Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.22
MLHR's Cash to Debt is ranked lower than
51% of the 2059 Companies
in the Global Business Equipment industry.

( Industry Median: 0.80 vs. MLHR: 0.22 )
MLHR' s 10-Year Cash to Debt Range
Min: 0.12   Max: 0.98
Current: 0.22

0.12
0.98
Equity to Asset 0.35
MLHR's Equity to Asset is ranked lower than
52% of the 2046 Companies
in the Global Business Equipment industry.

( Industry Median: 0.50 vs. MLHR: 0.35 )
MLHR' s 10-Year Equity to Asset Range
Min: 0   Max: 0.47
Current: 0.35

0
0.47
F-Score: 7
Z-Score: 3.88
M-Score: -2.56
WACC vs ROIC
10.95%
17.60%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 7.39
MLHR's Operating margin (%) is ranked higher than
75% of the 2063 Companies
in the Global Business Equipment industry.

( Industry Median: 6.58 vs. MLHR: 7.39 )
MLHR' s 10-Year Operating margin (%) Range
Min: -5.44   Max: 12.27
Current: 7.39

-5.44
12.27
Net-margin (%) 4.41
MLHR's Net-margin (%) is ranked higher than
69% of the 2063 Companies
in the Global Business Equipment industry.

( Industry Median: 4.66 vs. MLHR: 4.41 )
MLHR' s 10-Year Net-margin (%) Range
Min: -3.81   Max: 7.76
Current: 4.41

-3.81
7.76
ROE (%) 23.60
MLHR's ROE (%) is ranked higher than
96% of the 2048 Companies
in the Global Business Equipment industry.

( Industry Median: 7.65 vs. MLHR: 23.60 )
MLHR' s 10-Year ROE (%) Range
Min: -18.23   Max: 433.12
Current: 23.6

-18.23
433.12
ROA (%) 8.38
MLHR's ROA (%) is ranked higher than
91% of the 2078 Companies
in the Global Business Equipment industry.

( Industry Median: 3.70 vs. MLHR: 8.38 )
MLHR' s 10-Year ROA (%) Range
Min: -6.28   Max: 21.02
Current: 8.38

-6.28
21.02
ROC (Joel Greenblatt) (%) 61.33
MLHR's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 2076 Companies
in the Global Business Equipment industry.

( Industry Median: 12.72 vs. MLHR: 61.33 )
MLHR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -19.4   Max: 118.73
Current: 61.33

-19.4
118.73
Revenue Growth (3Y)(%) 3.70
MLHR's Revenue Growth (3Y)(%) is ranked higher than
69% of the 1796 Companies
in the Global Business Equipment industry.

( Industry Median: 3.60 vs. MLHR: 3.70 )
MLHR' s 10-Year Revenue Growth (3Y)(%) Range
Min: -14   Max: 22.7
Current: 3.7

-14
22.7
EBITDA Growth (3Y)(%) -53.60
MLHR's EBITDA Growth (3Y)(%) is ranked lower than
57% of the 1571 Companies
in the Global Business Equipment industry.

( Industry Median: 3.00 vs. MLHR: -53.60 )
MLHR' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -53.6   Max: 83.6
Current: -53.6

-53.6
83.6
» MLHR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

MLHR Guru Trades in Q1 2014

Columbia Wanger 1,968,000 sh (unchged)
Jim Simons Sold Out
Joel Greenblatt Sold Out
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
James Barrow 1,831,891 sh (-0.54%)
Tom Russo 355,670 sh (-1.03%)
Richard Pzena 625,294 sh (-2.41%)
» More
Q2 2014

MLHR Guru Trades in Q2 2014

John Hussman 10,000 sh (New)
Joel Greenblatt 14,356 sh (New)
Tom Russo 346,886 sh (-2.47%)
James Barrow 1,770,696 sh (-3.34%)
Richard Pzena 601,632 sh (-3.78%)
Columbia Wanger 1,743,000 sh (-11.43%)
» More
Q3 2014

