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MLR logo MLR
Upturn stock ratingUpturn stock rating
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Miller Industries Inc (MLR)

Upturn stock ratingUpturn stock rating
$44.46
Last Close (24-hour delay)
Profit since last BUY-2.93%
upturn advisory
WEAK BUY
BUY since 31 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

06/30/2025: MLR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

2 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Year Target Price $67

Year Target Price $67

Analyst’s Price TargetsFor last 52 week
$67Target price
Low$37.23
Current$44.46
high$77.36

Analysis of Past Performance

Type Stock
Historic Profit -1.04%
Avg. Invested days 36
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 509.48M USD
Price to earnings Ratio 9.48
1Y Target Price 67
Price to earnings Ratio 9.48
1Y Target Price 67
Volume (30-day avg) 2
Beta 1.25
52 Weeks Range 37.23 - 77.36
Updated Date 06/30/2025
52 Weeks Range 37.23 - 77.36
Updated Date 06/30/2025
Dividends yield (FY) 1.80%
Basic EPS (TTM) 4.69

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 4.81%
Operating Margin (TTM) 4.74%

Management Effectiveness

Return on Assets (TTM) 6.78%
Return on Equity (TTM) 14.19%

Valuation

Trailing PE 9.48
Forward PE -
Enterprise Value 557161128
Price to Sales(TTM) 0.45
Enterprise Value 557161128
Price to Sales(TTM) 0.45
Enterprise Value to Revenue 0.49
Enterprise Value to EBITDA 6.45
Shares Outstanding 11459300
Shares Floating 10906024
Shares Outstanding 11459300
Shares Floating 10906024
Percent Insiders 4.8
Percent Institutions 100.19

Analyst Ratings

Rating 2
Target Price 67
Buy -
Strong Buy 2
Buy -
Strong Buy 2
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Miller Industries Inc

stock logo

Company Overview

overview logo History and Background

Miller Industries, Inc. was founded in 1990 by William F. Miller. It has grown to become a leading manufacturer of towing and recovery equipment, expanding through organic growth and acquisitions.

business area logo Core Business Areas

  • Domestic Towing Equipment: Manufactures and sells towing and recovery equipment in the United States.
  • International Towing Equipment: Manufactures and sells towing and recovery equipment internationally.
  • Financial Services: Provides financing options to customers for the purchase of Miller Industries' equipment.

leadership logo Leadership and Structure

William F. Miller is the CEO and Chairman of the Board. The company has a typical corporate structure with various departments including sales, marketing, manufacturing, and finance.

Top Products and Market Share

overview logo Key Offerings

  • Wreckers: Heavy-duty towing trucks used for recovering disabled vehicles. Market share is estimated to be around 40% in North America. Competitors include Jerr-Dan (owned by Oshkosh) and Century (also owned by Miller Industries).
  • Car Carriers: Trucks designed to transport multiple vehicles. Market share is approximately 35% in North America. Competitors include Cottrell and Boydstun.
  • Rotators: Specialized heavy-duty wreckers with rotating booms for complex recovery operations. Market share varies, but Miller Industries is a significant player. Competitors include NRC Industries and Vulcan Equipment.

Market Dynamics

industry overview logo Industry Overview

The towing and recovery equipment industry is driven by factors such as vehicle sales, traffic volume, and the age of vehicles on the road. The industry is moderately cyclical and sensitive to economic conditions.

Positioning

Miller Industries is the largest manufacturer of towing and recovery equipment. Its competitive advantages include a broad product line, strong brand recognition, and extensive distribution network.

Total Addressable Market (TAM)

The global towing and recovery equipment market is estimated at $3-4 billion annually. Miller Industries is well-positioned to capture a significant portion of this TAM due to its leading market share and strong reputation.

Upturn SWOT Analysis

Strengths

  • Leading market share
  • Broad product line
  • Strong brand recognition
  • Extensive distribution network

Weaknesses

  • Cyclical business model
  • Dependence on North American market
  • Exposure to commodity price fluctuations

Opportunities

  • Expansion into emerging markets
  • Development of new products and technologies
  • Strategic acquisitions
  • Increasing demand for electric towing vehicles

Threats

  • Economic downturns
  • Increased competition
  • Changes in government regulations
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • OSH (Jerr-Dan)
  • Dover Corp (BEL)
  • NRC Industries

Competitive Landscape

Miller Industries benefits from its scale and brand recognition. However, competitors such as Jerr-Dan (Oshkosh) have strong financial backing and compete aggressively. Smaller companies like NRC offer specialized products.

Major Acquisitions

Century Companies, Inc.

  • Year: 1992
  • Acquisition Price (USD millions):
  • Strategic Rationale: Expanded product line and market share in the towing and recovery equipment industry.

Growth Trajectory and Initiatives

Historical Growth: Miller Industries has achieved growth through organic expansion and strategic acquisitions.

Future Projections: Analyst estimates vary, but generally project continued growth in the coming years, driven by demand for towing and recovery equipment.

Recent Initiatives: Recent initiatives include investments in new product development and expansion into new markets.

Summary

Miller Industries is a leading manufacturer in the towing and recovery equipment industry, benefiting from its scale and brand. While the company's performance is linked to economic conditions, strategic initiatives and expansion into emerging markets could support growth. They need to be aware of the cyclical business model, and the impacts of increased competition, changes in government regulations, and potential supply chain disruptions.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst estimates

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market share estimates are approximate.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Miller Industries Inc

Exchange NYSE
Headquaters Ooltewah, TN, United States
IPO Launch date 1994-08-02
President, CEO & Director Mr. William G. Miller II
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 1690
Full time employees 1690

Miller Industries, Inc., together with its subsidiaries, manufactures and sells 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, which are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. 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 North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was incorporated in 1990 and is headquartered in Ooltewah, Tennessee.