MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
19.6 USD
0 (0%)
19.6 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
MYE had positive earnings in the past year.
In the past year MYE had a positive cash flow from operations.
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
MYE has a Return On Assets (3.23%) which is comparable to the rest of the industry.
MYE has a Return On Equity (9.73%) which is in line with its industry peers.
MYE has a Return On Invested Capital of 7.06%. This is in the better half of the industry: MYE outperforms 63.64% of its industry peers.
MYE had an Average Return On Invested Capital over the past 3 years of 10.60%. This 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.
MYE's Profit Margin has declined in the last couple of years.
MYE has a Operating Margin of 9.31%. This is comparable to the rest of the industry: MYE outperforms 59.09% of its industry peers.
MYE's Operating Margin has improved in the last couple of years.
The Gross Margin of MYE (33.39%) is better 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MYE is creating some value.
Compared to 1 year ago, MYE has more shares outstanding
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 2.11 indicates that MYE is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.11, MYE perfoms like the industry average, outperforming 59.09% of the companies in the same 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.
MYE's Debt to FCF ratio of 5.42 is amongst the best of the industry. MYE outperforms 95.45% of its industry peers.
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 | 2.11 |
ROIC/WACC0.74
WACC9.48%
2.3 Liquidity
A Current Ratio of 1.67 indicates that MYE should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.67, MYE is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
A Quick Ratio of 1.09 indicates that MYE should not have too much problems paying its short term obligations.
MYE's Quick ratio of 1.09 is fine compared to the rest of the industry. MYE outperforms 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.
Looking at the last year, MYE shows a small growth in Revenue. The Revenue has grown by 0.26% in the last year.
The Revenue has been growing by 10.15% on average over the past years. This is quite good.
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.
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
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
A Price/Earnings ratio of 20.00 indicates a rather expensive valuation of MYE.
Compared to the rest of the industry, the Price/Earnings ratio of MYE is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.19. MYE is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 13.20, MYE is valued correctly.
MYE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MYE is cheaper than 68.18% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, MYE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20 | ||
| Fwd PE | 13.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MYE is valued a bit cheaper than 63.64% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MYE is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.76 | ||
| EV/EBITDA | 9.09 |
4.3 Compensation for Growth
MYE has a very decent profitability rating, which 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)3.23
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 2.76%.
MYE's Dividend Yield is a higher than the industry average which is at 2.39.
Compared to an average S&P500 Dividend Yield of 1.92, MYE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.29%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 74.82% 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.
DP74.82%
EPS Next 2Y19.48%
EPS Next 3YN/A
19.6
0 (0%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners90.53%
Inst Owner Change0%
Ins Owners1.14%
Ins Owner Change0.96%
Market Cap733.24M
Revenue(TTM)825.64M
Net Income(TTM)27.89M
Analysts80
Price Target21.42 (9.29%)
Short Float %1.55%
Short Ratio2.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
Yearly Dividend0.55
Dividend Growth(5Y)0.29%
DP74.82%
Div Incr Years0
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.56%
Min EPS beat(2)-4.08%
Max EPS beat(2)2.97%
EPS beat(4)3
Avg EPS beat(4)25.41%
Min EPS beat(4)-4.08%
Max EPS beat(4)88.12%
EPS beat(8)5
Avg EPS beat(8)10.87%
EPS beat(12)7
Avg EPS beat(12)7.19%
EPS beat(16)11
Avg EPS beat(16)11.54%
Revenue beat(2)1
Avg Revenue beat(2)-1.81%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)2.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.31%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)2.31%
Revenue beat(8)1
Avg Revenue beat(8)-4.85%
Revenue beat(12)1
Avg Revenue beat(12)-5.74%
Revenue beat(16)5
Avg Revenue beat(16)-3.02%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20 | ||
| Fwd PE | 13.2 | ||
| P/S | 0.89 | ||
| P/FCF | 10.76 | ||
| P/OCF | 8.01 | ||
| P/B | 2.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.09 |
EPS(TTM)0.98
EY5%
EPS(NY)1.48
Fwd EY7.57%
FCF(TTM)1.82
FCFY9.29%
OCF(TTM)2.45
OCFY12.48%
SpS22.07
BVpS7.66
TBVpS-3.32
PEG (NY)N/A
PEG (5Y)3.23
Graham Number13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 9.73% | ||
| ROCE | 11.1% | ||
| ROIC | 7.06% | ||
| ROICexc | 7.58% | ||
| ROICexgc | 20.92% | ||
| OM | 9.31% | ||
| PM (TTM) | 3.38% | ||
| GM | 33.39% | ||
| FCFM | 8.25% |
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%
ROICexgc growth 3Y2.64%
ROICexgc 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-Score8
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.42 | ||
| Debt/EBITDA | 2.92 | ||
| Cap/Depr | 59.55% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.82% | ||
| Profit Quality | 244.21% | ||
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 2.11 |
F-Score8
WACC9.48%
ROIC/WACC0.74
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)-14.04%
EPS 3Y2.35%
EPS 5Y6.2%
EPS Q2Q%4%
EPS Next Y-1.91%
EPS Next 2Y19.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.26%
Revenue growth 3Y3.18%
Revenue growth 5Y10.15%
Sales Q2Q%0.18%
Revenue Next Year-1.3%
Revenue Next 2Y-0.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.14%
EBIT growth 3Y12.86%
EBIT growth 5Y12.77%
EBIT Next Year51.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.18%
FCF growth 3Y26.59%
FCF growth 5Y4.5%
OCF growth 1Y-1.23%
OCF growth 3Y20.86%
OCF growth 5Y7.86%
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.