Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide.
Excellent 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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MYE underperformed the US Packaging industry which returned 18.8% over the past year.
Return vs Market: MYE underperformed the US Market which returned 24.7% over the past year.
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
6 days ago | Simply Wall StShould You Or Shouldn't You: A Dividend Analysis on Myers Industries, Inc. (NYSE:MYE)
2 weeks ago | Simply Wall StCalculating The Intrinsic Value Of Myers Industries, Inc. (NYSE:MYE)
1 month ago | Simply Wall StOnly 3 Days Left To Cash In On Myers Industries, Inc. (NYSE:MYE) 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 ($16.55) is trading below our estimate of fair value ($20.52)
Significantly Below Fair Value: MYE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MYE is poor value based on its PE Ratio (27.2x) compared to the Packaging industry average (18.8x).
PE vs Market: MYE is poor value based on its PE Ratio (27.2x) compared to the US market (18.9x).
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 (3.6x) compared to the US Packaging industry average (3.4x).
How is Myers Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYE's forecast earnings growth (32.6% per year) is above the savings rate (1.7%).
Earnings vs Market: MYE's earnings (32.6% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MYE's revenue (2% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: MYE's revenue (2% 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 (17.6%).
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 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MYE's earnings have declined by -10.5% per year over the past 5 years.
Accelerating Growth: MYE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MYE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Packaging industry (-18.3%).
Return on Equity
High ROE: MYE's Return on Equity (13.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Myers Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MYE's short term assets ($187.4M) exceed its short term liabilities ($89.3M).
Long Term Liabilities: MYE's short term assets ($187.4M) exceed its long term liabilities ($104.2M).
Debt to Equity History and Analysis
Debt Level: MYE's debt to equity ratio (47.1%) is considered high.
Reducing Debt: MYE's debt to equity ratio has reduced from 157.3% to 47.1% over the past 5 years.
Debt Coverage: MYE's debt is well covered by operating cash flow (85.7%).
Interest Coverage: MYE's interest payments on its debt are well covered by EBIT (9.1x coverage).
Inventory Level: MYE has a high level of physical assets or inventory.
Debt Coverage by Assets: MYE's debt is covered by short term assets (assets are 2.4x debt).
What is Myers Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MYE's dividend (3.26%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: MYE's dividend (3.26%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: MYE's dividends per share have been stable in the past 10 years.
Growing Dividend: MYE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.8%), MYE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYE's dividends in 3 years are forecast to be covered by earnings (60.5% payout ratio).
What is the CEO of Myers Industries's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Andrean Horton (45yo)
Ms. Andrean Renee Horton has been Interim President and Chief Executive Officer of Myers Industries, Inc., since October 25, 2019 and its Chief Legal Officer and Secretary since October 08, 2018. She serve ...
CEO Compensation Analysis
Compensation vs Market: Andrean's total compensation ($USD450.60K) is below average for companies of similar size in the US market ($USD1.70M).
Compensation vs Earnings: Insufficient data to compare Andrean's compensation with company performance.
Management Age and Tenure
Experienced Management: MYE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Age and Tenure
Experienced Board: MYE's board of directors are considered experienced (4.3 years average tenure).
Insider Buying: MYE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Member of the Board of Directors
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Group President of Material Handling
Andrean Horton (45yo)
- Tenure: 0.3yrs
- Compensation: US$450.60k
VP of Investor Relations & Treasurer
- Tenure: 6.5yrs
Kevin Brackman (46yo)
Executive VP & CFO
- Tenure: 1.1yrs
- Compensation: US$868.53k
Group President of Distribution
- Tenure: 2.1yrs
VP & Chief Human Resources Officer
- Tenure: 0.3yrs
Bill Foley (71yo)
- Tenure: 8.7yrs
- Compensation: US$224.42k
Robert Stefanko (76yo)
- Tenure: 13yrs
- Compensation: US$93.88k
Ron De Feo (67yo)
- Tenure: 1.4yrs
- Compensation: US$66.58k
Sarah Coffin (67yo)
- Tenure: 9.7yrs
- Compensation: US$233.92k
Jane Scaccetti (65yo)
- Tenure: 3.8yrs
- Compensation: US$224.42k
Bruce Lisman (72yo)
- Tenure: 4.8yrs
- Compensation: US$242.01k
Frederic Liebau (55yo)
- Tenure: 3.8yrs
- Compensation: US$296.92k
Lori Lutey (55yo)
- Tenure: 1.3yrs
- Compensation: US$53.87k
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$603.130m
- Shares outstanding: 35.52m
- Website: https://www.myersindustries.com
Number of Employees
- Myers Industries, Inc.
- 1293 South Main Street
- United States
|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|
Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company’s Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, and storage and organization products; rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands. This segment serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and other industries directly and through distributors. Its Distribution segment offers tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment, hand tools, tire repair and retread equipment and supplies, highway markings, industrial rubber, tire pressure monitoring systems, general shop supplies; and brake, transmission, and service equipment and supplies under the Myers Tire Supply, Myers Tire Supply International, Patch Rubber Company, Elrick, Fleetline, MTS, Phoenix, and Seymoure brands. This segment serves retail tire, truck tire, and auto dealers; commercial auto and truck fleets; general service and repair centers; tire retreaders; governmental agencies; and telecommunications, industrial, road construction, and mining markets. The company was founded in 1933 and is headquartered in Akron, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/21 23:40|
|End of Day Share Price||2020/01/21 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.