MillerKnoll, Inc. (MLKN) vs XMax Inc. (XMAX)

MillerKnoll, Inc. and XMax Inc. are both Furnishings Fixtures & Appliances companies. MillerKnoll, Inc. is the larger, with a market value of $1.4B against $567.7M — 2.4× the size. MillerKnoll, Inc. trades at the lower P/E: 14.0× against 20.1×. XMax Inc. grew revenue faster over the last twelve months: 63.5% against 1.20%. XMax Inc. has the higher net margin (185.9% vs 2.57%) and the lower return on invested capital (−2.67% vs 4.96%). Across the 20 metrics below, MillerKnoll, Inc. leads on 12 and XMax Inc. on 8.

Valuation

Metric MLKN XMAX Furnishings Fixtures & Appliances median
P/E 14.04 20.06 14.03
P/S 0.36 33.11 0.52
P/B 1.04 5.00 1.06
Price to free cash flow 12.33 n/m 9.86
EV/EBITDA 7.19 n/m 7.67
EV/Sales 0.66 31.28 0.67
Earnings yield 7.12% 4.99% 3.50%
Free cash flow yield 8.11% (2.24%) 7.55%

Profitability

Metric MLKN XMAX Furnishings Fixtures & Appliances median
Gross margin 39.53% 22.86% 37.53%
Operating margin 5.16% (20.51%) 2.03%
Net margin 2.57% 185.87% 1.65%
Free cash flow margin 6.29% (28.07%) 3.92%
Return on equity 0.00% 52.87% 5.51%
Return on assets 2.46% 44.95% 1.69%
Return on invested capital 4.96% (2.67%) 3.55%

Growth

Metric MLKN XMAX Furnishings Fixtures & Appliances median
Revenue growth (TTM) 1.20% 63.54% 1.14%
EPS growth (last fiscal year) 344.44% 88.51% —
Revenue growth, 5-year CAGR 9.28% 8.06% 0.64%
Net income growth, 5-year CAGR (12.12%) 0.00% 0.00%

Health

Metric MLKN XMAX Furnishings Fixtures & Appliances median
Debt to equity 0.96 0.05 0.17
Current ratio 1.65 28.80 1.97
Net debt to EBITDA 3.20 1.82 0.06

Dividend

Metric MLKN XMAX Furnishings Fixtures & Appliances median
Dividend yield 2.75% — 2.20%
Payout ratio 1.74 0.00 0.09

Size

Metric MLKN XMAX Furnishings Fixtures & Appliances median
Market cap 1.37b 567.66m 212.02m

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