MIDDLEBY CORP (MIDD) Stock Fundamental Analysis
USA - NASDAQ:MIDD - US5962781010 - Common Stock
134.59 USD
-4.19 (-3.02%)
134.59 USD
0 (0%)
Overall MIDD gets a fundamental rating of 5 out of 10. We evaluated MIDD against 128 industry peers in the Machinery industry. MIDD has an average financial health and profitability rating. MIDD has a valuation in line with the averages, 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.
In the past 5 years MIDD has always been profitable.
Each year in the past 5 years MIDD had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.79%, MIDD is in the better half of the industry, outperforming 61.72% of the companies in the same industry.
The Return On Equity of MIDD (11.73%) is better than 64.84% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.06%, MIDD is in line with its industry, outperforming 58.59% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MIDD is in line with the industry average of 10.02%.
| 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
With a decent Profit Margin value of 11.06%, MIDD is doing good in the industry, outperforming 78.13% of the companies in the same industry.
MIDD's Profit Margin has been stable in the last couple of years.
MIDD's Operating Margin of 17.90% is amongst the best of the industry. MIDD outperforms 85.16% of its industry peers.
MIDD's Operating Margin has been stable in the last couple of years.
MIDD has a Gross Margin of 38.05%. This is in the better half of the industry: MIDD outperforms 70.31% of its industry peers.
MIDD's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
2.2 Solvency
An Altman-Z score of 3.02 indicates that MIDD is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.02, MIDD is in line with its industry, outperforming 51.56% of the companies in the same industry.
MIDD has a debt to FCF ratio of 4.10. This is a neutral value as MIDD would need 4.10 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.10, MIDD perfoms like the industry average, outperforming 57.81% of the companies in the same industry.
MIDD has a Debt/Equity ratio of 0.64. This is a neutral value indicating MIDD is somewhat dependend on debt financing.
MIDD's Debt to Equity ratio of 0.64 is on the low side compared to the rest of the industry. MIDD is outperformed by 64.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 4.1 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.86
WACC9.34%
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.
Looking at the Current ratio, with a value of 2.57, MIDD is in the better half of the industry, outperforming 67.19% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that MIDD should not have too much problems paying its short term obligations.
MIDD has a Quick ratio of 1.56. This is in the better half of the industry: MIDD outperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
MIDD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.88%.
MIDD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.89% yearly.
Looking at the last year, MIDD shows a decrease in Revenue. The Revenue has decreased by -1.70% in the last 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)3.88%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%-1.67%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%-1.38%
3.2 Future
The Earnings Per Share is expected to grow by 6.89% on average over the next years.
The Revenue is expected to grow by 2.80% on average over the next years.
EPS Next Y-4.66%
EPS Next 2Y1.65%
EPS Next 3Y5.24%
EPS Next 5Y6.89%
Revenue Next Year-0.2%
Revenue Next 2Y1.8%
Revenue Next 3Y2.5%
Revenue Next 5Y2.8%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
MIDD is valuated correctly with a Price/Earnings ratio of 13.96.
Compared to the rest of the industry, the Price/Earnings ratio of MIDD indicates a rather cheap valuation: MIDD is cheaper than 86.72% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, MIDD is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.73 indicates a correct valuation of MIDD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MIDD indicates a rather cheap valuation: MIDD is cheaper than 82.81% of the companies listed in the same industry.
MIDD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.96 | ||
| Fwd PE | 13.73 |
4.2 Price Multiples
77.34% of the companies in the same industry are more expensive than MIDD, based on the Enterprise Value to EBITDA ratio.
91.41% of the companies in the same industry are more expensive than MIDD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.78 | ||
| EV/EBITDA | 10.66 |
4.3 Compensation for Growth
MIDD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.03
EPS Next 2Y1.65%
EPS Next 3Y5.24%
5. Dividend
5.1 Amount
MIDD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
134.59
-4.19 (-3.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners108.42%
Inst Owner Change-6.7%
Ins Owners1.36%
Ins Owner Change2.77%
Market Cap6.82B
Analysts76
Price Target160.58 (19.31%)
Short Float %5.94%
Short Ratio2.94
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)-6.48%
PT rev (3m)-10.72%
EPS NQ rev (1m)-1.2%
EPS NQ rev (3m)-18.86%
EPS NY rev (1m)-6.39%
EPS NY rev (3m)-5.37%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)-3.84%
Revenue NY rev (1m)-1.73%
Revenue NY rev (3m)-1.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.96 | ||
| Fwd PE | 13.73 | ||
| P/S | 1.78 | ||
| P/FCF | 11.78 | ||
| P/OCF | 10.34 | ||
| P/B | 1.88 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.66 |
EPS(TTM)9.64
EY7.16%
EPS(NY)9.81
Fwd EY7.29%
FCF(TTM)11.43
FCFY8.49%
OCF(TTM)13.01
OCFY9.67%
SpS75.79
BVpS71.48
TBVpS-11.52
PEG (NY)N/A
PEG (5Y)2.03
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%
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-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 | 3.02 |
F-Score7
WACC9.34%
ROIC/WACC0.86
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)3.88%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%-1.67%
EPS Next Y-4.66%
EPS Next 2Y1.65%
EPS Next 3Y5.24%
EPS Next 5Y6.89%
Revenue 1Y (TTM)-1.7%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%-1.38%
Revenue Next Year-0.2%
Revenue Next 2Y1.8%
Revenue Next 3Y2.5%
Revenue Next 5Y2.8%
EBIT growth 1Y-1.13%
EBIT growth 3Y10.34%
EBIT growth 5Y6.38%
EBIT Next Year15.05%
EBIT Next 3Y11.04%
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%