Myers Industries Inc.
Find Ratings ReportsMYERS INDUSTRIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. MYERS INDUSTRIES INC has weak liquidity. Currently, the Quick Ratio is 0.96 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 14.18% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 191.08 | 212.84 |
EBITDA ($mil) | 21.66 | 22.13 |
EBIT ($mil) | 15.78 | 16.51 |
Net Income ($mil) | 12.54 | 13.43 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 30.29 | 23.14 |
Total Assets ($mil) | 541.63 | 542.63 |
Total Debt ($mil) | 95.49 | 132.36 |
Equity ($mil) | 292.8 | 256.43 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 33.16 | 33.26 |
EBITDA Margin | 11.33 | 10.39 |
Operating Margin | 8.26 | 7.76 |
Sales Turnover | 1.5 | 1.66 |
Return on Assets | 9.02 | 11.1 |
Return on Equity | 16.69 | 23.5 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.55 | 1.87 |
Debt/Capital | 0.25 | 0.34 |
Interest Expense | 1.37 | 1.65 |
Interest Coverage | 11.48 | 9.98 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 36.82 | 36.5 |
Div / share | 0.14 | 0.14 |
EPS | 0.34 | 0.36 |
Book value / share | 7.95 | 7.03 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 242728.0 | 218510.0 |
BUY. MYERS INDUSTRIES INC's P/E ratio indicates a significant discount compared to an average of 33.18 for the Plastics and Rubber Products Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.62 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.88. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MYERS INDUSTRIES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MYE 15.81 | Peers 33.18 | MYE 8.92 | Peers 20.50 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MYE is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MYE is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MYE 12.80 | Peers 26.18 | MYE 6.96 | Peers 3.49 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. MYE is trading at a significant discount to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MYE trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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MYE 2.62 | Peers 6.88 | MYE -19.02 | Peers -22.96 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MYE is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MYE is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MYE 0.95 | Peers 4.73 | MYE -9.62 | Peers -2.12 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MYE is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MYE significantly trails its peers on the basis of sales growth. |
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