MLR Stock Analysis: Miller Industries | NYSE
Auto Parts | NYSE, USA | Market Cap: 640m USD | 12M Return: 31.1% | US6005512040 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.57M
EPS Trend: -85.0%
Qual. Beats: 1
Rev. Trend: -81.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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: 14.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 13.02 > 1.0 |
| NWC/Revenue: 34.93% < 20% (prev 34.75%; Δ 0.18% < -1%) |
| CFO/TA 0.22 > 3% & CFO 131.7m > Net Income 14.3m |
| Net Debt (-48.4m) to EBITDA (29.1m): -1.66 < 3 |
| Current Ratio: 2.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.5m) vs 12m ago -0.68% < -2% |
| Gross Margin: 14.72% > 18% (prev 14.76%; Δ -0.03% > 0.5%) |
| Asset Turnover: 125.1% > 50% (prev 156.7%; Δ -31.54% > 0%) |
| Interest Coverage Ratio: 28.35 > 6 (EBIT TTM 21.8m / Interest Expense TTM 768k) |
| A: 0.44 (Total Current Assets 453.7m - Total Current Liabilities 184.5m) / Total Assets 609.1m |
| B: 0.45 (Retained Earnings 271.8m / Total Assets 609.1m) |
| C: 0.04 (EBIT TTM 21.8m / Avg Total Assets 616.0m) |
| D: 2.22 (Book Value of Equity 420.1m / Total Liabilities 189.0m) |
| Altman-Z'' = 6.93 = AAA |
| DSRI: 1.05 (Receivables 225.0m/270.4m, Revenue 770.7m/975.9m) |
| GMI: 1.00 (GM 14.76% / 14.72%) |
| AQI: 1.20 (AQ_t 0.04 / AQ_t-1 0.03) |
| SGI: 0.79 (Revenue 770.7m / 975.9m) |
| TATA: -0.19 (NI 14.3m - CFO 131.7m) / TA 609.1m) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of August 27, 2026, the stock is trading at USD 57.20 with a total of 117,444 shares traded. Over the past week, the price has changed by +1.20%, over one month by +11.61%, over three months by +21.57% and over the past year by +31.10%.
Current recommended Stop Loss: 54.50 (which is 4.7% or 1.7 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 | 58 | 1.4% |
P/E Trailing = 45.4677
P/E Forward = 18.2149
P/S = 0.8297
P/B = 1.5206
P/EG = 2.5588
Revenue TTM = 770.7m USD
EBIT TTM = 21.8m USD
EBITDA TTM = 29.1m USD
Long Term Debt = 1.02m USD (from longTermDebt, last quarter)
Short Term Debt = 2.89m USD (from shortTermDebt, last quarter)
Debt = 7.23m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.54m
Net Debt = -48.4m USD (calculated: Debt 7.23m - CCE 55.6m)
Enterprise Value = 591.6m USD (640.0m + Debt 7.23m - CCE 55.6m)
Interest Coverage Ratio = 28.35 (Ebit TTM 21.8m / Interest Expense TTM 768k)
EV/FCF = 5.25x (Enterprise Value 591.6m / FCF TTM 112.7m)
FCF Yield = 19.05% (FCF TTM 112.7m / Enterprise Value 591.6m)
FCF Margin = 14.63% (FCF TTM 112.7m / Revenue TTM 770.7m)
Net Margin = 1.86% (Net Income TTM 14.3m / Revenue TTM 770.7m)
Gross Margin = 14.72% ((Revenue TTM 770.7m - Cost of Revenue TTM 657.2m) / Revenue TTM)
Gross Margin QoQ = 14.97% (prev 14.20%)
Tobins Q-Ratio = 0.97 (Enterprise Value 591.6m / Total Assets 609.1m)
Interest Expense / Debt = 10.62% (Interest Expense 768k / Debt 7.23m)
Taxrate = 31.86% (6.69m / 21.0m)
NOPAT = 14.8m (EBIT 21.8m * (1 - 31.86%))
Current Ratio = 2.46 (Total Current Assets 453.7m / Total Current Liabilities 184.5m)
Debt / Equity = 0.02 (Debt 7.23m / totalStockholderEquity, last quarter 420.1m)
Debt / EBITDA = -1.66 (Net Debt -48.4m / EBITDA 29.1m)
Debt / FCF = -0.43 (Net Debt -48.4m / FCF TTM 112.7m)
Total Stockholder Equity = 419.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.32% (Net Income 14.3m / Total Assets 609.1m)
RoE = 3.41% (Net Income TTM 14.3m / Total Stockholder Equity 419.6m)
RoCE = 5.18% (EBIT 21.8m / Capital Employed (Equity 419.6m + L.T.Debt 1.02m))
RoIC = 3.82% (NOPAT 14.8m / Invested Capital 388.9m)
WACC = 9.51% (E(640.0m)/V(647.3m) * Re(9.54%) + D(7.23m)/V(647.3m) * Rd(10.62%) * (1-Tc(0.32)))
Discount Rate = 9.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -34.61 | Cagr: -0.13%
[DCF] Terminal Value 74.29% ; FCFF base≈81.3m ; Y1≈93.2m ; Y5≈137.2m
[DCF] Fair Price = 155.1 (EV 1.71b - Net Debt -48.4m = Equity 1.76b / Shares 11.4m; r=9.51% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -85.00 | EPS CAGR: -42.41% | SUE: 1.07 | # QB: 1
Revenue Correlation: -81.10 | Revenue CAGR: -17.69% | SUE: 0.21 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.64 | Chg30d=-8.57% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.95 | Chg30d=+2.63% | Revisions=-25% | GrowthEPS=-1.5% | GrowthRev=+16.0%
EPS next Year (2027-12-31): EPS=2.78 | Chg30d=-6.71% | Revisions=+0% | GrowthEPS=+42.6% | GrowthRev=+11.4%