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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.07
MIDD's Cash to Debt is ranked lower than
61% of the 2028 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.77 vs. MIDD: 0.07 )
MIDD' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.78
Current: 0.07

0.01
0.78
Equity to Asset 0.50
MIDD's Equity to Asset is ranked higher than
63% of the 2015 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.50 vs. MIDD: 0.50 )
MIDD' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.57
Current: 0.5

0.03
0.57
Interest Coverage 15.37
MIDD's Interest Coverage is ranked higher than
57% of the 1333 Companies
in the Global Diversified Industrials industry.

( Industry Median: 30.94 vs. MIDD: 15.37 )
MIDD' s 10-Year Interest Coverage Range
Min: 1.07   Max: 20.36
Current: 15.37

1.07
20.36
F-Score: 6
Z-Score: 5.51
M-Score: -2.39
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 18.53
MIDD's Operating margin (%) is ranked higher than
95% of the 2032 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.50 vs. MIDD: 18.53 )
MIDD' s 10-Year Operating margin (%) Range
Min: 2.34   Max: 19.08
Current: 18.53

2.34
19.08
Net-margin (%) 12.13
MIDD's Net-margin (%) is ranked higher than
91% of the 2032 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.53 vs. MIDD: 12.13 )
MIDD' s 10-Year Net-margin (%) Range
Min: -3.02   Max: 11.63
Current: 12.13

-3.02
11.63
ROE (%) 22.01
MIDD's ROE (%) is ranked higher than
96% of the 2017 Companies
in the Global Diversified Industrials industry.

( Industry Median: 7.89 vs. MIDD: 22.01 )
MIDD' s 10-Year ROE (%) Range
Min: -8.25   Max: 115.51
Current: 22.01

-8.25
115.51
ROA (%) 10.32
MIDD's ROA (%) is ranked higher than
94% of the 2047 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.77 vs. MIDD: 10.32 )
MIDD' s 10-Year ROA (%) Range
Min: -3.94   Max: 15.44
Current: 10.32

-3.94
15.44
ROC (Joel Greenblatt) (%) 79.42
MIDD's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 2046 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.49 vs. MIDD: 79.42 )
MIDD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.19   Max: 159.97
Current: 79.42

6.19
159.97
Revenue Growth (%) 24.80
MIDD's Revenue Growth (%) is ranked higher than
96% of the 1804 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.40 vs. MIDD: 24.80 )
MIDD' s 10-Year Revenue Growth (%) Range
Min: -8.7   Max: 34.3
Current: 24.8

-8.7
34.3
EBITDA Growth (%) 25.80
MIDD's EBITDA Growth (%) is ranked higher than
90% of the 1586 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.40 vs. MIDD: 25.80 )
MIDD' s 10-Year EBITDA Growth (%) Range
Min: -49.3   Max: 88.2
Current: 25.8

-49.3
88.2
EPS Growth (%) 27.60
MIDD's EPS Growth (%) is ranked higher than
89% of the 1416 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.50 vs. MIDD: 27.60 )
MIDD' s 10-Year EPS Growth (%) Range
Min: -18.3   Max: 137.1
Current: 27.6

-18.3
137.1
» MIDD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

MIDD Guru Trades in Q4 2013

Columbia Wanger 410,600 sh (+9.35%)
Ron Baron 1,337,532 sh (+2.9%)
Chuck Royce 19,500 sh (unchged)
Mario Gabelli 1,600 sh (unchged)
NWQ Managers 21,274 sh (-1.18%)
RS Investment Management 161,050 sh (-8.65%)
Alan Fournier 212,796 sh (-23.54%)
Steven Cohen 1,215 sh (-24.81%)
John Rogers 43,506 sh (-32.26%)
» More
Q1 2014

