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MillerKnoll NasdaqGS:MLKN Stock Report

Last Price


Market Cap







23 May, 2022


Company Financials +
MLKN fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance0/6
Financial Health2/6

MLKN Stock Overview

MillerKnoll, Inc. manufactures and distributes interior furnishings worldwide.

MillerKnoll Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MillerKnoll
Historical stock prices
Current Share PriceUS$28.00
52 Week HighUS$51.25
52 Week LowUS$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 IPO446.34%

Recent News & Updates

May 17
MillerKnoll (NASDAQ:MLKN) Has A Somewhat Strained Balance Sheet

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...

Apr 25

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.

Shareholder Returns

MLKNUS Commercial ServicesUS 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.

Price Volatility

Is MLKN's price volatile compared to industry and market?
MLKN volatility
MLKN Average Weekly Movement6.4%
Commercial Services Industry Average Movement7.6%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

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

19057,600Andi Owen

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

How do MillerKnoll's earnings and revenue compare to its market cap?
MLKN fundamental statistics
Market CapUS$2.12b
Earnings (TTM)-US$44.90m
Revenue (TTM)US$3.47b


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLKN income statement (TTM)
Cost of RevenueUS$2.28b
Gross ProfitUS$1.19b
Other ExpensesUS$1.23b

Last Reported Earnings

Feb 26, 2022

Next Earnings Date

Jun 29, 2022

Earnings per share (EPS)-0.59
Gross Margin34.29%
Net Profit Margin-1.30%
Debt/Equity Ratio92.9%

How did MLKN perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does MLKN pay a reliable dividends?

See MLKN dividend history and benchmarks
When do you need to buy MLKN by to receive an upcoming dividend?
MillerKnoll dividend dates
Ex Dividend DateMay 26 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend1 day
Days until Dividend pay date51 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


Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • 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).

Future Growth

How is MillerKnoll forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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%).

Past Performance

How has MillerKnoll performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


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.

Financial Health

How is MillerKnoll's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).

Balance Sheet


What is MillerKnoll current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayMay 24 2022Ex Dividend DateMay 26 2022Dividend Pay DateJul 15 202250 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

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.

Leadership Team

Experienced Management: MLKN's management team is considered experienced (3.3 years average tenure).

Board Members

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.5%.

Top Shareholders

Company Information

MillerKnoll, Inc.'s employee growth, exchange listings and data sources

Key Information

  • 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:

Number of Employees


  • MillerKnoll, Inc.
  • 855 East Main Avenue
  • PO Box 302
  • Zeeland
  • Michigan
  • 49464-0302
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Annual Earnings2021/05/29

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.