Added to YB: 2025-02-05
Pitch date: 2024-12-21
MLR [bearish]
Miller Industries, Inc.
+20.52%
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
$617.4M
Pitch Price
$64.51
Price Target
42.00 (-18%)
Dividend
1.54%
EV/EBITDA
14.49
P/E
43.87
EV/Sales
0.74
Sector
Machinery
Category
N/A
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.
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