MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
NYSE:MYE - New York Stock Exchange, Inc. - US6284641098 - Common Stock - Currency: USD
Taking everything into account, MYE scores 5 out of 10 in our fundamental rating. MYE was compared to 24 industry peers in the Containers & Packaging industry. There are concerns on the financial health of MYE while its profitability can be described as average. MYE is cheap, but on the other hand it scores bad on growth. MYE also has an excellent dividend rating.
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.
Each year in the past 5 years MYE has been profitable.
In the past 5 years MYE always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 1.71%, MYE is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
MYE's Return On Equity of 5.60% is in line compared to the rest of the industry. MYE outperforms 43.48% of its industry peers.
With a Return On Invested Capital value of 7.62%, MYE perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MYE is significantly above the industry average of 7.70%.
The 3 year average ROIC (13.63%) for MYE is well above the current ROIC(7.62%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.6% | ||
| ROIC | 7.62% |
ROA(3y)9.02%
ROA(5y)8.63%
ROE(3y)18.74%
ROE(5y)18.05%
ROIC(3y)13.63%
ROIC(5y)12.95%
1.3 Margins
The Profit Margin of MYE (1.88%) is worse than 65.22% of its industry peers.
MYE's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.20%, MYE is in line with its industry, outperforming 52.17% of the companies in the same industry.
MYE's Operating Margin has improved in the last couple of years.
MYE has a better Gross Margin (31.93%) than 86.96% of its industry peers.
In the last couple of years the Gross Margin of MYE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.2% | ||
| PM (TTM) | 1.88% | ||
| GM | 31.93% |
OM growth 3Y0.92%
OM growth 5Y49.68%
PM growth 3Y-5.89%
PM growth 5YN/A
GM growth 3Y-1.85%
GM growth 5Y0.13%
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.
The number of shares outstanding for MYE has been increased compared to 1 year ago.
MYE has more shares outstanding than it did 5 years ago.
MYE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.71, we must say that MYE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.71, MYE is not doing good in the industry: 73.91% of the companies in the same industry are doing better.
The Debt to FCF ratio of MYE is 8.53, which is on the high side as it means it would take MYE, 8.53 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.53, MYE is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
MYE has a Debt/Equity ratio of 1.36. This is a high value indicating a heavy dependency on external financing.
MYE has a Debt to Equity ratio of 1.36. This is comparable to the rest of the industry: MYE outperforms 43.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 8.53 | ||
| Altman-Z | 1.71 |
ROIC/WACC0.89
WACC8.55%
2.3 Liquidity
A Current Ratio of 1.80 indicates that MYE should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.80, MYE is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
MYE has a Quick Ratio of 1.11. 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 Quick ratio (1.11) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for MYE have decreased strongly by -20.28% in the last year.
The Earnings Per Share has been growing by 12.12% on average over the past years. This is quite good.
Looking at the last year, MYE shows a decrease in Revenue. The Revenue has decreased by -1.36% in the last year.
Measured over the past years, MYE shows a small growth in Revenue. The Revenue has been growing by 7.49% on average per year.
EPS 1Y (TTM)-20.28%
EPS 3Y17.64%
EPS 5Y12.12%
EPS Q2Q%-34.21%
Revenue 1Y (TTM)-1.36%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Sales Q2Q%3.67%
3.2 Future
Based on estimates for the next years, MYE will show a small growth in Earnings Per Share. The EPS will grow by 4.46% on average per year.
The Revenue is expected to grow by 3.17% on average over the next years.
EPS Next Y-31.46%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
EPS Next 5YN/A
Revenue Next Year2.7%
Revenue Next 2Y2.99%
Revenue Next 3Y3.17%
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
MYE is valuated reasonably with a Price/Earnings ratio of 10.60.
Based on the Price/Earnings ratio, MYE is valued cheaper than 86.96% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.39. MYE is valued rather cheaply when compared to this.
MYE is valuated reasonably with a Price/Forward Earnings ratio of 10.22.
86.96% of the companies in the same industry are more expensive than MYE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MYE to the average of the S&P500 Index (24.37), we can say MYE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.6 | ||
| Fwd PE | 10.22 |
4.2 Price Multiples
MYE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MYE is cheaper than 95.65% of the companies in the same industry.
MYE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MYE is cheaper than 78.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.68 | ||
| EV/EBITDA | 7.48 |
4.3 Compensation for Growth
MYE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.87
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 4.44%, which is a nice return.
MYE's Dividend Yield is rather good when compared to the industry average which is at 3.06. MYE pays more dividend than 91.30% of the companies in the same industry.
