Miller Industries Stock Z Score

MLR Stock

USD 49.14 0.06 0.12%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Miller Industries Piotroski F Score and Miller Industries Valuation analysis.

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.

At this time, Miller Industries' Capital Lease Obligations is relatively stable compared to the past year. As of 04/29/2024, Capital Expenditures is likely to grow to about 12.7 M, while Net Invested Capital is likely to drop slightly above 320.2 M. At this time, Miller Industries' Net Income is relatively stable compared to the past year. As of 04/29/2024, Income Tax Expense is likely to grow to about 16.3 M, while Interest Expense is likely to drop slightly above 4.3 M.

Miller Industries Company Z Score Analysis

Miller Industries' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Miller Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Miller Industries is extremely important. It helps to project a fair market value of Miller Stock properly, considering its historical fundamentals such as Z Score. Since Miller Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Miller Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Miller Industries' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Long Term Debt	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Debt Total	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.5	0.96	0.98	0.98	0.97	1.0	-0.51	0.62	-0.2	0.12	-0.49	0.84	0.19	0.82	0.83	0.88	0.79	-0.77	0.5	0.88	0.87	-0.73
Total Stockholder Equity	0.97		0.33	0.94	0.92	0.93	0.9	0.96	-0.51	0.68	-0.36	-0.07	-0.6	0.8	0.01	0.85	0.73	0.82	0.66	-0.8	0.57	0.83	0.82	-0.61
Net Debt	0.5	0.33		0.47	0.57	0.56	0.65	0.52	-0.52	0.05	0.43	0.68	0.17	0.58	0.64	0.27	0.64	0.52	0.83	-0.33	-0.11	0.55	0.54	-0.68
Retained Earnings	0.96	0.94	0.47		0.93	0.92	0.92	0.94	-0.63	0.44	-0.03	0.25	-0.29	0.94	0.29	0.9	0.77	0.92	0.73	-0.85	0.63	0.92	0.91	-0.67
Accounts Payable	0.98	0.92	0.57	0.93		0.99	0.99	0.98	-0.47	0.55	-0.08	0.22	-0.38	0.85	0.31	0.77	0.87	0.87	0.82	-0.71	0.45	0.86	0.85	-0.78
Net Receivables	0.98	0.93	0.56	0.92	0.99		0.98	0.98	-0.45	0.59	-0.13	0.17	-0.43	0.83	0.27	0.75	0.87	0.83	0.8	-0.73	0.4	0.84	0.83	-0.78
Total Liab	0.97	0.9	0.65	0.92	0.99	0.98		0.98	-0.48	0.53	-0.03	0.29	-0.34	0.85	0.36	0.74	0.89	0.88	0.89	-0.69	0.42	0.88	0.87	-0.81
Total Current Assets	1.0	0.96	0.52	0.94	0.98	0.98	0.98		-0.46	0.63	-0.19	0.13	-0.48	0.82	0.22	0.78	0.85	0.88	0.81	-0.72	0.49	0.87	0.87	-0.76
Short Term Debt	-0.51	-0.51	-0.52	-0.63	-0.47	-0.45	-0.48	-0.46		-0.05	-0.15	-0.32	-0.04	-0.73	-0.24	-0.63	-0.33	-0.49	-0.4	0.79	-0.34	-0.56	-0.56	0.29
Intangible Assets	0.62	0.68	0.05	0.44	0.55	0.59	0.53	0.63	-0.05		-0.72	-0.5	-0.83	0.22	-0.46	0.22	0.31	0.35	0.34	-0.33	0.13	0.23	0.22	-0.49
Good Will	-0.2	-0.36	0.43	-0.03	-0.08	-0.13	-0.03	-0.19	-0.15	-0.72		0.91	0.93	0.2	0.87	-0.11	0.16	0.11	0.17	0.14	0.01	0.09	0.09	-0.23
Long Term Debt	0.12	-0.07	0.68	0.25	0.22	0.17	0.29	0.13	-0.32	-0.5	0.91		0.77	0.47	0.88	0.12	0.37	0.38	0.52	-0.11	0.06	0.36	0.36	-0.44
Common Stock	-0.49	-0.6	0.17	-0.29	-0.38	-0.43	-0.34	-0.48	-0.04	-0.83	0.93	0.77		-0.03	0.63	-0.31	-0.22	-0.16	-0.13	0.28	-0.12	-0.21	-0.21	0.08
Property Plant Equipment	0.84	0.8	0.58	0.94	0.85	0.83	0.85	0.82	-0.73	0.22	0.2	0.47	-0.03		0.43	0.85	0.71	0.84	0.72	-0.87	0.53	0.86	0.85	-0.62
Current Deferred Revenue	0.19	0.01	0.64	0.29	0.31	0.27	0.36	0.22	-0.24	-0.46	0.87	0.88	0.63	0.43		0.18	0.6	0.41	0.49	-0.06	0.16	0.45	0.45	-0.53
Net Tangible Assets	0.82	0.85	0.27	0.9	0.77	0.75	0.74	0.78	-0.63	0.22	-0.11	0.12	-0.31	0.85	0.18		0.64	0.78	0.53	-0.86	0.67	0.9	0.9	-0.31
Capital Surpluse	0.83	0.73	0.64	0.77	0.87	0.87	0.89	0.85	-0.33	0.31	0.16	0.37	-0.22	0.71	0.6	0.64		0.78	0.82	-0.49	0.39	0.84	0.84	-0.81
Deferred Long Term Liab	0.88	0.82	0.52	0.92	0.87	0.83	0.88	0.88	-0.49	0.35	0.11	0.38	-0.16	0.84	0.41	0.78	0.78		0.79	-0.6	0.68	0.93	0.92	-0.72
Long Term Debt Total	0.79	0.66	0.83	0.73	0.82	0.8	0.89	0.81	-0.4	0.34	0.17	0.52	-0.13	0.72	0.49	0.53	0.82	0.79		-0.49	0.21	0.8	0.79	-0.78
Short Long Term Debt	-0.77	-0.8	-0.33	-0.85	-0.71	-0.73	-0.69	-0.72	0.79	-0.33	0.14	-0.11	0.28	-0.87	-0.06	-0.86	-0.49	-0.6	-0.49		-0.41	-0.7	-0.7	0.35
Cash And Equivalents	0.5	0.57	-0.11	0.63	0.45	0.4	0.42	0.49	-0.34	0.13	0.01	0.06	-0.12	0.53	0.16	0.67	0.39	0.68	0.21	-0.41		0.63	0.63	-0.26
Net Invested Capital	0.88	0.83	0.55	0.92	0.86	0.84	0.88	0.87	-0.56	0.23	0.09	0.36	-0.21	0.86	0.45	0.9	0.84	0.93	0.8	-0.7	0.63		1.0	-0.59
Net Working Capital	0.87	0.82	0.54	0.91	0.85	0.83	0.87	0.87	-0.56	0.22	0.09	0.36	-0.21	0.85	0.45	0.9	0.84	0.92	0.79	-0.7	0.63	1.0		-0.58
Capital Stock	-0.73	-0.61	-0.68	-0.67	-0.78	-0.78	-0.81	-0.76	0.29	-0.49	-0.23	-0.44	0.08	-0.62	-0.53	-0.31	-0.81	-0.72	-0.78	0.35	-0.26	-0.59	-0.58

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Miller Industries

Based on the company's disclosures, Miller Industries has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Miller Industries Institutional Holders

Institutional Holdings refers to the ownership stake in Miller Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Miller Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Miller Industries' value.

		Shares
Mutual Of America Capital Management Llc	2023-12-31	224.8 K
State Street Corporation	2023-12-31	214.7 K
Goldman Sachs Group Inc	2023-12-31	209.5 K
Huber Capital Management Llc	2023-12-31	188.9 K
Pacific Ridge Capital Partners, Llc	2023-12-31	166.7 K
Lord, Abbett & Co Llc	2023-12-31	150.8 K
Ameriprise Financial Inc	2023-12-31	131.3 K
Allspring Global Investments Holdings, Llc	2023-12-31	127.8 K
Diversified Investment Strategies, Llc	2023-12-31	113.7 K
Thrivent Financial For Lutherans	2023-12-31	1.1 M
Dimensional Fund Advisors, Inc.	2023-12-31	894.7 K

Miller Fundamentals

	Return On Equity	0.18
	Return On Asset	0.0857
	Profit Margin	0.05 %
	Operating Margin	0.08 %
	Current Valuation	592.67 M
	Shares Outstanding	11.45 M
	Shares Owned By Insiders	4.13 %
	Shares Owned By Institutions	84.82 %
	Number Of Shares Shorted	61.66 K
	Price To Earning	10.55 X
	Price To Book	1.65 X
	Price To Sales	0.50 X
	Revenue	1.15 B
	Gross Profit	82.42 M
	EBITDA	92.01 M
	Net Income	58.29 M
	Cash And Equivalents	40.15 M
	Cash Per Share	2.73 X
	Total Debt	60.83 M
	Debt To Equity	0.14 %
	Current Ratio	2.27 X
	Book Value Per Share	30.40 X
	Cash Flow From Operations	10.96 M
	Short Ratio	0.95 X
	Earnings Per Share	5.07 X
	Target Price	21.0
	Number Of Employees	1.8 K
	Beta	1.05
	Market Capitalization	561.75 M
	Total Asset	654.1 M
	Retained Earnings	200.16 M
	Working Capital	275.76 M
	Current Asset	219.26 M
	Current Liabilities	94.49 M
	Annual Yield	0.02 %
	Five Year Return	2.40 %
	Net Asset	654.1 M
	Last Dividend Paid	0.72

About Miller Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Miller Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Miller Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Miller Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Miller Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Miller Industries' short interest history, or implied volatility extrapolated from Miller Industries options trading.

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When determining whether Miller Industries is a strong investment it is important to analyze Miller 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 Miller Industries' future performance. For an informed investment choice regarding Miller Stock, refer to the following important reports:

How To Invest In Miller

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Is Miller Stock a good investment?

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What is Miller Industries' Net Worth?

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Check out Miller Industries Piotroski F Score and Miller Industries Valuation analysis.

To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Miller Stock analysis

When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.

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Is Miller Industries' industry 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 Miller Industries. If investors know Miller 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 Miller 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

0.793

Dividend Share

0.72

Earnings Share

5.07

Revenue Per Share

100.827

Quarterly Revenue Growth

0.312

The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller 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 Miller Industries' market value can be influenced by many factors that don't directly affect Miller 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 Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller 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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Miller Industries Stock Z Score

Miller Industries Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Miller Z Score Driver Correlations

Miller Industries Institutional Holders

Miller Fundamentals

About Miller Industries Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Miller Stock analysis

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