MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
39.07 USD
+0.83 (+2.17%)
39.07 USD
0 (0%)
Taking everything into account, MLR scores 5 out of 10 in our fundamental rating. MLR was compared to 130 industry peers in the Machinery industry. MLR has an excellent financial health rating, but there are some minor concerns on its profitability. 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.
MLR had positive earnings in each of the past 5 years.
MLR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of MLR (5.06%) is comparable to the rest of the industry.
MLR has a Return On Equity of 7.28%. This is comparable to the rest of the industry: MLR outperforms 49.23% of its industry peers.
MLR's Return On Invested Capital of 6.90% is in line compared to the rest of the industry. MLR outperforms 52.31% 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 10.46%.
The 3 year average ROIC (12.05%) for MLR is well above the current ROIC(6.90%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.06% | ||
| ROE | 7.28% | ||
| ROIC | 6.9% |
ROA(3y)7.52%
ROA(5y)6.76%
ROE(3y)13.17%
ROE(5y)11.16%
ROIC(3y)12.05%
ROIC(5y)10.64%
1.3 Margins
MLR has a Profit Margin (3.64%) which is in line with its industry peers.
MLR's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 4.86%, MLR is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
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 (15.15%) is worse than 80.77% of its industry peers.
In the last couple of years the Gross Margin of MLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.86% | ||
| PM (TTM) | 3.64% | ||
| GM | 15.15% |
OM growth 3Y26.88%
OM growth 5Y0.66%
PM growth 3Y30.5%
PM growth 5Y1.11%
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.
The number of shares outstanding for MLR remains at a similar level compared to 1 year ago.
Compared to 5 years ago, MLR has more shares outstanding
Compared to 1 year ago, MLR has a worse debt to assets ratio.
2.2 Solvency
MLR has an Altman-Z score of 4.32. This indicates that MLR is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.32, MLR is in the better half of the industry, outperforming 69.23% 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.
MLR has a better Debt to FCF ratio (1.59) than 83.08% of its industry peers.
MLR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.11, MLR is in the better half of the industry, outperforming 77.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.32 |
ROIC/WACC0.66
WACC10.43%
2.3 Liquidity
A Current Ratio of 3.46 indicates that MLR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.46, MLR belongs to the top of the industry, outperforming 83.08% of the companies in the same industry.
MLR has a Quick Ratio of 2.13. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR has a Quick ratio of 2.13. This is in the better half of the industry: MLR outperforms 77.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.46 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
MLR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.88%.
Measured over the past years, MLR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.79% on average per year.
Looking at the last year, MLR shows a very negative growth in Revenue. The Revenue has decreased by -36.91% in the last year.
MLR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.98% yearly.
EPS 1Y (TTM)-56.88%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-79.7%
Revenue 1Y (TTM)-36.91%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
3.2 Future
MLR is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.12% yearly.
Based on estimates for the next years, MLR will show a decrease in Revenue. The Revenue will decrease by -7.67% on average per year.
EPS Next Y-67.58%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
EPS Next 5YN/A
Revenue Next Year-40.97%
Revenue Next 2Y-14.43%
Revenue Next 3Y-7.67%
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 decreasing.
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
Based on the Price/Earnings ratio of 15.03, the valuation of MLR can be described as correct.
Based on the Price/Earnings ratio, MLR is valued cheaply inside the industry as 86.92% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.76. MLR is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.79, MLR is valued correctly.
81.54% of the companies in the same industry are more expensive than MLR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MLR to the average of the S&P500 Index (23.96), we can say MLR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 14.79 |
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 90.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MLR is valued cheaply inside the industry as 80.77% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.8 | ||
| EV/EBITDA | 8.11 |
4.3 Compensation for Growth
MLR's earnings are expected to decrease with -23.12% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.53
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 2.11%.
Compared to an average industry Dividend Yield of 1.84, MLR pays a better dividend. On top of this MLR pays more dividend than 83.85% of the companies listed in the same industry.
MLR's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
5.2 History
The dividend of MLR has a limited annual growth rate of 1.14%.
MLR has been paying a dividend for at least 10 years, so it has a reliable track record.
MLR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.14%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
MLR pays out 29.53% of its income as dividend. This is a sustainable payout ratio.
DP29.53%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
39.07
+0.83 (+2.17%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.32%
Inst Owner Change-8.96%
Ins Owners3.75%
Ins Owner Change0%
Market Cap446.57M
Revenue(TTM)840.26M
Net Income(TTM)30.61M
Analysts76.67
Price Target49.98 (27.92%)
Short Float %4.81%
Short Ratio6.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP29.53%
Div Incr Years1
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.37%
Min EPS beat(2)15.64%
Max EPS beat(2)37.09%
EPS beat(4)3
Avg EPS beat(4)9.52%
Min EPS beat(4)-23.97%
Max EPS beat(4)37.09%
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)-5.08%
Min Revenue beat(2)-9.8%
Max Revenue beat(2)-0.37%
Revenue beat(4)0
Avg Revenue beat(4)-8.72%
Min Revenue beat(4)-24.32%
Max Revenue beat(4)-0.37%
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)-14.04%
PT rev (3m)-14.04%
EPS NQ rev (1m)-18.89%
EPS NQ rev (3m)-18.89%
EPS NY rev (1m)3.07%
EPS NY rev (3m)-40.56%
Revenue NQ rev (1m)-1.35%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-14.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 14.79 | ||
| P/S | 0.53 | ||
| P/FCF | 15.8 | ||
| P/OCF | 11.8 | ||
| P/B | 1.06 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 8.11 |
EPS(TTM)2.6
EY6.65%
EPS(NY)2.64
Fwd EY6.76%
FCF(TTM)2.47
FCFY6.33%
OCF(TTM)3.31
OCFY8.48%
SpS73.51
BVpS36.8
TBVpS35.05
PEG (NY)N/A
PEG (5Y)1.53
Graham Number46.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.06% | ||
| ROE | 7.28% | ||
| ROCE | 8.72% | ||
| ROIC | 6.9% | ||
| ROICexc | 7.51% | ||
| ROICexgc | 7.88% | ||
| OM | 4.86% | ||
| PM (TTM) | 3.64% | ||
| GM | 15.15% | ||
| FCFM | 3.36% |
ROA(3y)7.52%
ROA(5y)6.76%
ROE(3y)13.17%
ROE(5y)11.16%
ROIC(3y)12.05%
ROIC(5y)10.64%
ROICexc(3y)13%
ROICexc(5y)12.03%
ROICexgc(3y)13.63%
ROICexgc(5y)12.64%
ROCE(3y)15.23%
ROCE(5y)13.44%
ROICexgc growth 3Y23.72%
ROICexgc growth 5Y-2.98%
ROICexc growth 3Y23.89%
ROICexc growth 5Y-2.91%
OM growth 3Y26.88%
OM growth 5Y0.66%
PM growth 3Y30.5%
PM growth 5Y1.11%
GM growth 3Y11.72%
GM growth 5Y2.86%
F-Score7
Asset Turnover1.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 0.82 | ||
| Cap/Depr | 69.13% | ||
| Cap/Sales | 1.14% | ||
| Interest Coverage | 4.99 | ||
| Cash Conversion | 69.16% | ||
| Profit Quality | 92.33% | ||
| Current Ratio | 3.46 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 4.32 |
F-Score7
WACC10.43%
ROIC/WACC0.66
Cap/Depr(3y)148.85%
Cap/Depr(5y)142.34%
Cap/Sales(3y)1.89%
Cap/Sales(5y)1.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-56.88%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-79.7%
EPS Next Y-67.58%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.91%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
Revenue Next Year-40.97%
Revenue Next 2Y-14.43%
Revenue Next 3Y-7.67%
Revenue Next 5YN/A
EBIT growth 1Y-56.06%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-53.23%
EBIT Next 3Y-17.31%
EBIT Next 5YN/A
FCF growth 1Y808.62%
FCF growth 3Y-37.17%
FCF growth 5Y-38.84%
OCF growth 1Y127.39%
OCF growth 3Y3.38%
OCF growth 5Y-13.64%
MILLER INDUSTRIES INC/TENN / MLR FAQ
Can you provide the ChartMill fundamental rating for MILLER INDUSTRIES INC/TENN?
ChartMill assigns a fundamental rating of 5 / 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 15.03 and the Price/Book (PB) ratio is 1.06.
How financially healthy is MILLER INDUSTRIES INC/TENN?
The financial health rating of MILLER INDUSTRIES INC/TENN (MLR) is 8 / 10.