The Middleby Corporation

The Middleby Corporation

MIDDยทNASDAQ

$156.22

+0.74%
IndustrialsIndustrial - Machinery

The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; and soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, formers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is based in Elgin, Illinois.

At a Glance

Live Snapshot
Market Cap$7.06B
EPS-5.3800
P/E Ratio-29.04
Earnings Date08/05/2026
The Middleby Corporation

The Middleby Corporation Fair Value Envelope

MIDD ยท NASDAQ

Our analysis suggests that MIDD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $156.22, this represents a potential HIDDEN relative to our calculated worth for The Middleby Corporation.

Intrinsic Value
Current Price: $156.22

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3.6B
+ Cash & Equivalents$222.2M
Firm Value$3.8B
- Debt$2.2B
Equity Value$1.7B
/ Shares Outstanding50,371,250B
DCF Value$33
OVERVALUED BY 79%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$552.0M
$483.4M
$423.4M
$370.8M
$324.8M
$284.5M
$249.1M
$218.2M
$191.1M
$167.4M
Maintenance CapEx
-$12.6M
-$11.0M
-$9.7M
-$8.5M
-$7.4M
-$6.5M
-$5.7M
-$5.0M
-$4.4M
-$3.8M
Owner Earnings
$539.4M
$472.4M
$413.7M
$362.4M
$317.4M
$278.0M
$243.5M
$213.2M
$186.8M
$163.6M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$499.4M
$405.0M
$328.4M
$266.4M
$216.0M
$175.2M
$142.1M
$115.2M
$93.4M
$75.8M
Terminal Value represents 35.7% of Enterprise Value