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Miller Industries, Inc is an auto parts business based in the US. Miller Industries shares (MLR) are listed on the NYSE and all prices are listed in US Dollars. Miller Industries employs 1,310 staff and has a trailing 12-month revenue of around USD$676.1 million.
|52-week range||USD$24.8306 - USD$42.75|
|50-day moving average||USD$40.3067|
|200-day moving average||USD$34.3027|
|Wall St. target price||USD$21|
|Dividend yield||USD$0.72 (1.77%)|
|Earnings per share (TTM)||USD$2.586|
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Valuing Miller Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Miller Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Miller Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Miller Industries shares trade at around 16x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Miller Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$48.4 million.
The EBITDA is a measure of a Miller Industries's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$676.1 million|
|Operating margin TTM||5.77%|
|Gross profit TTM||USD$96.5 million|
|Return on assets TTM||6.09%|
|Return on equity TTM||11.35%|
|Market capitalisation||USD$469.2 million|
TTM: trailing 12 months
There are currently 172,797 Miller Industries shares held short by investors – that's known as Miller Industries's "short interest". This figure is 6.8% up from 161,866 last month.
There are a few different ways that this level of interest in shorting Miller Industries shares can be evaluated.
Miller Industries's "short interest ratio" (SIR) is the quantity of Miller Industries shares currently shorted divided by the average quantity of Miller Industries shares traded daily (recently around 44999.21875). Miller Industries's SIR currently stands at 3.84. In other words for every 100,000 Miller Industries shares traded daily on the market, roughly 3840 shares are currently held short.
However Miller Industries's short interest can also be evaluated against the total number of Miller Industries shares, or, against the total number of tradable Miller Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Miller Industries's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Miller Industries shares in existence, roughly 20 shares are currently held short) or 0.0179% of the tradable shares (for every 100,000 tradable Miller Industries shares, roughly 18 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Miller Industries.
Find out more about how you can short Miller Industries stock.
Dividend payout ratio: 43.37% of net profits
Recently Miller Industries has paid out, on average, around 43.37% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Miller Industries shareholders could enjoy a 1.77% return on their shares, in the form of dividend payments. In Miller Industries's case, that would currently equate to about $0.72 per share.
While Miller Industries's payout ratio might seem fairly standard, it's worth remembering that Miller Industries may be investing much of the rest of its net profits in future growth.
Miller Industries's most recent dividend payout was on 14 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 4 December 2020 (the "ex-dividend date").
Miller Industries's shares were split on a 1:5 basis on 1 October 2001. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Miller Industries shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Miller Industries shares which in turn could have impacted Miller Industries's share price.
Over the last 12 months, Miller Industries's shares have ranged in value from as little as $24.8306 up to $42.75. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Miller Industries's is 1.0192. This would suggest that Miller Industries's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. The company was founded in 1990 and is based in Ooltewah, Tennessee.
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