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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 0.21
MLHR's Cash to Debt is ranked higher than
50% of the 2458 Companies
in the Global Business Equipment industry.

( Industry Median: 0.73 vs. MLHR: 0.21 )
MLHR' s 10-Year Cash to Debt Range
Min: 0.12   Max: 0.98
Current: 0.21

0.12
0.98
Equity to Asset 0.36
MLHR's Equity to Asset is ranked higher than
50% of the 2423 Companies
in the Global Business Equipment industry.

( Industry Median: 0.49 vs. MLHR: 0.36 )
MLHR' s 10-Year Equity to Asset Range
Min: 0   Max: 0.47
Current: 0.36

0
0.47
F-Score: 7
Z-Score: 3.97
M-Score: -2.65
WACC vs ROIC
11.01%
16.96%
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 (%) 7.34
MLHR's Operating margin (%) is ranked higher than
74% of the 2463 Companies
in the Global Business Equipment industry.

( Industry Median: 6.25 vs. MLHR: 7.34 )
MLHR' s 10-Year Operating margin (%) Range
Min: -5.44   Max: 12.27
Current: 7.34

-5.44
12.27
Net-margin (%) 4.36
MLHR's Net-margin (%) is ranked higher than
68% of the 2463 Companies
in the Global Business Equipment industry.

( Industry Median: 4.44 vs. MLHR: 4.36 )
MLHR' s 10-Year Net-margin (%) Range
Min: -3.81   Max: 7.76
Current: 4.36

-3.81
7.76
ROE (%) 23.09
MLHR's ROE (%) is ranked higher than
95% of the 2430 Companies
in the Global Business Equipment industry.

( Industry Median: 7.84 vs. MLHR: 23.09 )
MLHR' s 10-Year ROE (%) Range
Min: -18.23   Max: 433.12
Current: 23.09

-18.23
433.12
ROA (%) 8.17
MLHR's ROA (%) is ranked higher than
89% of the 2479 Companies
in the Global Business Equipment industry.

( Industry Median: 3.67 vs. MLHR: 8.17 )
MLHR' s 10-Year ROA (%) Range
Min: -6.28   Max: 21.02
Current: 8.17

-6.28
21.02
ROC (Joel Greenblatt) (%) 58.42
MLHR's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 2473 Companies
in the Global Business Equipment industry.

( Industry Median: 12.33 vs. MLHR: 58.42 )
MLHR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -19.4   Max: 118.73
Current: 58.42

-19.4
118.73
Revenue Growth (3Y)(%) 3.70
MLHR's Revenue Growth (3Y)(%) is ranked higher than
70% of the 2103 Companies
in the Global Business Equipment industry.

( Industry Median: 3.00 vs. MLHR: 3.70 )
MLHR' s 10-Year Revenue Growth (3Y)(%) Range
Min: -14   Max: 18.7
Current: 3.7

-14
18.7
EBITDA Growth (3Y)(%) -53.60
MLHR's EBITDA Growth (3Y)(%) is ranked lower than
59% of the 1844 Companies
in the Global Business Equipment industry.

( Industry Median: 2.30 vs. MLHR: -53.60 )
MLHR' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -53.6   Max: 66.6
Current: -53.6

-53.6
66.6
» 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)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Jim Simons Sold Out
Joel Greenblatt 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

Jim Simons 26,265 sh (New)
Paul Tudor Jones 15,906 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 (-7.00%)
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%)

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Ratios

vs
industry
vs
history
P/E(ttm) 18.20
MLHR's P/E(ttm) is ranked higher than
78% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 28.60 vs. MLHR: 18.20 )
MLHR' s 10-Year P/E(ttm) Range
Min: 4.31   Max: 49.4
Current: 18.2

4.31
49.4
Forward P/E 9.51
MLHR's Forward P/E is ranked higher than
95% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: 9.51 )
N/A
PE(NRI) 18.50
MLHR's PE(NRI) is ranked higher than
79% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 28.40 vs. MLHR: 18.50 )
MLHR' s 10-Year PE(NRI) Range
Min: 4.31   Max: 49.32
Current: 18.5

4.31
49.32
P/B 3.90
MLHR's P/B is ranked lower than
53% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 2.20 vs. MLHR: 3.90 )
MLHR' s 10-Year P/B Range
Min: 3.85   Max: 113.4
Current: 3.9

3.85
113.4
P/S 0.80
MLHR's P/S is ranked higher than
69% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 1.20 vs. MLHR: 0.80 )
MLHR' s 10-Year P/S Range
Min: 0.25   Max: 1.55
Current: 0.8

