Mueller Industries
Market Cap
US$2.5b
Last Updated
2021/06/23 06:34 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
Outstanding track record with adequate balance sheet.
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 less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MLI's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-4.5%
MLI
-2.2%
US Machinery
-0.1%
US Market
1 Year Return
78.9%
MLI
51.1%
US Machinery
39.0%
US Market
Return vs Industry: MLI exceeded the US Machinery industry which returned 51.1% over the past year.
Return vs Market: MLI exceeded the US Market which returned 39% over the past year.
Shareholder returns
| MLI | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | -2.2% | -0.1% |
| 30 Day | -6.6% | -3.9% | 2.6% |
| 90 Day | 6.3% | 0.5% | 8.0% |
| 1 Year | 81.1%78.9% | 54.4%51.1% | 41.2%39.0% |
| 3 Year | 50.9%44.6% | 65.1%55.3% | 62.4%52.3% |
| 5 Year | 62.6%40.4% | 159.1%133.2% | 132.3%106.2% |
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 (NYSE:MLI) Could Easily Take On More Debt3 weeks ago | Simply Wall St
Here's What We Like About Mueller Industries' (NYSE:MLI) Upcoming Dividend3 weeks ago | Simply Wall St
Mueller Industries (NYSE:MLI) Knows How To Allocate Capital EffectivelyValuation
Is Mueller Industries undervalued compared to its fair value and its price relative to the market?
14.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MLI ($43.41) is trading above our estimate of fair value ($25.53)
Significantly Below Fair Value: MLI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MLI is good value based on its PE Ratio (14.2x) compared to the US Machinery industry average (33.8x).
PE vs Market: MLI is good value based on its PE Ratio (14.2x) compared to the US market (19.2x).
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 (2.9x) compared to the US Machinery industry average (3.1x).
Future Growth
How is Mueller Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
12.9%
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 (12.9% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: MLI's revenue (12.9% per year) is forecast to grow slower than 20% 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
Past Performance
How has Mueller Industries performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLI has high quality earnings.
Growing Profit Margin: MLI's current net profit margins (6.5%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: MLI's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: MLI's earnings growth over the past year (44.9%) exceeds its 5-year average (9% per year).
Earnings vs Industry: MLI earnings growth over the past year (44.9%) exceeded the Machinery industry -6.4%.
Return on Equity
High ROE: MLI's Return on Equity (20.2%) is considered high.
Financial Health
How is Mueller Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MLI's short term assets ($986.5M) exceed its short term liabilities ($444.5M).
Long Term Liabilities: MLI's short term assets ($986.5M) exceed its long term liabilities ($385.8M).
Debt to Equity History and Analysis
Debt Level: MLI's debt to equity ratio (45.2%) is considered high.
Reducing Debt: MLI's debt to equity ratio has increased from 24.1% to 45.2% over the past 5 years.
Debt Coverage: MLI's debt is well covered by operating cash flow (49.5%).
Interest Coverage: MLI's interest payments on its debt are well covered by EBIT (16.4x coverage).
Balance Sheet
Dividend
What is Mueller Industries's current dividend yield, its reliability and sustainability?
1.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MLI's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: MLI's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (3.45%).
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 (14.1%), MLI's dividend payments are thoroughly 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?
4.3yrs
Average management tenure
CEO
Greg Christopher (58 yo)
12.67yrs
Tenure
US$7,233,148
Compensation
Mr. Gregory L. Christopher, also known as Greg, has been the Chairman and Chief Executive Officer of Mueller Industries Inc. since January 1, 2016 and October 30, 2008 respectively. Mr. Christopher served ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD7.23M) is above average for companies of similar size in the US market ($USD5.32M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MLI's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: MLI's board of directors are considered experienced (6.8 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 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$2.476b
- Shares outstanding: 57.13m
- Website: https://www.muellerindustries.com
Number of Employees
Location
- Mueller Industries, Inc.
- 150 Schilling Boulevard
- Suite 100
- Collierville
- Tennessee
- 38017
- United States
Listings
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 | 2021/06/23 06:34 |
| End of Day Share Price | 2021/06/22 00:00 |
| Earnings | 2021/03/27 |
| 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.