MIDDLEBY CORP (MIDD) Stock Fundamental Analysis
USA - NASDAQ:MIDD - US5962781010 - Common Stock
119.5 USD
-5 (-4.02%)
119.5 USD
0 (0%)
Overall MIDD gets a fundamental rating of 5 out of 10. We evaluated MIDD against 130 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 valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MIDD was profitable.
MIDD had a positive operating cash flow in the past year.
Each year in the past 5 years MIDD has been profitable.
Each year in the past 5 years MIDD had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MIDD (5.79%) is better than 63.08% of its industry peers.
MIDD has a Return On Equity of 11.73%. This is in the better half of the industry: MIDD outperforms 66.92% of its industry peers.
MIDD has a Return On Invested Capital of 8.06%. This is comparable to the rest of the industry: MIDD outperforms 58.46% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MIDD is in line with the industry average of 10.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.79% | ||
| ROE | 11.73% | ||
| ROIC | 8.06% |
ROA(3y)6.01%
ROA(5y)5.93%
ROE(3y)13.24%
ROE(5y)13.96%
ROIC(3y)8.58%
ROIC(5y)7.78%
1.3 Margins
MIDD has a Profit Margin of 11.06%. This is in the better half of the industry: MIDD outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of MIDD has remained more or less at the same level.
The Operating Margin of MIDD (17.90%) is better than 83.08% of its industry peers.
In the last couple of years the Operating Margin of MIDD has remained more or less at the same level.
Looking at the Gross Margin, with a value of 38.05%, MIDD is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Gross Margin of MIDD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.9% | ||
| PM (TTM) | 11.06% | ||
| GM | 38.05% |
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%
2. Health
2.1 Basic Checks
MIDD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MIDD has about the same amount of shares outstanding.
Compared to 5 years ago, MIDD has less shares outstanding
Compared to 1 year ago, MIDD has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.90 indicates that MIDD is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.90, MIDD perfoms like the industry average, outperforming 50.77% of the companies in the same industry.
The Debt to FCF ratio of MIDD is 4.10, which is a neutral value as it means it would take MIDD, 4.10 years of fcf income to pay off all of its debts.
MIDD has a Debt to FCF ratio (4.10) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.64 indicates that MIDD is somewhat dependend on debt financing.
MIDD has a Debt to Equity ratio of 0.64. This is in the lower half of the industry: MIDD underperforms 64.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 4.1 | ||
| Altman-Z | 2.9 |
ROIC/WACC0.92
WACC8.81%
2.3 Liquidity
MIDD has a Current Ratio of 2.57. This indicates that MIDD is financially healthy and has no problem in meeting its short term obligations.
MIDD has a better Current ratio (2.57) than 66.15% of its industry peers.
A Quick Ratio of 1.56 indicates that MIDD should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.56, MIDD is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 4.54% over the past year.
Measured over the past 5 years, MIDD shows a small growth in Earnings Per Share. The EPS has been growing by 6.89% on average per year.
The Revenue has decreased by -4.00% in the past year.
Measured over the past years, MIDD shows a small growth in Revenue. The Revenue has been growing by 5.54% on average per year.
EPS 1Y (TTM)4.54%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%1.72%
Revenue 1Y (TTM)-4%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%3.51%
3.2 Future
Based on estimates for the next years, MIDD will show a small growth in Earnings Per Share. The EPS will grow by 6.87% on average per year.
The Revenue is expected to grow by 2.87% on average over the next years.
EPS Next Y-4.81%
EPS Next 2Y1.29%
EPS Next 3Y4.09%
EPS Next 5Y6.87%
Revenue Next Year-0.2%
Revenue Next 2Y1.93%
Revenue Next 3Y2.52%
Revenue Next 5Y2.87%
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 stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.35, MIDD is valued correctly.
MIDD's Price/Earnings ratio is rather cheap when compared to the industry. MIDD is cheaper than 89.23% of the companies in the same industry.
MIDD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.91.
The Price/Forward Earnings ratio is 12.27, which indicates a correct valuation of MIDD.
