Is Miller Industries Stock a Good Investment?
Miller Industries Investment Advice | MLR |
- Examine Miller Industries' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Miller Industries' leadership team and their track record. Good management can help Miller Industries navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction Machinery & Heavy Transportation Equipment space and any emerging trends that could impact Miller Industries' business and its evolving consumer preferences.
- Compare Miller Industries' performance and market position to its competitors. Analyze how Miller Industries is positioned in terms of product offerings, innovation, and market share.
- Check if Miller Industries pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Miller Industries' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Miller Industries stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Miller Industries is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Miller Industries Stock
Researching Miller Industries' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 86.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.82. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Miller Industries recorded earning per share (EPS) of 5.58. The entity last dividend was issued on the 2nd of December 2024. The firm had 1:5 split on the 1st of October 2001.
To determine if Miller Industries is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Miller Industries' research are outlined below:
| Miller Industries generated a negative expected return over the last 90 days | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: GHP Investment Advisors Inc. Sells 5,079 Shares of Miller Industries, Inc. - MarketBeat |
Miller Industries Quarterly Accounts Payable |
|
Miller Industries uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Miller Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Miller Industries' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Miller Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Miller Industries' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2010-05-04 | 2010-03-31 | 0.13 | 0.17 | 0.04 | 30 | ||
2009-08-05 | 2009-06-30 | 0.08 | 0.12 | 0.04 | 50 | ||
2012-03-07 | 2011-12-31 | 0.48 | 0.43 | -0.05 | 10 | ||
2009-11-09 | 2009-09-30 | 0.09 | 0.14 | 0.05 | 55 | ||
2011-11-08 | 2011-09-30 | 0.47 | 0.41 | -0.06 | 12 | ||
2010-03-10 | 2009-12-31 | 0.11 | 0.17 | 0.06 | 54 | ||
2009-05-06 | 2009-03-31 | 0.02 | 0.08 | 0.06 | 300 | ||
1998-03-11 | 1997-12-31 | 0.34 | 0.25 | -0.09 | 26 |
Know Miller Industries' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Miller Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Miller Industries backward and forwards among themselves. Miller Industries' institutional investor refers to the entity that pools money to purchase Miller Industries' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2024-09-30 | 239.4 K | State Street Corp | 2024-09-30 | 230.8 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 210 K | Allspring Global Investments Holdings, Llc | 2024-12-31 | 178.3 K | Advisorshares Investments, Llc | 2024-09-30 | 139.1 K | Mutual Of America Capital Management Llc | 116.9 K | Diversified Investment Strategies, Llc | 2024-12-31 | 109.1 K | Huber Capital Management Llc | 2024-09-30 | 105.9 K | Northern Trust Corp | 2024-09-30 | 105.3 K | Blackrock Inc | 2024-09-30 | 1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 865.8 K |
Miller Industries' market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 877.71 M.Market Cap |
|
Miller Industries' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.09 | |
| Return On Capital Employed | 0.22 | 0.15 | |
| Return On Assets | 0.08 | 0.09 | |
| Return On Equity | 0.15 | 0.16 |
Determining Miller Industries' profitability involves analyzing its financial statements and using various financial metrics to determine if Miller Industries is a good buy. For example, gross profit margin measures Miller Industries' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Miller Industries' profitability and make more informed investment decisions.
Miller Industries' Earnings Breakdown by Geography
Evaluate Miller Industries' management efficiency
Miller Industries has Return on Asset of 0.0861 % which means that on every $100 spent on assets, it made $0.0861 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1915 %, implying that it generated $0.1915 on every 100 dollars invested. Miller Industries' management efficiency ratios could be used to measure how well Miller Industries manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Miller Industries' Return On Tangible Assets are relatively stable compared to the past year. As of 02/16/2025, Return On Assets is likely to grow to 0.09, while Return On Capital Employed is likely to drop 0.15. At this time, Miller Industries' Total Assets are relatively stable compared to the past year. As of 02/16/2025, Non Currrent Assets Other is likely to grow to about 1.3 M, while Other Current Assets are likely to drop slightly above 3.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 27.37 | 28.74 | |
| Tangible Book Value Per Share | 25.80 | 27.09 | |
| Enterprise Value Over EBITDA | 6.36 | 7.78 | |
| Price Book Value Ratio | 1.60 | 1.86 | |
| Enterprise Value Multiple | 6.36 | 7.78 | |
| Price Fair Value | 1.60 | 1.86 | |
| Enterprise Value | 463.2 M | 307.4 M |
The decision-making processes within Miller Industries are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Basic technical analysis of Miller Stock
As of the 16th of February 2025, Miller Industries secures the Mean Deviation of 1.47, standard deviation of 2.19, and Risk Adjusted Performance of (0.07). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Miller Industries, as well as the relationship between them. Please verify Miller Industries variance and potential upside to decide if Miller Industries is priced some-what accurately, providing market reflects its recent price of 62.8 per share. Given that Miller Industries has information ratio of (0.12), we recommend you to check Miller Industries's last-minute market performance to make sure the company can sustain itself at a future point.Miller Industries' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Miller Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Miller Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Miller Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Miller Industries' Outstanding Corporate Bonds
Miller Industries issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Miller Industries uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Miller bonds can be classified according to their maturity, which is the date when Miller Industries has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 4875 Corp BondUS55336VAJ98 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Understand Miller Industries' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Miller Industries' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 1.47 | |||
| Coefficient Of Variation | (899.48) | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.8 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 12.72 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 2.41 | |||
| Skewness | (1.11) | |||
| Kurtosis | 7.45 |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 1.47 | |||
| Coefficient Of Variation | (899.48) | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.8 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 12.72 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 2.41 | |||
| Skewness | (1.11) | |||
| Kurtosis | 7.45 |
Consider Miller Industries' intraday indicators
Miller Industries intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Miller Industries stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Miller Industries Corporate Filings
| 7th of February 2025 Other Reports | ViewVerify | |
| 28th of January 2025 Other Reports | ViewVerify | |
8K | 17th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
Miller Stock media impact
Far too much social signal, news, headlines, and media speculation about Miller Industries that are available to investors today. That information is available publicly through Miller media outlets and privately through word of mouth or via Miller internal channels. However, regardless of the origin, that massive amount of Miller data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Miller Industries news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Miller Industries relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Miller Industries' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Miller Industries alpha.
Miller Industries Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Miller Industries can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Additional Tools for Miller Stock Analysis
When running Miller Industries' price analysis, check to measure Miller 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 Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.