Myers Industries Stock Z Score

MYE Stock

USD 21.90 0.40 1.79%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Myers Industries Piotroski F Score and Myers Industries Valuation analysis.

For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.

At present, Myers Industries' Change In Working Capital is projected to decrease significantly based on the last few years of reporting. The current year's Total Debt To Capitalization is expected to grow to 0.28, whereas Net Invested Capital is forecasted to decline to about 272.1 M. At present, Myers Industries' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 69.4 M, whereas Gross Profit is forecasted to decline to about 175.8 M.

Myers Industries Company Z Score Analysis

Myers Industries' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Myers Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Myers Industries is extremely important. It helps to project a fair market value of Myers Stock properly, considering its historical fundamentals such as Z Score. Since Myers Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Myers Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Myers Industries' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.75	0.47	-0.23	0.9	0.83	0.94	0.06	0.53	0.87	0.74	0.73	-0.46	-0.3	-0.62	0.18	0.12	0.2	0.14	-0.32	0.03	-0.19	0.26	-0.01	0.25	0.22
Total Stockholder Equity	0.75		-0.19	-0.02	0.85	0.25	0.82	-0.2	0.05	0.69	0.69	0.83	-0.8	-0.27	-0.36	0.65	0.08	-0.45	0.7	-0.11	-0.32	-0.4	0.48	0.06	0.47	0.38
Net Debt	0.47	-0.19		-0.09	0.24	0.85	0.25	0.42	0.77	0.3	0.24	-0.08	0.4	0.05	-0.31	-0.42	0.1	0.88	-0.66	-0.3	0.38	0.24	-0.14	-0.07	-0.25	0.0
Retained Earnings	-0.23	-0.02	-0.09		-0.13	-0.32	-0.21	-0.07	-0.06	-0.25	-0.18	-0.5	0.28	0.79	0.72	0.57	-0.37	-0.1	0.12	0.39	-0.61	0.3	0.16	0.07	-0.06	0.31
Net Receivables	0.9	0.85	0.24	-0.13		0.59	0.85	-0.05	0.25	0.86	0.69	0.73	-0.61	-0.25	-0.5	0.38	0.11	-0.03	0.32	-0.13	-0.15	-0.21	0.32	-0.08	0.29	0.22
Total Liab	0.83	0.25	0.85	-0.32	0.59		0.68	0.25	0.74	0.69	0.5	0.36	0.01	-0.21	-0.6	-0.28	0.12	0.67	-0.39	-0.38	0.31	0.06	-0.03	-0.07	-0.02	0.01
Total Current Assets	0.94	0.82	0.25	-0.21	0.85	0.68		-0.1	0.34	0.83	0.63	0.74	-0.5	-0.26	-0.49	0.28	-0.07	-0.01	0.27	-0.23	-0.08	-0.17	0.22	-0.04	0.3	0.16
Short Term Debt	0.06	-0.2	0.42	-0.07	-0.05	0.25	-0.1		0.18	-0.07	-0.01	-0.12	0.19	-0.02	-0.28	-0.29	0.11	0.42	-0.37	0.01	0.13	0.2	-0.05	0.08	-0.32	-0.13
Intangible Assets	0.53	0.05	0.77	-0.06	0.25	0.74	0.34	0.18		0.26	0.64	0.24	0.1	-0.25	-0.45	-0.05	0.47	0.61	-0.19	-0.72	0.46	-0.32	0.3	0.01	0.23	0.48
