Market Summary
USD96.49+1.95
Market Closed2.06%
MHK Stock Price
MHK RSI Chart
MHK Valuation
MHK Price/Sales (Trailing)
MHK Profitability
MHK Fundamentals
MHK Revenue
MHK Earnings
Price Action
52 Week Range
87.02159.00
(Low)(High)
Last 7 days
-6.9%
Last 30 days
-21.0%
Last 90 days
-5.9%
Trailing 12 Months
-31.6%
MHK Financial Health
MHK Investor Care
Peers (Alternatives to Mohawk Industries)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DHI | 33.7B | 33.7B | -4.22% | 20.48% | 5.93 | 1 | 16.58% | 25.40% |
GRMN | 18.6B | 4.9B | -1.90% | -11.92% | 19.15 | 3.84 | -2.46% | -10.04% |
PHM | 12.6B | 16.2B | -4.83% | 17.99% | 4.83 | 0.78 | 16.53% | 34.48% |
| MID-CAP | ||||||||
WHR | 7.0B | 19.7B | -12.75% | -30.01% | -4.6 | 0.35 | -10.28% | -185.19% |
MHK | 6.8B | 11.7B | -21.05% | -31.64% | 270.87 | 0.58 | 4.79% | -97.56% |
TPX | 6.5B | 4.9B | -7.96% | 21.11% | 14.27 | 1.32 | -0.19% | -27.03% |
NWL | 4.9B | 9.5B | -17.34% | -43.78% | 24.69 | 0.51 | -10.67% | -68.33% |
LEG | 4.2B | 5.1B | -10.73% | -14.14% | 13.49 | 0.81 | 1.46% | -23.01% |
SKY | 3.4B | 2.8B | -7.59% | -3.00% | 10.56 | 1.4 | 36.51% | 120.80% |
CVCO | 2.6B | 2.2B | -3.68% | 1.05% | 10.37 | 1.18 | 52.07% | 45.82% |
| SMALL-CAP | ||||||||
LZB | 1.3B | 2.5B | 0.84% | -0.49% | 7.24 | 0.51 | 12.82% | 32.93% |
HOFT | 234.5M | 586.6M | -4.45% | 1.03% | 24.44 | 0.4 | -4.47% | -60.39% |
FLXS | 106.5M | 453.7M | -1.29% | 2.05% | 13 | 0.23 | -15.02% | 8.77% |
DXYN | 11.6M | 303.6M | -25.27% | -76.07% | -0.33 | 0.04 | -11.04% | -2270.73% |
Financials for Mohawk Industries
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -0.9% | 11,737 | 11,847 | 11,747 | 11,547 | 11,201 |
| Gross Profit | -5.9% | 2,943 | 3,126 | 3,250 | 3,279 | 3,269 |
| S&GA Expenses | 0.5% | 2,003 | 1,994 | 1,948 | 1,941 | 1,934 |
| EBITDA | -18.2% | 831 | 1,017 | 1,876 | 1,928 | - |
| EBITDA Margin | -17.5% | 0.07* | 0.09* | 0.16* | 0.17* | - |
| Earnings Before Taxes | -52.5% | 184 | 387 | 1,250 | 1,292 | 1,290 |
| EBT Margin | -52.1% | 0.02* | 0.03* | 0.11* | 0.11* | - |
| Interest Expenses | 4.9% | 52.00 | 50.00 | 51.00 | 53.00 | 57.00 |
| Net Income | -86.0% | 25.00 | 181 | 986 | 1,042 | 1,033 |
| Net Income Margin | -85.9% | 0.00* | 0.02* | 0.08* | 0.09* | - |
| Free Cahsflow | 196.9% | 88.00 | -91.21 | 185 | 414 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.3% | 14,120 | 13,801 | 14,689 | 14,387 | 14,225 |
| Current Assets | 0.7% | 5,895 | 5,854 | 5,941 | 5,565 | 5,238 |
| Cash Equivalents | 55.9% | 510 | 327 | 224 | 231 | 269 |
| Inventory | -3.7% | 2,794 | 2,900 | 2,826 | 2,513 | 2,392 |
| Net PPE | 3.0% | 4,661 | 4,525 | 4,582 | 4,553 | 4,637 |
| Goodwill | 5.5% | 1,928 | 1,828 | 2,536 | 2,579 | 2,608 |
| Liabilities | 2.1% | 6,103 | 5,976 | 6,083 | 6,099 | 5,796 |
| Current Liabilities | -21.4% | 3,070 | 3,905 | 3,924 | 3,872 | 2,946 |
| Long Term Debt | - | 2,333 | - | - | - | - |
| LT Debt, Current | -45.5% | 841 | 1,542 | 1,499 | 1,546 | 625 |
| LT Debt, Non Current | 94.0% | 1,979 | 1,020 | 1,052 | 1,088 | 1,700 |
| Shareholder's Equity | 2.5% | 8,012 | 7,819 | 8,607 | 8,288 | 8,421 |
| Retained Earnings | 0.5% | 7,410 | 7,376 | 7,911 | 7,631 | 7,692 |
| Additional Paid-In Capital | 0.3% | 1,931 | 1,926 | 1,920 | 1,914 | 1,911 |
| Accumulated Depreciation | 0.6% | 4,818 | 4,790 | 4,688 | 4,614 | - |
| Shares Outstanding | 0% | 71.00 | 71.00 | 71.00 | 71.00 | 73.00 |
| Minority Interest | 1.6% | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 4.6% | 669 | 640 | 914 | 1,104 | 1,309 |
| Share Based Compensation | -5.6% | 22.00 | 24.00 | 25.00 | 25.00 | 26.00 |
| Cashflow From Investing | 40.2% | -625 | -1,045 | -449 | -338 | -556 |
| Cashflow From Financing | 148.6% | 194 | -400 | -999 | -1,103 | -1,232 |
| Buy Backs | -58.1% | 308 | 735 | 943 | 1,084 | 900 |
Risks for MHK
What is the probability of a big loss on MHK?
