MIDD - The Middleby Corporation
NASDAQ
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Industrials
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Specialty Industrial Machinery
Elgin,
United States
Type: Equity
MIDD price evolution
MIDD
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $459.46 | $341.02 | $247.5 | $167.19 |
| Short term investments | ||||
| Net receivables | $624.62 | $605.18 | $644.58 | $633.17 |
| Inventory | $920.1 | $943.68 | $935.87 | $1015.05 |
| Total current assets | $2143.34 | $2021.92 | $1965.86 | $1960.86 |
| Long term investments | ||||
| Property, plant & equipment | $504.66 | $508.14 | $510.9 | $498.87 |
| Goodwill & intangible assets | $4122.69 | $4142.8 | $4179.39 | $4227.97 |
| Total noncurrent assets | $4882.44 | $4908.48 | $4940.83 | $4961.75 |
| Total investments | ||||
| Total assets | $7025.78 | $6930.4 | $6906.69 | $6922.61 |
| Current liabilities | ||||
| Accounts payable | $238.73 | $233.43 | $227.08 | $224.38 |
| Deferred revenue | ||||
| Short long term debt | $44.25 | $44.54 | $44.82 | $44.33 |
| Total current liabilities | $856.86 | $840.88 | $851.09 | $864.25 |
| Long term debt | $2360 | $2370.11 | $2380.37 | $2535.9 |
| Total noncurrent liabilities | $2747.01 | $2778.28 | $2805.71 | $2963.15 |
| Total debt | $2404.25 | $2414.65 | $2425.2 | $2580.23 |
| Total liabilities | $3603.87 | $3619.17 | $3656.8 | $3827.39 |
| Shareholders' equity | ||||
| Retained earnings | $4101.72 | $3986.32 | $3899.75 | $3823.46 |
| Other shareholder equity | -$256.64 | -$245.24 | -$223.2 | -$285.86 |
| Total shareholder equity | $3421.91 | $3311.24 | $3249.89 | $3095.22 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $247.5 | $162 | $180.36 | $268.1 |
| Short term investments | ||||
| Net receivables | $644.58 | $671.57 | $577.14 | $363.36 |
| Inventory | $935.87 | $1077.73 | $837.42 | $540.2 |
| Total current assets | $1965.86 | $2006 | $1707.09 | $1270.49 |
| Long term investments | ||||
| Property, plant & equipment | $510.9 | $443.53 | $380.98 | $344.48 |
| Goodwill & intangible assets | $4179.39 | $4206.07 | $4118.85 | $3384.64 |
| Total noncurrent assets | $4940.83 | $4868.87 | $4676.51 | $3931.98 |
| Total investments | ||||
| Total assets | $6906.69 | $6874.87 | $6383.6 | $5202.47 |
| Current liabilities | ||||
| Accounts payable | $227.08 | $271.37 | $304.74 | $182.77 |
| Deferred revenue | ||||
| Short long term debt | $44.82 | $45.58 | $27.29 | $22.94 |
| Total current liabilities | $851.09 | $988.28 | $914.89 | $700.26 |
| Long term debt | $2380.37 | $2676.74 | $2387 | $1706.65 |
| Total noncurrent liabilities | $2805.71 | $3088.84 | $2974.43 | $2525.57 |
| Total debt | $2425.2 | $2722.32 | $2414.29 | $1729.6 |
| Total liabilities | $3656.8 | $4077.12 | $3889.32 | $3225.82 |
| Shareholders' equity | ||||
| Retained earnings | $3899.75 | $3498.87 | $3062.3 | $2568.76 |
| Other shareholder equity | -$223.2 | -$327.05 | -$359.08 | -$488.43 |
| Total shareholder equity | $3249.89 | $2797.75 | $2494.28 | $1976.65 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $991.55 | $926.93 | $1008.58 | $980.65 |
| Cost of revenue | $611.9 | $580.57 | $621.81 | $605.33 |
| Gross Profit | $379.64 | $346.36 | $386.77 | $375.32 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $198.58 | $206.05 | $191.59 | $196.43 |
| Total operating expenses | $203.93 | $209.22 | $272.13 | $200.88 |
| Operating income | $175.71 | $137.13 | $114.63 | $174.44 |
| Income from continuing operations | ||||
| EBIT | $179.34 | $141.11 | $115.2 | $175.47 |
