Myers Story

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MYE -- USA Stock  

USD 13.03  0.32  2.40%

Myers Industries Average Assets are projected to decrease significantly based on the last few years of reporting. The past year's Average Assets were at 352.3 Million. The current year Earnings before Tax is expected to grow to about 35.9 M, whereas Earnings Before Interest Taxes and Depreciation Amortization EBITDA are forecasted to decline to about 59.2 M. The objective of this story is to give shareholders our take on Myers future value. We will discuss the reasons why it could be a game-changer for Myers Industries shareholders.
Published over a month ago
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Our latest forecast of Myers (NYSE:MYE)
Myers Industries is UNDERVALUED at 15.86 per share with modest projections ahead. Over 92.0% of Myers Industries shares are owned by institutional investors. Institutional ownership of Myers Industries refers to the amount of Myers Industries equity owned by mutual funds, pension funds, insurance companies, investment firms, foundations, or other large entities that manage money on behalf of others. Check out our latest analysis of Myers, including its current ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Myers Industries. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for Myers Industries


How important is Myers Industries's Liquidity

Myers Industries financial leverage refers to using borrowed capital as a funding source to finance Myers Industries ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Myers Industries financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Myers Industries's total debt and its cash.

How Myers utilizes its cash?

To perform a cash flow analysis of Myers Industries, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Myers Industries is receiving and how much cash it distributes out in a given period. The Myers Industries cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Myers Industries Net Cash Flow from Operations is projected to decrease significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 54.32 Million

Another Deeper Perspective

Myers Industries shows above-average downside volatility for the selected time horizon. We advise investors to inspect Myers Industries further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Myers Industries future alpha.

Returns Breakdown

Return on Investment16.92
Return on Assets0.0745
Return on Equity0.16
Return Capital0.22
Return on Sales0.0777

Are Myers Industries technical ratios showing a collapse?

Myers Industries latest downside deviation ascents over 3.39. Myers Industries shows above-average downside volatility for the selected time horizon. We advise investors to inspect Myers Industries further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Myers Industries future alpha.

Although other entities under the packaging & containers industry are still a bit expensive, Myers Industries may offer a potential longer-term growth to shareholders. The bottom line, as of the 30th of July 2020, we see that Myers Industries actively responds to the market. The firm is undervalued with low probability of distress within the next 24 months. Our primary 30 days 'Buy-vs-Sell' recommendation on the firm is Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Myers Industries. Please refer to our Terms of Use for any information regarding our disclosure principles.

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