Accounts Payable	0.87	0.69	0.3	-0.25	0.86	0.69	0.83	-0.07	0.26		0.56	0.62	-0.48	-0.21	-0.57	0.06	-0.02	0.05	0.09	-0.11	-0.14	-0.05	0.1	0.06	0.07	0.0
Good Will	0.74	0.69	0.24	-0.18	0.69	0.5	0.63	-0.01	0.64	0.56		0.82	-0.61	-0.59	-0.67	0.41	0.65	-0.02	0.5	-0.69	0.23	-0.75	0.65	0.07	0.61	0.64
Common Stock	0.73	0.83	-0.08	-0.5	0.73	0.36	0.74	-0.12	0.24	0.62	0.82		-0.87	-0.73	-0.72	0.35	0.47	-0.31	0.59	-0.47	0.12	-0.68	0.49	0.05	0.56	0.4
Long Term Debt	-0.46	-0.8	0.4	0.28	-0.61	0.01	-0.5	0.19	0.1	-0.48	-0.61	-0.87		0.53	0.49	-0.54	-0.34	0.64	-0.7	0.16	0.25	0.58	-0.52	-0.18	-0.41	-0.47
Property Plant Equipment	-0.3	-0.27	0.05	0.79	-0.25	-0.21	-0.26	-0.02	-0.25	-0.21	-0.59	-0.73	0.53		0.81	0.11	-0.77	0.06	-0.33	0.74	-0.62	0.78	-0.43	-0.06	-0.49	-0.17
Current Deferred Revenue	-0.62	-0.36	-0.31	0.72	-0.5	-0.6	-0.49	-0.28	-0.45	-0.57	-0.67	-0.72	0.49	0.81		0.22	-0.61	-0.2	-0.04	0.57	-0.42	0.48	-0.28	-0.09	-0.24	-0.12
Net Tangible Assets	0.18	0.65	-0.42	0.57	0.38	-0.28	0.28	-0.29	-0.05	0.06	0.41	0.35	-0.54	0.11	0.22		0.06	-0.57	0.76	0.01	-0.54	-0.38	0.63	0.01	0.53	0.71
Short Term Investments	0.12	0.08	0.1	-0.37	0.11	0.12	-0.07	0.11	0.47	-0.02	0.65	0.47	-0.34	-0.77	-0.61	0.06		0.12	0.3	-0.77	0.59	-0.83	0.61	0.1	0.54	0.49
Long Term Debt Total	0.2	-0.45	0.88	-0.1	-0.03	0.67	-0.01	0.42	0.61	0.05	-0.02	-0.31	0.64	0.06	-0.2	-0.57	0.12		-0.74	-0.24	0.48	0.31	-0.19	-0.08	-0.2	-0.21
Capital Surpluse	0.14	0.7	-0.66	0.12	0.32	-0.39	0.27	-0.37	-0.19	0.09	0.5	0.59	-0.7	-0.33	-0.04	0.76	0.3	-0.74		-0.21	-0.17	-0.71	0.66	0.17	0.66	0.48
Deferred Long Term Liab	-0.32	-0.11	-0.3	0.39	-0.13	-0.38	-0.23	0.01	-0.72	-0.11	-0.69	-0.47	0.16	0.74	0.57	0.01	-0.77	-0.24	-0.21		-0.72	0.77	-0.54	-0.05	-0.55	-0.43
Accumulated Depreciation	0.03	-0.32	0.38	-0.61	-0.15	0.31	-0.08	0.13	0.46	-0.14	0.23	0.12	0.25	-0.62	-0.42	-0.54	0.59	0.48	-0.17	-0.72		-0.42	-0.01	-0.19	0.22	-0.16
Short Long Term Debt	-0.19	-0.4	0.24	0.3	-0.21	0.06	-0.17	0.2	-0.32	-0.05	-0.75	-0.68	0.58	0.78	0.48	-0.38	-0.83	0.31	-0.71	0.77	-0.42		-0.69	-0.07	-0.77	-0.6
Long Term Investments	0.26	0.48	-0.14	0.16	0.32	-0.03	0.22	-0.05	0.3	0.1	0.65	0.49	-0.52	-0.43	-0.28	0.63	0.61	-0.19	0.66	-0.54	-0.01	-0.69		0.47	0.54	0.71
Net Invested Capital	-0.01	0.06	-0.07	0.07	-0.08	-0.07	-0.04	0.08	0.01	0.06	0.07	0.05	-0.18	-0.06	-0.09	0.01	0.1	-0.08	0.17	-0.05	-0.19	-0.07	0.47		-0.25	0.18
Net Working Capital	0.25	0.47	-0.25	-0.06	0.29	-0.02	0.3	-0.32	0.23	0.07	0.61	0.56	-0.41	-0.49	-0.24	0.53	0.54	-0.2	0.66	-0.55	0.22	-0.77	0.54	-0.25		0.53
Capital Stock	0.22	0.38	0.0	0.31	0.22	0.01	0.16	-0.13	0.48	0.0	0.64	0.4	-0.47	-0.17	-0.12	0.71	0.49	-0.21	0.48	-0.43	-0.16	-0.6	0.71	0.18	0.53

