One-glance verdict
Within fair range
$29.29 our estimate vs market $30.61
Wall Street consensus: $37.00 (26.3% higher than our fair-value estimate)
5% above our estimate
Fundamentals snapshot
Myers Industries, Inc.
MYE · NYQ · Consumer Cyclical · Packaging & Containers
Current price
$30.61
52-week range
$15.54 - $37.45
Market cap
$1.15B
Balance sheet
Stretched
2.55x Stretched
Net debt $293.58M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Returns 17.1% on equity, ahead of 60% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Net debt grew 205.4% over 3 years.
- Risk Insider ownership is only 1.4% (peer median: 3.8%).
What this company does
Myers Industries, Inc.
Myers Industries runs two main businesses: one that makes and sells a wide variety of plastic and rubber products like industrial storage bins and fuel tanks, and another that distributes tools and supplies to tire repair shops. This split is important because having multiple sources of revenue (the total money a company brings in from sales) can help protect the company's overall health if one part of its business faces a slowdown.
How the company got here
Myers Industries began in 1933 as a small tire supply shop in Akron, Ohio, founded by brothers Meyer and Louis Myers. They initially focused on providing "Everything for the Tire Dealer." In the 1940s, they expanded into manufacturing plastic and rubber products, which shaped the future of the company. Over the decades, Myers grew by acquiring other companies, building a diverse portfolio of brands in plastics manufacturing. Recently, the company has been focusing on its core plastics business and in 2026, sold its original tire supply distribution business to simplify its operations.
What it actually does
Myers Industries makes a wide variety of plastic, metal, and rubber products that are used to store, move, and protect things. Think of the reusable plastic bins and pallets used in warehouses, containers for shipping food, or even the portable fuel cans you might use for your lawnmower. They also create specialized products like ground protection mats for construction sites and custom-molded parts for RVs and boats. Essentially, they create durable, often reusable, items that are critical for many different industries to operate smoothly.
Material Handling
This is the company's largest business segment, making up about 70% of its operations. It designs and manufactures a vast range of reusable products like plastic containers, pallets, bins, and tanks. Customers in industries like manufacturing, food processing, agriculture, and healthcare buy these products to store and transport their goods efficiently and safely. This segment's products are meant to be used over and over, which helps other companies reduce waste from single-use packaging.
Distribution
This part of the company focuses on selling tools, equipment, and supplies for servicing tires and vehicles. Its customers are businesses like tire dealers, auto repair shops, and commercial truck fleets. They provide everything from tire repair patches to the machinery used to mount and balance tires. While this was the original foundation of the company, Myers recently sold its North American Distribution business to focus more on its manufacturing operations.
What management is betting on now
The company's current strategy is centered on a "Focused Transformation" initiative. A key part of this was selling its tire supply distribution business to concentrate on its more profitable Material Handling segment. Management is focused on improving operational excellence (running the business more efficiently to lower costs) and investing in its most promising product areas, like composite matting and products for the military. They are also committed to sustainability by increasing the use of recycled materials in their manufacturing processes.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$10.15M
FY2024 Q4
$20.21M
FY2025 Q1
$2.05M
FY2025 Q2
$24.70M
FY2025 Q3
$21.51M
FY2025 Q4
$18.94M
FY2026 Q1
$23.43M
FY2026 Q2
$27.93M
Revenue
$179.20M
Net income
$20.03M
Diluted EPS
0.53
Operating cash flow
$33.54M
Free cash flow
$27.93M
Fetching…
Sources
Revenue
$164.58M
Net income
$-1.83M
Diluted EPS
-0.05
Operating cash flow
$26.20M
Free cash flow
$23.43M
Fetching…
Sources
Revenue
$203.97M
Net income
$11.33M
Diluted EPS
0.30
Operating cash flow
$22.56M
Free cash flow
$18.94M
Fetching…
Sources
Revenue
$205.44M
Net income
$7.09M
Diluted EPS
0.19
Operating cash flow
$25.76M
Free cash flow
$21.51M
Fetching…
Sources
Revenue
$209.58M
Net income
$9.71M
Diluted EPS
0.26
Operating cash flow
$28.31M
Free cash flow
$24.70M
Fetching…
Sources
Revenue
$206.75M
Net income
$6.80M
Diluted EPS
0.18
Operating cash flow
$10.13M
Free cash flow
$2.05M
Fetching…
Sources
Revenue
$203.88M
Net income
$4.30M
Diluted EPS
0.11
Operating cash flow
$27.35M
Free cash flow
$20.21M
Fetching…
Sources
Revenue
$205.07M
Net income
$-10.88M
Diluted EPS
-0.29
Operating cash flow
$17.33M
Free cash flow
$10.15M
Fetching…
Sources
Is it cheap or expensive?
Fair value $29.29 vs current price $30.61
Wall Street consensus is the average analyst price target: $37.00 (26.3% higher than our fair-value estimate).
Our most-likely fair value is $29.29 a share — about 4.3% away from today's price of $30.61, so the stock currently looks fairly priced.
Is it drowning in debt?
Stretched
Net debt $293.6M. Interest coverage 2.6x.
Net debt
$293.58M
Interest coverage
2.55x
Myers Industries, Inc.'s profit covers its interest bill about 2.6 times over. and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Stretched
Worse cushion
Baseline
Better cushion
MYE
BASELINE
Myers Industries, Inc.
Total debt $341.22M Interest coverage 2.55x This is the baseline the peer rows are being compared against.
Total debt $437.77M Interest coverage 0.49x -81% vs MYE Carries about 5.2x less debt cushion than MYE.
Total debt $136.34M Interest coverage 9.48x +271% vs MYE Carries about 3.7x more debt cushion than MYE.
Total debt $1.23B Interest coverage 6.72x +163% vs MYE Carries about 2.6x more debt cushion than MYE.
Total debt $4.83B Interest coverage 3.48x +36% vs MYE Carries about 1.4x more debt cushion than MYE.
Total debt $4.77B Interest coverage 3.05x +19% vs MYE Carries about 1.2x more debt cushion than MYE.
What you should know
The case for and against MYE
3 Rewards
2 Risks
Rewards
-
Returns 17.1% on equity, ahead of 60% of its peers.
-
Free cash flow was positive in 10/10 years.
-
Dividend yield is 1.8% with 41-year payout history.
Risks
-
Net debt grew 205.4% over 3 years.
-
Insider ownership is only 1.4% (peer median: 3.8%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
22.84x
Forward P/E
15.30x
P/B
3.76x
P/S
1.36x
EV/EBITDA
9.87x
PEG ratio
4.62x
Profitability
How much profit each dollar creates
Gross margin
34.9%
Operating margin
17.4%
Net margin
4.3%
ROE
17.1%
ROA
7.6%
Health
Liquidity and balance-sheet strength
Debt / equity
1.11x
Current ratio
1.61x
Quick ratio
0.84x
Total debt
$341.22M
Total cash
$47.63M
Growth
How the business has been compounding
Revenue TTM
$753.19M
Revenue 5Y CAGR
2.0%
EPS TTM
1.34
EPS 5Y CAGR
-17.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$108.06M
Free CF TTM
$67.21M
FCF margin
8.9%
Dividend
Shareholder payout
Yield
1.8%
Payout ratio
40.3%
Last ex-div date
2026-09-18