Middleby Corp
General ticker "MIDD" information:
- Sector: Industrials
- Industry: Machinery
- Capitalization: $7.6B
Middleby Corp follows the US Stock Market performance with the rate: 6.7%.
Estimated limits based on current volatility of 1.5%: low 131.91$, high 135.96$
Factors to consider:
- US and Canada accounted for 69.9% of revenue in the fiscal year ended 2023-12-30
- Price in estimated range
- Earnings for 9 months up through Q3 are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-30 to 2025-12-29
- 2023-12-30 to 2024-12-29 estimated range: [126.32$, 185.59$]
- 2024-12-29 to 2025-12-29 estimated range: [145.88$, 208.36$]
Financial Metrics affecting the MIDD estimates:
- Positive: Non-GAAP EPS, $ of 9.66 > 2.29
- Positive: 9.05 < Operating profit margin, % of 15.73
- Positive: 2.86 < Return on assets ratio (scaled to [-100,100]) of 5.49
- Negative: Interest expense per share, $ of 2.25 > 0.74
- Positive: Inventory ratio change, % of -1.27 <= -1.03
- Negative: Industry operating profit margin (median), % of 7.47 <= 11.86
- Positive: -3.48 < Investing cash flow per share, $ of -2.91
- Positive: 3.85 < Industry operating cash flow per share per price (median), % of 5.53
Short-term MIDD quotes
Long-term MIDD plot with estimates
Financial data
| YTD | 2022-01-01 | 2022-12-31 | 2023-12-30 |
|---|---|---|---|
| Operating Revenue | $3,361.55MM | $4,032.85MM | $4,036.61MM |
| Operating Expenses | $2,731.56MM | $3,393.25MM | $3,401.74MM |
| Operating Income | $629.99MM | $639.60MM | $634.87MM |
| Non-Operating Income | $-10.49MM | $-75.19MM | $-115.49MM |
| Interest Expense | $57.16MM | $88.98MM | $120.35MM |
| R&D Expense | $41.80MM | $48.90MM | $53.10MM |
| Income(Loss) | $619.50MM | $564.41MM | $519.38MM |
| Taxes | $131.01MM | $127.85MM | $118.50MM |
| Profit(Loss) | $488.49MM | $436.57MM | $400.88MM |
| Stockholders Equity | $2,494.28MM | $2,797.75MM | $3,249.89MM |
| Inventory | $837.42MM | $1,077.73MM | $935.87MM |
| Assets | $6,383.60MM | $6,874.87MM | $6,906.69MM |
| Operating Cash Flow | $423.40MM | $332.55MM | $628.79MM |
| Capital expenditure | $51.55MM | $69.52MM | $86.98MM |
| Investing Cash Flow | $-1,008.86MM | $-348.32MM | $-155.74MM |
| Financing Cash Flow | $502.79MM | $7.63MM | $-390.94MM |
| Earnings Per Share* | $8.85 | $8.07 | $7.48 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.