Myers Industries, Inc. (MYE): Price and Financial Metrics
Myers Industries, Inc. (MYE)
Today's Latest Price: $16.25 USD
Updated Aug 7 12:00am
Add MYE to WatchlistSign Up
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
- Myers Industries Inc's stock had its IPO on September 8, 1987, making it an older stock than 91.53% of US equities in our set.
- Of note is the ratio of Myers Industries Inc's sales and general administrative expense to its total operating expenses; 87.45% of US stocks have a lower such ratio.
- Over the past twelve months, MYE has reported earnings growth of 5,529.54%, putting it ahead of 99.77% of US stocks in our set.
- Stocks that are quantitatively similar to MYE, based on their financial statements, market capitalization, and price volatility, are LAKE, NTZ, RLH, GCO, and PICO.
- 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 | $16.25 | 52-week high | $18.47 |
| Prev. close | $15.78 | 52-week low | $6.91 |
| Day low | $15.74 | Volume | 79,600 |
| Day high | $16.27 | Avg. volume | 172,468 |
| 50-day MA | $14.44 | Dividend yield | 3.32% |
| 200-day MA | $14.43 | Market Cap | 581.67M |
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: |
| $16.25 | $18.25 | 16% |
We started the process of determining a valid price forecast for Myers Industries Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Myers Industries Inc ranked in the 51th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Myers Industries Inc ended up being:
- 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 32.27% 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 12.25. This coverage rate is greater than that of 80.84% 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 just 13.44% of them.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | 13% |
| 1% | 14% |
| 2% | 16% |
| 3% | 17% |
| 4% | 18% |
| 5% | 19% |
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MYE, try LCII, GES, CMCSA, PLNT, and CAL.
Loading social stream, please wait...