MYE - Myers Industries Inc Stock Price, Fair Value and News

22.01USD-0.01 (-0.05%)Market Closed

Market Summary

USD22.01-0.01

Market Closed

-0.05%

MYE Stock Price

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MYE RSI Chart

MYE Valuation

Market Cap

811.8M

Price/Earnings (Trailing)

16.61

Price/Sales (Trailing)

EV/EBITDA

8.58

Price/Free Cashflow

12.82

MYE Price/Sales (Trailing)

MYE Profitability

EBT Margin

8.12%

Return on Equity

16.69%

Return on Assets

9.02%

Free Cashflow Yield

7.8%

MYE Fundamentals

MYE Revenue

Revenue (TTM)

813.1M

Rev. Growth (Yr)

-10.23%

Rev. Growth (Qtr)

-3.4%

MYE Earnings

Earnings (TTM)

48.9M

Earnings Growth (Yr)

-6.62%

Earnings Growth (Qtr)

-1.63%

Breaking Down MYE Revenue

Last 7 days

2.8%

Last 30 days

-4.4%

Last 90 days

17.2%

Trailing 12 Months

10.5%

How does MYE drawdown profile look like?

MYE Financial Health

Current Ratio

1.55

Debt/Equity

0.11

Debt/Cashflow

2.69

MYE Investor Care

Dividend Yield

2.45%

Dividend/Share (TTM)

0.54

Shares Dilution (1Y)

0.83%

Diluted EPS (TTM)

1.32

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	889.8M	865.1M	834.8M	813.1M
2022	809.9M	858.3M	886.3M	899.5M
2021	562.5M	631.5M	674.8M	761.4M
2020	498.8M	482.9M	489.7M	510.4M
2019	553.3M	547.0M	537.3M	515.7M
2018	563.0M	568.3M	568.5M	566.7M
2017	523.8M	520.8M	530.2M	547.0M
2016	592.4M	566.3M	550.3M	534.4M
2015	629.5M	641.1M	620.6M	601.5M
2014	590.3M	589.4M	610.1M	623.6M
2013	555.4M	565.2M	574.9M	584.7M
2012	758.9M	762.8M	769.7M	545.6M
2011	746.7M	748.1M	751.3M	755.7M
2010	0	713.8M	725.7M	737.6M
2009	0	0	0	701.8M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Myers Industries Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 16, 2024	mcgaugh michael	acquired	-	-	110,481	president and ceo
Mar 16, 2024	baker jeffrey jon	acquired	-	-	14,217	vp, shared services
Mar 16, 2024	baker jeffrey jon	sold (taxes)	-79,900	20.84	-3,834	vp, shared services
Mar 16, 2024	gurnee jim	acquired	-	-	11,817	vp sales/marketing/commercial
Mar 16, 2024	mcgaugh michael	sold (taxes)	-957,848	20.84	-45,962	president and ceo
Mar 16, 2024	gurnee jim	sold (taxes)	-68,271	20.84	-3,276	vp sales/marketing/commercial
Aug 29, 2023	bright yvette dapremont	bought	18,690	18.69	1,000	-
Aug 08, 2023	mcgaugh michael	bought	46,185	18.474	2,500	president and ceo
Apr 27, 2023	lutey lori a.	acquired	-	-	5,294	-
Apr 27, 2023	liebau frederic jack jr	acquired	-	-	5,294	-

Which funds bought or sold MYE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.09	61,974	421,694	0.01%
Apr 23, 2024	AMALGAMATED BANK	reduced	-24.87	-34,000	276,000	-%
Apr 23, 2024	WASHINGTON TRUST Co	unchanged	-	3,258	20,853	-%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	334	1,599	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	30,368	366,484	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.9	77,000	519,000	0.01%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	23,184	288,243	0.01%
Apr 18, 2024	McGlone Suttner Wealth Management, Inc.	sold off	-100	-2,065	-	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-1.95	6,750,320	48,407,300	0.08%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	87.00	556	-%

Are Funds Buying or Selling MYE?

