MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
20.32 USD
-0.28 (-1.36%)
20.32 USD
0 (0%)
Taking everything into account, MYE scores 5 out of 10 in our fundamental rating. MYE was compared to 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- MYE had positive earnings in the past year.
- MYE had a positive operating cash flow in the past year.
- MYE had positive earnings in each of the past 5 years.
- MYE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.23%, MYE is in line with its industry, outperforming 59.09% of the companies in the same industry.
- MYE has a Return On Equity (9.73%) which is in line with its industry peers.
- The Return On Invested Capital of MYE (7.06%) is better than 63.64% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MYE is above the industry average of 7.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 9.73% | ||
| ROIC | 7.06% |
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
- Looking at the Profit Margin, with a value of 3.38%, MYE is in line with its industry, outperforming 45.45% of the companies in the same industry.
- MYE's Profit Margin has declined in the last couple of years.
- MYE has a Operating Margin (9.31%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of MYE has grown nicely.
- MYE has a better Gross Margin (33.39%) than 86.36% 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 | 9.31% | ||
| PM (TTM) | 3.38% | ||
| GM | 33.39% |
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
- MYE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- MYE has more shares outstanding than it did 1 year ago.
- MYE has more shares outstanding than it did 5 years ago.
- MYE has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.14 indicates that MYE is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of MYE (2.14) is comparable to the rest of the industry.
- The Debt to FCF ratio of MYE is 5.42, which is a neutral value as it means it would take MYE, 5.42 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 5.42, MYE belongs to the top of the industry, outperforming 95.45% of the companies in the same industry.
- MYE has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of MYE (1.18) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.42 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.74
WACC9.52%
2.3 Liquidity
- A Current Ratio of 1.67 indicates that MYE should not have too much problems paying its short term obligations.
- MYE has a better Current ratio (1.67) than 72.73% of its industry peers.
- MYE has a Quick Ratio of 1.09. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of MYE (1.09) is better than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
- MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.04%.
- The Earnings Per Share has been growing slightly by 6.20% on average over the past years.
- The Revenue has been growing slightly by 0.26% in the past year.
- MYE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.15% yearly.
EPS 1Y (TTM)-14.04%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4%
Revenue 1Y (TTM)0.26%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%0.18%
3.2 Future
- MYE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.48% yearly.
- Based on estimates for the next years, MYE will show a decrease in Revenue. The Revenue will decrease by -0.17% on average per year.
EPS Next Y-1.91%
EPS Next 2Y19.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.3%
Revenue Next 2Y-0.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- Based on the Price/Earnings ratio of 20.73, the valuation of MYE can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of MYE indicates a slightly more expensive valuation: MYE is more expensive than 63.64% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.32. MYE is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 13.69, the valuation of MYE can be described as correct.
- Based on the Price/Forward Earnings ratio, MYE is valued a bit cheaper than 63.64% of the companies in the same industry.
- MYE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.73 | ||
| Fwd PE | 13.69 |
4.2 Price Multiples
- 63.64% of the companies in the same industry are more expensive than MYE, based on the Enterprise Value to EBITDA ratio.
- 90.91% of the companies in the same industry are more expensive than MYE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.16 | ||
| EV/EBITDA | 9.41 |
4.3 Compensation for Growth
- The decent profitability rating of MYE may justify a higher PE ratio.
- MYE's earnings are expected to grow with 19.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)3.35
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.70%, MYE has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.35, MYE pays a bit more dividend than its industry peers.
- MYE's Dividend Yield is a higher than the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.7% |
5.2 History
- The dividend of MYE has a limited annual growth rate of 0.29%.
- 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)0.29%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
- 74.82% of the earnings are spent on dividend by MYE. This is not a sustainable payout ratio.
- The dividend of MYE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP74.82%
EPS Next 2Y19.48%
EPS Next 3YN/A
MYERS INDUSTRIES INC / MYE FAQ
Can you provide the ChartMill fundamental rating for MYERS INDUSTRIES INC?
ChartMill assigns a fundamental rating of 5 / 10 to MYE.
What is the valuation status for MYE stock?
ChartMill assigns a valuation rating of 5 / 10 to MYERS INDUSTRIES INC (MYE). This can be considered as Fairly Valued.
What is the profitability of MYE stock?
MYERS INDUSTRIES INC (MYE) has a profitability rating of 6 / 10.
What is the financial health of MYERS INDUSTRIES INC (MYE) stock?
The financial health rating of MYERS INDUSTRIES INC (MYE) is 5 / 10.
What is the expected EPS growth for MYERS INDUSTRIES INC (MYE) stock?
The Earnings per Share (EPS) of MYERS INDUSTRIES INC (MYE) is expected to decline by -1.91% in the next year.