MILLERKNOLL INC (MLKN) Fundamental Analysis & Valuation

NASDAQ:MLKN • US6005441000

19.775 USD
-0.12 (-0.63%)
Last: Mar 4, 2026, 10:19 AM
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This MLKN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to MLKN. MLKN was compared to 81 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of MLKN while its profitability can be described as average. MLKN has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. MLKN Profitability Analysis

1.1 Basic Checks

  • In the past year MLKN was profitable.
  • MLKN had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: MLKN reported negative net income in multiple years.
  • MLKN had a positive operating cash flow in 4 of the past 5 years.
MLKN Yearly Net Income VS EBIT VS OCF VS FCFMLKN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • With a Return On Assets value of -0.64%, MLKN perfoms like the industry average, outperforming 45.68% of the companies in the same industry.
  • The Return On Equity of MLKN (-1.95%) is comparable to the rest of the industry.
  • MLKN has a better Return On Invested Capital (5.77%) than 62.96% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MLKN is significantly below the industry average of 10.68%.
  • The last Return On Invested Capital (5.77%) for MLKN is above the 3 year average (5.11%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.64%
ROE -1.95%
ROIC 5.77%
ROA(3y)0.7%
ROA(5y)1.96%
ROE(3y)2%
ROE(5y)4.84%
ROIC(3y)5.11%
ROIC(5y)5.74%
MLKN Yearly ROA, ROE, ROICMLKN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20 25

1.3 Margins

  • MLKN's Operating Margin of 5.91% is in line compared to the rest of the industry. MLKN outperforms 55.56% of its industry peers.
  • In the last couple of years the Operating Margin of MLKN has declined.
  • Looking at the Gross Margin, with a value of 38.67%, MLKN is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MLKN has remained more or less at the same level.
Industry RankSector Rank
OM 5.91%
PM (TTM) N/A
GM 38.67%
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%
MLKN Yearly Profit, Operating, Gross MarginsMLKN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. MLKN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
  • The debt/assets ratio for MLKN is higher compared to a year ago.
MLKN Yearly Shares OutstandingMLKN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MLKN Yearly Total Debt VS Total AssetsMLKN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 1.82 indicates that MLKN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • MLKN has a Altman-Z score (1.82) which is comparable to the rest of the industry.
  • MLKN has a debt to FCF ratio of 16.18. This is a negative value and a sign of low solvency as MLKN would need 16.18 years to pay back of all of its debts.
  • MLKN has a Debt to FCF ratio (16.18) which is comparable to the rest of the industry.
  • MLKN has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
  • MLKN has a worse Debt to Equity ratio (1.02) than 64.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 16.18
Altman-Z 1.82
ROIC/WACC0.71
WACC8.17%
MLKN Yearly LT Debt VS Equity VS FCFMLKN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.67 indicates that MLKN should not have too much problems paying its short term obligations.
  • MLKN has a better Current ratio (1.67) than 60.49% of its industry peers.
  • A Quick Ratio of 0.95 indicates that MLKN may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.95, MLKN is not doing good in the industry: 69.14% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.67
Quick Ratio 0.95
MLKN Yearly Current Assets VS Current LiabilitesMLKN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MLKN Growth Analysis

3.1 Past

  • The earnings per share for MLKN have decreased by -5.42% 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.
  • Looking at the last year, MLKN shows a small growth in Revenue. The Revenue has grown by 4.34% in the last year.
  • The Revenue has been growing by 8.10% on average over the past years. This is quite good.
EPS 1Y (TTM)-5.42%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%-21.82%
Revenue 1Y (TTM)4.34%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%-1.57%

3.2 Future

  • MLKN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.16% yearly.
  • MLKN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.49% yearly.
EPS Next Y-0.62%
EPS Next 2Y8.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.2%
Revenue Next 2Y5.49%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MLKN Yearly Revenue VS EstimatesMLKN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B
MLKN Yearly EPS VS EstimatesMLKN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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Find the best growth stocksShow best growing peers

6

4. MLKN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.30, which indicates a very decent valuation of MLKN.
  • MLKN's Price/Earnings ratio is rather cheap when compared to the industry. MLKN is cheaper than 88.89% of the companies in the same industry.
  • MLKN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.83.
  • The Price/Forward Earnings ratio is 8.67, which indicates a very decent valuation of MLKN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MLKN indicates a rather cheap valuation: MLKN is cheaper than 91.36% of the companies listed in the same industry.
  • MLKN is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.3
Fwd PE 8.67
MLKN Price Earnings VS Forward Price EarningsMLKN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 87.65% of the companies in the same industry are more expensive than MLKN, based on the Enterprise Value to EBITDA ratio.
  • MLKN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MLKN is cheaper than 77.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.28
EV/EBITDA 6.93
MLKN Per share dataMLKN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.16%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MLKN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.60%, MLKN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.79, MLKN pays a better dividend. On top of this MLKN pays more dividend than 92.59% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, MLKN pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.6%

