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:
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
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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Myers (MYE) declares $0.135/share quarterly dividend, in line with previous.Forward yield 3.98%Payable July 2; for shareholders of record June 12; ex-div June 11.See MYE Dividend Scorecard, Yield Chart, & Dividend Growth....
Ladies and gentlemen, thank you for standing by, and welcome to the Myers Industries 2020 First Quarter Earnings Conference Call. Joining me today are Mike McGaugh, President and Chief Executive Officer; and Kevin Brackman, Executive Vice President and Chief Financial Officer.