MLR Stock Overview
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment.
Miller Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$32.31|
|52 Week High||US$47.57|
|52 Week Low||US$31.51|
|1 Month Change||0.50%|
|3 Month Change||-5.50%|
|1 Year Change||-21.18%|
|3 Year Change||10.20%|
|5 Year Change||16.64%|
|Change since IPO||18.09%|
Recent News & Updates
Miller Industries: A Move Above $34.50 Confirms The Bottom
Although net earnings were well down in Q3, we believe the market is pricing in improved numbers here going forward. The dividend remains well covered, and the balance sheet looks in excellent shape. Given how the firm has executed in the past and deployed its new products, we would be backing Miller Industries here.
Miller Industries (NYSE:MLR) Has Affirmed Its Dividend Of US$0.18
The board of Miller Industries, Inc. ( NYSE:MLR ) has announced that it will pay a dividend on the 13th of December...
Miller Industries: Close To Confirming An Intermediate Bottom
Q2 earnings report demonstrate business is returning to pre-pandemic numbers. Management continues to act swiftly to mitigate supply chain disruptions and inflationary pressures. The technicals, cash flow trends and valuation all point to a rising share price here.
|MLR||US Machinery||US Market|
Return vs Industry: MLR underperformed the US Machinery industry which returned 8.1% over the past year.
Return vs Market: MLR underperformed the US Market which returned 7.7% over the past year.
|MLR Average Weekly Movement||3.4%|
|Machinery Industry Average Movement||4.9%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: MLR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MLR's weekly volatility (3%) has been stable over the past year.
About the Company
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications.
Miller Industries Fundamentals Summary
|MLR fundamental statistics|
Is MLR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MLR income statement (TTM)|
|Cost of Revenue||US$615.62m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.24|
|Net Profit Margin||3.68%|
How did MLR perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is Miller Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MLR ($32.31) is trading above our estimate of fair value ($13.43)
Significantly Below Fair Value: MLR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MLR is good value based on its PE Ratio (14.4x) compared to the US Machinery industry average (28.3x).
PE vs Market: MLR is good value based on its PE Ratio (14.4x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MLR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MLR is good value based on its PB Ratio (1.3x) compared to the US Machinery industry average (2.7x).
How is Miller Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Miller 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.
How has Miller Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLR has high quality earnings.
Growing Profit Margin: MLR's current net profit margins (3.7%) are lower than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: MLR's earnings have grown by 8.5% per year over the past 5 years.
Accelerating Growth: MLR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MLR had negative earnings growth (-13.4%) over the past year, making it difficult to compare to the Machinery industry average (34.4%).
Return on Equity
High ROE: MLR's Return on Equity (8.8%) is considered low.
How is Miller Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MLR's short term assets ($296.9M) exceed its short term liabilities ($113.7M).
Long Term Liabilities: MLR's short term assets ($296.9M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: MLR is debt free.
Reducing Debt: MLR has no debt compared to 5 years ago when its debt to equity ratio was 10.8%.
Debt Coverage: MLR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MLR has no debt, therefore coverage of interest payments is not a concern.
What is Miller Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MLR's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: MLR's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: MLR's dividends per share have been stable in the past 10 years.
Growing Dividend: MLR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.1%), MLR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeffrey Badgley (69 yo)
Mr. Jeffrey I. Badgley has been Co-Chief Executive Officer of Miller Industries Inc. since December 2013. Mr. Badgley served as Co-Chief Executive Officer and President of Miller Industries Inc. from Octob...
CEO Compensation Analysis
Compensation vs Market: Jeffrey's total compensation ($USD760.17K) is below average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Jeffrey's compensation has been consistent with company performance over the past year.
Experienced Management: MLR's management team is seasoned and experienced (9.5 years average tenure).
Experienced Board: MLR's board of directors are seasoned and experienced ( 11.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Miller Industries, Inc.'s employee growth, exchange listings and data sources
- Name: Miller Industries, Inc.
- Ticker: MLR
- Exchange: NYSE
- Founded: 1990
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Implied Market Cap: US$368.681m
- Shares outstanding: 11.41m
- Website: https://www.millerind.com
Number of Employees
- Miller Industries, Inc.
- 8503 Hilltop Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 23:55|
|End of Day Share Price||2022/01/20 00:00|
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.