NYSE:MYE

Stock Analysis Report

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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


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

MYEIndustryMarket
7 Day-1.1%0.2%1.4%
30 Day14.4%2.1%4.9%
90 Day49.8%9.7%14.6%
1 Year32.3%27.4%22.2%19.6%25.4%22.6%
3 Year12.1%1.8%25.7%16.6%46.8%37.0%
5 Year140.1%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

Valuation

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

NamePositionTenureCompensationOwnership
Andrean Horton
Executive VP2.25yrsUS$1.07m0.0051%
$ 40.4k
Michael McGaugh
President0.75yrno data0.15%
$ 1.2m
Daniel Hoehn
Interim Chief Financial Officer0.33yrno datano data
Monica Vinay
VP of Investor Relations & Treasurer7.5yrsno datano data
James Gurnee
Vice President of Sales & Commercial Excellence0.33yrno datano data
Michael Valentino
Group President of Material Handlingno datano datano data
David Basque
President of Buckhorn & VP of Integration0.33yrno datano data
Chris DuPaul
Group President of Distribution3.08yrsno datano 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

NamePositionTenureCompensationOwnership
Michael McGaugh
President0.75yrno data0.15%
$ 1.2m
William Foley
Independent Director9.67yrsUS$150.01k0.057%
$ 453.5k
Robert Stefanko
Independent Director14yrsUS$165.01k0.038%
$ 303.7k
Ronald DeFeo
Independent Director2.42yrsUS$150.01k0.072%
$ 571.3k
Sarah Coffin
Independent Director10.67yrsUS$160.01k0.066%
$ 520.0k
Jane Scaccetti
Independent Director4.75yrsUS$150.01k0.068%
$ 539.2k
Bruce Lisman
Independent Director5.75yrsUS$163.51k0.086%
$ 680.3k
Frederic Liebau
Independent Chairman4.75yrsUS$220.01k0.10%
$ 799.7k
Lori Lutey
Independent Director2.33yrsUS$150.01k0.045%
$ 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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 23:29
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.