Why NYSE:MYE Stands Out as a Quality Stock.

In this article we will dive into MYERS INDUSTRIES INC (NYSE:MYE) as a possible candidate for quality investing. Investors should always do their own research, but we noticed MYERS INDUSTRIES INC showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Looking into the quality metrics of MYERS INDUSTRIES INC

• Over the past 5 years, MYERS INDUSTRIES INC has experienced impressive revenue growth, with 7.49% increase. This demonstrates the company's ability to effectively expand its top line and suggests a positive outlook for future revenue generation.
• MYERS INDUSTRIES INC exhibits a strong ROIC excluding cash and goodwill, indicating efficient capital utilization and profitable operations. The 27.32% reflects the company's ability to generate returns on invested capital and underscores its commitment to delivering value to shareholders.
• With a favorable Debt/Free Cash Flow Ratio of 1.06, MYERS INDUSTRIES INC showcases its sound financial discipline and cash flow management. This ratio indicates the company's ability to service its debt obligations while maintaining sufficient free cash flow for future investments or operational needs.
• The Profit Quality (5-year) of MYERS INDUSTRIES INC stands at 112.0%, highlighting its ability to consistently generate reliable profits. This metric underscores the company's strong business fundamentals and reinforces its position as a financially stable entity.
• MYERS INDUSTRIES INC has demonstrated consistent growth in EBIT over the past 5 years, with a strong 60.88%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
• MYERS INDUSTRIES INC has achieved superior EBIT 5-year growth compared to its Revenue 5-year growth. This demonstrates the company's ability to maximize its profitability through effective cost management and operational strategies.

What is the full fundamental picture of NYSE:MYE telling us.

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

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 gets an excellent profitability rating and is at the same time showing great financial health properties. MYE has a correct valuation and a medium growth rate.

Our latest full fundamental report of MYE contains the most current fundamental analsysis.

More quality stocks can be found in our Caviar Cruise screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.