Revenue beat(2)0
Avg Revenue beat(2)-0.81%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)-0.61%
Revenue beat(4)0
Avg Revenue beat(4)-4.67%
Min Revenue beat(4)-9.56%
Max Revenue beat(4)-0.61%
Revenue beat(8)0
Avg Revenue beat(8)-6.73%
Revenue beat(12)2
Avg Revenue beat(12)-4.89%
Revenue beat(16)6
Avg Revenue beat(16)-1.69%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-5.71%
EPS NQ rev (3m)3.13%
EPS NY rev (1m)-11.86%
EPS NY rev (3m)-11.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.49%
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)-2.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.49 | ||
| Fwd PE | 7.51 | ||
| P/S | 0.54 | ||
| P/FCF | 10.62 | ||
| P/OCF | 6.5 | ||
| P/B | 1.62 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.11 |
EPS(TTM)1.05
EY8.71%
EPS(NY)1.61
Fwd EY13.32%
FCF(TTM)1.14
FCFY9.41%
OCF(TTM)1.85
OCFY15.37%
SpS22.41
BVpS7.44
TBVpS-3.77
PEG (NY)11.49
PEG (5Y)1.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.79% | ||
| ROCE | 10.31% | ||
| ROIC | 6.55% | ||
| ROICexc | 6.89% | ||
| ROICexgc | 17.64% | ||
| OM | 8.89% | ||
| PM (TTM) | 1.26% | ||
| GM | 32.99% | ||
| FCFM | 5.07% |
ROA(3y)6.99%
ROA(5y)7.42%
ROE(3y)14.27%
ROE(5y)15.65%
ROIC(3y)10.6%
ROIC(5y)10.33%
ROICexc(3y)11.33%
ROICexc(5y)11.13%
ROICexgc(3y)20.89%
ROICexgc(5y)20.9%
ROCE(3y)16.68%
ROCE(5y)16.25%
ROICexcg growth 3Y2.64%
ROICexcg growth 5Y-7.31%
ROICexc growth 3Y-10.99%
ROICexc growth 5Y-12.2%
OM growth 3Y9.38%
OM growth 5Y2.37%
PM growth 3Y-41.94%
PM growth 5Y-28.82%
GM growth 3Y5.11%
GM growth 5Y-0.51%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 9.25 | ||
| Debt/EBITDA | 3.25 | ||
| Cap/Depr | 67.04% | ||
| Cap/Sales | 3.21% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.49% | ||
| Profit Quality | 403.14% | ||
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 1.77 |
F-Score6
WACC9.09%
ROIC/WACC0.72
Cap/Depr(3y)92.7%
Cap/Depr(5y)85.55%
Cap/Sales(3y)2.81%
Cap/Sales(5y)2.68%
Profit Quality(3y)323.84%
Profit Quality(5y)228.43%
High Growth Momentum
Growth
EPS 1Y (TTM)-14.63%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4.76%
EPS Next Y1%
EPS Next 2Y24.26%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.91%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-0.17%
Revenue Next Year0.91%
Revenue Next 2Y1.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.74%
EBIT growth 3Y12.86%
EBIT growth 5Y12.77%
EBIT Next Year65.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-32.58%
FCF growth 3Y26.59%
FCF growth 5Y4.5%
OCF growth 1Y-24.11%
OCF growth 3Y20.86%
OCF growth 5Y7.86%