MLHR Guru Trades in Q3 2014

Paul Tudor Jones 15,906 sh (New)
Jim Simons 26,265 sh (New)
Richard Pzena 1,066,328 sh (+77.24%)
Joel Greenblatt Sold Out
John Hussman Sold Out
Tom Russo 345,454 sh (-0.41%)
James Barrow 1,719,906 sh (-2.87%)
Columbia Wanger 945,000 sh (-45.78%)
» More
Q4 2014

MLHR Guru Trades in Q4 2014

Joel Greenblatt 19,522 sh (New)
Jim Simons 136,065 sh (+418.05%)
Columbia Wanger Sold Out
James Barrow 1,667,693 sh (-3.04%)
Tom Russo 333,204 sh (-3.55%)
Paul Tudor Jones 14,793 sh (-7%)
Richard Pzena 525,608 sh (-50.71%)
» More
» Details

Insider Trades

Latest Guru Trades with MLHR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Richard Pzena 2014-12-31 Reduce -50.71%0.09%$28.44 - $32.12 $ 28.91-5%525608
Joel Greenblatt 2014-12-31 New Buy$28.44 - $32.12 $ 28.91-5%19522
Richard Pzena 2014-09-30 Add 77.24%0.07%$28.69 - $31.14 $ 28.91-4%1066328
John Hussman 2014-09-30 Sold Out 0.02%$28.69 - $31.14 $ 28.91-4%0
Joel Greenblatt 2014-09-30 Sold Out 0.01%$28.69 - $31.14 $ 28.91-4%0
John Hussman 2014-06-30 New Buy0.02%$29.46 - $32.43 $ 28.91-7%10000
Joel Greenblatt 2014-06-30 New Buy0.01%$29.46 - $32.43 $ 28.91-7%14356
Joel Greenblatt 2014-03-31 Sold Out 0.04%$26.47 - $31.74 $ 28.911%0
Joel Greenblatt 2013-12-31 Reduce -34.7%0.03%$27.1 - $31.91 $ 28.91-3%51323
Scott Black 2013-06-30 Sold Out 0.14%$23.58 - $28.55 $ 28.9110%0
Joel Greenblatt 2013-06-30 Reduce -52.46%0.12%$23.58 - $28.55 $ 28.9110%74140
Meridian Funds 2013-06-30 Add 8.4%0.12%$23.58 - $28.55 $ 28.9110%1488625
Joel Greenblatt 2012-12-31 Reduce -26.58%0.09%$18.83 - $21.38 $ 28.9144%191560
Meridian Funds 2012-09-30 Reduce -25.51%0.33%$16.93 - $21.73 $ 28.9152%1541725
Richard Pzena 2012-09-30 New Buy0.13%$16.93 - $21.73 $ 28.9152%799385
Scott Black 2012-09-30 New Buy0.12%$16.93 - $21.73 $ 28.9152%40305
John Rogers 2012-06-30 Sold Out 0.3%$16.47 - $22.83 $ 28.9152%0
Joel Greenblatt 2012-06-30 Add 139.99%0.19%$16.47 - $22.83 $ 28.9152%237086
Meridian Funds 2012-06-30 Add 13.05%0.15%$16.47 - $22.83 $ 28.9152%2069725
John Rogers 2012-03-31 Reduce -65.57%0.52%$18.33 - $23.23 $ 28.9145%644824
Joel Greenblatt 2012-03-31 Add 179.13%0.13%$18.33 - $23.23 $ 28.9145%98790
Joel Greenblatt 2011-12-31 Add 34.8%0.02%$16.65 - $23.09 $ 28.9142%35392
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 19.30
MLHR's P/E(ttm) is ranked higher than
74% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 24.50 vs. MLHR: 19.30 )
MLHR' s 10-Year P/E(ttm) Range
Min: 4.31   Max: 49.4
Current: 19.3

4.31
49.4
Forward P/E 10.81
MLHR's Forward P/E is ranked higher than
92% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 45.05 vs. MLHR: 10.81 )
N/A
PE(NRI) 19.70
MLHR's PE(NRI) is ranked higher than
74% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 24.50 vs. MLHR: 19.70 )
MLHR' s 10-Year PE(NRI) Range
Min: 4.31   Max: 49.32
Current: 19.7

