MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
NYSE:MYE - New York Stock Exchange, Inc. - US6284641098 - Common Stock - Currency: USD
MYE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 22 industry peers in the Containers & Packaging industry. Both the profitability and the financial health of MYE get a neutral evaluation. Nothing too spectacular is happening here. MYE is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MYE was profitable.
In the past year MYE had a positive cash flow from operations.
In the past 5 years MYE has always been profitable.
Each year in the past 5 years MYE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.19%, MYE is doing worse than 68.18% of the companies in the same industry.
The Return On Equity of MYE (3.79%) is worse than 68.18% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.55%, MYE is in line with its industry, outperforming 50.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MYE is above the industry average of 7.58%.
The 3 year average ROIC (10.60%) for MYE is well above the current ROIC(6.55%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.79% | ||
| ROIC | 6.55% |
ROA(3y)6.99%
ROA(5y)7.42%
ROE(3y)14.27%
ROE(5y)15.65%
ROIC(3y)10.6%
ROIC(5y)10.33%
1.3 Margins
MYE has a worse Profit Margin (1.26%) than 72.73% of its industry peers.
MYE's Profit Margin has declined in the last couple of years.
MYE has a Operating Margin (8.89%) which is in line with its industry peers.
MYE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 32.99%, MYE belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
MYE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.89% | ||
| PM (TTM) | 1.26% | ||
| GM | 32.99% |
OM growth 3Y9.38%
OM growth 5Y2.37%
PM growth 3Y-41.94%
PM growth 5Y-28.82%
GM growth 3Y5.11%
GM growth 5Y-0.51%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MYE is still creating some value.
MYE has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MYE has been increased compared to 5 years ago.
MYE has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.89 indicates that MYE is not a great score, but indicates only limited risk for bankruptcy at the moment.
MYE has a Altman-Z score (1.89) which is in line with its industry peers.
MYE has a debt to FCF ratio of 9.25. This is a negative value and a sign of low solvency as MYE would need 9.25 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.25, MYE belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
MYE has a Debt/Equity ratio of 1.34. This is a high value indicating a heavy dependency on external financing.
MYE has a Debt to Equity ratio (1.34) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 9.25 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.73
WACC8.97%
2.3 Liquidity
MYE has a Current Ratio of 1.78. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE has a Current ratio of 1.78. This is in the better half of the industry: MYE outperforms 77.27% of its industry peers.
MYE has a Quick Ratio of 1.14. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.14, MYE is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The earnings per share for MYE have decreased strongly by -14.63% in the last year.
Measured over the past 5 years, MYE shows a small growth in Earnings Per Share. The EPS has been growing by 6.20% on average per year.
The Revenue has been growing slightly by 3.91% in the past year.
Measured over the past years, MYE shows a quite strong growth in Revenue. The Revenue has been growing by 10.15% on average per year.
EPS 1Y (TTM)-14.63%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4.76%
Revenue 1Y (TTM)3.91%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-0.17%
3.2 Future
The Earnings Per Share is expected to grow by 23.09% on average over the next years. This is a very strong growth
MYE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.11% yearly.
EPS Next Y-0.94%
EPS Next 2Y23.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.24%
Revenue Next 2Y1.11%
Revenue Next 3YN/A
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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.69, MYE is valued correctly.
Based on the Price/Earnings ratio, MYE is valued a bit cheaper than 77.27% of the companies in the same industry.
MYE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
MYE is valuated reasonably with a Price/Forward Earnings ratio of 9.79.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 81.82% of the companies listed in the same industry.
MYE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.69 | ||
| Fwd PE | 9.79 |
4.2 Price Multiples
MYE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MYE is cheaper than 81.82% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MYE is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.61 | ||
| EV/EBITDA | 8.17 |
4.3 Compensation for Growth
MYE's earnings are expected to grow with 23.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)2.37
EPS Next 2Y23.09%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 3.48%. Purely for dividend investing, there may be better candidates out there.
MYE's Dividend Yield is rather good when compared to the industry average which is at 2.90. MYE pays more dividend than 81.82% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, MYE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
5.2 History
The dividend of MYE has a limited annual growth rate of 0.29%.
MYE has been paying a dividend for at least 10 years, so it has a reliable track record.
MYE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.29%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 194.27% of its income as dividend. This is not a sustainable payout ratio.
