Myers Industries, Inc. (MYE) vs O-I Glass, Inc. (OI)

Myers Industries, Inc. and O-I Glass, Inc. are both Packaging & Containers companies. Myers Industries, Inc. is the larger, with a market value of $1.2B against $900.5M — 1.3× the size. O-I Glass, Inc. has negative trailing earnings, so its P/E is not meaningful; Myers Industries, Inc. trades at 32.3×. Myers Industries, Inc. grew revenue faster over the last twelve months: 15.1% against −1.87%. Myers Industries, Inc. has the higher net margin (4.34% vs −18.1%) and the higher return on invested capital (10.1% vs 6.43%). Across the 20 metrics below, Myers Industries, Inc. leads on 15 and O-I Glass, Inc. on 5.

Valuation

Metric MYE OI Packaging & Containers median
P/E 32.33 n/m 15.79
P/S 1.39 0.14 0.88
P/B 3.84 1.67 1.60
Price to free cash flow 12.55 n/m 13.41
EV/EBITDA 10.73 5.39 9.04
EV/Sales 1.72 0.85 1.31
Earnings yield 3.09% (128.33%) 5.04%
Free cash flow yield 7.97% (2.78%) 6.34%

Profitability

Metric MYE OI Packaging & Containers median
Gross margin 34.67% 14.82% 20.03%
Operating margin 11.07% 8.08% 8.36%
Net margin 4.34% (18.13%) 4.53%
Free cash flow margin 11.11% (0.39%) 5.14%
Return on equity 12.39% (128.97%) 11.28%
Return on assets 4.29% (13.35%) 4.29%
Return on invested capital 10.12% 6.43% 6.43%

Growth

Metric MYE OI Packaging & Containers median
Revenue growth (TTM) 15.10% (1.87%) 9.10%
EPS growth (last fiscal year) 389.47% (21.74%) —
Revenue growth, 5-year CAGR 10.10% 1.08% 5.66%
Net income growth, 5-year CAGR (1.02%) 0.00% 0.00%

Health

Metric MYE OI Packaging & Containers median
Debt to equity 1.04 8.89 0.78
Current ratio 1.61 1.26 1.29
Net debt to EBITDA 2.65 3.69 2.65

Dividend

Metric MYE OI Packaging & Containers median
Dividend yield 2.94% — 2.79%
Payout ratio 0.39 0.00 0.28

Size

Metric MYE OI Packaging & Containers median
Market cap 1.19b 900.45m 3.71b

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