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Knoll

DB:KK6
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KK6
DB
$423M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Knoll, Inc., together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The last earnings update was 44 days ago. More info.


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  • Knoll has significant price volatility in the past 3 months.
KK6 Share Price and Events
7 Day Returns
-8%
DB:KK6
-1.9%
DE Commercial Services
-0.6%
DE Market
1 Year Returns
-52.7%
DB:KK6
-32.9%
DE Commercial Services
-20.9%
DE Market
KK6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Knoll (KK6) -8% -44.5% -63.7% -52.7% -63.3% -62.2%
DE Commercial Services -1.9% -23.9% -35.4% -32.9% -36.8% -47.7%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • KK6 underperformed the Commercial Services industry which returned -32.9% over the past year.
  • KK6 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
KK6
Industry
5yr Volatility vs Market
Related Companies

KK6 Value

 Is Knoll undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Knoll to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Knoll.

DB:KK6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KK6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.588 (1 + (1- 21%) (132.49%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.136 * 5.44%)
5.79%

Discounted Cash Flow Calculation for DB:KK6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Knoll is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:KK6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.79%)
2020 56.00 Analyst x1 52.94
2021 62.90 Analyst x1 56.21
2022 60.40 Est @ -3.97% 51.02
2023 58.65 Est @ -2.9% 46.83
2024 57.40 Est @ -2.14% 43.32
2025 56.47 Est @ -1.62% 40.29
2026 55.76 Est @ -1.25% 37.61
2027 55.21 Est @ -0.99% 35.20
2028 54.76 Est @ -0.81% 33.00
2029 54.39 Est @ -0.68% 30.98
Present value of next 10 years cash flows $427.00
DB:KK6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $54.39 × (1 + -0.39%) ÷ (5.79% – -0.39%)
$876.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $876.87 ÷ (1 + 5.79%)10
$499.54
DB:KK6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $427.00 + $499.54
$926.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $926.54 / 49.06
$18.89
DB:KK6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KK6 represents 0.93387x of NYSE:KNL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93387x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.89 x 0.93387
€17.64
Value per share (EUR) From above. €17.64
Current discount Discount to share price of €8.05
= -1 x (€8.05 - €17.64) / €17.64
54.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Knoll is available for.
Intrinsic value
>50%
Share price is €8.05 vs Future cash flow value of €17.64
Current Discount Checks
For Knoll to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Knoll's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Knoll's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Knoll's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Knoll's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KK6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.38
NYSE:KNL Share Price ** NYSE (2020-04-03) in USD $8.62
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 94.45x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Knoll.

DB:KK6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KNL Share Price ÷ EPS (both in USD)

= 8.62 ÷ 1.38

6.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Knoll is good value based on earnings compared to the DE Commercial Services industry average.
  • Knoll is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Knoll's expected growth come at a high price?
Raw Data
DB:KK6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-39.6%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 48 Publicly-Listed Commercial Services Companies 1.09x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:KK6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.24x ÷ -39.6%

-0.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Knoll earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Knoll's assets?
Raw Data
DB:KK6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.75
NYSE:KNL Share Price * NYSE (2020-04-03) in USD $8.62
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.23x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:KK6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KNL Share Price ÷ Book Value per Share (both in USD)

= 8.62 ÷ 8.75

0.99x

* Primary Listing of Knoll.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Knoll is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Knoll's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Knoll has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KK6 Future Performance

 How is Knoll expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-39.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Knoll expected to grow at an attractive rate?
  • Knoll's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Knoll's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Knoll's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KK6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KK6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -39.6%
DB:KK6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KK6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KK6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,385 93 30 2
2020-12-31 1,392 105 43 2
2020-04-05
DB:KK6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,428 138 68
2019-09-30 1,411 143 82
2019-06-30 1,382 130 84
2019-03-31 1,338 122 76
2018-12-31 1,302 108 73
2018-09-30 1,264 108 81
2018-06-30 1,227 105 80
2018-03-31 1,173 106 80
2017-12-31 1,133 104 80
2017-09-30 1,110 68 69
2017-06-30 1,110 90 71
2017-03-31 1,136 87 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Knoll's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Knoll's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KK6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Knoll Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KK6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.61 0.61 0.61 1.00
2020-12-31 0.87 0.87 0.87 1.00
2020-04-05
DB:KK6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.38
2019-09-30 1.67
2019-06-30 1.73
2019-03-31 1.56
2018-12-31 1.51
2018-09-30 1.67
2018-06-30 1.65
2018-03-31 1.65
2017-12-31 1.66
2017-09-30 1.42
2017-06-30 1.48
2017-03-31 1.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Knoll is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Knoll's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Knoll has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KK6 Past Performance

