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 70th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 141.5% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for MLR, they are:
MLR's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 55.3% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Cyclical), Miller Industries Inc has a reliance on debt greater than just 1.48% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
LCII, LKQ, SLGN, HIBB, and MUSA can be thought of as valuation peers to MLR, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
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Franchise Business; 12.4x P/E, 21% CAGR in 5-year EPS Miller (MLR) is the No. 1 world leader of towing and recovery equipment, with the largest distribution network in the industry. With a solid business franchise, Miller has been constantly innovating and trying to re-invent the wheel, introducing the Century M100...
Value Investment Principals on Seeking Alpha | January 11, 2021
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]