0.25
1.55
PFCF 16.90
MLHR's PFCF is ranked higher than
82% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 108.39 vs. MLHR: 16.90 )
MLHR' s 10-Year PFCF Range
Min: 3.77   Max: 74.71
Current: 16.9

3.77
74.71
POCF 11.20
MLHR's POCF is ranked higher than
79% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 19.72 vs. MLHR: 11.20 )
MLHR' s 10-Year POCF Range
Min: 2.97   Max: 37.91
Current: 11.2

2.97
37.91
EV-to-EBIT 12.53
MLHR's EV-to-EBIT is ranked higher than
82% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 19.91 vs. MLHR: 12.53 )
MLHR' s 10-Year EV-to-EBIT Range
Min: -125   Max: 34.5
Current: 12.53

-125
34.5
Shiller P/E 32.10
MLHR's Shiller P/E is ranked higher than
84% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. MLHR: 32.10 )
MLHR' s 10-Year Shiller P/E Range
Min: 5.56   Max: 50.81
Current: 32.1

5.56
50.81
Current Ratio 1.41
MLHR's Current Ratio is ranked higher than
55% of the 2452 Companies
in the Global Business Equipment industry.

( Industry Median: 1.79 vs. MLHR: 1.41 )
MLHR' s 10-Year Current Ratio Range
Min: 0.87   Max: 2.21
Current: 1.41

0.87
2.21
Quick Ratio 1.02
MLHR's Quick Ratio is ranked higher than
58% of the 2452 Companies
in the Global Business Equipment industry.

( Industry Median: 1.25 vs. MLHR: 1.02 )
MLHR' s 10-Year Quick Ratio Range
Min: 0.73   Max: 1.95
Current: 1.02

0.73
1.95
Days Inventory 30.50
MLHR's Days Inventory is ranked higher than
94% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 108.23 vs. MLHR: 30.50 )
MLHR' s 10-Year Days Inventory Range
Min: 11.84   Max: 23.88
Current: 30.5

11.84
23.88
Days Sales Outstanding 32.44
MLHR's Days Sales Outstanding is ranked higher than
95% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 89.55 vs. MLHR: 32.44 )
MLHR' s 10-Year Days Sales Outstanding Range
Min: 33.34   Max: 48.36
Current: 32.44

33.34
48.36

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.00
MLHR's Dividend Yield is ranked higher than
60% of the 1835 Companies
in the Global Business Equipment industry.

( Industry Median: 1.73 vs. MLHR: 2.00 )
MLHR' s 10-Year Dividend Yield Range
Min: 0.31   Max: 4.25
Current: 2

0.31
4.25
Dividend Payout 0.37
MLHR's Dividend Payout is ranked higher than
76% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.71 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
100% of the 1156 Companies
in the Global Business Equipment industry.

( Industry Median: 6.30 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) 6.13
MLHR's Yield on cost (5-Year) is ranked higher than
93% of the 1865 Companies
in the Global Business Equipment industry.

( Industry Median: 1.95 vs. MLHR: 6.13 )
MLHR' s 10-Year Yield on cost (5-Year) Range
Min: 0.95   Max: 13.02
Current: 6.13

0.95
13.02
Share Buyback Rate -0.70
MLHR's Share Buyback Rate is ranked higher than
70% of the 1487 Companies
in the Global Business Equipment industry.

( Industry Median: -0.70 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) 1.60
MLHR's Price/DCF (Projected) is ranked higher than
78% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 7.40 vs. MLHR: 1.60 )
MLHR' s 10-Year Price/DCF (Projected) Range
Min: 0.39   Max: 2.9
Current: 1.6

0.39
2.9
Price/Median PS Value 0.90
MLHR's Price/Median PS Value is ranked higher than
87% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 1.30 vs. MLHR: 0.90 )
MLHR' s 10-Year Price/Median PS Value Range
Min: 0.33   Max: 1.86
Current: 0.9

0.33
1.86
Earnings Yield (Greenblatt) 8.10
MLHR's Earnings Yield (Greenblatt) is ranked higher than
80% of the 2440 Companies
in the Global Business Equipment industry.

( Industry Median: 5.70 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) -17.05
MLHR's Forward Rate of Return (Yacktman) is ranked higher than
53% of the 1251 Companies
in the Global Business Equipment industry.

( Industry Median: 6.23 vs. MLHR: -17.05 )
MLHR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -24.1   Max: 44.4
Current: -17.05

-24.1
44.4

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

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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 

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