MillerKnoll, Inc.

MillerKnoll, Inc.

MLKNยทNASDAQ

$14.74

-4.2%
Consumer CyclicalFurnishings, Fixtures & Appliances

MillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names. The company also offers office seating, office furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. As of May 28, 2022, the company operated 70 retail studios including 35 operates under the DWR brand, 7 under the HAY brand, 22 Herman Miller stores, 2 Muuto stores, 3 Knoll stores, and a multi-brand Chicago store. Its products are used in institutional, health/science, and residential and other environments; transportation terminals; and industrial and educational settings. The company markets its products through its sales staff, and independent dealers and retailers, as well as e-commerce websites. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.

At a Glance

Live Snapshot
Market Cap$1.01B
EPS-0.5300
P/E Ratio-27.81
Earnings Date06/24/2026
MillerKnoll, Inc.

MillerKnoll, Inc. Fair Value Envelope

MLKN ยท NASDAQ

Our analysis suggests that MLKN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $14.74, this represents a potential HIDDEN relative to our calculated worth for MillerKnoll, Inc..

Intrinsic Value
Current Price: $14.74

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$163.3M
+ Cash & Equivalents$193.7M
Firm Value$357.0M
- Debt$1.8B
Equity Value-$1.5B
/ Shares Outstanding68,514,774B
DCF Value-$21
OVERVALUED BY 244%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$104.7M
$52.3M
$26.2M
$13.1M
$6.5M
$3.3M
$1.6M
$817.6K
$408.8K
$204.4K
Maintenance CapEx
-$10.8M
-$5.4M
-$2.7M
-$1.3M
-$672.5K
-$336.3K
-$168.1K
-$84.1K
-$42.0K
-$21.0K
Owner Earnings
$93.9M
$46.9M
$23.5M
$11.7M
$5.9M
$2.9M
$1.5M
$733.5K
$366.8K
$183.4K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$86.9M
$40.2M
$18.6M
$8.6M
$4.0M
$1.8M
$856.0K
$396.3K
$183.5K
$84.9K
Terminal Value represents 0.9% of Enterprise Value