Miller Industries
Market Cap
US$477.7m
Last Updated
2021/01/26 00:07 UTC
Data Sources
Company Financials
Executive Summary
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. More Details
Rewards
Risk Analysis
No risks detected for MLR from our risk checks.
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Miller Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MLR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MLR's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.3%
MLR
-0.02%
US Machinery
2.6%
US Market
1 Year Return
18.8%
MLR
28.5%
US Machinery
26.0%
US Market
Return vs Industry: MLR underperformed the US Machinery industry which returned 28.5% over the past year.
Return vs Market: MLR underperformed the US Market which returned 26% over the past year.
Shareholder returns
| MLR | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | -0.02% | 2.6% |
| 30 Day | 13.8% | 5.1% | 5.1% |
| 90 Day | 36.3% | 20.1% | 17.1% |
| 1 Year | 21.6%18.8% | 31.7%28.5% | 28.9%26.0% |
| 3 Year | 74.3%62.0% | 28.5%19.4% | 46.3%36.6% |
| 5 Year | 125.2%97.5% | 166.5%137.0% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is Miller Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Shareholders Of Miller Industries (NYSE:MLR) Must Be Happy With Their 107% Total Return1 month ago | Simply Wall St
Why Miller Industries, Inc. (NYSE:MLR) Is A Dividend Rockstar1 month ago | Simply Wall St
Should You Buy Miller Industries, Inc. (NYSE:MLR) For Its Upcoming Dividend?Valuation
Is Miller 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: MLR ($41.88) is trading below our estimate of fair value ($199.07)
Significantly Below Fair Value: MLR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MLR is good value based on its PE Ratio (16.2x) compared to the US Machinery industry average (32.6x).
PE vs Market: MLR is good value based on its PE Ratio (16.2x) compared to the US market (21.3x).
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 (1.8x) compared to the US Machinery industry average (3x).
Next Steps
Future Growth
How is Miller Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.9%
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.
Next Steps
- Examine whether Miller 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.
- Miller Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Miller Industries performed over the past 5 years?
17.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLR has high quality earnings.
Growing Profit Margin: MLR's current net profit margins (4.4%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: MLR's earnings have grown by 17.9% 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 (-22.8%) over the past year, making it difficult to compare to the Machinery industry average (-15.5%).
Return on Equity
High ROE: MLR's Return on Equity (10.8%) is considered low.
Next Steps
Financial Health
How is Miller Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MLR's short term assets ($289.1M) exceed its short term liabilities ($122.1M).
Long Term Liabilities: MLR's short term assets ($289.1M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: MLR's debt to equity ratio (0.04%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MLR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MLR's debt is well covered by operating cash flow (51237%).
Interest Coverage: MLR's interest payments on its debt are well covered by EBIT (24.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Miller Industries's current dividend yield, its reliability and sustainability?
1.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MLR's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: MLR's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (27.8%), 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?
7.1yrs
Average management tenure
CEO
Jeffrey Badgley (68 yo)
7.08yrs
Tenure
US$929,877
Compensation
Mr. Jeffrey I. Badgley has been Co-Chief Executive Officer of Miller Industries Inc. since December 2013. Mr. Badgley served as Co-Chief Executive Officer and President of Miller Industries Inc. from Octob...
CEO Compensation Analysis
Compensation vs Market: Jeffrey's total compensation ($USD929.88K) is below average for companies of similar size in the US market ($USD1.65M).
Compensation vs Earnings: Jeffrey's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 26.75yrs | US$320.95k | 2.59% $ 12.4m | |
| Co-Chief Executive Officer | 7.08yrs | US$929.88k | no data | |
| President | 6.67yrs | US$929.88k | no data | |
| Executive VP | 0.92yr | US$407.65k | no data | |
| Chief Information Officer | 4yrs | US$300.51k | no data | |
| Executive VP | 22.33yrs | US$346.77k | 0.000010% $ 47.8 |
7.1yrs
Average Tenure
65.5yo
Average Age
Experienced Management: MLR's management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 26.75yrs | US$320.95k | 2.59% $ 12.4m | |
| President | 6.67yrs | US$929.88k | no data | |
| Executive VP | 0.92yr | US$407.65k | no data | |
| Independent Director | 26.75yrs | US$132.00k | 0.33% $ 1.6m | |
| Independent Director | 26.75yrs | US$112.00k | 0.61% $ 2.9m | |
| Independent Director | 0.92yr | no data | 0.023% $ 110.6k | |
| Independent Director | 10.75yrs | US$112.00k | 0.10% $ 484.3k |
10.8yrs
Average Tenure
65yo
Average Age
Experienced Board: MLR's board of directors are seasoned and experienced ( 10.8 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 company bio, 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
- Market Cap: US$477.661m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MLR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1995 |
| 5OJ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1995 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 00:07 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.