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MYE

Myers Industries NYSE:MYE Stock Report

Last Price

US$16.76

Market Cap

US$611.2m

7D

-1.8%

1Y

-14.4%

Updated

29 Sep, 2022

Data

Company Financials +
MYE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance6/6
Financial Health6/6
Dividends5/6

MYE Stock Overview

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio.

Myers Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Myers Industries
Historical stock prices
Current Share PriceUS$16.76
52 Week HighUS$25.55
52 Week LowUS$15.82
Beta1.4
1 Month Change-15.48%
3 Month Change-26.17%
1 Year Change-14.36%
3 Year Change-2.78%
5 Year Change-23.99%
Change since IPO364.27%

Recent News & Updates

Sep 05
Myers Industries (NYSE:MYE) Has Announced A Dividend Of $0.135

Myers Industries (NYSE:MYE) Has Announced A Dividend Of $0.135

Myers Industries, Inc. ( NYSE:MYE ) has announced that it will pay a dividend of $0.135 per share on the 4th of...

Sep 01

Myers declares $0.135 dividend

Myers (NYSE:MYE) declares $0.135/share quarterly dividend, in line with previous. Forward yield 2.8% Payable Oct. 4; for shareholders of record Sept. 14; ex-div Sept. 13. See MYE Dividend Scorecard, Yield Chart, & Dividend Growth.

Aug 27
What Does Myers Industries, Inc.'s (NYSE:MYE) Share Price Indicate?

What Does Myers Industries, Inc.'s (NYSE:MYE) Share Price Indicate?

Myers Industries, Inc. ( NYSE:MYE ), might not be a large cap stock, but it saw significant share price movement during...

Shareholder Returns

MYEUS PackagingUS Market
7D-1.8%-3.6%-3.1%
1Y-14.4%-27.0%-21.5%

Return vs Industry: MYE exceeded the US Packaging industry which returned -26.6% over the past year.

Return vs Market: MYE exceeded the US Market which returned -20.3% over the past year.

Price Volatility

Is MYE's price volatile compared to industry and market?
MYE volatility
MYE Average Weekly Movement5.2%
Packaging Industry Average Movement5.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: MYE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MYE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19332,725Mike McGaughhttps://www.myersindustries.com

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.

Myers Industries Fundamentals Summary

How do Myers Industries's earnings and revenue compare to its market cap?
MYE fundamental statistics
Market CapUS$611.21m
Earnings (TTM)US$48.33m
Revenue (TTM)US$858.28m

12.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYE income statement (TTM)
RevenueUS$858.28m
Cost of RevenueUS$604.32m
Gross ProfitUS$253.96m
Other ExpensesUS$205.63m
EarningsUS$48.33m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.33
Gross Margin29.59%
Net Profit Margin5.63%
Debt/Equity Ratio43.8%

How did MYE perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

41%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MYE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MYE?

Other financial metrics that can be useful for relative valuation.

MYE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.1x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does MYE's PE Ratio compare to its peers?

MYE PE Ratio vs Peers
The above table shows the PE ratio for MYE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10x
TRS TriMas
15.7x26.2%US$1.0b
OI O-I Glass
4.4x-12.7%US$2.0b
GEF Greif
7.3x7.9%US$2.8b
SLGN Silgan Holdings
12.5x8.7%US$4.6b
MYE Myers Industries
12.6x24.1%US$611.2m

Price-To-Earnings vs Peers: MYE is expensive based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (10x).


Price to Earnings Ratio vs Industry

How does MYE's PE Ratio compare vs other companies in the North American Packaging Industry?

Price-To-Earnings vs Industry: MYE is good value based on its Price-To-Earnings Ratio (12.6x) compared to the North American Packaging industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is MYE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MYE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: MYE is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).


Share Price vs Fair Value

What is the Fair Price of MYE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MYE ($16.76) is trading below our estimate of fair value ($70.58)

Significantly Below Fair Value: MYE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Myers Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


24.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYE's forecast earnings growth (24.1% per year) is above the savings rate (1.9%).

Earnings vs Market: MYE's earnings (24.1% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: MYE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MYE's revenue (7.3% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: MYE's revenue (7.3% 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 MYE's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Myers Industries performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MYE has high quality earnings.

Growing Profit Margin: MYE's current net profit margins (5.6%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: MYE's earnings have grown significantly by 31.4% per year over the past 5 years.

Accelerating Growth: MYE's earnings growth over the past year (60.8%) exceeds its 5-year average (31.4% per year).

Earnings vs Industry: MYE earnings growth over the past year (60.8%) exceeded the Packaging industry 12.1%.


Return on Equity

High ROE: MYE's Return on Equity (20.4%) is considered high.


Discover strong past performing companies

Financial Health

How is Myers Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MYE's short term assets ($274.6M) exceed its short term liabilities ($160.1M).

Long Term Liabilities: MYE's short term assets ($274.6M) exceed its long term liabilities ($156.7M).


Debt to Equity History and Analysis

Debt Level: MYE's net debt to equity ratio (34.4%) is considered satisfactory.

Reducing Debt: MYE's debt to equity ratio has reduced from 179.2% to 43.8% over the past 5 years.

Debt Coverage: MYE's debt is well covered by operating cash flow (55.7%).

