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27.74 (1y: +46%)
Market Cap 1.63 B P/E(ttm) 28.70
Enterprise Value 1.67 B P/B 6.53
MLHR- NAS (USA)
Herman Miller, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$27.74
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GuruFocus Financial Strength Rank measures how strong a companyย’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 0.727
MLHR's Cash to Debt is ranked lower than
66% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 1.83 vs. MLHR: 0.727 )
MLHR' s 10-Year Cash to Debt Range
Min: 0.38   Max: 0.97
Current: 0.73
0.38
0.97
Equity to Asset 0.297
MLHR's Equity to Asset is ranked lower than
93% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.54 vs. MLHR: 0.297 )
MLHR' s 10-Year Equity to Asset Range
Min: -0.1   Max: 0.35
Current: 0.3
-0.1
0.35
F-Score: 7
Z-Score: 4.31
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 : 5/10

vs
industry		 vs
history
Operating margin (%) 8.00
MLHR's Operating margin (%) is ranked higher than
63% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 5.80 vs. MLHR: 8.00 )
MLHR' s 10-Year Operating margin (%) Range
Min: -5.4   Max: 12.7
Current: 8
-5.4
12.7
Net-margin (%) 4.4
MLHR's Net-margin (%) is ranked higher than
55% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 3.90 vs. MLHR: 4.4 )
MLHR' s 10-Year Net-margin (%) Range
Min: -3.8   Max: 8
Current: 4.4
-3.8
8
ROE (%) 30.3
MLHR's ROE (%) is ranked higher than
98% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 5.70 vs. MLHR: 30.3 )
MLHR' s 10-Year ROE (%) Range
Min: -21.3   Max: 850
Current: 30.3
-21.3
850
ROA (%) 9
MLHR's ROA (%) is ranked higher than
88% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 3.20 vs. MLHR: 9 )
MLHR' s 10-Year ROA (%) Range
Min: -7.1   Max: 19.4
Current: 9
-7.1
19.4
ROC (Joel Greenblatt) (%) 77.50
MLHR's ROC (Joel Greenblatt) (%) is ranked higher than
97% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 11.20 vs. MLHR: 77.50 )
MLHR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -21.3   Max: 118.6
Current: 77.5
-21.3
118.6
Revenue Growth (%) -0.3
MLHR's Revenue Growth (%) is ranked lower than
80% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: -0.3 )
MLHR' s 10-Year Revenue Growth (%) Range
Min: -10.7   Max: 12.7
Current: -0.3
-10.7
12.7
EBITDA Growth (%) -6.1
MLHR's EBITDA Growth (%) is ranked lower than
78% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: -6.1 )
MLHR' s 10-Year EBITDA Growth (%) Range
Min: -40.2   Max: 53.4
Current: -6.1
-40.2
53.4
EPS Growth (%) 0.8
MLHR's EPS Growth (%) is ranked higher than
78% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: 0.8 )
MLHR' s 10-Year EPS Growth (%) Range
Min: -35   Max: 47.1
Current: 0.8
-35
47.1
ยป MLHR's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

MLHR Guru Trades in Q2 2012

Paul Tudor Jones 24,400 sh (New)
Joel Greenblatt 237,086 sh (+139.99%)
Jim Simons 308,665 sh (+77.53%)
Meridian Funds 2,069,725 sh (+13.05%)
Columbia Wanger 2,757,400 sh (unchged)
John Rogers Sold Out
Tom Russo 422,586 sh (-0.7%)
James Barrow 1,998,755 sh (-1.94%)
» More
Q3 2012

MLHR Guru Trades in Q3 2012

Richard Pzena 799,385 sh (New)
Scott Black 40,305 sh (New)
Jim Simons 362,265 sh (+17.37%)
Joel Greenblatt 260,901 sh (+10.04%)
Columbia Wanger 2,820,000 sh (+2.27%)
James Barrow 1,977,055 sh (-1.09%)
Tom Russo 412,750 sh (-2.33%)
Meridian Funds 1,541,725 sh (-25.51%)
Paul Tudor Jones 11,800 sh (-51.64%)
» More
Q4 2012

MLHR Guru Trades in Q4 2012

Richard Pzena 942,267 sh (+17.87%)
Scott Black 47,134 sh (+16.94%)
Paul Tudor Jones Sold Out
James Barrow 1,953,590 sh (-1.19%)
Tom Russo 399,440 sh (-3.22%)
Meridian Funds 1,463,325 sh (-5.09%)
Columbia Wanger 2,635,000 sh (-6.56%)
Joel Greenblatt 191,560 sh (-26.58%)
Jim Simons 184,165 sh (-49.16%)
» More
Q1 2013

