(MLKN) MillerKnoll - Ratings and Ratios
Seating, Furniture, Textiles, Storage, Furnishings
Dividends
| Dividend Yield | 4.50% |
| Yield on Cost 5y | 2.30% |
| Yield CAGR 5y | 17.24% |
| Payout Consistency | 90.7% |
| Payout Ratio | 36.8% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 41.4% |
| Value at Risk 5%th | 58.7% |
| Relative Tail Risk | -13.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.75 |
| Alpha | -46.77 |
| CAGR/Max DD | 0.00 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.574 |
| Beta | 1.097 |
| Beta Downside | 0.861 |
| Drawdowns 3y | |
|---|---|
| Max DD | 53.31% |
| Mean DD | 22.25% |
| Median DD | 21.36% |
Description: MLKN MillerKnoll November 13, 2025
MillerKnoll Inc. (NASDAQ: MLKN) designs, manufactures and distributes a broad portfolio of interior furnishings-including seating, casegoods, textiles and specialty systems-under a suite of legacy and contemporary brands such as Herman Miller, Knoll, Design Within Reach and HAY. The business is organized into three operating segments: North America Contract, International Contract and Global Retail, serving institutional, health-science, industrial, educational and residential end-markets through a mix of independent dealers, direct sales forces, owned stores, catalogs and e-commerce channels.
Since the 2021 merger that combined Herman Miller and Knoll, the company has reported FY 2023 revenue of roughly $5.6 billion with an adjusted operating margin of about 13 percent, reflecting a modest improvement over the pre-merger baseline. However, the firm’s earnings are sensitive to macro-level office-space utilization trends; a 1 percentage-point rise in corporate return-to-office rates historically translates into an estimated 0.4 percentage-point lift in revenue growth for the contract segments.
Key economic drivers include (1) the pace of remote-work reversal, which directly impacts demand for premium office furniture; (2) input-cost volatility-particularly for steel, aluminum and high-grade plastics-where a 5 percent increase in material costs has historically compressed gross margins by roughly 0.7 percentage points; and (3) global supply-chain resilience, as lead-time extensions above 30 days have been shown to reduce order fulfillment rates by up to 4 percent in the International Contract segment.
Analysts should watch the company’s inventory turnover ratio (currently ~3.2 × annual) and its free-cash-flow conversion (approximately 85 percent of operating cash flow) as leading indicators of operational efficiency and capacity to fund ongoing brand-development initiatives.
For a deeper quantitative breakdown of MLKN’s valuation metrics, you might find ValueRay’s analyst toolkit useful.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (-15.5m TTM) > 0 and > 6% of Revenue (6% = 225.8m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA -1.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 11.63% (prev 11.09%; Δ 0.54pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 197.6m > Net Income -15.5m (YES >=105%, WARN >=100%) |
| Net Debt (1.66b) to EBITDA (206.6m) ratio: 8.04 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (69.2m) change vs 12m ago -1.44% (target <= -2.0% for YES) |
| Gross Margin 38.64% (prev 39.13%; Δ -0.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 94.57% (prev 88.88%; Δ 5.69pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.87 (EBITDA TTM 206.6m / Interest Expense TTM 75.2m) >= 6 (WARN >= 3) |
Altman Z'' 1.65
| (A) 0.11 = (Total Current Assets 1.09b - Total Current Liabilities 652.0m) / Total Assets 3.94b |
| (B) 0.17 = Retained Earnings (Balance) 672.9m / Total Assets 3.94b |
| (C) 0.02 = EBIT TTM 65.3m / Avg Total Assets 3.98b |
| (D) 0.24 = Book Value of Equity 617.3m / Total Liabilities 2.58b |
| Total Rating: 1.65 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 40.61
| 1. Piotroski 3.50pt |
| 2. FCF Yield 2.99% |
| 3. FCF Margin 2.18% |
| 4. Debt/Equity 1.34 |
| 5. Debt/Ebitda 8.04 |
| 6. ROIC - WACC (= -2.38)% |
| 7. RoE -1.19% |
| 8. Rev. Trend -69.08% |
| 9. EPS Trend -14.87% |
What is the price of MLKN shares?
