Myers Net Income vs Ebit Analysis

MYE Stock

USD 10.95 0.31 2.91%

Myers Industries financial indicator trend analysis is infinitely more than just investigating Myers Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myers Industries is a good investment. Please check the relationship between Myers Industries Net Income and its Ebit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myers Industries Net Income account and Ebit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Myers Industries' Net Income and Ebit is 0.9. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Myers Industries, assuming nothing else is changed. The correlation between historical values of Myers Industries' Net Income and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Myers Industries are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income i.e., Myers Industries' Net Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Myers Industries financial statement analysis. It represents the amount of money remaining after all of Myers Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Ebit

Most indicators from Myers Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myers Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.At present, Myers Industries' Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2022	2023	2024	2025 (projected)
Interest Expense	5.7M	6.3M	7.3M	7.2M
Depreciation And Amortization	21.2M	22.8M	26.2M	26.0M

Interest Expense Depreciation And Amortization

Myers Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.46	0.65	0.93	0.79	0.89	0.4	-0.1	-0.01	0.96	-0.14	-0.01	0.91	0.63	0.44	0.8	0.64	0.74	0.81	0.53	0.95	0.08	0.55	0.88	0.78	0.77
Short Long Term Debt Total	0.46		0.14	0.31	-0.16	0.39	0.96	-0.29	-0.31	0.59	0.25	-0.31	0.2	-0.23	0.95	-0.02	0.1	0.09	0.88	0.04	0.26	0.4	0.79	0.32	0.31	0.03
Other Current Liab	0.65	0.14		0.53	0.64	0.47	0.1	-0.01	0.38	0.64	-0.09	0.38	0.59	0.64	0.16	0.46	0.31	0.61	0.4	0.47	0.59	0.01	0.47	0.39	0.73	0.68
Total Current Liabilities	0.93	0.31	0.53		0.81	0.79	0.24	-0.08	0.0	0.87	-0.11	0.0	0.88	0.67	0.22	0.77	0.51	0.69	0.67	0.5	0.9	-0.02	0.43	0.92	0.75	0.77
Total Stockholder Equity	0.79	-0.16	0.64	0.81		0.69	-0.2	0.12	0.24	0.67	-0.34	0.24	0.88	0.89	-0.18	0.87	0.57	0.77	0.27	0.63	0.85	-0.13	0.12	0.72	0.71	0.87
Property Plant And Equipment Net	0.89	0.39	0.47	0.79	0.69		0.44	0.1	-0.32	0.89	-0.13	-0.32	0.86	0.45	0.43	0.87	0.85	0.55	0.73	0.53	0.8	0.15	0.39	0.84	0.53	0.54
Net Debt	0.4	0.96	0.1	0.24	-0.2	0.44		-0.11	-0.53	0.55	0.15	-0.53	0.17	-0.29	0.93	0.02	0.22	-0.05	0.83	0.05	0.2	0.42	0.75	0.26	0.21	-0.11
Retained Earnings	-0.1	-0.29	-0.01	-0.08	0.12	0.1	-0.11		-0.34	-0.1	-0.66	-0.34	0.01	0.13	-0.31	0.12	0.27	-0.43	-0.27	0.45	-0.08	-0.03	-0.01	-0.14	-0.14	-0.31
