156.45 USD
+5.8 (+3.85%)
156.45 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MIDD. MIDD was compared to 132 industry peers in the Machinery industry. MIDD has only an average score on both its financial health and profitability. 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.
In the past year MIDD had a positive cash flow from operations.
MIDD had positive earnings in each of the past 5 years.
Each year in the past 5 years MIDD had a positive operating cash flow.
1.2 Ratios
MIDD has a Return On Assets of -3.18%. This is in the lower half of the industry: MIDD underperforms 77.27% of its industry peers.
MIDD has a worse Return On Equity (-6.89%) than 73.48% of its industry peers.
MIDD has a better Return On Invested Capital (9.38%) than 68.94% 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 10.21%.
The 3 year average ROIC (8.58%) for MIDD is below the current ROIC(9.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.18% | ||
| ROE | -6.89% | ||
| ROIC | 9.38% |
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's Profit Margin has been stable in the last couple of years.
MIDD has a better Operating Margin (17.25%) than 81.06% 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 has a better Gross Margin (37.82%) than 71.21% of its industry peers.
MIDD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.82% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MIDD is still creating some value.
The number of shares outstanding for MIDD remains at a similar level compared to 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 3.37. This indicates that MIDD is financially healthy and has little risk of bankruptcy at the moment.
MIDD has a Altman-Z score (3.37) which is comparable to the rest of the industry.
MIDD has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as MIDD would need 3.50 years to pay back of all of its debts.
MIDD has a Debt to FCF ratio of 3.50. This is in the better half of the industry: MIDD outperforms 65.15% of its industry peers.
MIDD has a Debt/Equity ratio of 0.69. This is a neutral value indicating MIDD is somewhat dependend on debt financing.
MIDD has a worse Debt to Equity ratio (0.69) than 67.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 3.37 |
ROIC/WACC1.03
WACC9.06%
2.3 Liquidity
A Current Ratio of 2.07 indicates that MIDD has no problem at all paying its short term obligations.
The Current ratio of MIDD (2.07) is comparable to the rest of the industry.
MIDD has a Quick Ratio of 1.10. This is a normal value and indicates that MIDD is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.10, MIDD perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
MIDD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.54%.
The Earnings Per Share has been growing slightly by 6.89% on average over the past years.
The Revenue has been growing slightly by 0.27% in the past year.
The Revenue has been growing slightly by 5.54% on average over the past years.
EPS 1Y (TTM)4.54%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%1.72%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%3.51%
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 8.75% yearly.
Based on estimates for the next years, MIDD will show a small growth in Revenue. The Revenue will grow by 2.97% on average per year.
EPS Next Y-2.48%
EPS Next 2Y1.38%
EPS Next 3Y3.93%
EPS Next 5Y8.75%
Revenue Next Year0.38%
Revenue Next 2Y1.73%
Revenue Next 3Y2.25%
Revenue Next 5Y2.97%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.16, which indicates a correct valuation of MIDD.
MIDD's Price/Earnings ratio is rather cheap when compared to the industry. MIDD is cheaper than 85.61% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.87. MIDD is valued slightly cheaper when compared to this.
MIDD is valuated correctly with a Price/Forward Earnings ratio of 16.04.
Based on the Price/Forward Earnings ratio, MIDD is valued cheaply inside the industry as 82.58% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.46, MIDD is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.16 | ||
| Fwd PE | 16.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MIDD is valued a bit cheaper than 70.45% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MIDD indicates a rather cheap valuation: MIDD is cheaper than 88.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.36 | ||
| EV/EBITDA | 11.87 |
4.3 Compensation for Growth
The decent profitability rating of MIDD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.34
EPS Next 2Y1.38%
EPS Next 3Y3.93%
5. Dividend
5.1 Amount
MIDD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
156.45
+5.8 (+3.85%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners108.51%
Inst Owner Change0%
Ins Owners1.45%
Ins Owner Change0%
Market Cap7.88B
Revenue(TTM)3.88B
Net Income(TTM)-202.37M
Analysts78.75
Price Target162.56 (3.91%)
Short Float %4.75%
Short Ratio2.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)7.74%
Min EPS beat(2)3.25%
Max EPS beat(2)12.24%
EPS beat(4)4
Avg EPS beat(4)7.94%
Min EPS beat(4)3.25%
Max EPS beat(4)12.24%
EPS beat(8)6
Avg EPS beat(8)2.78%
EPS beat(12)9
Avg EPS beat(12)3.28%
EPS beat(16)11
Avg EPS beat(16)2.2%
Revenue beat(2)1
Avg Revenue beat(2)-0.73%
Min Revenue beat(2)-1.66%
Max Revenue beat(2)0.19%
Revenue beat(4)1
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-5.59%
Max Revenue beat(4)0.19%
Revenue beat(8)1
Avg Revenue beat(8)-3.32%
Revenue beat(12)2
Avg Revenue beat(12)-2.68%
Revenue beat(16)4
Avg Revenue beat(16)-2.09%
PT rev (1m)4%
PT rev (3m)1.24%
EPS NQ rev (1m)0.34%
EPS NQ rev (3m)-2.31%
EPS NY rev (1m)0.1%
EPS NY rev (3m)1.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.16 | ||
| Fwd PE | 16.04 | ||
| P/S | 2.03 | ||
| P/FCF | 13.36 | ||
| P/OCF | 11.6 | ||
| P/B | 2.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.87 |
EPS(TTM)9.68
EY6.19%
EPS(NY)9.75
Fwd EY6.23%
FCF(TTM)11.71
FCFY7.49%
OCF(TTM)13.48
OCFY8.62%
SpS77.04
BVpS58.32
TBVpS-11.08
PEG (NY)N/A
PEG (5Y)2.34
Graham Number112.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.18% | ||
| ROE | -6.89% | ||
| ROCE | 12.39% | ||
| ROIC | 9.38% | ||
| ROICexc | 9.69% | ||
| ROICexgc | 29.25% | ||
| OM | 17.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.82% | ||
| FCFM | 15.21% |
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-Score5
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.5 | ||
| Debt/EBITDA | 2.54 | ||
| Cap/Depr | 68.86% | ||
| Cap/Sales | 2.3% | ||
| Interest Coverage | 7.16 | ||
| Cash Conversion | 85.04% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 3.37 |
F-Score5
WACC9.06%
ROIC/WACC1.03
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-2.48%
EPS Next 2Y1.38%
EPS Next 3Y3.93%
EPS Next 5Y8.75%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%3.51%
Revenue Next Year0.38%
Revenue Next 2Y1.73%
Revenue Next 3Y2.25%
Revenue Next 5Y2.97%
EBIT growth 1Y-3.36%
EBIT growth 3Y10.34%
EBIT growth 5Y6.38%
EBIT Next Year9.36%
EBIT Next 3Y6.08%
EBIT Next 5YN/A
FCF growth 1Y33.22%
FCF growth 3Y19.69%
FCF growth 5Y14.02%
OCF growth 1Y27.6%
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 of MIDDLEBY CORP (MIDD) stock?
ChartMill assigns a valuation rating of 6 / 10 to MIDDLEBY CORP (MIDD). This can be considered as Fairly Valued.
What is the profitability of MIDD stock?
MIDDLEBY CORP (MIDD) has a profitability rating of 6 / 10.
What is the expected EPS growth for MIDDLEBY CORP (MIDD) stock?
The Earnings per Share (EPS) of MIDDLEBY CORP (MIDD) is expected to decline by -2.48% in the next year.