MYERS INDUSTRIES INC (MYE)

US6284641098 - Common Stock

19.6  +0.42 (+2.19%)

After market: 19.6 0 (0%)

Fundamental Rating

6

Taking everything into account, MYE scores 6 out of 10 in our fundamental rating. MYE was compared to 23 industry peers in the Containers & Packaging industry. MYE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MYE has a valuation in line with the averages, but it does not seem to be growing.



8

1. Profitability

1.1 Basic Checks

In the past year MYE was profitable.
In the past year MYE had a positive cash flow from operations.
Of the past 5 years MYE 4 years were profitable.
In the past 5 years MYE always reported a positive cash flow from operatings.

1.2 Ratios

MYE has a better Return On Assets (9.36%) than 95.65% of its industry peers.
MYE has a Return On Equity (17.61%) which is comparable to the rest of the industry.
MYE has a better Return On Invested Capital (15.15%) than 100.00% of its industry peers.
MYE had an Average Return On Invested Capital over the past 3 years of 13.14%. This is significantly above the industry average of 8.13%.
The 3 year average ROIC (13.14%) for MYE is below the current ROIC(15.15%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.36%
ROE 17.61%
ROIC 15.15%
ROA(3y)9.08%
ROA(5y)6.63%
ROE(3y)19.66%
ROE(5y)14.29%
ROIC(3y)13.14%
ROIC(5y)10.48%

1.3 Margins

Looking at the Profit Margin, with a value of 5.95%, MYE is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
MYE's Profit Margin has improved in the last couple of years.
The Operating Margin of MYE (8.80%) is worse than 60.87% of its industry peers.
In the last couple of years the Operating Margin of MYE has grown nicely.
MYE's Gross Margin of 32.25% is amongst the best of the industry. MYE outperforms 91.30% of its industry peers.
MYE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.8%
PM (TTM) 5.95%
GM 32.25%
OM growth 3Y7.41%
OM growth 5Y11.74%
PM growth 3Y12.47%
PM growth 5YN/A
GM growth 3Y-1.67%
GM growth 5Y0.95%

8

2. Health

2.1 Basic Checks

MYE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, MYE has more shares outstanding
Compared to 5 years ago, MYE has more shares outstanding
The debt/assets ratio for MYE has been reduced compared to a year ago.

2.2 Solvency

MYE has an Altman-Z score of 3.81. This indicates that MYE is financially healthy and has little risk of bankruptcy at the moment.
MYE has a better Altman-Z score (3.81) than 86.96% of its industry peers.
MYE has a debt to FCF ratio of 1.04. This is a very positive value and a sign of high solvency as it would only need 1.04 years to pay back of all of its debts.
MYE's Debt to FCF ratio of 1.04 is amongst the best of the industry. MYE outperforms 100.00% of its industry peers.
MYE has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.15, MYE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.04
Altman-Z 3.81
ROIC/WACC1.83
WACC8.28%

2.3 Liquidity

MYE has a Current Ratio of 1.51. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE's Current ratio of 1.51 is in line compared to the rest of the industry. MYE outperforms 56.52% of its industry peers.
A Quick Ratio of 0.92 indicates that MYE may have some problems paying its short term obligations.
MYE has a Quick ratio (0.92) which is in line with its industry peers.
The current and quick ratio evaluation for MYE is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 0.92

3

3. Growth

3.1 Past

MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.06%.
The Earnings Per Share has been growing by 27.43% on average over the past years. This is a very strong growth
Looking at the last year, MYE shows a decrease in Revenue. The Revenue has decreased by -5.82% in the last year.
The Revenue has been growing by 10.46% on average over the past years. This is quite good.
EPS 1Y (TTM)-10.06%
EPS 3Y29.7%
EPS 5Y27.43%
EPS growth Q2Q-7.32%
Revenue 1Y (TTM)-5.82%
Revenue growth 3Y20.37%
Revenue growth 5Y10.46%
Revenue growth Q2Q-13.28%

3.2 Future

Based on estimates for the next years, MYE will show a decrease in Earnings Per Share. The EPS will decrease by -2.43% on average per year.
The Revenue is expected to grow by 0.17% on average over the next years.
EPS Next Y-17.94%
EPS Next 2Y-9.58%
EPS Next 3Y-2.43%
EPS Next 5YN/A
Revenue Next Year-9.82%
Revenue Next 2Y-2.05%
Revenue Next 3Y0.17%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.71, MYE is valued correctly.
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 (26.35), we can say MYE is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 14.27, the valuation of MYE can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MYE is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.63, MYE is valued a bit cheaper.
Industry RankSector Rank
PE 13.71
Fwd PE 14.27

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MYE is valued a bit cheaper than the industry average as 65.22% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MYE is valued a bit cheaper than the industry average as 78.26% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.83
EV/EBITDA 7.85

4.3 Compensation for Growth

The excellent profitability rating of MYE may justify a higher PE ratio.
A cheap valuation may be justified as MYE's earnings are expected to decrease with -2.43% in the coming years.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y-9.58%
EPS Next 3Y-2.43%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.76%, MYE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.99, MYE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.46, MYE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.76%

5.2 History

The dividend of MYE has a limited annual growth rate of 0.14%.
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)0.14%
Div Incr Years0
Div Non Decr Years15

5.3 Sustainability

MYE pays out 40.64% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP40.64%
EPS Next 2Y-9.58%
EPS Next 3Y-2.43%

MYERS INDUSTRIES INC

NYSE:MYE (2/23/2024, 7:04:00 PM)

After market: 19.6 0 (0%)

19.6

+0.42 (+2.19%)

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 Cap722.06M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.76%
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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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 RankSector Rank
PE 13.71
Fwd PE 14.27
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)0.5
Profitability
Industry RankSector Rank
ROA 9.36%
ROE 17.61%
ROCE
ROIC
ROICexc
ROICexgc
OM 8.8%
PM (TTM) 5.95%
GM 32.25%
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 Turnover1.57
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.51
Quick Ratio 0.92
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)
Growth
EPS 1Y (TTM)-10.06%
EPS 3Y29.7%
EPS 5Y
EPS growth Q2Q
EPS Next Y-17.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.82%
Revenue growth 3Y20.37%
Revenue growth 5Y
Revenue growth 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