MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
NYSE:MYE - US6284641098 - Common Stock
16.74 USD
-0.06 (-0.36%)
16.74 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MYE. MYE was compared to 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
In the past year MYE was profitable.
In the past year MYE had a positive cash flow from operations.
MYE had positive earnings in each of the past 5 years.
In the past 5 years MYE always reported a positive cash flow from operatings.
1.2 Ratios
MYE has a Return On Assets of 1.15%. This is comparable to the rest of the industry: MYE outperforms 40.91% of its industry peers.
MYE's Return On Equity of 3.49% is in line compared to the rest of the industry. MYE outperforms 40.91% of its industry peers.
MYE has a Return On Invested Capital (6.66%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MYE is above the industry average of 7.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.15% | ||
| ROE | 3.49% | ||
| ROIC | 6.66% |
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 1.20%, MYE perfoms like the industry average, outperforming 40.91% 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 8.97%, MYE perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
MYE's Operating Margin has improved in the last couple of years.
MYE's Gross Margin of 32.86% 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 | 8.97% | ||
| PM (TTM) | 1.2% | ||
| GM | 32.86% |
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.
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.
Compared to 1 year ago, MYE has a worse debt to assets ratio.
2.2 Solvency
MYE has an Altman-Z score of 1.99. 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 1.99, MYE is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
MYE has a debt to FCF ratio of 6.64. This is a slightly negative value and a sign of low solvency as MYE would need 6.64 years to pay back of all of its debts.
MYE's Debt to FCF ratio of 6.64 is amongst the best of the industry. MYE outperforms 81.82% of its industry peers.
MYE has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.24, MYE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 6.64 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.75
WACC8.88%
2.3 Liquidity
A Current Ratio of 1.77 indicates that MYE should not have too much problems paying its short term obligations.
The Current ratio of MYE (1.77) is better than 86.36% of its industry peers.
MYE has a Quick Ratio of 1.12. 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 1.12. This is in the better half of the industry: MYE outperforms 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for MYE have decreased strongly by -23.62% in the last year.
MYE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.20% yearly.
The Revenue has been growing slightly by 1.11% in the past year.
MYE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.15% yearly.
EPS 1Y (TTM)-23.62%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%-20.51%
Revenue 1Y (TTM)1.11%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-4.84%
3.2 Future
The Earnings Per Share is expected to grow by 21.90% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 0.40% on average over the next years.
EPS Next Y1.97%
EPS Next 2Y21.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.11%
Revenue Next 2Y0.4%
Revenue Next 3YN/A
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 accelerating.
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
MYE is valuated rather expensively with a Price/Earnings ratio of 17.26.
Based on the Price/Earnings ratio, MYE is valued a bit cheaper than 63.64% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.13. MYE is valued slightly cheaper when compared to this.
MYE is valuated reasonably with a Price/Forward Earnings ratio of 10.83.
MYE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MYE is cheaper than 72.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.76. MYE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.26 | ||
| Fwd PE | 10.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MYE is valued a bit cheaper than 63.64% of the companies in the same industry.
86.36% of the companies in the same industry are more expensive than MYE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.96 | ||
| EV/EBITDA | 8.45 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MYE does not grow enough to justify the current Price/Earnings ratio.
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 21.90% in the coming years.
PEG (NY)8.76
PEG (5Y)2.79
EPS Next 2Y21.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.21%, MYE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.16, MYE pays a bit more dividend than its industry peers.
MYE's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
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
205.94% of the earnings are spent on dividend by MYE. This is not a sustainable payout ratio.
MYE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP205.94%
EPS Next 2Y21.9%
EPS Next 3YN/A
16.74
-0.06 (-0.36%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners90.63%
Inst Owner Change-1.22%
Ins Owners1.1%
Ins Owner Change4.57%
Market Cap626.24M
Analysts80
Price Target21.42 (27.96%)
Short Float %0.92%
Short Ratio1.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend0.55
Dividend Growth(5Y)0.29%
DP205.94%
Div Incr Years0
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.28%
Min EPS beat(2)-4.08%
Max EPS beat(2)14.64%
EPS beat(4)2
Avg EPS beat(4)21.01%
Min EPS beat(4)-14.65%
Max EPS beat(4)88.12%
EPS beat(8)4
Avg EPS beat(8)8.81%
EPS beat(12)7
Avg EPS beat(12)9.01%
EPS beat(16)10
Avg EPS beat(16)10.58%
Revenue beat(2)0
Avg Revenue beat(2)-3.48%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-1.01%
Revenue beat(4)0
Avg Revenue beat(4)-3.77%
Min Revenue beat(4)-7.5%
Max Revenue beat(4)-0.61%
Revenue beat(8)0
Avg Revenue beat(8)-6.55%
Revenue beat(12)1
Avg Revenue beat(12)-5.9%
Revenue beat(16)5
Avg Revenue beat(16)-3.13%
PT rev (1m)0%
PT rev (3m)-4.55%
EPS NQ rev (1m)16.67%
EPS NQ rev (3m)-9.68%
EPS NY rev (1m)2.94%
EPS NY rev (3m)0.96%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-3.42%
Revenue NY rev (1m)-1.35%
Revenue NY rev (3m)-2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.26 | ||
| Fwd PE | 10.83 | ||
| P/S | 0.76 | ||
| P/FCF | 10.96 | ||
| P/OCF | 7.53 | ||
| P/B | 2.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.45 |
EPS(TTM)0.97
EY5.79%
EPS(NY)1.55
Fwd EY9.23%
FCF(TTM)1.53
FCFY9.12%
OCF(TTM)2.22
OCFY13.27%
SpS22.06
BVpS7.61
TBVpS-3.48
PEG (NY)8.76
PEG (5Y)2.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.15% | ||
| ROE | 3.49% | ||
| ROCE | 10.47% | ||
| ROIC | 6.66% | ||
| ROICexc | 7.07% | ||
| ROICexgc | 18.76% | ||
| OM | 8.97% | ||
| PM (TTM) | 1.2% | ||
| GM | 32.86% | ||
| FCFM | 6.92% |
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 Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 6.64 | ||
| Debt/EBITDA | 3.1 | ||
| Cap/Depr | 65.01% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 72.88% | ||
| Profit Quality | 575.24% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 1.99 |
F-Score6
WACC8.88%
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)-23.62%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%-20.51%
EPS Next Y1.97%
EPS Next 2Y21.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.11%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-4.84%
Revenue Next Year-1.11%
Revenue Next 2Y0.4%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-4.4%
EBIT growth 3Y12.86%
EBIT growth 5Y12.77%
EBIT Next Year54.22%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2.18%
FCF growth 3Y26.59%
FCF growth 5Y4.5%
OCF growth 1Y-4.42%
OCF growth 3Y20.86%
OCF growth 5Y7.86%