Myers Industries (MYE) AI Stock Analysis

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Myers Industries

(NYSE:MYE)

Rating:67Neutral

Price Target:―

Myers Industries has a moderate overall stock score, reflecting stable financial performance with room for margin improvement and effective cash management. Technical indicators show mixed sentiment, with potential overvaluation concerns due to a high P/E ratio. Positive corporate events and strategic initiatives highlight opportunities for future growth, though economic uncertainties and flat revenue growth remain concerns.

Myers Industries (MYE) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$450.83M

Dividend Yield4.48%

Average Volume (3M)228.73K

Price to Earnings (P/E)43.1

Beta (1Y)0.79

Revenue Growth3.92%

EPS Growth-73.64%

CountryUS

Employees2,700

SectorConsumer Cyclical

Sector Strength75

IndustryPackaging & Containers

Share Statistics

EPS (TTM)0.22

Shares Outstanding37,382,290

10 Day Avg. Volume157,863

30 Day Avg. Volume228,730

Financial Highlights & Ratios

PEG Ratio0.91

Price to Book (P/B)1.56

Price to Sales (P/S)0.00

P/FCF Ratio10.20

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusHold

Number of Analyst Covering1

Myers Industries Business Overview & Revenue Model

Company DescriptionMyers Industries, Inc. (MYE) is a diversified manufacturing and distribution company based in the United States. The company operates in two primary segments: Material Handling and Distribution. The Material Handling segment designs and manufactures a wide range of plastic and metal products, including storage containers, pallets, and other reusable packaging solutions for industrial, agricultural, automotive, and consumer markets. The Distribution segment, under its Myers Tire Supply brand, provides tire service supplies, tools, and equipment to the tire, wheel, and under-vehicle service industry.

How the Company Makes MoneyMyers Industries generates revenue through the sale of its products and services across its two main business segments. In the Material Handling segment, the company earns money by designing, manufacturing, and selling a diverse array of plastic and metal products. These products are sold to a variety of industries, including agriculture, automotive, and consumer markets. The Distribution segment contributes to the company's revenue by selling tire service supplies, tools, and equipment primarily to the tire, wheel, and under-vehicle service industries. The company also benefits from strategic partnerships and long-term relationships with its customers, which help to sustain its revenue streams.

Myers Industries Financial Statement Overview

Summary

Myers Industries shows a stable financial profile with moderate profitability and effective cash management. While revenue growth has been challenging, the company maintains a reasonable balance sheet with manageable leverage. Continued focus on improving margins and revenue growth will be key to enhancing financial performance.

Income Statement

Positive

The income statement shows moderate profitability with a gross profit margin of 33.0% and a net profit margin of 1.3% for TTM. Revenue growth has been inconsistent, showing a -7.1% decline from 2022 to 2023 and a slight decrease in TTM. EBIT and EBITDA margins are 6.0% and 10.2% respectively, indicating reasonable operational efficiency but with room for improvement in net profitability.

Balance Sheet

Positive

The balance sheet indicates a stable financial position with a debt-to-equity ratio of 1.52, showing moderate leverage. The return on equity (ROE) is 3.8% for TTM, reflecting modest returns for shareholders. The equity ratio stands at 31.4%, suggesting a balanced capital structure, though maintaining a cautious eye on debt levels is advised.

Cash Flow

Positive

Cash flow analysis reveals solid operational cash generation with an operating cash flow to net income ratio of 6.58. Free cash flow growth is healthy, though it declined from 2022 to 2023. The free cash flow to net income ratio is 4.03, highlighting effective cash management and potential for reinvestment or debt reduction.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
835.93M	836.28M	813.07M	899.55M	761.43M	510.37M
	Gross Profit
275.81M	270.81M	259.09M	283.37M	211.42M	171.96M
	EBIT
50.58M	44.48M	72.41M	83.94M	49.30M	53.55M
	EBITDA
85.13M	83.07M	95.19M	105.16M	49.30M	53.55M
	Net Income Common Stockholders
10.50M	7.20M	48.87M	60.27M	33.54M	36.77M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
35.30M	32.22M	30.29M	23.14M	17.66M	28.30M
	Total Assets
883.84M	860.82M	541.63M	542.63M	484.55M	400.01M
	Total Debt
421.09M	413.87M	95.49M	132.36M	130.04M	95.69M
	Net Debt
385.79M	381.65M	65.20M	109.22M	112.38M	67.39M
	Total Liabilities
606.42M	583.30M	248.83M	286.21M	275.22M	210.91M
	Stockholders Equity
277.42M	277.51M	292.80M	256.43M	209.32M	189.10M
Cash Flow		Free Cash Flow
42.34M	54.86M	63.32M	48.33M	27.05M	33.09M
	Operating Cash Flow
69.15M	79.29M	86.17M	72.62M	44.91M	46.51M
	Investing Cash Flow
-25.99M	-372.50M	-22.76M	-50.38M	-50.29M	-75.55M
	Financing Cash Flow
-40.79M	295.10M	-56.52M	-16.32M	-5.19M	-18.32M

Myers Industries Technical Analysis

Technical Analysis Sentiment

Positive

Last Price12.06

Price Trends

50DMA

11.35

Positive

100DMA

11.44

Positive

200DMA

12.01

Positive

Market Momentum

MACD

0.39

Positive

RSI

56.32

Neutral

STOCH

16.20

Positive

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 12.06 is above the 20-day moving average (MA) of 11.86, above the 50-day MA of 11.35, and above the 200-day MA of 12.01, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 56.32 is Neutral, neither overbought nor oversold. The STOCH value of 16.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYE.

