Professional
Added to YB: 2024-12-19
Pitch date: 2024-12-18
MYE [neutral]
Myers Industries, Inc.
+69.4%
current return
Author Info
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Company Info
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution.
Market Cap
$669.2M
Pitch Price
$11.38
Price Target
23.42 (+20%)
Dividend
3.02%
EV/EBITDA
8.23
P/E
24.23
EV/Sales
1.24
Sector
Containers and Packaging
Category
turnaround
Myers Industries (MYE) Positioned for Growth with 100% Return on Equity by 2026
MYE (potential turnaround): Down 30% YTD on slow growth & leveraged acquisition. Packaging co. expects Signature deal to add $0.20-0.30 EPS by 2025, $0.40-0.50 by 2026. Net leverage to <2x in 2 yrs, $100m+ FCF. 7x EV/EBITDA for DD% growth. Potential 100% return by 2026 at 8x $150m EBITDA. Insider buying bullish.
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