  How has Knoll performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Knoll's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Knoll's year on year earnings growth rate has been positive over the past 5 years.
  • Knoll's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Knoll's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Knoll's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Knoll Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KK6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,428.10 67.50 389.90 16.40
2019-09-30 1,411.27 81.65 372.06 20.10
2019-06-30 1,382.47 84.45 356.96 20.10
2019-03-31 1,338.47 75.95 342.96 20.10
2018-12-31 1,302.30 73.30 331.80 20.10
2018-09-30 1,263.72 81.39 321.70 19.20
2018-06-30 1,227.28 80.23 311.18 19.20
2018-03-31 1,172.67 80.06 295.45 19.20
2017-12-31 1,132.90 80.20 286.80 19.20
2017-09-30 1,109.64 68.91 278.56 21.70
2017-06-30 1,110.48 71.39 279.68 21.70
2017-03-31 1,136.48 80.09 284.69 21.70
2016-12-31 1,164.29 82.08 287.97 21.70
2016-09-30 1,177.16 74.09 294.87 20.70
2016-06-30 1,148.65 70.32 289.34 20.70
2016-03-31 1,122.57 65.92 281.68 20.70
2015-12-31 1,104.44 65.96 278.78 20.70
2015-09-30 1,085.16 64.80 273.70 19.20
2015-06-30 1,089.87 62.60 273.28 19.20
2015-03-31 1,087.19 56.21 275.79 19.20
2014-12-31 1,050.29 46.60 266.89 19.20
2014-09-30 994.30 34.98 252.22 17.80
2014-06-30 942.90 27.90 235.86 17.80
2014-03-31 891.27 24.94 217.90 17.80
2013-12-31 862.25 23.18 207.12 17.80
2013-09-30 881.82 40.00 205.34 15.30
2013-06-30 884.72 43.65 200.75 15.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Knoll has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Knoll used its assets more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Knoll's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Knoll's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Knoll has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KK6 Health

 How is Knoll's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Knoll's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Knoll is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Knoll's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Knoll's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Knoll Company Filings, last reported 3 months ago.

DB:KK6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 427.60 452.60 8.50
2019-09-30 406.10 465.90 8.30
2019-06-30 408.40 454.80 2.90
2019-03-31 392.80 465.00 2.40
2018-12-31 386.50 462.80 1.60
2018-09-30 385.06 480.32 7.32
2018-06-30 369.06 491.41 1.36
2018-03-31 366.39 522.69 16.15
2017-12-31 358.73 191.05 2.20
2017-09-30 340.11 218.88 5.83
2017-06-30 320.33 233.72 5.92
2017-03-31 311.18 242.55 3.04
2016-12-31 309.47 218.38 9.85
2016-09-30 302.72 193.22 11.19
2016-06-30 287.93 208.05 3.55
2016-03-31 270.25 219.88 5.35
2015-12-31 255.47 219.72 4.19
2015-09-30 242.97 257.50 9.76
2015-06-30 228.79 274.00 10.34
2015-03-31 212.85 300.00 14.68
2014-12-31 213.22 258.00 19.02
2014-09-30 239.71 261.50 15.70
2014-06-30 235.15 267.84 8.47
2014-03-31 224.20 268.00 9.13
2013-12-31 223.83 173.00 12.03
2013-09-30 200.66 183.00 13.51
2013-06-30 190.66 188.00 11.06
  • Knoll's level of debt (105.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (121.2% vs 105.8% today).
  • Debt is well covered by operating cash flow (30.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess Knoll's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Knoll has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KK6 Dividends