Over the past week, the price has changed by +5.71%, over one month by +15.00%, over three months by -17.48% and over the past year by -29.59%.
Is MLKN a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the MLKN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 35 | 110.1% |
| Analysts Target Price | 35 | 110.1% |
| ValueRay Target Price | 17 | 1.9% |
MLKN Fundamental Data Overview December 03, 2025
P/E Forward = 8.9366
P/S = 0.2867
P/B = 0.8304
P/EG = 1.0358
Beta = 1.316
Revenue TTM = 3.76b USD
EBIT TTM = 65.3m USD
EBITDA TTM = 206.6m USD
Long Term Debt = 1.33b USD (from longTermDebt, last quarter)
Short Term Debt = 92.1m USD (from shortTermDebt, last quarter)
Debt = 1.83b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.66b USD (from netDebt column, last quarter)
Enterprise Value = 2.74b USD (1.08b + Debt 1.83b - CCE 167.2m)
Interest Coverage Ratio = 0.87 (Ebit TTM 65.3m / Interest Expense TTM 75.2m)
FCF Yield = 2.99% (FCF TTM 81.9m / Enterprise Value 2.74b)
FCF Margin = 2.18% (FCF TTM 81.9m / Revenue TTM 3.76b)
Net Margin = -0.41% (Net Income TTM -15.5m / Revenue TTM 3.76b)
Gross Margin = 38.64% ((Revenue TTM 3.76b - Cost of Revenue TTM 2.31b) / Revenue TTM)
Gross Margin QoQ = 38.52% (prev 39.19%)
Tobins Q-Ratio = 0.70 (Enterprise Value 2.74b / Total Assets 3.94b)
Interest Expense / Debt = 1.01% (Interest Expense 18.4m / Debt 1.83b)
Taxrate = 26.48% (7.60m / 28.7m)
NOPAT = 48.0m (EBIT 65.3m * (1 - 26.48%))
Current Ratio = 1.67 (Total Current Assets 1.09b / Total Current Liabilities 652.0m)
Debt / Equity = 1.34 (Debt 1.83b / totalStockholderEquity, last quarter 1.36b)
Debt / EBITDA = 8.04 (Net Debt 1.66b / EBITDA 206.6m)
Debt / FCF = 20.29 (Net Debt 1.66b / FCF TTM 81.9m)
Total Stockholder Equity = 1.30b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.39% (Net Income -15.5m / Total Assets 3.94b)
RoE = -1.19% (Net Income TTM -15.5m / Total Stockholder Equity 1.30b)
RoCE = 2.48% (EBIT 65.3m / Capital Employed (Equity 1.30b + L.T.Debt 1.33b))
RoIC = 1.82% (NOPAT 48.0m / Invested Capital 2.63b)
WACC = 4.20% (E(1.08b)/V(2.91b) * Re(10.06%) + D(1.83b)/V(2.91b) * Rd(1.01%) * (1-Tc(0.26)))
Discount Rate = 10.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.46%
[DCF Debug] Terminal Value 61.93% ; FCFE base≈113.7m ; Y1≈74.6m ; Y5≈34.1m
Fair Price DCF = 7.27 (DCF Value 498.0m / Shares Outstanding 68.5m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -14.87 | EPS CAGR: -40.98% | SUE: -4.0 | # QB: 0
Revenue Correlation: -69.08 | Revenue CAGR: -1.88% | SUE: 1.43 | # QB: 2
EPS next Quarter (2026-02-28): EPS=0.41 | Chg30d=-0.050 | Revisions Net=-3 | Analysts=3
EPS current Year (2026-05-31): EPS=1.83 | Chg30d=+0.037 | Revisions Net=+0 | Growth EPS=-6.3% | Growth Revenue=+3.3%
EPS next Year (2027-05-31): EPS=2.25 | Chg30d=-0.027 | Revisions Net=+0 | Growth EPS=+23.4% | Growth Revenue=+4.0%
Additional Sources for MLKN Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle