MILLERKNOLL INC (MLKN) Fundamental Analysis & Valuation

NASDAQ:MLKN • US6005441000

Current stock price

18.96 USD
+0.11 (+0.58%)
At close:
18.96 USD
0 (0%)
After Hours:

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.
  • In multiple years MLKN reported negative net income over the last 5 years.
  • Of the past 5 years MLKN 4 years had a positive operating cash flow.
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's Return On Assets of -0.64% is in line compared to the rest of the industry. MLKN outperforms 47.56% of its industry peers.
  • MLKN has a Return On Equity (-1.95%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of MLKN (5.77%) is better than 62.20% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MLKN is significantly below the industry average of 10.60%.
  • 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

  • The Operating Margin of MLKN (5.91%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of MLKN has declined.
  • With a decent Gross Margin value of 38.67%, MLKN is doing good in the industry, outperforming 63.41% 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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2

2. MLKN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MLKN is destroying value.
  • Compared to 1 year ago, MLKN has less shares outstanding
  • MLKN has more shares outstanding than it did 5 years ago.
  • 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

  • Based on the Altman-Z score of 1.81, 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 1.81, MLKN is in line with its industry, outperforming 50.00% of the companies in the same 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 of 16.18. This is comparable to the rest of the industry: MLKN outperforms 56.10% of its industry peers.
  • MLKN has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
  • MLKN has a Debt to Equity ratio of 1.02. This is in the lower half of the industry: MLKN underperforms 62.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 16.18
Altman-Z 1.81
ROIC/WACC0.7
WACC8.25%
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 60.98% of its industry peers.
  • A Quick Ratio of 0.95 indicates that MLKN may have some problems paying its short term obligations.
  • MLKN's Quick ratio of 0.95 is on the low side compared to the rest of the industry. MLKN is outperformed by 69.51% of its industry peers.
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

  • MLKN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.42%.
  • 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.
  • 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)-5.42%
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

  • The Earnings Per Share is expected to grow by 12.88% on average over the next years. This is quite good.
  • MLKN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.60% yearly.
EPS Next Y1.48%
EPS Next 2Y8.85%
EPS Next 3Y12.88%
EPS Next 5YN/A
Revenue Next Year6.2%
Revenue Next 2Y5.49%
Revenue Next 3Y6.6%
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 stable.
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

  • With a Price/Earnings ratio of 9.88, 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 89.02% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.70. MLKN is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 8.21, which indicates a very decent valuation of MLKN.
  • 90.24% of the companies in the same industry are more expensive than MLKN, based on the Price/Forward Earnings ratio.
  • MLKN is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.88
Fwd PE 8.21
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 cheaper than 86.59% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MLKN is valued a bit cheaper than the industry average as 75.61% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 15.61
EV/EBITDA 6.75
MLKN Per share dataMLKN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MLKN does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as MLKN's earnings are expected to grow with 12.88% in the coming years.
PEG (NY)6.69
PEG (5Y)N/A
EPS Next 2Y8.85%
EPS Next 3Y12.88%

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

6

5. MLKN Dividend Analysis

5.1 Amount

  • MLKN has a Yearly Dividend Yield of 3.98%. Purely for dividend investing, there may be better candidates out there.
  • MLKN's Dividend Yield is rather good when compared to the industry average which is at 0.83. 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 1.89.
Industry RankSector Rank
Dividend Yield 3.98%

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
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 2Y8.85%
EPS Next 3Y12.88%
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

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MLKN Fundamentals: All Metrics, Ratios and Statistics

MILLERKNOLL INC

NASDAQ:MLKN (3/13/2026, 8:00:00 PM)

After market: 18.96 0 (0%)

18.96

+0.11 (+0.58%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)12-17
Earnings (Next)03-25
Inst Owners93.09%
Inst Owner ChangeN/A
Ins Owners1.36%
Ins Owner Change4.69%
Market Cap1.29B
Revenue(TTM)3.75B
Net Income(TTM)-25.40M
Analysts82.5
Price Target32.64 (72.15%)
Short Float %2.42%
Short Ratio2.64
Dividend
Industry RankSector Rank
Dividend Yield 3.98%
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)2.11%
EPS NY rev (3m)6.2%
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 9.88
Fwd PE 8.21
P/S 0.35
P/FCF 15.61
P/OCF 6.25
P/B 1
P/tB N/A
EV/EBITDA 6.75
EPS(TTM)1.92
EY10.13%
EPS(NY)2.31
Fwd EY12.19%
FCF(TTM)1.21
FCFY6.41%
OCF(TTM)3.03
OCFY15.99%
SpS54.93
BVpS19.04
TBVpS-7.66
PEG (NY)6.69
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 1.81
F-Score5
WACC8.25%
ROIC/WACC0.7
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 Y1.48%
EPS Next 2Y8.85%
EPS Next 3Y12.88%
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 3Y6.6%
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 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.


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 9.88 and the Price/Book (PB) ratio is 1.


Can you provide the expected EPS growth for MLKN stock?

The Earnings per Share (EPS) of MILLERKNOLL INC (MLKN) is expected to grow by 1.48% in the next year.