Analyzing Myers Industries (MYE) and The Competition

Myers Industries (NYSE:MYE) is one of 70 publicly-traded companies in the “Containers & Packaging” industry, but how does it weigh in compared to its peers? We will compare Myers Industries to related businesses based on the strength of its dividends, valuation, institutional ownership, analyst recommendations, profitability, risk and earnings.

Institutional & Insider Ownership

90.8% of Myers Industries shares are held by institutional investors. Comparatively, 54.3% of shares of all “Containers & Packaging” companies are held by institutional investors. 1.9% of Myers Industries shares are held by insiders. Comparatively, 13.5% of shares of all “Containers & Packaging” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Myers Industries and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Myers Industries	$825.74 million	$34.93 million	33.00
Myers Industries Competitors	$6.16 billion	$213.75 million	11.04

Myers Industries’ peers have higher revenue and earnings than Myers Industries. Myers Industries is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of recent ratings and target prices for Myers Industries and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Myers Industries	0	1	2	0	2.67
Myers Industries Competitors	398	2372	3445	86	2.51

Myers Industries currently has a consensus target price of $37.00, suggesting a potential upside of 15.59%. As a group, “Containers & Packaging” companies have a potential upside of 41.12%. Given Myers Industries’ peers higher possible upside, analysts clearly believe Myers Industries has less favorable growth aspects than its peers.

Volatility & Risk

Myers Industries has a beta of 0.83, indicating that its stock price is 17% less volatile than the S&P 500. Comparatively, Myers Industries’ peers have a beta of 0.76, indicating that their average stock price is 24% less volatile than the S&P 500.

Dividends

Myers Industries pays an annual dividend of $0.54 per share and has a dividend yield of 1.7%. Myers Industries pays out 55.7% of its earnings in the form of a dividend. As a group, “Containers & Packaging” companies pay a dividend yield of 5.0% and pay out -78.8% of their earnings in the form of a dividend. Myers Industries lags its peers as a dividend stock, given its lower dividend yield and higher payout ratio.

Profitability

This table compares Myers Industries and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Myers Industries	4.86%	19.86%	6.88%
Myers Industries Competitors	-22.83%	5.56%	1.61%

Summary

Myers Industries beats its peers on 8 of the 15 factors compared.

About Myers Industries

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and 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, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle 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 under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. 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. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio.