Middleby Corp

Company Profile

Middleby Corp had its IPO on 1992-03-17 under the ticker symbol MIDD.

The company operates in the Industrials sector and Specialty Industrial Machinery industry. Middleby Corp has a staff strength of 11,268 employees.

Stock update

Shares of Middleby Corp opened at $137.03 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $136.4 - $138.18, and closed at $137.

This is a -0.72% slip from the previous day's closing price.

A total volume of 378,829 shares were traded at the close of the day’s session.

In the last one week, shares of Middleby Corp have slipped by -6.5%.

Middleby Corp's Key Ratios

Middleby Corp has a market cap of $7.40 billion, indicating a price to book ratio of 2.9757 and a price to sales ratio of 1.9543.

In the last 12-months Middleby Corp’s revenue was $4.07 billion with a gross profit of $1.45 billion and an EBITDA of $837.69 million. The EBITDA ratio measures Middleby Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Middleby Corp’s operating margin was 17.6% while its return on assets stood at 6.61% with a return of equity of 16.74%.

In Q2, Middleby Corp’s quarterly earnings growth was a positive 4.3% while revenue growth was a positive 2.6%.

Middleby Corp’s PE and PEG Ratio

Forward PE

13.4771

Trailing PE

16.6868

PEG

1.1643

Its diluted EPS in the last 12-months stands at $8.27 per share while it has a forward price to earnings multiple of 13.4771 and a PEG multiple of 1.1643. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Middleby Corp’s profitability.

Middleby Corp stock is trading at a EV to sales ratio of 2.599 and a EV to EBITDA ratio of 13.289. Its price to sales ratio in the trailing 12-months stood at 1.9543.

Middleby Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$6.98 billion

Total Liabilities

$878.41 million

Operating Cash Flow

$-48816000.00

Capital Expenditure

$23.01 million

Dividend Payout Ratio

0%

Middleby Corp ended 2024 with $6.98 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.98 billion while shareholder equity stood at $3.00 billion.

Middleby Corp ended 2024 with $216.22 million in deferred long-term liabilities, $878.41 million in other current liabilities, 148000.00 in common stock, $3.71 billion in retained earnings and $2.45 billion in goodwill. Its cash balance stood at $157.28 million and cash and short-term investments were $157.28 million. The company’s total short-term debt was $44,250,000 while long-term debt stood at $2.69 billion.

Middleby Corp’s total current assets stands at $2.04 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $643.41 million compared to accounts payable of $232.74 million and inventory worth $1.08 billion.

In 2024, Middleby Corp's operating cash flow was $-48816000.00 while its capital expenditure stood at $23.01 million.

Comparatively, Middleby Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$137

52-Week High

$162.02

52-Week Low

$122.33

Analyst Target Price

$174.38

Middleby Corp stock is currently trading at $137 per share. It touched a 52-week high of $162.02 and a 52-week low of $162.02. Analysts tracking the stock have a 12-month average target price of $174.38.

Its 50-day moving average was $144.52 and 200-day moving average was $143.76 The short ratio stood at 4.83 indicating a short percent outstanding of 0%.

Around 123.4% of the company’s stock are held by insiders while 10175.8% are held by institutions.