MYERS INDUSTRIES INC (MYE) Stock Fundamental Analysis
NYSE:MYE - New York Stock Exchange, Inc. - US6284641098 - Common Stock - Currency: USD
Overall MYE gets a fundamental rating of 5 out of 10. We evaluated MYE against 24 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 is cheap, but on the other hand it scores bad on growth. MYE also has an excellent dividend rating.
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.
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 Return On Assets of 1.71%. This is in the lower half of the industry: MYE underperforms 65.22% of its industry peers.
MYE's Return On Equity of 5.60% is in line compared to the rest of the industry. MYE outperforms 43.48% 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.
Measured over the past 3 years, the Average Return On Invested Capital for MYE is significantly above the industry average of 7.64%.
The 3 year average ROIC (13.63%) for MYE is well above the current ROIC(7.62%). The reason for the recent decline needs to be investigated.
| 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
MYE's Profit Margin of 1.88% is on the low side compared to the rest of the industry. MYE is outperformed by 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 in line with its industry peers.
MYE's Operating Margin has improved in the last couple of years.
MYE has a better Gross Margin (31.93%) 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 | 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MYE is 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.
Compared to 1 year ago, MYE has an improved debt to assets ratio.
2.2 Solvency
MYE has an Altman-Z score of 1.66. This is a bad value and indicates that MYE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.66, MYE is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
The Debt to FCF ratio of MYE is 8.53, which is on the high side as it means it would take MYE, 8.53 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 8.53, MYE is doing good in the industry, outperforming 78.26% 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.
MYE has a Debt to Equity ratio (1.36) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 8.53 | ||
| Altman-Z | 1.66 |
ROIC/WACC0.92
WACC8.24%
2.3 Liquidity
A Current Ratio of 1.80 indicates that MYE should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.80, MYE is doing good in the industry, outperforming 73.91% of the companies in the same industry.
A Quick Ratio of 1.11 indicates that MYE should not have too much problems paying its short term obligations.
MYE has a Quick ratio of 1.11. This is in the better half of the industry: MYE outperforms 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
MYE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.28%.
MYE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.12% yearly.
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.
The Revenue is expected to grow by 3.17% on average over the next years.
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
Based on the Price/Earnings ratio of 8.61, the valuation of MYE can be described as reasonable.
Based on the Price/Earnings ratio, MYE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.75. MYE is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 8.30, the valuation of MYE can be described as reasonable.
Based on the Price/Forward Earnings ratio, MYE is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.44, MYE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.61 | ||
| Fwd PE | 8.3 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 95.65% of the companies listed 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 | 7.86 | ||
| EV/EBITDA | 7.02 |
4.3 Compensation for Growth
MYE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.71
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.07%, MYE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.19, MYE pays a better dividend. On top of this MYE pays more dividend than 95.65% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, MYE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.07% |
5.2 History
The dividend of MYE has a limited annual growth rate of 0.36%.
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)0.36%
Div Incr Years0
Div Non Decr Years34
5.3 Sustainability
MYE pays out 131.85% 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.
DP131.85%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
9.81
-1.15 (-10.49%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners91.15%
Inst Owner Change-2.81%
Ins Owners0.96%
Ins Owner Change1.8%
Market Cap365.52M
Analysts45
Price Target22.44 (128.75%)
Short Float %2.13%
Short Ratio2.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.07% |
Yearly Dividend0.55
Dividend Growth(5Y)0.36%
DP131.85%
Div Incr Years0
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.96%
Min EPS beat(2)-14.65%
Max EPS beat(2)24.56%
EPS beat(4)2
Avg EPS beat(4)-3.67%
Min EPS beat(4)-35.02%
Max EPS beat(4)24.56%
EPS beat(8)4
Avg EPS beat(8)-1.93%
EPS beat(12)8
Avg EPS beat(12)6.91%
EPS beat(16)10
Avg EPS beat(16)3.92%
Revenue beat(2)0
Avg Revenue beat(2)-8.53%
Min Revenue beat(2)-9.56%
Max Revenue beat(2)-7.5%
Revenue beat(4)0
Avg Revenue beat(4)-8.38%
Min Revenue beat(4)-15.2%
Max Revenue beat(4)-1.26%
Revenue beat(8)0
Avg Revenue beat(8)-7.96%
Revenue beat(12)4
Avg Revenue beat(12)-3.59%
Revenue beat(16)8
Avg Revenue beat(16)-0.78%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.61 | ||
| Fwd PE | 8.3 | ||
| P/S | 0.44 | ||
| P/FCF | 7.86 | ||
| P/OCF | 5.43 | ||
| P/B | 1.33 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.02 |
EPS(TTM)1.14
EY11.62%
EPS(NY)1.18
Fwd EY12.05%
FCF(TTM)1.25
FCFY12.72%
OCF(TTM)1.81
OCFY18.42%
SpS22.1
BVpS7.4
TBVpS-4.71
PEG (NY)N/A
PEG (5Y)0.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.6% | ||
| ROCE | 10.08% | ||
| ROIC | 7.62% | ||
| ROICexc | 7.93% | ||
| ROICexgc | 21.13% | ||
| OM | 9.2% | ||
| PM (TTM) | 1.88% | ||
| GM | 31.93% | ||
| FCFM | 5.64% |
ROA(3y)9.02%
ROA(5y)8.63%
ROE(3y)18.74%
ROE(5y)18.05%
ROIC(3y)13.63%
ROIC(5y)12.95%
ROICexc(3y)14.56%
ROICexc(5y)14.67%
ROICexgc(3y)24.3%
ROICexgc(5y)26.75%
ROCE(3y)18.05%
ROCE(5y)17.14%
ROICexcg growth 3Y-4.57%
ROICexcg growth 5Y40.07%
ROICexc growth 3Y2.77%
ROICexc growth 5Y43.03%
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%
F-Score4
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 8.53 | ||
| Debt/EBITDA | 3.4 | ||
| Cap/Depr | 60.23% | ||
| Cap/Sales | 2.53% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.98% | ||
| Profit Quality | 300.97% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.66 |
F-Score4
WACC8.24%
ROIC/WACC0.92
Cap/Depr(3y)100.11%
Cap/Depr(5y)81.61%
Cap/Sales(3y)2.62%
Cap/Sales(5y)2.5%
Profit Quality(3y)96.81%
Profit Quality(5y)112.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.28%
EPS 3Y17.64%
EPS 5Y12.12%
EPS Q2Q%-34.21%
EPS Next Y-31.46%
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.36%
Revenue growth 3Y16.79%
Revenue growth 5Y7.49%
Sales Q2Q%3.67%
Revenue Next Year2.7%
Revenue Next 2Y2.99%
Revenue Next 3Y3.17%
Revenue Next 5YN/A
EBIT growth 1Y3.13%
EBIT growth 3Y17.87%
EBIT growth 5Y60.88%
EBIT Next Year61.6%
EBIT Next 3Y25.85%
EBIT Next 5YN/A
FCF growth 1Y-23.68%
FCF growth 3Y24.15%
FCF growth 5Y2.44%
OCF growth 1Y-18%
OCF growth 3Y22.82%
OCF growth 5Y7.07%