Alliance Laundry Holdings Inc. (ALH) vs MillerKnoll, Inc. (MLKN)

Alliance Laundry Holdings Inc. and MillerKnoll, Inc. are both Furnishings Fixtures & Appliances companies. Alliance Laundry Holdings Inc. is the larger, with a market value of $4.3B against $1.4B — 3.1× the size. MillerKnoll, Inc. trades at the lower P/E: 14.0× against 23.3×. Alliance Laundry Holdings Inc. has the higher net margin (10.1% vs 2.57%) and the higher return on invested capital (10.6% vs 4.96%). Across the 19 metrics below, MillerKnoll, Inc. leads on 13 and Alliance Laundry Holdings Inc. on 6.

Valuation

Metric ALH MLKN Furnishings Fixtures & Appliances median
P/E 23.26 14.04 14.03
P/S 2.44 0.36 0.52
P/B 8.64 1.04 1.06
Price to free cash flow 16.91 12.33 9.86
EV/EBITDA 13.22 7.19 7.67
EV/Sales 3.29 0.66 0.67
Earnings yield 4.30% 7.12% 3.50%
Free cash flow yield 5.91% 8.11% 7.55%

Profitability

Metric ALH MLKN Furnishings Fixtures & Appliances median
Gross margin 37.72% 39.53% 37.53%
Operating margin 19.06% 5.16% 2.03%
Net margin 10.08% 2.57% 1.65%
Free cash flow margin 14.45% 6.29% 3.92%
Return on equity 158.98% 0.00% 5.51%
Return on assets 12.15% 2.46% 1.69%
Return on invested capital 10.55% 4.96% 3.55%

Growth

Metric ALH MLKN Furnishings Fixtures & Appliances median
Revenue growth (TTM) — 1.20% 1.14%
EPS growth (last fiscal year) (0.71%) 344.44% —
Revenue growth, 5-year CAGR — 9.28% 0.64%
Net income growth, 5-year CAGR — (12.12%) 0.00%

Health

Metric ALH MLKN Furnishings Fixtures & Appliances median
Debt to equity 3.35 0.96 0.17
Current ratio 1.43 1.65 1.97
Net debt to EBITDA 3.86 3.20 0.06

Dividend

Metric ALH MLKN Furnishings Fixtures & Appliances median
Dividend yield — 2.75% 2.20%
Payout ratio — 1.74 0.09

Size

Metric ALH MLKN Furnishings Fixtures & Appliances median
Market cap 4.25b 1.37b 212.02m

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