Myers Industries, Inc.MYE

$27.41+0.48 (+1.78%)
NYSEConsumer Cyclical24:00 UTC

Company snapshot

Market Cap
$1B
Small-cap
+98%
2016 — today
10-Year Price
+55%
2016 — today
52-Week Range
$14.26$27.41
Current $27.41· 100%

Myers Industries, Inc., an Akron, Ohio-based company established in 1933, operates through two principal business divisions: Material Handling and Distribution. The Material Handling segment specializes in manufacturing a diverse range of plastic products. These include various storage and organization solutions such as pallets, small parts bins, bulk shipping containers, and custom plastic components, utilizing injection, rotational, and blow molding techniques. They also produce consumer fuel containers and tanks for managing water, fuel, and waste. This segment caters to a broad spectrum of industries, including industrial manufacturing, food processing, retail distribution, agriculture, automotive, recreational and marine sectors, healthcare, and consumer goods markets, among others. These products are offered directly or via distributors, under well-known brands such as Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics. Conversely, the Distribution segment focuses on supplying essential tools, equipment, and ancillary products required for tire, wheel, and under-vehicle maintenance across passenger, heavy truck, and off-road vehicles. Additionally, it produces tire repair materials, bespoke rubber products, and reflective highway marking solutions. Its clientele spans retail and commercial tire dealerships, automotive repair centers, fleet operators, tire re-treaders, truck stops, and governmental bodies.

Valuation in context

P/E ratio
24.5
Above average
Pricier than usual over the last 10 years
P/B ratio
3.6
Above average
Pricier than usual over the last 10 years
EV / EBITDA
11.1
Above average
Pricier than usual over the last 10 years
Dividend Yield
2.0%
Near historic low
Near historic low — last 10 years
PEG ratio
2.9
Near historic high
Near historic highs — last 10 years
FCF Yield
8.6%
Above average
Above the 10-year average
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