Miller Industries, Inc.
Miller Industries, Inc. Fundamental Analysis
Miller Industries, Inc. (MLR) shows weak financial fundamentals with a PE ratio of 15.97, profit margin of 3.59%, and ROE of 7.32%. The company generates $0.8B in annual revenue with moderate year-over-year growth of 9.03%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 51.7/100 based on profitability, valuation, growth, and balance sheet metrics. The C grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze MLR's fundamental strength across five key dimensions:
Efficiency Score
WeakMLR struggles to generate sufficient returns from assets.
Valuation Score
ExcellentMLR trades at attractive valuation levels.
Growth Score
ModerateMLR shows steady but slowing expansion.
Financial Health Score
ExcellentMLR maintains a strong and stable balance sheet.
Profitability Score
WeakMLR struggles to sustain strong margins.
Key Financial Metrics
Is MLR Expensive or Cheap?
P/E Ratio
MLR trades at 15.97 times earnings. This indicates a fair valuation.
PEG Ratio
When adjusting for growth, MLR's PEG of -0.55 indicates potential undervaluation.
Price to Book
The market values Miller Industries, Inc. at 1.14 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 8.75 times EBITDA. This is generally considered low.
How Well Does MLR Make Money?
Net Profit Margin
For every $100 in sales, Miller Industries, Inc. keeps $3.59 as profit after all expenses.
Operating Margin
Core operations generate 4.73 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $7.32 in profit for every $100 of shareholder equity.
ROA
Miller Industries, Inc. generates $4.99 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Miller Industries, Inc. generates limited operating cash flow of $38.18M, signaling weaker underlying cash strength.
Free Cash Flow
Miller Industries, Inc. produces free cash flow of $28.30M, offering steady but limited capital for shareholder returns and expansion.
FCF Per Share
Each share generates $2.47 in free cash annually.
FCF Yield
MLR converts 5.87% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
15.97
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-0.55
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.14
vs 25 benchmark
P/S Ratio
Price to sales ratio
0.57
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.11
vs 25 benchmark
Current Ratio
Current assets to current liabilities
3.46
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.07
vs 25 benchmark
ROA
Return on assets percentage
0.05
vs 25 benchmark
ROCE
Return on capital employed
0.08
vs 25 benchmark
How MLR Stacks Against Its Sector Peers
| Metric | MLR Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 15.97 | 24.85 | Better (Cheaper) |
| ROE | 7.32% | 1165.00% | Weak |
| Net Margin | 3.59% | 749.00% | Weak |
| Debt/Equity | 0.11 | 0.76 | Strong (Low Leverage) |
| Current Ratio | 3.46 | 9.23 | Strong Liquidity |
| ROA | 4.99% | 1271.00% | Weak |
MLR outperforms its industry in 3 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Miller Industries, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
53.03%
Industry Style: Cyclical, Growth, Discretionary
High GrowthEPS CAGR
61.63%
Industry Style: Cyclical, Growth, Discretionary
High GrowthFCF CAGR
-52.19%
Industry Style: Cyclical, Growth, Discretionary
Declining