Myers Industries, Inc. (MYE): Price and Financial Metrics
Myers Industries, Inc. (MYE)
Today's Latest Price: $14.55 USD
Updated Jul 2 11:43am
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POWR Components:
Trade Grade Buy & Hold Grade Peer Grade Industry Rank
Industry Rank:
Ranked of 38 in Industrial - Manufacturing
See all "A" rated Strong Buy stocks
MYE Stock Summary
- MYE's went public 32.84 years ago, making it older than 91.59% of listed US stocks we're tracking.
- Of note is the ratio of Myers Industries Inc's sales and general administrative expense to its total operating expenses; 87.41% of US stocks have a lower such ratio.
- In terms of twelve month growth in earnings before interest and taxes, Myers Industries Inc is reporting a growth rate of 1,204.07%; that's higher than 98.79% of US stocks.
- Stocks with similar financial metrics, market capitalization, and price volatility to Myers Industries Inc are NTZ, GCO, CECE, VNCE, and KELYA.
- MYE's SEC filings can be seen here. And to visit Myers Industries Inc's official web site, go to www.myersindustries.com.
MYE Stock Price Chart Technical Analysis Charts
MYE Price/Volume Stats
| Current price | $14.55 | 52-week high | $19.17 |
| Prev. close | $14.21 | 52-week low | $6.91 |
| Day low | $14.34 | Volume | 19,357 |
| Day high | $14.65 | Avg. volume | 180,070 |
| 50-day MA | $13.13 | Dividend yield | 3.8% |
| 200-day MA | $14.70 | Market Cap | 520.42M |
Myers Industries, Inc. (MYE) Company Bio
Myers Industries manufactures polymer products for industrial, agricultural, automotive, commercial, and consumer markets and also distributes tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry in the U.S. The company was founded in 1933 and is based in Akron, Ohio.
MYE Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $14.55 | $19.38 | 42% |
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Myers Industries Inc. To summarize, we found that Myers Industries Inc ranked in the 56th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for MYE, they are:
- MYE'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 33.07% of tickers in our DCF set.
- Myers Industries Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 12.27. This coverage rate is greater than that of 79.74% of stocks we're observing for the purpose of forecasting via discounted cash flows.
- Relative to other stocks in its sector (Consumer Cyclical), Myers Industries Inc has a reliance on debt greater than only 14.12% of them.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | 40% |
| 1% | 41% |
| 2% | 42% |
| 3% | 44% |
| 4% | 45% |
| 5% | 46% |
Want more companies with a valuation profile/forecast similar to that of Myers Industries Inc? See ULTA, AN, BBGI, JACK, and FRGI.
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