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Upturn AI SWOT - About
MYE 
Myers Industries Inc (MYE)
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Upturn Advisory Summary
06/30/2025: MYE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $21
1 Year Target Price $21
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -24.38% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 541.67M USD | Price to earnings Ratio 51.75 | 1Y Target Price 21 |
Price to earnings Ratio 51.75 | 1Y Target Price 21 | ||
Volume (30-day avg) 1 | Beta 1.14 | 52 Weeks Range 8.98 - 16.68 | Updated Date 06/30/2025 |
52 Weeks Range 8.98 - 16.68 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 3.68% | Basic EPS (TTM) 0.28 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.26% | Operating Margin (TTM) 8.44% |
Management Effectiveness
Return on Assets (TTM) 5.28% | Return on Equity (TTM) 3.69% |
Valuation
Trailing PE 51.75 | Forward PE - | Enterprise Value 934930854 | Price to Sales(TTM) 0.65 |
Enterprise Value 934930854 | Price to Sales(TTM) 0.65 | ||
Enterprise Value to Revenue 1.12 | Enterprise Value to EBITDA 10.36 | Shares Outstanding 37382300 | Shares Floating 36679878 |
Shares Outstanding 37382300 | Shares Floating 36679878 | ||
Percent Insiders 1.83 | Percent Institutions 90.38 |
Analyst Ratings
Rating 1 | Target Price 21 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Myers Industries Inc
Company Overview
History and Background
Myers Industries, Inc. was founded in 1933 by Samuel Myers as Myers Tire Supply Company. Initially focused on tire repair materials, it evolved through acquisitions and organic growth to become a diversified manufacturer of polymer products and distributor of tire service supplies.
Core Business Areas
- Material Handling: Manufactures a wide range of plastic reusable containers, pallets, and related products for various industries, including food processing, automotive, and retail. This segment contributes significantly to revenue.
- Distribution: Distributes tools, supplies, and equipment for the tire, wheel, and undervehicle service industries. This segment offers a diverse product portfolio and serves a broad customer base.
Leadership and Structure
Mike McGaugh serves as the President and CEO. The company has a typical corporate structure with various functional departments reporting to the CEO.
Top Products and Market Share
Key Offerings
- Reusable Plastic Containers: Myers Industries is a significant player in the reusable plastic container market. Market share data varies depending on specific container types but is estimated to be in the top 3-5 providers in North America. Competitors include ORBIS Corporation and IPL Plastics. Market share is estimated at 8% globally.
- Tire Repair Materials and Equipment: The company distributes a comprehensive line of tire repair products, including patches, tools, and equipment. Market share data is not readily available but they are a major distributor of these products within the US. Competitors include 3M and Tech International. Market share is estimated at 15% in North America.
Market Dynamics
Industry Overview
The polymer products industry is driven by factors such as the demand for durable, lightweight, and recyclable materials. The distribution of tire service supplies is influenced by the automotive aftermarket and vehicle miles traveled.
Positioning
Myers Industries is positioned as a solutions provider for material handling and tire service needs. Its competitive advantages include a diversified product portfolio, strong customer relationships, and an established distribution network.
Total Addressable Market (TAM)
The TAM for the industries served by Myers Industries is estimated to be several billion USD annually. The company is positioned to capture a portion of this market through its diverse product offerings and established customer base.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Established distribution network
- Strong customer relationships
- Experienced management team
Weaknesses
- Exposure to raw material price fluctuations
- Dependence on economic cycles
- Relatively smaller market capitalization compared to some competitors
Opportunities
- Expansion into new geographic markets
- Development of innovative polymer products
- Acquisition of complementary businesses
- Increased demand for sustainable packaging solutions
Threats
- Intense competition
- Changes in government regulations
- Economic downturns
- Disruptions in the supply chain
Competitors and Market Share
Key Competitors
- ORBS
- PACK
- GREIF
Competitive Landscape
Myers Industries faces competition from a range of players in the polymer products and distribution industries. Its strengths include a diversified product portfolio and established distribution network. Weaknesses include exposure to raw material price fluctuations and dependence on economic cycles.
Major Acquisitions
Elkhart Plastics
- Year: 2018
- Acquisition Price (USD millions): 66.5
- Strategic Rationale: Expanded Myers' rotational molding capabilities and broadened its product offerings in the industrial and recreational vehicle markets.
Sarp
- Year: 2020
- Acquisition Price (USD millions): 20.9
- Strategic Rationale: Enhanced its distribution capabilities and expanded its presence in the European market for tire service supplies.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been a mix of organic growth and acquisitions. The company has expanded its product offerings and geographic reach through strategic acquisitions.
Future Projections: Analyst estimates suggest moderate revenue growth in the coming years, driven by increased demand for polymer products and expansion into new markets. Profitability is expected to improve as the company benefits from cost-cutting initiatives.
Recent Initiatives: Recent initiatives include acquisitions of complementary businesses, investments in new product development, and efforts to improve operational efficiency.
Summary
Myers Industries is a diversified manufacturer and distributor with a solid market presence, particularly in material handling and tire service industries. They have shown steady performance with dividends but are sensitive to economic fluctuations and face stiff competition. Strategic acquisitions and innovation will be crucial for sustained growth. Key items they need to look out for are raw material price fluctuations and supply chain disruptions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news sources
- Industry reports
- Analyst estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Myers Industries Inc
Exchange NYSE | Headquaters Akron, OH, United States | ||
IPO Launch date 1987-09-08 | President, CEO & Director Mr. Aaron M. Schapper | ||
Sector Consumer Cyclical | Industry Packaging & Containers | Full time employees 2700 | Website https://www.myersindustries.com |
Full time employees 2700 | Website https://www.myersindustries.com | ||
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.
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