Company Valuation: The Middleby Corporation

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 10,918 7,202 7,503 7,228 7,594 6,529 - -
Change - -34.04% 4.19% -3.67% 5.07% -14.02% - -
Enterprise Value (EV) 1 13,152 9,762 9,681 8,933 9,545 8,129 7,870 6,529
Change - -25.78% -0.83% -7.72% 6.85% -14.84% -3.19% -17.03%
P/E ratio 22.8x 16.8x 18.9x 17x -28x 17.6x 14.4x 11.6x
PBR 4.37x 2.56x 2.31x 2x 2.83x 2.75x 2.49x -
PEG - -2.16x -2.78x 2.57x 0x -0x 0.6x 0.5x
Capitalization / Revenue 3.36x 1.79x 1.86x 1.87x 2.37x 1.92x 1.86x 1.75x
EV / Revenue 4.05x 2.42x 2.4x 2.31x 2.98x 2.39x 2.24x 1.75x
EV / EBITDA 18.5x 11.4x 10.8x 10.3x 12x 10.6x 9.56x 7.38x
EV / EBIT 22.1x 13.5x 12.5x 12x 13.7x 12.4x 11.1x 8.68x
EV / FCF 34.9x 36.8x 17.8x 14x 19.3x 17.5x 15.9x 12.2x
FCF Yield 2.87% 2.72% 5.62% 7.16% 5.17% 5.7% 6.28% 8.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 8.62 7.95 7.41 7.9 -5.38 8.2 10.04 12.42
Distribution rate - - - - - - - -
Net sales 1 3,251 4,033 4,037 3,875 3,201 3,403 3,519 3,728
EBITDA 1 712.6 853.4 900.4 866.3 797.9 767.2 823 885
EBIT 1 594.1 722.5 774.9 746.2 698.9 658.1 710.2 752.6
Net income 1 488.5 436.6 400.9 428.4 -277.7 406.8 460.9 516.3
Net Debt 1 2,234 2,560 2,178 1,706 1,951 1,600 1,340 -
Reference price 2 196.27 133.65 139.98 134.36 150.77 144.41 144.41 144.41
Nbr of stocks (in thousands) 55,626 53,884 53,603 53,793 50,371 45,214 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/25/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.61x2.39x10.6x-.--% 6.53B
31.54x5.46x20.28x0.86% 108B
46.23x8.01x29.97x1.32% 46.79B
23.12x3.41x14.63x1.01% 28.39B
19.48x1.6x11.83x2.48% 27.62B
28.87x3.77x13.92x0.12% 27.38B
26.41x4.31x15.41x1.51% 26.54B
24.05x2.85x12.42x1.59% 25.74B
25.1x3.25x15.61x1.83% 23.77B
30.29x2.69x17.26x1.76% 23.65B
Average 27.27x 3.77x 16.19x 1.25% 34.47B
Weighted average by Cap. 29.91x 4.51x 18.27x 1.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation The Middleby Corporation