HNI Corporation

HNI Corporation

HNIยทNYSE

$30.09

-0.27%
IndustrialsBusiness Equipment & Supplies

HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.

At a Glance

Live Snapshot
Market Cap$1.63B
EPS1.1300
P/E Ratio26.63
Earnings Date07/23/2026
HNI Corporation

HNI Corporation Fair Value Envelope

HNI ยท NYSE

Our analysis suggests that HNI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $30.09, this represents a potential HIDDEN relative to our calculated worth for HNI Corporation.

Intrinsic Value
Current Price: $30.09

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$17.1B
+ Cash & Equivalents$209.2M
Firm Value$17.3B
- Debt$1.6B
Equity Value$15.6B
/ Shares Outstanding45,840,130B
DCF Value$341
UNDERVALUED BY 1033%

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
$330.0M
$394.3M
$471.1M
$562.8M
$672.4M
$803.4M
$959.9M
$1.1B
$1.4B
$1.6B
Maintenance CapEx
-$15.7M
-$18.8M
-$22.4M
-$26.8M
-$32.0M
-$38.3M
-$45.7M
-$54.6M
-$65.3M
-$78.0M
Owner Earnings
$314.3M
$375.5M
$448.6M
$536.0M
$640.4M
$765.1M
$914.2M
$1.1B
$1.3B
$1.6B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$291.0M
$321.9M
$356.1M
$394.0M
$435.8M
$482.2M
$533.4M
$590.1M
$652.8M
$722.2M
Terminal Value represents 72.0% of Enterprise Value