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 6 out of 10. The analysis compared the fundamentals against 23 industry peers in the Containers & Packaging industry. MYE has only an average score on both its financial health and profitability. MYE may be a bit undervalued, certainly considering the very reasonable score on growth MYE also has an excellent dividend rating.
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.
In the past 5 years MYE always reported a positive cash flow from operatings.
1.2 Ratios
MYE has a worse Return On Assets (0.84%) than 69.57% of its industry peers.
With a Return On Equity value of 2.59%, MYE is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 6.37%, MYE perfoms like the industry average, outperforming 43.48% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MYE is above the industry average of 7.71%.
The 3 year average ROIC (10.60%) for MYE is well above the current ROIC(6.37%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.84% | ||
| ROE | 2.59% | ||
| ROIC | 6.37% |
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 Profit Margin of 0.86%. This is in the lower half of the industry: MYE underperforms 69.57% of its industry peers.
MYE's Profit Margin has declined in the last couple of years.
MYE has a Operating Margin (8.55%) which is comparable to the rest of the industry.
MYE's Operating Margin has improved in the last couple of years.
The Gross Margin of MYE (32.41%) is better than 91.30% of its industry peers.
MYE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.55% | ||
| PM (TTM) | 0.86% | ||
| GM | 32.41% |
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.
MYE has more shares outstanding than it did 5 years ago.
MYE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.69, we must say that MYE is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.69, MYE is doing worse than 65.22% of the companies in the same industry.
The Debt to FCF ratio of MYE is 6.99, which is on the high side as it means it would take MYE, 6.99 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.99, MYE belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
A Debt/Equity ratio of 1.31 is on the high side and indicates that MYE has dependencies on debt financing.
MYE has a Debt to Equity ratio of 1.31. This is comparable to the rest of the industry: MYE outperforms 56.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 6.99 | ||
| Altman-Z | 1.69 |
ROIC/WACC0.71
WACC8.96%
2.3 Liquidity
A Current Ratio of 1.76 indicates that MYE should not have too much problems paying its short term obligations.
MYE's Current ratio of 1.76 is fine compared to the rest of the industry. MYE outperforms 78.26% of its industry peers.
A Quick Ratio of 1.10 indicates that MYE should not have too much problems paying its short term obligations.
MYE has a Quick ratio of 1.10. This is in the better half of the industry: MYE outperforms 78.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The earnings per share for MYE have decreased strongly by -25.71% in the last year.
The Earnings Per Share has been growing slightly by 6.20% on average over the past years.
Looking at the last year, MYE shows a small growth in Revenue. The Revenue has grown by 2.85% in the last 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)-25.71%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%-34.48%
Revenue 1Y (TTM)2.85%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%6.7%
3.2 Future
Based on estimates for the next years, MYE will show a very strong growth in Earnings Per Share. The EPS will grow by 25.04% on average per year.
MYE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.13% yearly.
EPS Next Y24.31%
EPS Next 2Y25.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.53%
Revenue Next 2Y2.13%
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
The Price/Earnings ratio is 9.10, which indicates a very decent valuation of MYE.
Compared to the rest of the industry, the Price/Earnings ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 86.96% of the companies listed in the same industry.
MYE is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.32 indicates a rather cheap valuation of MYE.
Based on the Price/Forward Earnings ratio, MYE is valued cheaper than 95.65% of the companies 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 21.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 7.32 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MYE is valued cheaper than 95.65% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 95.65% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.43 | ||
| EV/EBITDA | 6.4 |
4.3 Compensation for Growth
MYE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MYE's earnings are expected to grow with 25.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)1.47
EPS Next 2Y25.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 5.71%, which is a nice return.
Compared to an average industry Dividend Yield of 3.66, MYE pays a better dividend. On top of this MYE pays more dividend than 95.65% of the companies listed in the same industry.
MYE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.71% |
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
283.74% of the earnings are spent on dividend by MYE. This is not a sustainable payout ratio.
MYE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP283.74%
EPS Next 2Y25.04%
EPS Next 3YN/A
9.46
+0.09 (+0.96%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners91.15%
Inst Owner Change0%
Ins Owners0.96%
Ins Owner Change2.87%
Market Cap352.86M
Analysts45
Price Target22.44 (137.21%)
Short Float %2.08%
Short Ratio2.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.71% |
Yearly Dividend0.55
Dividend Growth(5Y)0.29%
DP283.74%
Div Incr Years0
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)36.74%
Min EPS beat(2)-14.65%
Max EPS beat(2)88.12%
EPS beat(4)2
Avg EPS beat(4)15.75%
Min EPS beat(4)-35.02%
Max EPS beat(4)88.12%
EPS beat(8)4
Avg EPS beat(8)7.93%
EPS beat(12)8
Avg EPS beat(12)13.55%
EPS beat(16)11
Avg EPS beat(16)11.51%
Revenue beat(2)0
Avg Revenue beat(2)-4.06%
Min Revenue beat(2)-7.5%
Max Revenue beat(2)-0.61%
Revenue beat(4)0
Avg Revenue beat(4)-8.22%
Min Revenue beat(4)-15.2%
Max Revenue beat(4)-0.61%
Revenue beat(8)0
Avg Revenue beat(8)-7.47%
Revenue beat(12)3
Avg Revenue beat(12)-4.02%
Revenue beat(16)7
Avg Revenue beat(16)-1.17%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.83%
EPS NY rev (1m)9.4%
EPS NY rev (3m)9.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.53%
Revenue NY rev (1m)-1.68%
Revenue NY rev (3m)-1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 7.32 | ||
| P/S | 0.42 | ||
| P/FCF | 6.43 | ||
| P/OCF | 4.45 | ||
| P/B | 1.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.4 |
EPS(TTM)1.04
EY10.99%
EPS(NY)1.29
Fwd EY13.67%
FCF(TTM)1.47
FCFY15.55%
OCF(TTM)2.13
OCFY22.47%
SpS22.42
BVpS7.44
TBVpS-3.87
PEG (NY)0.37
PEG (5Y)1.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.84% | ||
| ROE | 2.59% | ||
| ROCE | 10.02% | ||
| ROIC | 6.37% | ||
| ROICexc | 6.67% | ||
| ROICexgc | 17.51% | ||
| OM | 8.55% | ||
| PM (TTM) | 0.86% | ||
| GM | 32.41% | ||
| FCFM | 6.56% |
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-Score5
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 6.99 | ||
| Debt/EBITDA | 3.3 | ||
| Cap/Depr | 63.31% | ||
| Cap/Sales | 2.92% | ||
| Interest Coverage | 2.26 | ||
| Cash Conversion | 72.02% | ||
| Profit Quality | 761.8% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 1.69 |
F-Score5
WACC8.96%
ROIC/WACC0.71
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)-25.71%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%-34.48%
EPS Next Y24.31%
EPS Next 2Y25.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.85%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%6.7%
Revenue Next Year1.53%
Revenue Next 2Y2.13%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3.88%
EBIT growth 3Y12.86%
EBIT growth 5Y12.77%
EBIT Next Year65.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-13.36%
FCF growth 3Y26.59%
FCF growth 5Y4.5%
OCF growth 1Y-7.98%
OCF growth 3Y20.86%
OCF growth 5Y7.86%