Discounted Cash Flow

Millerknoll, Inc.

MLKN · Based on 10 years of SEC filings · Converted from GBP to USD

⚠ Cash flow predictability 50/100 (moderate) — FCF YoY std dev 66%, net income 82% (full history)

DCF estimate unavailable — loss_in_2025

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $3.1b $184.8m $169.4m 6.0% $2.28
2017 $3.1b (0.6%) $167.5m (-9.4%) $155.2m (-8.4%) 5.4% (-9.9%) $2.07 (-9.2%)
2018 $3.2b (4.5%) $173.2m (3.4%) $129.7m (-16.5%) 5.4% (-1.1%) $2.15 (3.9%)
2019 $3.5b (7.8%) $217.0m (25.3%) $176.6m (36.2%) 6.3% (16.2%) $2.72 (26.5%)
2020 $3.4b (-3.1%) $-12.3m (-105.7%) $206.6m (17.0%) -0.4% (-105.9%) $-0.15 (-105.5%)
2021 $3.3b (-0.9%) $234.0m (2002.2%) $368.4m (78.3%) 7.0% (2018.8%) $2.94 (2060.0%)
2022 $5.3b (60.1%) $-36.6m (-115.7%) $-144.1m (-139.1%) -0.7% (-109.8%) $-0.37 (-112.6%)
2023 $5.5b (3.6%) $56.9m (255.4%) $107.6m (174.7%) 1.0% (250.0%) $0.56 (251.4%)
2024 $4.9b (-11.2%) $111.3m (95.5%) $370.3m (244.1%) 2.3% (120.2%) $1.12 (100.0%)
2025 $5.0b (1.1%) $-49.9m (-144.8%) $137.5m (-62.9%) -1.0% (-144.3%) $-0.54 (-148.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in GBP. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2025

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.