99.2%
Probability that Mohawk Industries stock will be more than 20% underwater in next one year
71.9%
Probability that Mohawk Industries stock will be more than 30% underwater in next one year.
56.9%
Probability that Mohawk Industries stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MHK drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Mohawk Industries was unfortunately bought at previous high price.
Drawdowns
Returns for MHK
Cumulative Returns on MHK
-1.8%
10-Year Cumulative Returns
-9.0%
7-Year Cumulative Returns
-17.5%
5-Year Cumulative Returns
-0.7%
3-Year Cumulative Returns
What are the long-term rolling returns for MHK?
FIve years rolling returns for Mohawk Industries.
Annualized Returns
Which funds bought or sold MHK recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -20.6 | -120,048 | 973,952 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 143 | 21,000 | 31,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | sold off | -100 | - | - | -% |
2023-03-01 | Lakewood Asset Management LLC | new | - | 1,032,000 | 1,032,000 | 0.83% |
2023-02-28 | Voya Investment Management LLC | added | 1.61 | 231,599 | 1,901,600 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -10.00 | 39.00 | 34,039 | -% |
2023-02-24 | NATIXIS | sold off | -100 | -296,000 | - | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 54,000 | 503,000 | -% |
2023-02-22 | CVA Family Office, LLC | new | - | 2,044 | 2,044 | -% |
2023-02-21 | KB FINANCIAL PARTNERS, LLC | added | 18.85 | 6,000 | 23,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Mohawk Industries News
Schedule 13G FIlings of Mohawk Industries
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | boston partners | 5.04% | 3,204,140 | SC 13G | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.66% | 6,136,576 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.4% | 4,048,820 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.67% | 5,875,192 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 6.4% | 4,327,188 | SC 13G/A | |
| Apr 12, 2021 | fmr llc | - | 0 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.49% | 6,048,153 | SC 13G/A | |
| Feb 08, 2021 | fmr llc | - | 0 | SC 13G |
MHK Fair Value
Mohawk Industries fair value in different scenarios
The table shows the Fair Value estimates for Mohawk Industries for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 115.35 19.55% | 162.18 68.08% | 203.39 110.79% | 245.56 154.49% | 279.15 189.30% |
| Current Inflation | 109.48 13.46% | 150.44 55.91% | 185.42 92.16% | 221.16 129.21% | 249.56 158.64% |
| Very High Inflation | 102.04 5.75% | 136.04 40.99% | 163.86 69.82% | 192.32 99.32% | 214.84 122.66% |
Historical Mohawk Industries Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Mohawk Industries
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for MHK
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-04 | Patton Rodney David | sold (taxes) | -132,186 | 106 | -1,242 | vp business strategy |
2023-03-04 | WELLBORN CHISTOPHER | sold (taxes) | -409,010 | 106 | -3,843 | president and coo |
2023-03-04 | Brunk James | sold (taxes) | -104,727 | 106 | -984 | cfo - vp finance |
2023-03-04 | De Cock Paul F | sold (taxes) | -191,361 | 106 | -1,798 | president flooring na |
2023-03-04 | LORBERBAUM JEFFREY S | sold (taxes) | -563,653 | 106 | -5,296 | chief executive officer |
2023-02-28 | WELLBORN CHISTOPHER | acquired | - | - | 8,985 | president and coo |
2023-02-28 | Brunk James | acquired | - | - | 4,456 | cfo - vp finance |
2023-02-28 | Thiers Bernard | acquired | - | - | 4,359 | president-flooring row |
2023-02-28 | Patton Rodney David | acquired | - | - | 6,220 | vp business strategy |
2023-02-28 | Harkins William Wayne II | acquired | - | - | 1,199 | cao and corporate controller |
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides wood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Feltex, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers. Mohawk Industries, Inc. was incorporated in 1988 and is headquartered in Calhoun, Georgia.
