Myers Industries Inc Stock Research

Market Summary

USD23.71-0.28

Market Closed

-1.17%

MYE Stock Price

MYE RSI Chart

MYE Valuation

Market Cap

865.0M

Price/Earnings (Trailing)

15.99

Price/Sales (Trailing)

0.98

EV/EBITDA

10.06

Price/Free Cashflow

14.2

MYE Price/Sales (Trailing)

MYE Profitability

EBT Margin

8.22%

Return on Equity

22.08%

Return on Assets

9.84%

Free Cashflow Yield

7.04%

MYE Fundamentals

MYE Revenue

Revenue (TTM)

881.1M

Revenue Y/Y

14%

Revenue Q/Q

-2.18%

MYE Earnings

Earnings (TTM)

54.1M

Earnings Y/Y

72.98%

Earnings Q/Q

-13.64%

Price Action

52 Week Range

15.6125.39

(Low)(High)

Last 7 days

-0.7%

Last 30 days

6.5%

Last 90 days

18.9%

Trailing 12 Months

35.7%

MYE Financial Health

Current Ratio

1.75

Debt/Equity

0.4

Debt/Cashflow

0.84

MYE Investor Care

Dividend Yield

3.1%

Dividend/Share (TTM)

0.54

Shares Dilution (1Y)

0.70%

Diluted EPS (TTM)

1.47

Peers (Alternatives to Myers Industries)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMCR	17.8B	14.6B	0.34%	5.39%	21.31	1.22	12.30%	-11.45%
IP	17.1B	21.1B	10.91%	-14.24%	8.87	0.81	12.81%	7.29%
AVY	15.2B	9.2B	4.67%	-3.76%	18.61	1.65	11.94%	9.08%
PKG	13.0B	8.5B	8.98%	-0.96%	12.54	1.52	15.42%	38.33%
MID-CAP
SEE	7.7B	5.8B	9.33%	-19.29%	13.4	1.34	7.94%	23.52%
ATR	7.4B	3.3B	3.26%	0.60%	31.01	2.2	5.62%	-0.96%
BERY	6.0B	14.5B	0.79%	-10.77%	7.93	0.41	4.66%	4.50%
SON	5.9B	7.0B	0.50%	10.28%	13.52	0.84	26.89%	367.63%
OI	2.9B	6.8B	14.29%	43.50%	4.77	0.43	7.74%	697.40%
SMALL-CAP
FOE	1.8B	-	1.57%	27.74%	12.39	1.64	-	-
KALU	1.4B	3.5B	16.92%	-3.54%	-925.51	0.39	69.37%	89.51%
MYE	865.0M	881.1M	6.47%	35.66%	15.99	0.98	25.99%	84.79%
UFPT	801.3M	318.9M	-5.77%	56.17%	21.93	2.51	63.43%	117.03%
CMT	126.2M	364.1M	15.65%	79.64%	16.16	0.35	23.44%	132.29%

Financials for Myers Industries

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2021Q4	2021Q3	2021Q2
Revenue	4.4%	881	844	761	699	632
Gross Profit	6.9%	270	253	211	199	-
S&GA Expenses	5.0%	193	184	164	157	-
EBITDA	9.1%	94	86	70	-	-
EBITDA Margin	4.5%	0.11*	0.10*	0.09*	-	-
Earnings Before Taxes	11.4%	72	65	45	39	-
EBT Margin	6.7%	0.08*	0.08*	0.06*	-	-
Interest Expenses	-	4	-	-	-	-
Net Income	11.9%	54	48	34	29	-
Net Income Margin	7.2%	0.06*	0.06*	0.04*	-	-
Free Cahsflow	63.2%	61	37	27	-	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-0.8%	550	554	517	485	495
Current Assets	-2.4%	268	275	255	220	229
Cash Equivalents	-9.0%	20	22	18	18	15
Inventory	-0.7%	108	109	100	94	90
Net PPE	3.1%	98	95	92	92	90
Goodwill	-0.8%	95	96	89	89	89
Liabilities	-3.8%	305	317	293	275	-
Current Liabilities	-4.2%	153	160	149	133	128
Long Term Debt	-5.8%	98	104	92	91	111
LT Debt, Current	NaN%	-	-	-	-	-
LT Debt, Non Current	-5.8%	98	104	92	91	111
Shareholder's Equity	3.3%	245	237	224	209	206
Retained Earnings	10.7%	-72.31	-80.97	-91.78	-104.17	-106.48
Additional Paid-In Capital	0.5%	313	312	309	307	306
Shares Outstanding	0.1%	36	36	36	36	36

