How to buy Miller Industries (MLR) shares in the UK

Learn how to easily invest in Miller Industries shares.

Miller Industries Inc (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. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: MLR in this case.
  5. Research Miller Industries shares. The platform should provide the latest information available.
  6. Buy your Miller Industries shares. It's that simple.
The whole process can take as little as 15 minutes.

How has coronavirus impacted Miller Industries's share price?

Since the stock market crash that started in February 2020, Miller Industries's share price has had significant positive movement.

Its last market close was $34.28, which is 3.62% up on its pre-crash value of $33.04 and 35.76% up on the lowest point reached during the March 2020 crash when the shares fell as low as $25.25.

If you had bought $1,000 worth of Miller Industries shares at the start of February 2020, those shares would have been worth $758.20 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $988.64.

Miller Industries share 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%
Volume18,227
Information last updated 2022-01-10.
52-week range$31.51 - $46.8831
50-day moving average$34.5366
200-day moving average$38.0447
Wall St. target price$21
PE ratio15.0446
Dividend yield$0.72 (2.1%)
Earnings per share (TTM)$2.24
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Fees for buying 20x Miller Industries shares with popular platforms

Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.

Platform Platform fee Min. initial deposit Trading fee estimate
eToro Free Stocks logo £0 $50 £2.86
£574.79 total
Capital at risk
Degiro Share Dealing logo £0 £0.01 £1.43
£573.36 total
Capital at risk
Stake logo £0 £50 £2.86
£574.79 total
Capital at risk
IG Share Dealing logo £0 £250 £10.21
£582.14 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo £0 £1 £17.67
£589.60 total
Capital at risk
interactive investor Trading Account logo £9.99 per month No minimum £16.57
£588.50 total
Capital at risk
Fineco logo £0 No minimum £5.72
£577.65 total
Capital at risk
Halifax Share Dealing Account logo £36 per year £20 £16.65
£588.58 total
Capital at risk

Full comparison of share dealing platforms

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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.

Is Miller Industries under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

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 15x. In other words, Miller Industries shares trade at around 15x 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.

EBITDA

Miller Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $44.8 million (£0.0 million).

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

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 9.09%
Profit margin 3.68%
Book value $25.403
Market capitalisation $384.5 million

TTM: trailing 12 months

Miller Industries share dividends

2.1%

Dividend yield: 2.1% of stock value

2.1%

Forward annual dividend yield: 2.1% of stock value

47.3%

Dividend payout ratio: 47.26% of net profits

Miller Industries has recently paid out dividends equivalent to 2.10% of its share value annually.

Miller Industries has paid out, on average, around 47.26% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 2.1% 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 it may be investing much of the rest of its net profits in future growth.

Miller Industries's most recent dividend payout was on 12 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 2 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 30 September 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.

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).

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