148.06 USD
+1.69 (+1.15%)
Overall MIDD gets a fundamental rating of 5 out of 10. We evaluated MIDD against 132 industry peers in the Machinery industry. Both the profitability and the financial health of MIDD get a neutral evaluation. Nothing too spectacular is happening here. MIDD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year MIDD was profitable.
- In the past year MIDD had a positive cash flow from operations.
- Each year in the past 5 years MIDD has been profitable.
- Each year in the past 5 years MIDD had a positive operating cash flow.
1.2 Ratios
- MIDD has a worse Return On Assets (-3.18%) than 77.27% of its industry peers.
- The Return On Equity of MIDD (-6.89%) is worse than 73.48% of its industry peers.
- MIDD's Return On Invested Capital of 9.38% is fine compared to the rest of the industry. MIDD outperforms 68.94% of 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%.
- The 3 year average ROIC (8.58%) for MIDD is below the current ROIC(9.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.18% | ||
| ROE | -6.89% | ||
| ROIC | 9.38% |
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's Profit Margin has been stable in the last couple of years.
- MIDD has a Operating Margin of 17.25%. This is amongst the best in the industry. MIDD outperforms 81.06% of its industry peers.
- MIDD's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 37.82%, MIDD is in the better half of the industry, outperforming 71.97% of the companies in the same industry.
- 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 | 17.25% | ||
| PM (TTM) | N/A | ||
| GM | 37.82% |
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
- MIDD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for MIDD remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, MIDD has less shares outstanding
- Compared to 1 year ago, MIDD has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 3.33 indicates that MIDD is not in any danger for bankruptcy at the moment.
- MIDD has a Altman-Z score (3.33) which is in line with its industry peers.
- The Debt to FCF ratio of MIDD is 3.50, which is a good value as it means it would take MIDD, 3.50 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.50, MIDD is in the better half of the industry, outperforming 64.39% of the companies in the same industry.
- MIDD has a Debt/Equity ratio of 0.69. This is a neutral value indicating MIDD is somewhat dependend on debt financing.
- MIDD's Debt to Equity ratio of 0.69 is on the low side compared to the rest of the industry. MIDD is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 3.33 |
ROIC/WACC1.04
WACC9.03%
2.3 Liquidity
- MIDD has a Current Ratio of 2.07. This indicates that MIDD is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 2.07, MIDD is in line with its industry, outperforming 49.24% of the companies in the same industry.
- MIDD has a Quick Ratio of 1.10. 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 1.10 is in line compared to the rest of the industry. MIDD outperforms 41.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 4.54% over the past year.
- MIDD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.89% yearly.
- The Revenue has been growing slightly by 0.27% in the past year.
- 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)0.27%
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 quite strong growth in Earnings Per Share. The EPS will grow by 8.59% on average per year.
- MIDD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.01% yearly.
EPS Next Y-2.73%
EPS Next 2Y1.52%
EPS Next 3Y3.85%
EPS Next 5Y8.59%
Revenue Next Year-0.15%
Revenue Next 2Y1.81%
Revenue Next 3Y2.42%
Revenue Next 5Y3.01%
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 accelerating.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.30, the valuation of MIDD can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of MIDD indicates a rather cheap valuation: MIDD is cheaper than 87.88% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of MIDD to the average of the S&P500 Index (27.21), we can say MIDD is valued slightly cheaper.
- The Price/Forward Earnings ratio is 15.14, which indicates a correct valuation of MIDD.
- 84.09% of the companies in the same industry are more expensive than MIDD, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of MIDD to the average of the S&P500 Index (25.98), we can say MIDD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.3 | ||
| Fwd PE | 15.14 |
4.2 Price Multiples
- 74.24% of the companies in the same industry are more expensive than MIDD, based on the Enterprise Value to EBITDA ratio.
- 88.64% of the companies in the same industry are more expensive than MIDD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.64 | ||
| EV/EBITDA | 11.6 |
4.3 Compensation for Growth
- The decent profitability rating of MIDD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.22
EPS Next 2Y1.52%
EPS Next 3Y3.85%
5. Dividend
5.1 Amount
- No dividends for MIDD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 of MIDDLEBY CORP (MIDD) stock?
ChartMill assigns a valuation rating of 6 / 10 to MIDDLEBY CORP (MIDD). This can be considered as Fairly Valued.
What is the profitability of MIDD stock?
MIDDLEBY CORP (MIDD) has a profitability rating of 6 / 10.
What is the expected EPS growth for MIDDLEBY CORP (MIDD) stock?
The Earnings per Share (EPS) of MIDDLEBY CORP (MIDD) is expected to decline by -2.73% in the next year.