MLR - Miller Industries, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$50.00
DETAILS
HIGH:
$56.00
LOW:
$44.00
MEDIAN:
$50.00
CONSENSUS:
$50.00
UPSIDE:
7.39%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
80% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
16.0x
2.98$
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
15.6x
Plain-Language Summary
Applying a 16x P/E to adjusted EPS of $2.98, the base-case value is $47.62 per share. DDM cross-check: $15.69.
Warnings
The company's reported profits differ from official accounting profits by 50%. Check what costs are being left out of the adjusted number.
Dividend-based valuation: $15.69 (below our primary estimate by 67%). Large gaps may signal the dividend doesn't reflect full earning power.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples