MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - NYSE:MLR - US6005512040 - Common Stock
36.69 USD
+0.25 (+0.69%)
36.69 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MLR. MLR was compared to 130 industry peers in the Machinery industry. While MLR has a great health rating, its profitability is only average at the moment. MLR is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MLR had positive earnings in the past year.
MLR had a positive operating cash flow in the past year.
Each year in the past 5 years MLR has been profitable.
MLR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.83%, MLR is doing good in the industry, outperforming 70.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.15%, MLR is in line with its industry, outperforming 58.46% of the companies in the same industry.
MLR's Return On Invested Capital of 9.30% is fine compared to the rest of the industry. MLR outperforms 67.69% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MLR is in line with the industry average of 10.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 10.15% | ||
| ROIC | 9.3% |
ROA(3y)7.49%
ROA(5y)6.73%
ROE(3y)13.1%
ROE(5y)11.11%
ROIC(3y)12.06%
ROIC(5y)10.65%
1.3 Margins
The Profit Margin of MLR (4.36%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MLR has remained more or less at the same level.
MLR has a Operating Margin of 5.74%. This is in the lower half of the industry: MLR underperforms 60.00% of its industry peers.
In the last couple of years the Operating Margin of MLR has remained more or less at the same level.
The Gross Margin of MLR (14.76%) is worse than 81.54% of its industry peers.
MLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.74% | ||
| PM (TTM) | 4.36% | ||
| GM | 14.76% |
OM growth 3Y26.64%
OM growth 5Y0.54%
PM growth 3Y30.16%
PM growth 5Y0.95%
GM growth 3Y11.72%
GM growth 5Y2.86%
2. Health
2.1 Basic Checks
MLR 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, MLR has about the same amount of shares outstanding.
The number of shares outstanding for MLR has been reduced compared to 5 years ago.
Compared to 1 year ago, MLR has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.34 indicates that MLR is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.34, MLR is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
The Debt to FCF ratio of MLR is 1.59, which is an excellent value as it means it would take MLR, only 1.59 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MLR (1.59) is better than 83.85% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that MLR is not too dependend on debt financing.
MLR has a better Debt to Equity ratio (0.13) than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.34 |
ROIC/WACC0.89
WACC10.44%
2.3 Liquidity
MLR has a Current Ratio of 3.32. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR's Current ratio of 3.32 is amongst the best of the industry. MLR outperforms 83.85% of its industry peers.
A Quick Ratio of 2.19 indicates that MLR has no problem at all paying its short term obligations.
MLR has a better Quick ratio (2.19) than 78.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
The earnings per share for MLR have decreased strongly by -56.88% in the last year.
The Earnings Per Share has been growing by 8.89% on average over the past years. This is quite good.
The Revenue has grown by 9.03% in the past year. This is quite good.
The Revenue has been growing by 8.98% on average over the past years. This is quite good.
EPS 1Y (TTM)-56.88%
EPS 3Y54.63%
EPS 5Y8.89%
EPS Q2Q%-79.7%
Revenue 1Y (TTM)9.03%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
3.2 Future
Based on estimates for the next years, MLR will show a small growth in Earnings Per Share. The EPS will grow by 1.00% on average per year.
The Revenue is expected to decrease by -7.41% on average over the next years.
EPS Next Y-68.54%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue Next Year-40.89%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
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.
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
The Price/Earnings ratio is 14.11, which indicates a correct valuation of MLR.
MLR's Price/Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 82.31% of the companies in the same industry.
When comparing the Price/Earnings ratio of MLR to the average of the S&P500 Index (25.07), we can say MLR is valued slightly cheaper.
MLR is valuated reasonably with a Price/Forward Earnings ratio of 9.82.
Based on the Price/Forward Earnings ratio, MLR is valued cheaper than 92.31% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MLR to the average of the S&P500 Index (34.08), we can say MLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.11 | ||
| Fwd PE | 9.82 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 93.08% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MLR is valued cheaply inside the industry as 85.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.12 | ||
| EV/EBITDA | 6.26 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.59
EPS Next 2Y-17.5%
EPS Next 3Y1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.10%, MLR has a reasonable but not impressive dividend return.
MLR's Dividend Yield is rather good when compared to the industry average which is at 1.87. MLR pays more dividend than 83.85% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, MLR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
5.2 History
The dividend of MLR has a limited annual growth rate of 1.94%.
MLR has paid a dividend for at least 10 years, which is a reliable track record.
MLR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.94%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
MLR pays out 21.00% of its income as dividend. This is a sustainable payout ratio.
The dividend of MLR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP21%
EPS Next 2Y-17.5%
EPS Next 3Y1%
36.69
+0.25 (+0.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners99.09%
Inst Owner Change0.74%
Ins Owners3.74%
Ins Owner Change4.03%
Market Cap420.47M
Revenue(TTM)1.26B
Net Income(TTM)42.53M
Analysts80
Price Target58.14 (58.46%)
Short Float %5.13%
Short Ratio6.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
Yearly Dividend0.79
Dividend Growth(5Y)1.94%
DP21%
Div Incr Years1
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.48%
Min EPS beat(2)9.31%
Max EPS beat(2)15.64%
EPS beat(4)2
Avg EPS beat(4)0%
Min EPS beat(4)-23.97%
Max EPS beat(4)15.64%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.1%
Min Revenue beat(2)-9.8%
Max Revenue beat(2)-0.41%
Revenue beat(4)1
Avg Revenue beat(4)-7.5%
Min Revenue beat(4)-24.32%
Max Revenue beat(4)4.54%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-14.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-76.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-42.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-23.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-22.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.11 | ||
| Fwd PE | 9.82 | ||
| P/S | 0.43 | ||
| P/FCF | 12.12 | ||
| P/OCF | 8.63 | ||
| P/B | 1 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 6.26 |
EPS(TTM)2.6
EY7.09%
EPS(NY)3.74
Fwd EY10.19%
FCF(TTM)3.03
FCFY8.25%
OCF(TTM)4.25
OCFY11.58%
SpS85.15
BVpS36.56
TBVpS34.82
PEG (NY)N/A
PEG (5Y)1.59
Graham Number46.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 10.15% | ||
| ROCE | 11.74% | ||
| ROIC | 9.3% | ||
| ROICexc | 9.97% | ||
| ROICexgc | 10.44% | ||
| OM | 5.74% | ||
| PM (TTM) | 4.36% | ||
| GM | 14.76% | ||
| FCFM | 3.56% |
ROA(3y)7.49%
ROA(5y)6.73%
ROE(3y)13.1%
ROE(5y)11.11%
ROIC(3y)12.06%
ROIC(5y)10.65%
ROICexc(3y)13.01%
ROICexc(5y)12.05%
ROICexgc(3y)13.65%
ROICexgc(5y)12.65%
ROCE(3y)15.22%
ROCE(5y)13.44%
ROICexgc growth 3Y23.49%
ROICexgc growth 5Y-3.08%
ROICexc growth 3Y23.67%
ROICexc growth 5Y-3.02%
OM growth 3Y26.64%
OM growth 5Y0.54%
PM growth 3Y30.16%
PM growth 5Y0.95%
GM growth 3Y11.72%
GM growth 5Y2.86%
F-Score7
Asset Turnover1.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 0.78 | ||
| Cap/Depr | 97.22% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 6.03 | ||
| Cash Conversion | 69.18% | ||
| Profit Quality | 81.59% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 4.34 |
F-Score7
WACC10.44%
ROIC/WACC0.89
Cap/Depr(3y)148.51%
Cap/Depr(5y)142.14%
Cap/Sales(3y)1.88%
Cap/Sales(5y)1.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-56.88%
EPS 3Y54.63%
EPS 5Y8.89%
EPS Q2Q%-79.7%
EPS Next Y-68.54%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue 1Y (TTM)9.03%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
Revenue Next Year-40.89%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
Revenue Next 5YN/A
EBIT growth 1Y-42.01%
EBIT growth 3Y52.68%
EBIT growth 5Y9.57%
EBIT Next Year-53.78%
EBIT Next 3Y2.98%
EBIT Next 5YN/A
FCF growth 1Y491.14%
FCF growth 3Y-31.12%
FCF growth 5Y-35.37%
OCF growth 1Y162.16%
OCF growth 3Y3.64%
OCF growth 5Y-13.51%
MILLER INDUSTRIES INC/TENN / MLR FAQ
Can you provide the ChartMill fundamental rating for MILLER INDUSTRIES INC/TENN?
ChartMill assigns a fundamental rating of 6 / 10 to MLR.
What is the valuation status of MILLER INDUSTRIES INC/TENN (MLR) stock?
ChartMill assigns a valuation rating of 6 / 10 to MILLER INDUSTRIES INC/TENN (MLR). This can be considered as Fairly Valued.
Can you provide the profitability details for MILLER INDUSTRIES INC/TENN?
MILLER INDUSTRIES INC/TENN (MLR) has a profitability rating of 5 / 10.
What is the valuation of MILLER INDUSTRIES INC/TENN based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MILLER INDUSTRIES INC/TENN (MLR) is 14.11 and the Price/Book (PB) ratio is 1.
How financially healthy is MILLER INDUSTRIES INC/TENN?
The financial health rating of MILLER INDUSTRIES INC/TENN (MLR) is 8 / 10.