MYERS INDUSTRIES INC (MYE)
US6284641098 - Common Stock
MYE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 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.
MYE had a positive operating cash flow in the past year.
Each year in the past 5 years MYE has been profitable.
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.
Looking at the Return On Equity, with a value of 5.60%, MYE is in line with its industry, outperforming 43.48% of the companies in the same industry.
MYE has a Return On Invested Capital (7.62%) which is in line with its industry peers.
MYE had an Average Return On Invested Capital over the past 3 years of 13.63%. This is significantly below the industry average of 382233.10%.
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 has a worse Profit Margin (1.88%) than 65.22% of its industry peers.
In the last couple of years the Profit Margin of MYE has declined.
Looking at the Operating Margin, with a value of 9.20%, MYE is in line with its industry, outperforming 52.17% of the companies in the same industry.
In the last couple of years the Operating Margin of MYE has grown nicely.
MYE has a better Gross Margin (31.93%) than 86.96% 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.
The number of shares outstanding for MYE has been increased compared to 1 year ago.
The number of shares outstanding for MYE has been increased compared to 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 1.68. This is a bad value and indicates that MYE is not financially healthy and even has some risk of bankruptcy.
MYE's Altman-Z score of 1.68 is on the low side compared to the rest of the industry. MYE is outperformed by 65.22% of its industry peers.
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.
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.
A Debt/Equity ratio of 1.36 is on the high side and indicates that MYE has dependencies on debt financing.
The Debt to Equity ratio of MYE (1.36) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.36 | ||
| Debt/FCF | 8.53 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.89
WACC8.56%
2.3 Liquidity
A Current Ratio of 1.80 indicates that MYE should not have too much problems paying its short term obligations.
MYE's Current ratio of 1.80 is fine compared to the rest of the industry. MYE outperforms 69.57% 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 of 1.11. This is comparable to the rest of the industry: MYE outperforms 56.52% 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%.
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%.
MYE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.49% yearly.
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
With a Price/Earnings ratio of 10.00, the valuation of MYE can be described as very reasonable.
Based on the Price/Earnings ratio, MYE is valued cheaply inside the industry as 95.65% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MYE to the average of the S&P500 Index (27.73), we can say MYE is valued rather cheaply.
The Price/Forward Earnings ratio is 9.65, which indicates a very decent valuation of MYE.
91.30% of the companies in the same industry are more expensive than MYE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MYE to the average of the S&P500 Index (22.83), we can say MYE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | 9.65 |
4.2 Price Multiples
95.65% of the companies in the same industry are more expensive than MYE, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MYE indicates a rather cheap valuation: MYE is cheaper than 82.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.14 | ||
| EV/EBITDA | 7.16 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.82
EPS Next 2Y-8.13%
EPS Next 3Y4.46%
5. Dividend
5.1 Amount
MYE has a Yearly Dividend Yield of 4.66%, which is a nice return.
Compared to an average industry Dividend Yield of 3.07, MYE pays a better dividend. On top of this MYE pays more dividend than 91.30% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, MYE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.66% |
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
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 (12/20/2024, 8:26:21 PM)
After market: 11.4 0 (0%)11.4
-0.2 (-1.72%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners94.77%
Inst Owner Change-0.38%
Ins Owners0.89%
Ins Owner Change1.8%
Market Cap424.76M
Analysts45
Price Target22.44 (96.84%)
Short Float %2.55%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.66% |
Dividend Growth(5Y)0.36%
DP131.85%
Div Incr Years0
Div Non Decr Years34
Ex-Date
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)-18.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-72.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | 9.65 | ||
| P/S | 0.52 | ||
| P/FCF | 9.14 | ||
| P/OCF | 6.31 | ||
| P/B | 1.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.16 |
EPS(TTM)1.14
EY10%
EPS(NY)1.18
Fwd EY10.37%
FCF(TTM)1.25
FCFY10.94%
OCF(TTM)1.81
OCFY15.85%
SpS22.1
BVpS7.4
TBVpS-4.71
PEG (NY)N/A
PEG (5Y)0.82
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 | 1.68 |
F-Score4
WACC8.56%
ROIC/WACC0.89
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%