Cash	-0.01	-0.31	0.38	0.0	0.24	-0.32	-0.53	-0.34		-0.09	-0.01	1.0	-0.05	0.46	-0.33	-0.17	-0.36	0.47	-0.24	0.17	0.09	-0.23	0.01	-0.13	0.31	0.5
Non Current Assets Total	0.96	0.59	0.64	0.87	0.67	0.89	0.55	-0.1	-0.09		0.01	-0.09	0.87	0.52	0.55	0.71	0.56	0.67	0.86	0.54	0.82	0.21	0.66	0.84	0.79	0.7
Non Currrent Assets Other	-0.14	0.25	-0.09	-0.11	-0.34	-0.13	0.15	-0.66	-0.01	0.01		-0.01	-0.18	-0.35	0.22	-0.18	-0.33	0.07	0.11	-0.46	-0.28	0.21	-0.06	0.06	0.0	-0.02
Cash And Short Term Investments	-0.01	-0.31	0.38	0.0	0.24	-0.32	-0.53	-0.34	1.0	-0.09	-0.01		-0.05	0.46	-0.33	-0.17	-0.36	0.47	-0.24	0.17	0.09	-0.23	0.01	-0.13	0.31	0.5
Net Receivables	0.91	0.2	0.59	0.88	0.88	0.86	0.17	0.01	-0.05	0.87	-0.18	-0.05		0.68	0.18	0.89	0.62	0.73	0.58	0.55	0.88	-0.01	0.29	0.87	0.73	0.79
Common Stock Shares Outstanding	0.63	-0.23	0.64	0.67	0.89	0.45	-0.29	0.13	0.46	0.52	-0.35	0.46	0.68		-0.29	0.65	0.34	0.69	0.12	0.69	0.69	-0.2	0.2	0.5	0.68	0.86
Non Current Liabilities Total	0.44	0.95	0.16	0.22	-0.18	0.43	0.93	-0.31	-0.33	0.55	0.22	-0.33	0.18	-0.29		0.02	0.24	0.08	0.87	-0.04	0.28	0.35	0.69	0.29	0.19	-0.02
Inventory	0.8	-0.02	0.46	0.77	0.87	0.87	0.02	0.12	-0.17	0.71	-0.18	-0.17	0.89	0.65	0.02		0.81	0.65	0.41	0.47	0.82	-0.08	0.07	0.82	0.56	0.67
Other Current Assets	0.64	0.1	0.31	0.51	0.57	0.85	0.22	0.27	-0.36	0.56	-0.33	-0.36	0.62	0.34	0.24	0.81		0.36	0.44	0.42	0.66	0.02	0.11	0.57	0.21	0.31
Other Stockholder Equity	0.74	0.09	0.61	0.69	0.77	0.55	-0.05	-0.43	0.47	0.67	0.07	0.47	0.73	0.69	0.08	0.65	0.36		0.41	0.42	0.74	-0.05	0.28	0.65	0.81	0.92
Total Liab	0.81	0.88	0.4	0.67	0.27	0.73	0.83	-0.27	-0.24	0.86	0.11	-0.24	0.58	0.12	0.87	0.41	0.44	0.41		0.23	0.67	0.25	0.74	0.69	0.53	0.38
Property Plant And Equipment Gross	0.53	0.04	0.47	0.5	0.63	0.53	0.05	0.45	0.17	0.54	-0.46	0.17	0.55	0.69	-0.04	0.47	0.42	0.42	0.23		0.47	0.09	0.44	0.36	0.54	0.52
Total Current Assets	0.95	0.26	0.59	0.9	0.85	0.8	0.2	-0.08	0.09	0.82	-0.28	0.09	0.88	0.69	0.28	0.82	0.66	0.74	0.67	0.47		-0.07	0.37	0.85	0.68	0.78
Short Term Debt	0.08	0.4	0.01	-0.02	-0.13	0.15	0.42	-0.03	-0.23	0.21	0.21	-0.23	-0.01	-0.2	0.35	-0.08	0.02	-0.05	0.25	0.09	-0.07		0.24	-0.06	0.05	-0.06
Intangible Assets	0.55	0.79	0.47	0.43	0.12	0.39	0.75	-0.01	0.01	0.66	-0.06	0.01	0.29	0.2	0.69	0.07	0.11	0.28	0.74	0.44	0.37	0.24		0.3	0.62	0.27
Accounts Payable	0.88	0.32	0.39	0.92	0.72	0.84	0.26	-0.14	-0.13	0.84	0.06	-0.13	0.87	0.5	0.29	0.82	0.57	0.65	0.69	0.36	0.85	-0.06	0.3		0.62	0.68
Good Will	0.78	0.31	0.73	0.75	0.71	0.53	0.21	-0.14	0.31	0.79	0.0	0.31	0.73	0.68	0.19	0.56	0.21	0.81	0.53	0.54	0.68	0.05	0.62	0.62		0.81
Common Stock Total Equity	0.77	0.03	0.68	0.77	0.87	0.54	-0.11	-0.31	0.5	0.7	-0.02	0.5	0.79	0.86	-0.02	0.67	0.31	0.92	0.38	0.52	0.78	-0.06	0.27	0.68	0.81

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Myers Industries Account Relationship Matchups