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Myers Industries

Based on the company's disclosures, Myers Industries has a Z Score of 0.0. This is 100.0% lower than that of the Containers & Packaging sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Myers Industries Institutional Holders

Institutional Holdings refers to the ownership stake in Myers Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Myers Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Myers Industries' value.

		Shares
Geode Capital Management, Llc	2023-12-31	770.8 K
Teton Advisors Inc	2023-12-31	567.9 K
Morgan Stanley - Brokerage Accounts	2023-12-31	541.2 K
Bank Of New York Mellon Corp	2023-12-31	515.4 K
Charles Schwab Investment Management Inc	2023-12-31	487.7 K
Hotchkis & Wiley Capital Management Llc	2023-12-31	468.9 K
Northern Trust Corp	2023-12-31	386.2 K
Ameriprise Financial Inc	2023-12-31	331.4 K
Assenagon Asset Management Sa	2024-03-31	306.2 K
Blackrock Inc	2023-12-31	5.9 M
Gamco Investors, Inc. Et Al	2023-12-31	3.2 M

Myers Fundamentals

	Return On Equity	0.18
	Return On Asset	0.0717
	Profit Margin	0.06 %
	Operating Margin	0.05 %
	Current Valuation	872.61 M
	Shares Outstanding	36.94 M
	Shares Owned By Insiders	1.53 %
	Shares Owned By Institutions	91.72 %
	Number Of Shares Shorted	540.96 K
	Price To Earning	22.20 X
	Price To Book	2.74 X
	Price To Sales	0.99 X
	Revenue	813.07 M
	Gross Profit	284.07 M
	EBITDA	95 M
	Net Income	48.87 M
	Cash And Equivalents	22.43 M
	Cash Per Share	0.62 X
	Total Debt	95.49 M
	Debt To Equity	0.60 %
	Current Ratio	1.72 X
	Book Value Per Share	7.95 X
	Cash Flow From Operations	86.17 M
	Short Ratio	1.34 X
	Earnings Per Share	1.32 X
	Price To Earnings To Growth	14.87 X
	Target Price	30.0
	Number Of Employees	2.5 K
	Beta	1.33
	Market Capitalization	808.97 M
	Total Asset	541.63 M
	Retained Earnings	(35.52 M)
	Working Capital	91.51 M
	Current Asset	154.31 M
	Current Liabilities	116.81 M
	Annual Yield	0.02 %
	Five Year Return	2.99 %
	Net Asset	541.63 M
	Last Dividend Paid	0.54

About Myers Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Myers Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Myers Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Myers Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:

How To Invest In Myers

Details

Is Myers Stock a good investment?

Details

What is Myers Industries' Net Worth?

Details

Largest Metal, Glass & Plastic Containers Companies

View

Largest Packaging & Containers Companies

View

Check out Myers Industries Piotroski F Score and Myers Industries Valuation analysis.

For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Myers Stock analysis

When running Myers Industries' price analysis, check to measure Myers Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.

	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio

Is Myers Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.06)

Dividend Share

0.54

Earnings Share

1.32

Revenue Per Share

22.128

Quarterly Revenue Growth

(0.10)

The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Myers Industries Stock Z Score

Myers Industries Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Myers Z Score Driver Correlations

Myers Industries Institutional Holders

Myers Fundamentals

About Myers Industries Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Myers Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY