- Kimball has 96% total return potential on a medium-term outlook.
- The company is undervalued on our steady-state FY06/2022 estimate with a P/E of 9.1x.
- On a recovery, we see spending on furniture in the commercial space returning to pre-COVID levels with pent-up demand and increased backlogs.
- The stock has minimum downside risk and has been stagnating since April of last year.
- They have a robust backlog that is larger than this quarter's total sales volume, which we expect to be fulfilled as things improve post-COVID.
For further details see:
Kimball: Strong Recovery Ahead On Back-To-Office, 9.1x P/E And 96% Total Return