Professional
Added to YB: 2025-01-20
Pitch date: 2024-12-31
MIDD [bullish]
The Middleby Corporation
+2.54%
current return
Author Info
No bio for this author
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
$109.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.78
P/E
18.48
EV/Sales
2.37
Sector
Machinery
Category
value
Vulcan Value Partners Small Cap Review New Position: The Middleby Corporation
MIDD: Leading global foodservice equipment provider with 120+ brands. Capital-light, high FCF. Post-Covid pent-up demand expected as restaurants shift focus to kitchen equipment. Trading below intrinsic value, with recent industry M&A at higher multiples. 7-year replacement cycle supports growth.
Read full article (1 min)