MILLERKNOLL INC (MLKN) Stock Fundamental Analysis
USA - NASDAQ:MLKN - US6005441000 - Common Stock
17.18 USD
+0.11 (+0.64%)
Taking everything into account, MLKN scores 4 out of 10 in our fundamental rating. MLKN was compared to 82 industry peers in the Commercial Services & Supplies industry. While MLKN is still in line with the averages on profitability rating, there are concerns on its financial health. MLKN is valued quite cheap, while showing a decent growth score. This is a good combination! MLKN also has an excellent dividend rating.
1. Profitability
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.
1.2 Ratios
MLKN has a Return On Assets (-0.93%) which is in line with its industry peers.
MLKN's Return On Equity of -2.89% is in line compared to the rest of the industry. MLKN outperforms 41.46% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.13%, MLKN is in line with its industry, outperforming 53.66% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MLKN is significantly below the industry average of 10.38%.
The 3 year average ROIC (5.11%) for MLKN is below the current ROIC(5.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.93% | ||
| ROE | -2.89% | ||
| ROIC | 5.13% |
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
Looking at the Operating Margin, with a value of 5.32%, MLKN is in line with its industry, outperforming 51.22% of the companies in the same industry.
MLKN's Operating Margin has declined in the last couple of years.
The Gross Margin of MLKN (38.76%) is better than 65.85% of its industry peers.
MLKN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.32% | ||
| PM (TTM) | N/A | ||
| GM | 38.76% |
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
MLKN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MLKN has less shares outstanding
Compared to 5 years ago, MLKN has more shares outstanding
MLKN has a worse debt/assets ratio than last year.
2.2 Solvency
MLKN has an Altman-Z score of 1.71. This is a bad value and indicates that MLKN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.71, MLKN perfoms like the industry average, outperforming 45.12% of the companies in the same industry.
MLKN has a debt to FCF ratio of 13.04. This is a negative value and a sign of low solvency as MLKN would need 13.04 years to pay back of all of its debts.
The Debt to FCF ratio of MLKN (13.04) is comparable to the rest of the industry.
MLKN has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.03, MLKN is doing worse than 68.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 13.04 | ||
| Altman-Z | 1.71 |
ROIC/WACC0.66
WACC7.81%
2.3 Liquidity
A Current Ratio of 1.58 indicates that MLKN should not have too much problems paying its short term obligations.
With a Current ratio value of 1.58, MLKN perfoms like the industry average, outperforming 54.88% of the companies in the same industry.
A Quick Ratio of 0.94 indicates that MLKN may have some problems paying its short term obligations.
The Quick ratio of MLKN (0.94) is worse than 69.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
The earnings per share for MLKN have decreased by -1.45% in the last year.
The Earnings Per Share has been decreasing by -5.37% on average over the past years.
The Revenue has been growing slightly by 1.14% in the past year.
MLKN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.10% yearly.
EPS 1Y (TTM)-1.45%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%25%
Revenue 1Y (TTM)1.14%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%10.93%
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 9.21% yearly.
The Revenue is expected to grow by 4.18% on average over the next years.
EPS Next Y-6.37%
EPS Next 2Y9.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.68%
Revenue Next 2Y4.18%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.42, the valuation of MLKN can be described as very reasonable.
MLKN's Price/Earnings ratio is rather cheap when compared to the industry. MLKN is cheaper than 92.68% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.57. MLKN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 7.39 indicates a rather cheap valuation of MLKN.
MLKN's Price/Forward Earnings ratio is rather cheap when compared to the industry. MLKN is cheaper than 91.46% of the companies in the same industry.
MLKN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.09.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.42 | ||
| Fwd PE | 7.39 |
4.2 Price Multiples
84.15% of the companies in the same industry are more expensive than MLKN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, MLKN is valued cheaper than 86.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.57 | ||
| EV/EBITDA | 6.86 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.21%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MLKN has a Yearly Dividend Yield of 4.48%, which is a nice return.
MLKN's Dividend Yield is rather good when compared to the industry average which is at 2.51. MLKN pays more dividend than 91.46% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, MLKN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
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
The earnings of MLKN are negative and hence is the payout ratio. MLKN will probably not be able to sustain this dividend level.
The dividend of MLKN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-140.11%
EPS Next 2Y9.21%
EPS Next 3YN/A
NASDAQ:MLKN (10/23/2025, 10:38:37 AM)
17.18
+0.11 (+0.64%)
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 Cap1.18B
Revenue(TTM)3.67B
Net Income(TTM)-36900000
Analysts43.33
Price Target35.7 (107.8%)
Short Float %3%
Short Ratio4.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
Yearly Dividend0.75
Dividend Growth(5Y)3.87%
DP-140.11%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.37%
Min EPS beat(2)-1.96%
Max EPS beat(2)34.71%
EPS beat(4)2
Avg EPS beat(4)5.54%
Min EPS beat(4)-12.31%
Max EPS beat(4)34.71%
EPS beat(8)6
Avg EPS beat(8)15.64%
EPS beat(12)10
Avg EPS beat(12)16.18%
EPS beat(16)12
Avg EPS beat(16)12.67%
Revenue beat(2)1
Avg Revenue beat(2)-1.65%
Min Revenue beat(2)-6.51%
Max Revenue beat(2)3.2%
Revenue beat(4)1
Avg Revenue beat(4)-2.3%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)3.2%
Revenue beat(8)2
Avg Revenue beat(8)-2.8%
Revenue beat(12)3
Avg Revenue beat(12)-2.41%
Revenue beat(16)4
Avg Revenue beat(16)-1.02%
PT rev (1m)-7.89%
PT rev (3m)-7.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.42 | ||
| Fwd PE | 7.39 | ||
| P/S | 0.32 | ||
| P/FCF | 11.57 | ||
| P/OCF | 5.62 | ||
| P/B | 0.92 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.86 |
EPS(TTM)2.04
EY11.87%
EPS(NY)2.33
Fwd EY13.54%
FCF(TTM)1.48
FCFY8.64%
OCF(TTM)3.06
OCFY17.78%
SpS53.57
BVpS18.62
TBVpS-8.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number29.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.93% | ||
| ROE | -2.89% | ||
| ROCE | 6.02% | ||
| ROIC | 5.13% | ||
| ROICexc | 5.45% | ||
| ROICexgc | 13.64% | ||
| OM | 5.32% | ||
| PM (TTM) | N/A | ||
| GM | 38.76% | ||
| FCFM | 2.77% |
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 Turnover0.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 13.04 | ||
| Debt/EBITDA | 3.9 | ||
| Cap/Depr | 76.58% | ||
| Cap/Sales | 2.93% | ||
| Interest Coverage | 2.83 | ||
| Cash Conversion | 62.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 1.71 |
F-Score5
WACC7.81%
ROIC/WACC0.66
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-6.37%
EPS Next 2Y9.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.14%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%10.93%
Revenue Next Year4.68%
Revenue Next 2Y4.18%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-9.08%
EBIT growth 3Y69.93%
EBIT growth 5Y0.2%
EBIT Next Year57.11%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.87%
FCF growth 3YN/A
FCF growth 5Y-7.82%
OCF growth 1Y-40.59%
OCF growth 3YN/A
OCF growth 5Y-1.15%