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164.52 (1y: +60%)
Market Cap 3.05 B P/E(ttm) 24.70
Enterprise Value 3.65 B P/B 4.76
MIDD- NAS (USA)
Middleby Corporation
  • Currently 3.5/5
Business Predictability Rank: 3.5-Star
Back Testing Results:
Average gain of all 3.5-Star stocks: 9.3% per year.
% of Stocks that are in still loss if held for 10yrs: 9%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$164.52
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GuruFocus Financial Strength Rank measures how strong a companyย’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 0.132
MIDD's Cash to Debt is ranked lower than
76% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.06 vs. MIDD: 0.132 )
MIDD' s 10-Year Cash to Debt Range
Min: 0.03   Max: 0.52
Current: 0.13
0.03
0.52
Equity to Asset -0.088
MIDD's Equity to Asset is ranked lower than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.49 vs. MIDD: -0.088 )
MIDD' s 10-Year Equity to Asset Range
Min: -0.45   Max: 0.31
Current: -0.09
-0.45
0.31
Interest Coverage 20.4
MIDD's Interest Coverage is ranked lower than
60% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 457.80 vs. MIDD: 20.4 )
MIDD' s 10-Year Interest Coverage Range
Min: 3   Max: 20
Current: 20.4
3
20
F-Score: 5
Z-Score: 3.42
M-Score: -2.31
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 (%) 18.10
MIDD's Operating margin (%) is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.70 vs. MIDD: 18.10 )
MIDD' s 10-Year Operating margin (%) Range
Min: 5.9   Max: 19.1
Current: 18.1
5.9
19.1
Net-margin (%) 11.6
MIDD's Net-margin (%) is ranked higher than
88% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.70 vs. MIDD: 11.6 )
MIDD' s 10-Year Net-margin (%) Range
Min: -0.8   Max: 11.6
Current: 11.6
-0.8
11.6
ROE (%) 18.6
MIDD's ROE (%) is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.60 vs. MIDD: 18.6 )
MIDD' s 10-Year ROE (%) Range
Min: -2.3   Max: 326.9
Current: 18.6
-2.3
326.9
ROA (%) 9.7
MIDD's ROA (%) is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.80 vs. MIDD: 9.7 )
MIDD' s 10-Year ROA (%) Range
Min: -1   Max: 14.9
Current: 9.7
-1
14.9
ROC (Joel Greenblatt) (%) 93.30
MIDD's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 10.40 vs. MIDD: 93.30 )
MIDD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 16   Max: 144.1
Current: 93.3
16
144.1
Revenue Growth (%) 12.5
MIDD's Revenue Growth (%) is ranked higher than
89% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.45 vs. MIDD: 12.5 )
MIDD' s 10-Year Revenue Growth (%) Range
Min: 4.8   Max: 24.7
Current: 12.5
4.8
24.7
EBITDA Growth (%) 14
MIDD's EBITDA Growth (%) is ranked higher than
89% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.35 vs. MIDD: 14 )
MIDD' s 10-Year EBITDA Growth (%) Range
Min: 4.1   Max: 37.6
Current: 14
4.1
37.6
EPS Growth (%) 18.5
MIDD's EPS Growth (%) is ranked higher than
86% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.40 vs. MIDD: 18.5 )
MIDD' s 10-Year EPS Growth (%) Range
Min: 6.3   Max: 90.7
Current: 18.5
6.3
90.7
ยป MIDD's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

MIDD Guru Trades in Q2 2012

Jim Simons 14,590 sh (New)
RS Investment Management 277,297 sh (+83.3%)
Columbia Wanger 244,500 sh (+2.28%)
Ron Baron 1,060,042 sh (unchged)
Alan Fournier 342,809 sh (unchged)
Steven Cohen Sold Out
NWQ Managers 165,978 sh (-2.2%)
John Rogers 106,112 sh (-19.51%)
» More
Q3 2012