| Income tax expense | $39.38 | $28.27 | $10.63 | $35.74 |
| Interest expense | $24.57 | $26.27 | $28.28 | $31.08 |
| Net income | ||||
| Net income | $115.39 | $86.57 | $76.29 | $108.65 |
| Income (for common shares) | $115.39 | $86.57 | $76.29 | $108.65 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $4036.61 | $4032.85 | $3250.79 | $2513.26 |
| Cost of revenue | $2502.54 | $2586.3 | $2055.93 | $1631.21 |
| Gross Profit | $1534.06 | $1446.55 | $1194.86 | $882.05 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $806.95 | $797.23 | $667.98 | $531.9 |
| Total operating expenses | $899.19 | $806.95 | $564.87 | $572.3 |
| Operating income | $634.87 | $639.6 | $629.99 | $309.75 |
| Income from continuing operations | ||||
| EBIT | $639.73 | $653.39 | $676.66 | $346.67 |
| Income tax expense | $118.5 | $127.85 | $131.01 | $60.76 |
| Interest expense | $120.35 | $88.98 | $57.16 | $78.62 |
| Net income | ||||
| Net income | $400.88 | $436.57 | $488.49 | $207.29 |
| Income (for common shares) | $400.88 | $436.57 | $488.49 | $207.29 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | $115.39 | $86.57 | $76.29 | $108.65 |
| Operating activities | ||||
| Depreciation | $31.65 | $32.41 | $33.55 | $33.28 |
| Business acquisitions & disposals | -$3.29 | -$2.27 | -$0.98 | -$32.63 |
| Stock-based compensation | $7.65 | $13.82 | $15.74 | $13.18 |
| Total cash flows from operations | $149.52 | $140.9 | $255.69 | $219.15 |
| Investing activities | ||||
| Capital expenditures | -$10.94 | -$13.74 | -$15.53 | -$21.33 |
| Investments | ||||
| Total cash flows from investing | -$14.23 | -$16.09 | -$16.52 | -$53.96 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.98 | -$17 | -$0.02 | |
| Net borrowings | -$11.49 | -$11.51 | -$161.47 | -$149.46 |
| Total cash flows from financing | -$14.12 | -$28.56 | -$165.17 | -$150.53 |
| Effect of exchange rate | -$2.73 | -$2.73 | $6.31 | -$4.75 |
| Change in cash and equivalents | $118.44 | $93.52 | $80.31 | $9.91 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $400.88 | $436.57 | $488.49 | $207.29 |
| Operating activities | ||||
| Depreciation | $132.6 | $138.06 | $125.24 | $110.53 |
| Business acquisitions & disposals | -$68.76 | -$278.8 | -$963.6 | -$79 |
| Stock-based compensation | $51.05 | $58.37 | $42.33 | $19.61 |
| Total cash flows from operations | $628.79 | $332.55 | $423.4 | $524.78 |
| Investing activities | ||||
| Capital expenditures | -$85.18 | -$67.29 | -$40.26 | -$20.7 |
| Investments | ||||
| Total cash flows from investing | -$155.74 | -$348.32 | -$1008.86 | -$106.76 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$74.56 | -$264.78 | -$29.27 | -$85.87 |
| Net borrowings | -$308.46 | $290.28 | $592.47 | -$58.25 |
| Total cash flows from financing | -$390.94 | $7.63 | $502.79 | -$252.47 |
| Effect of exchange rate | $3.39 | -$10.22 | -$5.07 | $8.04 |
| Change in cash and equivalents | $85.5 | -$18.36 | -$87.74 | $173.6 |
News
Fundamentals
| Market cap | $7.14B |
|---|---|
| Enterprise value | $9.08B |
| Shares outstanding | 53.77M |
| Revenue | $3.91B |
|---|---|
| EBITDA | $742.01M |
| EBIT | $611.13M |
| Net Income | $386.91M |
| Revenue Q/Q | -4.66% |
| Revenue Y/Y | -4.52% |
| P/E ratio | 18.44 |
|---|---|
| EV/Sales | 2.32 |
| EV/EBITDA | 12.24 |
| EV/EBIT | 14.86 |
| P/S ratio | 1.83 |
| P/B ratio | 1.94 |
| Book/Share | 68.41 |
| Cash/Share | 8.55 |
| EPS | $7.20 |
|---|---|
| ROA | 5.57% |
| ROE | 11.83% |
| Debt/Equity | 1.13 |
|---|---|
| Net debt/EBITDA | 4.24 |
| Current ratio | 2.50 |
| Quick ratio | 1.43 |