The Middleby Corporation (MIDD)

NASDAQ: MIDD · IEX Real-Time Price · USD
159.53
+3.78 (2.43%)
At close: Mar 27, 2024, 4:00 PM
159.79
+0.26 (0.16%)
After-hours: Mar 27, 2024, 7:15 PM EDT

Total Valuation

MIDD has a market cap or net worth of $8.55 billion. The enterprise value is $10.73 billion.

Market Cap 8.55B
Enterprise Value 10.73B

Important Dates

The next estimated earnings date is Wednesday, May 8, 2024, before market open.

Earnings Date May 8, 2024
Ex-Dividend Date n/a

Share Statistics

MIDD has 53.60 million shares outstanding. The number of shares has decreased by -1.57% in one year.

Shares Outstanding 53.60M
Shares Change (YoY) -1.57%
Shares Change (QoQ) -0.72%
Owned by Insiders (%) 1.37%
Owned by Institutions (%) 102.50%
Float 47.88M

Valuation Ratios

The trailing PE ratio is 21.53 and the forward PE ratio is 15.23. MIDD's PEG ratio is 1.16.

PE Ratio 21.53
Forward PE 15.23
PS Ratio 2.12
Forward PS 2.03
PB Ratio 2.63
P/FCF Ratio 15.73
PEG Ratio 1.16
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.89, with an EV/FCF ratio of 19.74.

EV / Earnings 26.76
EV / Sales 2.66
EV / EBITDA 13.89
EV / EBIT 16.77
EV / FCF 19.74

Financial Position

The company has a current ratio of 2.31, with a Debt / Equity ratio of 0.75.

Current Ratio 2.31
Quick Ratio 1.05
Debt / Equity 0.75
Debt / EBITDA 3.14
Debt / FCF 4.46
Interest Coverage 5.32

Financial Efficiency

Return on equity (ROE) is 13.10% and return on invested capital (ROIC) is 8.63%.

Return on Equity (ROE) 13.10%
Return on Assets (ROA) 5.80%
Return on Capital (ROIC) 8.63%
Revenue Per Employee $376,479
Profits Per Employee $37,389
Employee Count 10,722
Asset Turnover 0.58
Inventory Turnover 2.49

Taxes

In the past 12 months, MIDD has paid $118.50 million in taxes.

Income Tax 118.50M
Effective Tax Rate 22.81%

Stock Price Statistics

The stock price has increased by +15.73% in the last 52 weeks. The beta is 1.56, so MIDD's price volatility has been higher than the market average.

Beta (1Y) 1.56
52-Week Price Change +15.73%
50-Day Moving Average 148.52
200-Day Moving Average 138.96
Relative Strength Index (RSI) 65.11
Average Volume (30 Days) 354,760

Short Selling Information

The latest short interest is 2.15 million, so 4.01% of the outstanding shares have been sold short.

Short Interest 2.15M
Short Previous Month 2.26M
Short % of Shares Out 4.01%
Short % of Float 4.49%
Short Ratio (days to cover) 5.38

Income Statement

In the last 12 months, MIDD had revenue of $4.04 billion and earned $400.88 million in profits. Earnings per share was $7.41.

Revenue 4.04B
Gross Profit 1.53B
Operating Income 634.87M
Pretax Income 519.38M
Net Income 400.88M
EBITDA 772.33M
EBIT 639.73M
Earnings Per Share (EPS) $7.41
Full Income Statement

Balance Sheet

The company has $247.50 million in cash and $2.43 billion in debt, giving a net cash position of -$2.18 billion or -$40.63 per share.

Cash & Cash Equivalents 247.50M
Total Debt 2.43B
Net Cash -2.18B
Net Cash Per Share -$40.63
Equity / Book Value 3.25B
Book Value Per Share 60.63
Working Capital 1.11B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $628.79 million and capital expenditures -$85.18 million, giving a free cash flow of $543.61 million.

Operating Cash Flow 628.79M
Capital Expenditures -85.18M
Free Cash Flow 543.61M
FCF Per Share $10.15
Full Cash Flow Statement

Margins

Gross margin is 38.00%, with operating and profit margins of 15.73% and 9.93%.

Gross Margin 38.00%
Operating Margin 15.73%
Pretax Margin 12.87%
Profit Margin 9.93%
EBITDA Margin 19.13%
EBIT Margin 15.85%
FCF Margin 13.47%

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 1.57%
Shareholder Yield 1.57%
Earnings Yield 4.69%
FCF Yield 6.36%
Dividend Details

Analyst Forecast

The average price target for MIDD is $162.11, which is 1.62% higher than the current price. The consensus rating is "Strong Buy".

Price Target $162.11
Price Target Difference 1.62%
Analyst Consensus Strong Buy
Analyst Count 9
Revenue Growth Forecast (5Y) 3.18%
EPS Growth Forecast (5Y) 16.34%
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 3.28 and a Piotroski F-Score of 8.

Altman Z-Score 3.28
Piotroski F-Score 8