Myers Industries fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	400.0M	484.5M	542.6M	541.6M	622.9M	431.3M
Short Long Term Debt Total	95.7M	130.0M	132.4M	95.5M	109.8M	126.2M
Other Current Liab	29.9M	36.4M	45.6M	42.8M	49.2M	32.4M
Total Current Liabilities	142.2M	132.5M	137.8M	165.1M	189.9M	97.7M
Total Stockholder Equity	189.1M	209.3M	256.4M	292.8M	336.7M	195.2M
Property Plant And Equipment Net	92.3M	121.3M	130.5M	135.9M	156.3M	126.2M
Net Debt	67.4M	112.4M	109.2M	65.2M	75.0M	112.2M
Retained Earnings	(117.9M)	(104.2M)	(64.0M)	(35.5M)	(32.0M)	(30.4M)
Cash	28.3M	17.7M	23.1M	30.3M	34.8M	36.6M
Non Current Assets Total	216.3M	264.6M	285.4M	285.0M	327.8M	244.1M
Non Currrent Assets Other	123.9M	143.2M	7.9M	8.4M	9.6M	9.1M
Cash And Short Term Investments	28.3M	17.7M	23.1M	30.3M	34.8M	36.6M
Net Receivables	84.8M	103.2M	133.7M	128.6M	147.9M	89.4M
Common Stock Shares Outstanding	35.7M	35.9M	36.4M	37.1M	42.7M	36.7M
Liabilities And Stockholders Equity	400.0M	484.5M	542.6M	541.6M	622.9M	431.3M
Non Current Liabilities Total	68.7M	142.7M	148.4M	83.7M	96.3M	138.4M
Inventory	65.9M	93.6M	93.4M	90.8M	104.5M	72.6M
Other Current Assets	4.8M	5.5M	7.0M	6.9M	7.9M	8.8M
Other Stockholder Equity	300.9M	306.7M	315.9M	322.5M	290.3M	304.8M
Total Liab	210.9M	275.2M	286.2M	248.8M	286.2M	236.1M
Property Plant And Equipment Gross	92.3M	121.3M	101.6M	425.1M	488.8M	513.3M
Total Current Assets	183.7M	219.9M	257.2M	256.6M	295.1M	187.2M
Accumulated Other Comprehensive Income	(15.8M)	(15.4M)	(17.8M)	(16.8M)	(19.3M)	(20.3M)
Short Term Debt	48.7M	11.7M	13.4M	32.5M	37.4M	39.3M
Intangible Assets	41.0M	50.2M	51.8M	45.1M	51.9M	66.1M
Accounts Payable	61.2M	81.7M	73.5M	79.1M	90.9M	53.8M
Good Will	79.3M	88.8M	95.2M	95.4M	85.9M	81.6M
Common Stock Total Equity	21.8M	21.9M	22.2M	22.3M	25.7M	21.0M
Common Stock	21.9M	22.2M	22.3M	22.6M	20.3M	19.3M
Other Assets	22.0M	143.3M	8.0M	1.0	1.15	1.09
Long Term Debt	37.6M	90.9M	94.0M	32.0M	28.8M	27.4M
Property Plant Equipment	55.0M	74.0M	92.0M	101.6M	91.4M	116.2M
Current Deferred Revenue	2.9M	5.2M	10.6M	6.5M	5.8M	10.6M
Other Liab	22.6M	17.3M	18.5M	22.8M	26.2M	16.3M
Net Tangible Assets	73.2M	82.6M	70.4M	256.4M	294.9M	309.6M
Retained Earnings Total Equity	(135.1M)	(117.9M)	(104.2M)	(64.0M)	(57.6M)	(60.5M)
Long Term Debt Total	77.2M	37.6M	100.4M	102.9M	92.6M	82.9M
Capital Surpluse	296.4M	300.9M	306.7M	315.9M	363.2M	291.8M

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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

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Is Myers Stock a good investment?

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What is Myers Industries' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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

(0.04)

Dividend Share

0.54

Earnings Share

0.42

Revenue Per Share

22.234

Quarterly Revenue Growth

0.037

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.

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Myers Net Income vs Ebit Analysis

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

Correlation Coefficient

Net Income

Ebit

Myers Industries fundamental ratios Correlations

Myers Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Myers Industries fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.96	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total
Total Current Assets	+ 0.95	Total Assets
Non Current Liabilities Total	+ 0.95	Short Long Term Debt Total
Total Current Liabilities	+ 0.93	Total Assets

Non Currrent Assets Other	- 0.66	Retained Earnings
Cash And Short Term Investments	- 0.53	Net Debt
Cash	- 0.53	Net Debt
Property Plant And Equipment Gross	- 0.46	Non Currrent Assets Other
Other Stockholder Equity	- 0.43	Retained Earnings
Other Current Assets	- 0.36	Cash And Short Term Investments