MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - NYSE:MLR - US6005512040 - Common Stock
35.77 USD
-2 (-5.3%)
35.77 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. MLR is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. MLR has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MLR was profitable.
In the past year MLR had a positive cash flow from operations.
In the past 5 years MLR has always been profitable.
Of the past 5 years MLR 4 years had a positive operating cash flow.
1.2 Ratios
MLR has a Return On Assets of 6.83%. This is in the better half of the industry: MLR outperforms 70.00% of its industry peers.
MLR has a Return On Equity of 10.15%. This is comparable to the rest of the industry: MLR outperforms 58.46% of its industry peers.
MLR has a better Return On Invested Capital (9.30%) than 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 10.25%.
| 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
With a Profit Margin value of 4.36%, MLR perfoms like the industry average, outperforming 48.46% of the companies in the same industry.
MLR's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 5.74%, MLR is doing worse than 60.00% of the companies in the same industry.
MLR's Operating Margin has been stable in the last couple of years.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MLR is still creating some value.
The number of shares outstanding for MLR remains at a similar level compared to 1 year ago.
MLR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MLR is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.39 indicates that MLR is not in any danger for bankruptcy at the moment.
MLR has a better Altman-Z score (4.39) than 70.77% of its industry peers.
MLR has a debt to FCF ratio of 1.59. This is a very positive value and a sign of high solvency as it would only need 1.59 years to pay back of all of its debts.
MLR has a better Debt to FCF ratio (1.59) than 83.85% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that MLR is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.13, MLR is doing good in the industry, outperforming 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.39 |
ROIC/WACC0.88
WACC10.55%
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 has a better Current ratio (3.32) than 83.85% of its industry peers.
MLR has a Quick Ratio of 2.19. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.19, MLR is doing good in the industry, outperforming 79.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 |
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 8.89% on average per year.
The Revenue has grown by 9.03% in the past year. This is quite good.
Measured over the past years, MLR shows a quite strong growth in Revenue. The Revenue has been growing by 8.98% on average per year.
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.
MLR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.41% yearly.
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
With a Price/Earnings ratio of 13.76, MLR is valued correctly.
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.
The average S&P500 Price/Earnings ratio is at 25.56. MLR is valued slightly cheaper when compared to this.
MLR is valuated reasonably with a Price/Forward Earnings ratio of 9.57.
Based on the Price/Forward Earnings ratio, MLR is valued cheaper than 92.31% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.62, MLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.76 | ||
| Fwd PE | 9.57 |
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 93.85% 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 | 11.81 | ||
| EV/EBITDA | 6.48 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.55
EPS Next 2Y-17.5%
EPS Next 3Y1%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 2.10%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of MLR has falen by -20.26%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 1.87, MLR pays a better dividend. On top of this MLR pays more dividend than 83.85% of the companies listed 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.94%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
21.00% of the earnings are spent on dividend by MLR. This is a low number and 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%
35.77
-2 (-5.3%)
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 Cap409.92M
Revenue(TTM)1.26B
Net Income(TTM)42.53M
Analysts80
Price Target58.14 (62.54%)
Short Float %5.26%
Short Ratio5.5
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 | 13.76 | ||
| Fwd PE | 9.57 | ||
| P/S | 0.42 | ||
| P/FCF | 11.81 | ||
| P/OCF | 8.42 | ||
| P/B | 0.98 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 6.48 |
EPS(TTM)2.6
EY7.27%
EPS(NY)3.74
Fwd EY10.45%
FCF(TTM)3.03
FCFY8.46%
OCF(TTM)4.25
OCFY11.88%
SpS85.15
BVpS36.56
TBVpS34.82
PEG (NY)N/A
PEG (5Y)1.55
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 | 4.39 |
F-Score7
WACC10.55%
ROIC/WACC0.88
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 13.76 and the Price/Book (PB) ratio is 0.98.
How financially healthy is MILLER INDUSTRIES INC/TENN?
The financial health rating of MILLER INDUSTRIES INC/TENN (MLR) is 8 / 10.