WallStSmart

HNI Corp (HNI)vsMillerKnoll Inc (MLKN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

MillerKnoll Inc generates 6% more annual revenue ($3.80B vs $3.59B). MLKN leads profitability with a 0.3% profit margin vs 0.0%. HNI appears more attractively valued with a PEG of 0.41. HNI earns a higher WallStSmart Score of 58/100 (C).

HNI

Buy

58

out of 100

Grade: C

Growth: 6.0Profit: 4.0Value: 6.0Quality: 5.0

MLKN

Buy

55

out of 100

Grade: C

Growth: 3.3Profit: 5.0Value: 6.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HNIUndervalued (+9.3%)

Margin of Safety

+9.3%

Fair Value

$57.01

Current Price

$33.61

$23.40 discount

UndervaluedFair: $57.01Overvalued
MLKNUndervalued (+62.1%)

Margin of Safety

+62.1%

Fair Value

$60.10

Current Price

$16.32

$43.78 discount

UndervaluedFair: $60.10Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HNI3 strengths · Avg: 10.0/10
PEG RatioValuation
0.4110/10

Growing faster than its price suggests

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
124.7%10/10

Revenue surging 124.7% year-over-year

MLKN2 strengths · Avg: 9.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

PEG RatioValuation
0.658/10

Growing faster than its price suggests

Areas to Watch

HNI4 concerns · Avg: 2.5/10
Return on EquityProfitability
0.1%3/10

ROE of 0.1% — below average capital efficiency

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

P/E RatioValuation
128.5x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-10.2%2/10

Earnings declined 10.2%

MLKN4 concerns · Avg: 2.8/10
Market CapQuality
$1.12B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.1%3/10

ROE of 1.1% — below average capital efficiency

Profit MarginProfitability
0.3%3/10

0.3% margin — thin

P/E RatioValuation
109.2x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : HNI

The strongest argument for HNI centers on PEG Ratio, Price/Book, Revenue Growth. Revenue growth of 124.7% demonstrates continued momentum. PEG of 0.41 suggests the stock is reasonably priced for its growth.

Bull Case : MLKN

The strongest argument for MLKN centers on Price/Book, PEG Ratio. PEG of 0.65 suggests the stock is reasonably priced for its growth.

Bear Case : HNI

The primary concerns for HNI are Return on Equity, Profit Margin, P/E Ratio. A P/E of 128.5x leaves little room for execution misses. Thin 0.0% margins leave little buffer for downturns.

Bear Case : MLKN

The primary concerns for MLKN are Market Cap, Return on Equity, Profit Margin. A P/E of 109.2x leaves little room for execution misses. Thin 0.3% margins leave little buffer for downturns.

Key Dynamics to Monitor

HNI profiles as a hypergrowth stock while MLKN is a value play — different risk/reward profiles.

MLKN carries more volatility with a beta of 1.41 — expect wider price swings.

HNI is growing revenue faster at 124.7% — sustainability is the question.

MLKN generates stronger free cash flow (39M), providing more financial flexibility.

Bottom Line

HNI scores higher overall (58/100 vs 55/100) and 124.7% revenue growth. MLKN offers better value entry with a 62.1% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

HNI Corp

CONSUMER CYCLICAL · FURNISHINGS, FIXTURES & APPLIANCES · USA

HNI Corporation manufactures and sells workplace furniture and residential construction products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore. The company is headquartered in Muscatine, Iowa.

MillerKnoll Inc

CONSUMER CYCLICAL · FURNISHINGS, FIXTURES & APPLIANCES · USA

MillerKnoll Inc. is a leading innovator in the furniture design and manufacturing sector, renowned for its diverse portfolio that includes prestigious brands catering to both commercial and residential markets. The company's commitment to sustainability and its emphasis on design-driven solutions position it strategically to address the evolving needs of modern workspaces and living environments. By leveraging trends in collaborative design and environmental responsibility, MillerKnoll is well-equipped to facilitate continued growth and deliver substantial long-term value for its investors and stakeholders.

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