MILLERKNOLL INC (MLKN) Stock Fundamental Analysis
USA - NASDAQ:MLKN - US6005441000 - Common Stock
14.1 USD
-0.18 (-1.26%)
14.1 USD
0 (0%)
MLKN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 82 industry peers in the Commercial Services & Supplies industry. MLKN has a medium profitability rating, but doesn't score so well on its financial health evaluation. MLKN may be a bit undervalued, certainly considering the very reasonable score on growth MLKN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MLKN had positive earnings in the past year.
In the past year MLKN had a positive cash flow from operations.
In multiple years MLKN reported negative net income over the last 5 years.
MLKN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MLKN has a Return On Assets of -0.39%. This is comparable to the rest of the industry: MLKN outperforms 40.24% of its industry peers.
Looking at the Return On Equity, with a value of -1.19%, MLKN is in line with its industry, outperforming 43.90% of the companies in the same industry.
MLKN has a Return On Invested Capital (6.07%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MLKN is significantly below the industry average of 10.51%.
The 3 year average ROIC (5.11%) for MLKN is below the current ROIC(6.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.39% | ||
| ROE | -1.19% | ||
| ROIC | 6.07% |
ROA(3y)0.7%
ROA(5y)1.96%
ROE(3y)2%
ROE(5y)4.84%
ROIC(3y)5.11%
ROIC(5y)5.74%
1.3 Margins
MLKN has a Operating Margin of 6.22%. This is comparable to the rest of the industry: MLKN outperforms 56.10% of its industry peers.
In the last couple of years the Operating Margin of MLKN has declined.
MLKN's Gross Margin of 38.64% is fine compared to the rest of the industry. MLKN outperforms 64.63% of its industry peers.
In the last couple of years the Gross Margin of MLKN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.22% | ||
| PM (TTM) | N/A | ||
| GM | 38.64% |
OM growth 3Y74.09%
OM growth 5Y-7.31%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.18%
GM growth 5Y1.14%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MLKN is destroying value.
The number of shares outstanding for MLKN has been reduced compared to 1 year ago.
Compared to 5 years ago, MLKN has more shares outstanding
MLKN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.74, we must say that MLKN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.74, MLKN is in line with its industry, outperforming 47.56% of the companies in the same industry.
MLKN has a debt to FCF ratio of 16.41. This is a negative value and a sign of low solvency as MLKN would need 16.41 years to pay back of all of its debts.
MLKN has a Debt to FCF ratio of 16.41. This is comparable to the rest of the industry: MLKN outperforms 48.78% of its industry peers.
A Debt/Equity ratio of 1.02 is on the high side and indicates that MLKN has dependencies on debt financing.
MLKN's Debt to Equity ratio of 1.02 is on the low side compared to the rest of the industry. MLKN is outperformed by 67.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 16.41 | ||
| Altman-Z | 1.74 |
ROIC/WACC0.78
WACC7.79%
2.3 Liquidity
MLKN has a Current Ratio of 1.67. This is a normal value and indicates that MLKN is financially healthy and should not expect problems in meeting its short term obligations.
MLKN's Current ratio of 1.67 is fine compared to the rest of the industry. MLKN outperforms 62.20% of its industry peers.
A Quick Ratio of 0.96 indicates that MLKN may have some problems paying its short term obligations.
With a Quick ratio value of 0.96, MLKN is not doing good in the industry: 67.07% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
The earnings per share for MLKN have decreased by -1.45% in the last year.
Measured over the past years, MLKN shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.37% on average per year.
The Revenue has been growing slightly by 5.37% in the past year.
The Revenue has been growing by 8.10% on average over the past years. This is quite good.
EPS 1Y (TTM)-1.45%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%25%
Revenue 1Y (TTM)5.37%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%10.93%
3.2 Future
Based on estimates for the next years, MLKN will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.57% on average per year.
Based on estimates for the next years, MLKN will show a small growth in Revenue. The Revenue will grow by 4.33% on average per year.
EPS Next Y-4.45%
EPS Next 2Y8.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.71%
Revenue Next 2Y4.33%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 6.91 indicates a rather cheap valuation of MLKN.
Based on the Price/Earnings ratio, MLKN is valued cheaply inside the industry as 92.68% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MLKN to the average of the S&P500 Index (26.28), we can say MLKN is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.13, the valuation of MLKN can be described as very cheap.
MLKN's Price/Forward Earnings ratio is rather cheap when compared to the industry. MLKN is cheaper than 92.68% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MLKN to the average of the S&P500 Index (33.61), we can say MLKN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.91 | ||
| Fwd PE | 6.13 |
4.2 Price Multiples
91.46% of the companies in the same industry are more expensive than MLKN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MLKN indicates a rather cheap valuation: MLKN is cheaper than 80.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.79 | ||
| EV/EBITDA | 5.71 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.57%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MLKN has a Yearly Dividend Yield of 5.16%, which is a nice return.
The stock price of MLKN dropped by -33.62% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
MLKN's Dividend Yield is rather good when compared to the industry average which is at 2.54. MLKN pays more dividend than 92.68% of the companies in the same industry.
MLKN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.16% |
5.2 History
The dividend of MLKN has a limited annual growth rate of 3.87%.