MHK Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Net sales | $ 11,737,065 | $ 11,200,613 | $ 9,552,197 |
| Cost of sales | 8,793,639 | 7,931,879 | 7,121,507 |
| Gross profit | 2,943,426 | 3,268,734 | 2,430,690 |
| Selling, general and administrative expenses | 2,003,438 | 1,933,723 | 1,794,688 |
| Impairment of goodwill and indefinite-lived intangibles | 695,771 | 0 | 0 |
| Operating income | 244,217 | 1,335,011 | 636,002 |
| Interest expense | 51,938 | 57,252 | 52,379 |
| Other expense (income), net | 8,386 | (12,234) | (751) |
| Earnings before income taxes | 183,893 | 1,289,993 | 584,374 |
| Income tax expense | 158,110 | 256,445 | 68,647 |
| Net earnings including noncontrolling interests | 25,783 | 1,033,548 | 515,727 |
| Net earnings attributable to noncontrolling interests | 536 | 389 | 132 |
| Net earnings attributable to Mohawk Industries, Inc. | $ 25,247 | $ 1,033,159 | $ 515,595 |
| Basic earnings per share attributable to Mohawk Industries, Inc. | |||
| Basic earnings per share attributable to Mohawk Industries, Inc. (usd per share) | $ 0.40 | $ 15.01 | $ 7.24 |
| Weighted-average common shares outstanding—basic (in shares) | 63,826 | 68,852 | 71,214 |
| Diluted earnings per share attributable to Mohawk Industries, Inc. | |||
| Diluted earnings per share attributable to Mohawk Industries, Inc. (usd per share) | $ 0.39 | $ 14.94 | $ 7.22 |
| Weighted-average common shares outstanding—diluted (in shares) | 64,062 | 69,145 | 71,401 |
MHK Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 509,623 | $ 268,895 |
| Short-term investments | 158,000 | 323,000 |
| Receivables, net | 1,904,786 | 1,839,985 |
| Inventories | 2,793,765 | 2,391,672 |
| Prepaid expenses | 498,222 | 394,649 |
| Other current assets | 30,703 | 20,156 |
| Total current assets | 5,895,099 | 5,238,357 |
| Property, plant and equipment, net | 4,661,178 | 4,636,865 |
| Right of use operating lease assets | 387,816 | 389,967 |
| Goodwill | 1,927,759 | 2,607,909 |
| Tradenames | 668,328 | 694,905 |
| Other intangible assets subject to amortization, net | 189,620 | 205,075 |
| Deferred income taxes and other non-current assets | 390,632 | 451,439 |
| Total assets | 14,120,432 | 14,224,517 |
| Current liabilities: | ||
| Short-term debt and current portion of long-term debt | 840,571 | 624,503 |
| Accounts payable and accrued expenses | 2,124,448 | 2,217,418 |
| Current operating lease liabilities | 105,266 | 104,434 |
| Total current liabilities | 3,070,285 | 2,946,355 |
| Deferred income taxes | 444,660 | 495,521 |
| Long-term debt, less current portion | 1,978,563 | 1,700,282 |
| Non-current operating lease liabilities | 296,136 | 297,390 |
| Other long-term liabilities | 312,874 | 356,753 |
| Total liabilities | 6,102,518 | 5,796,301 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $.01 par value; 60 shares authorized; no shares issued | 0 | 0 |
| Common stock, $.01 par value; 150,000 shares authorized; 70,875 and 72,952 shares issued and outstanding in 2022 and 2021, respectively | 709 | 729 |
| Additional paid-in capital | 1,930,789 | 1,911,131 |
| Retained earnings | 7,409,760 | 7,692,064 |
| Accumulated other comprehensive loss | (1,114,258) | (966,952) |
| Shareholder's equity before treasury stock | 8,227,000 | 8,636,972 |
| Less: treasury stock at cost; 7,341 and 7,343 shares in 2022 and 2021, respectively | 215,491 | 215,547 |
| Total Mohawk Industries, Inc. stockholders’ equity | 8,011,509 | 8,421,425 |
| Nonredeemable noncontrolling interests | 6,405 | 6,791 |
| Total stockholders’ equity | 8,017,914 | 8,428,216 |
| Total liabilities and stockholders' equity | $ 14,120,432 | $ 14,224,517 |