MIDD Guru Trades in Q1 2014

Jim Simons 1,490 sh (New)
George Soros 1,100 sh (New)
Paul Tudor Jones 1,124 sh (New)
Steven Cohen 4,694 sh (+286.34%)
RS Investment Management 179,369 sh (+11.37%)
Mario Gabelli 1,600 sh (unchged)
Columbia Wanger 410,600 sh (unchged)
Chuck Royce 19,500 sh (unchged)
NWQ Managers Sold Out
Ron Baron 1,336,453 sh (-0.08%)
Alan Fournier 184,296 sh (-13.39%)
John Rogers 33,984 sh (-21.89%)
» More
Q2 2014

MIDD Guru Trades in Q2 2014

Jim Simons 68,770 sh (+1438.48%)
Alan Fournier 1,476,284 sh (+167.01%)
Columbia Wanger 1,495,800 sh (+21.43%)
Ron Baron 4,203,901 sh (+4.85%)
Mario Gabelli 4,800 sh (unchged)
Chuck Royce 58,500 sh (unchged)
George Soros Sold Out
Paul Tudor Jones Sold Out
John Rogers 99,525 sh (-2.38%)
RS Investment Management 435,318 sh (-19.1%)
» More
Q3 2014

MIDD Guru Trades in Q3 2014

Joel Greenblatt 6,842 sh (New)
Paul Tudor Jones 3,278 sh (New)
Alan Fournier 1,976,704 sh (+33.9%)
Jim Simons 77,670 sh (+12.94%)
Ron Baron 4,271,376 sh (+1.61%)
Mario Gabelli 4,800 sh (unchged)
RS Investment Management Sold Out
Chuck Royce Sold Out
Columbia Wanger 1,486,800 sh (-0.6%)
John Rogers 98,825 sh (-0.7%)
» More
» Details

Insider Trades

Latest Guru Trades with MIDD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-09-30 New Buy0.01%$71.77 - $91.85 $ 93.3612%6842
George Soros 2014-06-30 Sold Out $72.517 - $91.37 $ 93.3613%0
NWQ Managers 2014-03-31 Sold Out 0.05%$79.3 - $99.92 $ 93.367%0
John Rogers 2014-03-31 Reduce -21.89%0.03%$79.3 - $99.92 $ 93.367%101952
George Soros 2014-03-31 New Buy$79.3 - $99.92 $ 93.367%3300
John Rogers 2013-12-31 Reduce -32.26%0.06%$68.24 - $81.62 $ 93.3626%130518
NWQ Managers 2013-09-30 Reduce -45.38%0.03%$58.22 - $72.07 $ 93.3645%64581
Ken Heebner 2013-06-30 Sold Out 0.07%$47.38 - $57.74 $ 93.3678%0
Ron Baron 2013-03-31 Add 12.44%0.11%$42.74 - $50.86 $ 93.3695%3549480
NWQ Managers 2013-03-31 Reduce -64.75%0.08%$42.74 - $50.86 $ 93.3695%125715
Ken Heebner 2013-03-31 New Buy0.07%$42.74 - $50.86 $ 93.3695%60000
Joel Greenblatt 2013-03-31 Sold Out 0.04%$42.74 - $50.86 $ 93.3695%0
Mario Gabelli 2013-03-31 New Buy$42.74 - $50.86 $ 93.3695%4800
NWQ Managers 2012-12-31 Reduce -34.82%0.05%$38.86 - $44.13 $ 93.36125%356616
John Rogers 2012-09-30 Reduce -37.72%0.09%$31.65 - $39.9 $ 93.36160%198267
Joel Greenblatt 2012-09-30 New Buy0.04%$31.65 - $39.9 $ 93.36160%15957
John Rogers 2012-03-31 Reduce -39.84%0.19%$30.8 - $34.54 $ 93.36207%395475
NWQ Managers 2011-09-30 Add 48.35%0.03%$22.71 - $32.23 $ 93.36250%645417
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Guru Investment Theses on The Middleby Corp

Baron Funds Comments on Middleby Corp - May 02, 2014

The Middleby Corp. (MIDD), a leading manufacturer of food equipment, reported strong full year earnings, including more than 10% organic sales growth, well ahead of most of its industrial peers. The superior growth is demonstrative of Middleby's strong product technology and the value that the company brings to its customers. Management continues to be enthusiastic regarding the company's growth prospects and new product introductions in 2014. (Rebecca Ellin)



From Baron Funds' first quarter 2014 letter to investors.