Are funds buying MYE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MYE

No. of Funds

Unveiling Myers Industries Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 16, 2024	t. rowe price investment management, inc.	2.5%	920,216	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	2.5%	920,216	SC 13G/A
Feb 13, 2024	vanguard group inc	7.23%	2,664,405	SC 13G/A
Jan 22, 2024	blackrock inc.	15.9%	5,864,343	SC 13G/A
Jan 12, 2024	allspring global investments holdings, llc	5.78%	2,130,794	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	9.0%	3,280,083	SC 13G/A
Feb 09, 2023	william blair investment management, llc	4.3%	1,552,236	SC 13G/A
Feb 09, 2023	vanguard group inc	7.01%	2,557,365	SC 13G/A
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

Recent SEC filings of Myers Industries Inc

View All Filings

Date Filed	Form Type	Document
Apr 19, 2024	8-K/A	Current Report
Mar 28, 2024	11-K	Employee Benefit Details
Mar 27, 2024	DEFA14A	DEFA14A
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 18, 2024	8-K	Current Report
Mar 18, 2024	ARS	ARS
Mar 18, 2024	DEF 14A	DEF 14A
Mar 12, 2024	4	Insider Trading

Peers (Alternatives to Myers Industries Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AVY	17.0B	8.4B	-1.99%	17.97%	33.82	2.03	-7.47%	-33.56%
PKG	15.3B	7.8B	-7.57%	17.82%	20	1.96	-7.97%	-25.69%
AMCR	13.0B	14.0B	-2.71%	-18.88%	20.19	0.92	-6.26%	-39.85%
IP	11.9B	18.9B	-12.98%	-5.44%	41.37	0.63	-10.61%	-80.85%
MID-CAP
CCK	9.5B	12.0B	1.32%	-0.61%	19.99	0.79	-7.21%	-37.42%
GPK	8.3B	9.4B	-4.04%	9.99%	11.46	0.88	-0.13%	38.51%
REYN	6.0B	3.8B	1.35%	3.21%	20.18	1.6	-1.61%	15.50%
SLGN	5.0B	6.0B	4.51%	-12.99%	15.43	0.84	-6.60%	-4.37%
SEE	4.6B	5.5B	-11.15%	-32.68%	13.32	0.83	-2.71%	-30.51%
OI	2.3B	7.1B	-3.06%	-30.58%	-22.19	0.32	3.63%	-117.64%
SMALL-CAP
TRS	1.1B	893.5M	2.02%	-1.87%	26.68	1.21	1.10%	-39.01%
MYE	811.8M	813.1M	-4.38%	10.53%	16.61	1	-9.61%	-18.92%
PACK	612.9M	336.3M	-1.59%	68.55%	-22.62	1.82	3.00%	34.54%
TUP	48.9M	1.1B	-26.90%	-10.92%	-0.12	0.04	-17.21%	-907.42%
DSS	12.2M	30.3M	-9.42%	-57.70%	-0.15	0.4	-36.04%	-34.70%