Myers Industries Risk Analysis

Myers Industries disclosed 27 risk factors in its most recent earnings report. Myers Industries reported the most risks in the “Finance & Corporate” category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 3 New Risks

Our common stock has experienced, and may continue to experience, price volatility. Q4, 2024

Impairment in the carrying value of goodwill could have a material adverse effect on our results of operations and financial position. Q4, 2024

We may incur losses and additional costs as a result of our hedging transactions. Q4, 2024

Myers Industries Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRT	78 Outperform	$621.24M	20.65	19.64%	5.00%	6.21%	1.47%
AMBP	71 Outperform	$2.29B	―	-69.06%	10.44%	4.42%	70.21%
TRS	69 Neutral	$1.03B	33.03	4.64%	0.63%	3.80%	-20.92%
MYE	67 Neutral	$450.83M	43.09	3.69%	4.48%	3.92%	-73.64%
OI	65 Neutral	$2.02B	―	-13.85%	―	-5.29%	18.22%
Sector *	62 Neutral	$6.84B	11.23	3.09%	3.95%	2.66%	-25.23%
PACK	54 Neutral	$284.71M	―	-3.89%	―	10.11%	6.77%

* Consumer Cyclical Sector Average

Performance Comparison

MYE

Myers Industries

12.06

-2.72

-18.40%

O-I Glass

13.05

0.34

2.68%

TRS

Trimas

25.42

-1.12

-4.22%

PACK

Ranpak Holdings

3.38

-3.00

-47.02%

KRT

Karat Packaging Inc

30.97

4.08

15.17%

AMBP

Ardagh Metal Packaging

3.83

0.46

13.65%

Myers Industries Earnings Call Summary

Earnings Call Date:May 01, 2025

(Q1-2025)

% Change Since: 14.86%|

Next Earnings Date:Jul 31, 2025

Earnings Call Sentiment Neutral

The earnings call presented a mixed outlook. While there were notable improvements in margins, cost control, and successful acquisition integration, challenges persist with flat revenue growth, declines in the Distribution segment, and economic uncertainty affecting the vehicle market.

Q1-2025 Updates

Positive Updates

Improved Margins and Cost Control

Margins improved as the company managed costs effectively. SG&A expenses were reduced as a percentage of sales, leading to an increase in EPS.

Successful Integration of Signature Acquisition

The Signature acquisition contributed to a 3.6% increase in Material Handling sales. The acquisition also delivered $12 million in cost synergies, exceeding the original $8 million target.

Resilience to Tariff Impacts

With a predominantly domestic supply chain and less than 15% of Distribution products sourced from China, the company expects minimal direct impact from tariffs.

Focused Transformation Program

The company is implementing a Focused Transformation program aimed at achieving $20 million in annualized cost savings by year-end 2025, primarily in SG&A.

Strong Liquidity Position

The company maintained total liquidity of $267 million, including $231.7 million of availability under the revolving credit facility.

Negative Updates

Flat Revenue Growth

First quarter revenue was flat year-over-year, with growth in Material Handling offset by softness in the Distribution segment.

Distribution Segment Decline

Distribution net sales decreased by 10.3% due to lower volume and pricing, impacting the segment's adjusted EBITDA.

Free Cash Flow Challenges

Operating cash flow was lower this quarter due to an increase in working capital related to accounts receivable timing and inventory build-up.

Economic Uncertainty in Vehicle Market

The vehicle end market, including RV and marine, is expected to decline due to economic uncertainty, tariff impacts, and high interest rates.

Company Guidance

In the call, Myers Industries provided guidance on several key metrics for 2025. First-quarter net sales were $206.8 million, remaining flat year-over-year, with growth in Material Handling, attributed to the Signature acquisition, offset by softness in the Distribution segment. Adjusted gross margin expanded by 80 basis points to 33.5%, driven by favorable product mix and cost management. Adjusted operating income increased to $18.7 million, improving the margin by 100 basis points to 9% of sales. The company also reported an adjusted EBITDA margin expansion of 170 basis points. Myers aims for annualized cost savings of $20 million by year-end 2025, primarily in SG&A, and has launched a $10 million share repurchase plan, with $1 million already repurchased. The company maintains a CapEx target of around 3% of sales and total liquidity of $267 million, aiming to support growth initiatives and return cash to shareholders. Looking ahead, Myers anticipates moderate growth in industrial applications, strong growth in infrastructure, and stable sales in consumer and food & beverage sectors, while the vehicle market is expected to decline due to economic uncertainties.

Myers Industries Corporate Events

Stock BuybackBusiness Operations and StrategyFinancial Disclosures

Myers Industries Reports Strong Q1 2025 Results

Positive

May 1, 2025

On May 1, 2025, Myers Industries announced its first-quarter results, highlighting improvements in gross profit, operating income, and earnings per share despite flat sales. The company attributed these gains to its Signature acquisition and strong performance in its Scepter military products. Myers Industries also reported a reduction in SG&A expenses, reflecting progress in its ‘Focused Transformation’ efforts, which aim to enhance financial performance and foster a culture of accountability. The company activated a $10 million share repurchase program and emphasized its U.S.-based manufacturing as a strategic advantage in providing supply chain options and mitigating tariff impacts.

Executive/Board Changes

Myers Industries Announces CFO Resignation and Interim Appointment

Neutral

Apr 2, 2025

On April 2, 2025, Myers Industries, Inc. announced the resignation of Grant Fitz, the Executive Vice President and Chief Financial Officer, effective May 2, 2025. Daniel Hoehn, the Vice President and Corporate Controller, will serve as Interim CFO following Fitz’s departure. The company has initiated a search for a permanent CFO, and these leadership changes are not related to any accounting or financial issues.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.