MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
20.63 USD
+0.19 (+0.93%)
20.92 USD
+0.29 (+1.41%)
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. MYE has only an average score on both its financial health and profitability. MYE is not valued too expensively and it also shows a decent growth rate.
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.
- Each year in the past 5 years MYE has been profitable.
- Each year in the past 5 years MYE had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of MYE (3.23%) is comparable to the rest of the industry.
- The Return On Equity of MYE (9.73%) is comparable to the rest of the industry.
- MYE's Return On Invested Capital of 7.06% is fine compared to the rest of the industry. MYE outperforms 63.64% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital 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
- The Profit Margin of MYE (3.38%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of MYE has declined.
- MYE's Operating Margin of 9.31% is in line compared to the rest of the industry. MYE outperforms 59.09% of its industry peers.
- In the last couple of years the Operating Margin of MYE has grown nicely.
- MYE's Gross Margin of 33.39% is amongst the best of the industry. MYE outperforms 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.
- 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 worse debt/assets ratio than last year.
2.2 Solvency
- MYE has an Altman-Z score of 2.15. This is not the best score and indicates that MYE is in the grey zone with still only limited risk for bankruptcy at the moment.
- MYE has a Altman-Z score (2.15) which is in line with its industry peers.
- MYE has a debt to FCF ratio of 5.42. This is a neutral value as MYE would need 5.42 years to pay back of all of its debts.
- MYE has a better Debt to FCF ratio (5.42) than 95.45% of its industry peers.
- A Debt/Equity ratio of 1.18 is on the high side and indicates that MYE has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.18, MYE is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.42 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.74
WACC9.53%
2.3 Liquidity
- A Current Ratio of 1.67 indicates that MYE should not have too much problems paying its short term obligations.
- With a decent Current ratio value of 1.67, MYE is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- 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.
- Looking at the Quick ratio, with a value of 1.09, MYE is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
| 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
- The Earnings Per Share is expected to grow by 19.48% on average over the next years. This is quite good.
- The Revenue is expected to decrease by -0.17% on average over the next years.
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 21.05, the valuation of MYE can be described as rather expensive.
- MYE's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 28.82. MYE is valued slightly cheaper when compared to this.
- MYE is valuated correctly with a Price/Forward Earnings ratio of 13.90.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MYE indicates a somewhat cheap valuation: MYE is cheaper than 63.64% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.95. MYE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.05 | ||
| Fwd PE | 13.9 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MYE is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
- MYE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MYE is cheaper than 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.33 | ||
| EV/EBITDA | 9.42 |
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)3.4
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.66%, MYE has a reasonable but not impressive dividend return.
- MYE's Dividend Yield is a higher than the industry average which is at 2.38.
- Compared to an average S&P500 Dividend Yield of 1.82, MYE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
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
- 74.82% 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.
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.