Check out Ron Baron latest stock trades

Ron Baron Comments on The Middleby Corp. - Apr 24, 2013

Leading restaurant kitchen equipment manufacturer The Middleby Corp. (MIDD) has integrated several acquisitions that appeared relatively expensive before cost and revenue synergies. These acquisitions have permitted the company to better leverage its distribution, sales force, manufacturing assets and technology. The acquisitions have also allowed Middleby to deliver more energy efficient professional equipment at superior value to its competitors.

From Ron Baron’s Baron Funds first quarter 2013 investor letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about The Middleby Corp

Fournier Finds Time for His Own Investments in the Third Quarter
On the surface, it seems that hedge fund manager Alan Fournier (Trades, Portfolio) would be too busy managing other people’s money to worry about his own investments. After all, he manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd. and Pennant General Partner, LLC. Read more...
Baron Funds Comments on Middleby Corp
The Middleby Corp. (MIDD), a leading manufacturer of food equipment, reported strong full year earnings, including more than 10% organic sales growth, well ahead of most of its industrial peers. The superior growth is demonstrative of Middleby's strong product technology and the value that the company brings to its customers. Management continues to be enthusiastic regarding the company's growth prospects and new product introductions in 2014. (Rebecca Ellin) Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 28.40
MIDD's P/E(ttm) is ranked higher than
66% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 23.20 vs. MIDD: 28.40 )
MIDD' s 10-Year P/E(ttm) Range
Min: 5.79   Max: 36.13
Current: 28.4

5.79
36.13
P/B 5.70
MIDD's P/B is ranked lower than
55% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. MIDD: 5.70 )
MIDD' s 10-Year P/B Range
Min: 1.57   Max: 72.25
Current: 5.7

1.57
72.25
P/S 3.40
MIDD's P/S is ranked lower than
52% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.05 vs. MIDD: 3.40 )
MIDD' s 10-Year P/S Range
Min: 0.57   Max: 3.9
Current: 3.4

0.57
3.9
PFCF 25.60
MIDD's PFCF is ranked higher than
76% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 41.27 vs. MIDD: 25.60 )
MIDD' s 10-Year PFCF Range
Min: 4.74   Max: 61.41
Current: 25.6

4.74
61.41
EV-to-EBIT 19.90
MIDD's EV-to-EBIT is ranked higher than
67% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 16.88 vs. MIDD: 19.90 )
MIDD' s 10-Year EV-to-EBIT Range
Min: 4.9   Max: 25.3
Current: 19.9

4.9
25.3
PEG 1.26
MIDD's PEG is ranked higher than
87% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 9999.00 vs. MIDD: 1.26 )
MIDD' s 10-Year PEG Range
Min: 0.17   Max: 2.37
Current: 1.26

0.17
2.37
Shiller P/E 47.00
MIDD's Shiller P/E is ranked higher than
76% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 68.79 vs. MIDD: 47.00 )
MIDD' s 10-Year Shiller P/E Range
Min: 9.29   Max: 78.42
Current: 47

9.29
78.42
Current Ratio 1.83
MIDD's Current Ratio is ranked higher than
66% of the 2037 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.86 vs. MIDD: 1.83 )
MIDD' s 10-Year Current Ratio Range
Min: 0.67   Max: 2.97
Current: 1.83

0.67
2.97
Quick Ratio 1.04
MIDD's Quick Ratio is ranked higher than
57% of the 2037 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.28 vs. MIDD: 1.04 )
MIDD' s 10-Year Quick Ratio Range
Min: 0.44   Max: 1.61
Current: 1.04

