Head to Head Comparison: MillerKnoll (MLKN) versus Its Competitors

MillerKnoll (NASDAQ:MLKN) is one of 17 publicly-traded companies in the “FURNITURE” industry, but how does it weigh in compared to its competitors? We will compare MillerKnoll to related businesses based on the strength of its valuation, institutional ownership, analyst recommendations, risk, earnings, profitability and dividends.

Profitability

This table compares MillerKnoll and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
MillerKnoll	0.84%	10.79%	3.56%
MillerKnoll Competitors	-4.26%	-18.05%	-2.74%

Institutional & Insider Ownership

87.5% of MillerKnoll shares are owned by institutional investors. Comparatively, 62.4% of shares of all “FURNITURE” companies are owned by institutional investors. 3.9% of MillerKnoll shares are owned by company insiders. Comparatively, 5.4% of shares of all “FURNITURE” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Valuation & Earnings

This table compares MillerKnoll and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
MillerKnoll	$3.63 billion	$82.30 million	40.26
MillerKnoll Competitors	$1.45 billion	$472,666.67	4.51

MillerKnoll has higher revenue and earnings than its competitors. MillerKnoll is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Risk and Volatility

MillerKnoll has a beta of 1.17, meaning that its share price is 17% more volatile than the S&P 500. Comparatively, MillerKnoll’s competitors have a beta of 0.95, meaning that their average share price is 5% less volatile than the S&P 500.

Dividends

MillerKnoll pays an annual dividend of $0.75 per share and has a dividend yield of 4.4%. MillerKnoll pays out 178.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “FURNITURE” companies pay a dividend yield of 3.2% and pay out 279.4% of their earnings in the form of a dividend. MillerKnoll is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for MillerKnoll and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
MillerKnoll	0	1	0	0	2.00
MillerKnoll Competitors	51	509	308	52	2.39

As a group, “FURNITURE” companies have a potential upside of 44.06%. Given MillerKnoll’s competitors stronger consensus rating and higher possible upside, analysts clearly believe MillerKnoll has less favorable growth aspects than its competitors.

Summary

MillerKnoll beats its competitors on 10 of the 15 factors compared.

MillerKnoll Company Profile

MillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, 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. It offers its products under the MillerKnoll, Herman Miller, Herman Miller Circled Symbolic M, Knoll, Maharam, Geiger, Design Within Reach, DWR, HAY, NaughtOne, Nemschoff, Aeron, Mirra, Embody, Setu, Sayl, Cosm, Caper, Eames, Knoll, KnollExtra, Knoll Luxe, KnollStudio, KnollTextiles, Edelman Leather, Spinneybeck Leather, Generation by Knoll, Regeneration by Knoll, MultiGeneration by Knoll, Remix, Holly Hunt, Vladimir Kagan, Muuto, Barcelona, and Womb names. The company offers its products through independent contract furniture dealers, direct contract sales, e-commerce websites, and wholesale and retail stores. Its products are used in institutional, health/science, and residential and other environments, and industrial and educational settings, as well as transportation terminals. 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.