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MLR

Miller IndustriesNYSE:MLR Stock Report

Last Price

US$32.31

Market Cap

US$368.7m

7D

-5.4%

1Y

-21.2%

Updated

20 Jan, 2022

Data

Company Financials
MLR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

MLR Stock Overview

Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment.

Rewards

PE ratio (14.4x) is below the US market (16.9x)

Pays a reliable dividend of 2.23%

Risk Analysis

No risks detected for MLR from our risk checks.

Miller Industries Competitors

Federal Signal

NYSE:FSS

US$2.4b

Shyft Group

NasdaqGS:SHYF

US$1.5b

Commercial Vehicle Group

NasdaqGS:CVGI

US$267.1m

LCI Industries

NYSE:LCII

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for Miller Industries
Historical stock prices
Current Share PriceUS$32.31
52 Week HighUS$47.57
52 Week LowUS$31.51
Beta1
1 Month Change0.50%
3 Month Change-5.50%
1 Year Change-21.18%
3 Year Change10.20%
5 Year Change16.64%
Change since IPO18.09%

Recent News & Updates

Jan 04

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.

Nov 07
Miller Industries (NYSE:MLR) Has Affirmed Its Dividend Of US$0.18

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...

Aug 20

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.

Shareholder Returns

MLRUS MachineryUS Market
7D-5.4%-1.9%-4.6%
1Y-21.2%8.1%7.7%

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.

Price Volatility

Is MLR's price volatile compared to industry and market?
MLR volatility
MLR Average Weekly Movement3.4%
Machinery Industry Average Movement4.9%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
19901,267Jeffrey Badgleyhttps://www.millerind.com

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

How do Miller Industries's earnings and revenue compare to its market cap?
MLR fundamental statistics
Market CapUS$368.68m
Earnings (TTM)US$25.56m
Revenue (TTM)US$694.12m

14.4x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLR income statement (TTM)
RevenueUS$694.12m
Cost of RevenueUS$615.62m
Gross ProfitUS$78.50m
ExpensesUS$52.94m
EarningsUS$25.56m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.24
Gross Margin11.31%
Net Profit Margin3.68%
Debt/Equity Ratio0%

How did MLR perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Miller Industries undervalued compared to its fair value and its price relative to the market?

14.42x

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).


Future Growth

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

13.5%

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.


Past Performance

How has Miller Industries performed over the past 5 years?

8.5%

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.


Financial Health

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.


Balance Sheet


Dividend

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

2.23%

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.


Next Steps

Management

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

9.5yrs

Average management tenure


CEO

Jeffrey Badgley (69 yo)

8.08yrs

Tenure

US$760,171

Compensation

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.


Leadership Team

Experienced Management: MLR's management team is seasoned and experienced (9.5 years average tenure).


Board Members

Experienced Board: MLR's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • 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


Location

  • Miller Industries, Inc.
  • 8503 Hilltop Drive
  • Ooltewah
  • Tennessee
  • 37363
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:55
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.