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MIDDLEBY CORP (MIDD) Stock Fundamental Analysis

NASDAQ:MIDD - Nasdaq - US5962781010 - Common Stock - Currency: USD

146.94  -2.29 (-1.53%)

After market: 146.94 0 (0%)

Fundamental Rating

5

MIDD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 127 industry peers in the Machinery industry. Both the profitability and the financial health of MIDD get a neutral evaluation. Nothing too spectacular is happening here. MIDD is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

MIDD had positive earnings in the past year.
MIDD had a positive operating cash flow in the past year.
In the past 5 years MIDD has always been profitable.
Each year in the past 5 years MIDD had a positive operating cash flow.
MIDD Yearly Net Income VS EBIT VS OCF VS FCFMIDD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

1.2 Ratios

MIDD has a Return On Assets of 5.87%. This is in the better half of the industry: MIDD outperforms 60.63% of its industry peers.
MIDD has a Return On Equity (11.64%) which is comparable to the rest of the industry.
MIDD has a Return On Invested Capital (8.26%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for MIDD is below the industry average of 10.90%.
Industry RankSector Rank
ROA 5.87%
ROE 11.64%
ROIC 8.26%
ROA(3y)6.01%
ROA(5y)5.93%
ROE(3y)13.24%
ROE(5y)13.96%
ROIC(3y)8.58%
ROIC(5y)7.78%
MIDD Yearly ROA, ROE, ROICMIDD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

With a decent Profit Margin value of 11.26%, MIDD is doing good in the industry, outperforming 78.74% of the companies in the same industry.
MIDD's Profit Margin has been stable in the last couple of years.
The Operating Margin of MIDD (18.44%) is better than 84.25% of its industry peers.
In the last couple of years the Operating Margin of MIDD has remained more or less at the same level.
MIDD's Gross Margin of 38.13% is fine compared to the rest of the industry. MIDD outperforms 70.08% of its industry peers.
MIDD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.44%
PM (TTM) 11.26%
GM 38.13%
OM growth 3Y4.07%
OM growth 5Y0.8%
PM growth 3Y-9.72%
PM growth 5Y-1.46%
GM growth 3Y1.06%
GM growth 5Y0.35%
MIDD Yearly Profit, Operating, Gross MarginsMIDD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MIDD is destroying value.
The number of shares outstanding for MIDD remains at a similar level compared to 1 year ago.
The number of shares outstanding for MIDD has been reduced compared to 5 years ago.
Compared to 1 year ago, MIDD has an improved debt to assets ratio.
MIDD Yearly Shares OutstandingMIDD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
MIDD Yearly Total Debt VS Total AssetsMIDD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

MIDD has an Altman-Z score of 3.21. This indicates that MIDD is financially healthy and has little risk of bankruptcy at the moment.
MIDD's Altman-Z score of 3.21 is in line compared to the rest of the industry. MIDD outperforms 52.76% of its industry peers.
MIDD has a debt to FCF ratio of 3.87. This is a good value and a sign of high solvency as MIDD would need 3.87 years to pay back of all of its debts.
The Debt to FCF ratio of MIDD (3.87) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.63 indicates that MIDD is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.63, MIDD is not doing good in the industry: 64.57% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 3.87
Altman-Z 3.21
ROIC/WACC0.89
WACC9.27%
MIDD Yearly LT Debt VS Equity VS FCFMIDD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

A Current Ratio of 2.72 indicates that MIDD has no problem at all paying its short term obligations.
MIDD's Current ratio of 2.72 is fine compared to the rest of the industry. MIDD outperforms 70.87% of its industry peers.
MIDD has a Quick Ratio of 1.73. This is a normal value and indicates that MIDD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.73, MIDD is in the better half of the industry, outperforming 72.44% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.72
Quick Ratio 1.73
MIDD Yearly Current Assets VS Current LiabilitesMIDD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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4

3. Growth

3.1 Past

MIDD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.42%.
The Earnings Per Share has been growing slightly by 6.89% on average over the past years.
MIDD shows a decrease in Revenue. In the last year, the revenue decreased by -2.56%.
MIDD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.54% yearly.
EPS 1Y (TTM)3.42%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%10.05%
Revenue 1Y (TTM)-2.56%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%-2.19%

3.2 Future

MIDD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.08% yearly.
The Revenue is expected to grow by 2.95% on average over the next years.
EPS Next Y1.84%
EPS Next 2Y5.91%
EPS Next 3Y8.04%
EPS Next 5Y9.08%
Revenue Next Year1.4%
Revenue Next 2Y2.47%
Revenue Next 3Y3%
Revenue Next 5Y2.95%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MIDD Yearly Revenue VS EstimatesMIDD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B
MIDD Yearly EPS VS EstimatesMIDD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5 10

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.18 indicates a correct valuation of MIDD.
Based on the Price/Earnings ratio, MIDD is valued a bit cheaper than 79.53% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.91. MIDD is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 13.80 indicates a correct valuation of MIDD.
80.31% of the companies in the same industry are more expensive than MIDD, based on the Price/Forward Earnings ratio.
MIDD is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.18
Fwd PE 13.8
MIDD Price Earnings VS Forward Price EarningsMIDD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

