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.
Mediocre 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 has not had significant price volatility in 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 9.9% over the past year.
Return vs Market: MLHR underperformed the US Market which returned 18.7% 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 week ago | Simply Wall StWhen Should You Buy Herman Miller, Inc. (NASDAQ:MLHR)?
3 weeks ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Herman Miller, Inc. (NASDAQ:MLHR) Shares?
1 month ago | Simply Wall StEstimating The Fair Value Of Herman Miller, Inc. (NASDAQ:MLHR)
Is Herman Miller 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: MLHR ($24.71) is trading below our estimate of fair value ($25.11)
Significantly Below Fair Value: MLHR is trading below fair value, but not by a significant amount.
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 (2.3x) compared to the US Commercial Services industry average (1.5x).
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 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
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 is expected to decline over the next 3 years (-2.7% per year).
High Growth Revenue: MLHR's revenue is forecast to decline over the next 3 years (-2.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MLHR's Return on Equity is forecast to be low in 3 years time (16.8%).
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, but has reduced losses over the past 5 years at a rate of 4.9% 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 (-6.5%).
Return on Equity
High ROE: MLHR has a negative Return on Equity (-2.08%), as it is currently unprofitable.
How is Herman Miller's financial position?
Financial Position Analysis
Short Term Liabilities: MLHR's short term assets ($917.1M) exceed its short term liabilities ($513.3M).
Long Term Liabilities: MLHR's short term assets ($917.1M) exceed its long term liabilities ($847.2M).
Debt to Equity History and Analysis
Debt Level: MLHR's debt to equity ratio (88.9%) is considered high.
Reducing Debt: MLHR's debt to equity ratio has increased from 64.1% to 88.9% over the past 5 years.
Debt Coverage: MLHR's debt is well covered by operating cash flow (36%).
Interest Coverage: MLHR is unprofitable, therefore interest payments are not well covered by earnings.
What is Herman Miller current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MLHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MLHR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MLHR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MLHR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MLHR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MLHR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andi Owen (55 yo)
Ms. Andrea R. Owen, also known as Andi, has been Chief Executive Officer, President and Director of Herman Miller, Inc. since August 22, 2018. Ms. Owen serves as a Director of Taylor Morrison Home Corporat ...
CEO Compensation Analysis
Compensation vs Market: Andi's total compensation ($USD4.42M) is about average for companies of similar size in the US market ($USD4.55M).
Compensation vs Earnings: Insufficient data to compare Andi's compensation with company performance.
|Chief Financial Officer||5.5yrs||US$1.60m||0.052% |
|President of North America Contract & Global Operations||no data||US$1.64m||0.053% |
|Chief Creative Officer||3.5yrs||US$1.47m||0.065% |
|President of International Contract||3.5yrs||US$1.22m||0.019% |
|Senior Vice President of Global Operations||1.17yrs||no data||no data|
|Chief Technology Officer||no data||no data||0.012% |
|VP of Investor Relations & Treasurer||no data||no data||0.0040% |
|General Counsel||1.5yrs||no data||no data|
|Executive Vice President of Research||15.58yrs||US$929.04k||no data|
|Chief Marketing Officer||0.58yr||no data||no data|
|Chief Human Resources Officer||1.5yrs||no data||no data|
Experienced Management: MLHR's management team is considered experienced (2 years average tenure).
|Independent Director||18.58yrs||US$192.93k||0.020% |
|Independent Director||9.5yrs||US$205.34k||0.029% |
|Independent Non-Executive Chairman||20.58yrs||US$345.85k||0.21% |
|Independent Director||21.58yrs||US$185.00k||0.063% |
|Independent Director||14.92yrs||US$179.00k||0.053% |
|Independent Director||8.58yrs||US$195.00k||0.037% |
|Independent Director||6.58yrs||US$181.00k||0.032% |
|Independent Director||1.58yrs||US$183.00k||0.0097% |
Experienced Board: MLHR's board of directors are considered experienced (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MLHR 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$1.455b
- Shares outstanding: 58.87m
- 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||2020/08/14 11:45|
|End of Day Share Price||2020/08/13 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.