Professional
Added to YB: 2025-01-20
Pitch date: 2024-12-31
MIDD [bullish]
The Middleby Corporation
+28.27%
current return
Author Info
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Company Info
The Middleby Corporation designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.
Market Cap
$7.8B
Pitch Price
$136.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.12
P/E
23.62
EV/Sales
2.89
Sector
Machinery
Category
value
Show full summary:
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)