A Business at a Glance
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MYERS INDUSTRIES INC
MYE
$1.2B
Mkt Cap
$31.44
+1.55%
MYERS INDUSTRIES INC (MYE) has a current P/E ratio of 42.5, compared to its historical median P/E of 18.1. The stock is currently considered Expensive based on its historical valuation range.
MYERS INDUSTRIES INC (MYE) has a 5-year average return on invested capital (ROIC) of 12.8%. This indicates solid capital allocation.
MYERS INDUSTRIES INC (MYE) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, MYERS INDUSTRIES INC (MYE) pays a dividend with a trailing twelve-month yield of 1.73%. The company also returns capital through share buybacks, with a buyback yield of 0.13%.
Based on historical P/E analysis, MYERS INDUSTRIES INC (MYE) appears expensive. The current P/E of 42.5 is 135% above its historical median of 18.1. The estimated fair value CAGR (P/E method) is 4.4%.
MYERS INDUSTRIES INC (MYE) operates in the Plastics Products, Nec industry, within the Materials sector.
MYERS INDUSTRIES INC (MYE) reported annual revenue of $826 million in its most recent fiscal year, based on SEC EDGAR filings.
General Development of Business Myers Industries, Inc. (the “Company”) was founded in 1933 and is headquartered in Akron, Ohio. The terms “Myers Industries,” “Company,” “we,” “us,” or “our” wherever used herein refer to the Company, unless the context indicates to the contrary. Since its founding, the Company has grown from a small storefront distributing tire service supplies into an international manufacturing and distribution enterprise. In 1971, the Company went public, and the stock is traded on the New York Stock Exchange under the ticker symbol MYE. The Company designs, manufactures, and markets a variety of plastic, metal and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, composite ground protection matting, consumer fuel containers and tanks for water, fuel and waste handling.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 784M | 826M | 836M | 813M | 900M | 761M |
| Net Income | 26M | 35M | 7.2M | 49M | 60M | 34M |
| EPS | $0.70 | $0.93 | $0.19 | $1.32 | $1.64 | $0.92 |
| Free Cash Flow | 89M | 67M | 55M | 63M | 48M | 27M |
| ROIC | 9.8% | 9.3% | 5.5% | 15.8% | 20.3% | 13.3% |
| Gross Margin | 33.6% | 33.4% | 32.4% | 31.9% | 31.5% | 27.8% |
| Debt/Equity | 1.15 | 1.26 | 1.46 | 0.29 | 0.48 | 0.57 |
| Dividends/Share | $0.54 | $0.54 | $0.54 | $0.54 | $0.54 | $0.54 |
| Operating Income | 83M | 75M | 44M | 72M | 84M | 49M |
| Operating Margin | 10.6% | 9.0% | 5.3% | 8.9% | 9.3% | 6.5% |
| ROE | 9.1% | 12.2% | 2.5% | 17.8% | 25.9% | 16.8% |
| Shares Outstanding | 37M | 38M | 38M | 37M | 37M | 36M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 624M | 571M | 534M | 547M | 567M | 516M | 510M | 761M | 900M | 813M | 836M | 826M | 784M |
| Gross Margin | 25.9% | 30.8% | 30.3% | 28.8% | 31.6% | 33.2% | 33.7% | 27.8% | 31.5% | 31.9% | 32.4% | 33.4% | 33.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 78M | 82M | 74M | 79M | 80M | 133M | 130M | 164M | 199M | 167M | 174M | 172M | 156M |
| EBIT | 23M | 35M | 27M | 25M | 6.3M | 37M | 54M | 49M | 84M | 72M | 44M | 75M | 83M |
