MIDDLEBY CORP (MIDD)
US5962781010 - Common Stock
MIDD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 132 industry peers in the Machinery industry. MIDD has an excellent profitability rating, but there are some minor concerns on its financial health. MIDD is not valued too expensively and it also shows a decent growth rate.
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.
MIDD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.81%, MIDD is doing good in the industry, outperforming 64.34% of the companies in the same industry.
MIDD has a Return On Equity of 12.34%. This is in the better half of the industry: MIDD outperforms 65.12% of its industry peers.
The Return On Invested Capital of MIDD (9.28%) is better than 65.12% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MIDD is below the industry average of 10.68%.
The last Return On Invested Capital (9.28%) for MIDD is above the 3 year average (8.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | 12.34% | ||
| ROIC | 9.28% |
ROA(3y)6.6%
ROA(5y)6.17%
ROE(3y)15.84%
ROE(5y)15.22%
ROIC(3y)8.42%
ROIC(5y)8.07%
1.3 Margins
MIDD has a better Profit Margin (9.93%) than 73.64% of its industry peers.
In the last couple of years the Profit Margin of MIDD has declined.
MIDD has a better Operating Margin (18.01%) than 84.50% of its industry peers.
MIDD's Operating Margin has been stable in the last couple of years.
MIDD has a better Gross Margin (38.00%) than 75.19% of its industry peers.
MIDD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.01% | ||
| PM (TTM) | 9.93% | ||
| GM | 38% |
OM growth 3Y8.95%
OM growth 5Y1.06%
PM growth 3Y6.39%
PM growth 5Y-3.14%
GM growth 3Y2.69%
GM growth 5Y0.6%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MIDD is still creating some value.
MIDD has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MIDD has less shares outstanding
The debt/assets ratio for MIDD has been reduced compared to a year ago.
2.2 Solvency
MIDD has an Altman-Z score of 3.12. This indicates that MIDD is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 3.12, MIDD perfoms like the industry average, outperforming 48.84% of the companies in the same industry.
The Debt to FCF ratio of MIDD is 4.48, which is a neutral value as it means it would take MIDD, 4.48 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MIDD (4.48) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.73 indicates that MIDD is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.73, MIDD is not doing good in the industry: 69.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.48 | ||
| Altman-Z | 3.12 |
ROIC/WACC1.07
WACC8.65%
2.3 Liquidity
MIDD has a Current Ratio of 2.31. This indicates that MIDD is financially healthy and has no problem in meeting its short term obligations.
MIDD has a Current ratio (2.31) which is in line with its industry peers.
A Quick Ratio of 1.21 indicates that MIDD should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.21, MIDD is in line with its industry, outperforming 51.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
MIDD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.04%.
MIDD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.13% yearly.
The Revenue has been growing slightly by 0.09% in the past year.
MIDD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.19% yearly.
EPS 1Y (TTM)6.04%
EPS 3Y24.8%
EPS 5Y11.13%
EPS growth Q2Q3.11%
Revenue 1Y (TTM)0.09%
Revenue growth 3Y17.11%
Revenue growth 5Y8.19%
Revenue growth Q2Q-2.24%
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 8.94% yearly.
MIDD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.07% yearly.
EPS Next Y8.59%
EPS Next 2Y8.8%
EPS Next 3Y8.38%
EPS Next 5Y8.94%
Revenue Next Year1.84%
Revenue Next 2Y2.83%
Revenue Next 3Y2.97%
Revenue Next 5Y3.07%
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 14.30, MIDD is valued correctly.
MIDD's Price/Earnings ratio is rather cheap when compared to the industry. MIDD is cheaper than 80.62% of the companies in the same industry.
When comparing the Price/Earnings ratio of MIDD to the average of the S&P500 Index (28.43), we can say MIDD is valued slightly cheaper.
MIDD is valuated correctly with a Price/Forward Earnings ratio of 13.16.
Based on the Price/Forward Earnings ratio, MIDD is valued cheaper than 81.40% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MIDD to the average of the S&P500 Index (20.51), we can say MIDD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.3 | ||
| Fwd PE | 13.16 |
4.2 Price Multiples
MIDD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MIDD is cheaper than 67.44% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MIDD is valued cheaply inside the industry as 84.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.7 | ||
| EV/EBITDA | 11.06 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of MIDD may justify a higher PE ratio.
PEG (NY)1.66
PEG (5Y)1.28
EPS Next 2Y8.8%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
MIDD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MIDDLEBY CORP
NASDAQ:MIDD (5/10/2024, 7:06:19 PM)
After market: 138.09 0 (0%)138.09
+1.81 (+1.33%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap7.42B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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EPS NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.3 | ||
| Fwd PE | 13.16 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.66
PEG (5Y)1.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | 12.34% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.01% | ||
| PM (TTM) | 9.93% | ||
| GM | 38% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.04%
EPS 3Y24.8%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.59%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.09%
Revenue growth 3Y17.11%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y