What is MIDDLEBY Corp worth?
With the base-case assumptions below, a discounted cash flow model on MIDDLEBY Corp's reported free cash flow gives $162.72 per share. The share price was $107.66 on September 25, 2026, 34% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.0% | 10.0% | $87.11 | -19% |
| Base | 5.0% | 9.0% | $162.72 | +51% |
| Bull | 10.0% | 8.0% | $303.88 | +182% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $216.81 | $233.28 | $253.40 | $278.56 | $310.90 |
| 8.0% | $176.48 | $187.16 | $199.78 | $214.92 | $233.43 |
| 9.0% | $146.99 | $154.29 | $162.72 | $172.54 | $184.16 |
| 10.0% | $124.51 | $129.70 | $135.59 | $142.31 | $150.07 |
| 11.0% | $106.82 | $110.63 | $114.88 | $119.66 | $125.09 |
Where the presets come from
Base: years 1 to 5 grow at MIDDLEBY Corp's revenue growth rate over the last 5 fiscal years (5.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions