Professional
Added to YB: 2025-01-20
Pitch date: 2024-12-31
MIDD [bullish]
The Middleby Corporation
+7.88%
current return
Author Info
No bio for this author
Company Info
The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide.
Market Cap
$5.9B
Pitch Price
$136.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.41
P/E
-30.66
EV/Sales
2.03
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.
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