Myers Industries
Market Cap
US$791.7m
Last Updated
2021/01/21 23:29 UTC
Data Sources
Company Financials +
Executive Summary
Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet and pays a dividend.
Similar Companies
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 not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MYE's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
MYE
0.2%
US Packaging
1.4%
US Market
1 Year Return
27.4%
MYE
19.6%
US Packaging
22.6%
US Market
Return vs Industry: MYE exceeded the US Packaging industry which returned 20% over the past year.
Return vs Market: MYE exceeded the US Market which returned 22.8% over the past year.
Shareholder returns
| MYE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 0.2% | 1.4% |
| 30 Day | 14.4% | 2.1% | 4.9% |
| 90 Day | 49.8% | 9.7% | 14.6% |
| 1 Year | 32.3%27.4% | 22.2%19.6% | 25.4%22.6% |
| 3 Year | 12.1%1.8% | 25.7%16.6% | 46.8%37.0% |
| 5 Year | 140.1%103.5% | 126.1%100.8% | 132.0%106.1% |
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
3 days ago | Simply Wall St
Why Myers Industries, Inc. (NYSE:MYE) Is A Dividend Rockstar2 weeks ago | Simply Wall St
Myers Industries (NYSE:MYE) Has Gifted Shareholders With A Fantastic 121% Total Return On Their Investment3 weeks ago | Simply Wall St
We Think Myers Industries (NYSE:MYE) Can Manage Its Debt With EaseValuation
Is Myers 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: MYE ($22.1) is trading below our estimate of fair value ($59.44)
Significantly Below Fair Value: MYE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MYE is good value based on its PE Ratio (20x) compared to the US Packaging industry average (24.2x).
PE vs Market: MYE is good value based on its PE Ratio (20x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: MYE is poor value based on its PEG Ratio (16.8x)
Price to Book Ratio
PB vs Industry: MYE is overvalued based on its PB Ratio (4.2x) compared to the US Packaging industry average (3.3x).
Next Steps
Future Growth
How is Myers Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYE's forecast earnings growth (1.2% per year) is below the savings rate (2%).
Earnings vs Market: MYE's earnings (1.2% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: MYE's earnings are forecast to grow, but not significantly.
Revenue vs Market: MYE's revenue (12.4% per year) is forecast to grow faster than the US market (10.5% per year).
High Growth Revenue: MYE's revenue (12.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MYE's Return on Equity is forecast to be low in 3 years time (18.9%).
Next Steps
Past Performance
How has Myers Industries performed over the past 5 years?
21.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYE has a large one-off gain of $9.9M impacting its September 30 2020 financial results.
Growing Profit Margin: MYE's current net profit margins (8.1%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: MYE's earnings have grown significantly by 21.4% per year over the past 5 years.
Accelerating Growth: MYE's earnings growth over the past year (82.8%) exceeds its 5-year average (21.4% per year).
Earnings vs Industry: MYE earnings growth over the past year (82.8%) exceeded the Packaging industry -8.9%.
Return on Equity
High ROE: MYE's Return on Equity (21.1%) is considered high.
Next Steps
Financial Health
How is Myers Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MYE's short term assets ($212.0M) exceed its short term liabilities ($125.0M).
Long Term Liabilities: MYE's short term assets ($212.0M) exceed its long term liabilities ($53.8M).
Debt to Equity History and Analysis
Debt Level: MYE's debt to equity ratio (41.3%) is considered high.
Reducing Debt: MYE's debt to equity ratio has reduced from 205.3% to 41.3% over the past 5 years.
Debt Coverage: MYE's debt is well covered by operating cash flow (50.2%).
Interest Coverage: MYE's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Myers Industries's current dividend yield, its reliability and sustainability?
2.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYE's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: MYE's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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 reasonably low payout ratio (48.8%), MYE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYE's dividends in 3 years are forecast to be well covered by earnings (44.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Mike McGaugh (46 yo)
0.75
Tenure
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive VP | 2.25yrs | US$1.07m | 0.0051% $ 40.4k | |
| President | 0.75yr | no data | 0.15% $ 1.2m | |
| Interim Chief Financial Officer | 0.33yr | no data | no data | |
| VP of Investor Relations & Treasurer | 7.5yrs | no data | no data | |
| Vice President of Sales & Commercial Excellence | 0.33yr | no data | no data | |
| Group President of Material Handling | no data | no data | no data | |
| President of Buckhorn & VP of Integration | 0.33yr | no data | no data | |
| Group President of Distribution | 3.08yrs | no data | no data |
0.8yrs
Average Tenure
46yo
Average Age
Experienced Management: MYE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.75yr | no data | 0.15% $ 1.2m | |
| Independent Director | 9.67yrs | US$150.01k | 0.057% $ 453.5k | |
| Independent Director | 14yrs | US$165.01k | 0.038% $ 303.7k | |
| Independent Director | 2.42yrs | US$150.01k | 0.072% $ 571.3k | |
| Independent Director | 10.67yrs | US$160.01k | 0.066% $ 520.0k | |
| Independent Director | 4.75yrs | US$150.01k | 0.068% $ 539.2k | |
| Independent Director | 5.75yrs | US$163.51k | 0.086% $ 680.3k | |
| Independent Chairman | 4.75yrs | US$220.01k | 0.10% $ 799.7k | |
| Independent Director | 2.33yrs | US$150.01k | 0.045% $ 358.8k |
4.8yrs
Average Tenure
68yo
Average Age
Experienced Board: MYE's board of directors are considered experienced (4.8 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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Myers Industries, Inc.'s company bio, 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
- Market Cap: US$791.734m
- Shares outstanding: 35.83m
- Website: https://www.myersindustries.com
Number of Employees
Location
- Myers Industries, Inc.
- 1293 South Main Street
- Akron
- Ohio
- 44301
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MYE | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Nov 1972 |
| MJF | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1972 |
Biography
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:29 |
| End of Day Share Price | 2021/01/21 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.