Knoll Financials

$1.1 B

Revenue FY, 2017

$1 B

Mkt cap, 20-Apr-2018
Gross profit (FY, 2017)414.6 M
Gross profit margin (FY, 2017), %36.6%
Net income (FY, 2017)80.2 M
EBIT (FY, 2017)88 M
Cash, 31-Dec-20172.2 M
EV1.2 B

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

862.7 m1.1 b1.1 b1.2 b1.1 b

Revenue growth, %

22%5%5%

Cost of goods sold

582.4 m678.6 m692.3 m718.3 m718.3 m

Gross profit

280.3 m371.7 m412.1 m446 m414.6 m

Gross profit Margin, %

32%35%37%38%37%

General and administrative expense

309.7 m306 m

Operating expense total

309.7 m306 m

EBIT

41.1 m76.8 m101.1 m136.3 m88 m

EBIT margin, %

5%7%9%12%8%

Interest expense

5.9 m7.4 m6.9 m5.4 m7.5 m

Pre tax profit

38.5 m75.8 m103.4 m127.5 m78.6 m

Income tax expense

15.4 m29.2 m37.5 m45.4 m

Net Income

23.1 m46.6 m65.9 m82.1 m80.2 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

216.9 m229.3 m265.8 m268.3 m266.5 m268.6 m263.6 m284.6 m294.7 m292.1 m256.8 m268.7 m

Cost of goods sold

144.6 m152.9 m168.6 m173.3 m171.2 m167.4 m162.4 m176.9 m180.6 m179.3 m161.1 m168.7 m

Gross profit

72.3 m76.5 m97.2 m95 m95.3 m101.2 m101.2 m107.8 m114.1 m112.8 m95.7 m100 m

Gross profit Margin, %

33%33%37%35%36%38%38%38%39%39%37%37%

General and administrative expense

55.3 m64.7 m74.8 m71.6 m73 m72.9 m72.1 m75.9 m80.6 m77.6 m72.6 m75.6 m

Operating expense total

55.3 m64.7 m74.8 m71.6 m73 m72.9 m72.1 m75.9 m80.6 m77.6 m72.6 m75.6 m

EBIT

17.1 m11.8 m22.2 m23.3 m22.3 m28.3 m28.7 m31.8 m33.5 m35.2 m23 m22.2 m

EBIT margin, %

8%5%8%9%8%11%11%11%11%12%9%8%

Interest expense

1.5 m1.7 m1.9 m1.9 m1.9 m1.9 m1.7 m1.6 m1.3 m1.3 m1.7 m1.9 m

Pre tax profit

13.3 m12.7 m17.6 m24.7 m27.6 m26.2 m28.8 m27.7 m32 m33.2 m21.2 m20.1 m

Income tax expense

4.8 m4.5 m6.7 m9.1 m10.1 m9 m11 m10.4 m10.7 m11.6 m5.8 m7.2 m

Net Income

8.6 m8.2 m10.8 m15.6 m17.4 m17.2 m17.9 m17.3 m21.3 m21.6 m15.4 m13 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

12 m19 m4.2 m9.9 m2.2 m

Accounts Receivable

Inventories

96.4 m140.8 m142.1 m144.9 m

Current Assets

236.2 m311.8 m308.8 m276.8 m278.3 m

PP&E

137.9 m165 m172.1 m197.1 m200.6 m

Goodwill

80 m128.9 m127.7 m141.4 m142.1 m

Total Assets

677.3 m868.9 m856.1 m858.6 m861 m

Accounts Payable

91.4 m114.9 m89.6 m97.5 m108.9 m

Short-term debt

10 m

Current Liabilities

168.3 m231.8 m216 m222.4 m223.1 m

Long-term debt

173 m248 m212 m208.4 m181 m

Total Debt

208.4 m191 m

Total Liabilities

549.1 m502.3 m

Additional Paid-in Capital

37.3 m41.1 m47.2 m55.1 m54.5 m

Retained Earnings

184.8 m204.1 m244.9 m297 m347.3 m

Total Equity

213.2 m255.5 m309.5 m358.7 m

Debt to Equity Ratio

0.7 x

Debt to Assets Ratio

0.2 x

Financial Leverage

4.1 x3.4 x2.8 x2.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

13.5 m9.1 m8.5 m15.7 m14.7 m10.3 m9.8 m5.3 m3.5 m11.2 m3 m5.9 m

Inventories

94.1 m127.2 m131.5 m138.7 m144.8 m143.4 m148.5 m148.3 m146.5 m146.1 m146.2 m150.1 m

Current Assets

228.5 m263.1 m280.1 m282.4 m318.1 m297.6 m288.9 m301.3 m299.3 m287.5 m272.2 m276.5 m

PP&E

133.3 m147.5 m153.7 m162.2 m161.9 m164.6 m166 m175.5 m179.9 m184.7 m200.4 m204.7 m

Goodwill

80.3 m125.8 m129.9 m128.7 m128.3 m128.4 m127.9 m128.2 m128.1 m134.2 m141.5 m141.8 m

Total Assets

673.4 m804.4 m829.1 m837.9 m869.9 m851.4 m842.3 m847.5 m849 m849.1 m856.6 m864.6 m

Accounts Payable

75.8 m94.3 m95.9 m97.5 m82.4 m75.7 m67.2 m90.9 m80.3 m81.9 m89.9 m99.9 m

Current Liabilities

145.4 m177.9 m201.7 m209.6 m192.3 m182 m178.7 m200.6 m195.9 m209.1 m194.4 m204.9 m

Long-term debt

183 m268 m256 m251.5 m290 m264 m247.5 m209.9 m198.1 m183.2 m232.5 m223.7 m

Total Debt

183 m268 m256 m251.5 m290 m264 m247.5 m209.9 m198.1 m183.2 m232.5 m223.7 m

Total Liabilities

472.7 m580.2 m593.9 m598.2 m657 m622.6 m599.3 m577.2 m561.1 m546.3 m545.4 m544.3 m

Additional Paid-in Capital

35.5 m34.2 m36.4 m38.6 m40.9 m44 m45.5 m47.9 m50.6 m52.9 m48.7 m50.2 m

Retained Earnings

189.9 m187.2 m192.1 m201.9 m215.5 m226.9 m238.9 m254.7 m268.6 m283 m304.9 m310.3 m

Total Equity

224.2 m235.2 m239.7 m212.9 m228.8 m243 m270.2 m287.9 m302.7 m311.2 m320.3 m

Financial Leverage

3.6 x3.5 x3.5 x4.1 x3.7 x3.5 x3.1 x2.9 x2.8 x2.8 x2.7 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

23.1 m46.6 m65.9 m82.1 m80.2 m

Depreciation and Amortization

22.7 m

Accounts Receivable

Inventories

96.4 m141 m(4 m)

Accounts Payable

91.4 m114.9 m12.1 m

Cash From Operating Activities

(17.9 m)7 m(14.8 m)103.7 m

Interest Paid

7.6 m

Free Cash Flow

63.1 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.6 m8.2 m10.8 m15.6 m17.4 m17.2 m17.9 m17.3 m21.3 m21.6 m15.4 m

Accounts Payable

95.9 m97.5 m82.4 m75.7 m67.2 m90.9 m80.3 m81.9 m89.9 m

Ratios

USDY, 2017

EV/EBIT

13.7 x

EV/CFO

11.7 x

EV/FCF

19.1 x

Revenue/Employee

326.4 k

Financial Leverage

2.4 x
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