4.31
49.32
P/B 4.20
MLHR's P/B is ranked lower than
51% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 1.91 vs. MLHR: 4.20 )
MLHR' s 10-Year P/B Range
Min: 3.86   Max: 113.4
Current: 4.2

3.86
113.4
P/S 0.90
MLHR's P/S is ranked higher than
72% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 1.17 vs. MLHR: 0.90 )
MLHR' s 10-Year P/S Range
Min: 0.25   Max: 1.55
Current: 0.9

0.25
1.55
PFCF 18.10
MLHR's PFCF is ranked higher than
81% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 45.54 vs. MLHR: 18.10 )
MLHR' s 10-Year PFCF Range
Min: 3.77   Max: 74.71
Current: 18.1

3.77
74.71
POCF 12.30
MLHR's POCF is ranked higher than
74% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 16.60 vs. MLHR: 12.30 )
MLHR' s 10-Year POCF Range
Min: 2.97   Max: 37.91
Current: 12.3

2.97
37.91
EV-to-EBIT 12.68
MLHR's EV-to-EBIT is ranked higher than
77% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 17.67 vs. MLHR: 12.68 )
MLHR' s 10-Year EV-to-EBIT Range
Min: -125   Max: 34.5
Current: 12.68

-125
34.5
Shiller P/E 37.40
MLHR's Shiller P/E is ranked higher than
76% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 57.67 vs. MLHR: 37.40 )
MLHR' s 10-Year Shiller P/E Range
Min: 5.56   Max: 50.81
Current: 37.4

5.56
50.81
Current Ratio 1.18
MLHR's Current Ratio is ranked lower than
53% of the 2061 Companies
in the Global Business Equipment industry.

( Industry Median: 1.87 vs. MLHR: 1.18 )
MLHR' s 10-Year Current Ratio Range
Min: 0.87   Max: 2.21
Current: 1.18

0.87
2.21
Quick Ratio 0.85
MLHR's Quick Ratio is ranked higher than
50% of the 2061 Companies
in the Global Business Equipment industry.

( Industry Median: 1.29 vs. MLHR: 0.85 )
MLHR' s 10-Year Quick Ratio Range
Min: 0.73   Max: 1.95
Current: 0.85

0.73
1.95
Days Inventory 28.60
MLHR's Days Inventory is ranked higher than
95% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 103.84 vs. MLHR: 28.60 )
MLHR' s 10-Year Days Inventory Range
Min: 11.84   Max: 31.05
Current: 28.6

11.84
31.05
Days Sales Outstanding 35.91
MLHR's Days Sales Outstanding is ranked higher than
95% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 96.94 vs. MLHR: 35.91 )
MLHR' s 10-Year Days Sales Outstanding Range
Min: 33.34   Max: 55.64
Current: 35.91

33.34
55.64

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.90
MLHR's Dividend Yield is ranked higher than
55% of the 1575 Companies
in the Global Business Equipment industry.

( Industry Median: 1.72 vs. MLHR: 1.90 )
MLHR' s 10-Year Dividend Yield Range
Min: 0.31   Max: 4.25
Current: 1.9

0.31
4.25
Dividend Payout 0.37
MLHR's Dividend Payout is ranked higher than
72% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 0.59 vs. MLHR: 0.37 )
MLHR' s 10-Year Dividend Payout Range
Min: 0.05   Max: 0.9
Current: 0.37

0.05
0.9
Dividend growth (3y) 81.90
MLHR's Dividend growth (3y) is ranked higher than
99% of the 997 Companies
in the Global Business Equipment industry.

( Industry Median: 7.90 vs. MLHR: 81.90 )
MLHR' s 10-Year Dividend growth (3y) Range
Min: -37   Max: 81.9
Current: 81.9

-37
81.9
Yield on cost (5-Year) 5.82
MLHR's Yield on cost (5-Year) is ranked higher than
99% of the 1603 Companies
in the Global Business Equipment industry.

