Millerknoll Stock Intrinsic Value – MillerKnoll: Luxurious Chairs, Unfavorable Valuation
December 9, 2023
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MILLERKNOLL ($NASDAQ:MLKN): MillerKnoll is a furniture company that specializes in luxurious chairs. While their chairs may be comfortable and stylish, their valuation is far from it. This has led to investors being hesitant about investing in MillerKnoll’s stock, as it appears to be an extremely risky asset. Despite this unfavorable valuation, MillerKnoll remains committed to providing its customers with high-quality products. The company has recently launched a range of new chairs that are designed to provide superior comfort and elegance.
In addition, MillerKnoll has invested heavily in research and development to ensure that they remain at the forefront of the luxury furniture market. Overall, while MillerKnoll’s chairs may be luxurious and comfortable, their unfavorable valuation should give investors pause before investing in the company’s stock. It is important to thoroughly analyze the company before making an investment decision, as the stock may still be subject to further declines in value.
Stock Price
MILLERKNOLL, the renowned furniture manufacturer, specializes in creating luxurious chairs for homeowners and commercial establishments. On Friday, MILLERKNOLL’s stock opened at $27.8 and closed at the same price, down by 0.1% from its last closing price. While the company produces comfortable, high-end chairs, analysts are not optimistic about its valuation. Analysts point out that the stock prices have remained relatively stagnant despite the company’s efforts to increase production and launch new products.
The lack of momentum has caused the stock to remain at a lower level compared to other peers in the industry. Investors may find it difficult to gain returns from MILLERKNOLL, since the stock prices are not expected to increase significantly in the near future. 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 |
| 3.93k | 33 | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Millerknoll. More…
| Operations | Investing | Financing |
| 358.6 | -92.6 | -274.9 |
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 |
| 4.18k | 2.65k | 19.12 |
Key Ratios Snapshot
Some of the financial key ratios for Millerknoll are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.1% | -5.2% | 2.9% |
| FCF Margin | ROE | ROA |
| 6.9% | 5.0% | 1.7% |
Analysis – Millerknoll Stock Intrinsic Value
At GoodWhale, we are dedicated to analyzing the wellbeing of our clients. Therefore, we are currently looking at MILLERKNOLL‘s performance in the stock market and evaluating their fair value. Through our proprietary Valuation Line, we have calculated that MILLERKNOLL’s shares should be trading around $34.5, which is almost 20% higher than its current value of $27.8. This suggests that MILLERKNOLL’s shares are currently undervalued, making it an attractive investment opportunity. As such, we recommend that investors take a closer look at the company and consider investing in its stock. More…
Peers
Its competitors are Tempur Sealy International Inc, Whirlpool Corp, Electrolux AB.
– Tempur Sealy International Inc ($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 is a company that offers a variety of comfortable chairs, but its current valuation is not as attractive to potential investors. When analyzing MillerKnoll as an investment opportunity, it is important to consider its financial statements, competitive landscape, and growth potential. Investors should take into account the company’s revenue and profitability trends, its ability to create new products and expand its customer base, as well as its debt structure and cash flow.
Finally, research of the company’s financial forecasts and news releases can provide a better understanding of the company’s short-term trajectory. All in all, investors should conduct comprehensive research before investing in MillerKnoll.
