Millerknoll Intrinsic Stock Value – MillerKnoLL Reports Q2 Earnings Results for FY2024 as of November 30, 2023
December 27, 2023
🌥️Earnings Overview
On December 20 2023, MILLERKNOLL ($NASDAQ:MLKN) reported their fiscal year 2024 second quarter earnings results as of November 30 of that same year. In comparison to the same period in the prior year, total revenue was USD 949.5 million, a decrease of 11.0%, but the reported net income grew by 109.4% to reach USD 33.5 million.
Market Price
MILLERKNOLL reported its earnings results for the second quarter of its fiscal year 2024 on Wednesday, November 30th 2023. At the opening of the markets that day, MILLERKNOLL stock was listed at $28.7 and closed the day at $29.0, representing an increase of 0.2% from its prior closing price of $29.0. The results for MILLERKNOLL indicate a solid financial performance despite the ongoing global pandemic and economic strain. This is an encouraging sign for the company and investors alike, indicating the company has the potential for further growth in the coming quarters.
It is no surprise that MILLERKNOLL’s stock rose, as investors responded positively to the news of its positive Q2 earnings results. With this financial success, MILLERKNOLL is poised to have a successful fiscal year 2024, buoyed by the strong performance in the second quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Millerknoll. More…
| Total Revenues | Net Income | Net Margin |
| 3.81k | 50.5 | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Millerknoll. More…
| Operations | Investing | Financing |
| 381.6 | -85.8 | -269.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Millerknoll. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.16k | 2.63k | 19.33 |
Key Ratios Snapshot
Some of the financial key ratios for Millerknoll are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.7% | -5.8% | 3.6% |
| FCF Margin | ROE | ROA |
| 8.9% | 6.0% | 2.0% |
Analysis – Millerknoll Intrinsic Stock Value
At GoodWhale, we take pride in providing the most accurate and insightful financial analysis of businesses. After analyzing MILLERKNOLL‘s financials through our proprietary technology, we have determined that the intrinsic value of MILLERKNOLL’s stock is around $34.2. This value was calculated using our Valuation Line, which takes into account multiple criteria such as the company’s financial statements, market trends, and industry outlook. At the time of writing, MILLERKNOLL stock is currently traded at $29.0, a fair price that is currently undervalued by 15.3%. This means that now is a great time to invest in MILLERKNOLL’s stock as it presents an opportunity for growth and capital appreciation. More…
Peers
Its competitors are Tempur Sealy International Inc, Whirlpool Corp, Electrolux AB.
– Tempur Sealy International Inc ($NYSE:TPX)
Tempur Sealy International Inc is a publicly traded company with a market capitalization of 4.98 billion as of 2022. The company has a return on equity of -358.87%. Tempur Sealy International Inc is engaged in the design, manufacture, and marketing of mattresses and bedding products. The company operates in two segments: North America and International. Tempur Sealy International Inc is headquartered in Lexington, Kentucky.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corp is a leading manufacturer and marketer of major home appliances, with annual sales of over $21 billion. The company has a strong global presence, with over 93,000 employees and 70 manufacturing and technology research centers around the world. Whirlpool’s products include refrigerators, freezers, washers, dryers, dishwashers, and small appliances such as microwaves and vacuum cleaners. The company also provides home improvement products and services through its Whirlpool brand.
– Electrolux AB ($OTCPK:ELRXF)
Electrolux is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is one of the world’s leading home appliance companies with products sold in more than 150 countries. The company has about 60,000 employees and reported sales of SEK 124 billion in 2020. The company’s products include refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, and other small electrical appliances.
Summary
MILLERKNOLL reported its FY2024 Q2 earnings results on December 20th, 2023. Total revenue was USD 949.5 million, a decrease of 11.0% year over year. Despite the decrease in revenue, net income increased by 109.4% to USD 33.5 million compared to the same period in the prior year.
This is a positive sign for investors, as it suggests the company can manage expenses effectively and generate increased profits despite declining revenue. Investors should continue to watch MILLERKNOLL closely to monitor the company’s long-term financial performance and growth prospects.
