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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
65% of the 1902 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.35 vs. MIDD: 0.07 )
MIDD' s 10-Year Cash to Debt Range
Min: 0.02   Max: 0.52
Current: 0.07

0.02
0.52
Equity to Asset 0.46
MIDD's Equity to Asset is ranked higher than
54% of the 1914 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.53 vs. MIDD: 0.46 )
MIDD' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.52
Current: 0.46

0.03
0.52
Interest Coverage 15.37
MIDD's Interest Coverage is ranked higher than
58% of the 1274 Companies
in the Global Diversified Industrials industry.

( Industry Median: 24.60 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: 5
Z-Score: 4.80
M-Score: -2.23
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 (%) 17.11
MIDD's Operating margin (%) is ranked higher than
94% of the 1909 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.93 vs. MIDD: 17.11 )
MIDD' s 10-Year Operating margin (%) Range
Min: 2.34   Max: 19.08
Current: 17.11

2.34
19.08
Net-margin (%) 10.77
MIDD's Net-margin (%) is ranked higher than
89% of the 1909 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.16 vs. MIDD: 10.77 )
MIDD' s 10-Year Net-margin (%) Range
Min: -3.02   Max: 11.63
Current: 10.77

-3.02
11.63
ROE (%) 18.36
MIDD's ROE (%) is ranked higher than
94% of the 1896 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.48 vs. MIDD: 18.36 )
MIDD' s 10-Year ROE (%) Range
Min: -8.95   Max: 326.93
Current: 18.36

-8.95
326.93
ROA (%) 8.46
MIDD's ROA (%) is ranked higher than
91% of the 1912 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.38 vs. MIDD: 8.46 )
MIDD' s 10-Year ROA (%) Range
Min: -4.01   Max: 14.87
Current: 8.46

-4.01
14.87
ROC (Joel Greenblatt) (%) 75.38
MIDD's ROC (Joel Greenblatt) (%) is ranked higher than
97% of the 1908 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.69 vs. MIDD: 75.38 )
MIDD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.42   Max: 144.14
Current: 75.38

6.42
144.14
Revenue Growth (%) 24.80
MIDD's Revenue Growth (%) is ranked higher than
94% of the 1516 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.40 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
89% of the 1256 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.10 vs. MIDD: 25.80 )
MIDD' s 10-Year EBITDA Growth (%) Range
Min: -49.5   Max: 88.2
Current: 25.8

-49.5
88.2
EPS Growth (%) 27.40
MIDD's EPS Growth (%) is ranked higher than
86% of the 1135 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.20 vs. MIDD: 27.40 )
MIDD' s 10-Year EPS Growth (%) Range
Min: -16   Max: 136.5
Current: 27.4

-16
136.5
» MIDD's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

MIDD Guru Trades in Q1 2013

Mario Gabelli 1,600 sh (New)
Chuck Royce 19,500 sh (New)
Ken Heebner 20,000 sh (New)
Ron Baron 1,183,160 sh (+12.44%)
Columbia Wanger 264,720 sh (+8.27%)
Joel Greenblatt Sold Out
John Rogers 66,459 sh (-1.37%)
Steven Cohen 3,911 sh (-10.11%)
Alan Fournier 302,462 sh (-11.77%)
RS Investment Management 152,437 sh (-30.77%)
NWQ Managers 41,905 sh (-64.75%)
» More
Q2 2013

MIDD Guru Trades in Q2 2013

Columbia Wanger 375,500 sh (+41.85%)
RS Investment Management 170,463 sh (+11.83%)
Ron Baron 1,256,887 sh (+6.23%)
Chuck Royce 19,500 sh (unchged)
Mario Gabelli 1,600 sh (unchged)
Ken Heebner Sold Out
John Rogers 65,759 sh (-1.05%)
NWQ Managers 39,414 sh (-5.94%)
Alan Fournier 275,796 sh (-8.82%)
Steven Cohen 1,210 sh (-69.06%)
» More
Q3 2013

MIDD Guru Trades in Q3 2013

Steven Cohen 1,616 sh (+33.55%)
RS Investment Management 176,299 sh (+3.42%)
Ron Baron 1,299,878 sh (+3.42%)
Alan Fournier 278,296 sh (+0.91%)
Chuck Royce 19,500 sh (unchged)
Mario Gabelli 1,600 sh (unchged)
Columbia Wanger 375,500 sh (unchged)
John Rogers 64,224 sh (-2.33%)
NWQ Managers 21,527 sh (-45.38%)
» More
Q4 2013

MIDD Guru Trades in Q4 2013

Columbia Wanger 410,600 sh (+9.35%)
Ron Baron 1,337,532 sh (+2.9%)
Mario Gabelli 1,600 sh (unchged)
Chuck Royce 19,500 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
» Details

