Company Valuation: HNI Corporation

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,860 1,197 1,940 2,342 3,024 3,408 - -
Change - -35.66% 62.07% 20.74% 29.09% 12.69% - -
Enterprise Value (EV) 1,860 1,197 2,354 2,342 3,024 3,408 3,408 3,408
Change - -35.66% 96.62% -0.48% 29.09% 12.69% 0% 0%
P/E 31.4x 9.84x 38.2x 17x 38.4x 16.8x 9.57x 8.43x
PBR 3.08x 1.96x 2.43x 2.83x 1.13x 1.7x 1.45x -
PEG - 0x -0.6x 0x -0.6x 0x 0.1x 0.6x
Capitalization / Revenue 0.85x 0.51x 0.8x 0.93x 1.07x 0.57x 0.55x 0.51x
EV / Revenue 0x 0x 0x 0x 0x 0.57x 0.55x 0.51x
EV / EBITDA 0x 0x 0x 0x 0x 4.9x 4.58x 3.87x
EV / EBIT 0x 0x 0x 0x 0x 7.03x 6.25x 5.58x
EV / FCF 0x 0x 0x 0x 0x 33.5x 6.81x -
FCF Yield 3.5% 1.75% 9.76% 7.42% 6.96% 2.98% 14.7% -
Dividend per Share 2 1.235 1.27 1.28 - 1.35 1.42 1.49 1.56
Rate of return 2.89% 4.39% 3.07% - 3.17% 3.01% 3.16% 3.3%
EPS 2 1.36 2.94 1.09 2.88 1.11 2.805 4.935 5.6
Distribution rate 90.8% 43.2% 117% - 122% 50.6% 30.2% 27.9%
Net sales 1 2,184 2,362 2,434 2,526 2,839 5,985 6,204 6,705
EBITDA 1 183.8 212.6 273 325.6 351 695.7 744.4 880.2
EBIT 1 100.7 128.4 178.1 217.8 243.9 484.7 545 610.7
Net income 1 59.81 123.9 49.2 139.5 54.2 202.6 355.6 401.8
Net Debt - - 413.6 - - - - -
Reference price 2 42.71 28.94 41.65 49.00 42.58 47.21 47.21 47.21
Nbr of stocks (in thousands) 43,559 41,364 46,579 47,804 71,017 72,182 - -
Announcement Date 28/02/22 23/02/23 22/02/24 20/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.83x - - 3.01% 3.41B
13.93x1.72x10.15x1.19% 3.94B
14.14x1.19x6.03x3.64% 3.09B
9.97x0.64x6.1x4.57% 1.42B
5.79x - - 6.96% 398M
16.45x - - 0.29% 261M
Average 12.85x 1.19x 7.43x 3.28% 2.09B
Weighted average by Cap. 14.12x 1.35x 7.97x 2.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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