Miller Industries Stock Buy Hold or Sell Recommendation
| MLR Stock | USD 50.46 0.18 0.36% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Miller Industries is 'Strong Buy'. Macroaxis provides Miller Industries buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MLR positions. The advice algorithm takes into account all of Miller Industries' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Miller Industries' buy or sell advice are summarized below:
Real Value 39.03 | Target Price 21 | Hype Value 50.63 | Market Value 50.46 | Naive Value 51.03 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Miller Industries given historical horizon and risk tolerance towards Miller Industries. When Macroaxis issues a 'buy' or 'sell' recommendation for Miller Industries, the advice is generated through an automated system that utilizes algorithms and statistical models.
Miller |
Execute Miller Industries Buy or Sell Advice
The Miller recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Miller Industries. Macroaxis does not own or have any residual interests in Miller Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Miller Industries' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Miller Industries Trading Alerts and Improvement Suggestions
| 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 |
Miller Industries Returns Distribution Density
The distribution of Miller Industries' historical returns is an attempt to chart the uncertainty of Miller Industries' future price movements. The chart of the probability distribution of Miller Industries daily returns describes the distribution of returns around its average expected value. We use Miller Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Miller Industries returns is essential to provide solid investment advice for Miller Industries.
| Mean Return | 0.39 | Value At Risk | -3.54 | Potential Upside | 3.04 | Standard Deviation | 2.15 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Miller Industries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Miller Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Miller Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Miller Industries backward and forwards among themselves. Miller Industries' institutional investor refers to the entity that pools money to purchase Miller Industries' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Mutual Of America Capital Management Llc | 2023-12-31 | 224.8 K | State Street Corporation | 2023-12-31 | 214.7 K | Goldman Sachs Group Inc | 2023-12-31 | 209.5 K | Huber Capital Management Llc | 2023-12-31 | 188.9 K | Pacific Ridge Capital Partners, Llc | 2023-12-31 | 166.7 K | Lord, Abbett & Co Llc | 2023-12-31 | 150.8 K | Ameriprise Financial Inc | 2023-12-31 | 131.3 K | Allspring Global Investments Holdings, Llc | 2023-12-31 | 127.8 K | Diversified Investment Strategies, Llc | 2023-12-31 | 113.7 K | Thrivent Financial For Lutherans | 2023-12-31 | 1.1 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 894.7 K |
Miller Industries Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 5.5M | 5.5M | (32.1M) | (40.7M) | (30.4M) | (28.9M) | |
| Change In Cash | (965K) | 31.4M | (3.2M) | (14.2M) | (10.2M) | (9.7M) | |
| Free Cash Flow | 17.7M | 43.2M | 6.1M | (48.1M) | (1.1M) | (1.1M) | |
| Depreciation | 9.1M | 9.6M | 11.0M | 11.8M | 13.2M | 7.2M | |
| Other Non Cash Items | 150K | 194K | 200K | 321K | 75K | 71.3K | |
| Capital Expenditures | 17.4M | 17.5M | 9.2M | 28.9M | 12.1M | 12.7M | |
| Net Income | 39.1M | 29.8M | 16.3M | 20.3M | 58.3M | 61.2M | |
| End Period Cash Flow | 26.1M | 57.5M | 54.3M | 40.2M | 29.9M | 27.5M | |
| Dividends Paid | 8.2M | 8.2M | 8.2M | 8.2M | 8.2M | 7.7M | |
| Investments | (17.1M) | (17.2M) | (9.1M) | (28.9M) | (31.3M) | (29.8M) | |
| Change Receivables | (19.6M) | 27.4M | (12.7M) | (24.3M) | (21.9M) | (20.8M) | |
| Net Borrowings | (10.4M) | (5.4M) | (22K) | 45M | 51.8M | 54.3M | |
| Change To Netincome | 1.9M | 1.2M | 1.0M | 2.1M | 2.4M | 2.6M |
Miller Industries Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Miller Industries or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Miller Industries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Miller stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.34 | |
β | Beta against NYSE Composite | 0.58 | |
σ | Overall volatility | 2.17 | |
Ir | Information ratio | 0.15 |
Miller Industries Volatility Alert
Miller Industries has relatively low volatility with skewness of 1.53 and kurtosis of 8.15. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Miller Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Miller Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Miller Industries Fundamentals Vs Peers
Comparing Miller Industries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Miller Industries' direct or indirect competition across all of the common fundamentals between Miller Industries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Miller Industries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Miller Industries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Miller Industries by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Miller Industries to competition |
| Fundamentals | Miller Industries | Peer Average |
| Return On Equity | 0.18 | -0.31 |
| Return On Asset | 0.0857 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.08 % | (5.51) % |
| Current Valuation | 606.4 M | 16.62 B |
| Shares Outstanding | 11.45 M | 571.82 M |
| Shares Owned By Insiders | 4.13 % | 10.09 % |
| Shares Owned By Institutions | 84.10 % | 39.21 % |
| Number Of Shares Shorted | 49.94 K | 4.71 M |
| Price To Earning | 10.55 X | 28.72 X |
| Price To Book | 1.65 X | 9.51 X |
| Price To Sales | 0.50 X | 11.42 X |
| Revenue | 1.15 B | 9.43 B |
| Gross Profit | 82.42 M | 27.38 B |
| EBITDA | 92.01 M | 3.9 B |
| Net Income | 58.29 M | 570.98 M |
| Cash And Equivalents | 40.15 M | 2.7 B |
| Cash Per Share | 2.73 X | 5.01 X |
| Total Debt | 60.83 M | 5.32 B |
| Debt To Equity | 0.14 % | 48.70 % |
| Current Ratio | 2.27 X | 2.16 X |
| Book Value Per Share | 30.40 X | 1.93 K |
| Cash Flow From Operations | 10.96 M | 971.22 M |
| Short Ratio | 0.75 X | 4.00 X |
| Earnings Per Share | 5.07 X | 3.12 X |
| Target Price | 21.0 | |
| Number Of Employees | 1.8 K | 18.84 K |
| Beta | 1.05 | -0.15 |
| Market Capitalization | 575.48 M | 19.03 B |
| Total Asset | 654.1 M | 29.47 B |
| Retained Earnings | 200.16 M | 9.33 B |
| Working Capital | 275.76 M | 1.48 B |
| Current Asset | 219.26 M | 9.34 B |
Note: Disposition of 1440 shares by Jeffrey Badgley of Miller Industries at 45.28 subject to Rule 16b-3 [view details]
Miller Industries Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Miller . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Miller Industries Buy or Sell Advice
When is the right time to buy or sell Miller Industries? Buying financial instruments such as Miller Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.2M | 45.9M | 60.8M | 63.9M | Total Assets | 438.8M | 501.4M | 654.1M | 686.8M |
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Check out Miller Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.