MIDD Guru Trades in Q3 2012

Steven Cohen 3,346 sh (New)
Joel Greenblatt 5,319 sh (New)
NWQ Managers 182,375 sh (+9.88%)
Alan Fournier 342,809 sh (unchged)
Columbia Wanger 244,500 sh (unchged)
Ron Baron 1,053,667 sh (-0.6%)
Jim Simons 13,290 sh (-8.91%)
RS Investment Management 244,377 sh (-11.87%)
John Rogers 66,089 sh (-37.72%)
» More
Q4 2012

MIDD Guru Trades in Q4 2012

Steven Cohen 4,351 sh (+30.04%)
John Rogers 67,384 sh (+1.96%)
Alan Fournier 342,809 sh (unchged)
Columbia Wanger 244,500 sh (unchged)
Jim Simons Sold Out
Ron Baron 1,052,267 sh (-0.13%)
Joel Greenblatt 4,975 sh (-6.47%)
RS Investment Management 220,187 sh (-9.9%)
NWQ Managers 118,872 sh (-34.82%)
» More
Q1 2013

MIDD Guru Trades in Q1 2013

Mario Gabelli 1,600 sh (New)
Ken Heebner 20,000 sh (New)
Chuck Royce 19,500 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
» 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 $ 164.5214%1183160
NWQ Managers 2013-03-31 Reduce -64.75%0.08%$128.21 - $152.59 $ 164.5214%41905
Ken Heebner 2013-03-31 New Buy0.07%$128.21 - $152.59 $ 164.5214%20000
Joel Greenblatt 2013-03-31 Sold Out 0.04%$128.21 - $152.59 $ 164.5214%0
Mario Gabelli 2013-03-31 New Buy$128.21 - $152.59 $ 164.5214%1600
NWQ Managers 2012-12-31 Reduce -34.82%0.05%$116.58 - $132.39 $ 164.5232%118872
John Rogers 2012-09-30 Reduce -37.72%0.09%$94.95 - $119.69 $ 164.5253%66089
Joel Greenblatt 2012-09-30 New Buy0.04%$94.95 - $119.69 $ 164.5253%5319
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on 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 Baronโ€™s Baron Funds first quarter 2013 investor letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about Middleby Corporation

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

Ratios

vs
industry		 vs
history
P/E(ttm) 24.70
MIDD's P/E(ttm) is ranked higher than
69% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 18.99 vs. MIDD: 24.70 )
MIDD' s 10-Year P/E(ttm) Range
Min: 5.8   Max: 750
Current: 24.7
5.8
750
P/B 4.76
MIDD's P/B is ranked lower than
84% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.48 vs. MIDD: 4.76 )
MIDD' s 10-Year P/B Range
Min: 0.94   Max: 76.16
Current: 4.76
0.94
76.16
P/S 2.70
MIDD's P/S is ranked lower than
88% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.75 vs. MIDD: 2.70 )
MIDD' s 10-Year P/S Range
Min: 0.36   Max: 2.91
Current: 2.7
0.36
2.91
PFCF 25.31
MIDD's PFCF is ranked higher than
54% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 15.61 vs. MIDD: 25.31 )
MIDD' s 10-Year PFCF Range
Min: 2.71   Max: 56.4
Current: 25.31
2.71
56.4
EV-to-EBIT 18.83
MIDD's EV-to-EBIT is ranked higher than
75% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.70 vs. MIDD: 18.83 )
MIDD' s 10-Year EV-to-EBIT Range
Min: 4.8   Max: 20.5
Current: 18.83
4.8
20.5
PEG 2.17
MIDD's PEG is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.80 vs. MIDD: 2.17 )
MIDD' s 10-Year PEG Range
Min: 0.18   Max: 2.38
Current: 2.17
0.18
2.38
Shiller P/E 35.27
MIDD's Shiller P/E is ranked higher than
82% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 16.60 vs. MIDD: 35.27 )
MIDD' s 10-Year Shiller P/E Range
Min: 9.29   Max: 113.28
Current: 35.27
9.29
113.28

