Myers Industries (MYE) AI Stock Analysis

• Market Cap: $433.26M
• Dividend Yield: 4.66%
• Average Volume (3M): 319.31K
• Price to Earnings (P/E): 60.2
• Beta (1Y): 0.81
• Revenue Growth: 3.92%
• EPS Growth: -73.64%
• Country: US
• Employees: 2,700
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Packaging & Containers
• EPS (TTM): 0.28
• Shares Outstanding: 37,382,290
• 10 Day Avg. Volume: 288,034
• 30 Day Avg. Volume: 319,307
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.92
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 3.07
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

Myers Industries presents a mixed outlook. The company's financial performance is stable but faces challenges in revenue growth and profitability. Technical indicators suggest neutrality with cautionary signs. While it has a high valuation which may deter some investors, strategic initiatives from the earnings call offer potential upside. Investors should consider the potential for strategic execution before making investment decisions.

Myers Industries Business Overview & Revenue Model

Company Description

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational, and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

How the Company Makes Money

Myers Industries generates revenue through the sale of its products and services across its two main business segments. In the Material Handling segment, the company earns money by designing, manufacturing, and selling a diverse array of plastic and metal products. These products are sold to a variety of industries, including agriculture, automotive, and consumer markets. The Distribution segment contributes to the company's revenue by selling tire service supplies, tools, and equipment primarily to the tire, wheel, and under-vehicle service industries. The company also benefits from strategic partnerships and long-term relationships with its customers, which help to sustain its revenue streams.

Myers Industries Financial Statement Overview

Summary

Myers Industries has a stable financial profile with moderate profitability and effective cash management. However, revenue growth has been inconsistent, and while operational efficiency is reasonable, there is room for improvement in net profitability. The balance sheet reflects moderate leverage, which requires monitoring.

Income Statement

The income statement shows moderate profitability with a gross profit margin of 33.0% and a net profit margin of 1.3% for TTM. Revenue growth has been inconsistent, showing a -7.1% decline from 2022 to 2023 and a slight decrease in TTM. EBIT and EBITDA margins are 6.0% and 10.2% respectively, indicating reasonable operational efficiency but with room for improvement in net profitability.

Balance Sheet

The balance sheet indicates a stable financial position with a debt-to-equity ratio of 1.52, showing moderate leverage. The return on equity (ROE) is 3.8% for TTM, reflecting modest returns for shareholders. The equity ratio stands at 31.4%, suggesting a balanced capital structure, though maintaining a cautious eye on debt levels is advised.

Cash Flow

Cash flow analysis reveals solid operational cash generation with an operating cash flow to net income ratio of 6.58. Free cash flow growth is healthy, though it declined from 2022 to 2023. The free cash flow to net income ratio is 4.03, highlighting effective cash management and potential for reinvestment or debt reduction.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
836.28M	813.07M	899.55M	761.43M	510.37M
	Gross Profit
270.81M	259.09M	283.37M	211.42M	171.96M
	EBIT
44.48M	72.41M	83.94M	49.30M	53.55M
	EBITDA
83.07M	95.19M	105.16M	49.30M	53.55M
	Net Income Common Stockholders
7.20M	48.87M	60.27M	33.54M	36.77M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
32.22M	30.29M	23.14M	17.66M	28.30M
	Total Assets
860.82M	541.63M	542.63M	484.55M	400.01M
	Total Debt
413.87M	95.49M	132.36M	130.04M	95.69M
	Net Debt
381.65M	65.20M	109.22M	112.38M	67.39M
	Total Liabilities
583.30M	248.83M	286.21M	275.22M	210.91M
	Stockholders Equity
277.51M	292.80M	256.43M	209.32M	189.10M
Cash Flow		Free Cash Flow
54.86M	63.32M	48.33M	27.05M	33.09M
	Operating Cash Flow
79.29M	86.17M	72.62M	44.91M	46.51M
	Investing Cash Flow
-372.50M	-22.76M	-50.38M	-50.29M	-75.55M
	Financing Cash Flow
295.10M	-56.52M	-16.32M	-5.19M	-18.32M

Myers Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYE, the sentiment is Positive. The current price of 11.59 is above the 20-day moving average (MA) of 10.04, above the 50-day MA of 11.08, and below the 200-day MA of 12.15, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 61.65 is Neutral, neither overbought nor oversold. The STOCH value of 88.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYE.

Myers Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRT	72 Outperform	$538.98M	18.06	19.36%	5.76%	4.19%	-8.17%
AMBP	71 Outperform	$2.18B	―	-69.06%	10.96%	4.42%	70.21%
TRS	69 Neutral	$1.01B	32.16	4.64%	0.65%	3.80%	-20.92%
MYE	66 Neutral	$433.26M	60.21	3.69%	4.66%	3.92%	-73.64%
OI	65 Neutral	$2.04B	―	-13.85%	―	-5.29%	18.22%
Sector *	61 Neutral	$6.65B	11.71	3.09%	3.98%	2.65%	-20.82%
PACK	53 Neutral	$372.26M	―	-3.34%	―	9.69%	31.57%

Myers Industries Corporate Events

Myers Industries Reports Strong Q1 2025 Results

On May 1, 2025, Myers Industries announced its first-quarter results, highlighting improvements in gross profit, operating income, and earnings per share despite flat sales. The company attributed these gains to its Signature acquisition and strong performance in its Scepter military products. Myers Industries also reported a reduction in SG&A expenses, reflecting progress in its ‘Focused Transformation’ efforts, which aim to enhance financial performance and foster a culture of accountability. The company activated a $10 million share repurchase program and emphasized its U.S.-based manufacturing as a strategic advantage in providing supply chain options and mitigating tariff impacts.

Spark’s Take on MYE Stock

According to Spark, TipRanks’ AI Analyst, MYE is a Neutral.

Myers Industries’ overall score reflects a mixed outlook. The company’s financial performance highlights concerns around profitability and leverage, while technical indicators suggest bearish sentiment. Despite these challenges, strategic initiatives and a robust transformation plan offer potential upside. However, high valuation metrics and uncertainty from suspended guidance prevent a higher score. Investors should be cautious but consider the potential for improvement with strategic execution.

To see Spark’s full report on MYE stock, click here.

Myers Industries Announces CFO Resignation and Interim Appointment

On April 2, 2025, Myers Industries, Inc. announced the resignation of Grant Fitz, the Executive Vice President and Chief Financial Officer, effective May 2, 2025. Daniel Hoehn, the Vice President and Corporate Controller, will serve as Interim CFO following Fitz’s departure. The company has initiated a search for a permanent CFO, and these leadership changes are not related to any accounting or financial issues.