 What is Knoll's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.89%
Current annual income from Knoll dividends. Estimated to be 7.89% next year.
If you bought €2,000 of Knoll shares you are expected to receive €158 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Knoll's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Knoll's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KK6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KK6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.68 1.00
2020-12-31 0.68 1.00
2020-04-05
DB:KK6 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-06 0.680 4.927
2019-12-03 0.680 2.639
2019-08-07 0.680 2.717
2019-05-07 0.680 3.088
2019-02-05 0.600 2.958
2018-12-04 0.600 3.306
2018-08-08 0.600 2.790
2018-05-08 0.600 2.852
2018-02-06 0.600 2.852
2017-12-04 0.600 2.690
2017-08-09 0.600 3.081
2017-05-09 0.600 2.920
2017-02-07 0.600 2.557
2016-12-06 0.600 2.207
2016-08-03 0.600 2.510
2016-05-04 0.600 2.469
2016-04-21 0.600 2.558
2015-12-03 0.600 3.088
2015-08-04 0.480 2.078
2015-05-11 0.480 1.986
2015-02-03 0.480 2.189
2014-12-19 0.480 2.356
2014-08-07 0.480 2.584
2014-05-08 0.480 2.761
2014-02-04 0.480 2.864
2013-12-05 0.480 2.822
2013-08-07 0.480 2.888
2013-05-07 0.480 3.122
2013-02-06 0.480 2.854
2012-12-06 0.480 3.076
2012-08-07 0.480 3.336
2012-07-19 0.400 2.935
2012-05-10 0.400 3.042
2012-04-23 0.400 2.748
2011-12-01 0.400 2.591
2011-08-10 0.400 2.729
2011-05-05 0.400 2.148
2011-02-04 0.240 1.201
2010-12-01 0.240 1.446
2010-08-11 0.080 0.537
2010-05-05 0.080 0.579
2010-02-04 0.080 0.654
2009-12-01 0.080 0.754
2009-08-11 0.080 0.805
2009-05-04 0.080 1.028

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Knoll's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Knoll's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Knoll afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Knoll has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KK6 Management

 What is the CEO of Knoll's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Cogan
COMPENSATION $4,496,563
AGE 56
TENURE AS CEO 19 years
CEO Bio

Mr. Andrew B. Cogan has been the Chief Executive Officer of Knoll, Inc. since April 2001 and as its Acting President since April 10, 2015 until April 2019. Mr. Cogan has been the Chairman of Knoll, Inc. since May 8, 2018. He served as the Chief Operating Officer of Knoll Inc. since December 1999 and its Executive Vice President of Marketing and Product Development since August 1998 and as Senior Vice President since May 1994. He joined Knoll Inc. in 1989 and held several positions in the Design and Marketing Group. He has been a Director of Knoll, Inc. since February 1996. He had been an Independent Director at Interface Inc. since January 2013 until February 28, 2020. He serves as an Officer and Director of Chinati Foundation in Marfa, Texas. He has been Independent Director of American Woodmark Corp. since March 3, 2009. He has Executive level experience at an international manufacturing company in the commercial interiors industry, and an extensive background in design and marketing. Mr. Cogan holds an Undergraduate Degree from Harvard College.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andrew's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Knoll management team in years:

3.6
Average Tenure
50
Average Age
  • The tenure for the Knoll management team is about average.
Management Team

Andrew Cogan

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
56
TENURE
19 yrs

Charles Rayfield

TITLE
Senior VP & CFO
COMPENSATION
$902K
AGE
39
TENURE
2.8 yrs

Michael Pollner

TITLE
Senior VP
COMPENSATION
$824K
AGE
46
TENURE
2.3 yrs

Benjamin Pardo

TITLE
Executive VP & Director of Design
COMPENSATION
$916K
AGE
57
TENURE
14.6 yrs

David Schutte

TITLE
Executive Vice President of Lifestyle
COMPENSATION
$1M
AGE
54
TENURE
13.3 yrs

Scott Cameron

TITLE
Senior Vice President of Operations
AGE
56
TENURE
2.8 yrs

Usman Waheed

TITLE
Chief Information & Technology Officer

David Bright

TITLE
Senior Vice President of Communications

Roxanne Klein

TITLE
Senior Vice President of Human Resources
AGE
42
TENURE
4.4 yrs

Chris Baldwin

TITLE
COO & President of Knoll Office
AGE
46
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Knoll board of directors in years:

