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MLI

Mueller Industries NYSE:MLI Stock Report

Last Price

US$54.02

Market Cap

US$3.1b

7D

6.2%

1Y

25.5%

Updated

27 Jun, 2022

Data

Company Financials
MLI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

MLI Stock Overview

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico.

Mueller Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mueller Industries
Historical stock prices
Current Share PriceUS$54.02
52 Week HighUS$63.07
52 Week LowUS$39.00
Beta1.1
1 Month Change-0.73%
3 Month Change-7.44%
1 Year Change25.54%
3 Year Change82.99%
5 Year Change74.09%
Change since IPO3,741.42%

Recent News & Updates

Jun 26
Mueller Industries (NYSE:MLI) Has A Rock Solid Balance Sheet

Mueller Industries (NYSE:MLI) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Jun 13

Mueller Industries: Prudent And Balanced Growth At A Reasonable Price

Mueller Industries benefitted from rising prices of copper and increased construction activity in 2021 and so far in 2022 despite headwinds. Recent acquisitions and disciplined capital allocation support future growth and stockholder returns in the form of share buybacks and a 92% increase in the quarterly dividend. The company's balance sheet is strong and supports continued growth as confidence in construction activities remains positive.

May 15
Do Mueller Industries's (NYSE:MLI) Earnings Warrant Your Attention?

Do Mueller Industries's (NYSE:MLI) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

MLIUS MachineryUS Market
7D6.2%1.8%6.3%
1Y25.5%-19.8%-18.8%

Return vs Industry: MLI exceeded the US Machinery industry which returned -20.1% over the past year.

Return vs Market: MLI exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is MLI's price volatile compared to industry and market?
MLI volatility
MLI Average Weekly Movement5.6%
Machinery Industry Average Movement6.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: MLI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MLI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19175,337Greg Christopherhttps://www.muellerindustries.com

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling.

Mueller Industries Fundamentals Summary

How do Mueller Industries's earnings and revenue compare to its market cap?
MLI fundamental statistics
Market CapUS$3.07b
Earnings (TTM)US$563.73m
Revenue (TTM)US$3.96b

5.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLI income statement (TTM)
RevenueUS$3.96b
Cost of RevenueUS$3.02b
Gross ProfitUS$946.12m
Other ExpensesUS$382.39m
EarningsUS$563.73m

Last Reported Earnings

Mar 26, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.91
Gross Margin23.88%
Net Profit Margin14.23%
Debt/Equity Ratio0.1%

How did MLI perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

6%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MLI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MLI?

Other financial metrics that can be useful for relative valuation.

MLI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA3.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MLI's PE Ratio compare to its peers?

MLI PE Ratio vs Peers
The above table shows the PE ratio for MLI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.1x
HI Hillenbrand
15.3x15.7%US$3.0b
FELE Franklin Electric
21.8x10.3%US$3.4b
HLIO Helios Technologies
19.1x13.0%US$2.2b
GTES Gates Industrial
12.1x4.4%US$3.2b
MLI Mueller Industries
5.5xn/aUS$3.1b

Price-To-Earnings vs Peers: MLI is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (17.1x).


Price to Earnings Ratio vs Industry

How does MLI's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Earnings vs Industry: MLI is good value based on its Price-To-Earnings Ratio (5.5x) compared to the US Machinery industry average (21.7x)


Price to Earnings Ratio vs Fair Ratio

What is MLI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MLI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MLI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MLI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MLI ($54.02) is trading below our estimate of fair value ($245.69)

Significantly Below Fair Value: MLI is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MLI's PEG Ratio to determine if it is good value.


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Future Growth

How is Mueller Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.0%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mueller Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Mueller Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Mueller Industries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mueller Industries performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


39.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLI has high quality earnings.

Growing Profit Margin: MLI's current net profit margins (14.2%) are higher than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: MLI's earnings have grown significantly by 39.3% per year over the past 5 years.

Accelerating Growth: MLI's earnings growth over the past year (231.9%) exceeds its 5-year average (39.3% per year).

Earnings vs Industry: MLI earnings growth over the past year (231.9%) exceeded the Machinery industry 24%.


Return on Equity

High ROE: MLI's Return on Equity (40.5%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Mueller Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MLI's short term assets ($1.2B) exceed its short term liabilities ($451.6M).

Long Term Liabilities: MLI's short term assets ($1.2B) exceed its long term liabilities ($88.2M).


Debt to Equity History and Analysis

Debt Level: MLI has more cash than its total debt.

Reducing Debt: MLI's debt to equity ratio has reduced from 92.4% to 0.1% over the past 5 years.

Debt Coverage: MLI's debt is well covered by operating cash flow (20792.7%).

Interest Coverage: MLI's interest payments on its debt are well covered by EBIT (235.7x coverage).


Balance Sheet


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Dividend

What is Mueller Industries's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MLI's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: MLI's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (4.23%).


Stability and Growth of Payments

Stable Dividend: MLI's dividends per share have been stable in the past 10 years.

Growing Dividend: MLI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (6.4%), MLI's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (15.4%), MLI's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Greg Christopher (59 yo)

13.67yrs

Tenure

US$10,841,767

Compensation

Mr. Gregory L. Christopher, also known as Greg, has been the Chairman and Chief Executive Officer of Mueller Industries Inc. since January 1, 2016 and October 30, 2008 respectively. Mr. Christopher served...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD10.84M) is above average for companies of similar size in the US market ($USD6.87M).

Compensation vs Earnings: Greg's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MLI's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: MLI's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MLI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mueller Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mueller Industries, Inc.
  • Ticker: MLI
  • Exchange: NYSE
  • Founded: 1917
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$3.074b
  • Shares outstanding: 56.90m
  • Website: https://www.muellerindustries.com

Number of Employees


Location

  • Mueller Industries, Inc.
  • 150 Schilling Boulevard
  • Suite 100
  • Collierville
  • Tennessee
  • 38017
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/26
Annual Earnings2021/12/25


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.