The Middleby Corporation Statistics
Total Valuation
MIDD has a market cap or net worth of $6.50 billion. The enterprise value is $8.57 billion.
| Market Cap | 6.50B |
| Enterprise Value | 8.57B |
Important Dates
The next estimated earnings date is Thursday, August 1, 2024, before market open.
| Earnings Date | Aug 1, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
MIDD has 53.77 million shares outstanding. The number of shares has increased by 0.03% in one year.
| Shares Outstanding | 53.77M |
| Shares Change (YoY) | +0.03% |
| Shares Change (QoQ) | +1.16% |
| Owned by Insiders (%) | 1.27% |
| Owned by Institutions (%) | 103.21% |
| Float | 47.47M |
Valuation Ratios
The trailing PE ratio is 16.84 and the forward PE ratio is 11.59. MIDD's PEG ratio is 1.16.
| PE Ratio | 16.84 |
| Forward PE | 11.59 |
| PS Ratio | 1.64 |
| Forward PS | 1.55 |
| PB Ratio | 1.96 |
| P/FCF Ratio | 10.76 |
| PEG Ratio | 1.16 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.44, with an EV/FCF ratio of 14.19.
| EV / Earnings | 22.08 |
| EV / Sales | 2.17 |
| EV / EBITDA | 11.44 |
| EV / EBIT | 13.84 |
| EV / FCF | 14.19 |
Financial Position
The company has a current ratio of 2.41, with a Debt / Equity ratio of 0.73.
| Current Ratio | 2.41 |
| Quick Ratio | 1.13 |
| Debt / Equity | 0.73 |
| Debt / EBITDA | 3.22 |
| Debt / FCF | 4.00 |
| Interest Coverage | 5.29 |
Financial Efficiency
Return on equity (ROE) is 12.30% and return on invested capital (ROIC) is 8.25%.
| Return on Equity (ROE) | 12.30% |
| Return on Assets (ROA) | 5.60% |
| Return on Capital (ROIC) | 8.25% |
| Revenue Per Employee | $368,974 |
| Profits Per Employee | $36,221 |
| Employee Count | 10,722 |
| Asset Turnover | 0.57 |
| Inventory Turnover | 2.38 |
Taxes
In the past 12 months, MIDD has paid $113.94 million in taxes.
| Income Tax | 113.94M |
| Effective Tax Rate | 22.68% |
Stock Price Statistics
The stock price has decreased by -18.06% in the last 52 weeks. The beta is 1.60, so MIDD's price volatility has been higher than the market average.
| Beta (5Y) | 1.60 |
| 52-Week Price Change | -18.06% |
| 50-Day Moving Average | 131.17 |
| 200-Day Moving Average | 136.12 |
| Relative Strength Index (RSI) | 38.46 |
| Average Volume (20 Days) | 572,437 |
Short Selling Information
The latest short interest is 2.64 million, so 4.91% of the outstanding shares have been sold short.
| Short Interest | 2.64M |
| Short Previous Month | 2.40M |
| Short % of Shares Out | 4.91% |
| Short % of Float | 5.56% |
| Short Ratio (days to cover) | 4.45 |
Income Statement
In the last 12 months, MIDD had revenue of $3.96 billion and earned $388.36 million in profits. Earnings per share was $7.18.
| Revenue | 3.96B |
| Gross Profit | 1.50B |
| Operating Income | 610.98M |
| Pretax Income | 502.30M |
| Net Income | 388.36M |
| EBITDA | 749.53M |
| EBIT | 619.46M |
| Earnings Per Share (EPS) | $7.18 |
Balance Sheet
The company has $341.02 million in cash and $2.41 billion in debt, giving a net cash position of -$2.07 billion or -$38.57 per share.
| Cash & Cash Equivalents | 341.02M |
| Total Debt | 2.41B |
| Net Cash | -2.07B |
| Net Cash Per Share | -$38.57 |
| Equity (Book Value) | 3.31B |
| Book Value Per Share | 61.58 |
| Working Capital | 1.18B |
Cash Flow
In the last 12 months, operating cash flow was $677.69 million and capital expenditures -$73.44 million, giving a free cash flow of $604.25 million.
| Operating Cash Flow | 677.69M |
| Capital Expenditures | -73.44M |
| Free Cash Flow | 604.25M |
| FCF Per Share | $11.26 |
Margins
Gross margin is 37.96%, with operating and profit margins of 15.44% and 9.82%.
| Gross Margin | 37.96% |
| Operating Margin | 15.44% |
| Pretax Margin | 12.70% |
| Profit Margin | 9.82% |
| EBITDA Margin | 18.95% |
| EBIT Margin | 15.66% |
| FCF Margin | 15.27% |
Dividends & Yields
MIDD does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | 3 |
| Payout Ratio | n/a |
| Buyback Yield | -0.03% |
| Shareholder Yield | -0.03% |
| Earnings Yield | 5.97% |
| FCF Yield | 9.30% |
Analyst Forecast
The average price target for MIDD is $157.25, which is 30.07% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $157.25 |
| Price Target Difference | 30.07% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | 3.38% |
| EPS Growth Forecast (5Y) | 15.57% |
Stock Splits
The last stock split was on June 27, 2014. It was a forward split with a ratio of 3:1.
| Last Split Date | Jun 27, 2014 |
| Split Type | Forward |
| Split Ratio | 3:1 |
Scores
MIDD has an Altman Z-Score of 2.95 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.95 |
| Piotroski F-Score | 7 |