MLHR Guru Trades in Q1 2013

Richard Pzena 944,793 sh (+0.27%)
Jim Simons Sold Out
James Barrow 1,921,990 sh (-1.62%)
Tom Russo 390,540 sh (-2.23%)
Columbia Wanger 2,530,000 sh (-3.98%)
Meridian Funds 1,373,325 sh (-6.15%)
Joel Greenblatt 155,965 sh (-18.58%)
Scott Black 38,327 sh (-18.69%)
» More
» Details

Insider Trades

Latest Guru Trades with MLHR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-12-31 Reduce -26.58%0.09%$18.83 - $21.38 $ 27.7438%191560
Meridian Funds 2012-09-30 Reduce -25.51%0.33%$16.93 - $21.73 $ 27.7446%1541725
Scott Black 2012-09-30 New Buy0.12%$16.93 - $21.73 $ 27.7446%40305
Joel Greenblatt 2012-06-30 Add 139.99%0.19%$16.47 - $22.83 $ 27.7445%237086
Meridian Funds 2012-06-30 Add 13.05%0.15%$16.47 - $22.83 $ 27.7445%2069725
Joel Greenblatt 2012-03-31 Add 179.13%0.13%$18.33 - $23.23 $ 27.7439%98790
Joel Greenblatt 2011-12-31 Add 34.8%0.02%$16.65 - $23.09 $ 27.7436%35392
Joel Greenblatt 2011-09-30 New Buy0.08%$16.07 - $28.67 $ 27.7431%26256
Meridian Funds 2011-06-30 Add 9.01%0.11%$21.15 - $27.77 $ 27.7412%1658200
Meridian Funds 2011-03-31 Add 10.36%0.12%$23.56 - $27.35 $ 27.748%1521100
James Barrow 2011-03-31 Add 59.53%0.03%$23.56 - $27.35 $ 27.748%1648435
Meridian Funds 2010-12-31 Add 138.67%0.68%$18.99 - $26.05 $ 27.7428%1378285
James Barrow 2010-12-31 New Buy0.06%$18.99 - $26.05 $ 27.7428%1033300
Meridian Funds 2010-09-30 New Buy0.46%$16.39 - $19.54 $ 27.7454%577475
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 28.70
MLHR's P/E(ttm) is ranked lower than
69% of the 1039 Companies
in the Global Business Equipment industry.

( Industry Median: 19.40 vs. MLHR: 28.70 )
MLHR' s 10-Year P/E(ttm) Range
Min: 4.31   Max: 204.75
Current: 28.7
4.31
204.75
P/B 6.53
MLHR's P/B is ranked lower than
97% of the 1249 Companies
in the Global Business Equipment industry.

( Industry Median: 1.26 vs. MLHR: 6.53 )
MLHR' s 10-Year P/B Range
Min: 3.89   Max: 113.4
Current: 6.53
3.89
113.4
P/S 0.94
MLHR's P/S is ranked lower than
52% of the 1266 Companies
in the Global Business Equipment industry.

( Industry Median: 0.85 vs. MLHR: 0.94 )
MLHR' s 10-Year P/S Range
Min: 0.25   Max: 1.69
Current: 0.94
0.25
1.69
PFCF 19.13
MLHR's PFCF is ranked lower than
82% of the 815 Companies
in the Global Business Equipment industry.

( Industry Median: 16.95 vs. MLHR: 19.13 )
MLHR' s 10-Year PFCF Range
Min: 3.75   Max: 2522
Current: 19.13
3.75
2522
EV-to-EBIT 15.31
MLHR's EV-to-EBIT is ranked lower than
56% of the 1047 Companies
in the Global Business Equipment industry.

( Industry Median: 13.47 vs. MLHR: 15.31 )
MLHR' s 10-Year EV-to-EBIT Range
Min: 3.3   Max: 292.6
Current: 15.31
3.3
292.6
Shiller P/E 18.98
MLHR's Shiller P/E is ranked lower than
100% of the Companies
in the Global Business Equipment industry.

( Industry Median: vs. MLHR: 18.98 )
MLHR' s 10-Year Shiller P/E Range
Min: 5.56   Max: 52.82
Current: 18.98
5.56
52.82

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.18
MLHR's Dividend Yield is ranked higher than
53% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 1.10 vs. MLHR: 1.18 )
MLHR' s 10-Year Dividend Yield Range
Min: 0.31   Max: 4.25
Current: 1.18
0.31
4.25
Dividend Payout 0.1
MLHR's Dividend Payout is ranked higher than
51% of the 715 Companies
in the Global Business Equipment industry.

