- Miller is a franchise business with a 60% total return potential; supported by undervalued metrics, decent net cash on the books, and robust earnings growth.
- Miller has a moat by being the #1 world leader in towing and recovery equipment, with the largest distribution network in its industry.
- This company is a P/E trade: trading at 12.4x on normalized FY22e.
- Miller is trading at a discount to the S&P 500 and S&P Small Cap 600 indices that are trading at high multiples.
- EPS CAGR of 21% and revenue CAGR of 10% over the last 5-year period through 2019.
For further details see:
Miller Industries: Market Leader With 60% Upside, 12.4x P/E Is A Large Discount To The Market