This module uses fundamental data of Myers Industries to approximate its Piotroski F score. Myers Industries F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Myers Industries. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Myers Industries financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Myers Industries Altman Z Score, Myers Industries Correlation, Myers Industries Valuation, as well as analyze Myers Industries Alpha and Beta and Myers Industries Hype Analysis.
At present, Myers Industries' Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Long Term Debt is expected to grow to about 373.1 M, whereas Long Term Debt Total is forecasted to decline to about 82.9 M. At present, Myers Industries' Dividend Yield is projected to increase slightly based on the last few years of reporting. The current year's PTB Ratio is expected to grow to 1.82, whereas Operating Cash Flow Per Share is forecasted to decline to 1.13.
At this time, it appears that Myers Industries' Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
The critical factor to consider when applying the Piotroski F Score to Myers Industries is to make sure Myers is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Myers Industries' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Myers Industries' financial numbers are properly reported.
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Myers Industries' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Myers Industries in a much-optimized way.
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
Common Stock Shares Outstanding
36.82 Million
At present, Myers Industries' Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting.
Myers Industries Current Valuation Drivers
We derive many important indicators used in calculating different scores of Myers Industries from analyzing Myers Industries' financial statements. These drivers represent accounts that assess Myers Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Myers Industries' important valuation drivers and their relationship over time.
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Myers Industries' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Myers Industries' managers, analysts, and investors.
Environmental
Governance
Social
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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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:
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Metal, Glass & Plastic Containers space 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
(0.68)
Dividend Share
0.54
Earnings Share
0.18
Revenue Per Share
22.516
Quarterly Revenue Growth
0.067
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.