( Industry Median: 2.13 vs. MLHR: 5.82 )
MLHR' s 10-Year Yield on cost (5-Year) Range
Min: 0.95   Max: 13.02
Current: 5.82

0.95
13.02
Share Buyback Rate -0.70
MLHR's Share Buyback Rate is ranked higher than
73% of the 1402 Companies
in the Global Business Equipment industry.

( Industry Median: -0.80 vs. MLHR: -0.70 )
MLHR' s 10-Year Share Buyback Rate Range
Min: 7.3   Max: -2.3
Current: -0.7

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.70
MLHR's Price/DCF (Projected) is ranked higher than
77% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 2.53 vs. MLHR: 1.70 )
MLHR' s 10-Year Price/DCF (Projected) Range
Min: 0.39   Max: 2.9
Current: 1.7

0.39
2.9
Price/Median PS Value 0.90
MLHR's Price/Median PS Value is ranked higher than
82% of the 2199 Companies
in the Global Business Equipment industry.

( Industry Median: 1.23 vs. MLHR: 0.90 )
MLHR' s 10-Year Price/Median PS Value Range
Min: 0.33   Max: 1.84
Current: 0.9

0.33
1.84
Earnings Yield (Greenblatt) 8.10
MLHR's Earnings Yield (Greenblatt) is ranked higher than
75% of the 2067 Companies
in the Global Business Equipment industry.

( Industry Median: 6.10 vs. MLHR: 8.10 )
MLHR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.9   Max: 30.2
Current: 8.1

2.9
30.2
Forward Rate of Return (Yacktman) -21.00
MLHR's Forward Rate of Return (Yacktman) is ranked higher than
52% of the 1274 Companies
in the Global Business Equipment industry.

( Industry Median: 8.29 vs. MLHR: -21.00 )
MLHR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -24.1   Max: 44.4
Current: -21

-24.1
44.4

Analyst Estimate

May16

Business Description

Industry: Industrial Products » Business Equipment
Compare:CAJ, XRX, RICOY, KNCAY, BRTHY » details
Traded in other countries:MHR.Germany,
Herman Miller Inc was incorporated in Michigan in 1905. The Company researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. The Company's products are sold through independent contract office furniture dealers as well as the following channels: owned contract office furniture dealers, direct customer sales, independent retailers, and the company's online store. These systems and products are designed to be used together. The Company also offers a broad array of seating (including Embody, Aeron, Mirra, Setu, Sayl, Celle, Equa, and Ergon office chairs), storage (including Meridian and Tu products), wooden casegoods (including Geiger products), freestanding furniture products (including Abak, Intent, Sense and Envelop) and the recently introduced Thrive portfolio of ergonomic solutions. The Company's products are marketed worldwide by its own sales staff, independent dealers and retailers, its owned dealer network, and via its e-commerce website. Salespersons work with dealers, the architecture and design community, and directly with end-users. Independent dealerships concentrate on the sale of Herman Miller products and some complementary product lines of other manufacturers. It is estimated that approximately 74 percent of the Company's sales in the fiscal year ended June 1, 2013, were made to or through independent dealers. The remaining sales were made directly to end-users, including federal, state, and local governments, and several major corporations, by the Company's own sales staff, its owned dealer network, or independent retailers. The Company's furniture systems, seating, freestanding furniture, storage and casegood products, and related services are used in office/institution environments including offices and related conference, lobby, and lounge areas, and general public areas including transportation terminals; health/science environments including hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. The Company's manufacturing materials are available from a significant number of sources within the United States, Canada, Europe, and Asia. The Company has 137 active United States utility patents on various components used in its products and 33 active United States design patents. Its main competitors are Haworth, HNI Corporation, Kimball International, Knoll, and Steelcase.
» More Articles for MLHR

