Mueller Industries, Inc. (MLI) | Investment Case

1. Company Snapshot

1.a. Company Description

Mueller Industries, Inc.manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico.It operates through three segments: Piping Systems, Industrial Metals, and Climate.

The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling.It also resells steel pipes, brass and plastic plumbing valves, malleable iron fittings and faucets, and plumbing specialties; and supplies water tubes.This segment sells its products to wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs).

The Industrial Metals segment manufactures brass, bronze, and copper alloy rods; plumbing brass, valves, and fittings; cold-form aluminum and copper products; machining of aluminum, steel, brass, and cast iron impacts and castings; brass and aluminum forgings; brass, aluminum, and stainless-steel valves; fluid control solutions; and gas train assembles to OEMs in the industrial, construction, HVAC, plumbing, and refrigeration markets.The Climate segment offers valves, protection devices, and brass fittings for various OEMs in the commercial HVAC and refrigeration markets; high-pressure components and accessories for the air-conditioning and refrigeration markets; coaxial heat exchangers and twisted tubes for the HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets; insulated HVAC flexible duct systems; and brazed manifolds, headers, and distributor assemblies.The company was founded in 1917 and is headquartered in Collierville, Tennessee.

Show Full description

1.b. Last Insights on MLI

Mueller Industries' recent performance was negatively impacted by election-related uncertainties and the impact of domestic manufacturing policies on costs and international growth. The company's Q4 and full-year 2024 results were expected to reflect a 22% year-over-year growth, but concerns about margin declines and economic uncertainties may have weighed on investor sentiment. Additionally, the company's dividend increase, while positive, may not have been enough to offset these concerns.

1.c. Company Highlights

Last Price	113.49
Change Percentage	0.42%
Open	112.93
Previous Close	113.02
Market Cap ( Millions)	12599
Volume	511391
Year High	113.57
Year Low	66.84
M A 50	104.39
M A 200	87.97

FCF Yield	5.37%
Dividend Yield	0.88%
ROE	26.23%
Debt / Equity	0.94%
Net Debt / EBIDTA	-115.49%
Price To Book	4.03
Price Earnings Ratio	16.53
Price To FCF	18.62
Price To sales	3.04
EV / EBITDA	10.64

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Edgestream Partners L.P. Buys 28,222 Shares of Mueller Industries, Inc. $MLI

Dec -03

Source: defenseworld.net

Potentially 12%-15% Consistent Income: Monthly Options Series (December 2025)

Nov -30

Source: seekingalpha.com

Ameritas Investment Partners Inc. Cuts Holdings in Mueller Industries, Inc. $MLI

Nov -26

Source: defenseworld.net

Catalyst Funds Management Pty Ltd Raises Holdings in Mueller Industries, Inc. $MLI

Nov -20

Source: defenseworld.net

Paramount Global: Mario Gabelli's Strategic Exit with a -0.62% Portfolio Impact

Nov -12

Source: gurufocus.com

Mueller Industries, Inc. $MLI Stock Position Lifted by AE Wealth Management LLC

Nov -12

Source: defenseworld.net

Mueller Industries (NYSE:MLI) CEO Sells $16,482,560.00 in Stock

Oct -30

Source: defenseworld.net

Insider Selling: Mueller Industries (NYSE:MLI) CEO Sells $5,171,000.00 in Stock

Oct -30

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.38%)

6. Segments

Piping Systems

Expected Growth: 8.5%

Mueller Industries' Piping Systems segment growth of 8.5% is driven by increasing demand for HVAC and refrigeration systems, expansion in the industrial and commercial construction markets, and strategic acquisitions. Additionally, the company's focus on product innovation, operational efficiency, and cost savings initiatives contribute to its growth momentum.

Industrial Metals

Expected Growth: 7.5%

Mueller Industries, Inc.'s Industrial Metals segment growth of 7.5% is driven by increasing demand from the HVAC and refrigeration industries, coupled with rising prices of copper and aluminum. Additionally, the company's strategic acquisitions and expansion into new markets have contributed to the growth. Furthermore, the segment has benefited from the ongoing trend of infrastructure development and urbanization, leading to higher demand for industrial metals.

Climate

Expected Growth: 9.0%

Mueller Industries, Inc.'s 9.0% growth in the Climate segment is driven by increasing demand for HVAC and refrigeration products, driven by rising global temperatures and government regulations promoting energy efficiency. Additionally, the company's focus on innovation and product diversification, as well as strategic acquisitions, have contributed to its growth momentum.