Insider Trades

Latest Guru Trades with MIDD

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 Add 12.44%0.11%$128.21 - $152.59 $ 263.7784%1183160
Joel Greenblatt 2013-03-31 Sold Out 0.04%$128.21 - $152.59 $ 263.7784%0
Mario Gabelli 2013-03-31 New Buy$128.21 - $152.59 $ 263.7784%1600
Joel Greenblatt 2012-09-30 New Buy0.04%$94.95 - $119.69 $ 263.77145%5319
Ron Baron 2011-06-30 Add 21.52%0.1%$80.26 - $95.95 $ 263.77201%1071348
Joel Greenblatt 2011-06-30 Sold Out 0.09%$80.26 - $95.95 $ 263.77201%0
Ron Baron 2011-03-31 New Buy0.45%$81.7 - $92.5 $ 263.77203%881659
Joel Greenblatt 2011-03-31 New Buy0.09%$81.7 - $92.5 $ 263.77203%3354
Mario Gabelli 2011-03-31 Sold Out $81.7 - $92.5 $ 263.77203%0
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on The Middleby Corporation

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 Corporation

Ron Baron Comments on The Middleby Corp.
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. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 32.20
MIDD's P/E(ttm) is ranked lower than
54% of the 1563 Companies
in the Global Diversified Industrials industry.

( Industry Median: 20.10 vs. MIDD: 32.20 )
MIDD' s 10-Year P/E(ttm) Range
Min: 5.41   Max: 36.57
Current: 32.2

5.41
36.57
P/B 6.10
MIDD's P/B is ranked lower than
75% of the 1848 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.55 vs. MIDD: 6.10 )
MIDD' s 10-Year P/B Range
Min: 1.56   Max: 72.26
Current: 6.1

1.56
72.26
P/S 3.46
MIDD's P/S is ranked lower than
79% of the 1923 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.91 vs. MIDD: 3.46 )
MIDD' s 10-Year P/S Range
Min: 0.48   Max: 3.93
Current: 3.46

0.48
3.93
PFCF 39.30
MIDD's PFCF is ranked lower than
61% of the 1025 Companies
in the Global Diversified Industrials industry.

( Industry Median: 18.90 vs. MIDD: 39.30 )
MIDD' s 10-Year PFCF Range
Min: 4.76   Max: 56.4
Current: 39.3

4.76
56.4
EV-to-EBIT 23.30
MIDD's EV-to-EBIT is ranked lower than
57% of the 1637 Companies
in the Global Diversified Industrials industry.

( Industry Median: 14.80 vs. MIDD: 23.30 )
MIDD' s 10-Year EV-to-EBIT Range
Min: 4.9   Max: 25.5
Current: 23.3

4.9
25.5
PEG 1.40
MIDD's PEG is ranked higher than
67% of the 823 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.90 vs. MIDD: 1.40 )
MIDD' s 10-Year PEG Range
Min: 0.07   Max: 2.36
Current: 1.4

0.07
2.36
Shiller P/E 49.70
MIDD's Shiller P/E is ranked lower than
64% of the 813 Companies
in the Global Diversified Industrials industry.

( Industry Median: 22.75 vs. MIDD: 49.70 )
MIDD' s 10-Year Shiller P/E Range
Min: 9.29   Max: 80.49
Current: 49.7

9.29
80.49

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 2.20
MIDD's Price/DCF (Projected) is ranked lower than
58% of the 818 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.30 vs. MIDD: 2.20 )
MIDD' s 10-Year Price/DCF (Projected) Range
Min: 0.54   Max: 2.03
Current: 2.2

0.54
2.03
Price/Median PS Value 1.80
MIDD's Price/Median PS Value is ranked lower than
69% of the 1806 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.10 vs. MIDD: 1.80 )
MIDD' s 10-Year Price/Median PS Value Range
Min: 0.13   Max: 1.61
Current: 1.8

0.13
1.61
Price/Peter Lynch Fair Value 1.80
MIDD's Price/Peter Lynch Fair Value is ranked higher than
53% of the 396 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.30 vs. MIDD: 1.80 )
MIDD' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.23   Max: 5.53
Current: 1.8

0.23
5.53
Earnings Yield (Greenblatt) 4.30
MIDD's Earnings Yield (Greenblatt) is ranked higher than
50% of the 1742 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.70 vs. MIDD: 4.30 )
MIDD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.9   Max: 20.2
Current: 4.3

3.9
20.2
Forward Rate of Return (Yacktman) 19.79
MIDD's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 1135 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.73 vs. MIDD: 19.79 )
MIDD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 12.7   Max: 87.6
Current: 19.79

12.7
87.6

Business Description

Industry: Industrial Products » Diversified Industrials
Compare:UTX, MMM, ARG, AP, EMR » details
Traded in other countries:MBY.Germany
Middleby Corporation 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.

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