MIDDLEBY CORP (MIDD) Stock Fundamental Analysis
USA - NASDAQ:MIDD - US5962781010 - Common Stock
123.2 USD
+3.14 (+2.62%)
123.2 USD
0 (0%)
Overall MIDD gets a fundamental rating of 5 out of 10. We evaluated MIDD against 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MIDD had positive earnings in the past year.
In the past year MIDD had a positive cash flow from operations.
MIDD had positive earnings in each of the past 5 years.
MIDD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.79%, MIDD is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.73%, MIDD is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
With a Return On Invested Capital value of 8.06%, MIDD perfoms like the industry average, outperforming 58.46% of the companies in the same industry.
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 Profit Margin of 11.06%. This is in the better half of the industry: MIDD outperforms 78.46% of its industry peers.
MIDD's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 17.90%, MIDD belongs to the best of the industry, outperforming 83.08% of the companies in the same industry.
In the last couple of years the Operating Margin of MIDD has remained more or less at the same level.
MIDD has a Gross Margin of 38.05%. This is in the better half of the industry: MIDD outperforms 70.00% of its industry peers.
In the last couple of years the Gross Margin of MIDD has remained more or less at the same level.
| 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.
MIDD has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MIDD has less shares outstanding
MIDD has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.91 indicates that MIDD is not a great score, but indicates only limited risk for bankruptcy at the moment.
MIDD has a Altman-Z score of 2.91. This is comparable to the rest of the industry: MIDD outperforms 51.54% of its industry peers.
The Debt to FCF ratio of MIDD is 4.10, which is a neutral value as it means it would take MIDD, 4.10 years of fcf income to pay off all of its debts.
MIDD has a Debt to FCF ratio (4.10) which is comparable to the rest of the industry.
MIDD has a Debt/Equity ratio of 0.64. This is a neutral value indicating MIDD is somewhat dependend on debt financing.
MIDD's Debt to Equity ratio of 0.64 is on the low side compared to the rest of the industry. MIDD is outperformed by 66.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 4.1 | ||
| Altman-Z | 2.91 |
ROIC/WACC0.91
WACC8.86%
2.3 Liquidity
A Current Ratio of 2.57 indicates that MIDD has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.57, MIDD is doing good in the industry, outperforming 66.15% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that MIDD should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.56, MIDD is doing good in the industry, outperforming 66.15% of the companies in the same industry.
| 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%.
The Revenue has been growing slightly by 5.54% on average over the past years.
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
MIDD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.87% yearly.
The Revenue is expected to grow by 2.87% on average over the next years.
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
With a Price/Earnings ratio of 12.73, MIDD is valued correctly.
Based on the Price/Earnings ratio, MIDD is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
MIDD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.83.
MIDD is valuated correctly with a Price/Forward Earnings ratio of 12.65.
86.92% of the companies in the same industry are more expensive than MIDD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 32.68. MIDD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.73 | ||
| Fwd PE | 12.65 |
4.2 Price Multiples
74.62% of the companies in the same industry are more expensive than MIDD, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MIDD indicates a rather cheap valuation: MIDD is cheaper than 92.31% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.78 | ||
| EV/EBITDA | 9.75 |
4.3 Compensation for Growth
The decent profitability rating of MIDD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.85
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 |
123.2
+3.14 (+2.62%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners112.13%
Inst Owner Change0.11%
Ins Owners1.44%
Ins Owner Change2.77%
Market Cap6.24B
Revenue(TTM)3.88B
Net Income(TTM)424.78M
Analysts77.5
Price Target160.27 (30.09%)
Short Float %4.77%
Short Ratio3.72
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)-11.31%
EPS NQ rev (1m)-1.27%
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)-1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.73 | ||
| Fwd PE | 12.65 | ||
| P/S | 1.63 | ||
| P/FCF | 10.78 | ||
| P/OCF | 9.47 | ||
| P/B | 1.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.75 |
EPS(TTM)9.68
EY7.86%
EPS(NY)9.74
Fwd EY7.9%
FCF(TTM)11.43
FCFY9.28%
OCF(TTM)13.01
OCFY10.56%
SpS75.79
BVpS71.48
TBVpS-11.52
PEG (NY)N/A
PEG (5Y)1.85
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 | 2.91 |
F-Score7
WACC8.86%
ROIC/WACC0.91
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.