Myers Industries Inc News

Latest updates

Myers Industries Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-3.4%	191	198	208	216	213	228	233	225	200	200	194	187	174	137	132	118	122	117	125	134	139
Gross Profit	-8.3%	57.00	62.00	68.00	71.00	65.00	72.00	75.00	72.00	52.00	54.00	-	55.00	50.00	40.00	47.00	43.00	42.00	39.00	40.00	47.00	46.00
S&GA Expenses	-11.3%	39.00	44.00	52.00	52.00	47.00	52.00	52.00	48.00	41.00	43.00	-	40.00	40.00	35.00	34.00	30.00	31.00	30.00	32.00	37.00	34.00
EBITDA Margin	12.3%	0.12*	0.10*	0.11*	0.11*	0.12*	0.11*	0.10*	0.10*	0.09*	0.10*	0.10*	0.11*	0.11*	-	-	-	-	-	-	-	-
Income Taxes	6.2%	5.00	4.00	4.00	4.00	2.00	5.00	6.00	6.00	2.00	3.00	-	4.00	3.00	1.00	3.00	3.00	6.00	2.00	2.00	3.00	3.00
Earnings Before Taxes	0.4%	17.00	17.00	14.00	17.00	15.00	18.00	21.00	23.00	10.00	11.00	-	15.00	10.00	4.00	12.00	11.00	22.00	8.00	7.00	9.00	9.00
EBT Margin	5.7%	0.08*	0.08*	0.08*	0.08*	0.09*	0.08*	0.08*	0.07*	0.06*	0.05*	0.06*	0.06*	0.06*	-	-	-	-	-	-	-	-
Net Income	-1.6%	13.00	13.00	11.00	13.00	13.00	14.00	16.00	17.00	7.00	8.00	-	11.00	7.00	3.00	9.00	8.00	17.00	6.00	5.00	7.00	7.00
Net Income Margin	0.8%	0.06*	0.06*	0.06*	0.06*	0.07*	0.06*	0.06*	0.05*	0.04*	0.04*	0.04*	0.05*	0.05*	-	-	-	-	-	-	-	-
Free Cashflow	-34.5%	12.00	18.00	17.00	17.00	15.00	10.00	21.00	2.00	28.00	-13.80	12.00	12.00	1.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.0%	542	531	543	556	543	550	554	517	485	495	430	420	400	366	355	349	353	357	353	346	349
Current Assets	3.7%	257	247	257	267	257	268	275	255	220	229	201	191	184	212	199	191	185	187	195	184	183
Cash Equivalents	22.3%	30.00	25.00	31.00	28.00	23.00	20.00	22.00	18.00	18.00	15.00	14.00	17.00	28.00	84.00	72.00	73.00	76.00	75.00	75.00	67.00	59.00
Inventory	-5.6%	91.00	96.00	98.00	102	93.00	108	109	100	94.00	90.00	79.00	70.00	66.00	48.00	50.00	49.00	44.00	44.00	42.00	42.00	44.00
Net PPE	0.9%	108	107	107	106	102	98.00	95.00	92.00	92.00	90.00	84.00	83.00	74.00	54.00	54.00	54.00	55.00	56.00	57.00	59.00	65.00
Goodwill	0.3%	95.00	95.00	95.00	95.00	95.00	95.00	96.00	89.00	89.00	89.00	80.00	79.00	79.00	66.00	66.00	66.00	67.00	66.00	60.00	59.00	-
Liabilities	0.0%	249	249	268	291	286	305	317	293	275	-	-	-	211	-	-	-	-	-	-	-	-
Current Liabilities	0.7%	165	164	164	175	138	153	160	149	133	128	127	114	142	125	120	120	83.00	89.00	87.00	87.00	97.00
Long Term Debt	-5.9%	32.00	34.00	53.00	63.00	94.00	98.00	104	92.00	91.00	111	58.00	71.00	38.00	38.00	37.00	37.00	77.00	77.00	77.00	77.00	77.00
LT Debt, Current	0.0%	26.00	26.00	26.00	26.00	-	-	-	-	-	-	-	-	40.00	40.00	40.00	40.00	-	-	-	-	-
LT Debt, Non Current	-5.9%	32.00	34.00	53.00	63.00	94.00	98.00	104	92.00	91.00	111	58.00	71.00	38.00	38.00	37.00	37.00	77.00	77.00	77.00	77.00	77.00
Shareholder's Equity	3.7%	293	282	274	265	256	245	237	224	209	206	202	194	189	188	182	176	167	164	162	158	155
Retained Earnings	17.4%	-35.52	-43.01	-50.72	-56.24	-63.98	-72.31	-80.97	-91.78	-104	-106	-109	-115	-117	-115	-119	-123	-135	-136	-136	-138	-141
Additional Paid-In Capital	0.6%	323	321	320	317	316	313	312	309	307	306	304	303	301	299	298	297	296	296	294	293	293
Accumulated Depreciation	-	289	-	-	-	278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	0.1%	37.00	37.00	37.00	37.00	37.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	490	-	-	-	471	-	-	-	517	-	-	-	344	-	-	-	350	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-30.4%	15,400	22,134	22,852	25,786	21,862	16,460	27,007	7,292	31,370	-7,757	14,713	6,588	15,173	19,549	6,758	5,027	7,534	23,319	10,872	12,598	19,273
Share Based Compensation	132.2%	1,593	686	2,488	1,904	2,268	1,308	2,133	1,727	595	772	676	1,153	771	1,417	693	653	-1,633	1,128	1,262	958	725
Cashflow From Investing	15.4%	-3,447	-4,076	-6,016	-9,218	-10,038	-6,646	-29,713	-3,984	-3,603	-40,091	-134	-6,461	-67,082	-3,391	-3,099	-1,981	-4,602	-19,263	1,555	1,553	-1,563
Cashflow From Financing	71.6%	-6,740	-23,758	-14,548	-11,470	-8,962	-11,663	7,744	-3,436	-24,893	49,198	-17,689	-11,804	-3,697	-4,756	-4,727	-5,136	-2,234	-4,408	-4,578	-5,768	-5,063
Dividend Payments	0.1%	4,974	4,970	5,022	5,274	4,925	4,938	4,995	4,939	4,895	4,892	4,903	4,906	4,855	4,834	4,837	4,899	4,792	4,791	4,793	4,940	4,823

MYE Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 813,067	$ 899,547	$ 761,435
Cost of sales	553,981	616,181	550,014
Gross profit	259,086	283,366	211,421
Selling, general and administrative expenses	186,876	199,489	163,502
(Gain) loss on disposal of fixed assets	(195)	(667)	(1,382)
Other (income) expenses	0	603	0
Operating income	72,405	83,941	49,301
Interest expense, net	6,349	5,731	4,208
Income before income taxes	66,056	78,210	45,093
Income tax expense	17,189	17,943	11,555
Net income	$ 48,867	$ 60,267	$ 33,538
Net income per common share:
Basic	$ 1.33	$ 1.66	$ 0.93
Diluted	1.32	1.64	0.92
Dividends declared per share	$ 0.54	$ 0.54	$ 0.54

MYE Balance Sheet

2023-12-31

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash	$ 30,290	$ 23,139
Trade accounts receivable, less allowances of $4,189 and $3,259, respectively	113,907	126,184
Other accounts receivable, net	14,726	7,532
Inventories, net	90,844	93,351
Prepaid expenses and other current assets	6,854	7,001
Total Current Assets	256,621	257,207
Property, plant, and equipment, net	107,933	101,566
Right of use asset - operating leases	27,989	28,908
Goodwill	95,392	95,157
Intangible assets, net	45,129	51,752
Deferred income taxes	209	129
Other	8,358	7,915
Total Assets	541,631	542,634
Current Liabilities
Accounts payable	79,050	73,536
Accrued employee compensation	17,104	24,664
Income taxes payable	4,253	2,054
Accrued taxes payable, other than income taxes	2,582	3,169
Accrued interest	1,112	1,264
Other current liabilities	28,472	26,380
Operating lease liability - short-term	5,943	6,177
Finance lease liability - short-term	593	518
Long-term debt - current portion	25,998	0
Total Current Liabilities	165,107	137,762
Long-term debt	31,989	93,962
Operating lease liability - long-term	22,352	22,786
Finance lease liability - long-term	8,615	8,919
Other liabilities	12,108	15,270
Deferred income taxes	8,660	7,508
Total Liabilities	248,831	286,207
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 36,848,465 and 36,500,020; net of treasury shares of 5,703,992 and 6,052,437, respectively)	22,608	22,332
Additional paid-in capital	322,526	315,865
Accumulated other comprehensive loss	(16,815)	(17,793)
Retained deficit	(35,519)	(63,977)
Total Shareholders’ Equity	292,800	256,427
Total Liabilities and Shareholders’ Equity	$ 541,631	$ 542,634

About Myers Industries Inc

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and 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 to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle 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 under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. 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.

CEO	Mr. Michael P. McGaugh
WEBSITE	myersindustries.com
INDUSTRY	Packers
EMPLOYEES	2500

Myers Industries Inc Frequently Asked Questions

What is the ticker symbol for Myers Industries Inc? What does MYE stand for in stocks?

MYE is the stock ticker symbol of Myers Industries Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Myers Industries Inc (MYE)?

As of Tue Apr 23 2024, market cap of Myers Industries Inc is 811.83 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MYE stock?

You can check MYE's fair value in chart for subscribers.

What is the fair value of MYE stock?

You can check MYE's fair value in chart for subscribers. The fair value of Myers Industries Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Myers Industries Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MYE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Myers Industries Inc a good stock to buy?

The fair value guage provides a quick view whether MYE is over valued or under valued. Whether Myers Industries Inc is cheap or expensive depends on the assumptions which impact Myers Industries Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MYE.

What is Myers Industries Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, MYE's PE ratio (Price to Earnings) is 16.61 and Price to Sales (PS) ratio is 1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MYE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Myers Industries Inc's stock?

In the past 10 years, Myers Industries Inc has provided 0.037 (multiply by 100 for percentage) rate of return.