MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
NYSE:MLR - New York Stock Exchange, Inc. - US6005512040 - Common Stock - Currency: USD
MLR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. Both the profitability and the financial health of MLR get a neutral evaluation. Nothing too spectacular is happening here. 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
MLR had positive earnings in the past year.
In the past year MLR had a positive cash flow from operations.
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
MLR has a Return On Assets of 8.53%. This is in the better half of the industry: MLR outperforms 73.44% of its industry peers.
MLR's Return On Equity of 13.42% is fine compared to the rest of the industry. MLR outperforms 64.84% of its industry peers.
MLR has a Return On Invested Capital of 11.83%. This is in the better half of the industry: MLR outperforms 75.78% 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 10.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 13.42% | ||
| ROIC | 11.83% |
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
Looking at the Profit Margin, with a value of 4.81%, MLR is in line with its industry, outperforming 46.09% of the companies in the same industry.
In the last couple of years the Profit Margin of MLR has remained more or less at the same level.
With a Operating Margin value of 6.39%, MLR perfoms like the industry average, outperforming 42.19% of the companies in the same industry.
MLR's Operating Margin has been stable in the last couple of years.
MLR's Gross Margin of 14.16% is on the low side compared to the rest of the industry. MLR is outperformed by 82.03% of its industry peers.
MLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.39% | ||
| PM (TTM) | 4.81% | ||
| GM | 14.16% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MLR is creating some value.
The number of shares outstanding for MLR remains at a similar level compared to 1 year ago.
The number of shares outstanding for MLR has been increased compared to 5 years ago.
The debt/assets ratio for MLR is higher compared to a year ago.
2.2 Solvency
MLR has an Altman-Z score of 4.73. This indicates that MLR is financially healthy and has little risk of bankruptcy at the moment.
MLR has a better Altman-Z score (4.73) than 75.78% of its industry peers.
MLR has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
MLR has a better Debt to Equity ratio (0.18) than 73.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.73 |
ROIC/WACC1.12
WACC10.6%
2.3 Liquidity
MLR has a Current Ratio of 3.23. This indicates that MLR is financially healthy and has no problem in meeting its short term obligations.
MLR has a Current ratio of 3.23. This is in the better half of the industry: MLR outperforms 79.69% of its industry peers.
A Quick Ratio of 2.16 indicates that MLR has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.16, MLR is in the better half of the industry, outperforming 77.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.23 | ||
| Quick Ratio | 2.16 |
3. Growth
3.1 Past
MLR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.80%.
The Earnings Per Share has been growing by 9.79% on average over the past years. This is quite good.
MLR shows a decrease in Revenue. In the last year, the revenue decreased by -7.19%.
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)-17.8%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-53.06%
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-35.5%
3.2 Future
The Earnings Per Share is expected to grow by 6.09% on average over the next years.
The Revenue is expected to grow by 2.38% on average over the next years.
EPS Next Y-44.99%
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
EPS Next 5YN/A
Revenue Next Year-23%
Revenue Next 2Y-4.63%
Revenue Next 3Y2.38%
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
MLR is valuated reasonably with a Price/Earnings ratio of 9.87.
Based on the Price/Earnings ratio, MLR is valued cheaply inside the industry as 92.19% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.45. MLR is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.39, which indicates a very decent valuation of MLR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 94.53% of the companies listed in the same industry.
MLR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.87 | ||
| Fwd PE | 9.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MLR is valued cheaper than 93.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.69 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 1.72%.
MLR's Dividend Yield is a higher than the industry average which is at 1.83.
MLR's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.14%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
16.19% 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 earnings are growing more, so the dividend growth is sustainable.
DP16.19%
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
NYSE:MLR (7/3/2025, 7:50:14 PM)
46.48
-0.08 (-0.17%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners100.01%
Inst Owner Change4.83%
Ins Owners3.74%
Ins Owner Change22.13%
Market Cap532.66M
Analysts80
Price Target69.36 (49.23%)
Short Float %7.52%
Short Ratio12.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP16.19%
Div Incr Years1
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.33%
Min EPS beat(2)-23.97%
Max EPS beat(2)9.31%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-12.36%
Min Revenue beat(2)-24.32%
Max Revenue beat(2)-0.41%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-3.55%
PT rev (3m)-3.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.76%
EPS NY rev (1m)0%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-27.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.87 | ||
| Fwd PE | 9.39 | ||
| P/S | 0.47 | ||
| P/FCF | N/A | ||
| P/OCF | 50.22 | ||
| P/B | 1.31 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 6.69 |
EPS(TTM)4.71
EY10.13%
EPS(NY)4.95
Fwd EY10.65%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)0.93
OCFY1.99%
SpS98.89
BVpS35.47
TBVpS33.73
PEG (NY)N/A
PEG (5Y)1.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 13.42% | ||
| ROCE | 14.96% | ||
| ROIC | 11.83% | ||
| ROICexc | 12.54% | ||
| ROICexgc | 13.12% | ||
| OM | 6.39% | ||
| PM (TTM) | 4.81% | ||
| GM | 14.16% | ||
| FCFM | N/A |
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%
ROICexcg growth 3Y23.72%
ROICexcg 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-Score5
Asset Turnover1.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.87 | ||
| Cap/Depr | 111.16% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 7.49 | ||
| Cash Conversion | 12.24% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.23 | ||
| Quick Ratio | 2.16 | ||
| Altman-Z | 4.73 |
F-Score5
WACC10.6%
ROIC/WACC1.12
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)-17.8%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-53.06%
EPS Next Y-44.99%
EPS Next 2Y-5.05%
EPS Next 3Y6.09%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-35.5%
Revenue Next Year-23%
Revenue Next 2Y-4.63%
Revenue Next 3Y2.38%
Revenue Next 5YN/A
EBIT growth 1Y-18.55%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-31.53%
EBIT Next 3Y8.04%
EBIT Next 5YN/A
FCF growth 1Y77.94%
FCF growth 3Y-37.17%
FCF growth 5Y-38.84%
OCF growth 1Y251.23%
OCF growth 3Y3.38%
OCF growth 5Y-13.64%