0.44
1.61

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 2.06
MIDD's Price/DCF (Projected) is ranked higher than
75% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.06 vs. MIDD: 2.06 )
MIDD' s 10-Year Price/DCF (Projected) Range
Min: 0.47   Max: 2.26
Current: 2.06

0.47
2.26
Price/Median PS Value 1.65
MIDD's Price/Median PS Value is ranked higher than
50% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.16 vs. MIDD: 1.65 )
MIDD' s 10-Year Price/Median PS Value Range
Min: 0.04   Max: 1.66
Current: 1.65

0.04
1.66
Price/Peter Lynch Fair Value 1.16
MIDD's Price/Peter Lynch Fair Value is ranked higher than
92% of the 2161 Companies
in the Global Diversified Industrials industry.

( Industry Median: 9999.00 vs. MIDD: 1.16 )
MIDD' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.22   Max: 5.78
Current: 1.16

0.22
5.78
Earnings Yield (Greenblatt) 4.90
MIDD's Earnings Yield (Greenblatt) is ranked higher than
65% of the 2035 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.30 vs. MIDD: 4.90 )
MIDD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4   Max: 20.2
Current: 4.9

4
20.2
Forward Rate of Return (Yacktman) 26.34
MIDD's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 1222 Companies
in the Global Diversified Industrials industry.

( Industry Median: 7.66 vs. MIDD: 26.34 )
MIDD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 13.3   Max: 84.9
Current: 26.34

13.3
84.9

Business Description

Industry: Industrial Products » Diversified Industrials
Compare:UTX, MMM, ARG, AP, EMR » details
Traded in other countries:MBY.Germany,
The Middleby Corp was founded in 1888 as a manufacturer of baking ovens: Middleby Marshall Oven Company and is incorporated in the state of Delaware. The Company is engaged in the design, manufacture, marketing, distribution, and service of a line of cooking and warming equipment used in all types of commercial restaurants and institutional kitchens and food preparation, cooking and packaging equipment for food processing operations. The Company conducts its business through two main business segments: the Commercial Foodservice Equipment Group and the Food Processing Equipment Group. The Commercial Foodservice Equipment Group offers conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, warming equipment, heated cabinets, charbroliers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, and beverage equipment used across all types of foodservice operations, including quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels and other institutions. Commercial foodservice equipment is marketed under a portfolio of thirty one brands, including Anets, Beech, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, CookTek, Doyon, Frifri, Giga, Holman, Houno, IMC, Jade, Lang, Lincat, MagiKitch'n, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco Frialator, Southbend, Star, Toastmaster, TurboChef and Wells. The Food Processing Equipment Group offers cooking and baking solutions including, batch ovens, baking ovens, proofing ovens, conveyor ovens, continuous processing ovens, frying systems and automated thermal processing systems. Food processing equipment is marketed under a portfolio of eleven brands, including Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Cozzini, Danfotech, Drake, Maurer-Atmos, MP Equipment, RapidPak and Stewart Systems. The company's products and services are marketed in the U.S. and in over 100 countries through a combination of the Company's sales personnel and international marketing divisions and subsidiaries, together with an extensive network of independent dealers, distributors, consultants, sales representatives and agents. The Company's competitors to the Commercial Foodservice Equipment Group are: Manitowoc Company, Inc.; Vulcan-Hart and Hobart Corporation, subsidiaries of Illinois Tool Works Inc.; Electrolux AB; Groen, a subsidiary of Dover Corporation; Rational AG; and the Ali Group. Competitors to the Food Processing Equipment Group include AMF Bakery Systems, Convenience Food Systems, FMC Technologies, Multivac, Marel, Formax, and Heat and Control. The residential kitchen appliance sector is highly competitive and includes a number of global competitors including, Whirlpool Corporation, AB Electrolux, GE Appliances, LG Corpor

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