MILLERKNOLL INC (MLKN) Fundamental Analysis & Valuation

NASDAQ:MLKN • US6005441000

Current stock price

17.59 USD
+0.17 (+0.98%)
Last:

This MLKN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. MLKN Profitability Analysis

1.1 Basic Checks

  • MLKN had positive earnings in the past year.
  • 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

  • MLKN has a Return On Assets of 0.27%. This is comparable to the rest of the industry: MLKN outperforms 53.16% of its industry peers.
  • MLKN has a Return On Equity (0.81%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.03%, MLKN is in the better half of the industry, outperforming 75.95% of the companies in the same industry.
  • MLKN had an Average Return On Invested Capital over the past 3 years of 5.11%. This is below the industry average of 9.77%.
  • The last Return On Invested Capital (9.03%) for MLKN is above the 3 year average (5.11%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.27%
ROE 0.81%
ROIC 9.03%
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 has a Profit Margin of 0.28%. This is comparable to the rest of the industry: MLKN outperforms 50.63% of its industry peers.
  • Looking at the Operating Margin, with a value of 9.11%, MLKN is in the better half of the industry, outperforming 68.35% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MLKN has declined.
  • The Gross Margin of MLKN (38.69%) is comparable to the rest of the industry.
  • MLKN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 9.11%
PM (TTM) 0.28%
GM 38.69%
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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3

2. MLKN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MLKN is creating some value.
  • Compared to 1 year ago, MLKN has less shares outstanding
  • MLKN has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, MLKN has a worse debt to assets ratio.
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

  • MLKN has an Altman-Z score of 1.90. This is not the best score and indicates that MLKN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.90, MLKN is in line with its industry, outperforming 49.37% of the companies in the same industry.
  • MLKN has a debt to FCF ratio of 15.65. This is a negative value and a sign of low solvency as MLKN would need 15.65 years to pay back of all of its debts.
  • MLKN has a Debt to FCF ratio (15.65) which is comparable to the rest of the industry.
  • MLKN has a Debt/Equity ratio of 0.96. This is a neutral value indicating MLKN is somewhat dependend on debt financing.
  • MLKN has a Debt to Equity ratio of 0.96. This is in the lower half of the industry: MLKN underperforms 62.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.96
Debt/FCF 15.65
Altman-Z 1.9
ROIC/WACC1.04
WACC8.7%
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

  • MLKN has a Current Ratio of 1.64. This is a normal value and indicates that MLKN is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.64, MLKN perfoms like the industry average, outperforming 59.49% of the companies in the same industry.
  • MLKN has a Quick Ratio of 1.64. This is a bad value and indicates that MLKN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MLKN has a worse Quick ratio (0.92) than 70.89% of its industry peers.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 0.92
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 -5.45% in the last year.
  • MLKN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.37% yearly.
  • Looking at the last year, MLKN shows a small growth in Revenue. The Revenue has grown by 5.62% in the last year.
  • Measured over the past years, MLKN shows a quite strong growth in Revenue. The Revenue has been growing by 8.10% on average per year.
EPS 1Y (TTM)-5.45%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%-2.27%
Revenue 1Y (TTM)5.62%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%5.75%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.20% on average over the next years.
  • MLKN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.72% yearly.
EPS Next Y-3.49%
EPS Next 2Y4.24%
EPS Next 3Y7.2%
EPS Next 5YN/A
Revenue Next Year5.25%
Revenue Next 2Y4.51%
Revenue Next 3Y4.72%
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 2028 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 2028 1 2 3

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6

4. MLKN Valuation Analysis

4.1 Price/Earnings Ratio

  • MLKN is valuated reasonably with a Price/Earnings ratio of 9.21.
  • Based on the Price/Earnings ratio, MLKN is valued cheaper than 92.41% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.66, MLKN is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.30, the valuation of MLKN can be described as very reasonable.
  • 92.41% of the companies in the same industry are more expensive than MLKN, based on the Price/Forward Earnings ratio.
  • MLKN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.00.
Industry RankSector Rank
PE 9.21
Fwd PE 8.3
MLKN Price Earnings VS Forward Price EarningsMLKN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MLKN is valued cheaply inside the industry as 93.67% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, MLKN is valued a bit cheaper than 75.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.47
EV/EBITDA 4.71
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 2Y4.24%
EPS Next 3Y7.2%

More info and screens

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

7

5. MLKN Dividend Analysis

5.1 Amount

  • MLKN has a Yearly Dividend Yield of 4.61%, which is a nice return.
  • Compared to an average industry Dividend Yield of 0.84, MLKN pays a better dividend. On top of this MLKN pays more dividend than 94.94% of the companies listed in the same industry.
  • MLKN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.61%

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 past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)3.87%
Div Incr Years0
Div Non Decr Years5
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