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	41.8%	82	58	46	45	29
Share Based Compensation	10.3%	6	5	4	3	3
Cashflow From Investing	43.2%	-43.95	-77.39	-47.81	-50.29	-113.77
Cashflow From Financing	-212.7%	-32.25	29	3	-5.19	16
Dividend Payments	0.2%	20	20	20	20	20

Risks for MYE

What is the probability of a big loss on MYE?

86.2%

Probability that Myers Industries stock will be more than 20% underwater in next one year

46.5%

Probability that Myers Industries stock will be more than 30% underwater in next one year.

33.5%

Probability that Myers Industries stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MYE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Myers Industries was unfortunately bought at previous high price.

Drawdowns

Returns for MYE

Cumulative Returns on MYE

7.5%

10-Year Cumulative Returns

14.3%

7-Year Cumulative Returns

4.8%

5-Year Cumulative Returns

15.2%

3-Year Cumulative Returns

What are the long-term rolling returns for MYE?

FIve years rolling returns for Myers Industries.

Annualized Returns

Which funds bought or sold MYE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	STRS OHIO	new	-	197,000	197,000	-%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	added	0.82	71,494	268,494	-%
2023-01-26	Accel Wealth Management	sold off	-100	-30,000	-	-%
2023-01-26	NJ State Employees Deferred Compensation Plan	unchanged	-	91,680	355,680	0.06%
2023-01-26	State of Tennessee, Treasury Department	added	55.89	55,000	482,000	-%
2023-01-26	CENTRAL TRUST Co	unchanged	-	8,345	33,345	-%
2023-01-26	COMERICA BANK	reduced	-22.32	35,000	525,000	-%
2023-01-25	Lindbrook Capital, LLC	added	587.5	2,445	2,445	-%
2023-01-25	Versant Capital Management, Inc	reduced	-3.53	4,851	18,851	0.01%
2023-01-25	WHITTIER TRUST CO	reduced	-48.8	-10,692	23,308	-%

Latest Funds Activity

Are funds buying MYE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MYE

No. of Funds

Myers Industries News

Schedule 13G FIlings of Myers Industries

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 23, 2023	blackrock inc.	15.8%	5,767,999	SC 13G/A
Jan 13, 2023	allspring global investments holdings, llc	5.71%	2,084,653	SC 13G/A
Apr 11, 2022	price t rowe associates inc /md/	10.9%	3,983,440	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	9.1%	3,330,909	SC 13G/A
Feb 10, 2022	william blair investment management, llc	5.1%	1,847,407	SC 13G
Feb 10, 2022	vanguard group inc	6.84%	2,477,910	SC 13G/A
Jan 27, 2022	blackrock inc.	15.8%	5,736,819	SC 13G/A
Jan 27, 2022	wells fargo & company/mn	0.13%	47,829	SC 13G/A
Jan 25, 2022	blackrock inc.	15.8%	5,736,819	SC 13G
Jan 18, 2022	allspring global investments holdings, llc	5.72%	2,071,394	SC 13G

MYE Fair Value

Recent SEC filings of Myers Industries

View All Filings

Date Filed	Form Type	Document
Jan 23, 2023	SC 13G/A	Major Ownership Report
Jan 13, 2023	SC 13G/A	Major Ownership Report
Nov 25, 2022	SC 13D/A	13D - Major Acquisition
Nov 14, 2022	4	Insider Trading
Nov 02, 2022	4	Insider Trading
Oct 27, 2022	8-K	Current Report
Oct 27, 2022	10-Q	Quarterly Report

