Myers Industries (MYE) AI Stock Analysis

• Market Cap: $773.22M
• Dividend Yield: 2.8%
• Average Volume (3M): 237.97K
• Price to Earnings (P/E): 27.8
• Beta (1Y): 0.86
• Revenue Growth: 0.26%
• EPS Growth: 78.05%
• Country: US
• Employees: 2,700
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 0.26
• Shares Outstanding: 37,407,913
• 10 Day Avg. Volume: 250,701
• 30 Day Avg. Volume: 237,972
• PEG Ratio: -0.66
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 7.47
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 1.36
• Enterprise Value/Gross Profit: 4.02
• Enterprise Value/Ebitda: 10.22
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $22.50 ▲(9.60% Upside)

Myers Industries' overall stock score reflects strong cash flow and strategic initiatives, tempered by high leverage and valuation concerns. Technical indicators suggest potential overbought conditions, while recent corporate events and earnings call insights provide a positive outlook for strategic growth.

Positive Factors

Cash Flow Generation

Strong cash flow generation enhances Myers Industries' financial flexibility, enabling reinvestment in growth initiatives and debt reduction.

Transformation Program

The transformation program's cost savings and strategic divestitures are expected to improve operational efficiency and profitability over time.

Leadership Appointment

The appointment of a new Chief Legal Officer with extensive experience strengthens the leadership team, supporting strategic growth and governance.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase vulnerability to economic downturns, impacting long-term stability.

Soft Demand in Key Markets

Persistent weak demand in key markets like automotive can hinder revenue growth and pressure margins, challenging long-term performance.

High SG&A Expenses

Elevated SG&A expenses reduce profitability and may require cost management improvements to sustain margins and support growth.

Myers Industries Business Overview & Revenue Model

Company Description

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. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational, and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

How the Company Makes Money

Myers Industries generates revenue through the sale of its polymer-based products across its two primary segments. The Material Handling segment contributes significantly to the company's earnings by providing a variety of storage and transportation solutions to industries such as food and beverage, pharmaceuticals, and general manufacturing. The Rubber & Plastics segment adds to revenue through custom molded products that cater to the automotive and industrial markets. Key revenue streams include direct sales to customers, distribution agreements, and long-term contracts with major clients. Additionally, the company benefits from strategic partnerships that enhance distribution and product development, enabling it to expand its market reach and drive sales growth.

Myers Industries Financial Statement Overview

Summary

Myers Industries demonstrates solid financial health with strong cash flow generation and stable revenue growth. However, high leverage and moderate profitability margins indicate potential risks and areas for improvement in cost management.

Income Statement

Myers Industries shows a stable revenue growth with a TTM growth rate of 4.5%. Gross profit margin is healthy at 33.2%, indicating efficient production. However, the net profit margin is relatively low at 3.4%, suggesting room for improvement in cost management. EBIT and EBITDA margins are moderate, reflecting operational efficiency but also highlighting potential cost pressures.

Balance Sheet

The company's debt-to-equity ratio is high at 1.38, indicating significant leverage which could pose risks in volatile markets. Return on equity is moderate at 9.9%, showing decent profitability relative to equity. The equity ratio stands at 33.2%, suggesting a balanced asset structure but with potential vulnerability due to high debt levels.

Cash Flow

Free cash flow growth is strong at 19.9%, demonstrating effective cash generation. The operating cash flow to net income ratio is 0.53, indicating good cash conversion. Free cash flow to net income ratio is robust at 0.75, reflecting strong cash flow relative to earnings, which is a positive indicator of financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	825.64M	836.28M	813.07M	899.55M	761.43M	510.37M
Gross Profit	278.66M	270.81M	259.09M	284.07M	212.32M	171.96M
EBITDA	109.65M	83.07M	95.19M	106.79M	69.24M	74.08M
Net Income	27.89M	7.20M	48.87M	60.27M	33.54M	36.77M
Balance Sheet
Total Assets	864.07M	860.82M	541.63M	542.63M	484.55M	400.01M
Cash, Cash Equivalents and Short-Term Investments	47.97M	32.22M	30.29M	23.14M	17.66M	28.30M
Total Debt	395.78M	413.87M	95.49M	132.36M	130.04M	95.69M
Total Liabilities	577.45M	583.30M	248.83M	286.21M	275.22M	210.91M
Stockholders Equity	286.62M	277.51M	292.80M	256.43M	209.32M	189.10M
Cash Flow
Free Cash Flow	68.48M	54.86M	63.32M	48.33M	27.05M	33.09M
Operating Cash Flow	91.55M	79.29M	86.17M	72.62M	44.91M	46.51M
Investing Cash Flow	-22.28M	-372.50M	-22.76M	-50.38M	-50.29M	-75.55M
Financing Cash Flow	-50.91M	295.10M	-56.52M	-16.32M	-5.19M	-18.32M

Myers Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYE, the sentiment is Positive. The current price of 20.53 is above the 20-day moving average (MA) of 19.90, above the 50-day MA of 19.08, and above the 200-day MA of 15.83, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 64.83 is Neutral, neither overbought nor oversold. The STOCH value of 71.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYE.

Myers Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MYE	69 Neutral	$773.22M	27.76	9.92%	2.80%	0.26%	78.05%
TRS	69 Neutral	$1.41B	32.33	6.26%	0.45%	11.83%	67.28%
KRT	69 Neutral	$491.83M	16.32	19.43%	7.94%	8.93%	6.82%
GEF	66 Neutral	$3.60B	18.76	2.08%	3.19%	-17.63%	-80.32%
SON	63 Neutral	$4.73B	4,948.45	6.39%	4.33%	8.31%	-99.39%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PACK	53 Neutral	$425.25M	-11.49	-6.68%	―	9.54%	-81.46%