Herman Miller, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide.
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 matched the US Commercial Services industry which returned 26.5% over the past year.
Return vs Market: MLHR underperformed the US Market which returned 33.8% 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
5 days ago | Simply Wall StCould The Herman Miller, Inc. (NASDAQ:MLHR) Ownership Structure Tell Us Something Useful?
4 weeks ago | Simply Wall StShould You Buy Herman Miller, Inc. (NASDAQ:MLHR) For Its Upcoming Dividend?
Herman Miller Fundamentals Summary
|MLHR fundamental statistics|
Is MLHR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MLHR income statement (TTM)|
|Cost of Revenue||US$1.52b|
Last Reported Earnings
May 29, 2021
Next Earnings Date
Sep 29, 2021
|Earnings per share (EPS)||2.94|
|Net Profit Margin||7.02%|
How did MLHR perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
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 ($40.09) is trading below our estimate of fair value ($133.63)
Significantly Below Fair Value: MLHR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MLHR is good value based on its PE Ratio (17.5x) compared to the US Commercial Services industry average (32.2x).
PE vs Market: MLHR is good value based on its PE Ratio (17.5x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: MLHR is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MLHR is overvalued based on its PB Ratio (3.6x) 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 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLHR's forecast earnings growth (26.7% per year) is above the savings rate (2%).
Earnings vs Market: MLHR's earnings (26.7% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MLHR's revenue (26.2% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: MLHR's revenue (26.2% per year) is forecast to grow faster than 20% 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 (16.1%).
How has Herman Miller performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLHR has high quality earnings.
Growing Profit Margin: MLHR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MLHR's earnings have declined by 11.7% per year over the past 5 years.
Accelerating Growth: MLHR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MLHR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (30.4%).
Return on Equity
High ROE: MLHR's Return on Equity (19.3%) is considered low.
How is Herman Miller's financial position?
Financial Position Analysis
Short Term Liabilities: MLHR's short term assets ($891.5M) exceed its short term liabilities ($500.8M).
Long Term Liabilities: MLHR's short term assets ($891.5M) exceed its long term liabilities ($634.5M).
Debt to Equity History and Analysis
Debt Level: MLHR's debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: MLHR's debt to equity ratio has reduced from 40.2% to 31.5% over the past 5 years.
Debt Coverage: MLHR's debt is well covered by operating cash flow (114%).
Interest Coverage: MLHR's interest payments on its debt are well covered by EBIT (20.2x coverage).
What is Herman Miller current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MLHR's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: MLHR's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: MLHR's dividend payments have been volatile in the past 10 years.
Growing Dividend: MLHR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.2%), MLHR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MLHR's dividends in 3 years are forecast to be well covered by earnings (23.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andi Owen (56 yo)
Ms. Andrea R. Owen, also known as Andi, has been Chief Executive Officer, President and Director of Herman Miller, Inc. since August 22, 2018. Ms. Owen's employment with the Herman Miller, Inc. commenced o...
CEO Compensation Analysis
Compensation vs Market: Andi's total compensation ($USD4.66M) is about average for companies of similar size in the US market ($USD5.27M).
Compensation vs Earnings: Insufficient data to compare Andi's compensation with company performance.
Experienced Management: MLHR's management team is considered experienced (3.1 years average tenure).
Experienced Board: MLHR's board of directors are considered experienced (9.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MLHR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.7%.
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$3.139b
- Shares outstanding: 75.75m
- Website: https://www.hermanmiller.com
Number of Employees
- Herman Miller, Inc.
- 855 East Main Avenue
- PO Box 302
- United States
Herman Miller, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Retail segments. The company o...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 22:26|
|End of Day Share Price||2021/09/20 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.