Latest Insider Trading transactions for MYE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-14	LIEBAU FREDERIC JACK JR	sold	-315,814	21.0543	-15,000	-
2022-11-01	Bright Yvette Dapremont	bought	10,325	20.65	500	-
2022-09-16	FOLEY WILLIAM A	bought	17,498	17.498	1,000	-
2022-09-01	Baker Jeffrey Jon	acquired	-	-	4,873	vp, shared services
2022-09-01	Baker Jeffrey Jon	sold (taxes)	-25,571.1	18.83	-1,358	vp, shared services
2022-08-17	Gurnee Jim	acquired	-	-	4,562	vp sales/marketing/commercial
2022-08-17	Gurnee Jim	sold (taxes)	-28,279.3	21.67	-1,305	vp sales/marketing/commercial
2022-04-28	COFFIN SARAH R	acquired	-	-	4,110	-
2022-04-28	LISMAN BRUCE M	acquired	-	-	4,110	-
2022-04-28	Bright Yvette Dapremont	acquired	-	-	4,110	-

About Myers Industries

Michael P. McGaugh

www.myersindustries.com

2720

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.

MYE Income Statement

2022-09-30

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 228,065	$ 200,058	$ 686,707	$ 561,856
Cost of sales	156,417	145,860	468,415	402,251
Gross profit	71,648	54,198	218,292	159,605
Selling, general and administrative expenses	51,756	42,531	152,066	122,200
Gain on disposal of fixed assets	(5)	(150)	(693)	(1,146)
Operating income	19,897	11,817	66,919	38,551
Interest expense, net	1,719	1,056	4,077	3,050
Income before income taxes	18,178	10,761	62,842	35,501
Income tax expense	4,507	2,858	16,003	9,218
Net income	$ 13,671	$ 7,903	$ 46,839	$ 26,283
Net income per common share:
Basic	$ 0.37	$ 0.22	$ 1.29	$ 0.73
Diluted	$ 0.37	$ 0.22	$ 1.28	$ 0.72

MYE Balance Sheet

2022-09-30

Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 20,424	$ 17,655
Accounts receivable, less allowances of $2,932 and $3,229, respectively	128,839	100,691
Income tax receivable	0	2,517
Inventories, net	108,158	93,551
Prepaid expenses and other current assets	10,491	5,500
Total Current Assets	267,912	219,914
Property, plant, and equipment, net	97,898	92,049
Right of use asset - operating leases	29,809	29,285
Goodwill	95,283	88,778
Intangible assets, net	53,408	50,181
Deferred income taxes	105	106
Other	5,309	4,236
Total Assets	549,724	484,549
Current Liabilities
Accounts payable	97,131	81,690
Accrued employee compensation	22,635	21,616
Income taxes payable	2,290	0
Accrued taxes payable, other than income taxes	3,704	2,759
Accrued interest	436	966
Other current liabilities	20,463	19,628
Operating lease liability - short-term	6,155	5,341
Finance lease liability - short-term	513	500
Total Current Liabilities	153,327	132,500
Long-term debt	97,961	90,945
Operating lease liability - long-term	23,666	23,815
Finance lease liability - long-term	9,050	9,437
Other liabilities	13,691	13,086
Deferred income taxes	7,052	5,441
Total Liabilities	304,747	275,224
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 36,482,424 and 36,262,259; net of treasury shares of 6,070,033 and 6,290,198, respectively)	22,321	22,172
Additional paid-in capital	313,348	306,720
Accumulated other comprehensive loss	(18,386)	(15,401)
Retained deficit	(72,306)	(104,166)
Total Shareholders’ Equity	244,977	209,325
Total Liabilities and Shareholders’ Equity	$ 549,724	$ 484,549