(MLR) Miller Industries - Overview
Sector: Consumer Cyclical | Industry: Auto Parts | Exchange: NYSE (USA) | Market Cap: 522m USD | Total Return: 17.9% in 12m
Industry Rotation: +10.6
Avg Turnover: 3.68M USD
Peers RS (IBD): 46.3
EPS Trend: -30.7%
Qual. Beats: 0
Rev. Trend: -15.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Squeeze
Miller Industries Inc. (MLR) manufactures and sells towing and recovery equipment. This includes wreckers, car carriers, and transport trailers.
The companys products are used for recovering and towing disabled vehicles, transporting new or disabled vehicles, and moving multiple vehicles. This sector is cyclical, tied to economic activity and vehicle sales.
MLR markets its products under various brand names, including Century, Vulcan, and Holmes. Their business model relies on a network of independent distributors in North America, Canada, and Mexico, as well as sales to governmental entities through prime contractors.
For more detailed analysis of MLRs financial performance and market position, continue your research on ValueRay.
- Demand for new tow trucks drives sales
- Steel and chassis prices impact manufacturing costs
- Government infrastructure spending boosts equipment orders
- Interest rates affect distributor financing and customer purchasing
| Net Income: 23.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 14.19 > 1.0 |
| NWC/Revenue: 38.38% < 20% (prev 26.39%; Δ 11.99% < -1%) |
| CFO/TA 0.17 > 3% & CFO 98.7m > Net Income 23.0m |
| Net Debt (-11.1m) to EBITDA (46.1m): -0.24 < 3 |
| Current Ratio: 3.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.6m) vs 12m ago -0.25% < -2% |
| Gross Margin: 15.25% > 18% (prev 0.14%; Δ 1.51k% > 0.5%) |
| Asset Turnover: 125.7% > 50% (prev 188.5%; Δ -62.87% > 0%) |
| Interest Coverage Ratio: 47.59 > 6 (EBITDA TTM 46.1m / Interest Expense TTM 660k) |
| A: 0.51 (Total Current Assets 439.6m - Total Current Liabilities 136.6m) / Total Assets 589.7m |
| B: 0.46 (Retained Earnings 268.8m / Total Assets 589.7m) |
| C: 0.05 (EBIT TTM 31.4m / Avg Total Assets 628.3m) |
| D: 1.58 (Book Value of Equity 267.5m / Total Liabilities 169.1m) |
| Altman-Z'' Score: 6.85 = AAA |
| DSRI: 1.01 (Receivables 198.3m/313.4m, Revenue 789.5m/1.26b) |
| GMI: 0.89 (GM 15.25% / 13.58%) |
| AQI: 1.42 (AQ_t 0.04 / AQ_t-1 0.03) |
| SGI: 0.63 (Revenue 789.5m / 1.26b) |
| TATA: -0.13 (NI 23.0m - CFO 98.7m) / TA 589.7m) |
| Beneish M-Score: -3.27 (Cap -4..+1) = AA |
Over the past week, the price has changed by +5.89%, over one month by +8.08%, over three months by +22.79% and over the past year by +17.89%.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48.5 | 0.2% |
P/E Forward = 18.2149
P/S = 0.6609
P/B = 1.2354
P/EG = 2.5588
Revenue TTM = 789.5m USD
EBIT TTM = 31.4m USD
EBITDA TTM = 46.1m USD
Long Term Debt = 31.1m USD (from longTermDebt, last quarter)
Short Term Debt = 2.42m USD (from shortTermDebt, last quarter)
Debt = 33.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -11.1m USD (from netDebt column, last quarter)
Enterprise Value = 511.2m USD (522.3m + Debt 33.6m - CCE 44.7m)
Interest Coverage Ratio = 47.59 (Ebit TTM 31.4m / Interest Expense TTM 660k)
EV/FCF = 6.01x (Enterprise Value 511.2m / FCF TTM 85.0m)
FCF Yield = 16.63% (FCF TTM 85.0m / Enterprise Value 511.2m)
FCF Margin = 10.77% (FCF TTM 85.0m / Revenue TTM 789.5m)
Net Margin = 2.92% (Net Income TTM 23.0m / Revenue TTM 789.5m)
Gross Margin = 15.25% ((Revenue TTM 789.5m - Cost of Revenue TTM 669.1m) / Revenue TTM)
Gross Margin QoQ = 15.50% (prev 14.18%)
Tobins Q-Ratio = 0.87 (Enterprise Value 511.2m / Total Assets 589.7m)
Interest Expense / Debt = 0.53% (Interest Expense 178k / Debt 33.6m)
Taxrate = 32.25% (1.62m / 5.03m)
NOPAT = 21.3m (EBIT 31.4m * (1 - 32.25%))
Current Ratio = 3.22 (Total Current Assets 439.6m / Total Current Liabilities 136.6m)
Debt / Equity = 0.08 (Debt 33.6m / totalStockholderEquity, last quarter 420.6m)
Debt / EBITDA = -0.24 (Net Debt -11.1m / EBITDA 46.1m)
Debt / FCF = -0.13 (Net Debt -11.1m / FCF TTM 85.0m)
Total Stockholder Equity = 416.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.66% (Net Income 23.0m / Total Assets 589.7m)
RoE = 5.52% (Net Income TTM 23.0m / Total Stockholder Equity 416.6m)
RoCE = 7.02% (EBIT 31.4m / Capital Employed (Equity 416.6m + L.T.Debt 31.1m))
RoIC = 4.54% (NOPAT 21.3m / Invested Capital 468.7m)
WACC = 9.45% (E(522.3m)/V(555.9m) * Re(10.03%) + D(33.6m)/V(555.9m) * Rd(0.53%) * (1-Tc(0.32)))
Discount Rate = 10.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.21%
[DCF] Terminal Value 64.38% ; FCFF base≈51.6m ; Y1≈33.9m ; Y5≈15.5m
[DCF] Fair Price = 22.51 (EV 244.9m - Net Debt -11.1m = Equity 256.0m / Shares 11.4m; r=9.45% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -30.73 | EPS CAGR: -35.12% | SUE: -3.46 | # QB: 0
Revenue Correlation: -15.70 | Revenue CAGR: -5.96% | SUE: 0.05 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.38 | Chg7d=-0.850 | Chg30d=-0.850 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=2.09 | Chg7d=-2.030 | Chg30d=-2.030 | Revisions Net=-1 | Growth EPS=+5.6% | Growth Revenue=+9.5%
EPS next Year (2027-12-31): EPS=3.20 | Chg7d=+3.200 | Chg30d=+3.200 | Revisions Net=+0 | Growth EPS=+53.1% | Growth Revenue=+18.8%