NYSE:KNL

Stock Analysis Report

Executive Summary

Knoll, Inc., together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally.

Snowflake

Fundamentals

Good value with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Knoll's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

NYSE:KNL

-0.4%

US Commercial Services

-1.0%

US Market


1 Year Return

0.8%

NYSE:KNL

5.9%

US Commercial Services

-0.4%

US Market

KNL underperformed the Commercial Services industry which returned 4.9% over the past year.

KNL outperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

KNLIndustryMarket
7 Day-2.0%-0.4%-1.0%
30 Day-0.5%-1.3%-3.3%
90 Day10.7%3.6%0.4%
1 Year3.9%0.8%9.9%5.9%1.8%-0.4%
3 Year-2.3%-10.2%64.2%53.2%39.4%30.4%
5 Year40.9%23.2%96.4%76.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Knoll's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Knoll undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Knoll's share price is below the future cash flow value, and at a moderate discount (> 20%).

Knoll's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Knoll is good value based on earnings compared to the US Commercial Services industry average.

Knoll is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Knoll is poor value based on expected growth next year.


Price Based on Value of Assets

Knoll is overvalued based on assets compared to the US Commercial Services industry average.


Next Steps

Future Growth

How is Knoll expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Knoll's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).

Knoll's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).

Knoll's revenue growth is positive but not above the United States of America market average.

Knoll's earnings growth is positive but not above the United States of America market average.

Knoll's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Knoll will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Knoll performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Knoll's year on year earnings growth rate has been positive over the past 5 years.

Knoll's 1-year earnings growth is less than its 5-year average (5.3% vs 12.1%)

Knoll's earnings growth has exceeded the US Commercial Services industry average in the past year (5.3% vs -2.4%).


Return on Equity

Whilst Knoll has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

Knoll used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

Knoll's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Knoll's financial position?


Financial Position Analysis

Knoll is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Knoll's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Knoll's level of debt (111.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (113.8% vs 111.4% today).

Debt is well covered by operating cash flow (28.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

What is Knoll's current dividend yield, its reliability and sustainability?

3.15%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Knoll before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Knoll's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Knoll's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

What is the CEO of Knoll's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Andrew Cogan (56yo)

18.3yrs

Tenure

US$4,496,563

Compensation

Mr. Andrew B. Cogan has been the Chief Executive Officer of Knoll, Inc. since April 2001 and as its Acting President since April 10, 2015 until April 2019. Mr. Cogan has been the Chairman of Knoll, Inc. si ...


CEO Compensation Analysis

Andrew's remuneration is higher than average for companies of similar size in United States of America.

Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.0yrs

Average Tenure

54yo

Average Age

The tenure for the Knoll management team is about average.


Board Age and Tenure

5.4yrs

Average Tenure

62yo

Average Age

The tenure for the Knoll board of directors is about average.


Insider Trading

Knoll individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$232,75909 Aug 19
Andrew Cogan
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares10,000
Max PriceUS$23.28
SellUS$247,75931 Jul 19
David Schutte
EntityIndividual
Role
Executive Vice President of Lifestyle
Shares10,000
Max PriceUS$24.84
SellUS$107,62631 Jul 19
Andrew Cogan
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares4,305
Max PriceUS$25.00
SellUS$58,42023 May 19
Andrew Cogan
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares2,774
Max PriceUS$21.06
SellUS$216,22920 May 19
Andrew Cogan
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares10,226
Max PriceUS$21.15
SellUS$75,62507 May 19
David Schutte
EntityIndividual
Role
Executive Vice President of Lifestyle
Shares3,500
Max PriceUS$21.61
BuyUS$30,01705 Nov 18
John Maypole
EntityIndividual
Role
Member of the Board of Directors
Shares1,500
Max PriceUS$20.02
SellUS$20,00005 Nov 18
Benjamin Pardo
EntityIndividual
Role
Executive VP & Director of Design
Shares1,000
Max PriceUS$20.00
SellUS$468,64004 Sep 18
Kathleen Bradley
EntityIndividual
Shares20,000
Max PriceUS$23.53
SellUS$115,54827 Aug 18
David Schutte
EntityIndividual
Role
Executive Vice President of Lifestyle
Shares5,000
Max PriceUS$23.14
SellUS$42,02122 Aug 18
Roxanne Klein
EntityIndividual
Role
Senior Vice President of Human Resources
Shares1,835
Max PriceUS$22.90

Ownership Breakdown


Management Team

  • David Schutte (54yo)

    Executive Vice President of Lifestyle

    • Tenure: 12.6yrs
    • Compensation: $1.00m
  • Roxanne Klein (42yo)

    Senior Vice President of Human Resources

    • Tenure: 3.8yrs
  • David Bright

    Senior Vice President of Communications

  • Chris Baldwin

    COO & President of Knoll Office

    • Tenure: 0.8yrs
  • Scott Cameron (56yo)

    Senior Vice President of Operations

    • Tenure: 2.1yrs
  • Andrew Cogan (56yo)

    Chairman & CEO

    • Tenure: 18.3yrs
    • Compensation: $4.50m
  • Usman Waheed

    Chief Information & Technology Officer

  • Benjamin Pardo (57yo)

    Executive VP & Director of Design

    • Tenure: 13.9yrs
    • Compensation: $916.44k
  • Charles Rayfield (39yo)

    Senior VP & CFO

    • Tenure: 2.2yrs
    • Compensation: $902.44k
  • Michael Pollner (46yo)

    Senior VP

    • Tenure: 1.6yrs
    • Compensation: $824.44k

Board Members

  • John Maypole (79yo)

    Independent Director

    • Tenure: 14.7yrs
    • Compensation: $155.00k
  • Steve Fisher (66yo)

    Independent Director

    • Tenure: 13.7yrs
    • Compensation: $140.00k
  • Stephanie Stahl (52yo)

    Independent Director

    • Tenure: 6.0yrs
    • Compensation: $140.00k
  • Jeffrey Harris (63yo)

    Lead Independent Director

    • Compensation: $155.00k
  • Chris Kennedy (55yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: $140.00k
  • Andrew Cogan (56yo)

    Chairman & CEO

    • Tenure: 1.3yrs
    • Compensation: $4.50m
  • Dan Dienst (54yo)

    Independent Director

    • Tenure: 2.0yrs
    • Compensation: $140.00k
  • Ron Kass (62yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: $76.06k
  • Sarah Nash (65yo)

    Independent Director

    • Tenure: 12.9yrs
    • Compensation: $140.00k

Company Information

Knoll, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Knoll, Inc.
  • Ticker: KNL
  • Exchange: NYSE
  • Founded: 1938
  • Industry: office services and supplies
  • Sector: commercial services
  • Market Cap: US$1.123b
  • Shares outstanding: 48.88m
  • Website: Click here

Number of Employees


Location

  • Knoll, Inc.
  • 1235 Water Street
  • East Greenville
  • Pennsylvania
  • 18041
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KNLNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 2004
KK6DB (Deutsche Boerse AG)YesCommon StockDEEURDec 2004

Biography

Knoll, Inc., together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the Unit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company AnalysisN/A
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.