  • 472.22% of the earnings are spent on dividend by MLKN. This is not a sustainable payout ratio.
  • MLKN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP472.22%
EPS Next 2Y4.24%
EPS Next 3Y7.2%
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
MLKN Dividend Payout.MLKN Dividend Payout, showing the Payout Ratio.MLKN Dividend Payout.PayoutRetained Earnings

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MLKN Fundamentals: All Metrics, Ratios and Statistics

MILLERKNOLL INC

NASDAQ:MLKN (4/22/2026, 9:56:08 AM)

17.59

+0.17 (+0.98%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)03-25
Earnings (Next)06-23
Inst Owners93.17%
Inst Owner Change0.11%
Ins Owners1.36%
Ins Owner Change4.69%
Market Cap1.20B
Revenue(TTM)3.80B
Net Income(TTM)10.80M
Analysts82.5
Price Target32.64 (85.56%)
Short Float %3.67%
Short Ratio3.01
Dividend
Industry RankSector Rank
Dividend Yield 4.61%
Yearly Dividend0.75
Dividend Growth(5Y)3.87%
DP472.22%
Div Incr Years0
Div Non Decr Years5
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.33%
Min EPS beat(2)-6.32%
Max EPS beat(2)3.66%
EPS beat(4)3
Avg EPS beat(4)15.14%
Min EPS beat(4)-6.32%
Max EPS beat(4)34.71%
EPS beat(8)5
Avg EPS beat(8)8.85%
EPS beat(12)9
Avg EPS beat(12)12.93%
EPS beat(16)13
Avg EPS beat(16)15.06%
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.56%
Max Revenue beat(2)-0.71%
Revenue beat(4)2
Avg Revenue beat(4)0.45%
Min Revenue beat(4)-3.56%
Max Revenue beat(4)3.2%
Revenue beat(8)2
Avg Revenue beat(8)-1.71%
Revenue beat(12)3
Avg Revenue beat(12)-2.05%
Revenue beat(16)4
Avg Revenue beat(16)-1.97%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-11.89%
EPS NQ rev (3m)-6.25%
EPS NY rev (1m)-4.9%
EPS NY rev (3m)-2.89%
Revenue NQ rev (1m)-1.94%
Revenue NQ rev (3m)-0.77%
Revenue NY rev (1m)-0.89%
Revenue NY rev (3m)-0.59%
Valuation
Industry RankSector Rank
PE 9.21
Fwd PE 8.3
P/S 0.32
P/FCF 14.47
P/OCF 5.84
P/B 0.9
P/tB N/A
EV/EBITDA 4.71
EPS(TTM)1.91
EY10.86%
EPS(NY)2.12
Fwd EY12.05%
FCF(TTM)1.22
FCFY6.91%
OCF(TTM)3.01
OCFY17.13%
SpS55.57
BVpS19.53
TBVpS-7.2
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.9743 (64.72%)
Profitability
Industry RankSector Rank
ROA 0.27%
ROE 0.81%
ROCE 10.59%
ROIC 9.03%
ROICexc 9.54%
ROICexgc 23.3%
OM 9.11%
PM (TTM) 0.28%
GM 38.69%
FCFM 2.19%
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-Score6
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.96
Debt/FCF 15.65
Debt/EBITDA 2.6
Cap/Depr 84.18%
Cap/Sales 3.23%
Interest Coverage 250
Cash Conversion 41.84%
Profit Quality 769.44%
Current Ratio 1.64
Quick Ratio 0.92
Altman-Z 1.9
F-Score6
WACC8.7%
ROIC/WACC1.04
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)-5.45%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%-2.27%
EPS Next Y-3.49%
EPS Next 2Y4.24%
EPS Next 3Y7.2%
EPS Next 5YN/A
Revenue 1Y (TTM)5.62%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%5.75%
Revenue Next Year5.25%
Revenue Next 2Y4.51%
Revenue Next 3Y4.72%
Revenue Next 5YN/A
EBIT growth 1Y455.86%
EBIT growth 3Y69.93%
EBIT growth 5Y0.2%
EBIT Next Year59.8%
EBIT Next 3Y21.96%
EBIT Next 5YN/A
FCF growth 1Y-71.07%
FCF growth 3YN/A
FCF growth 5Y-7.82%
OCF growth 1Y-43.78%
OCF growth 3YN/A
OCF growth 5Y-1.15%

MILLERKNOLL INC / MLKN Fundamental Analysis 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.


What is the profitability of MLKN stock?

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 9.21 and the Price/Book (PB) ratio is 0.9.


How sustainable is the dividend of MILLERKNOLL INC (MLKN) stock?

The dividend rating of MILLERKNOLL INC (MLKN) is 7 / 10 and the dividend payout ratio is 472.22%.