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Herman Miller, Inc is a furnishings, fixtures & appliances business based in the US. Herman Miller shares (MLHR) are listed on the NASDAQ and all prices are listed in US Dollars. Herman Miller employs 7,500 staff and has a trailing 12-month revenue of around USD$2.4 billion.
|52-week range||USD$14.3206 - USD$39.35|
|50-day moving average||USD$36.433|
|200-day moving average||USD$32.8227|
|Wall St. target price||USD$47|
|Dividend yield||USD$0.398 (1.03%)|
|Earnings per share (TTM)||USD$0.267|
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Valuing Herman Miller stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Herman Miller's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Herman Miller's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 133x. In other words, Herman Miller shares trade at around 133x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Herman Miller's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.31. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Herman Miller's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Herman Miller's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$312.6 million.
The EBITDA is a measure of a Herman Miller's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.4 billion|
|Operating margin TTM||9.51%|
|Gross profit TTM||USD$910.7 million|
|Return on assets TTM||7.29%|
|Return on equity TTM||-1.74%|
|Market capitalisation||USD$2.3 billion|
TTM: trailing 12 months
There are currently 1.8 million Herman Miller shares held short by investors – that's known as Herman Miller's "short interest". This figure is 1.9% up from 1.8 million last month.
There are a few different ways that this level of interest in shorting Herman Miller shares can be evaluated.
Herman Miller's "short interest ratio" (SIR) is the quantity of Herman Miller shares currently shorted divided by the average quantity of Herman Miller shares traded daily (recently around 576551.59235669). Herman Miller's SIR currently stands at 3.14. In other words for every 100,000 Herman Miller shares traded daily on the market, roughly 3140 shares are currently held short.
However Herman Miller's short interest can also be evaluated against the total number of Herman Miller shares, or, against the total number of tradable Herman Miller shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Herman Miller's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Herman Miller shares in existence, roughly 30 shares are currently held short) or 0.0349% of the tradable shares (for every 100,000 tradable Herman Miller shares, roughly 35 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Herman Miller.
Find out more about how you can short Herman Miller stock.
Dividend payout ratio: 25.92% of net profits
Recently Herman Miller has paid out, on average, around 25.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.95% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Herman Miller shareholders could enjoy a 1.95% return on their shares, in the form of dividend payments. In Herman Miller's case, that would currently equate to about $0.398 per share.
While Herman Miller's payout ratio might seem fairly standard, it's worth remembering that Herman Miller may be investing much of the rest of its net profits in future growth.
Herman Miller's most recent dividend payout was on 15 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 25 February 2021 (the "ex-dividend date").
Herman Miller's shares were split on a 2:1 basis on 17 March 1998. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Herman Miller shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Herman Miller shares which in turn could have impacted Herman Miller's share price.
Over the last 12 months, Herman Miller's shares have ranged in value from as little as $14.3206 up to $39.35. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Herman Miller's is 1.4013. This would suggest that Herman Miller's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services worldwide. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, and Resolve names. It also provides storage products under the Meridian and Tu names; wood case goods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names; Thrive portfolio of ergonomic solutions, ergonomic, and technology support products under the Colebrook Bosson Saunders name; and textiles under the Maharam name, as well as Live Platform system of cloud-connected furnishings, applications, and dashboards. In addition, the company offers products for residential settings under the Eames, Eames Soft Pad, HAY, Nelson, Bubble Lamps, Airia, Ardea, Bumper, Burdick Group, Everywhere, Claw, Caper, Distil, Envelope, Formwork, Full Round, H Frame, I Beam, Landmark, Logic Mini, Logic Power Access Solutions, Renew, Rolled Arm, Scissor, Sled, Soft Pad, Swoop, Tone, Twist, Ward Bennett, and Wireframe names. Its products are used in offices and related conference, lobby, and lounge areas; transportation terminals; hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. The company markets its products through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through e-commerce Website. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.
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