The Middleby Corp

Find Ratings Reports
MIDD : NASDAQ : Industrial Goods
$118.16 | %
Today's Range: 117.45 - 118.86
Avg. Daily Volume: 421,300
07/22/16 - 4:00 PM ET

Financial Analysis


MIDDLEBY CORP's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. MIDDLEBY CORP has weak liquidity. Currently, the Quick Ratio is 0.69 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 19.04% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)516.36406.6
EBITDA ($mil)101.9182.41
EBIT ($mil)86.9871.18
Net Income ($mil)54.5438.23


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)55.6854.26
Total Assets ($mil)2777.942142.84
Total Debt ($mil)763.12639.03
Equity ($mil)1224.341028.44


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin41.041.51
EBITDA Margin19.7320.26
Operating Margin16.8517.51
Sales Turnover0.70.78
Return on Assets7.489.24
Return on Equity16.9819.26
Debt Q1 FY16 Q1 FY15
Current Ratio1.611.98
Debt/Capital0.380.38
Interest Expense5.283.75
Interest Coverage16.4918.99


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)57.5457.33
Div / share0.00.0
EPS0.960.67
Book value / share21.2817.94
Institutional Own % n/a n/a
Avg Daily Volume422136.0461773.0

Valuation


BUY. MIDDLEBY CORP's P/E ratio indicates a premium compared to an average of 24.59 for the Machinery industry and a premium compared to the S&P 500 average of 25.03. For additional comparison, its price-to-book ratio of 5.49 indicates a significant premium versus the S&P 500 average of 2.80 and a significant premium versus the industry average of 3.76. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, MIDDLEBY CORP proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MIDD 32.03 Peers 24.59   MIDD 27.88 Peers 16.42

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MIDD is trading at a significant premium to its peers.

 

Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

MIDD is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MIDD 21.45 Peers 21.53   MIDD 0.87 Peers 5.04

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

MIDD is trading at a premium to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

MIDD trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MIDD 5.49 Peers 3.76   MIDD 4.88 Peers -26.90

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

MIDD is trading at a significant premium to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

MIDD is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MIDD 3.47 Peers 1.63   MIDD 15.90 Peers -5.47

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

MIDD is trading at a significant premium to its industry.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

MIDD has a sales growth rate that significantly exceeds its peers.

 

 

Latest Stock Upgrades/Downgrades