117.59 USD
+5 (+4.44%)
117.59 USD
0 (0%)
Taking everything into account, MIDD scores 5 out of 10 in our fundamental rating. MIDD was compared to 130 industry peers in the Machinery industry. MIDD has only an average score on both its financial health and profitability. MIDD has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MIDD was profitable.
MIDD had a positive operating cash flow in the past year.
In the past 5 years MIDD has always been profitable.
MIDD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MIDD has a Return On Assets of 5.79%. This is in the better half of the industry: MIDD outperforms 63.85% of its industry peers.
MIDD has a Return On Equity of 11.73%. This is in the better half of the industry: MIDD outperforms 68.46% of its industry peers.
MIDD has a Return On Invested Capital (8.06%) which is in line with its industry peers.
MIDD had an Average Return On Invested Capital over the past 3 years of 8.58%. This is in line with the industry average of 10.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.79% | ||
| ROE | 11.73% | ||
| ROIC | 8.06% |
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 has a better Profit Margin (11.06%) than 80.00% of its industry peers.
In the last couple of years the Profit Margin of MIDD has remained more or less at the same level.
The Operating Margin of MIDD (17.90%) is better than 83.08% of its industry peers.
In the last couple of years the Operating Margin of MIDD has remained more or less at the same level.
Looking at the Gross Margin, with a value of 38.05%, MIDD is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
MIDD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.9% | ||
| PM (TTM) | 11.06% | ||
| GM | 38.05% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MIDD is destroying value.
The number of shares outstanding for MIDD remains at a similar level compared to 1 year ago.
The number of shares outstanding for MIDD has been reduced compared to 5 years ago.
Compared to 1 year ago, MIDD has an improved debt to assets ratio.
2.2 Solvency
MIDD has an Altman-Z score of 2.84. This is not the best score and indicates that MIDD is in the grey zone with still only limited risk for bankruptcy at the moment.
MIDD's Altman-Z score of 2.84 is in line compared to the rest of the industry. MIDD outperforms 50.77% of its industry peers.
MIDD has a debt to FCF ratio of 4.10. This is a neutral value as MIDD would need 4.10 years to pay back of all of its debts.
MIDD's Debt to FCF ratio of 4.10 is fine compared to the rest of the industry. MIDD outperforms 60.77% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that MIDD is somewhat dependend on debt financing.
MIDD has a worse Debt to Equity ratio (0.64) than 64.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 4.1 | ||
| Altman-Z | 2.84 |
ROIC/WACC0.92
WACC8.78%
2.3 Liquidity
MIDD has a Current Ratio of 2.57. This indicates that MIDD is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.57, MIDD is doing good in the industry, outperforming 65.38% of the companies in the same industry.
MIDD has a Quick Ratio of 1.56. This is a normal value and indicates that MIDD is financially healthy and should not expect problems in meeting its short term obligations.
MIDD's Quick ratio of 1.56 is fine compared to the rest of the industry. MIDD outperforms 64.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.56 |
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%.
Measured over the past 5 years, MIDD shows a small growth in Earnings Per Share. The EPS has been growing by 6.89% on average per year.
MIDD shows a decrease in Revenue. In the last year, the revenue decreased by -4.00%.
MIDD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.54% yearly.
EPS 1Y (TTM)4.54%
EPS 3Y6.17%
EPS 5Y6.89%
EPS Q2Q%1.72%
Revenue 1Y (TTM)-4%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%3.51%
3.2 Future
Based on estimates for the next years, MIDD will show a small growth in Earnings Per Share. The EPS will grow by 6.87% on average per year.
MIDD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.87% yearly.
EPS Next Y-4.81%
EPS Next 2Y1.29%
EPS Next 3Y4.09%
EPS Next 5Y6.87%
Revenue Next Year-0.2%
Revenue Next 2Y1.93%
Revenue Next 3Y2.52%
Revenue Next 5Y2.87%
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 stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.15 indicates a correct valuation of MIDD.
Based on the Price/Earnings ratio, MIDD is valued cheaply inside the industry as 91.54% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MIDD to the average of the S&P500 Index (25.45), we can say MIDD is valued rather cheaply.
A Price/Forward Earnings ratio of 12.08 indicates a correct valuation of MIDD.