MLKN has paid a dividend for at least 10 years, which is a reliable track record.
MLKN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.87%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
MLKN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of MLKN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-330.32%
EPS Next 2Y8.57%
EPS Next 3YN/A
14.1
-0.18 (-1.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners97.67%
Inst Owner ChangeN/A
Ins Owners1.28%
Ins Owner Change23.82%
Market Cap965.99M
Revenue(TTM)3.76B
Net Income(TTM)-15.50M
Analysts43.33
Price Target35.7 (153.19%)
Short Float %2.9%
Short Ratio3.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.16% |
Yearly Dividend0.75
Dividend Growth(5Y)3.87%
DP-330.32%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.6%
Min EPS beat(2)28.5%
Max EPS beat(2)34.71%
EPS beat(4)3
Avg EPS beat(4)15.75%
Min EPS beat(4)-1.96%
Max EPS beat(4)34.71%
EPS beat(8)6
Avg EPS beat(8)10.11%
EPS beat(12)10
Avg EPS beat(12)15.93%
EPS beat(16)13
Avg EPS beat(16)14.64%
Revenue beat(2)2
Avg Revenue beat(2)3.03%
Min Revenue beat(2)2.85%
Max Revenue beat(2)3.2%
Revenue beat(4)2
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)3.2%
Revenue beat(8)2
Avg Revenue beat(8)-2.44%
Revenue beat(12)4
Avg Revenue beat(12)-1.91%
Revenue beat(16)4
Avg Revenue beat(16)-2.06%
PT rev (1m)0%
PT rev (3m)-7.89%
EPS NQ rev (1m)-3.17%
EPS NQ rev (3m)-1.61%
EPS NY rev (1m)2.05%
EPS NY rev (3m)2.05%
Revenue NQ rev (1m)-2.01%
Revenue NQ rev (3m)-1.82%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.91 | ||
| Fwd PE | 6.13 | ||
| P/S | 0.26 | ||
| P/FCF | 11.79 | ||
| P/OCF | 4.89 | ||
| P/B | 0.74 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.71 |
EPS(TTM)2.04
EY14.47%
EPS(NY)2.3
Fwd EY16.3%
FCF(TTM)1.2
FCFY8.48%
OCF(TTM)2.88
OCFY20.46%
SpS54.94
BVpS18.97
TBVpS-7.86
PEG (NY)N/A
PEG (5Y)N/A
Graham Number29.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.39% | ||
| ROE | -1.19% | ||
| ROCE | 7.12% | ||
| ROIC | 6.07% | ||
| ROICexc | 6.39% | ||
| ROICexgc | 15.55% | ||
| OM | 6.22% | ||
| PM (TTM) | N/A | ||
| GM | 38.64% | ||
| FCFM | 2.18% |
ROA(3y)0.7%
ROA(5y)1.96%
ROE(3y)2%
ROE(5y)4.84%
ROIC(3y)5.11%
ROIC(5y)5.74%
ROICexc(3y)5.46%
ROICexc(5y)6.8%
ROICexgc(3y)14.1%
ROICexgc(5y)15.3%
ROCE(3y)5.99%
ROCE(5y)6.73%
ROICexgc growth 3Y74.29%
ROICexgc growth 5Y-13.91%
ROICexc growth 3Y76.25%
ROICexc growth 5Y-17.97%
OM growth 3Y74.09%
OM growth 5Y-7.31%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.18%
GM growth 5Y1.14%
F-Score5
Asset Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 16.41 | ||
| Debt/EBITDA | 3.54 | ||
| Cap/Depr | 81.88% | ||
| Cap/Sales | 3.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 52.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.67 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 1.74 |
F-Score5
WACC7.79%
ROIC/WACC0.78
Cap/Depr(3y)60.28%
Cap/Depr(5y)59.82%
Cap/Sales(3y)2.38%
Cap/Sales(5y)2.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.45%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%25%
EPS Next Y-4.45%
EPS Next 2Y8.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.37%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%10.93%
Revenue Next Year4.71%
Revenue Next 2Y4.33%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y26.88%
EBIT growth 3Y69.93%
EBIT growth 5Y0.2%
EBIT Next Year57.11%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-69.97%
FCF growth 3YN/A
FCF growth 5Y-7.82%
OCF growth 1Y-44.9%
OCF growth 3YN/A
OCF growth 5Y-1.15%
MILLERKNOLL INC / MLKN FAQ
What is the fundamental rating for MLKN stock?
ChartMill assigns a fundamental rating of 4 / 10 to MLKN.
What is the valuation status for MLKN stock?
ChartMill assigns a valuation rating of 7 / 10 to MILLERKNOLL INC (MLKN). This can be considered as Undervalued.
Can you provide the profitability details for MILLERKNOLL INC?
MILLERKNOLL INC (MLKN) has a profitability rating of 4 / 10.
What are the PE and PB ratios of MILLERKNOLL INC (MLKN) stock?
The Price/Earnings (PE) ratio for MILLERKNOLL INC (MLKN) is 6.91 and the Price/Book (PB) ratio is 0.74.
What is the earnings growth outlook for MILLERKNOLL INC?
The Earnings per Share (EPS) of MILLERKNOLL INC (MLKN) is expected to decline by -4.45% in the next year.