MYE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
5.2 History
The dividend of MYE has a limited annual growth rate of 0.36%.
MYE has paid a dividend for at least 10 years, which is a reliable track record.
MYE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.36%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 131.85% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MYE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP131.85%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
MYERS INDUSTRIES INC
NYSE:MYE (1/28/2025, 4:15:00 PM)
After market: 12.08 0 (0%)12.08
-0.26 (-2.11%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners94.77%
Inst Owner Change0.19%
Ins Owners0.89%
Ins Owner Change1.8%
Market Cap450.10M
Analysts45
Price Target22.44 (85.76%)
Short Float %3.15%
Short Ratio2.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
Yearly Dividend0.55
Dividend Growth(5Y)0.36%
DP131.85%
Div Incr Years0
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.96%
Min EPS beat(2)-14.65%
Max EPS beat(2)24.56%
EPS beat(4)2
Avg EPS beat(4)-3.67%
Min EPS beat(4)-35.02%
Max EPS beat(4)24.56%
EPS beat(8)4
Avg EPS beat(8)-1.93%
EPS beat(12)8
Avg EPS beat(12)6.91%
EPS beat(16)10
Avg EPS beat(16)3.92%
Revenue beat(2)0
Avg Revenue beat(2)-8.53%
Min Revenue beat(2)-9.56%
Max Revenue beat(2)-7.5%
Revenue beat(4)0
Avg Revenue beat(4)-8.38%
Min Revenue beat(4)-15.2%
Max Revenue beat(4)-1.26%
Revenue beat(8)0
Avg Revenue beat(8)-7.96%
Revenue beat(12)4
Avg Revenue beat(12)-3.59%
Revenue beat(16)8
Avg Revenue beat(16)-0.78%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-72.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.6 | ||
| Fwd PE | 10.22 | ||
| P/S | 0.55 | ||
| P/FCF | 9.68 | ||
| P/OCF | 6.68 | ||
| P/B | 1.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.48 |
EPS(TTM)1.14
EY9.44%
EPS(NY)1.18
Fwd EY9.78%
FCF(TTM)1.25
FCFY10.33%
OCF(TTM)1.81
OCFY14.96%
SpS22.1
BVpS7.4
TBVpS-4.71
PEG (NY)N/A
PEG (5Y)0.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.6% | ||
| ROCE | 10.08% | ||
| ROIC | 7.62% | ||
| ROICexc | 7.93% | ||
| ROICexgc | 21.13% | ||
| OM | 9.2% | ||
| PM (TTM) | 1.88% | ||
| GM | 31.93% | ||
| FCFM | 5.64% |
ROA(3y)9.02%
ROA(5y)8.63%
ROE(3y)18.74%
ROE(5y)18.05%
ROIC(3y)13.63%
ROIC(5y)12.95%
ROICexc(3y)14.56%
ROICexc(5y)14.67%
ROICexgc(3y)24.3%
ROICexgc(5y)26.75%
ROCE(3y)18.05%
ROCE(5y)17.14%
ROICexcg growth 3Y-4.57%
ROICexcg growth 5Y40.07%
ROICexc growth 3Y2.77%
ROICexc growth 5Y43.03%
OM growth 3Y0.92%
OM growth 5Y49.68%
PM growth 3Y-5.89%
PM growth 5YN/A
GM growth 3Y-1.85%
GM growth 5Y0.13%
F-Score4
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 8.53 | ||
| Debt/EBITDA | 3.4 | ||
| Cap/Depr | 60.23% | ||
| Cap/Sales | 2.53% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.98% | ||
| Profit Quality | 300.97% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.71 |
F-Score4
WACC8.55%
ROIC/WACC0.89
Cap/Depr(3y)100.11%
Cap/Depr(5y)81.61%
Cap/Sales(3y)2.62%
Cap/Sales(5y)2.5%
Profit Quality(3y)96.81%
Profit Quality(5y)112.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.28%
EPS 3Y17.64%
EPS 5Y12.12%
EPS Q2Q%-34.21%
EPS Next Y-31.46%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.36%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Sales Q2Q%3.67%
Revenue Next Year2.7%
Revenue Next 2Y2.99%
Revenue Next 3Y3.17%
Revenue Next 5YN/A
EBIT growth 1Y3.13%
EBIT growth 3Y17.87%
EBIT growth 5Y60.88%
EBIT Next Year61.6%
EBIT Next 3Y25.85%
EBIT Next 5YN/A
FCF growth 1Y-23.68%
FCF growth 3Y24.15%
FCF growth 5Y2.44%
OCF growth 1Y-18%
OCF growth 3Y22.82%
OCF growth 5Y7.07%