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Upturn AI SWOT - About
MYE 
Myers Industries Inc (MYE)
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Upturn Advisory Summary
04/01/2025: MYE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -38.22% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 471.05M USD | Price to earnings Ratio 66.47 | 1Y Target Price 22 |
Price to earnings Ratio 66.47 | 1Y Target Price 22 | ||
Volume (30-day avg) 471626 | Beta 1.23 | 52 Weeks Range 9.22 - 22.11 | Updated Date 04/2/2025 |
52 Weeks Range 9.22 - 22.11 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 4.39% | Basic EPS (TTM) 0.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.86% | Operating Margin (TTM) 10.44% |
Management Effectiveness
Return on Assets (TTM) 6.88% | Return on Equity (TTM) 2.53% |
Valuation
Trailing PE 66.47 | Forward PE - | Enterprise Value 840762316 | Price to Sales(TTM) 0.56 |
Enterprise Value 840762316 | Price to Sales(TTM) 0.56 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 10.12 | Shares Outstanding 37296000 | Shares Floating 36648879 |
Shares Outstanding 37296000 | Shares Floating 36648879 | ||
Percent Insiders 1.74 | Percent Institutions 91.12 |
Analyst Ratings
Rating 3 | Target Price 22 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Myers Industries Inc
Company Overview
History and Background
Myers Industries, Inc. was founded in 1933 by Louis Myers as a tire repair business. Over time, it diversified into polymer products and material handling solutions, growing through acquisitions and organic expansion.
Core Business Areas
- Material Handling: This segment produces and distributes a wide array of durable plastic containers, pallets, and related products for various industries, including food processing, manufacturing, and distribution.
- Distribution: This segment focuses on the distribution of tire repair and retread products, as well as equipment and tools for the automotive aftermarket.
Leadership and Structure
The company is led by a Chief Executive Officer and has a typical corporate structure with a board of directors and various executive-level positions responsible for different functional areas.
Top Products and Market Share
Key Offerings
- Containers: A broad range of durable plastic containers used in industries like agriculture, manufacturing, and food processing. Market share information is difficult to pinpoint precisely; these are very diverse and fragmented markets. Competitors include ORBIS Corporation, IPL Plastics, and Mauser Packaging Solutions.
- Pallets: Plastic pallets designed for material handling and warehousing. Similar to containers, the market is fragmented. Competitors include Rehrig Pacific Company, Schoeller Allibert, and CABKA Group.
- Tire Repair Materials: Patches, cements, and tools for tire repair and retreading in the automotive aftermarket. Market share varies by region. Competitors include Tech International, 31 Incorporated, and Patch Rubber Company.
Market Dynamics
Industry Overview
The industries in which Myers Industries operates are characterized by moderate growth, cyclical demand, and competitive pricing pressures. The material handling sector is driven by e-commerce growth and increasing automation. The automotive aftermarket is affected by vehicle miles traveled and vehicle age.
Positioning
Myers Industries positions itself as a leading provider of durable plastic solutions and value-added distribution services. Its competitive advantages include a broad product portfolio, strong customer relationships, and a well-established distribution network.
Total Addressable Market (TAM)
The TAM for plastic containers and material handling solutions is estimated to be in the tens of billions of dollars globally. Myers Industries, with its diversified product offerings, captures a portion of this market. Estimations for the retreading and tire repair is estimated to be in the billions as well.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Strong customer relationships
- Established distribution network
- Experience in M&A
Weaknesses
- Exposure to cyclical industries
- Reliance on raw material prices
- Integration challenges from acquisitions
Opportunities
- Expansion into new geographic markets
- Development of innovative products
- Growth in e-commerce and automation
- Further strategic acquisitions
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material prices
- Changing customer preferences
Competitors and Market Share
Key Competitors
- ORBIS Corporation (Private)
- Greif Inc (GEF)
- Mauser Packaging Solutions (Private)
Competitive Landscape
Myers Industries (MYE) operates in a competitive landscape. Key advantages include its product breadth and established distribution network. Disadvantages may include exposure to cyclical industries and integration challenges.
Major Acquisitions
Elkhart Plastics
- Year: 2018
- Acquisition Price (USD millions): 73.5
- Strategic Rationale: Expanded Myers' rotational molding capabilities and presence in the RV and industrial markets.
Growth Trajectory and Initiatives
Historical Growth: Refer to Myers Industries (MYE) latest financial statements for historical growth trends.
Future Projections: Refer to analyst estimates for MYE's future growth based on analyst estimates. Information is commonly found in financial news articles and research reports.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Myers Industries Inc. by consulting their quarterly results and investor presentations.
Summary
Myers Industries is a diversified manufacturer and distributor with a solid history. They benefit from a diversified product line and established distribution network. Cyclical industry exposure and fluctuating raw material prices present challenges, but strategic acquisitions could drive future growth. Recent acquisitions have focused on new or adjacent markets.
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Sources and Disclaimers
Data Sources:
- Myers Industries Investor Relations
- SEC Filings
- Financial News Articles
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is approximate and may vary. Future performance is not guaranteed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Myers Industries Inc
Exchange NYSE | Headquaters Akron, OH, United States | ||
IPO Launch date 1987-09-08 | President, CEO & Director Mr. Aaron M. Schapper | ||
Sector Consumer Cyclical | Industry Packaging & Containers | Full time employees 2700 | Website https://www.myersindustries.com |
Full time employees 2700 | Website https://www.myersindustries.com | ||
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, Trilogy Plastics, and Signature Systems 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.
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