Based on the Price/Forward Earnings ratio, MIDD is valued cheaper than 86.92% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.57, MIDD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.35 | ||
| Fwd PE | 12.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MIDD is valued a bit cheaper than 77.69% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MIDD is valued cheaply inside the industry as 91.54% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.46 | ||
| EV/EBITDA | 9.72 |
4.3 Compensation for Growth
The decent profitability rating of MIDD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.79
EPS Next 2Y1.29%
EPS Next 3Y4.09%
5. Dividend
5.1 Amount
No dividends for MIDD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
119.5
-5 (-4.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners112.13%
Inst Owner Change-1.3%
Ins Owners1.44%
Ins Owner Change2.77%
Market Cap6.06B
Revenue(TTM)3.88B
Net Income(TTM)424.78M
Analysts77.5
Price Target160.27 (34.12%)
Short Float %4.77%
Short Ratio3.72
Dividend
| Industry Rank | Sector 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)3.77%
Min EPS beat(2)3.25%
Max EPS beat(2)4.3%
EPS beat(4)3
Avg EPS beat(4)2.94%
Min EPS beat(4)-7.73%
Max EPS beat(4)11.96%
EPS beat(8)5
Avg EPS beat(8)1.22%
EPS beat(12)8
Avg EPS beat(12)1.49%
EPS beat(16)10
Avg EPS beat(16)1.04%
Revenue beat(2)0
Avg Revenue beat(2)-3.62%
Min Revenue beat(2)-5.59%
Max Revenue beat(2)-1.66%
Revenue beat(4)0
Avg Revenue beat(4)-3.57%
Min Revenue beat(4)-6.61%
Max Revenue beat(4)-0.4%
Revenue beat(8)0
Avg Revenue beat(8)-4.08%
Revenue beat(12)1
Avg Revenue beat(12)-3.12%
Revenue beat(16)3
Avg Revenue beat(16)-2.28%
PT rev (1m)-0.19%
PT rev (3m)-6.66%
EPS NQ rev (1m)-1.27%
EPS NQ rev (3m)-10.57%
EPS NY rev (1m)-0.44%
EPS NY rev (3m)-6.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.28%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.35 | ||
| Fwd PE | 12.27 | ||
| P/S | 1.58 | ||
| P/FCF | 10.46 | ||
| P/OCF | 9.18 | ||
| P/B | 1.67 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.72 |
EPS(TTM)9.68
EY8.1%
EPS(NY)9.74
Fwd EY8.15%
FCF(TTM)11.43
FCFY9.56%
OCF(TTM)13.01
OCFY10.89%
SpS75.79
BVpS71.48
TBVpS-11.52
PEG (NY)N/A
PEG (5Y)1.79
Graham Number124.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.79% | ||
| ROE | 11.73% | ||
| ROCE | 10.65% | ||
| ROIC | 8.06% | ||
| ROICexc | 8.76% | ||
| ROICexgc | 29.96% | ||
| OM | 17.9% | ||
| PM (TTM) | 11.06% | ||
| GM | 38.05% | ||
| FCFM | 15.08% |
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%
ROICexgc growth 3Y-1.32%
ROICexgc 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-Score7
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 4.1 | ||
| Debt/EBITDA | 2.86 | ||
| Cap/Depr | 63.08% | ||
| Cap/Sales | 2.09% | ||
| Interest Coverage | 7.45 | ||
| Cash Conversion | 80.93% | ||
| Profit Quality | 136.34% | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z | 2.9 |
F-Score7
WACC8.81%
ROIC/WACC0.92
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)4.54%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%1.72%
EPS Next Y-4.81%
EPS Next 2Y1.29%
EPS Next 3Y4.09%
EPS Next 5Y6.87%
Revenue 1Y (TTM)-4%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%3.51%
Revenue Next Year-0.2%
Revenue Next 2Y1.93%
Revenue Next 3Y2.52%
Revenue Next 5Y2.87%
EBIT growth 1Y-1.13%
EBIT growth 3Y10.34%
EBIT growth 5Y6.38%
EBIT Next Year8.82%
EBIT Next 3Y7.24%
EBIT Next 5YN/A
FCF growth 1Y86.88%
FCF growth 3Y19.69%
FCF growth 5Y14.02%
OCF growth 1Y66.09%
OCF growth 3Y17.5%
OCF growth 5Y12.72%
MIDDLEBY CORP / MIDD FAQ
What is the fundamental rating for MIDD stock?
ChartMill assigns a fundamental rating of 5 / 10 to MIDD.
What is the valuation status for MIDD stock?
ChartMill assigns a valuation rating of 6 / 10 to MIDDLEBY CORP (MIDD). This can be considered as Fairly Valued.
How profitable is MIDDLEBY CORP (MIDD) stock?
MIDDLEBY CORP (MIDD) has a profitability rating of 6 / 10.
How financially healthy is MIDDLEBY CORP?
The financial health rating of MIDDLEBY CORP (MIDD) is 5 / 10.
What is the earnings growth outlook for MIDDLEBY CORP?
The Earnings per Share (EPS) of MIDDLEBY CORP (MIDD) is expected to decline by -4.81% in the next year.