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The Middleby (STU:MBY) Cyclically Adjusted Price-to-FCF : 17.34 (As of Jun. 10, 2024)


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What is The Middleby Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), The Middleby's current share price is €116.00. The Middleby's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.69. The Middleby's Cyclically Adjusted Price-to-FCF for today is 17.34.

The historical rank and industry rank for The Middleby's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:MBY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.85   Med: 36.67   Max: 62.56
Current: 17.32

During the past years, The Middleby's highest Cyclically Adjusted Price-to-FCF was 62.56. The lowest was 11.85. And the median was 36.67.

STU:MBY's Cyclically Adjusted Price-to-FCF is ranked better than
75.75% of 1031 companies
in the Industrial Products industry
Industry Median: 31.99 vs STU:MBY: 17.32

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

The Middleby's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.149. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €6.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Middleby Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Middleby's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Middleby Cyclically Adjusted Price-to-FCF Chart

The Middleby Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.62 27.47 36.29 22.42 21.42

The Middleby Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.71 23.44 19.41 21.42 22.12

Competitive Comparison of The Middleby's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, The Middleby's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Middleby's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Middleby's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where The Middleby's Cyclically Adjusted Price-to-FCF falls into.



The Middleby Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

The Middleby's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=116.00/6.69
=17.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Middleby's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, The Middleby's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.149/131.7762*131.7762
=2.149

Current CPI (Mar. 2024) = 131.7762.

The Middleby Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.925 100.560 1.212
201409 1.359 100.428 1.783
201412 0.947 99.070 1.260
201503 0.286 99.621 0.378
201506 1.242 100.684 1.626
201509 0.821 100.392 1.078
201512 1.250 99.792 1.651
201603 0.107 100.470 0.140
201606 1.183 101.688 1.533
201609 1.152 101.861 1.490
201612 1.871 101.863 2.420
201703 0.632 102.862 0.810
201706 0.244 103.349 0.311
201709 1.597 104.136 2.021
201712 1.328 104.011 1.683
201803 0.331 105.290 0.414
201806 1.453 106.317 1.801
201809 1.497 106.507 1.852
201812 1.790 105.998 2.225
201903 0.412 107.251 0.506
201906 0.860 108.070 1.049
201909 1.892 108.329 2.302
201912 2.180 108.420 2.650
202003 1.274 108.902 1.542
202006 1.036 108.767 1.255
202009 2.224 109.815 2.669
202012 2.932 109.897 3.516
202103 0.765 111.754 0.902
202106 1.495 114.631 1.719
202109 2.437 115.734 2.775
202112 0.861 117.630 0.965
202203 -0.485 121.301 -0.527
202206 1.509 125.017 1.591
202209 1.203 125.227 1.266
202212 2.451 125.222 2.579
202303 1.115 127.348 1.154
202306 0.665 128.729 0.681
202309 3.423 129.860 3.474
202312 4.096 129.419 4.171
202403 2.149 131.776 2.149

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


The Middleby  (STU:MBY) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


The Middleby Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of The Middleby's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


The Middleby (STU:MBY) Business Description

Traded in Other Exchanges
Address
1400 Toastmaster Drive, Elgin, IL, USA, 60120
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.

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