MYERS INDUSTRIES INC (MYE)
US6284641098 - Common Stock
Taking everything into account, MYE scores 5 out of 10 in our fundamental rating. MYE was compared to 24 industry peers in the Containers & Packaging industry. There are concerns on the financial health of MYE while its profitability can be described as average. MYE is valued quite cheap, but it does not seem to be growing. Finally 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.
Each year in the past 5 years MYE had a positive operating cash flow.
1.2 Ratios
MYE has a worse Return On Assets (1.71%) than 65.22% of its industry peers.
MYE's Return On Equity of 5.60% is on the low side compared to the rest of the industry. MYE is outperformed by 60.87% of its industry peers.
MYE has a Return On Invested Capital of 7.62%. This is in the better half of the industry: MYE outperforms 60.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MYE is significantly below the industry average of 382232.95%.
The last Return On Invested Capital (7.62%) for MYE is well below the 3 year average (13.63%), which needs to be investigated, but indicates that MYE had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.6% | ||
| ROIC | 7.62% |
ROA(3y)9.02%
ROA(5y)8.63%
ROE(3y)18.74%
ROE(5y)18.05%
ROIC(3y)13.63%
ROIC(5y)12.95%
1.3 Margins
The Profit Margin of MYE (1.88%) is worse than 65.22% of its industry peers.
MYE's Profit Margin has declined in the last couple of years.
MYE has a Operating Margin (9.20%) which is comparable to the rest of the industry.
MYE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 31.93%, MYE belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
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 | 9.2% | ||
| PM (TTM) | 1.88% | ||
| GM | 31.93% |
OM growth 3Y0.92%
OM growth 5Y49.68%
PM growth 3Y-5.89%
PM growth 5YN/A
GM growth 3Y-1.85%
GM growth 5Y0.13%
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.
Compared to 1 year ago, MYE has an improved debt to assets ratio.
2.2 Solvency
MYE has an Altman-Z score of 1.69. This is a bad value and indicates that MYE is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of MYE (1.69) is worse than 65.22% of its industry peers.
MYE has a debt to FCF ratio of 8.53. This is a slightly negative value and a sign of low solvency as MYE would need 8.53 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.53, MYE is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
MYE has a Debt/Equity ratio of 1.36. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.36, MYE is in line with its industry, outperforming 56.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 8.53 | ||
| Altman-Z | 1.69 |
ROIC/WACC0.91
WACC8.41%
2.3 Liquidity
MYE has a Current Ratio of 1.80. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE has a Current ratio of 1.80. This is in the better half of the industry: MYE outperforms 60.87% of its industry peers.
MYE has a Quick Ratio of 1.11. This is a normal value and indicates that MYE is financially healthy and should not expect problems in meeting its short term obligations.
MYE has a Quick ratio (1.11) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for MYE have decreased strongly by -20.28% in the last year.
Measured over the past years, MYE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.12% on average per year.
MYE shows a decrease in Revenue. In the last year, the revenue decreased by -1.36%.
Measured over the past years, MYE shows a small growth in Revenue. The Revenue has been growing by 7.49% on average per year.
EPS 1Y (TTM)-20.28%
EPS 3Y17.64%
EPS 5Y12.12%
EPS Q2Q%-34.21%
Revenue 1Y (TTM)-1.36%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Sales Q2Q%3.67%
3.2 Future
MYE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.46% yearly.
Based on estimates for the next years, MYE will show a small growth in Revenue. The Revenue will grow by 3.17% on average per year.
EPS Next Y-31.46%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
EPS Next 5YN/A
Revenue Next Year2.7%
Revenue Next 2Y2.99%
Revenue Next 3Y3.17%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MYE is valuated reasonably with a Price/Earnings ratio of 9.85.
91.30% of the companies in the same industry are more expensive than MYE, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.96, MYE is valued rather cheaply.
MYE is valuated reasonably with a Price/Forward Earnings ratio of 9.50.
86.96% of the companies in the same industry are more expensive than MYE, based on the Price/Forward Earnings ratio.
MYE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.85 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
91.30% of the companies in the same industry are more expensive than MYE, based on the Enterprise Value to EBITDA ratio.
91.30% 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 | 9 | ||
| EV/EBITDA | 7.27 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.81
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 4.60%, which is a nice return.
In the last 3 months the price of MYE has falen by -25.78%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
MYE's Dividend Yield is rather good when compared to the industry average which is at 2.88. MYE pays more dividend than 91.30% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, MYE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
5.2 History
The dividend of MYE has a limited annual growth rate of 0.36%.
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)0.36%
Div Incr Years0
Div Non Decr Years33
5.3 Sustainability
131.85% 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.
DP131.85%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
MYERS INDUSTRIES INC
NYSE:MYE (11/21/2024, 8:04:00 PM)
After market: 11.25 +0.02 (+0.18%)11.23
-0.47 (-4.02%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap418.43M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.85 | ||
| Fwd PE | 9.5 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.2% | ||
| PM (TTM) | 1.88% | ||
| GM | 31.93% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-20.28%
EPS 3Y17.64%
EPS 5Y
EPS Q2Q%
EPS Next Y-31.46%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.36%
Revenue growth 3Y16.79%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y