MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - NYSE:MLR - US6005512040 - Common Stock
39.45 USD
+0.08 (+0.2%)
39.45 USD
0 (0%)
Taking everything into account, MLR scores 6 out of 10 in our fundamental rating. MLR was compared to 128 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 bad growth rate and is valued cheaply. With these ratings, MLR could be worth investigating further for value investing!.
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.
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 (6.82%) is better than 66.41% of its industry peers.
MLR has a Return On Equity (10.15%) which is in line with its industry peers.
With a decent Return On Invested Capital value of 9.19%, MLR is doing good in the industry, outperforming 63.28% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MLR is above the industry average of 10.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 10.15% | ||
| ROIC | 9.19% |
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 4.35%, MLR is in line with its industry, outperforming 44.53% of the companies in the same industry.
MLR's Profit Margin has been stable in the last couple of years.
The Operating Margin of MLR (5.67%) is worse than 61.72% of its industry peers.
In the last couple of years the Operating Margin of MLR has remained more or less at the same level.
MLR has a Gross Margin of 14.76%. This is amonst the worse of the industry: MLR underperforms 81.25% of its industry peers.
MLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.67% | ||
| PM (TTM) | 4.35% | ||
| GM | 14.76% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MLR is still 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 increased compared to 5 years ago.
MLR has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.44 indicates that MLR is not in any danger for bankruptcy at the moment.
MLR's Altman-Z score of 4.44 is fine compared to the rest of the industry. MLR outperforms 72.66% of its industry peers.
MLR has a debt to FCF ratio of 1.61. This is a very positive value and a sign of high solvency as it would only need 1.61 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.61, MLR belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
MLR has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
MLR has a Debt to Equity ratio of 0.13. This is in the better half of the industry: MLR outperforms 76.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.61 | ||
| Altman-Z | 4.44 |
ROIC/WACC0.85
WACC10.77%
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 Current ratio of 3.32. This is amongst the best in the industry. MLR outperforms 80.47% 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.
Looking at the Quick ratio, with a value of 2.19, MLR is in the better half of the industry, outperforming 78.91% of the companies in the same industry.
| 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 -41.16% in the last year.
MLR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.79% yearly.
The Revenue for MLR has decreased by -24.48% in the past year. This is quite bad
The Revenue has been growing by 8.98% on average over the past years. This is quite good.
EPS 1Y (TTM)-41.16%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-58.99%
Revenue 1Y (TTM)-24.48%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-42.38%
3.2 Future
The Earnings Per Share is expected to grow by 1.00% on average over the next years.
MLR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.41% yearly.
EPS Next Y-45.45%
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
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.
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 10.78.
MLR's Price/Earnings ratio is rather cheap when compared to the industry. MLR is cheaper than 91.41% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, MLR is valued rather cheaply.
A Price/Forward Earnings ratio of 10.56 indicates a reasonable valuation of MLR.
91.41% 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 (22.71), we can say MLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.78 | ||
| Fwd PE | 10.56 |
4.2 Price Multiples
MLR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MLR is cheaper than 93.75% of the companies in the same industry.
MLR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MLR is cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.23 | ||
| EV/EBITDA | 6.79 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.1
EPS Next 2Y-17.5%
EPS Next 3Y1%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 1.95%.
MLR's Dividend Yield is rather good when compared to the industry average which is at 1.74. MLR pays more dividend than 85.16% of the companies in the same industry.
MLR's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
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
21.02% 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.
DP21.02%
EPS Next 2Y-17.5%
EPS Next 3Y1%
39.45
+0.08 (+0.2%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners99.1%
Inst Owner Change8.22%
Ins Owners3.74%
Ins Owner Change3.81%
Market Cap452.10M
Analysts80
Price Target58.14 (47.38%)
Short Float %5.23%
Short Ratio5.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP21.02%
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)-14.93%
PT rev (3m)-16.18%
EPS NQ rev (1m)-76.22%
EPS NQ rev (3m)-78.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.84%
Revenue NQ rev (1m)-23.12%
Revenue NQ rev (3m)-36.16%
Revenue NY rev (1m)-22.63%
Revenue NY rev (3m)-23.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.78 | ||
| Fwd PE | 10.56 | ||
| P/S | 0.46 | ||
| P/FCF | 13.23 | ||
| P/OCF | 9.32 | ||
| P/B | 1.08 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 6.79 |
EPS(TTM)3.66
EY9.28%
EPS(NY)3.74
Fwd EY9.47%
FCF(TTM)2.98
FCFY7.56%
OCF(TTM)4.23
OCFY10.74%
SpS85.15
BVpS36.53
TBVpS34.78
PEG (NY)N/A
PEG (5Y)1.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.82% | ||
| ROE | 10.15% | ||
| ROCE | 11.61% | ||
| ROIC | 9.19% | ||
| ROICexc | 9.85% | ||
| ROICexgc | 10.31% | ||
| OM | 5.67% | ||
| PM (TTM) | 4.35% | ||
| GM | 14.76% | ||
| FCFM | 3.5% |
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-Score7
Asset Turnover1.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.61 | ||
| Debt/EBITDA | 0.79 | ||
| Cap/Depr | 99.21% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | 5.97 | ||
| Cash Conversion | 69.51% | ||
| Profit Quality | 80.44% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 4.44 |
F-Score7
WACC10.77%
ROIC/WACC0.85
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)-41.16%
EPS 3Y56.79%
EPS 5Y9.79%
EPS Q2Q%-58.99%
EPS Next Y-45.45%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.48%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-42.38%
Revenue Next Year-40.89%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
Revenue Next 5YN/A
EBIT growth 1Y-42.87%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-31.97%
EBIT Next 3Y8.04%
EBIT Next 5YN/A
FCF growth 1Y482.13%
FCF growth 3Y-37.17%
FCF growth 5Y-38.84%
OCF growth 1Y161.21%
OCF growth 3Y3.38%
OCF growth 5Y-13.64%