Added to YB: 2025-02-05
Pitch date: 2024-12-21
MLR [bearish]
Miller Industries, Inc.
+34.41%
current return
Author Info
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Company Info
Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment.
Market Cap
$507.9M
Pitch Price
$65.32
Price Target
42.00 (-2%)
Dividend
1.80%
EV/EBITDA
9.17
P/E
17.21
EV/Sales
0.61
Sector
Machinery
Category
N/A
Show full summary:
Miller Industries, Inc. - $MLR
MLR: Towing equipment maker facing headwinds. Record 2022-23 performance due to pricing power, chassis shortages. Normalizing conditions: distributor inventory recovering, interest rates pressuring end-customers. Expect margin reversion to 11% pre-COVID average. $42 2026 PT (-20% IRR). Risks: continued inventory build, pricing holds, operator resilience.
Read full article (8 min)