Myers Industries, Inc. (MYE)

NYSE: MYE · IEX Real-Time Price · USD
23.17
-0.05 (-0.22%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

MYE has a market cap or net worth of $854.23 million. The enterprise value is $919.43 million.

Market Cap 854.23M
Enterprise Value 919.43M

Important Dates

The last earnings date was Tuesday, March 5, 2024, before market open.

Earnings Date Mar 5, 2024
Ex-Dividend Date Mar 14, 2024

Share Statistics

MYE has 36.87 million shares outstanding. The number of shares has increased by 0.93% in one year.

Shares Outstanding 36.87M
Shares Change (YoY) +0.93%
Shares Change (QoQ) +0.08%
Owned by Insiders (%) 1.54%
Owned by Institutions (%) 91.80%
Float 36.26M

Valuation Ratios

The trailing PE ratio is 17.55 and the forward PE ratio is 16.74. MYE's PEG ratio is 14.87.

PE Ratio 17.55
Forward PE 16.74
PS Ratio 1.05
Forward PS 0.89
PB Ratio 2.92
P/FCF Ratio 13.44
PEG Ratio 14.87
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.66, with an EV/FCF ratio of 14.46.

EV / Earnings 18.81
EV / Sales 1.13
EV / EBITDA 9.66
EV / EBIT 12.70
EV / FCF 14.46

Financial Position

The company has a current ratio of 1.55, with a Debt / Equity ratio of 0.33.

Current Ratio 1.55
Quick Ratio 0.96
Debt / Equity 0.33
Debt / EBITDA 1.00
Debt / FCF 1.50
Interest Coverage 11.40

Financial Efficiency

Return on equity (ROE) is 17.50% and return on invested capital (ROIC) is 13.79%.

Return on Equity (ROE) 17.50%
Return on Assets (ROA) 9.00%
Return on Capital (ROIC) 13.79%
Revenue Per Employee $325,227
Profits Per Employee $19,547
Employee Count 2,500
Asset Turnover 1.50
Inventory Turnover 6.02

Taxes

In the past 12 months, MYE has paid $17.19 million in taxes.

Income Tax 17.19M
Effective Tax Rate 26.02%

Stock Price Statistics

The stock price has increased by +8.22% in the last 52 weeks. The beta is 1.30, so MYE's price volatility has been higher than the market average.

Beta (1Y) 1.30
52-Week Price Change +8.22%
50-Day Moving Average 20.00
200-Day Moving Average 18.84
Relative Strength Index (RSI) 76.59
Average Volume (30 Days) 277,814

Short Selling Information

The latest short interest is 801,958, so 2.18% of the outstanding shares have been sold short.

Short Interest 801,958
Short Previous Month 493,765
Short % of Shares Out 2.18%
Short % of Float 2.21%
Short Ratio (days to cover) 2.18

Income Statement

In the last 12 months, MYE had revenue of $813.07 million and earned $48.87 million in profits. Earnings per share was $1.32.

Revenue 813.07M
Gross Profit 259.09M
Operating Income 72.41M
Pretax Income 66.06M
Net Income 48.87M
EBITDA 95.19M
EBIT 72.41M
Earnings Per Share (EPS) $1.32
Full Income Statement

Balance Sheet

The company has $30.29 million in cash and $95.49 million in debt, giving a net cash position of -$65.20 million or -$1.77 per share.

Cash & Cash Equivalents 30.29M
Total Debt 95.49M
Net Cash -65.20M
Net Cash Per Share -$1.77
Equity / Book Value 292.80M
Book Value Per Share 7.94
Working Capital 91.51M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $86.17 million and capital expenditures -$22.60 million, giving a free cash flow of $63.58 million.

Operating Cash Flow 86.17M
Capital Expenditures -22.60M
Free Cash Flow 63.58M
FCF Per Share $1.73
Full Cash Flow Statement

Margins

Gross margin is 31.87%, with operating and profit margins of 8.91% and 6.01%.

Gross Margin 31.87%
Operating Margin 8.91%
Pretax Margin 8.12%
Profit Margin 6.01%
EBITDA Margin 11.71%
EBIT Margin 8.91%
FCF Margin 7.82%

Dividends & Yields

This stock pays an annual dividend of $0.54, which amounts to a dividend yield of 2.33%.

Dividend Per Share $0.54
Dividend Yield 2.33%
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio 40.91%
Buyback Yield -0.93%
Shareholder Yield 1.40%
Earnings Yield 5.72%
FCF Yield 7.44%
Dividend Details

Analyst Forecast

The average price target for MYE is $30.00, which is 29.48% higher than the current price. The consensus rating is "Buy".

Price Target $30.00
Price Target Difference 29.48%
Analyst Consensus Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on August 11, 2004. It was a forward split with a ratio of 11:10.

Last Split Date Aug 11, 2004
Split Type Forward
Split Ratio 11:10

Scores

MYE has an Altman Z-Score of 4.11 and a Piotroski F-Score of 6.

Altman Z-Score 4.11
Piotroski F-Score 6