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
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for MYE, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Myers Industries Inc ranked in the 81th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 390.33%. In terms of the factors that were most noteworthy in this DCF analysis for MYE, they are:
The company's compound free cash flow growth rate over the past 5.53 years comes in at 0.35%; that's greater than 76.29% of US stocks we're applying DCF forecasting to.
Myers Industries Inc's effective tax rate, as measured by taxes paid relative to net income, is at 22 -- greater than 86.21% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Consumer Cyclical), Myers Industries Inc has a reliance on debt greater than just 17.83% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Myers Industries Inc? See LBTYA, CETV, GIL, UONE, and QUOT.