Miller Industries Stock Performance
| MLR Stock | USD 48.99 0.29 0.59% |
On a scale of 0 to 100, Miller Industries holds a performance score of 12. The company secures a Beta (Market Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Miller Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Miller Industries is expected to be smaller as well. Please check Miller Industries' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Miller Industries' current price movements will revert.
Risk-Adjusted Performance
12 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Miller Industries are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak essential indicators, Miller Industries reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (0.59) | Five Day Return (6.13) | Year To Date Return 17.99 | Ten Year Return 144.95 | All Time Return 291.92 |
Forward Dividend Yield 0.0154 | Payout Ratio 0.144 | Last Split Factor 1:5 | Forward Dividend Rate 0.76 | Dividend Date 2024-03-25 |
1 | MILLER INDUSTRIES ANNOUNCES ACQUISITION OF SOUTHERN HYDRAULIC CYLINDER - The Globe and Mail | 02/15/2024 |
2 | Disposition of 1440 shares by Jeffrey Badgley of Miller Industries at 45.28 subject to Rule 16b-3 | 03/01/2024 |
3 | MLR Stock Earnings Miller Industries Reported Results for Q4 2023 | 03/07/2024 |
4 | Miller Industries, Inc. to Issue Quarterly Dividend of 0.19 on March 25th | 03/08/2024 |
5 | Thursday Is Your Last Chance To Buy Miller Industries Before The Dividend Payout - Miller Industries NYS - Benzinga | 03/12/2024 |
6 | Advisory Research Sends Letter to Miller Industries Board of Directors Regarding Opportunities to Enhance Shareholder Value | 03/21/2024 |
| Miller Industries dividend paid on 25th of March 2024 | 03/25/2024 |
7 | Under the Radar 3 Little-Known Stocks That Are Beating the Market in 2024 - Markets Insider | 04/01/2024 |
8 | Miller Industries Sets New 52-Week High at 51.67 - MarketBeat | 04/04/2024 |
| Begin Period Cash Flow | 40.2 M |
Miller |
Miller Industries Relative Risk vs. Return Landscape
If you would invest 4,005 in Miller Industries on January 20, 2024 and sell it today you would earn a total of 894.00 from holding Miller Industries or generate 22.32% return on investment over 90 days. Miller Industries is generating 0.3379% of daily returns assuming volatility of 2.1687% on return distribution over 90 days investment horizon. In other words, 19% of stocks are less volatile than Miller, and above 94% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Miller Industries Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miller Industries' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Miller Industries, and traders can use it to determine the average amount a Miller Industries' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1558
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Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Miller Industries is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Miller Industries by adding it to a well-diversified portfolio.
Miller Industries Fundamentals Growth
Miller Stock prices reflect investors' perceptions of the future prospects and financial health of Miller Industries, and Miller Industries fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Miller Stock performance.
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0857 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 591.64 M | ||||
| Shares Outstanding | 11.45 M | ||||
| Price To Earning | 10.55 X | ||||
| Price To Book | 1.65 X | ||||
| Price To Sales | 0.50 X | ||||
| Revenue | 1.15 B | ||||
| Gross Profit | 82.42 M | ||||
| EBITDA | 92.01 M | ||||
| Net Income | 58.29 M | ||||
| Cash And Equivalents | 40.15 M | ||||
| Cash Per Share | 2.73 X | ||||
| Total Debt | 60.83 M | ||||
| Debt To Equity | 0.14 % | ||||
| Current Ratio | 2.27 X | ||||
| Book Value Per Share | 30.40 X | ||||
| Cash Flow From Operations | 10.96 M | ||||
| Earnings Per Share | 5.07 X | ||||
| Market Capitalization | 560.72 M | ||||
| Total Asset | 654.1 M | ||||
| Retained Earnings | 200.16 M | ||||
| Working Capital | 275.76 M | ||||
| Current Asset | 219.26 M | ||||
| Current Liabilities | 94.49 M | ||||
About Miller Industries Performance
To evaluate Miller Industries Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Miller Industries generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Miller Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Miller Industries market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Miller's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 69.18 | 65.57 | |
| Return On Tangible Assets | 0.09 | 0.1 | |
| Return On Capital Employed | 0.19 | 0.15 | |
| Return On Assets | 0.09 | 0.09 | |
| Return On Equity | 0.17 | 0.18 |
Things to note about Miller Industries performance evaluation
Checking the ongoing alerts about Miller Industries for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Miller Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 84.0% of the company shares are owned by institutional investors | |
| On 25th of March 2024 Miller Industries paid $ 0.19 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Miller Industries Sets New 52-Week High at 51.67 - MarketBeat |
- Analyzing Miller Industries' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Miller Industries' stock is overvalued or undervalued compared to its peers.
- Examining Miller Industries' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Miller Industries' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miller Industries' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Miller Industries' stock. These opinions can provide insight into Miller Industries' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Miller Stock analysis
When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.
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Is Miller Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Miller Industries. If investors know Miller will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Miller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.793 | Dividend Share 0.72 | Earnings Share 5.07 | Revenue Per Share 100.827 | Quarterly Revenue Growth 0.312 |
The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Miller Industries' market value can be influenced by many factors that don't directly affect Miller Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.