The Middleby (MIDD) DCF: History & Chart

The Middleby Corporation(MIDD)

Industrial - Machinery · Elgin, IL

$106.44+1.33 (+1.26%)

Delayed quote: Oct 6, 2026, 2:40 PM EDT

About The Middleby Corporation

The Middleby Corporation is a global enterprise specializing in the design, production, marketing, distribution, and servicing of a comprehensive range of equipment for commercial foodservice, industrial food processing, and residential kitchens. Its operations extend across numerous international markets, including the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company's offerings are segmented into three primary divisions: Commercial Foodservice Equipment Group: This segment provides an extensive array of professional kitchen solutions. Products include diverse oven types such as conveyor, combi, convection, and speed cooking models; cooking appliances like ranges, fryers, rethermalizers, and steam and induction cooking units; food warming and catering equipment; heated cabinets, charbroilers, and ventless cooking systems. It also covers kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, custom stainless steel fabrication, refrigeration units (including blast chillers, cold rooms, and freezers), ice machines, and specialized beverage dispensing, home and professional craft brewing, and bottle filling and canning equipment, alongside innovative IoT solutions. Food Processing Equipment Group: This division caters to industrial-scale food production. It supplies machinery for batch, baking, proofing, and continuous processing ovens; advanced frying and automated thermal processing systems; equipment for tumbling, massaging, grinding, slicing, reduction, emulsion, mixing, forming, and blending. Further offerings include battering, breading, seeding, water cutting, food pressing, food suspension, filling, depositing, and comprehensive food safety, handling, freezing, defrosting, and packaging solutions. These systems are utilized by manufacturers producing diverse products such as hot dogs, dinner sausages, poultry, lunchmeat, muffins, cookies, and bread. Residential Kitchen Equipment Group: This segment focuses on high-end appliances for the home. Its portfolio includes cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and both indoor ventilation and outdoor kitchen equipment. Established in 1888 as the Middleby Marshall Oven Company, the firm adopted its current name, The Middleby Corporation, in 1985. Its corporate headquarters are located in Elgin, Illinois.

Elgin, IL

8,826 employees

www.middleby.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Timothy FitzGerald

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The Middleby Corporation (MIDD) DCF Valuation

Price is INSIDE the estimated range

$82.08

$148.73

Model scenario range

$106.44

Today's price

TGM's two-stage DCF values The Middleby Corporation (MIDD) between $82.08 and $148.73 depending on assumptions, with a base case of $105.90. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (floored at 2%)), fading to 2.5% long-run; the discount rate (10.7%) reflects its beta.

What would today's price require?

Growth the price assumes+2.1%/yr

Actual FCF growth, last 5 years+10.7%/yr

$106.44 is justified only if free cash flow grows about +2.1% a year (fading to 2.5% long-run) at a 10.7% required return — slower than the company has actually grown.

Scenario	FCF growth (fading to 2.5%)	Discount	Value / share
Conservative	0.5%/yr	11.7%	$82.08
Base case	2.0%/yr	10.7%	$105.90
Optimistic	5.0%/yr	9.7%	$148.73
Third-party model estimate (FMP)	independent reference · retrieved Oct 6, 2026 · assumptions not provided		$88.34

The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.

Price|PE Ratio|FCF Yield|All Metrics

Current Price

$106.44

Market-Implied Growth

+2.1%/yr

vs +10.7% 5Y actual

Model Scenario Range

$82.08 – $148.73

model output — not a price target

MIDD DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for MIDD (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

FCF Growth Rate2%/yr

Historical FCF CAGR: 3Y 16.2% · 5Y 10.7% · 10Y 8.6%

Discount Rate (WACC)10.7%

Terminal Growth2.5%

Projection Years10yr

Base inputs: FCF $550.1M · 0.05B shares · net debt $2.0B

Estimated Fair Value

$105.90

-0.5% vs $106.44

Current price$106.44

Third-party model estimate (FMP)$88.34

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $106.44; red = below. Your current case is outlined.

WACC ↓ / Terminal →	1.50%	2.00%	2.50%	3.00%	3.50%
8.7%	$132	$142	$154	$168	$184
9.7%	$111	$118	$127	$136	$148
10.7%	$93.77	$99.49	$106	$113	$121
11.7%	$80.30	$84.79	$89.75	$95.27	$101
12.7%	$69.24	$72.83	$76.77	$81.10	$85.90