The Middleby Corporation (MIDD)
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 |
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 |
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 |
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 |
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% |
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 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 |