Miller Enterprises engages in the manufacture and sale of towing and recovery equipment. The company was founded in 1994 and is based in Ooltewah, Tennessee.
MLR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Miller Industries Inc. To summarize, we found that Miller Industries Inc ranked in the 76th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 370.5% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for MLR, they are:
The company's balance sheet shows it gets 98% of its capital from equity, and 2% of its capital from debt. Its equity weight surpasses that of 95.24% of free cash flow generating stocks in the Consumer Cyclical sector.
The business' balance sheet suggests that 2% of the company's capital is sourced from debt; this is greater than merely 8.31% of the free cash flow producing stocks we're observing.
MLR's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 50.84% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MLR, try LKQ, UFAB, BBY, HTHT, and HOFT.
Miller Industries (MLR), a tow truck manufacturer, has not had much love since the pandemic broke out. Its stock has lagged the S&P 500 (SPY) and other stocks in the automotive sector, such as Honda Motor (HMC) and auto parts manufacturer Gentex (GNTX). The stock price has surpassed only the...
Miller Industries Inc (MLR) Q2 2020 Results Conference Call August 6, 2020 10:00 AM ET Company Participants Brendan Dunlap - Investor Relations Jeffrey Badgley - Co-Chief Executive Officer Deborah Whitmire - Chief Financial Officer Bill Miller - Chairman of the Board William Miller - President, Co-Chief Executive Officer & Director...
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