La-Z-Boy Incorporated (LZB) vs MillerKnoll, Inc. (MLKN)

La-Z-Boy Incorporated and MillerKnoll, Inc. are both Furnishings Fixtures & Appliances companies. MillerKnoll, Inc. is the larger, with a market value of $1.4B against $1.2B — 1.1× the size. MillerKnoll, Inc. trades at the lower P/E: 14.0× against 15.0×. MillerKnoll, Inc. grew revenue faster over the last twelve months: 1.20% against 0.20%. La-Z-Boy Incorporated has the higher net margin (3.86% vs 2.57%) and the higher return on invested capital (8.66% vs 4.96%). Both pay a dividend; MillerKnoll, Inc. yields more (2.75% vs 2.02%). Across the 23 metrics below, La-Z-Boy Incorporated leads on 13 and MillerKnoll, Inc. on 10.

Valuation

Metric LZB MLKN Furnishings Fixtures & Appliances median
P/E 15.02 14.04 14.03
P/S 0.57 0.36 0.52
P/B 1.17 1.04 1.06
Price to free cash flow 8.80 12.33 9.86
EV/EBITDA 5.40 7.19 7.67
EV/Sales 0.67 0.66 0.67
Earnings yield 6.66% 7.12% 3.50%
Free cash flow yield 11.36% 8.11% 7.55%

Profitability

Metric LZB MLKN Furnishings Fixtures & Appliances median
Gross margin 44.36% 39.53% 37.53%
Operating margin 4.98% 5.16% 2.03%
Net margin 3.86% 2.57% 1.65%
Free cash flow margin 6.43% 6.29% 3.92%
Return on equity 7.94% 0.00% 5.51%
Return on assets 4.16% 2.46% 1.69%
Return on invested capital 8.66% 4.96% 3.55%

Growth

Metric LZB MLKN Furnishings Fixtures & Appliances median
Revenue growth (TTM) 0.20% 1.20% 1.14%
EPS growth (last fiscal year) 5.11% 344.44% —
Revenue growth, 5-year CAGR 4.16% 9.28% 0.64%
Net income growth, 5-year CAGR (0.86%) (12.12%) 0.00%

Health

Metric LZB MLKN Furnishings Fixtures & Appliances median
Debt to equity 0.00 0.96 0.17
Current ratio 1.66 1.65 1.97
Net debt to EBITDA (1.08) 3.20 0.06

Dividend

Metric LZB MLKN Furnishings Fixtures & Appliances median
Dividend yield 2.02% 2.75% 2.20%
Payout ratio 0.22 1.74 0.09

Size

Metric LZB MLKN Furnishings Fixtures & Appliances median
Market cap 1.20b 1.37b 212.02m

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