Miller Industries, Inc. (MLR) vs Douglas Dynamics, Inc. (PLOW)

Miller Industries, Inc. and Douglas Dynamics, Inc. are both Auto Parts companies. Douglas Dynamics, Inc. is the larger, with a market value of $914.3M against $611.2M — 1.5× the size. Douglas Dynamics, Inc. trades at the lower P/E: 17.9× against 42.9×. Douglas Dynamics, Inc. grew revenue faster over the last twelve months: 20.1% against −21.0%. Douglas Dynamics, Inc. has the higher net margin (7.36% vs 1.86%) and the higher return on invested capital (11.3% vs 3.75%). Both pay a dividend; Douglas Dynamics, Inc. yields more (4.76% vs 1.69%). Across the 23 metrics below, Douglas Dynamics, Inc. leads on 14 and Miller Industries, Inc. on 9.

Valuation

Metric MLR PLOW Auto Parts median
P/E 42.89 17.91 17.92
P/S 0.80 1.32 0.64
P/B 1.46 3.08 1.15
Price to free cash flow 5.38 18.88 12.82
EV/EBITDA 14.98 11.21 7.66
EV/Sales 0.73 1.52 0.73
Earnings yield 2.33% 5.58% 2.73%
Free cash flow yield 18.59% 5.30% 3.47%

Profitability

Metric MLR PLOW Auto Parts median
Gross margin 14.71% 27.29% 22.64%
Operating margin 2.86% 11.27% 3.67%
Net margin 1.86% 7.36% 1.68%
Free cash flow margin 14.81% 7.00% 2.31%
Return on equity 3.41% 17.97% 2.35%
Return on assets 2.32% 7.37% 0.89%
Return on invested capital 3.75% 11.27% 4.55%

Growth

Metric MLR PLOW Auto Parts median
Revenue growth (TTM) (20.95%) 20.05% 5.00%
EPS growth (last fiscal year) (63.80%) (16.95%) —
Revenue growth, 5-year CAGR 3.94% 6.44% 7.78%
Net income growth, 5-year CAGR (5.06%) 0.00% 0.00%

Health

Metric MLR PLOW Auto Parts median
Debt to equity 0.01 0.46 0.38
Current ratio 2.46 2.16 1.78
Net debt to EBITDA (0.25) 1.50 1.26

Dividend

Metric MLR PLOW Auto Parts median
Dividend yield 1.69% 4.76% 2.37%
Payout ratio 0.21 0.78 0.00

Size

Metric MLR PLOW Auto Parts median
Market cap 611.20m 914.31m 914.31m

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