Herman Miller Current Valuation vs. Return On Asset
| MHR Stock | EUR 24.00 0.60 2.56% |
For Herman Miller profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Herman Miller to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Herman Miller utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Herman Miller's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Herman Miller over time as well as its relative position and ranking within its peers.
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Herman Miller Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Herman Miller's current stock value. Our valuation model uses many indicators to compare Herman Miller value to that of its competitors to determine the firm's financial worth. Herman Miller is rated top company in current valuation category among its peers. It also is considered to be number one stock in return on asset category among its peers . The ratio of Current Valuation to Return On Asset for Herman Miller is about 86,021,966,790 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Herman Miller's earnings, one of the primary drivers of an investment's value.Herman Current Valuation vs. Competition
Herman Miller is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Business Equipment industry is now estimated at about 160.65 Billion. Herman Miller claims roughly 3.03 Billion in current valuation contributing just under 2% to stocks in Business Equipment industry.
Herman Return On Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 3.03 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | 0.0352 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Herman Return On Asset Comparison
Herman Miller is currently under evaluation in return on asset category among its peers.
Herman Miller Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Herman Miller, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Herman Miller will eventually generate negative long term returns. The profitability progress is the general direction of Herman Miller's change in net profit over the period of time. It can combine multiple indicators of Herman Miller, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan. MILLER DL operates under Business Equipment classification in Germany and is traded on Frankfurt Stock Exchange.
Herman Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Herman Miller. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Herman Miller position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Herman Miller's important profitability drivers and their relationship over time.
Use Herman Miller in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Herman Miller position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Herman Miller will appreciate offsetting losses from the drop in the long position's value.Herman Miller Pair Trading
Herman Miller Pair Trading Analysis
The ability to find closely correlated positions to Herman Miller could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Herman Miller when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Herman Miller - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Herman Miller to buy it.
The correlation of Herman Miller is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Herman Miller moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Herman Miller moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Herman Miller can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Herman Miller position
In addition to having Herman Miller in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Herman Stock
To fully project Herman Miller's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Herman Miller at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Herman Miller's income statement, its balance sheet, and the statement of cash flows.