MYE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP194.27%
EPS Next 2Y23.09%
EPS Next 3YN/A
15.42
-0.03 (-0.19%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners90.41%
Inst Owner Change0%
Ins Owners1.1%
Ins Owner Change4.57%
Market Cap576.40M
Analysts80
Price Target21.42 (38.91%)
Short Float %1.56%
Short Ratio2.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
Yearly Dividend0.55
Dividend Growth(5Y)0.29%
DP194.27%
Div Incr Years0
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)51.38%
Min EPS beat(2)14.64%
Max EPS beat(2)88.12%
EPS beat(4)3
Avg EPS beat(4)28.17%
Min EPS beat(4)-14.65%
Max EPS beat(4)88.12%
EPS beat(8)4
Avg EPS beat(8)9.2%
EPS beat(12)8
Avg EPS beat(12)10.79%
EPS beat(16)11
Avg EPS beat(16)11.11%
Revenue beat(2)0
Avg Revenue beat(2)-0.81%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)-0.61%
Revenue beat(4)0
Avg Revenue beat(4)-4.67%
Min Revenue beat(4)-9.56%
Max Revenue beat(4)-0.61%
Revenue beat(8)0
Avg Revenue beat(8)-6.73%
Revenue beat(12)2
Avg Revenue beat(12)-4.89%
Revenue beat(16)6
Avg Revenue beat(16)-1.69%
PT rev (1m)-4.55%
PT rev (3m)-4.55%
EPS NQ rev (1m)-3.03%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-1.92%
EPS NY rev (3m)-20.31%
Revenue NQ rev (1m)-1.6%
Revenue NQ rev (3m)-1.6%
Revenue NY rev (1m)-0.66%
Revenue NY rev (3m)-1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.69 | ||
| Fwd PE | 9.79 | ||
| P/S | 0.69 | ||
| P/FCF | 13.61 | ||
| P/OCF | 8.34 | ||
| P/B | 2.08 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.17 |
EPS(TTM)1.05
EY6.81%
EPS(NY)1.58
Fwd EY10.22%
FCF(TTM)1.13
FCFY7.35%
OCF(TTM)1.85
OCFY12%
SpS22.36
BVpS7.42
TBVpS-3.76
PEG (NY)N/A
PEG (5Y)2.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.79% | ||
| ROCE | 10.31% | ||
| ROIC | 6.55% | ||
| ROICexc | 6.89% | ||
| ROICexgc | 17.64% | ||
| OM | 8.89% | ||
| PM (TTM) | 1.26% | ||
| GM | 32.99% | ||
| FCFM | 5.07% |
ROA(3y)6.99%
ROA(5y)7.42%
ROE(3y)14.27%
ROE(5y)15.65%
ROIC(3y)10.6%
ROIC(5y)10.33%
ROICexc(3y)11.33%
ROICexc(5y)11.13%
ROICexgc(3y)20.89%
ROICexgc(5y)20.9%
ROCE(3y)16.68%
ROCE(5y)16.25%
ROICexcg growth 3Y2.64%
ROICexcg growth 5Y-7.31%
ROICexc growth 3Y-10.99%
ROICexc growth 5Y-12.2%
OM growth 3Y9.38%
OM growth 5Y2.37%
PM growth 3Y-41.94%
PM growth 5Y-28.82%
GM growth 3Y5.11%
GM growth 5Y-0.51%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 9.25 | ||
| Debt/EBITDA | 3.25 | ||
| Cap/Depr | 67.04% | ||
| Cap/Sales | 3.21% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.49% | ||
| Profit Quality | 403.14% | ||
| Current Ratio | 1.78 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 1.89 |
F-Score6
WACC8.97%
ROIC/WACC0.73
Cap/Depr(3y)92.7%
Cap/Depr(5y)85.55%
Cap/Sales(3y)2.81%
Cap/Sales(5y)2.68%
Profit Quality(3y)323.84%
Profit Quality(5y)228.43%
High Growth Momentum
Growth
EPS 1Y (TTM)-14.63%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4.76%
EPS Next Y-0.94%
EPS Next 2Y23.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.91%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%-0.17%
Revenue Next Year0.24%
Revenue Next 2Y1.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.74%
EBIT growth 3Y12.86%
EBIT growth 5Y12.77%
EBIT Next Year57.01%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-32.58%
FCF growth 3Y26.59%
FCF growth 5Y4.5%
OCF growth 1Y-24.11%
OCF growth 3Y20.86%
OCF growth 5Y7.86%