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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Middleby Corp. To summarize, we found that Middleby Corp ranked in the 66th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 152.33%. As for the metrics that stood out in our discounted cash flow analysis of Middleby Corp, consider:
Middleby Corp's weighted average cost of capital (WACC) is 6%; for context, that number is higher than just 10.14% of tickers in our DCF set.
Relative to other stocks in its sector (Industrials), Middleby Corp has a reliance on debt greater than 61.83% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
FELE, TGH, AZZ, JBHT, and QRHC can be thought of as valuation peers to MIDD, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
With us today from management are Tim FitzGerald, Chief Executive Officer; Bryan Mittelman, Chief Financial Officer; and David Brewer, Chief Operating Officer. Please note that in addition to our press release, we have posted slides for today's call for reference purposes, which can be found at the Investor Relations section of the Middleby website.