MLR Stock Analysis: Miller Industries | NYSE
Auto Parts | NYSE, USA | Market Cap: 559m USD | 12M Return: 9.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.66M
EPS Trend: -65.7%
Qual. Beats: 0
Rev. Trend: -64.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Miller Industries, Inc. (NYSE: MLR) is a U.S.-based manufacturer specializing in towing and recovery equipment, operating within the Industrials sector under the Construction Machinery & Heavy Transportation Equipment sub-industry. The companys product portfolio includes wreckers for recovering disabled vehicles, hydraulic car carriers for transporting vehicles, and multi-vehicle transport trailers serving auto auctions, dealerships, and leasing companies.
The company maintains a multi-brand strategy, marketing its products under established names including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle. Distribution occurs through independent distributors across North America, Canada, and Mexico, alongside direct sales to governmental entities via prime contractors.
Founded in 1990 and headquartered in Ooltewah, Tennessee, Miller Industries has built a diversified customer base spanning commercial and public-sector clients. Its exposure to both private automotive logistics and government fleet contracts provides revenue diversification across economic cycles, a common characteristic among specialty industrial equipment manufacturers serving the vehicle lifecycle market.
- Towing equipment demand tracks North American vehicle replacement cycles
- Auto auction and dealer transport trailer orders drive recurring revenue
- Steel and chassis input costs pressure product margins
| Net Income: 15.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 19.64 > 1.0 |
| NWC/Revenue: 38.35% < 20% (prev 30.50%; Δ 7.84% < -1%) |
| CFO/TA 0.22 > 3% & CFO 126.8m > Net Income 15.5m |
| Net Debt (-26.2m) to EBITDA (38.3m): -0.68 < 3 |
| Current Ratio: 2.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.5m) vs 12m ago -0.74% < -2% |
| Gross Margin: 15.06% > 18% (prev 14.16%; Δ 0.89% > 0.5%) |
| Asset Turnover: 121.6% > 50% (prev 177.2%; Δ -55.60% > 0%) |
| Interest Coverage Ratio: 32.42 > 6 (EBIT TTM 23.0m / Interest Expense TTM 710k) |
| A: 0.49 (Total Current Assets 430.1m - Total Current Liabilities 144.5m) / Total Assets 585.6m |
| B: 0.46 (Retained Earnings 267.0m / Total Assets 585.6m) |
| C: 0.04 (EBIT TTM 23.0m / Avg Total Assets 612.6m) |
| D: 2.48 (Book Value of Equity 417.3m / Total Liabilities 168.3m) |
| Altman-Z'' = 7.54 = AAA |
| DSRI: 0.97 (Receivables 186.6m/292.6m, Revenue 744.7m/1.13b) |
| GMI: 0.94 (GM 14.16% / 15.06%) |
| AQI: 1.36 (AQ_t 0.04 / AQ_t-1 0.03) |
| SGI: 0.66 (Revenue 744.7m / 1.13b) |
| TATA: -0.19 (NI 15.5m - CFO 126.8m) / TA 585.6m) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of July 11, 2026, the stock is trading at USD 48.99 with a total of 58,977 shares traded. Over the past week, the price has changed by -0.04%, over one month by +2.49%, over three months by +0.63% and over the past year by +9.63%.
Current recommended Stop Loss: 46.80 (which is 4.5% or 1.3 ATR below the current price).
Miller Industries has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy MLR.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 54 | 10.2% |
P/E Trailing = 36.5746
P/E Forward = 18.2149
P/S = 0.7492
P/B = 1.3385
P/EG = 2.5588
Revenue TTM = 744.7m USD
EBIT TTM = 23.0m USD
EBITDA TTM = 38.3m USD
Long Term Debt = 21.0m USD (from longTermDebt, last quarter)
Short Term Debt = 2.52m USD (from shortTermDebt, last quarter)
Debt = 26.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 1.78m
Net Debt = -26.2m USD (calculated: Debt 26.8m - CCE 53.0m)
Enterprise Value = 532.3m USD (558.5m + Debt 26.8m - CCE 53.0m)
Interest Coverage Ratio = 32.42 (Ebit TTM 23.0m / Interest Expense TTM 710k)
EV/FCF = 4.83x (Enterprise Value 532.3m / FCF TTM 110.3m)
FCF Yield = 20.71% (FCF TTM 110.3m / Enterprise Value 532.3m)
FCF Margin = 14.80% (FCF TTM 110.3m / Revenue TTM 744.7m)
Net Margin = 2.08% (Net Income TTM 15.5m / Revenue TTM 744.7m)
Gross Margin = 15.06% ((Revenue TTM 744.7m - Cost of Revenue TTM 632.6m) / Revenue TTM)
Gross Margin QoQ = 14.20% (prev 15.50%)
Tobins Q-Ratio = 0.91 (Enterprise Value 532.3m / Total Assets 585.6m)
Interest Expense / Debt = 2.65% (Interest Expense 710k / Debt 26.8m)
Taxrate = 30.49% (6.80m / 22.3m)
NOPAT = 16.0m (EBIT 23.0m * (1 - 30.49%))
Current Ratio = 2.98 (Total Current Assets 430.1m / Total Current Liabilities 144.5m)
Debt / Equity = 0.06 (Debt 26.8m / totalStockholderEquity, last quarter 417.3m)
Debt / EBITDA = -0.68 (Net Debt -26.2m / EBITDA 38.3m)
Debt / FCF = -0.24 (Net Debt -26.2m / FCF TTM 110.3m)
Total Stockholder Equity = 419.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.53% (Net Income 15.5m / Total Assets 585.6m)
RoE = 3.70% (Net Income TTM 15.5m / Total Stockholder Equity 419.3m)
RoCE = 5.23% (EBIT 23.0m / Capital Employed (Equity 419.3m + L.T.Debt 21.0m))
RoIC = 3.94% (NOPAT 16.0m / Invested Capital 406.3m)
WACC = 9.14% (E(558.5m)/V(585.3m) * Re(9.49%) + D(26.8m)/V(585.3m) * Rd(2.65%) * (1-Tc(0.30)))
Discount Rate = 9.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 11.11 | Cagr: 0.02%
[DCF] Terminal Value 72.71% ; FCFF base≈110.3m ; Y1≈110.7m ; Y5≈117.3m
[DCF] Fair Price = 143.4 (EV 1.61b - Net Debt -26.2m = Equity 1.63b / Shares 11.4m; r=9.14% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -65.72 | EPS CAGR: -29.76% | SUE: -0.84 | # QB: 0
Revenue Correlation: -64.24 | Revenue CAGR: -13.08% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.38 | Chg30d=-69.11% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.70 | Chg30d=-30.69% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.09 | Chg30d=-49.27% | Revisions=-25% | GrowthEPS=+5.6% | GrowthRev=+11.7%
EPS next Year (2027-12-31): EPS=3.20 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+53.1% | GrowthRev=+18.1%