MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
20.125 USD
-0.5 (-2.45%)
MYE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 22 industry peers in the Containers & Packaging industry. MYE has only an average score on both its financial health and profitability. MYE has a decent growth rate and is not valued too expensively.
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.
- 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
- With a Return On Assets value of 3.23%, MYE perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
- MYE has a Return On Equity of 9.73%. This is comparable to the rest of the industry: MYE outperforms 59.09% of its industry peers.
- MYE has a better Return On Invested Capital (7.06%) than 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
- With a Profit Margin value of 3.38%, MYE perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
- In the last couple of years the Profit Margin of MYE has declined.
- Looking at the Operating Margin, with a value of 9.31%, MYE is in line with its industry, outperforming 59.09% of the companies in the same industry.
- In the last couple of years the Operating Margin of MYE has grown nicely.
- With an excellent Gross Margin value of 33.39%, MYE belongs to the best of the industry, outperforming 86.36% of the companies in the same industry.
- MYE's Gross Margin has been stable in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MYE is still creating some value.
- Compared to 1 year ago, MYE has more shares outstanding
- MYE has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for MYE is higher compared to a year ago.
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.
- Looking at the Altman-Z score, with a value of 2.15, MYE is in line with its industry, outperforming 54.55% 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 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.
- MYE has a Debt to Equity ratio of 1.18. This is comparable to the rest of the industry: MYE outperforms 50.00% of its industry peers.
| 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.
- With a decent Quick ratio value of 1.09, MYE is doing good in 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
- The earnings per share for MYE have decreased strongly by -14.04% in the last year.
- MYE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.20% yearly.
- Looking at the last year, MYE shows a small growth in Revenue. The Revenue has grown by 0.26% 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)-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
- Based on estimates for the next years, MYE will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.48% on average per year.
- 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
- MYE is valuated rather expensively with a Price/Earnings ratio of 20.54.
- The rest of the industry has a similar Price/Earnings ratio as MYE.
- When comparing the Price/Earnings ratio of MYE to the average of the S&P500 Index (28.82), we can say MYE is valued slightly cheaper.
- A Price/Forward Earnings ratio of 13.55 indicates a correct valuation of MYE.
- Based on the Price/Forward Earnings ratio, MYE is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
- 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 | 20.54 | ||
| Fwd PE | 13.55 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MYE indicates a somewhat cheap valuation: MYE is cheaper than 63.64% of the companies listed in the same industry.
- 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 | 11.05 | ||
| EV/EBITDA | 9.42 |
4.3 Compensation for Growth
- The decent profitability rating of MYE may justify a higher PE ratio.
- A more expensive valuation may be justified as MYE's earnings are expected to grow with 19.48% in the coming years.
PEG (NY)N/A
PEG (5Y)3.31
EPS Next 2Y19.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- MYE has a Yearly Dividend Yield of 2.66%.
- Compared to an average industry Dividend Yield of 2.38, 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 1.82.
| 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 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
- 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
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.