MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
19.48 USD
-0.27 (-1.37%)
19.48 USD
0 (0%)
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 an average financial health and profitability rating. MYE has a decent growth rate and is not valued too expensively.
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.
MYE had a positive operating cash flow in each of the past 5 years.
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's Return On Equity of 9.73% is in line compared to the rest of the industry. MYE outperforms 59.09% of its industry peers.
MYE's Return On Invested Capital of 7.06% is fine compared to the rest of the industry. MYE outperforms 63.64% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MYE 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
MYE has a Profit Margin of 3.38%. This is comparable to the rest of the industry: MYE outperforms 45.45% of its industry peers.
In the last couple of years the Profit Margin of MYE has declined.
MYE has a Operating Margin (9.31%) which is in line with its industry peers.
In the last couple of years the Operating Margin of MYE has grown nicely.
Looking at the Gross Margin, with a value of 33.39%, MYE belongs to the top of the industry, outperforming 86.36% 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 | 9.31% | ||
| 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.
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 2.11. 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.
The Altman-Z score of MYE (2.11) is better than 63.64% of its industry peers.
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.
MYE has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
MYE has a Debt to Equity ratio (1.18) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.42 | ||
| Altman-Z | 2.11 |
ROIC/WACC0.74
WACC9.5%
2.3 Liquidity
MYE has a Current Ratio of 1.67. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of MYE (1.67) is better than 72.73% of its industry peers.
A Quick Ratio of 1.09 indicates that MYE should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.09, MYE is doing good in the industry, outperforming 63.64% of the companies in the same industry.
| 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.
The Revenue has been growing slightly by 0.26% in the past year.
The Revenue has been growing by 10.15% on average over the past years. This is quite good.
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
MYE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.48% yearly.
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
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.88, MYE is valued on the expensive side.
MYE's Price/Earnings ratio is a bit more expensive when compared to the industry. MYE is more expensive than 63.64% of the companies in the same industry.
MYE is valuated rather cheaply when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.12, the valuation of MYE can be described as correct.
MYE's Price/Forward Earnings is on the same level as the industry average.
MYE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.88 | ||
| Fwd PE | 13.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MYE is on the same level as its industry peers.
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 | 10.7 | ||
| EV/EBITDA | 9.13 |
4.3 Compensation for Growth
MYE has a very decent profitability rating, which may justify a higher PE ratio.
MYE's earnings are expected to grow with 19.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)3.21
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 2.95%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.34, MYE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, MYE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
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
74.82% of the earnings are spent on dividend by MYE. This is not a sustainable payout ratio.
The dividend of MYE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP74.82%
EPS Next 2Y19.48%
EPS Next 3YN/A
19.48
-0.27 (-1.37%)
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 Cap728.75M
Revenue(TTM)825.64M
Net Income(TTM)27.89M
Analysts80
Price Target21.42 (9.96%)
Short Float %2.04%
Short Ratio3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
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 | 19.88 | ||
| Fwd PE | 13.12 | ||
| P/S | 0.88 | ||
| P/FCF | 10.7 | ||
| P/OCF | 7.97 | ||
| P/B | 2.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.13 |
EPS(TTM)0.98
EY5.03%
EPS(NY)1.48
Fwd EY7.62%
FCF(TTM)1.82
FCFY9.35%
OCF(TTM)2.45
OCFY12.55%
SpS22.07
BVpS7.66
TBVpS-3.32
PEG (NY)N/A
PEG (5Y)3.21
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 | 2.11 |
F-Score8
WACC9.5%
ROIC/WACC0.74
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 4 / 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.