Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico.
Good value with adequate balance sheet.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MLI underperformed the US Machinery industry which returned 2.5% over the past year.
Return vs Market: MLI underperformed the US Market which returned 10.2% over the past year.
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
2 days ago | Simply Wall StIs Mueller Industries, Inc.'s (NYSE:MLI) CEO Pay Justified?
2 weeks ago | Simply Wall StDoes Mueller Industries, Inc. (NYSE:MLI) Have A Good P/E Ratio?
3 weeks ago | Simply Wall StDid Mueller Industries, Inc. (NYSE:MLI) Insiders Sell Shares?
Is Mueller Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MLI ($30.45) is trading below our estimate of fair value ($65.84)
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 (16.8x) compared to the Machinery industry average (20.4x).
PE vs Market: MLI is good value based on its PE Ratio (16.8x) compared to the US market (17.1x).
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 overvalued based on its PB Ratio (2.6x) compared to the US Machinery industry average (2.1x).
How is Mueller Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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 (1.7%).
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 (-1.1% per year).
High Growth Revenue: MLI's revenue is forecast to decline over the next 3 years (-1.1% 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
How has Mueller Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLI has high quality earnings.
Growing Profit Margin: MLI's current net profit margins (4.2%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: MLI's earnings have declined by -0.4% per year over the past 5 years.
Accelerating Growth: MLI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MLI had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the Machinery industry average (2.1%).
Return on Equity
High ROE: MLI's Return on Equity (16%) is considered low.
Return on Assets
Return on Capital Employed
How is Mueller Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MLI's short term assets ($693.8M) exceed its short term liabilities ($234.3M).
Long Term Liabilities: MLI's short term assets ($693.8M) exceed its long term liabilities ($474.5M).
Debt to Equity History and Analysis
Debt Level: MLI's debt to equity ratio (58.3%) is considered high.
Reducing Debt: MLI's debt to equity ratio has increased from 30.5% to 58.3% over the past 5 years.
Debt Coverage: MLI's debt is well covered by operating cash flow (51.9%).
Interest Coverage: MLI's interest payments on its debt are well covered by EBIT (7.4x coverage).
Inventory Level: MLI has a high level of physical assets or inventory.
Debt Coverage by Assets: MLI's debt is covered by short term assets (assets are 1.8x debt).
What is Mueller Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MLI's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: MLI's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: MLI's dividends per share have been stable in the past 10 years.
Growing Dividend: MLI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.1%), MLI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Christopher (57yo)
Mr. Gregory L. Christopher, also known as Greg, has been the Chairman and Chief Executive Officer of Mueller Industries Inc. since January 1, 2016 and October 30, 2008 respectively. Mr. Christopher served ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD7.35M) is above average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Greg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman of the Board & CEO||11.3yrs||US$7.35m||1.21% $20.9m|
|CFO & Treasurer||7yrs||US$1.43m||0.26% $4.5m|
|Chief Manufacturing Officer||2.8yrs||US$1.75m||0.30% $5.2m|
|President of BK Products||4.8yrs||US$1.61m||0.38% $6.7m|
|Executive Director of European Operations||9.8yrs||US$948.92k||no data|
|Chief Information Officer||1.8yrs||no data||0.019% $325.7k|
|VP, General Counsel & Secretary||3.1yrs||no data||0.038% $651.7k|
|Vice President of Marketing||6.3yrs||no data||0.079% $1.4m|
|Senior Vice President of Manufacturing||2.8yrs||no data||0.10% $1.7m|
|President of Refrigeration||2.8yrs||no data||0.068% $1.2m|
Experienced Management: MLI's management team is considered experienced (3.9 years average tenure).
|Chairman of the Board & CEO||11.3yrs||US$7.35m||1.21% $20.9m|
|Independent Director||19.6yrs||US$211.72k||0.20% $3.4m|
|Chairman Emeritus||8.1yrs||US$6.09m||no data|
|Independent Director||17.8yrs||US$166.72k||0.048% $828.2k|
|Lead Independent Director||1.1yrs||US$174.72k||0.055% $947.7k|
|Independent Director||12.5yrs||US$156.72k||0.026% $459.0k|
|Independent Director||12.1yrs||US$164.72k||0.023% $404.9k|
|Independent Director||5.5yrs||US$166.72k||0.10% $1.8m|
|Independent Director||2.6yrs||US$160.12k||0.023% $396.6k|
|Independent Director||1.1yrs||no data||0.0053% $91.4k|
Experienced Board: MLI's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mueller Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Mueller Industries, Inc.
- Ticker: MLI
- Exchange: NYSE
- Founded: 1900
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$1.734b
- Shares outstanding: 56.95m
- Website: https://www.muellerindustries.com
Number of Employees
- Mueller Industries, Inc.
- 150 Schilling Boulevard
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MLI||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Mar 1964|
|MUD||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 1964|
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, and line sets for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems. It also manufactures steel pipe nipples; and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products. This segment sells its products primarily to plumbing, refrigeration, and air-conditioning wholesalers; and hardware wholesalers and co-ops, building product retailers, and air-conditioning original equipment manufacturers (OEMs). The company’s Industrial Metals segment manufactures and sells brass, bronze, and copper alloy rods; cold-formed aluminum and copper products for automotive, military ordnance, aerospace, and general manufacturing industries; brass and aluminum forgings for automotive components, brass fittings, industrial machinery, valve bodies, gear blanks, and computer hardware; and brass, aluminum, and stainless steel valves, as well as fluid control systems and gas train assembles for compressed gas, pharmaceutical, construction, and gas appliance markets. Its Climate segment offers valves, protection devices, and brass fittings, as well as tubular assemblies and fabrications for various OEMs in the commercial heating, ventilation, and air-conditioning (HVAC) and refrigeration markets; components and accessories for the air-conditioning and refrigeration markets; and coaxial heat exchangers and twisted tubes for HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets. The company was founded in 1900 and is headquartered in Collierville, Tennessee.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 23:57|
|End of Day Share Price||2020/02/26 00:00|
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.