The Middleby Corporation (MIDD)
NASDAQ: MIDD · Real-Time Price · USD
135.73
-0.60 (-0.44%)
Nov 20, 2024, 4:00 PM EST - Market closed

The Middleby Corporation Statistics

Total Valuation

MIDD has a market cap or net worth of $7.30 billion. The enterprise value is $9.12 billion.

Market Cap 7.30B
Enterprise Value 9.12B

Important Dates

The last earnings date was Thursday, October 31, 2024, before market open.

Earnings Date Oct 31, 2024
Ex-Dividend Date n/a

Share Statistics

MIDD has 53.79 million shares outstanding. The number of shares has decreased by -0.32% in one year.

Current Share Class 53.79M
Shares Outstanding 53.79M
Shares Change (YoY) -0.32%
Shares Change (QoQ) -0.06%
Owned by Insiders (%) 1.34%
Owned by Institutions (%) 92.42%
Float 46.47M

Valuation Ratios

The trailing PE ratio is 18.70 and the forward PE ratio is 14.02.

PE Ratio 18.70
Forward PE 14.02
PS Ratio 1.88
Forward PS 1.73
PB Ratio 2.03
P/TBV Ratio n/a
P/FCF Ratio 11.21
P/OCF Ratio 10.39
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 11.05, with an EV/FCF ratio of 14.01.

EV / Earnings 23.25
EV / Sales 2.36
EV / EBITDA 11.05
EV / EBIT 12.95
EV / FCF 14.01

Financial Position

The company has a current ratio of 2.81, with a Debt / Equity ratio of 0.68.

Current Ratio 2.81
Quick Ratio 1.58
Debt / Equity 0.68
Debt / EBITDA 2.80
Debt / FCF 3.73
Interest Coverage 7.01

Financial Efficiency

Return on equity (ROE) is 11.73% and return on invested capital (ROIC) is 7.51%.

Return on Equity (ROE) 11.73%
Return on Assets (ROA) 6.23%
Return on Capital (ROIC) 7.51%
Revenue Per Employee $360,927
Profits Per Employee $36,600
Employee Count 10,722
Asset Turnover 0.55
Inventory Turnover 2.50

Taxes

In the past 12 months, MIDD has paid $118.80 million in taxes.

Income Tax 118.80M
Effective Tax Rate 23.24%

Stock Price Statistics

The stock price has increased by +8.78% in the last 52 weeks. The beta is 1.58, so MIDD's price volatility has been higher than the market average.

Beta (5Y) 1.58
52-Week Price Change +8.78%
50-Day Moving Average 137.32
200-Day Moving Average 138.30
Relative Strength Index (RSI) 47.02
Average Volume (20 Days) 708,005

Short Selling Information

The latest short interest is 2.58 million, so 4.79% of the outstanding shares have been sold short.

Short Interest 2.58M
Short Previous Month 2.73M
Short % of Shares Out 4.79%
Short % of Float 5.55%
Short Ratio (days to cover) 4.65

Income Statement

In the last 12 months, MIDD had revenue of $3.87 billion and earned $392.42 million in profits. Earnings per share was $7.26.

Revenue 3.87B
Gross Profit 1.47B
Operating Income 704.33M
Pretax Income 500.93M
Net Income 392.42M
EBITDA 825.52M
EBIT 704.33M
Earnings Per Share (EPS) $7.26
Full Income Statement

Balance Sheet

The company has $608.81 million in cash and $2.43 billion in debt, giving a net cash position of -$1.82 billion or -$33.86 per share.

Cash & Cash Equivalents 608.81M
Total Debt 2.43B
Net Cash -1.82B
Net Cash Per Share -$33.86
Equity (Book Value) 3.59B
Book Value Per Share 66.82
Working Capital 1.48B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $702.77 million and capital expenditures -$51.70 million, giving a free cash flow of $651.07 million.

Operating Cash Flow 702.77M
Capital Expenditures -51.70M
Free Cash Flow 651.07M
FCF Per Share $12.10
Full Cash Flow Statement

Margins

Gross margin is 37.94%, with operating and profit margins of 18.20% and 10.14%.

Gross Margin 37.94%
Operating Margin 18.20%
Pretax Margin 13.21%
Profit Margin 10.14%
EBITDA Margin 21.33%
EBIT Margin 18.20%
FCF Margin 18.01%

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 n/a
Payout Ratio n/a
Buyback Yield 0.32%
Shareholder Yield 0.32%
Earnings Yield 5.37%
FCF Yield 8.92%
Dividend Details

Analyst Forecast

The average price target for MIDD is $158.00, which is 16.41% higher than the current price. The consensus rating is "Buy".

Price Target $158.00
Price Target Difference 16.41%
Analyst Consensus Buy
Analyst Count 7
Revenue Growth Forecast (5Y) 3.38%
EPS Growth Forecast (5Y) 15.57%
Stock Forecasts

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 3.14 and a Piotroski F-Score of 7.

Altman Z-Score 3.14
Piotroski F-Score 7