MLKN Stock Overview
MillerKnoll, Inc. manufactures and distributes interior furnishings worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$28.00|
|52 Week High||US$51.25|
|52 Week Low||US$27.03|
|1 Month Change||-14.14%|
|3 Month Change||-28.48%|
|1 Year Change||-39.33%|
|3 Year Change||-25.61%|
|5 Year Change||-11.25%|
|Change since IPO||446.34%|
Recent News & Updates
MillerKnoll (NASDAQ:MLKN) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
MillerKnoll Is A Bargain Despite Short-Term Profitability Issues
MillerKnoll's business is booming despite the slow return to the office, and they are taking more orders than they are delivering sales. Margins have come down however due to commodity inflation, increased labor costs, supply chain issues, and higher transportation costs. MillerKnoll is currently trading at very low multiples of sales and estimated earnings for the coming years.
|MLKN||US Commercial Services||US Market|
Return vs Industry: MLKN underperformed the US Commercial Services industry which returned -5.6% over the past year.
Return vs Market: MLKN underperformed the US Market which returned -12.9% over the past year.
|MLKN Average Weekly Movement||6.4%|
|Commercial Services Industry Average Movement||7.6%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: MLKN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MLKN's weekly volatility (6%) has been stable over the past year.
About the Company
MillerKnoll, Inc. manufactures and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Retail segments. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, Resolve, and OE1 names.
MillerKnoll Fundamentals Summary
|MLKN fundamental statistics|
Is MLKN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MLKN income statement (TTM)|
|Cost of Revenue||US$2.28b|
Last Reported Earnings
Feb 26, 2022
Next Earnings Date
Jun 29, 2022
|Earnings per share (EPS)||-0.59|
|Net Profit Margin||-1.30%|
How did MLKN perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Does MLKN pay a reliable dividends?See MLKN dividend history and benchmarks
|MillerKnoll dividend dates|
|Ex Dividend Date||May 26 2022|
|Dividend Pay Date||Jul 15 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||51 days|
Does MLKN pay a reliable dividends?See MLKN dividend history and benchmarks
Is MillerKnoll undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MLKN ($28) is trading below our estimate of fair value ($109.34)
Significantly Below Fair Value: MLKN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MLKN is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.
PE vs Market: MLKN 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 MLKN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MLKN is good value based on its PB Ratio (1.5x) compared to the US Commercial Services industry average (1.8x).
How is MillerKnoll forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLKN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: MLKN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MLKN's is expected to become profitable in the next 3 years.
Revenue vs Market: MLKN's revenue (7.6% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: MLKN's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MLKN's Return on Equity is forecast to be low in 3 years time (16.9%).
How has MillerKnoll performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLKN is currently unprofitable.
Growing Profit Margin: MLKN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MLKN is unprofitable, and losses have increased over the past 5 years at a rate of 27.2% per year.
Accelerating Growth: Unable to compare MLKN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MLKN is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (30.2%).
Return on Equity
High ROE: MLKN has a negative Return on Equity (-2.45%), as it is currently unprofitable.
How is MillerKnoll's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MLKN's short term assets ($1.3B) exceed its short term liabilities ($833.6M).
Long Term Liabilities: MLKN's short term assets ($1.3B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: MLKN's net debt to equity ratio (76.8%) is considered high.
Reducing Debt: MLKN's debt to equity ratio has increased from 38.6% to 92.9% over the past 5 years.
Debt Coverage: MLKN's debt is not well covered by operating cash flow (1%).
Interest Coverage: MLKN's interest payments on its debt are well covered by EBIT (3.5x coverage).
What is MillerKnoll current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MLKN's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: MLKN's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (4.11%).
Stability and Growth of Payments
Stable Dividend: MLKN's dividend payments have been volatile in the past 10 years.
Growing Dividend: MLKN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: MLKN is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: MLKN is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andi Owen (56 yo)
Ms. Andrea R. Owen, also known as Andi, has been Chief Executive Officer, President and Director of MillerKnoll, Inc. (formerly known as Herman Miller, Inc.) since August 22, 2018. Ms. Owen's employment wi...
CEO Compensation Analysis
Compensation vs Market: Andi's total compensation ($USD6.39M) is about average for companies of similar size in the US market ($USD5.44M).
Compensation vs Earnings: Andi's compensation has increased whilst the company is unprofitable.
Experienced Management: MLKN's management team is considered experienced (3.3 years average tenure).
Experienced Board: MLKN's board of directors are seasoned and experienced ( 10.3 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 been diluted in the past year, with total shares outstanding growing by 28.5%.
MillerKnoll, Inc.'s employee growth, exchange listings and data sources
- Name: MillerKnoll, Inc.
- Ticker: MLKN
- Exchange: NasdaqGS
- Founded: 1905
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Implied Market Cap: US$2.122b
- Shares outstanding: 75.79m
- Website: https://www.millerknoll.com
Number of Employees
- MillerKnoll, Inc.
- 855 East Main Avenue
- PO Box 302
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/23 00:00|
|End of Day Share Price||2022/05/23 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.