Headlines

Articles On GuruFocus.com
Herman Miller and Permian Basin Royalty Trust Raise Dividends Dec 24 2013 
Delphi Management - Five Sell Outs Jul 15 2013 
James Barrow Buys VOD, PRSP, MLHR, NOV, OKE, TEVA, TREX, Sells FNF, JCP Feb 11 2011 
Herman Miller Inc. (MLHR) CEO Brian C Walker sells 18,853 Shares Jan 21 2011 
Herman Miller Inc. Reports Operating Results (10-Q) Jan 06 2011 
Meridian Fund Q3 Update; Buys CPWR, EBAY, MDT, MLHR, PPL Nov 10 2010 
Herman Miller Inc. (MLHR) CEO Brian C Walker sells 970 Shares Jun 29 2010 
Herman Miller Inc. Reports Operating Results (10-Q) Jan 06 2010 
Herman Miller Inc. Reports Operating Results (10-Q) Oct 07 2009 
Herman Miller Inc. Reports Operating Results (10-Q) Apr 09 2009 

More From Other Websites
Herman Miller Announces Senior Leadership Promotions and Appointments Mar 02 2015
Herman Miller Announces Preliminary Sales and Orders for the Third Quarter of Fiscal 2015 and... Mar 02 2015
Herman Miller Shifts Management, Cuts Guidance Mar 02 2015
MILLER HERMAN INC Files SEC form 8-K, Results of Operations and Financial Condition, Change in... Mar 02 2015
4:02 pm Herman Miller announces Greg Bylsma named Chief Operating Officer, Herman Miller N. Am.;... Mar 02 2015
Herman Miller Announces Senior Leadership Promotions and Appointments Mar 02 2015
Herman Miller Announces Preliminary Sales and Orders for the Third Quarter of Fiscal 2015 and... Mar 02 2015
Herman Miller to Present at Raymond James 36th Annual Institutional Investors Conference Feb 25 2015
Herman Miller to Present at Raymond James 36th Annual Institutional Investors Conference Feb 25 2015
Herman Miller CEO Brian Walker appointed to UFPI Board of Directors Jan 29 2015
MRP Realty lands first two tenants at former YWCA site in Chinatown Jan 21 2015
Moving Average Crossover Alert: Herman Miller (MLHR) - Tale of the Tape Jan 20 2015
MILLER HERMAN INC Financials Jan 14 2015
10-Q for Herman Miller, Inc. Jan 09 2015
MILLER HERMAN INC Files SEC form 10-Q, Quarterly Report Jan 07 2015
Why sitting will kill you (and what to do about it) Dec 31 2014
Cheniere and Rite Aid are big market movers Dec 18 2014
Herman Miller Swings to Profit Dec 17 2014
Herman Miller Falls 5% After Earnings Release, Outlook Disappoints Dec 17 2014
Herman Miller Reports Strong Sales and Earnings Growth in the Second Quarter of Fiscal Year 2015 Dec 17 2014
Herman Miller posts 2Q profit Dec 17 2014
Herman Miller posts 2Q profit Dec 17 2014
MILLER HERMAN INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Dec 17 2014
Herman Miller Reports Strong Sales and Earnings Growth in the Second Quarter of Fiscal Year 2015 Dec 17 2014
Q2 2015 Herman Miller Inc Earnings Release - After Market Close Dec 17 2014
Herman Miller Earns Eighth Consecutive Perfect Score in 2015 Corporate Equality Index, Reflecting... Nov 24 2014
Herman Miller Announces a New Tool for Learning About a Product's Sustainability Oct 22 2014
MILLER HERMAN INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal... Oct 09 2014
MILLER HERMAN INC Files SEC form 10-Q, Quarterly Report Oct 08 2014
Herman Miller: Perfect Mix of Value and Rising Earnings Estimates? Sep 26 2014
Is Herman Miller (MLHR) Stock a Solid Choice Right Now? Sep 25 2014
Herman Miller Reports Broad-Based Order Growth in the Third Quarter of Fiscal Year 2014 Mar 19 2014
Herman Miller Sells Corporately-Owned Workplace Resource-Montreal to OBI Environments Mar 03 2014

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK