Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. More Details
Flawless balance sheet established dividend payer.
Share Price & News
How has Myers Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MYE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MYE's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MYE exceeded the US Packaging industry which returned 32.1% over the past year.
Return vs Market: MYE exceeded the US Market which returned 33% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Myers Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StMyers Industries (NYSE:MYE) Has Affirmed Its Dividend Of US$0.14
1 month ago | Simply Wall StTrade Alert: The President Of Myers Industries, Inc. (NYSE:MYE), Michael McGaugh, Has Just Spent US$54k Buying 3.7% More Shares
3 months ago | Simply Wall StJust Four Days Till Myers Industries, Inc. (NYSE:MYE) Will Be Trading Ex-Dividend
Is Myers Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MYE ($19.7) is trading below our estimate of fair value ($74.28)
Significantly Below Fair Value: MYE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MYE is poor value based on its PE Ratio (23.7x) compared to the US Packaging industry average (19.2x).
PE vs Market: MYE is poor value based on its PE Ratio (23.7x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: MYE is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: MYE is overvalued based on its PB Ratio (3.5x) compared to the US Packaging industry average (3.3x).
How is Myers Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYE's forecast earnings growth (28.8% per year) is above the savings rate (2%).
Earnings vs Market: MYE's earnings (28.8% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MYE's revenue (7.4% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: MYE's revenue (7.4% 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
How has Myers Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYE has high quality earnings.
Growing Profit Margin: MYE's current net profit margins (4.8%) are lower than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: MYE's earnings have grown significantly by 31.3% per year over the past 5 years.
Accelerating Growth: MYE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MYE had negative earnings growth (-16.7%) over the past year, making it difficult to compare to the Packaging industry average (41%).
Return on Equity
High ROE: MYE's Return on Equity (14.9%) is considered low.
How is Myers Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MYE's short term assets ($201.2M) exceed its short term liabilities ($127.1M).
Long Term Liabilities: MYE's short term assets ($201.2M) exceed its long term liabilities ($101.3M).
Debt to Equity History and Analysis
Debt Level: MYE's debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: MYE's debt to equity ratio has reduced from 215.4% to 28.6% over the past 5 years.
Debt Coverage: MYE's debt is well covered by operating cash flow (96.9%).
Interest Coverage: MYE's interest payments on its debt are well covered by EBIT (10.1x coverage).
What is Myers Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYE's dividend (2.74%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: MYE's dividend (2.74%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: MYE's dividends per share have been stable in the past 10 years.
Growing Dividend: MYE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.6%), MYE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYE's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike McGaugh (47 yo)
Mr. Michael P. McGaugh, also known as Mike, serves as President, Chief Executive Officer and Director at Myers Industries, Inc. since April 06, 2020. He served as the Chief Operating Officer and Executive...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.19M) is about average for companies of similar size in the US market ($USD2.34M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
Experienced Management: MYE's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: MYE's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Myers Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Myers Industries, Inc.
- Ticker: MYE
- Exchange: NYSE
- Founded: 1933
- Industry: Metal and Glass Containers
- Sector: Materials
- Market Cap: US$712.625m
- Shares outstanding: 36.17m
- Website: https://www.myersindustries.com
Number of Employees
- Myers Industries, Inc.
- 1293 South Main Street
- United States
Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. It operates through two s...
Company Analysis and Financial Data Status
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|Company Analysis||2021/09/22 00:11|
|End of Day Share Price||2021/09/21 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.