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MLHR Price/Volume Stats

Herman Miller, Inc. (MLHR) Company Bio

Herman Miller designs, manufactures, and distributes office furniture systems, seating products, other freestanding furniture elements, textiles, and related services in the United States and internationally. The company was founded in 1905 and is based in Zeeland, Michigan.

MLHR Price Forecast Based on DCF Valuation

Below please find a table outlining a discounted cash flow forecast for MLHR, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Herman Miller Inc ranked in the 66st percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 54%. In terms of the factors that were most noteworthy in this DCF analysis for MLHR, they are:

• In the past 5.75 years, Herman Miller Inc has a compound free cash flow growth rate of 0.19%; that's better than 67.98% of cash flow producing equities in the Industrials sector, where it is classified.
• MLHR's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 28.25% of tickers in our DCF set.
• Herman Miller Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 22.39. This coverage rate is greater than that of 86.25% of stocks we're observing for the purpose of forecasting via discounted cash flows.

ATKR, GATX, ODFL, ADT, and AIMC can be thought of as valuation peers to MLHR, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.