MIDD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MIDD is cheaper than 68.50% of the companies in the same industry.
86.61% of the companies in the same industry are more expensive than MIDD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.74
EV/EBITDA 11.34
MIDD Per share dataMIDD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MIDD does not grow enough to justify the current Price/Earnings ratio.
MIDD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)8.25
PEG (5Y)2.2
EPS Next 2Y5.91%
EPS Next 3Y8.04%

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0

5. Dividend

5.1 Amount

MIDD does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MIDDLEBY CORP

NASDAQ:MIDD (7/29/2025, 8:01:41 PM)

After market: 146.94 0 (0%)

146.94

-2.29 (-1.53%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)07-31 2025-07-31/amc
Inst Owners108.37%
Inst Owner Change-0.07%
Ins Owners1.36%
Ins Owner Change4.64%
Market Cap7.86B
Analysts76
Price Target180.71 (22.98%)
Short Float %8.1%
Short Ratio5.54
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.13%
Min EPS beat(2)4.3%
Max EPS beat(2)11.96%
EPS beat(4)3
Avg EPS beat(4)2.53%
Min EPS beat(4)-7.73%
Max EPS beat(4)11.96%
EPS beat(8)5
Avg EPS beat(8)1.21%
EPS beat(12)8
Avg EPS beat(12)1.55%
EPS beat(16)9
Avg EPS beat(16)0.83%
Revenue beat(2)0
Avg Revenue beat(2)-3%
Min Revenue beat(2)-5.59%
Max Revenue beat(2)-0.4%
Revenue beat(4)0
Avg Revenue beat(4)-3.7%
Min Revenue beat(4)-6.61%
Max Revenue beat(4)-0.4%
Revenue beat(8)0
Avg Revenue beat(8)-4.07%
Revenue beat(12)1
Avg Revenue beat(12)-3.03%
Revenue beat(16)3
Avg Revenue beat(16)-2.29%
PT rev (1m)0.47%
PT rev (3m)-4.06%
EPS NQ rev (1m)-1.99%
EPS NQ rev (3m)-7.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.12%
Revenue NQ rev (1m)-0.4%
Revenue NQ rev (3m)-3.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.01%
Valuation
Industry RankSector Rank
PE 15.18
Fwd PE 13.8
P/S 2.04
P/FCF 12.74
P/OCF 11.44
P/B 2.11
P/tB N/A
EV/EBITDA 11.34
EPS(TTM)9.68
EY6.59%
EPS(NY)10.64
Fwd EY7.24%
FCF(TTM)11.53
FCFY7.85%
OCF(TTM)12.85
OCFY8.74%
SpS72.08
BVpS69.74
TBVpS-7.85
PEG (NY)8.25
PEG (5Y)2.2
Profitability
Industry RankSector Rank
ROA 5.87%
ROE 11.64%
ROCE 10.91%
ROIC 8.26%
ROICexc 9.33%
ROICexgc 33.2%
OM 18.44%
PM (TTM) 11.26%
GM 38.13%
FCFM 16%
ROA(3y)6.01%
ROA(5y)5.93%
ROE(3y)13.24%
ROE(5y)13.96%
ROIC(3y)8.58%
ROIC(5y)7.78%
ROICexc(3y)9.12%
ROICexc(5y)8.23%
ROICexgc(3y)32.98%
ROICexgc(5y)32.85%
ROCE(3y)11.34%
ROCE(5y)10.28%
ROICexcg growth 3Y-1.32%
ROICexcg growth 5Y-3.17%
ROICexc growth 3Y7.22%
ROICexc growth 5Y0.39%
OM growth 3Y4.07%
OM growth 5Y0.8%
PM growth 3Y-9.72%
PM growth 5Y-1.46%
GM growth 3Y1.06%
GM growth 5Y0.35%
F-Score8
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 3.87
Debt/EBITDA 2.79
Cap/Depr 55.48%
Cap/Sales 1.83%
Interest Coverage 7.52
Cash Conversion 82.01%
Profit Quality 142.01%
Current Ratio 2.72
Quick Ratio 1.73
Altman-Z 3.21
F-Score8
WACC9.27%
ROIC/WACC0.89
Cap/Depr(3y)51.59%
Cap/Depr(5y)46.78%
Cap/Sales(3y)1.72%
Cap/Sales(5y)1.68%
Profit Quality(3y)114.73%
Profit Quality(5y)130.65%
High Growth Momentum
Growth
EPS 1Y (TTM)3.42%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%10.05%
EPS Next Y1.84%
EPS Next 2Y5.91%
EPS Next 3Y8.04%
EPS Next 5Y9.08%
Revenue 1Y (TTM)-2.56%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%-2.19%
Revenue Next Year1.4%
Revenue Next 2Y2.47%
Revenue Next 3Y3%
Revenue Next 5Y2.95%
EBIT growth 1Y0.98%
EBIT growth 3Y10.34%
EBIT growth 5Y6.38%
EBIT Next Year17.27%
EBIT Next 3Y8.92%
EBIT Next 5YN/A
FCF growth 1Y72.24%
FCF growth 3Y19.69%
FCF growth 5Y14.02%
OCF growth 1Y56.18%
OCF growth 3Y17.5%
OCF growth 5Y12.72%