The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. More Details
Slightly overvalued with questionable track record.
Share Price & News
How has Middleby's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIDD has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MIDD underperformed the US Machinery industry which returned 14.5% over the past year.
Return vs Market: MIDD underperformed the US Market which returned 17.2% over the past year.
Price Volatility Vs. Market
How volatile is Middleby's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StA Look At Middleby's (NASDAQ:MIDD) Share Price Returns
2 weeks ago | Simply Wall StEstimating The Fair Value Of The Middleby Corporation (NASDAQ:MIDD)
1 month ago | Simply Wall StShould You Take Comfort From Insider Transactions At The Middleby Corporation (NASDAQ:MIDD)?
Is Middleby undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MIDD ($89.71) is trading above our estimate of fair value ($78.81)
Significantly Below Fair Value: MIDD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIDD is good value based on its PE Ratio (17.4x) compared to the US Machinery industry average (24.3x).
PE vs Market: MIDD is good value based on its PE Ratio (17.4x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: MIDD is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: MIDD is overvalued based on its PB Ratio (2.6x) compared to the US Machinery industry average (2.1x).
How is Middleby forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIDD's forecast earnings growth (10% per year) is above the savings rate (2.2%).
Earnings vs Market: MIDD's earnings (10% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: MIDD's earnings are forecast to grow, but not significantly.
Revenue vs Market: MIDD's revenue (4.6% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: MIDD's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MIDD's Return on Equity is forecast to be high in 3 years time
How has Middleby performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIDD has high quality earnings.
Growing Profit Margin: MIDD's current net profit margins (10.7%) are lower than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: MIDD's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: MIDD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MIDD had negative earnings growth (-13.1%) over the past year, making it difficult to compare to the Machinery industry average (-12.7%).
Return on Equity
High ROE: MIDD's Return on Equity (14.7%) is considered low.
How is Middleby's financial position?
Financial Position Analysis
Short Term Liabilities: MIDD's short term assets ($1.7B) exceed its short term liabilities ($504.6M).
Long Term Liabilities: MIDD's short term assets ($1.7B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: MIDD's debt to equity ratio (122.9%) is considered high.
Reducing Debt: MIDD's debt to equity ratio has increased from 53.1% to 122.9% over the past 5 years.
Debt Coverage: MIDD's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: MIDD's interest payments on its debt are well covered by EBIT (5.8x coverage).
What is Middleby current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIDD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MIDD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MIDD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIDD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIDD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim FitzGerald (50 yo)
Mr. Timothy J. FitzGerald, also known as Tim, has been Chief Executive Officer and Director since February 16, 2019 and served as the Chief Financial Officer of The Middleby Corporation (formerly known as ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD7.20M) is about average for companies of similar size in the US market ($USD7.33M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Director||1.58yrs||US$7.20m||0.68% |
|Chief Financial Officer||1.58yrs||US$1.92m||0.026% |
|Executive VP & COO||1.58yrs||US$4.39m||0.14% |
|VP, Treasurer & Secretary||1.58yrs||US$1.78m||0.13% |
|Division President of Middleby India & Global Chief Information Officer||no data||no data||no data|
|President of CookTek and President of Carter-Hoffmann||1.08yrs||no data||no data|
|President Food Processing Group||no data||US$583.49k||no data|
|President of Blodgett Oven Company||13.42yrs||US$497.09k||no data|
|VP of Supply Chain & Group President of Houno A/S||11.67yrs||no data||no data|
|President of Carter-Hoffmann LLC||13.25yrs||no data||no data|
|President of Southbend Operations||10.58yrs||no data||no data|
Experienced Management: MIDD's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|CEO & Director||1.58yrs||US$7.20m||0.68% |
|Independent Chairman of the Board||1.58yrs||US$233.71k||0.067% |
|Independent Director||42.67yrs||US$233.71k||0.031% |
|Independent Director||4.83yrs||US$233.71k||0.014% |
|Independent Director||6.83yrs||US$223.71k||0.013% |
|Independent Director||1.08yrs||US$41.67k||0.028% |
|Independent Director||3.33yrs||US$218.71k||0.013% |
Experienced Board: MIDD's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Middleby Corporation's company bio, employee growth, exchange listings and data sources
- Name: The Middleby Corporation
- Ticker: MIDD
- Exchange: NasdaqGS
- Founded: 1888
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$4.989b
- Shares outstanding: 55.62m
- Website: https://www.middleby.com
Number of Employees
- The Middleby Corporation
- 1400 Toastmaster Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIDD||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 1987|
|MBY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1987|
|0K1G||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Aug 1987|
The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/01 00:22|
|End of Day Share Price||2020/09/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.