86.15% of the companies in the same industry are more expensive than MIDD, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.46, MIDD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 12.08 |
4.2 Price Multiples
MIDD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MIDD is cheaper than 79.23% 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 91.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.29 | ||
| EV/EBITDA | 9.29 |
4.3 Compensation for Growth
MIDD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.76
EPS Next 2Y1.29%
EPS Next 3Y4.09%
5. Dividend
5.1 Amount
MIDD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
117.59
+5 (+4.44%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners112.13%
Inst Owner Change-1.26%
Ins Owners1.44%
Ins Owner Change0%
Market Cap5.92B
Revenue(TTM)3.88B
Net Income(TTM)424.78M
Analysts77.5
Price Target156.32 (32.94%)
Short Float %5.27%
Short Ratio3.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)3.77%
Min EPS beat(2)3.25%
Max EPS beat(2)4.3%
EPS beat(4)3
Avg EPS beat(4)2.94%
Min EPS beat(4)-7.73%
Max EPS beat(4)11.96%
EPS beat(8)5
Avg EPS beat(8)1.22%
EPS beat(12)8
Avg EPS beat(12)1.49%
EPS beat(16)10
Avg EPS beat(16)1.04%
Revenue beat(2)0
Avg Revenue beat(2)-3.62%
Min Revenue beat(2)-5.59%
Max Revenue beat(2)-1.66%
Revenue beat(4)0
Avg Revenue beat(4)-3.57%
Min Revenue beat(4)-6.61%
Max Revenue beat(4)-0.4%
Revenue beat(8)0
Avg Revenue beat(8)-4.08%
Revenue beat(12)1
Avg Revenue beat(12)-3.12%
Revenue beat(16)3
Avg Revenue beat(16)-2.28%
PT rev (1m)-0.19%
PT rev (3m)-6.66%
EPS NQ rev (1m)-1.01%
EPS NQ rev (3m)-10.57%
EPS NY rev (1m)-0.44%
EPS NY rev (3m)-6.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.28%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 12.08 | ||
| P/S | 1.55 | ||
| P/FCF | 10.29 | ||
| P/OCF | 9.04 | ||
| P/B | 1.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.29 |
EPS(TTM)9.68
EY8.23%
EPS(NY)9.74
Fwd EY8.28%
FCF(TTM)11.43
FCFY9.72%
OCF(TTM)13.01
OCFY11.07%
SpS75.79
BVpS71.48
TBVpS-11.52
PEG (NY)N/A
PEG (5Y)1.76
Graham Number124.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.79% | ||
| ROE | 11.73% | ||
| ROCE | 10.65% | ||
| ROIC | 8.06% | ||
| ROICexc | 8.76% | ||
| ROICexgc | 29.96% | ||
| OM | 17.9% | ||
| PM (TTM) | 11.06% | ||
| GM | 38.05% | ||
| FCFM | 15.08% |
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-Score7
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 4.1 | ||
| Debt/EBITDA | 2.86 | ||
| Cap/Depr | 63.08% | ||
| Cap/Sales | 2.09% | ||
| Interest Coverage | 7.45 | ||
| Cash Conversion | 80.93% | ||
| Profit Quality | 136.34% | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z | 2.84 |
F-Score7
WACC8.78%
ROIC/WACC0.92
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-4.81%
EPS Next 2Y1.29%
EPS Next 3Y4.09%
EPS Next 5Y6.87%
Revenue 1Y (TTM)-4%
Revenue growth 3Y6.03%
Revenue growth 5Y5.54%
Sales Q2Q%3.51%
Revenue Next Year-0.2%
Revenue Next 2Y1.93%
Revenue Next 3Y2.52%
Revenue Next 5Y2.87%
EBIT growth 1Y-1.13%
EBIT growth 3Y10.34%
EBIT growth 5Y6.38%
EBIT Next Year8.82%
EBIT Next 3Y7.24%
EBIT Next 5YN/A
FCF growth 1Y86.88%
FCF growth 3Y19.69%
FCF growth 5Y14.02%
OCF growth 1Y66.09%
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 for MIDD stock?
ChartMill assigns a valuation rating of 6 / 10 to MIDDLEBY CORP (MIDD). This can be considered as Fairly Valued.
How profitable is MIDDLEBY CORP (MIDD) stock?
MIDDLEBY CORP (MIDD) has a profitability rating of 6 / 10.
How financially healthy is MIDDLEBY CORP?
The financial health rating of MIDDLEBY CORP (MIDD) is 5 / 10.
What is the earnings growth outlook for MIDDLEBY CORP?
The Earnings per Share (EPS) of MIDDLEBY CORP (MIDD) is expected to decline by -4.81% in the next year.