MYERS INDUSTRIES INC (MYE)
US6284641098 - Common Stock
Taking everything into account, MYE scores 5 out of 10 in our fundamental rating. MYE was compared to 23 industry peers in the Containers & Packaging industry. While MYE has a great profitability rating, there are some minor concerns on its financial health. MYE is valued quite cheap, but it does not seem to be growing. Finally 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.
In the past 5 years MYE has always been profitable.
MYE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MYE has a Return On Assets of 4.10%. This is in the better half of the industry: MYE outperforms 63.64% of its industry peers.
Looking at the Return On Equity, with a value of 13.25%, MYE is in line with its industry, outperforming 50.00% of the companies in the same industry.
MYE has a Return On Invested Capital (7.43%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MYE is significantly above the industry average of 7.89%.
The 3 year average ROIC (13.63%) for MYE is well above the current ROIC(7.43%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 13.25% | ||
| ROIC | 7.43% |
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 4.78%, MYE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
MYE's Profit Margin has declined in the last couple of years.
MYE has a Operating Margin (9.49%) which is comparable to the rest of the industry.
MYE's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 31.97%, MYE belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
MYE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.49% | ||
| PM (TTM) | 4.78% | ||
| GM | 31.97% |
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.
Compared to 1 year ago, MYE has more shares outstanding
The number of shares outstanding for MYE has been increased compared to 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 40.91% of the companies in the same industry.
The Debt to FCF ratio of MYE is 7.52, which is on the high side as it means it would take MYE, 7.52 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MYE (7.52) is better than 72.73% of its industry peers.
MYE has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
MYE's Debt to Equity ratio of 1.32 is in line compared to the rest of the industry. MYE outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.52 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.94
WACC7.93%
2.3 Liquidity
MYE has a Current Ratio of 1.81. 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 Current ratio value of 1.81, MYE is doing good in the industry, outperforming 72.73% of the companies in the same industry.
MYE has a Quick Ratio of 1.16. 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 Quick ratio (1.16) than 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.01%.
The Earnings Per Share has been growing by 12.12% on average over the past years. This is quite good.
Looking at the last year, MYE shows a decrease in Revenue. The Revenue has decreased by -5.65% in the last year.
Measured over the past years, MYE shows a small growth in Revenue. The Revenue has been growing by 7.49% on average per year.
EPS 1Y (TTM)-13.01%
EPS 3Y17.64%
EPS 5Y12.12%
EPS Q2Q%11.43%
Revenue 1Y (TTM)-5.65%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Sales Q2Q%5.65%
3.2 Future
The Earnings Per Share is expected to grow by 8.08% on average over the next years. This is quite good.
Based on estimates for the next years, MYE will show a small growth in Revenue. The Revenue will grow by 5.71% on average per year.
EPS Next Y-17.76%
EPS Next 2Y4.03%
EPS Next 3Y8.08%
EPS Next 5YN/A
Revenue Next Year6.01%
Revenue Next 2Y6.82%
Revenue Next 3Y5.71%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
Based on the Price/Earnings ratio of 11.04, the valuation of MYE can be described as reasonable.
Based on the Price/Earnings ratio, MYE is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 29.65, MYE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.25, the valuation of MYE can be described as reasonable.
Based on the Price/Forward Earnings ratio, MYE is valued cheaper than 81.82% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MYE to the average of the S&P500 Index (21.38), we can say MYE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.04 | ||
| Fwd PE | 9.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MYE is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MYE is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | 8.31 |
4.3 Compensation for Growth
MYE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.91
EPS Next 2Y4.03%
EPS Next 3Y8.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.75%, MYE has a reasonable but not impressive dividend return.
MYE's Dividend Yield is a higher than the industry average which is at 2.92.
MYE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.75% |
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 Years33
5.3 Sustainability
52.04% of the earnings are spent on dividend by MYE. 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.
DP52.04%
EPS Next 2Y4.03%
EPS Next 3Y8.08%
MYERS INDUSTRIES INC
NYSE:MYE (9/6/2024, 8:04:00 PM)
After market: 14.02 0 (0%)14.02
-0.39 (-2.71%)
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 Cap521.82M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.75% |
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 11.04 | ||
| Fwd PE | 9.25 | ||
| 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)0.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 13.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.49% | ||
| PM (TTM) | 4.78% | ||
| GM | 31.97% | ||
| 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 Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.16 | ||
| 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)-13.01%
EPS 3Y17.64%
EPS 5Y
EPS Q2Q%
EPS Next Y-17.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.65%
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