(MIDD) Middleby - Overview
Stock: Ovens, Fryers, Refrigerators, Mixers, Grills
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 31.0% |
| Relative Tail Risk | -11.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.02 |
| Alpha | -21.67 |
| Character TTM | |
|---|---|
| Beta | 1.239 |
| Beta Downside | 1.281 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.40% |
| CAGR/Max DD | 0.05 |
Description: MIDD Middleby January 07, 2026
The Middleby Corporation (NASDAQ:MIDD) designs, manufactures, markets and services a broad portfolio of commercial food-service, food-processing and residential-kitchen equipment, ranging from ovens, fryers and ventilation systems to IoT-enabled controls and packaging solutions. Its three operating segments-Commercial Foodservice Equipment, Food Processing Equipment, and Residential Kitchen Equipment-serve restaurants, manufacturers and home consumers worldwide, leveraging a legacy that dates back to 1888.
Key recent metrics: FY 2023 revenue reached $2.34 billion, with an adjusted EBITDA margin of roughly 13 %, and a commercial-backlog of about $1.2 billion, indicating sustained demand. The segment’s growth is being driven by a rebound in out-of-home dining, continued automation adoption to offset labor cost pressures, and expanding IoT integration that improves equipment efficiency and data-driven service contracts. A notable strategic move was the 2022 acquisition of Viking Foods, which broadened Middleby’s premium-segment exposure and cross-selling opportunities.
For a deeper, data-focused look at MIDD’s valuation and risk profile, the ValueRay research page offers a concise, model-ready summary.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: -202.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.26 > 1.0 |
| NWC/Revenue: 26.23% < 20% (prev 38.16%; Δ -11.94% < -1%) |
| CFO/TA 0.11 > 3% & CFO 679.2m > Net Income -202.4m |
| Net Debt (1.92b) to EBITDA (39.6m): 48.49 < 3 |
| Current Ratio: 2.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.5m) vs 12m ago -6.51% < -2% |
| Gross Margin: 37.82% > 18% (prev 0.38%; Δ 3744 % > 0.5%) |
| Asset Turnover: 57.25% > 50% (prev 53.74%; Δ 3.51% > 0%) |
| Interest Coverage Ratio: -1.06 > 6 (EBITDA TTM 39.6m / Interest Expense TTM 83.3m) |
Altman Z'' 4.21
| A: 0.16 (Total Current Assets 1.97b - Total Current Liabilities 951.6m) / Total Assets 6.35b |
| B: 0.63 (Retained Earnings 4.01b / Total Assets 6.35b) |
| C: -0.01 (EBIT TTM -88.1m / Avg Total Assets 6.78b) |
| D: 1.13 (Book Value of Equity 3.86b / Total Liabilities 3.42b) |
| Altman-Z'' Score: 4.21 = AA |
Beneish M -3.01
| DSRI: 1.20 (Receivables 738.7m/615.0m, Revenue 3.88b/3.87b) |
| GMI: 1.00 (GM 37.82% / 37.94%) |
| AQI: 0.98 (AQ_t 0.60 / AQ_t-1 0.61) |
| SGI: 1.00 (Revenue 3.88b / 3.87b) |
| TATA: -0.14 (NI -202.4m - CFO 679.2m) / TA 6.35b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of MIDD shares?
Over the past week, the price has changed by +9.47%, over one month by +2.98%, over three months by +34.19% and over the past year by -3.59%.
Is MIDD a buy, sell or hold?
- StrongBuy: 4
- Buy: 1
- Hold: 3
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the MIDD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 166.9 | 3.6% |
| Analysts Target Price | 166.9 | 3.6% |
| ValueRay Target Price | 175.9 | 9.2% |
MIDD Fundamental Data Overview February 03, 2026
P/S = 1.9222
P/B = 2.5717
P/EG = 1.1643
Revenue TTM = 3.88b USD
EBIT TTM = -88.1m USD
EBITDA TTM = 39.6m USD
Long Term Debt = 2.03b USD (from longTermDebt, last quarter)
Short Term Debt = 70.3m USD (from shortTermDebt, last quarter)
Debt = 2.10b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.92b USD (from netDebt column, last quarter)
Enterprise Value = 9.38b USD (7.46b + Debt 2.10b - CCE 175.1m)
Interest Coverage Ratio = -1.06 (Ebit TTM -88.1m / Interest Expense TTM 83.3m)
EV/FCF = 15.87x (Enterprise Value 9.38b / FCF TTM 591.2m)
FCF Yield = 6.30% (FCF TTM 591.2m / Enterprise Value 9.38b)
FCF Margin = 15.23% (FCF TTM 591.2m / Revenue TTM 3.88b)
Net Margin = -5.21% (Net Income TTM -202.4m / Revenue TTM 3.88b)
Gross Margin = 37.82% ((Revenue TTM 3.88b - Cost of Revenue TTM 2.41b) / Revenue TTM)
Gross Margin QoQ = 36.79% (prev 37.97%)
Tobins Q-Ratio = 1.48 (Enterprise Value 9.38b / Total Assets 6.35b)
Interest Expense / Debt = 1.20% (Interest Expense 25.1m / Debt 2.10b)
Taxrate = 25.79% (148.9m / 577.3m)
NOPAT = -65.4m (EBIT -88.1m * (1 - 25.79%)) [loss with tax shield]
Current Ratio = 2.07 (Total Current Assets 1.97b / Total Current Liabilities 951.6m)
Debt / Equity = 0.71 (Debt 2.10b / totalStockholderEquity, last quarter 2.94b)
Debt / EBITDA = 48.49 (Net Debt 1.92b / EBITDA 39.6m)
Debt / FCF = 3.25 (Net Debt 1.92b / FCF TTM 591.2m)
Total Stockholder Equity = 3.48b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.99% (Net Income -202.4m / Total Assets 6.35b)
RoE = -5.81% (Net Income TTM -202.4m / Total Stockholder Equity 3.48b)
RoCE = -1.60% (EBIT -88.1m / Capital Employed (Equity 3.48b + L.T.Debt 2.03b))
RoIC = -1.13% (negative operating profit) (NOPAT -65.4m / Invested Capital 5.79b)
WACC = 8.38% (E(7.46b)/V(9.55b) * Re(10.48%) + D(2.10b)/V(9.55b) * Rd(1.20%) * (1-Tc(0.26)))
Discount Rate = 10.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -3.07%
[DCF Debug] Terminal Value 79.54% ; FCFF base≈615.1m ; Y1≈732.8m ; Y5≈1.15b
Fair Price DCF = 323.1 (EV 18.20b - Net Debt 1.92b = Equity 16.28b / Shares 50.4m; r=8.38% [WACC]; 5y FCF grow 20.42% → 2.90% )
EPS Correlation: -37.13 | EPS CAGR: -46.03% | SUE: -4.0 | # QB: 0
Revenue Correlation: -5.57 | Revenue CAGR: 3.40% | SUE: 0.78 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.97 | Chg30d=+0.040 | Revisions Net=+1 | Analysts=6
EPS next Year (2026-12-31): EPS=9.42 | Chg30d=-0.174 | Revisions Net=-3 | Growth EPS=+4.1% | Growth Revenue=+3.5%