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 18.4
MIDD's Price/Net Current Asset Value is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.80 vs. MIDD: 18.4 )
MIDD' s 10-Year Price/Net Current Asset Value Range
Min: 1.9   Max: 19.2
Current: 18.4
1.9
19.2
Price/DCF (Projected) 1.6
MIDD's Price/DCF (Projected) is ranked higher than
91% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.10 vs. MIDD: 1.6 )
MIDD' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 2
Current: 1.6
0.5
2
Price/Median PS Value 1.7
MIDD's Price/Median PS Value is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.80 vs. MIDD: 1.7 )
MIDD' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.5
Current: 1.7
0.2
1.5
Price/Peter Lynch Fair Value 2.6
MIDD's Price/Peter Lynch Fair Value is ranked lower than
67% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. MIDD: 2.6 )
MIDD' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 2
Current: 2.6
0.3
2
Earnings Yield (Greenblatt) 5.30
MIDD's Earnings Yield (Greenblatt) is ranked higher than
86% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 7.10 vs. MIDD: 5.30 )
MIDD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.9   Max: 20.7
Current: 5.3
4.9
20.7
Forward Rate of Return (Yacktman) 13.45
MIDD's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.32 vs. MIDD: 13.45 )
MIDD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 12.7   Max: 59.2
Current: 13.45
12.7
59.2

Business Description

The Middleby Corporation 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 three main business segments: the Commercial Foodservice Equipment Group; the Food Processing Equipment Group; and the International Distribution Division. The Commercial Foodservice Equipment Group has a broad portfolio of brands and cooking and warming equipment, which enable it to serve virtually any cooking or warming application within a commercial restaurant or institutional kitchen. This cooking and warming equipment is used across all types of foodservice operations, including quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels and other institutions. The company offers a line of cooking equipment marketed under a portfolio of twenty brands, including, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, CTX, Carter-Hoffmann, Frifri, Giga, Holman, Houno, Jade, Lang, MagiKitch'n, Middleby Marshall, NuVu, Pitco, Southbend, Star, Toastmaster and Wells. The Food Processing Equipment Group provides an array of products designed for the food processing industry. These products include: Cooking equipment, including batch ovens, belt ovens and conveyorized cooking systems marketed under the Alkar brand; Food preparation equipment, such as breading, battering, mixing, forming and slicing machines, marketed under the MP Equipment brand; and Packaging and food safety equipment marketed under the Rapidpak brand. The company's International Distribution Division provides integrated export management and distribution services, enabling the company to offer equipment to be delivered and supported virtually anywhere in the world. 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.
Company Website
SEC Reports
Industry: Diversified Industrials
Compare:UTX, MMM, ARG, AP, EMR
Traded in other countries:MBY.Germany
ยป More Articles for MIDD

Headlines

Articles On GuruFocus.com
My Top 10 Fairly Valued Fast-Growing Stocks May 14 2013 
Ron Baron Comments on The Middleby Corp. Apr 24 2013 
Ron Baron Discusses Start in Investing, Stock Holdings in Q1 2013 Letter Apr 24 2013 
Weekly CEO Sells Highlight: Orexigen Therapeutics Inc, Gas Natural Inc, The Middleby Corporation, an Jul 15 2012 
Baron Funds Reports Q1 Portfolio May 18 2011 
Insider Sells over $5 Million: PAY, MIDD Apr 07 2011 
Middleby Corp. (MIDD) CEO, Chairman, President Selim A Bassoul sells 7,151 Shares Mar 02 2011 
Middleby Corp. Reports Operating Results (10-K) Mar 02 2011 
Middleby Corp. (MIDD) CEO, Chairman, President Selim A Bassoul sells 18,488 Shares Feb 22 2011 
Middleby Corp. (MIDD) CFO Timothy John Fitzgerald sells 5,714 Shares Feb 22 2011 

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