Mueller Industries
Market Cap
US$2.4b
Last Updated
2021/03/07 00:08 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with solid track record.
Similar Companies
Share Price & News
How has Mueller Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MLI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MLI's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
2.1%
MLI
2.2%
US Machinery
-0.4%
US Market
1 Year Return
52.4%
MLI
57.1%
US Machinery
36.2%
US Market
Return vs Industry: MLI underperformed the US Machinery industry which returned 57.1% over the past year.
Return vs Market: MLI exceeded the US Market which returned 36.2% over the past year.
Shareholder returns
| MLI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 2.2% | -0.4% |
| 30 Day | 14.6% | 7.0% | -2.3% |
| 90 Day | 22.6% | 14.0% | 5.0% |
| 1 Year | 54.7%52.4% | 60.9%57.1% | 39.1%36.2% |
| 3 Year | 56.6%49.9% | 45.5%35.1% | 48.4%39.0% |
| 5 Year | 71.1%48.1% | 157.7%131.3% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is Mueller Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Mueller Industries, Inc.'s (NYSE:MLI) 1.1% Dividend Yield Looks Pretty Interesting3 weeks ago | Simply Wall St
This Insider Has Just Sold Shares In Mueller Industries, Inc. (NYSE:MLI)1 month ago | Simply Wall St
Mueller Industries (NYSE:MLI) Is Growing Earnings But Are They A Good Guide?Valuation
Is Mueller Industries undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MLI ($41.49) is trading below our estimate of fair value ($94.03)
Significantly Below Fair Value: MLI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MLI is good value based on its PE Ratio (16.6x) compared to the US Machinery industry average (34.4x).
PE vs Market: MLI is good value based on its PE Ratio (16.6x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MLI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MLI is good value based on its PB Ratio (3x) compared to the US Machinery industry average (3.2x).
Next Steps
Future Growth
How is Mueller Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-38.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MLI's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if MLI's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MLI's revenue is expected to decline over the next 3 years (-38.9% per year).
High Growth Revenue: MLI's revenue is forecast to decline over the next 3 years (-38.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MLI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Mueller Industries performed over the past 5 years?
6.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLI has high quality earnings.
Growing Profit Margin: MLI's current net profit margins (5.8%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: MLI's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: MLI's earnings growth over the past year (38.2%) exceeds its 5-year average (6.4% per year).
Earnings vs Industry: MLI earnings growth over the past year (38.2%) exceeded the Machinery industry -12.2%.
Return on Equity
High ROE: MLI's Return on Equity (17.9%) is considered low.
Next Steps
Financial Health
How is Mueller Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MLI's short term assets ($825.4M) exceed its short term liabilities ($339.6M).
Long Term Liabilities: MLI's short term assets ($825.4M) exceed its long term liabilities ($387.9M).
Debt to Equity History and Analysis
Debt Level: MLI's debt to equity ratio (40.9%) is considered high.
Reducing Debt: MLI's debt to equity ratio has increased from 25.3% to 40.9% over the past 5 years.
Debt Coverage: MLI's debt is well covered by operating cash flow (74.7%).
Interest Coverage: MLI's interest payments on its debt are well covered by EBIT (12.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Mueller Industries's current dividend yield, its reliability and sustainability?
1.25%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MLI's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: MLI's dividend (1.25%) is low compared to the top 25% of dividend payers in the US market (3.64%).
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.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16%), MLI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Greg Christopher (58 yo)
12.42yrs
Tenure
US$8,064,706
Compensation
Mr. Gregory L. Christopher, also known as Greg, has been the Chairman and Chief Executive Officer of Mueller Industries Inc. since January 1, 2016 and October 30, 2008 respectively. Mr. Christopher served ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD8.06M) is above average for companies of similar size in the US market ($USD3.62M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 12.42yrs | US$8.06m | 1.21% $ 28.6m | |
| CFO & Treasurer | 8.42yrs | US$1.54m | 0.29% $ 6.9m | |
| President of New Business Development | 1.17yrs | US$1.71m | no data | |
| Chief Manufacturing Officer | 3.83yrs | US$1.54m | 0.28% $ 6.6m | |
| President of Refrigeration | 3.83yrs | US$808.42k | 0.095% $ 2.3m | |
| Chief Information Officer | 2.83yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 4.17yrs | no data | 0.047% $ 1.1m | |
| Vice President of Marketing | 7.33yrs | no data | no data | |
| Senior Vice President of Manufacturing | 3.83yrs | no data | no data | |
| President of International Division | 5.17yrs | no data | no data | |
| President of Brass & Aluminum | 1.17yrs | no data | no data | |
| VP & Corporate Controller | 5.92yrs | no data | 0.031% $ 744.6k |
4.0yrs
Average Tenure
53yo
Average Age
Experienced Management: MLI's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 12.42yrs | US$8.06m | 1.21% $ 28.6m | |
| Independent Director | 20.67yrs | US$216.11k | 0.20% $ 4.8m | |
| Chairman Emeritus | 9.17yrs | US$6.09m | no data | |
| Independent Director | 18.83yrs | US$183.11k | 0.051% $ 1.2m | |
| Lead Independent Director | 2.17yrs | US$205.11k | 0.058% $ 1.4m | |
| Independent Director | 13.17yrs | US$180.11k | 0.027% $ 630.6k | |
| Independent Director | 6.58yrs | US$191.11k | 0.10% $ 2.5m | |
| Independent Director | 3.67yrs | US$186.11k | 0.026% $ 623.2k | |
| Independent Director | 2.17yrs | US$183.95k | 0.0088% $ 207.4k |
6.6yrs
Average Tenure
68yo
Average Age
Experienced Board: MLI's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MLI insiders have sold more shares than they have bought 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 company bio, 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
- Market Cap: US$2.370b
- Shares outstanding: 57.12m
- Website: https://www.muellerindustries.com
Number of Employees
Location
- Mueller Industries, Inc.
- 150 Schilling Boulevard
- Suite 100
- Collierville
- Tennessee
- 38017
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MLI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Mar 1964 |
| MUD | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 1964 |
Biography
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. The company’...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 00:08 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/26 |
| Annual Earnings | 2020/12/26 |
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.