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
Excellent balance sheet with reasonable 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MLHR's weekly volatility (5%) has been stable over the past year.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: MLHR exceeded the US Commercial Services industry which returned 50.3% over the past year.
Return vs Market: MLHR exceeded the US Market which returned 50.5% over the past year.
Long-Term 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
2 weeks ago | Simply Wall StAnalysts Are Betting On Herman Miller, Inc. (NASDAQ:MLHR) With A Big Upgrade This Week
1 month ago | Simply Wall StIs Herman Miller (NASDAQ:MLHR) A Risky Investment?
1 month ago | Simply Wall StCan You Imagine How Jubilant Herman Miller's (NASDAQ:MLHR) Shareholders Feel About Its 150% Share Price Gain?
Is Herman Miller undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MLHR ($45.71) is trading above our estimate of fair value ($39.33)
Significantly Below Fair Value: MLHR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MLHR is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.
PE vs Market: MLHR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MLHR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MLHR is overvalued based on its PB Ratio (3.2x) compared to the US Commercial Services industry average (2.7x).
How is Herman Miller forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLHR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MLHR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MLHR's is expected to become profitable in the next 3 years.
Revenue vs Market: MLHR's revenue (5.2% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: MLHR's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MLHR's Return on Equity is forecast to be high in 3 years time (20.4%)
How has Herman Miller performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLHR is currently unprofitable.
Growing Profit Margin: MLHR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MLHR is unprofitable, and losses have increased over the past 5 years at a rate of 14.5% per year.
Accelerating Growth: Unable to compare MLHR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MLHR is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-3.5%).
Return on Equity
High ROE: MLHR has a negative Return on Equity (-0.97%), as it is currently unprofitable.
How is Herman Miller's financial position?
Financial Position Analysis
Short Term Liabilities: MLHR's short term assets ($868.5M) exceed its short term liabilities ($499.9M).
Long Term Liabilities: MLHR's short term assets ($868.5M) exceed its long term liabilities ($645.8M).
Debt to Equity History and Analysis
Debt Level: MLHR's debt to equity ratio (37.6%) is considered satisfactory.
Reducing Debt: MLHR's debt to equity ratio has reduced from 46% to 37.6% over the past 5 years.
Debt Coverage: MLHR's debt is well covered by operating cash flow (84.9%).
Interest Coverage: MLHR is unprofitable, therefore interest payments are not well covered by earnings.
What is Herman Miller current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MLHR's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.25%).
High Dividend: MLHR's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: MLHR's dividend payments have been volatile in the past 10 years.
Growing Dividend: MLHR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: MLHR is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: MLHR's dividends in 3 years are forecast to be well covered by earnings (25.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andi Owen (55 yo)
Ms. Andrea R. Owen, also known as Andi, has been Chief Executive Officer, President and Director of Herman Miller, Inc. since August 22, 2018. Ms. Owen's employment with the Herman Miller, Inc. commenced o...
CEO Compensation Analysis
Compensation vs Market: Andi's total compensation ($USD4.66M) is about average for companies of similar size in the US market ($USD5.35M).
Compensation vs Earnings: Insufficient data to compare Andi's compensation with company performance.
Experienced Management: MLHR's management team is considered experienced (2.3 years average tenure).
Experienced Board: MLHR's board of directors are considered experienced (9.8 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.
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$2.697b
- Shares outstanding: 59.00m
- Website: https://www.hermanmiller.com
Number of Employees
- Herman Miller, Inc.
- 855 East Main Avenue
- PO Box 302
- United States
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||2021/05/15 22:49|
|End of Day Share Price||2021/05/14 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.