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How to buy Miller Industries (MLR) stocks in Canada

Learn how to easily invest in Miller Industries stocks.

Miller Industries (MLR) is a leading auto parts business based in the US. It opened the day at $39.28 after a previous close of $39.74. During the day the price has varied from a low of $38.99 to a high of $39.52. The latest price was $39.12 (25 minute delay). Miller Industries is listed on the NYSE and employs 1,254 staff. All prices are listed in US Dollars.

How to buy shares in Miller Industries

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – MLR – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Miller Industries stock price (NYSE:MLR)

Use our graph to track the performance of MLR stocks over time.

Miller Industries shares at a glance

Information last updated 2021-07-02.
Open$39.28
High$39.52
Low$38.99
Close$39.12
Previous close$39.74
Change $-0.62
Change % -1.5601%
Volume 18,227
Information last updated 2022-01-25.
52-week range$31.51 - $46.88
50-day moving average $33.98
200-day moving average $37.49
Wall St. target price$21.00
PE ratio 12.3477
Dividend yield $0.72 (2.24%)
Earnings per share (TTM) $2.24

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Is it a good time to buy Miller Industries stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Miller Industries price performance over time

Historical closes compared with the close of $39.12 from 2022-01-24

1 week (2022-01-19) 18.01%
1 month (2021-12-23) 20.37%
3 months (2021-10-26) 12.71%
6 months (2021-07-26) 3.16%
1 year (2021-01-26) -5.64%
2 years (2020-01-24) 7.80%
3 years (2019-01-25) 31.28%
5 years (2017-01-26) 41.23%

Is Miller Industries under- or over-valued?

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 P/E ratio

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 12x. In other words, Miller Industries shares trade at around 12x 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

Miller Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $44.8 million.

The EBITDA is a measure of a Miller Industries's overall financial performance and is widely used to measure a its profitability.

Miller Industries financials

Revenue TTM $694.1 million
Operating margin TTM 4.9%
Gross profit TTM $78.4 million
Return on assets TTM 5.26%
Return on equity TTM 909.42%
Profit margin 3.68%
Book value $25.40
Market capitalisation $368.7 million

TTM: trailing 12 months

Miller Industries share dividends

47%

Dividend payout ratio: 47.26% of net profits

Recently Miller Industries has paid out, on average, around 47.26% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.24% 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 2.24% 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 13 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 3 December 2021 (the "ex-dividend date").

Have Miller Industries's shares ever split?

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.

Miller Industries share price volatility

Over the last 12 months, Miller Industries's shares have ranged in value from as little as $31.51 up to $46.8831. A popular way to gauge a stock's volatility is its "beta".

MLR.US volatility(beta: 1)Avg. volatility(beta: 1.00)LowHigh

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 1.0035. 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 overview

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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