| Op. Margin | 3.6% | 6.0% | 5.1% | 4.5% | 1.1% | 7.2% | 10.5% | 6.5% | 9.3% | 8.9% | 5.3% | 9.0% | 10.6% |
| Net Income | -8.7M | 18M | 1.1M | -9.9M | -3.3M | 24M | 37M | 34M | 60M | 49M | 7.2M | 35M | 26M |
| Net Margin | -1.4% | 3.1% | 0.2% | -1.8% | -0.6% | 4.7% | 7.2% | 4.4% | 6.7% | 6.0% | 0.9% | 4.2% | 3.4% |
| Non-Recurring | 1.3M | 1.9M | 5.0M | 12M | 435K | 916K | -3K | 2.3M | 1.4M | 2.7M | 29M | 11M | 11M |
| Returns on Capital | |||||||||||||
| ROIC | 3.9% | 6.4% | 6.3% | 6.8% | 2.3% | 20.4% | 19.0% | 13.3% | 20.3% | 15.8% | 5.5% | 9.3% | 9.8% |
| ROE | -4.5% | 14.5% | 1.1% | -10.6% | -2.7% | 15.1% | 20.7% | 16.8% | 25.9% | 17.8% | 2.5% | 12.2% | 9.1% |
| ROA | -1.7% | 3.6% | 0.3% | -2.7% | -1.0% | 6.9% | 9.8% | 7.6% | 11.7% | 9.0% | 1.0% | 4.1% | 3.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 39M | 38M | 34M | 44M | 61M | 54M | 47M | 45M | 73M | 86M | 79M | 87M | 103M |
| Free Cash Flow | 15M | 16M | 21M | 39M | 56M | 44M | 33M | 27M | 48M | 63M | 55M | 67M | 89M |
| Owner Earnings | 4.4M | 468K | -1.4M | 10M | 31M | 29M | 22M | 21M | 44M | 71M | 60M | 66M | 82M |
| CapEx | 24M | 22M | 12M | 5.8M | 5.1M | 10M | 13M | 18M | 24M | 23M | 24M | 20M | 14M |
| Maint. CapEx | 31M | 32M | 32M | 31M | 26M | 24M | 21M | 21M | 22M | 8.7M | 18M | 17M | 17M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.6M | 14M | 6.4M | 2.1M | 0 |
| D&A | 31M | 32M | 32M | 31M | 26M | 24M | 21M | 21M | 22M | 8.7M | 18M | 17M | 17M |
| CapEx/OCF | 62.5% | 62.9% | 37.0% | 13.1% | 8.4% | 18.9% | 28.9% | 39.8% | 33.5% | 26.5% | 30.8% | N/A | 13.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 16M | 17M | 16M | 16M | 18M | 19M | 19M | 20M | 20M | 20M | 20M | 20M | 20M |
| Dividend Yield | 3.7% | 4.6% | 4.6% | 4.0% | 3.4% | 3.9% | 4.4% | 2.9% | 2.9% | 3.0% | 3.6% | N/A | 1.7% |
| Share Buybacks | 55M | 30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.5M | 1.5M |
| Buyback Yield | 14.1% | 9.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.1% |
| Stock-Based Comp | 3.1M | 4.9M | 3.4M | 3.6M | 4.3M | 1.7M | 3.5M | 3.2M | 7.4M | 6.7M | 1.7M | 3.5M | 3.7M |
| Debt Repayment | 0 | 0 | 3.8M | 16M | 75M | 0 | 0 | 40M | 0 | 0 | 486M | 302M | 302M |
| Balance Sheet | |||||||||||||
| Net Debt | 339M | 152M | 183M | 132M | -57M | 1.6M | 67M | 102M | 100M | 56M | 373M | 326M | 287M |
| Cash & Equiv. | 3.7M | 2.4M | 2.4M | 2.5M | 59M | 76M | 28M | 18M | 23M | 30M | 32M | 45M | 45M |
| Long-Term Debt | 236M | 192M | 190M | 151M | 77M | 77M | 38M | 91M | 94M | 32M | 355M | 311M | 292M |
| Debt/Equity | 2.34 | 1.58 | 2.00 | 1.44 | 0.01 | 0.46 | 0.51 | 0.57 | 0.48 | 0.29 | 1.46 | 1.26 | 1.15 |
| Interest Coverage | 2.6 | 3.4 | 2.8 | 2.9 | 1.0 | 7.6 | 10.9 | 11.5 | 18.4 | 12.1 | 1.4 | 2.7 | 2.7 |
| Equity | 147M | 98M | 93M | 94M | 155M | 167M | 189M | 209M | 256M | 293M | 278M | 294M | 289M |
| Total Assets | 563M | 429M | 382M | 356M | 349M | 353M | 400M | 485M | 543M | 542M | 861M | 851M | 837M |
| Total Liabilities | 417M | 331M | 289M | 262M | 194M | 186M | 211M | 275M | 286M | 249M | 583M | 557M | 548M |
| Intangibles | 72M | 59M | 47M | 39M | 30M | 31M | 41M | 50M | 52M | 45M | 166M | 151M | 143M |
| Retained Earnings | -79M | -78M | -93M | -120M | -141M | -135M | -118M | -104M | -64M | -36M | -48M | -34M | -41M |
