The Middleby Corporation (MIDD) vs Enpro Inc. (NPO)

The Middleby Corporation and Enpro Inc. are both Specialty Industrial Machinery companies. The Middleby Corporation and Enpro Inc. are of similar size ($5.9B and $5.5B). The Middleby Corporation has negative trailing earnings, so its P/E is not meaningful; Enpro Inc. trades at 87.4×. Enpro Inc. grew revenue faster over the last twelve months: 16.4% against 8.43%. Enpro Inc. has the higher net margin (4.88% vs −13.9%) and the lower return on invested capital (5.98% vs 8.97%). Across the 21 metrics below, Enpro Inc. leads on 11 and The Middleby Corporation on 10.

Valuation

Metric MIDD NPO Specialty Industrial Machinery median
P/E n/m 87.41 25.64
P/S 1.74 4.26 2.81
P/B 2.67 3.37 2.99
Price to free cash flow 12.25 30.93 23.82
EV/EBITDA 11.30 19.30 15.15
EV/Sales 2.28 4.60 2.77
Earnings yield (7.12%) 1.14% 3.07%
Free cash flow yield 8.16% 3.23% 3.67%

Profitability

Metric MIDD NPO Specialty Industrial Machinery median
Gross margin 38.40% 43.21% 35.46%
Operating margin 17.07% 15.35% 10.04%
Net margin (13.91%) 4.88% 7.24%
Free cash flow margin 14.22% 13.77% 9.04%
Return on equity (16.16%) 3.99% 10.73%
Return on assets (7.42%) 2.47% 4.51%
Return on invested capital 8.97% 5.98% 5.00%

Growth

Metric MIDD NPO Specialty Industrial Machinery median
Revenue growth (TTM) 8.43% 16.42% 6.59%
EPS growth (last fiscal year) (167.34%) (44.64%) 5.97%
Revenue growth, 5-year CAGR 4.96% 7.40% 8.53%
Net income growth, 5-year CAGR 0.00% (25.59%) 6.58%

Health

Metric MIDD NPO Specialty Industrial Machinery median
Debt to equity 0.90 0.32 0.33
Current ratio 1.99 2.12 2.08
Net debt to EBITDA 2.87 2.04 1.32

Dividend

Metric MIDD NPO Specialty Industrial Machinery median
Dividend yield — 0.49% 1.11%
Payout ratio — 0.43 0.31

Size

Metric MIDD NPO Specialty Industrial Machinery median
Market cap 5.89b 5.45b 2.19b

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