Added to YB: 2025-09-30
Pitch date: 2025-09-27
MIDD [bullish]
The Middleby Corporation
+4.45%
current return
Author Info
Iceman Capital is a public investment journal of companies they’ve analyzed in detail. Sign up for the newsletter.
Company Info
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing.
Market Cap
$6.1B
Pitch Price
$107.75
Price Target
220.00 (+96%)
Dividend
N/A
EV/EBITDA
10.78
P/E
18.48
EV/Sales
2.37
Sector
Machinery
Category
value
Middleby Corporation (NASDAQ:MIDD)
MIDD: Activist Ed Garden on board driving capital allocation reset. Pro-forma FP spin (2026), core CFS replacement cycle overdue (7-10yr life). New go-to-market captures more wallet share. Target 25-30% EBITDA margins vs current levels. DCF shows $160 intrinsic value, $220 bull case vs $132 price. Returning majority FCF to shareholders via buybacks (21% authorization). Strong replacement demand drivers (64% non-new build sales).
Read full article (18 min)