MILLER INDUSTRIES INC/TENN (MLR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
40.09 USD
+0.5 (+1.26%)
40.09 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MLR. MLR was compared to 132 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
In the past year MLR was profitable.
In the past year MLR had a positive cash flow from operations.
Each year in the past 5 years MLR has been profitable.
Of the past 5 years MLR 4 years had a positive operating cash flow.
1.2 Ratios
MLR has a better Return On Assets (5.06%) than 60.61% of its industry peers.
MLR's Return On Equity of 7.28% is in line compared to the rest of the industry. MLR outperforms 50.76% of its industry peers.
The Return On Invested Capital of MLR (6.90%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for MLR is in line with the industry average of 10.25%.
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's Profit Margin of 3.64% is in line compared to the rest of the industry. MLR outperforms 46.97% of its industry peers.
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 62.12% of the companies in the same industry.
In the last couple of years the Operating Margin of MLR has remained more or less at the same level.
MLR has a worse Gross Margin (15.15%) than 80.30% 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.
MLR has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MLR has more shares outstanding
The debt/assets ratio for MLR is higher compared to a year ago.
2.2 Solvency
MLR has an Altman-Z score of 4.37. 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 4.37, MLR is in the better half of the industry, outperforming 66.67% 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's Debt to FCF ratio of 1.59 is amongst the best of the industry. MLR outperforms 83.33% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that MLR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, MLR is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.67
WACC10.33%
2.3 Liquidity
A Current Ratio of 3.46 indicates that MLR has no problem at all paying its short term obligations.
MLR has a better Current ratio (3.46) than 83.33% of its industry peers.
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.
The Quick ratio of MLR (2.13) is better than 78.03% 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%.
The Earnings Per Share has been growing by 9.79% on average over the past years. This is quite good.
MLR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -36.91%.
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
Based on estimates for the next years, MLR will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.12% on average per year.
MLR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.67% yearly.
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.
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
Based on the Price/Earnings ratio of 15.42, the valuation of MLR can be described as correct.
Based on the Price/Earnings ratio, MLR is valued cheaper than 87.12% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. MLR is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 15.18, which indicates a correct valuation of MLR.
Based on the Price/Forward Earnings ratio, MLR is valued cheaper than 85.61% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MLR to the average of the S&P500 Index (23.92), we can say MLR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.42 | ||
| Fwd PE | 15.18 |
4.2 Price Multiples
90.91% of the companies in the same industry are more expensive than MLR, based on the Enterprise Value to EBITDA ratio.
MLR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MLR is cheaper than 81.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.22 | ||
| EV/EBITDA | 8.39 |
4.3 Compensation for Growth
A cheap valuation may be justified as MLR's earnings are expected to decrease with -23.12% in the coming years.
PEG (NY)N/A
PEG (5Y)1.57
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
5. Dividend
5.1 Amount
MLR has a Yearly Dividend Yield of 2.02%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 0.80, MLR pays a better dividend. On top of this MLR pays more dividend than 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, MLR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
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
29.53% of the earnings are spent on dividend by MLR. This is a low number and sustainable payout ratio.
DP29.53%
EPS Next 2Y-30.63%
EPS Next 3Y-23.12%
40.09
+0.5 (+1.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.35%
Inst Owner Change0.01%
Ins Owners3.75%
Ins Owner Change0%
Market Cap458.23M
Revenue(TTM)840.26M
Net Income(TTM)30.61M
Analysts76.67
Price Target49.98 (24.67%)
Short Float %4.17%
Short Ratio5.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend0.76
Dividend Growth(5Y)1.14%
DP29.53%
Div Incr Years1
Div Non Decr Years14
Ex-DateN/A
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)0%
PT rev (3m)-14.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.89%
EPS NY rev (1m)0%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.42 | ||
| Fwd PE | 15.18 | ||
| P/S | 0.55 | ||
| P/FCF | 16.22 | ||
| P/OCF | 12.1 | ||
| P/B | 1.09 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 8.39 |
EPS(TTM)2.6
EY6.49%
EPS(NY)2.64
Fwd EY6.59%
FCF(TTM)2.47
FCFY6.17%
OCF(TTM)3.31
OCFY8.26%
SpS73.51
BVpS36.8
TBVpS35.05
PEG (NY)N/A
PEG (5Y)1.57
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 | 4.37 |
F-Score7
WACC10.33%
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-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
What is the ChartMill fundamental rating of MILLER INDUSTRIES INC/TENN (MLR) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MLR.
What is the valuation status for 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 are the PE and PB ratios of MILLER INDUSTRIES INC/TENN (MLR) stock?
The Price/Earnings (PE) ratio for MILLER INDUSTRIES INC/TENN (MLR) is 15.42 and the Price/Book (PB) ratio is 1.09.
How sustainable is the dividend of MILLER INDUSTRIES INC/TENN (MLR) stock?
The dividend rating of MILLER INDUSTRIES INC/TENN (MLR) is 6 / 10 and the dividend payout ratio is 29.53%.