| Working Capital | 132M | 37M | 62M | 51M | 85M | 102M | 41M | 87M | 119M | 92M | 112M | 112M | 118M |
| Current Assets | 285M | 154M | 141M | 150M | 183M | 185M | 184M | 220M | 257M | 257M | 259M | 281M | 300M |
| Current Liabilities | 154M | 117M | 79M | 99M | 97M | 83M | 142M | 133M | 138M | 165M | 147M | 169M | 182M |
| Per Share Data | |||||||||||||
| EPS | -0.27 | 0.57 | 0.03 | -0.33 | -0.10 | 0.68 | 1.02 | 0.92 | 1.64 | 1.32 | 0.19 | 0.93 | 0.70 |
| Owner EPS | 0.14 | 0.02 | -0.04 | 0.33 | 0.92 | 0.81 | 0.61 | 0.57 | 1.18 | 1.91 | 1.57 | 1.75 | 2.20 |
| Book Value | 4.56 | 3.14 | 2.64 | 3.13 | 4.62 | 4.66 | 5.25 | 5.74 | 6.98 | 7.91 | 7.32 | 7.83 | 7.71 |
| Cash Flow/Share | 1.20 | 1.21 | 0.96 | 1.48 | 1.83 | 1.52 | 1.29 | 1.23 | 1.98 | 2.33 | 2.09 | 2.31 | 1.15 |
| Dividends/Share | 0.52 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 |
| Shares Out. | 32.2M | 31.2M | 35.2M | 30.0M | 33.5M | 35.8M | 36.0M | 36.5M | 36.7M | 37.0M | 37.9M | 37.6M | 37.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 18.1 | 357.3 | N/A | N/A | 20.0 | 16.9 | 19.2 | 12.3 | 13.9 | 56.3 | N/A | 44.7 |
| P/FCF | 26.7 | 20.2 | 17.8 | 11.9 | 7.2 | 11.1 | 18.8 | 23.8 | 15.3 | 10.7 | 7.4 | N/A | 13.3 |
| EV/EBIT | 27.4 | 16.4 | 20.6 | 24.5 | 66.8 | 13.1 | 12.6 | 14.5 | 9.7 | 9.8 | 16.8 | N/A | 17.7 |
| Price/Book | 2.7 | 3.3 | 4.1 | 4.9 | 2.6 | 2.9 | 3.3 | 3.1 | 2.9 | 2.3 | 1.5 | N/A | 4.1 |
| Price/Sales | 0.7 | 0.6 | 0.7 | 0.7 | 0.9 | 1.0 | 0.9 | 0.9 | 0.7 | 0.8 | 0.7 | N/A | 1.5 |
| FCF Yield | 3.7% | 5.0% | 5.6% | 8.4% | 13.9% | 9.0% | 5.3% | 4.2% | 6.5% | 9.3% | 13.5% | N/A | 7.5% |
| Market Cap | 388M | 322M | 378M | 461M | 405M | 487M | 623M | 643M | 739M | 679M | 405M | 0 | 1.2B |
| Avg. Price | 13.17 | 11.55 | 9.91 | 13.53 | 15.73 | 13.91 | 12.27 | 18.27 | 18.30 | 18.07 | 15.10 | 0.00 | 31.44 |
| Year-End Price | 12.08 | 10.32 | 10.72 | 15.37 | 12.09 | 13.61 | 17.29 | 17.65 | 20.12 | 18.34 | 10.69 | 0.00 | 31.44 |
MYERS INDUSTRIES INC passes 1 of 9 quality checks, indicating weak fundamentals.
MYERS INDUSTRIES INC trades at 42.5x trailing earnings, compared to its 15-year median P/E of 18.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 17.2x vs a median of 11.9x. The company's 5-year average ROIC is 12.8% with a gross margin of 31.4%. Total shareholder yield (dividends + buybacks) is 1.9%. At current prices, the estimated annualized return to fair value is +6.6%.
MYERS INDUSTRIES INC (MYE) has a net profit margin of 4.2%. This is a modest margin.
MYERS INDUSTRIES INC (MYE) generated $67 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MYERS INDUSTRIES INC (MYE) has a debt-to-equity ratio of 1.26. This indicates moderate leverage.
MYERS INDUSTRIES INC (MYE) reported earnings per share (EPS) of $0.93 in its most recent fiscal year.
MYERS INDUSTRIES INC (MYE) has a return on equity (ROE) of 12.2%. This indicates moderate shareholder returns.
MYERS INDUSTRIES INC (MYE) has a 5-year average gross margin of 31.4%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for MYERS INDUSTRIES INC (MYE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MYERS INDUSTRIES INC (MYE) has a book value per share of $7.83, based on its most recent annual SEC filing.