( Industry Median: 0.35 vs. MLHR: 0.1 )
MLHR' s 10-Year Dividend Payout Range
Min: 0.07   Max: 0.47
Current: 0.1
0.07
0.47
Dividend growth (3y) -25.5
MLHR's Dividend growth (3y) is ranked lower than
97% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: -25.5 )
MLHR' s 10-Year Dividend growth (3y) Range
Min: -29.3   Max: 20.4
Current: -25.5
-29.3
20.4
Yield on cost (5-Year) 0.17
MLHR's Yield on cost (5-Year) is ranked lower than
66% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 1.10 vs. MLHR: 0.17 )
MLHR' s 10-Year Yield on cost (5-Year) Range
Min: 0.04   Max: 0.59
Current: 0.17
0.04
0.59
Share Buyback Rate -1.8
MLHR's Share Buyback Rate is ranked lower than
75% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: -1.8 )
MLHR' s 10-Year Share Buyback Rate Range
Min: 5.5   Max: -1.8
Current: -1.8

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 11.4
MLHR's Price/Net Current Asset Value is ranked lower than
78% of the 1168 Companies
in the Global Business Equipment industry.

( Industry Median: 4.80 vs. MLHR: 11.4 )
MLHR' s 10-Year Price/Net Current Asset Value Range
Min: 6.5   Max: 14.7
Current: 11.4
6.5
14.7
Price/Tangible Book 6.5
MLHR's Price/Tangible Book is ranked lower than
99% of the 1191 Companies
in the Global Business Equipment industry.

( Industry Median: 1.40 vs. MLHR: 6.5 )
MLHR' s 10-Year Price/Tangible Book Range
Min: 4.3   Max: 30.6
Current: 6.5
4.3
30.6
Price/DCF (Projected) 1.5
MLHR's Price/DCF (Projected) is ranked lower than
69% of the 318 Companies
in the Global Business Equipment industry.

( Industry Median: 1.30 vs. MLHR: 1.5 )
MLHR' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 2.5
Current: 1.5
0.7
2.5
Price/Median PS Value 1.1
MLHR's Price/Median PS Value is ranked higher than
67% of the 1216 Companies
in the Global Business Equipment industry.

( Industry Median: 1.10 vs. MLHR: 1.1 )
MLHR' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.4
Current: 1.1
0.5
1.4
Price/Graham Number 2.6
MLHR's Price/Graham Number is ranked lower than
98% of the 987 Companies
in the Global Business Equipment industry.

( Industry Median: 1.20 vs. MLHR: 2.6 )
MLHR' s 10-Year Price/Graham Number Range
Min: 1.7   Max: 5.3
Current: 2.6
1.7
5.3
Earnings Yield (Greenblatt) 6.50
MLHR's Earnings Yield (Greenblatt) is ranked higher than
54% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 6.00 vs. MLHR: 6.50 )
MLHR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 30.4
Current: 6.5
0.3
30.4
Forward Rate of Return (Yacktman) -7.5
MLHR's Forward Rate of Return (Yacktman) is ranked lower than
87% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: -7.5 )
MLHR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -36.1   Max: 81.7
Current: -7.5
-36.1
81.7

Business Description

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 mainly to or through independent contract office furniture dealers. The Company's main business consists of the research, design, manufacture, and distribution of office furniture systems, seating, products, and related services. Most of 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 78 percent of the Company's sales in the fiscal year ended June 2, 2012, 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 108 active United States utility patents on various components used in its products and 49 active United States design patents. Its main competitors are Haworth, HNI Corporation, Kimball International, Knoll, and Steelcase.
Company Website
SEC Reports
Industry: Business Equipment
Compare:CAJ, XRX, RICOY, KNCAY, BRTHY
ยป More Articles for MLHR

Headlines

Articles On GuruFocus.com
Tom Russo Keeps Buying PM, BRK.A, WFC, MA, UN, MO and Keeps Selling CMCSK, WPO, MLHR, CR, MKL Oct 20 2011 
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 
John Rogers Buys Viacom Inc., Lazard Ltd, Morgan Stanley, Sells Pitney Bowes Inc., American Express Nov 20 2009 
Herman Miller Inc. Reports Operating Results (10-Q) Oct 07 2009 
Herman Miller Inc. Reports Operating Results (10-Q) Apr 09 2009 

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