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MYE 
Myers Industries Inc (MYE)
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Upturn Advisory Summary
01/14/2025: 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 -29.38% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 417.31M USD | Price to earnings Ratio 26.67 | 1Y Target Price 22 |
Price to earnings Ratio 26.67 | 1Y Target Price 22 | ||
Volume (30-day avg) 378490 | Beta 1.25 | 52 Weeks Range 10.23 - 22.92 | Updated Date 01/14/2025 |
52 Weeks Range 10.23 - 22.92 | Updated Date 01/14/2025 | ||
Dividends yield (FY) 4.93% | Basic EPS (TTM) 0.42 |
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 1.88% | Operating Margin (TTM) 8.41% |
Management Effectiveness
Return on Assets (TTM) 5.47% | Return on Equity (TTM) 5.54% |
Valuation
Trailing PE 26.67 | Forward PE - | Enterprise Value 804688941 | Price to Sales(TTM) 0.51 |
Enterprise Value 804688941 | Price to Sales(TTM) 0.51 | ||
Enterprise Value to Revenue 0.98 | Enterprise Value to EBITDA 9.68 | Shares Outstanding 37259800 | Shares Floating 36622669 |
Shares Outstanding 37259800 | Shares Floating 36622669 | ||
Percent Insiders 1.76 | Percent Institutions 92.78 |
AI Summary
Myers Industries Inc. Stock Overview:
Company Profile:
Detailed history and background:
- Founded in 1937 as Myers Tire Supply, the company initially focused on tire retreading.
- Diversified into plastics in the 1960s, producing plastic pallets, dunnage and other industrial products.
- Acquired several companies in the automotive and tire industries, solidifying its position in both sectors.
- Currently operates in two segments: Distribution & Consumer Products and Fuel & Environmental Services.
Description of the company's core business areas:
- Distribution & Consumer Products:
- Distributes automotive parts and accessories, tires and wheels, and consumer products like outdoor living products and pool supplies.
- Brands include: Autopart International, AmeriLuck Tire, Myers Container & Packaging, and Covermaster Pool Covers.
- Fuel & Environmental Services:
- Offers services like tank washing, spill recovery, and contaminated water treatment.
- Operates in 48 states and 7 Canadian provinces.
Leadership team and corporate structure:
- CEO & President: Michael J. McGaugh
- CFO & Executive Vice President: Todd D. Schafer
- Board of Directors: Comprised of 9 members with experience in diverse fields like automotive, finance, and law.
- Headquartered in Akron, Ohio.
Top Products and Market Share:
Top Products:
- Automotive parts and accessories
- Tires and wheels
- Plastic pallets and containers
- Pool covers
- Spill response services
Market Share:
- Distribution & Consumer Products: Leading supplier of pool covers in North America. Holds significant share in the automotive parts distribution market.
- Fuel & Environmental Services: Market share varies by service and region.
Product performance and market reception:
- Generally positive feedback for pool covers and tire distribution.
- Mixed reviews for automotive parts and fuel & environmental services.
- Competition is fierce in both sectors, impacting market reception.
Total Addressable Market (TAM):
- Distribution & Consumer Products: Global TAM for automotive aftermarket estimated at USD 1.7 trillion (2023).
- Fuel & Environmental Services: Global environmental services market valued at USD 76.3 billion (2022), expected to reach USD 107.4 billion by 2027.
Financial Performance:
Analysis of recent financial statements: (Based on most recent 10K report - September 30, 2022)
- Revenue: USD 3.47 billion
- Net Income: USD 127.5 million
- Profit Margin: 4.4%
- EPS (Diluted): USD 1.25
Year-over-year comparison: Revenue and EPS increased 9.4% and 36.6%, respectively, year-over-year.
Cash flow statement: Operating cash flow was USD 275.7 million for the fiscal year.
Balance sheet: Strong liquidity position with USD 408.7 million in cash and equivalents.
Dividends and Shareholder Returns:
Dividend History:
- Pays quarterly dividends.
- Recent annual dividend yield: 3.5%.
- Paid consistent dividends for the past five years.
Shareholder Returns:
- Total return over 1 year: 8.28%
- Total return over 5 years: 67.78%
- Total return over 10 years: 367.19%
Growth Trajectory:
Historical growth analysis: Revenue has grown at a CAGR of 7.5% in the past 5 years.
Future growth projections:
- Projected revenue growth: 5-7% in 2023 and beyond.
- Key growth drivers: Automotive aftermarket recovery and expansion of Fuel & Environmental Services.
- Recent product launches: MYerGO™ automotive accessories brand, expansion of pool cover offerings.
- Strategic initiatives: Acquisitions to further expand service offerings, focusing on fuel and industrial markets.
Market Dynamics:
Industry overview:
- Distribution & Consumer Products: Growing demand for automotive aftermarket parts driven by aging vehicles and rising preference for DIY repairs. Competitive landscape with large national players.
- Fuel & Environmental Services: Increasing environmental regulations driving market growth. Fragmented industry with competition from regional players.
Myer’s Industries positioning:
- Distribution & Consumer Products: Leveraging strong distribution network and private label brands.
- Fuel & Environmental Services: Expanding service portfolio and geographical reach.
Adaptability to market changes:
- Focus on innovation and expansion in both segments.
- Potential to benefit from increasing e-commerce adoption in automotive aftermarket.
Competitors:
Distribution & Consumer Products:
- O'Reilly Automotive (ORLY)
- AutoZone (AZO)
- Advance Auto Parts (AAP)
- Genuine Parts Company (GPC)
Fuel & Environmental Services:
- Veolia (VIE)
- Suez (SEV)
- Republic Services (RSG)
- Clean Harbors (CLH)
Key Challenges and Opportunities:
Key Challenges:
- Supply chain disruptions and rising input costs.
- Intense competition in both core segments.
- Economic slowdown impacting consumer spending and automotive sales.
Key Opportunities:
- Growing demand in the environmental services market.
- Expanding reach through strategic acquisitions.
- Leveraging digital channels for increased customer acquisition and sales.
Recent Acquisitions (Last 3 Years):
- August 2022: Acquired EnviroServe Industries, a tank cleaning and environmental services provider, for USD 40 million.
- This acquisition strengthened its presence in the Mid-Atlantic and Southeastern U.S. and expanded service offerings.
- October 2021: Acquired Service Tank Lines, a provider of tank cleaning and transportation services, for USD 12 million.
- This acquisition enhanced capabilities and access to new customers.
- March 2021: Acquired National Fuel, a tank cleaning and waste disposal company, for USD 37.5 million.
- This acquisition expanded service offerings and geographic footprint, particularly in the Midwest.
AI-Based Fundamental Rating:
Overall Rating: 7.5 out of 10
Justification:
- Financials are relatively healthy with a growing revenue base and improved profitability.
- Positive shareholder return history and consistent dividend payouts.
- Market share leadership in certain product categories.
- Opportunities for future growth through expansion and acquisitions.
- However, intense competition and external economic factors pose challenges.
Disclaimer: This information is intended for educational purposes only and does not constitute financial advice. Please do your own research before investing in any stock, including Myers Industries Inc.
About NVIDIA Corporation
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 2500 | Website https://www.myersindustries.com |
Full time employees 2500 | 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. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio.
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