KNL - Knoll Is Trading At Fair Value
We believe Knoll (KNL) should trade at an EV/Sales multiple of 0.6 to 0.8 times. With shares currently trading at a 0.7 sales multiple, the company is trading within our valuation range.
The amount of debt Knoll carries on its balance sheet might put them at a competitive disadvantage to competitors with healthier balance sheets, especially since the contract furniture business is consolidating through acquisitions.
We don't see enough compelling reasons to invest in Knoll at this moment.
Quick Overview
Knoll is a global manufacturer of commercial and residential furniture, accessories, lighting, and textiles. The