MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
38.57 USD
-0.02 (-0.05%)
38.57 USD
0 (0%)
Taking everything into account, MLR scores 6 out of 10 in our fundamental rating. 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 it does not seem to be growing.
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.
In the past 5 years MLR has always 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 (5.06%) which 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 48.46% of its industry peers.
MLR has a Return On Invested Capital (6.90%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MLR is in line with the industry average of 10.34%.
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 comparable to the rest of the industry.
MLR's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 4.86%, MLR is doing worse than 61.54% 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 (15.15%) is worse than 80.77% of its industry peers.
MLR's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MLR 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 increased compared to 5 years ago.
MLR has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.34 indicates that MLR is not in any danger for bankruptcy at the moment.
MLR's Altman-Z score of 4.34 is fine compared to the rest of the industry. MLR outperforms 69.23% 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.
With an excellent Debt to FCF ratio value of 1.59, MLR belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
MLR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of MLR (0.11) is better than 77.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.34 |
ROIC/WACC0.67
WACC10.23%
2.3 Liquidity
A Current Ratio of 3.46 indicates that MLR has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.46, MLR belongs to the best 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's Quick ratio of 2.13 is fine compared to the rest 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%.
MLR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.79% yearly.
MLR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -36.91%.
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 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
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.
Based on estimates for the next years, MLR will show a decrease in Revenue. The Revenue will decrease by -7.41% on average per year.
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 14.83, which indicates a correct valuation of MLR.
Compared to the rest of the industry, the Price/Earnings ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 85.38% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MLR to the average of the S&P500 Index (26.15), we can say MLR is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 10.32, the valuation of MLR can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MLR indicates a rather cheap valuation: MLR is cheaper than 93.08% 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 36.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.83 | ||
| Fwd PE | 10.32 |
4.2 Price Multiples
88.46% of the companies in the same industry are more expensive than MLR, based on the Enterprise Value to EBITDA ratio.
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 | 15.64 | ||
| EV/EBITDA | 8.2 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.51
EPS Next 2Y-17.5%
EPS Next 3Y1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.18%, 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 1.97. MLR pays more dividend than 83.85% of the companies in the same industry.
MLR's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
5.2 History
The dividend of MLR has a limited annual growth rate of 1.14%.
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)1.14%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
29.53% 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.
DP29.53%
EPS Next 2Y-17.5%
EPS Next 3Y1%
38.57
-0.02 (-0.05%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners99.09%
Inst Owner Change-8.95%
Ins Owners3.74%
Ins Owner Change0%
Market Cap442.01M
Revenue(TTM)840.26M
Net Income(TTM)30.61M
Analysts80
Price Target49.98 (29.58%)
Short Float %5.13%
Short Ratio6.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
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)-35.56%
EPS NQ rev (3m)-93.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-42.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-24.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.83 | ||
| Fwd PE | 10.32 | ||
| P/S | 0.53 | ||
| P/FCF | 15.64 | ||
| P/OCF | 11.67 | ||
| P/B | 1.05 | ||
| P/tB | 1.1 | ||
| EV/EBITDA | 8.2 |
EPS(TTM)2.6
EY6.74%
EPS(NY)3.74
Fwd EY9.69%
FCF(TTM)2.47
FCFY6.39%
OCF(TTM)3.3
OCFY8.57%
SpS73.32
BVpS36.71
TBVpS34.96
PEG (NY)N/A
PEG (5Y)1.51
Graham Number46.34
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 | 4.34 |
F-Score7
WACC10.23%
ROIC/WACC0.67
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-68.54%
EPS Next 2Y-17.5%
EPS Next 3Y1%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.91%
Revenue growth 3Y20.57%
Revenue growth 5Y8.98%
Sales Q2Q%-43.15%
Revenue Next Year-40.89%
Revenue Next 2Y-13.41%
Revenue Next 3Y-7.41%
Revenue Next 5YN/A
EBIT growth 1Y-56.06%
EBIT growth 3Y52.97%
EBIT growth 5Y9.69%
EBIT Next Year-53.78%
EBIT Next 3Y2.98%
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 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 14.83 and the Price/Book (PB) ratio is 1.05.
How financially healthy is MILLER INDUSTRIES INC/TENN?
The financial health rating of MILLER INDUSTRIES INC/TENN (MLR) is 8 / 10.