MILLERKNOLL INC (MLKN) Fundamental Analysis & Valuation

NASDAQ:MLKN • US6005441000

Current stock price

17.8 USD
-0.1 (-0.56%)
At close:
17.8 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.
  • 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.
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 (-0.64%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of -1.95%, MLKN is in line with its industry, outperforming 48.78% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.77%, MLKN is in the better half of the industry, outperforming 63.41% 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 10.21%.
  • 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

  • Looking at the Operating Margin, with a value of 5.91%, MLKN is in line with its industry, outperforming 56.10% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MLKN has declined.
  • MLKN has a better Gross Margin (38.67%) than 62.20% of its industry peers.
  • MLKN's Gross Margin has been stable in the last couple of years.
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

  • MLKN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for MLKN has been reduced compared to 1 year ago.
  • 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

  • Based on the Altman-Z score of 1.79, we must say that MLKN is in the distress zone and has some risk of bankruptcy.
  • MLKN has a Altman-Z score (1.79) which is in line with its industry peers.
  • 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 in line with its industry peers.
  • A Debt/Equity ratio of 1.02 is on the high side and indicates that MLKN has dependencies on debt financing.
  • The Debt to Equity ratio of MLKN (1.02) is worse than 63.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 16.18
Altman-Z 1.79
ROIC/WACC0.72
WACC8.05%
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.
  • With a decent Current ratio value of 1.67, MLKN is doing good in the industry, outperforming 60.98% of the companies in the same industry.
  • A Quick Ratio of 0.95 indicates that MLKN may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.95, MLKN is doing worse than 69.51% of the companies in the same industry.
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.
  • 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 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

  • The Earnings Per Share is expected to grow by 12.88% on average over the next years. This is quite good.
  • Based on estimates for the next years, MLKN will show a small growth in Revenue. The Revenue will grow by 6.60% on average per year.
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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7

4. MLKN Valuation Analysis

4.1 Price/Earnings Ratio

  • MLKN is valuated reasonably with a Price/Earnings ratio of 9.27.
  • Compared to the rest of the industry, the Price/Earnings ratio of MLKN indicates a rather cheap valuation: MLKN is cheaper than 89.02% of the companies listed in the same industry.
  • MLKN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.23.
  • Based on the Price/Forward Earnings ratio of 7.70, the valuation of MLKN can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MLKN indicates a rather cheap valuation: MLKN is cheaper than 90.24% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of MLKN to the average of the S&P500 Index (22.42), we can say MLKN is valued rather cheaply.
Industry RankSector Rank
PE 9.27
Fwd PE 7.7
MLKN Price Earnings VS Forward Price EarningsMLKN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MLKN indicates a rather cheap valuation: MLKN is cheaper than 87.80% of the companies listed in the same industry.
  • MLKN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MLKN is cheaper than 75.61% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.65
EV/EBITDA 6.53
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 an expensive valuation of the company.
  • A more expensive valuation may be justified as MLKN's earnings are expected to grow with 12.88% in the coming years.
PEG (NY)6.28
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

7

5. MLKN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.19%, MLKN is a good candidate for dividend investing.
  • MLKN's Dividend Yield is rather good when compared to the industry average which is at 0.84. 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 4.19%

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

  • The earnings of MLKN are negative and hence is the payout ratio. MLKN will probably not be able to sustain this dividend level.
  • 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 (3/20/2026, 8:10:46 PM)

After market: 17.8 0 (0%)

17.8

-0.1 (-0.56%)

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 Cap1.21B
Revenue(TTM)3.75B
Net Income(TTM)-25.40M
Analysts82.5
Price Target32.64 (83.37%)
Short Float %2.89%
Short Ratio3.73
Dividend
Industry RankSector Rank
Dividend Yield 4.19%
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)0%
EPS NQ rev (1m)0.75%
EPS NQ rev (3m)3.05%
EPS NY rev (1m)2.11%
EPS NY rev (3m)3.19%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.01%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)0.31%
Valuation
Industry RankSector Rank
PE 9.27
Fwd PE 7.7
P/S 0.32
P/FCF 14.65
P/OCF 5.87
P/B 0.93
P/tB N/A
EV/EBITDA 6.53
EPS(TTM)1.92
EY10.79%
EPS(NY)2.31
Fwd EY12.98%
FCF(TTM)1.21
FCFY6.82%
OCF(TTM)3.03
OCFY17.03%
SpS54.93
BVpS19.04
TBVpS-7.66
PEG (NY)6.28
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 1.79
F-Score5
WACC8.05%
ROIC/WACC0.72
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 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.


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

The Price/Earnings (PE) ratio for MILLERKNOLL INC (MLKN) is 9.27 and the Price/Book (PB) ratio is 0.93.


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.