Knoll Inc. designs, manufactures, markets, and sells furnishings and accessories, textiles, fine leathers, and felt for the workplace and home in the United States, Canada, and Europe. It operates through Office, Studio, and Coverings segments. The company was founded in 1938 and is based in East Greenville, Pennsylvania.
KNL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Knoll Inc. To summarize, we found that Knoll Inc ranked in the 15th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for KNL, they are:
The company's compound free cash flow growth rate over the past 5.69 years comes in at -0.09%; that's greater than only 14.26% of US stocks we're applying DCF forecasting to.
As a business, Knoll Inc experienced a tax rate of about 2% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than just 21.98% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SRCL, ABB, CPRT, EFX, and DCO can be thought of as valuation peers to KNL, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Knoll (KNL) reports net sales decreased 25.4% in Q2, driven by the shutdown in Italy and at HOLLY HUNT. Organic net sales down 31.3%.Office sales declined 19% to $180.3M and Lifestyle sales off 35% to $93.8M.Adjusted gross margin rate fell 310 bps to 35.2%.Adjusted EBITDA fell 47.1% to $25.6M.The company has implemented $50M...
* Strong work from home results and channel diversification help to mitigate workplace declines * Implemented $50M of annualized operating expense reductions * $164 million preferred stock issuance closed on July 21, 2020, enhancing liquidity and reducing debtEAST GREENVILLE, Pa., July 23, 2020 (GLOBE NEWSWIRE) -- Knoll, Inc. (NYSE: KNL), a leading designer and manufacturer of furnishings, textiles and fine leathers for the workplace and home, today announced results for the second quarter ended June 30, 2020.Second Quarter Highlights Versus Prior YearNet Sales decreased 25.4% to $274.1M GAAP Gross Margin decreased 340 bps to 34.9% Adjusted Gross Margin decreased 310 bps to 35.2% GAAP Net Earnings decreased $31.2M to ($9.6M) or (3.5)% of net sales Adjusted EBITDA decreased $22.8M ...