MYERS INDUSTRIES INC (MYE)
US6284641098 - Common Stock
We assign a fundamental rating of 5 out of 10 to MYE. MYE was compared to 22 industry peers in the Containers & Packaging industry. MYE has only an average score on both its financial health and profitability. MYE has a correct valuation and a medium growth rate. MYE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MYE had positive earnings in the past year.
In the past year MYE had a positive cash flow from operations.
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 Return On Assets of 4.15%. This is in the better half of the industry: MYE outperforms 68.18% of its industry peers.
With a Return On Equity value of 13.49%, MYE perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
MYE's Return On Invested Capital of 6.31% is in line compared to the rest of the industry. MYE outperforms 45.45% of its industry peers.
MYE had an Average Return On Invested Capital over the past 3 years of 13.63%. This is significantly above the industry average of 7.81%.
The 3 year average ROIC (13.63%) for MYE is well above the current ROIC(6.31%). The reason for the recent decline needs to be investigated.
| 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
With a Profit Margin value of 4.89%, MYE perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
MYE's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 8.15%, MYE is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
MYE's Operating Margin has improved in the last couple of years.
The Gross Margin of MYE (31.56%) is better than 90.91% of its industry peers.
MYE's Gross Margin has been stable in the last couple of years.
| 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
MYE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
MYE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MYE has more shares outstanding
MYE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that MYE is in the distress zone and has some risk of bankruptcy.
MYE has a worse Altman-Z score (1.67) than 63.64% of its industry peers.
The Debt to FCF ratio of MYE is 6.70, which is on the high side as it means it would take MYE, 6.70 years of fcf income to pay off all of its debts.
MYE has a Debt to FCF ratio of 6.70. This is in the better half of the industry: MYE outperforms 77.27% of its industry peers.
MYE has a Debt/Equity ratio of 1.34. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MYE (1.34) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 6.7 | ||
| Altman-Z | 1.67 |
ROIC/WACC0.75
WACC8.42%
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 has a better Current ratio (1.75) than 77.27% of its industry peers.
MYE has a Quick Ratio of 1.10. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.10, MYE is doing good in the industry, outperforming 68.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The earnings per share for MYE have decreased strongly by -21.15% in the last year.
MYE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.12% yearly.
Looking at the last year, MYE shows a decrease in Revenue. The Revenue has decreased by -9.59% in the last 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 Q2Q%-44.74%
Revenue 1Y (TTM)-9.59%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Sales Q2Q%-4%
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 7.82% on average over the next years.
EPS Next Y-7.66%
EPS Next 2Y10.74%
EPS Next 3Y11.86%
EPS Next 5YN/A
Revenue Next Year12.56%
Revenue Next 2Y10.04%
Revenue Next 3Y7.82%
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
A Price/Earnings ratio of 11.98 indicates a reasonable valuation of MYE.
77.27% of the companies in the same industry are more expensive than MYE, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 24.41, MYE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.58, the valuation of MYE can be described as reasonable.
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 (20.59), we can say MYE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 8.58 |
4.2 Price Multiples
MYE's Enterprise Value to EBITDA is on the same level as the industry average.
MYE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MYE is cheaper than 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.95 | ||
| EV/EBITDA | 10.09 |
4.3 Compensation for Growth
The decent profitability rating of MYE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.99
EPS Next 2Y10.74%
EPS Next 3Y11.86%
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 3.70%.
In the last 3 months the price of MYE has falen by -33.17%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
MYE's Dividend Yield is rather good when compared to the industry average which is at 2.91. MYE pays more dividend than 81.82% of the companies in the same industry.
MYE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.36%
Div Incr Years0
Div Non Decr Years33
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 (7/26/2024, 7:04:00 PM)
After market: 15.1 +0.37 (+2.51%)14.73
+0.11 (+0.75%)
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 Cap547.66M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 | 11.98 | ||
| Fwd PE | 8.58 | ||
| 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)0.99
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)
High Growth Momentum
Growth
EPS 1Y (TTM)-21.15%
EPS 3Y17.64%
EPS 5Y
EPS Q2Q%
EPS Next Y-7.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-9.59%
Revenue growth 3Y16.79%
Revenue growth 5Y
Sales 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