5.2 History

  • The dividend of MLKN has a limited annual growth rate of 3.87%.
  • MLKN has been paying a dividend for at least 10 years, so it has 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
MLKN Yearly Dividends per shareMLKN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • MLKN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • MLKN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-201.18%
EPS Next 2Y8.16%
EPS Next 3YN/A
MLKN Yearly Income VS Free CF VS DividendMLKN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

More info and screens

Find the best dividend stocksShow peers with best dividend

MLKN Fundamentals: All Metrics, Ratios and Statistics

MILLERKNOLL INC

NASDAQ:MLKN (3/4/2026, 10:19:10 AM)

19.775

-0.12 (-0.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)12-17
Earnings (Next)03-25
Inst Owners93.89%
Inst Owner ChangeN/A
Ins Owners1.28%
Ins Owner Change4.69%
Market Cap1.35B
Revenue(TTM)3.75B
Net Income(TTM)-25.40M
Analysts43.33
Price Target32.64 (65.06%)
Short Float %2.42%
Short Ratio2.64
Dividend
Industry RankSector Rank
Dividend Yield 3.6%
Yearly Dividend0.75
Dividend Growth(5Y)3.87%
DP-201.18%
Div Incr Years0
Div Non Decr Years4
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.08%
Min EPS beat(2)3.66%
Max EPS beat(2)28.5%
EPS beat(4)3
Avg EPS beat(4)16.23%
Min EPS beat(4)-1.96%
Max EPS beat(4)34.71%
EPS beat(8)6
Avg EPS beat(8)9.74%
EPS beat(12)10
Avg EPS beat(12)15.58%
EPS beat(16)14
Avg EPS beat(16)15.66%
Revenue beat(2)1
Avg Revenue beat(2)1.07%
Min Revenue beat(2)-0.71%
Max Revenue beat(2)2.85%
Revenue beat(4)2
Avg Revenue beat(4)-0.29%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)3.2%
Revenue beat(8)2
Avg Revenue beat(8)-2.01%
Revenue beat(12)3
Avg Revenue beat(12)-2.02%
Revenue beat(16)4
Avg Revenue beat(16)-1.88%
PT rev (1m)0%
PT rev (3m)-8.57%
EPS NQ rev (1m)0.75%
EPS NQ rev (3m)10.65%
EPS NY rev (1m)0%
EPS NY rev (3m)4.01%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)2.85%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 10.3
Fwd PE 8.67
P/S 0.36
P/FCF 16.28
P/OCF 6.52
P/B 1.04
P/tB N/A
EV/EBITDA 6.93
EPS(TTM)1.92
EY9.71%
EPS(NY)2.28
Fwd EY11.54%
FCF(TTM)1.21
FCFY6.14%
OCF(TTM)3.03
OCFY15.33%
SpS54.93
BVpS19.04
TBVpS-7.66
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.68
Profitability
Industry RankSector Rank
ROA -0.64%
ROE -1.95%
ROCE 6.76%
ROIC 5.77%
ROICexc 6.1%
ROICexgc 14.85%
OM 5.91%
PM (TTM) N/A
GM 38.67%
FCFM 2.21%
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 Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 16.18
Debt/EBITDA 3.63
Cap/Depr 87.2%
Cap/Sales 3.31%
Interest Coverage 250
Cash Conversion 56.89%
Profit Quality N/A
Current Ratio 1.67
Quick Ratio 0.95
Altman-Z 1.82
F-Score5
WACC8.17%
ROIC/WACC0.71
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)-5.42%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%-21.82%
EPS Next Y-0.62%
EPS Next 2Y8.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.34%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%-1.57%
Revenue Next Year6.2%
Revenue Next 2Y5.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y19.86%
EBIT growth 3Y69.93%
EBIT growth 5Y0.2%
EBIT Next Year68.12%
EBIT Next 3Y29.93%
EBIT Next 5YN/A
FCF growth 1Y-72.25%
FCF growth 3YN/A
FCF growth 5Y-7.82%
OCF growth 1Y-45.78%
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.


Can you provide the valuation status for MILLERKNOLL INC?

ChartMill assigns a valuation rating of 6 / 10 to MILLERKNOLL INC (MLKN). This can be considered as Fairly Valued.


Can you provide the profitability details for MILLERKNOLL INC?

MILLERKNOLL INC (MLKN) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for MLKN stock?

The Price/Earnings (PE) ratio for MILLERKNOLL INC (MLKN) is 10.3 and the Price/Book (PB) ratio is 1.04.


Can you provide the expected EPS growth for MLKN stock?

The Earnings per Share (EPS) of MILLERKNOLL INC (MLKN) is expected to decline by -0.62% in the next year.