Middleby Corporation develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.
MIDD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for MIDD, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Middleby Corp ranked in the 45th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Middleby Corp, consider:
Interest coverage, a measure of earnings relative to interest payments, is 5.57; that's higher than 59.67% of US stocks in the Industrials sector that have positive free cash flow.
Middleby Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 19.41% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MIDD, try FC, PH, PKOH, PXS, and SAIA.
The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2020 second quarter earnings on Wednesday, August 5 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central time on August 5. The call can be accessed by dialing (888) 391-6937 or (315) 625-3077 and entering conference code 3298936. The conference call is also accessible through the Investor Relations section of the company website at www.middleby.com.
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