Corporate and Eliminations

Expected Growth: 6.0%

Mueller Industries' Corporate and Eliminations segment growth of 6.0% is driven by effective cost management, strategic investments in growth initiatives, and a favorable product mix. Additionally, the company's focus on operational efficiency and disciplined capital allocation have contributed to the segment's growth.

7. Detailed Products

Copper Tube

Mueller Industries offers a wide range of copper tubes for various applications, including plumbing, HVAC, and refrigeration.

Fittings and Valves

Mueller Industries provides a comprehensive range of fittings and valves for copper, PEX, and CPVC piping systems.

Piping Systems

Mueller Industries offers a variety of piping systems, including copper, PEX, CPVC, and PVC, for plumbing, HVAC, and industrial applications.

Heat Exchangers

Mueller Industries designs and manufactures heat exchangers for various industries, including HVAC, refrigeration, and power generation.

Fabricated Tube Products

Mueller Industries offers custom fabricated tube products, including coils, headers, and assemblies, for various industries.

OEM Products

Mueller Industries designs and manufactures custom OEM products, including tube assemblies, fittings, and valves, for various industries.

8. Mueller Industries, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Mueller Industries, Inc. operates in a industry with moderate threat of substitutes. The company's products are not easily substitutable, but there are some alternatives available in the market.

Bargaining Power Of Customers

Mueller Industries, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. The company's customers are not highly concentrated, and the switching costs are moderate.

Bargaining Power Of Suppliers

Mueller Industries, Inc. has a moderate bargaining power of suppliers. The company relies on a few key suppliers, but it also has some alternative sources of supply.

Threat Of New Entrants

Mueller Industries, Inc. operates in an industry with high barriers to entry. The company has a strong brand presence, and new entrants would require significant investments to compete effectively.

Intensity Of Rivalry

Mueller Industries, Inc. operates in a highly competitive industry. The company faces intense competition from established players, and the market is characterized by high advertising expenses and frequent product innovations.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	0.38%
Debt Cost	4.65%
Equity Weight	99.62%
Equity Cost	9.37%
WACC	9.35%
Leverage	0.38%

11. Quality Control: Mueller Industries, Inc. passed 9 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Mueller Industries

A-Score: 6.3/10

Value: 4.5

Growth: 7.1

Quality: 7.9

Yield: 2.0

Momentum: 8.5

Volatility: 8.0

1-Year Total Return ->

AZZ

A-Score: 6.3/10

Value: 6.7

Growth: 6.7

Quality: 6.9

Yield: 2.0

Momentum: 8.0

Volatility: 7.3

1-Year Total Return ->

Worthington Industries

A-Score: 5.0/10

Value: 3.6

Growth: 3.1

Quality: 5.7

Yield: 3.0

Momentum: 8.5

Volatility: 6.0

1-Year Total Return ->

Carpenter Technology

A-Score: 4.9/10

Value: 1.1

Growth: 7.2

Quality: 6.9

Yield: 1.0

Momentum: 9.0

Volatility: 4.0

1-Year Total Return ->

ATI

A-Score: 4.6/10

Value: 2.4

Growth: 6.8

Quality: 5.6

Yield: 0.0

Momentum: 8.0

Volatility: 4.7

1-Year Total Return ->

ESAB

A-Score: 4.1/10

Value: 3.0

Growth: 4.7

Quality: 5.9

Yield: 0.0

Momentum: 5.0

Volatility: 6.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

6.60%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

9.35%

Mueller Industries, Inc. - US6247561029

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on MLI

1.c. Company Highlights

Better Quality

Higher Growth

Strong Momentum

Earnings Beats

Revenues Miss

Revenues Beats

Stable Momentum

Earnings Miss

Average Growth

Less Volatile

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.38%)

6. Segments

Piping Systems

Expected Growth: 8.5%

Industrial Metals

Expected Growth: 7.5%

Climate

Expected Growth: 9.0%

Corporate and Eliminations

Expected Growth: 6.0%

7. Detailed Products

Copper Tube

Fittings and Valves

Piping Systems

Heat Exchangers

Fabricated Tube Products

OEM Products

8. Mueller Industries, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Mueller Industries, Inc. passed 9 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

113.49$

Current Price

113.49$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA