Myers Story

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MYE -- USA Stock  

USD 21.25  0.41  1.97%

As many investors are getting excited about consumer cyclical space, it is fair to digest Myers Industries. We will evaluate why we are still confident in anticipation of a recovery. Is Myers Industries valuation sustainable? Here I will cover a perspective on valuation of Myers to give you a better outlook on taking a position in this stock.
Published over a month ago
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Should I rely on Myers Industries management in April 2021?
The company has 82.63 M in debt with debt to equity (D/E) ratio of 0.44, which is OK given its current industry classification.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Myers Industries has an asset utilization ratio of 114.21 percent. This indicates that the company is making $1.14 for each dollar of assets. An increasing asset utilization means that Myers Industries is more efficient with each dollar of assets it utilizes for everyday operations.
We determine the current worth of Myers Industries using both absolute as well as relative valuation methodologies to arrive at its intrinsic value. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Myers Industries based exclusively on its fundamental and basic technical indicators. By analyzing Myers Industries's financials, quarterly and monthly indicators, and related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Myers Industries's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Myers Industries. We calculate exposure to Myers Industries's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Myers Industries's related companies.

Myers Industries Investment Alerts

Myers investment alerts and warnings help investors to get more proficient at understanding not only critical technical and fundamental signals but also the significant portfolio-centered indicators. These indicators include beta, alpha, and other risk-related measures that will help you in monitoring Myers Industries performance across your portfolios.Please check all investment alerts for Myers

Myers Industries Valuation Ratios as Compared to Competition

Our valuation model uses many indicators to compare Myers value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Myers Industries competition to find correlations between indicators driving the intrinsic value of Myers.

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 46.51 Million

Details

The latest price surge of Myers Industries may encourage shareholders to take a closer look at the firm as it is trading at a share price of 23.98 on 130,700 in trading volume. The company management teams may have good odds in positioning the firm resources to exploit market volatility in April. The stock standard deviation of daily returns for 30 days investing horizon is currently 2.11. The current volatility is consistent with the ongoing market swings in February 2021 as well as with Myers Industries unsystematic, company-specific events.

Margins Breakdown

Myers profit margins show the degree to which it makes money. Margin indicators are used not only by investors but also by creditors or Myers Industries itself as indicators of financial health and management effectiveness. Please look more closely at the different varieties of Myers Industries profit margins.
Operating Margin7.02
EBITDA Margin0.12
Gross Margin0.37
Profit Margin0.0583


Myers Industries Net Income Per Employee is increasing over the last 8 years. Myers Industries Net Income Per Employee is rather stable at the moment.

Are Myers Industries technical ratios showing a correction?

The coefficient of variation is down to 422.76 as of today. Myers Industries has relatively low volatility with skewness of -0.17 and kurtosis of -0.71. However, we advise all investors to independently investigate Myers Industries to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Myers Industries' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Myers 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 stocks as prices fall.

Our Final Takeaway

Although some other entities under the packaging & containers industry are still a bit expensive, Myers Industries may offer a potential longer-term growth to shareholders. While some shareholders may not share our view, we believe it may be a good time to increase your existing holdings in Myers as the risk-reward trade off is appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Myers Industries.

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 Vlad Skutelnik 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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