Interest Coverage: MYE's interest payments on its debt are well covered by EBIT (15.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.22%

Current Dividend Yield

Dividend Yield vs Market

Myers Industries Dividend Yield vs Market
How does Myers Industries dividend yield compare to the market?
SegmentDividend Yield
Company (Myers Industries)3.2%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Packaging)3.1%
Analyst forecast in 3 Years (Myers Industries)3.2%

Notable Dividend: MYE's dividend (3.22%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: MYE's dividend (3.22%) is low compared to the top 25% of dividend payers in the US market (4.61%).


Stability and Growth of Payments

Stable Dividend: MYE's dividends per share have been stable in the past 10 years.

Growing Dividend: MYE's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.5%), MYE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52.8%), MYE's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Mike McGaugh (48 yo)

2.42yrs

Tenure

US$2,699,503

Compensation

Mr. Michael P. McGaugh, also known as Mike, serves as President and Director at Myers Industries, Inc. since April 06, 2020 and also serves as Chief Executive Officer since March 2020. He served as the Chi...


CEO Compensation Analysis

Mike McGaugh's Compensation vs Myers Industries Earnings
How has Mike McGaugh's remuneration changed compared to Myers Industries's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$48m

Mar 31 2022n/an/a

US$44m

Dec 31 2021US$3mUS$642k

US$34m

Sep 30 2021n/an/a

US$29m

Jun 30 2021n/an/a

US$30m

Mar 31 2021n/an/a

US$27m

Dec 31 2020US$2mUS$469k

US$37m

Compensation vs Market: Mike's total compensation ($USD2.70M) is below average for companies of similar size in the US market ($USD4.03M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MYE's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: MYE's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MYE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:MYE Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Sep 22BuyUS$17,498William FoleyIndividual1,000US$17.50
16 Mar 22BuyUS$93,727Michael McGaughIndividual5,000US$18.82
16 Mar 22BuyUS$9,453Lori LuteyIndividual500US$18.91
15 Mar 22BuyUS$184,900Ronald De FeoIndividual10,000US$18.49
15 Mar 22BuyUS$92,092Frederic LiebauIndividual5,000US$18.42
15 Mar 22BuyUS$9,185Sarah CoffinIndividual500US$18.37
15 Mar 22BuyUS$18,320Bruce LismanIndividual1,000US$18.32
16 Nov 21BuyUS$20,790Bruce LismanIndividual1,000US$20.79
09 Nov 21BuyUS$102,950Michael McGaughIndividual5,000US$20.59

Ownership Breakdown

What is the ownership structure of MYE?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders467,2801.3%
General Public2,308,4016.3%
Institutions33,692,80092.4%

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


Top Shareholders

Top 25 shareholders own 82.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.67%
BlackRock, Inc.
5,714,493$95.8m-0.64%no data
13.03%
GAMCO Investors, Inc.
4,750,763$79.6m-1%0.35%
10.8%
T. Rowe Price Group, Inc.
3,939,966$66.0m-5.37%0.01%
6.88%
The Vanguard Group, Inc.
2,508,008$42.0m2.06%no data
5.67%
Allspring Global Investments, LLC
2,066,188$34.6m-0.19%0.05%
4.09%
William Blair Investment Management, LLC
1,492,281$25.0m-9.99%0.05%
4.03%
Dimensional Fund Advisors LP
1,469,021$24.6m0.02%0.01%
4.02%
Renaissance Technologies LLC
1,465,697$24.6m2.7%0.03%
3.35%
State Street Global Advisors, Inc.
1,220,681$20.5m0.35%no data
2.09%
Teton Advisors, LLC
760,870$12.8m-0.78%2.51%
1.83%
Northern Trust Global Investments
667,173$11.2m-0.98%no data
1.68%
Geode Capital Management, LLC
612,517$10.3m-1.94%no data
1.29%
BNY Mellon Asset Management
469,037$7.9m-2.6%no data
1.17%
Charles Schwab Investment Management, Inc.
425,694$7.1m2.24%no data
1%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
365,516$6.1m-2.41%no data
0.99%
Invesco Capital Management LLC
361,522$6.1m251.64%no data
0.84%
Columbia Management Investment Advisers, LLC
306,594$5.1m-4.68%no data
0.84%
Victory Capital Management Inc.
305,460$5.1m0%0.01%
0.65%
Principal Global Investors, LLC
238,072$4.0m-7.42%no data
0.56%
FMR LLC
203,178$3.4m-4.1%no data
0.49%
ICON Advisers, Inc.
180,000$3.0m7.78%0.74%
0.46%
Mason Street Advisors, LLC
166,406$2.8m8.26%0.02%
0.44%
Managed Account Advisors LLC
162,156$2.7m1.76%no data
0.44%
Morgan Stanley, Investment Banking and Brokerage Investments
161,658$2.7m-15.59%no data
0.41%
Fuller & Thaler Asset Management, Inc.
149,570$2.5m0.66%0.02%

Company Information

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


Key Information

  • Name: Myers Industries, Inc.
  • Ticker: MYE
  • Exchange: NYSE
  • Founded: 1933
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Implied Market Cap: US$611.212m
  • Shares outstanding: 36.47m
  • Website: https://www.myersindustries.com

Number of Employees


Location

  • Myers Industries, Inc.
  • 1293 South Main Street
  • Akron
  • Ohio
  • 44301
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYENYSE (New York Stock Exchange)YesCommon SharesUSUSDNov 1972
MJFDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1972

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.