MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
19.3 USD
+0.03 (+0.16%)
19.3 USD
0 (0%)
Overall MYE gets a fundamental rating of 5 out of 10. We evaluated MYE 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 has a correct valuation and a medium growth rate.
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.
In the past 5 years MYE has always been profitable.
Each year in the past 5 years MYE had a positive operating cash flow.
1.2 Ratios
MYE's Return On Assets of 3.23% is in line compared to the rest of the industry. MYE outperforms 59.09% of its industry peers.
MYE has a Return On Equity (9.73%) which is comparable to the rest of the industry.
MYE has a Return On Invested Capital of 7.06%. This is in the better half of the industry: MYE outperforms 63.64% of its industry peers.
MYE had an Average Return On Invested Capital over the past 3 years of 10.60%. This is above the industry average of 7.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 9.73% | ||
| ROIC | 7.06% |
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 3.38%, MYE perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
In the last couple of years the Profit Margin of MYE has declined.
The Operating Margin of MYE (9.31%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of MYE has grown nicely.
With an excellent Gross Margin value of 33.39%, MYE belongs to the best of the industry, outperforming 86.36% 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 | 9.31% | ||
| PM (TTM) | 3.38% | ||
| GM | 33.39% |
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.
The number of shares outstanding for MYE has been increased compared to 1 year ago.
MYE has more shares outstanding than it did 5 years ago.
MYE has a worse debt/assets ratio than last year.
2.2 Solvency
MYE has an Altman-Z score of 2.09. 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 2.09, MYE is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
The Debt to FCF ratio of MYE is 5.42, which is a neutral value as it means it would take MYE, 5.42 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MYE (5.42) is better than 95.45% of its industry peers.
A Debt/Equity ratio of 1.18 is on the high side and indicates that MYE has dependencies on debt financing.
MYE has a Debt to Equity ratio (1.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.42 | ||
| Altman-Z | 2.09 |
ROIC/WACC0.75
WACC9.47%
2.3 Liquidity
A Current Ratio of 1.67 indicates that MYE should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.67, MYE is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
MYE has a Quick Ratio of 1.09. 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 1.09. This is in the better half of the industry: MYE outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.04%.
MYE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.20% yearly.
MYE shows a small growth in Revenue. In the last year, the Revenue has grown by 0.26%.
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)-14.04%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4%
Revenue 1Y (TTM)0.26%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%0.18%
3.2 Future
The Earnings Per Share is expected to grow by 19.48% on average over the next years. This is quite good.
The Revenue is expected to decrease by -0.17% on average over the next years.
EPS Next Y-1.91%
EPS Next 2Y19.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.3%
Revenue Next 2Y-0.17%
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.
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 19.69 indicates a rather expensive valuation of MYE.
MYE's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of MYE to the average of the S&P500 Index (26.43), we can say MYE is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.00 indicates a correct valuation of MYE.
The rest of the industry has a similar Price/Forward Earnings ratio as MYE.
MYE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.66.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.69 | ||
| Fwd PE | 13 |
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 86.36% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.6 | ||
| EV/EBITDA | 8.99 |
4.3 Compensation for Growth
The decent profitability rating of MYE may justify a higher PE ratio.
A more expensive valuation may be justified as MYE's earnings are expected to grow with 19.48% in the coming years.
PEG (NY)N/A
PEG (5Y)3.18
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 2.73%.
MYE's Dividend Yield is a higher than the industry average which is at 2.52.
MYE's Dividend Yield is a higher than the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.29%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 74.82% of its income as dividend. This is not a sustainable payout ratio.
MYE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP74.82%
EPS Next 2Y19.48%
EPS Next 3YN/A
19.3
+0.03 (+0.16%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners90.89%
Inst Owner Change1.6%
Ins Owners1.14%
Ins Owner Change0.96%
Market Cap722.01M
Revenue(TTM)825.64M
Net Income(TTM)27.89M
Analysts80
Price Target21.42 (10.98%)
Short Float %1.73%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
Yearly Dividend0.55
Dividend Growth(5Y)0.29%
DP74.82%
Div Incr Years0
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.56%
Min EPS beat(2)-4.08%
Max EPS beat(2)2.97%
EPS beat(4)3
Avg EPS beat(4)25.41%
Min EPS beat(4)-4.08%
Max EPS beat(4)88.12%
EPS beat(8)5
Avg EPS beat(8)10.87%
EPS beat(12)7
Avg EPS beat(12)7.19%
EPS beat(16)11
Avg EPS beat(16)11.54%
Revenue beat(2)1
Avg Revenue beat(2)-1.81%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)2.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.31%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)2.31%
Revenue beat(8)1
Avg Revenue beat(8)-4.85%
Revenue beat(12)1
Avg Revenue beat(12)-5.74%
Revenue beat(16)5
Avg Revenue beat(16)-3.02%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.69 | ||
| Fwd PE | 13 | ||
| P/S | 0.87 | ||
| P/FCF | 10.6 | ||
| P/OCF | 7.89 | ||
| P/B | 2.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.99 |
EPS(TTM)0.98
EY5.08%
EPS(NY)1.48
Fwd EY7.69%
FCF(TTM)1.82
FCFY9.44%
OCF(TTM)2.45
OCFY12.67%
SpS22.07
BVpS7.66
TBVpS-3.32
PEG (NY)N/A
PEG (5Y)3.18
Graham Number13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 9.73% | ||
| ROCE | 11.1% | ||
| ROIC | 7.06% | ||
| ROICexc | 7.58% | ||
| ROICexgc | 20.92% | ||
| OM | 9.31% | ||
| PM (TTM) | 3.38% | ||
| GM | 33.39% | ||
| FCFM | 8.25% |
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%
ROICexgc growth 3Y2.64%
ROICexgc 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-Score8
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.42 | ||
| Debt/EBITDA | 2.92 | ||
| Cap/Depr | 59.55% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.82% | ||
| Profit Quality | 244.21% | ||
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 2.09 |
F-Score8
WACC9.47%
ROIC/WACC0.75
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)-14.04%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4%
EPS Next Y-1.91%
EPS Next 2Y19.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.26%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%0.18%
Revenue Next Year-1.3%
Revenue Next 2Y-0.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.14%
EBIT growth 3Y12.86%
EBIT growth 5Y12.77%
EBIT Next Year51.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.18%
FCF growth 3Y26.59%
FCF growth 5Y4.5%
OCF growth 1Y-1.23%
OCF growth 3Y20.86%
OCF growth 5Y7.86%
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 5 / 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.