6
Average Tenure
62
Average Age
  • The tenure for the Knoll board of directors is about average.
Board of Directors

John Maypole

TITLE
Independent Director
COMPENSATION
$155K
AGE
79
TENURE
15.3 yrs

Andrew Cogan

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
56
TENURE
1.9 yrs

Stephanie Stahl

TITLE
Independent Director
COMPENSATION
$140K
AGE
52
TENURE
6.7 yrs

Chris Kennedy

TITLE
Independent Director
COMPENSATION
$140K
AGE
55
TENURE
5.4 yrs

Jeffrey Harris

TITLE
Lead Independent Director
COMPENSATION
$155K
AGE
63

Steve Fisher

TITLE
Independent Director
COMPENSATION
$140K
AGE
66
TENURE
14.3 yrs

Sarah Nash

TITLE
Independent Director
COMPENSATION
$140K
AGE
65
TENURE
13.6 yrs

Dan Dienst

TITLE
Independent Director
COMPENSATION
$140K
AGE
54
TENURE
2.7 yrs

Ronald Kass

TITLE
Independent Director
COMPENSATION
$76K
AGE
62
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Nov 19 Sell Michael Pollner Individual 12. Nov 19 12. Nov 19 -2,500 €24.80 €-61,994
14. Nov 19 Sell Sarah Nash Individual 12. Nov 19 12. Nov 19 -4,581 €24.80 €-113,625
08. Nov 19 Sell Andrew Cogan Individual 08. Nov 19 08. Nov 19 -8,317 €24.96 €-207,570
07. Nov 19 Sell Andrew Cogan Individual 05. Nov 19 05. Nov 19 -8,100 €25.06 €-202,968
06. Nov 19 Sell Stephen Fisher Individual 04. Nov 19 04. Nov 19 -5,000 €24.38 €-121,920
05. Nov 19 Sell David Schutte Individual 01. Nov 19 01. Nov 19 -5,000 €24.10 €-120,505
30. Oct 19 Sell David Schutte Individual 28. Oct 19 29. Oct 19 -10,000 €23.86 €-238,528
29. Oct 19 Sell Andrew Cogan Individual 25. Oct 19 25. Oct 19 -79,126 €23.68 €-1,873,497
29. Oct 19 Sell Michael Pollner Individual 25. Oct 19 25. Oct 19 -5,514 €23.71 €-130,738
09. Aug 19 Sell Andrew Cogan Individual 08. Aug 19 08. Aug 19 -10,000 €20.76 €-207,598
31. Jul 19 Sell David Schutte Individual 29. Jul 19 30. Jul 19 -10,000 €22.29 €-222,289
31. Jul 19 Sell Andrew Cogan Individual 29. Jul 19 29. Jul 19 -4,305 €22.45 €-96,659
23. May 19 Sell Andrew Cogan Individual 21. May 19 21. May 19 -2,774 €18.86 €-52,327
20. May 19 Sell Andrew Cogan Individual 16. May 19 16. May 19 -10,226 €18.92 €-193,482
07. May 19 Sell David Schutte Individual 06. May 19 06. May 19 -3,500 €19.30 €-67,533
X
Management checks
We assess Knoll's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Knoll has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KK6 News

Simply Wall St News

KK6 Company Info

Description

Knoll, Inc., together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments. It provides systems furniture, including integrated panels or table desks, work surfaces and storage units, power and data systems, and lighting products; office seating products comprising various work chairs; and files and storage products, such as lateral files, mobile pedestals and other storage units, bookcases, and overhead cabinets. The company also offers adjustable tables, as well as meeting, conference, training, dining, stand-alone, and table desks; technology support accessories, desktop organizational tools, and lighting and storage products; lounge furniture; side, café, and dining chairs; training, conference, dining, and occasional tables; and lighting, rugs, textiles, fabrics, felt, leather, upholstery, drapery, and related architectural products. It serves companies, governmental agencies, and other medium to large sized organizations in various industries, including financial, legal, technology, entertainment, accounting, education, healthcare, and hospitality through its direct sales force and showrooms, distribution partners, and independent dealers and retailers, as well as online. The company was founded in 1938 and is headquartered in East Greenville, Pennsylvania.

Details
Name: Knoll, Inc.
KK6
Exchange: DB
Founded: 1938
$391,998,890
49,061,937
Website: http://www.knoll.com
Address: Knoll, Inc.
1235 Water Street,
East Greenville,
Pennsylvania, 18041,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KNL Common Stock New York Stock Exchange US USD 14. Dec 2004
DB KK6 Common Stock Deutsche Boerse AG DE EUR 14. Dec 2004
Number of employees
Current staff
Staff numbers
3,734
Knoll employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 23:59
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.