Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services worldwide. More Details
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Excellent balance sheet with moderate growth potential.
Share Price & News
How has Herman Miller's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MLHR's share price has been volatile over the past 3 months.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: MLHR underperformed the US Commercial Services industry which returned 8.7% over the past year.
Return vs Market: MLHR underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is Herman Miller's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Do The Returns On Capital At Herman Miller (NASDAQ:MLHR) Tell Us?
2 months ago | Simply Wall StHave Insiders Been Buying Herman Miller, Inc. (NASDAQ:MLHR) Shares?
2 months ago | Simply Wall StWhen Should You Buy Herman Miller, Inc. (NASDAQ:MLHR)?
Is Herman Miller undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MLHR ($33.84) is trading above our estimate of fair value ($32.83)
Significantly Below Fair Value: MLHR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MLHR is poor value based on its PE Ratio (127x) compared to the US Commercial Services industry average (25.5x).
PE vs Market: MLHR is poor value based on its PE Ratio (127x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: MLHR is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: MLHR is overvalued based on its PB Ratio (2.7x) compared to the US Commercial Services industry average (1.6x).
How is Herman Miller forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLHR's forecast earnings growth (73.4% per year) is above the savings rate (2.2%).
Earnings vs Market: MLHR's earnings (73.4% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MLHR's revenue (3.5% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: MLHR's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MLHR's Return on Equity is forecast to be high in 3 years time
How has Herman Miller performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLHR has a large one-off loss of $192.6M impacting its August 29 2020 financial results.
Growing Profit Margin: MLHR's current net profit margins (0.6%) are lower than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: MLHR's earnings have declined by 1.2% per year over the past 5 years.
Accelerating Growth: MLHR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MLHR had negative earnings growth (-90.9%) over the past year, making it difficult to compare to the Commercial Services industry average (-10.8%).
Return on Equity
High ROE: MLHR's Return on Equity (1.4%) is considered low.
How is Herman Miller's financial position?
Financial Position Analysis
Short Term Liabilities: MLHR's short term assets ($757.5M) exceed its short term liabilities ($477.5M).
Long Term Liabilities: MLHR's short term assets ($757.5M) exceed its long term liabilities ($636.0M).
Debt to Equity History and Analysis
Debt Level: MLHR's debt to equity ratio (43.8%) is considered high.
Reducing Debt: MLHR's debt to equity ratio has reduced from 55.4% to 43.8% over the past 5 years.
Debt Coverage: MLHR's debt is well covered by operating cash flow (80.4%).
Interest Coverage: MLHR's interest payments on its debt are well covered by EBIT (19.9x coverage).
What is Herman Miller current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MLHR's dividend (2.22%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: MLHR's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (4.56%).
Stability and Growth of Payments
Stable Dividend: MLHR's dividend payments have been volatile in the past 10 years.
Growing Dividend: MLHR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (157.6%), MLHR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andi Owen (55 yo)
Ms. Andrea R. Owen, also known as Andi, has been Chief Executive Officer, President and Director of Herman Miller, Inc. since August 22, 2018. Ms. Owen's employment with the Herman Miller, Inc. commenced o ...
CEO Compensation Analysis
Compensation vs Market: Andi's total compensation ($USD4.66M) is about average for companies of similar size in the US market ($USD4.43M).
Compensation vs Earnings: Insufficient data to compare Andi's compensation with company performance.
|Chief Financial Officer||5.67yrs||US$1.55m||0.046% |
|Strategic Advisor for North America Contract & Operations||no data||US$1.67m||0.053% |
|Chief Creative Officer||3.67yrs||US$1.49m||0.065% |
|Chief Strategy Officer||1.67yrs||US$1.41m||0.0021% |
|Chief Manufacturing & Operations Officer||1.33yrs||no data||0.0010% |
|Chief Technology Officer||no data||no data||0.012% |
|VP of Investor Relations & Treasurer||no data||no data||0.0039% |
|General Counsel & Corporate Secretary||1.67yrs||no data||no data|
|Executive Vice President of Research||15.75yrs||US$929.04k||no data|
|Chief Marketing Officer||0.75yr||no data||0.0015% |
|Chief Human Resources Officer||1.67yrs||no data||no data|
Experienced Management: MLHR's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Independent Director||18.75yrs||US$237.28k||0.020% |
|Independent Director||9.67yrs||US$215.00k||0.029% |
|Independent Non-Executive Chairman||20.75yrs||US$300.00k||0.21% |
|Independent Director||21.75yrs||US$210.00k||0.063% |
|Independent Director||0.17yr||no data||0.0051% |
|Independent Director||15.08yrs||US$200.00k||0.054% |
|Independent Director||8.75yrs||US$240.00k||0.037% |
|Independent Director||6.75yrs||US$200.00k||0.032% |
|Independent Director||1.75yrs||US$200.00k||0.0097% |
Experienced Board: MLHR's board of directors are considered experienced (9.2 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.
Herman Miller, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Herman Miller, Inc.
- Ticker: MLHR
- Exchange: NasdaqGS
- Founded: 1905
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$1.993b
- Shares outstanding: 58.90m
- Website: https://www.hermanmiller.com
Number of Employees
- Herman Miller, Inc.
- 855 East Main Avenue
- PO Box 302
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MLHR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 1971|
|MHR||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 1971|
Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and rela ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/26 23:45|
|End of Day Share Price||2020/10/26 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.