NYSE:MLI

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Executive Summary

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. More Details


Snowflake Analysis

Undervalued with solid track record.


Similar Companies

Share Price & News

How has Mueller Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MLI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MLI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.1%

MLI

2.2%

US Machinery

-0.4%

US Market


1 Year Return

52.4%

MLI

57.1%

US Machinery

36.2%

US Market

Return vs Industry: MLI underperformed the US Machinery industry which returned 57.1% over the past year.

Return vs Market: MLI exceeded the US Market which returned 36.2% over the past year.


Shareholder returns

MLIIndustryMarket
7 Day2.1%2.2%-0.4%
30 Day14.6%7.0%-2.3%
90 Day22.6%14.0%5.0%
1 Year54.7%52.4%60.9%57.1%39.1%36.2%
3 Year56.6%49.9%45.5%35.1%48.4%39.0%
5 Year71.1%48.1%157.7%131.3%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Mueller Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mueller Industries undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MLI ($41.49) is trading below our estimate of fair value ($94.03)

Significantly Below Fair Value: MLI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MLI is good value based on its PE Ratio (16.6x) compared to the US Machinery industry average (34.4x).

PE vs Market: MLI is good value based on its PE Ratio (16.6x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MLI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MLI is good value based on its PB Ratio (3x) compared to the US Machinery industry average (3.2x).


Next Steps

Future Growth

How is Mueller Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-38.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MLI's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if MLI's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MLI's revenue is expected to decline over the next 3 years (-38.9% per year).

High Growth Revenue: MLI's revenue is forecast to decline over the next 3 years (-38.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MLI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Mueller Industries performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLI has high quality earnings.

Growing Profit Margin: MLI's current net profit margins (5.8%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: MLI's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: MLI's earnings growth over the past year (38.2%) exceeds its 5-year average (6.4% per year).

Earnings vs Industry: MLI earnings growth over the past year (38.2%) exceeded the Machinery industry -12.2%.


Return on Equity

High ROE: MLI's Return on Equity (17.9%) is considered low.


Next Steps

Financial Health

How is Mueller Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MLI's short term assets ($825.4M) exceed its short term liabilities ($339.6M).

Long Term Liabilities: MLI's short term assets ($825.4M) exceed its long term liabilities ($387.9M).


Debt to Equity History and Analysis

Debt Level: MLI's debt to equity ratio (40.9%) is considered high.

Reducing Debt: MLI's debt to equity ratio has increased from 25.3% to 40.9% over the past 5 years.

Debt Coverage: MLI's debt is well covered by operating cash flow (74.7%).

Interest Coverage: MLI's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Mueller Industries's current dividend yield, its reliability and sustainability?

1.25%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: MLI's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: MLI's dividend (1.25%) is low compared to the top 25% of dividend payers in the US market (3.64%).


Stability and Growth of Payments

Stable Dividend: MLI's dividends per share have been stable in the past 10 years.

Growing Dividend: MLI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16%), MLI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Greg Christopher (58 yo)

12.42yrs

Tenure

US$8,064,706

Compensation

Mr. Gregory L. Christopher, also known as Greg, has been the Chairman and Chief Executive Officer of Mueller Industries Inc. since January 1, 2016 and October 30, 2008 respectively. Mr. Christopher served ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD8.06M) is above average for companies of similar size in the US market ($USD3.62M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Christopher
Chairman of the Board & CEO12.42yrsUS$8.06m1.21%
$ 28.6m
Jeffrey Martin
CFO & Treasurer8.42yrsUS$1.54m0.29%
$ 6.9m
Nicholas Moss
President of New Business Development1.17yrsUS$1.71mno data
Steffen Sigloch
Chief Manufacturing Officer3.83yrsUS$1.54m0.28%
$ 6.6m
Gary Westermeyer
President of Refrigeration3.83yrsUS$808.42k0.095%
$ 2.3m
Kristee Ford
Chief Information Officer2.83yrsno datano data
Christopher Miritello
VP, General Counsel & Corporate Secretary4.17yrsno data0.047%
$ 1.1m
Brian Barksdale
Vice President of Marketing7.33yrsno datano data
Daniel Corbin
Senior Vice President of Manufacturing3.83yrsno datano data
Nadiem Umar
President of International Division5.17yrsno datano data
Christopher Mitchell
President of Brass & Aluminum1.17yrsno datano data
Anthony Steinriede
VP & Corporate Controller5.92yrsno data0.031%
$ 744.6k

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: MLI's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Christopher
Chairman of the Board & CEO12.42yrsUS$8.06m1.21%
$ 28.6m
Gary Gladstein
Independent Director20.67yrsUS$216.11k0.20%
$ 4.8m
Harvey Karp
Chairman Emeritus9.17yrsUS$6.09mno data
Gennaro Fulvio
Independent Director18.83yrsUS$183.11k0.051%
$ 1.2m
Terry Hermanson
Lead Independent Director2.17yrsUS$205.11k0.058%
$ 1.4m
Scott Goldman
Independent Director13.17yrsUS$180.11k0.027%
$ 630.6k
John Hansen
Independent Director6.58yrsUS$191.11k0.10%
$ 2.5m
Charles Herzog
Independent Director3.67yrsUS$186.11k0.026%
$ 623.2k
Elizabeth Donovan
Independent Director2.17yrsUS$183.95k0.0088%
$ 207.4k

6.6yrs

Average Tenure

68yo

Average Age

Experienced Board: MLI's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MLI insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mueller Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mueller Industries, Inc.
  • Ticker: MLI
  • Exchange: NYSE
  • Founded: 1917
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$2.370b
  • Shares outstanding: 57.12m
  • Website: https://www.muellerindustries.com

Number of Employees


Location

  • Mueller Industries, Inc.
  • 150 Schilling Boulevard
  • Suite 100
  • Collierville
  • Tennessee
  • 38017
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLINYSE (New York Stock Exchange)YesCommon SharesUSUSDMar 1964
MUDDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1964

Biography

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. The company’...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 00:08
End of Day Share Price2021/03/05 00:00
Earnings2020/12/26
Annual Earnings2020/12/26


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.