| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 38 | 30.8x | 17.3x | Bottom tier | |
Growth | 62 | 0.3% | 7.1% | Around median | |
Quality | 49 | 5.3% | 4.5% | Around median | |
Safety | 67 | 1.9x | 2.6x | Top tier | |
Capital Return | 10 | 0.00% | 0.06% | Bottom tier | |
Momentum | — | — | -1.6% | N/A | |
Sentiment | 85 | — | 3 | Top tier |
The floor: what the company is worth if growth stopped today
86% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Midera Food Processing designs, manufactures, and services integrated food processing lines and equipment through more than 30 specialized brands across protein, bakery, and snack applications. The company operates from 29 factories and sells across six continents, with applications including the production of bacon, sausages, processed meats, bread, cakes, and tortillas. Approximately 40% of revenue on a last-12-month basis comes from parts and services for more than 100,000 installed units and systems, while equipment sales consist of standalone machines and Total Line Solutions that integrate multiple brands into a complete production line.
In fiscal Q2 2026, revenue reached $245.4 million, up 13% year over year, including 1% organic growth, an 11% inorganic contribution, and a 1% positive currency impact. Gross profit was $86.7 million, implying a calculated gross margin of approximately 35.3%, while net income was $10.8 million. Parts and services represented 38% of quarterly sales, while the large Frigomeccanica transaction supported equipment sales and inorganic growth.
Estimated adjusted EBITDA on a standalone-company basis was $41.8 million in fiscal Q2 2026, exceeding the upper end of prior guidance of $41 million, after accounting for $8 million of estimated quarterly standalone public-company costs. This metric grew 11% year over year, but its margin declined to 17% from 17.4% due to delayed snack-equipment shipments and inflation in freight and tariff costs. Midera completed its separation from The Middleby Corporation on July 6, 2026, so the quarter's results were presented based on historical carve-out financial statements with additional estimates for standalone operating costs.
The average analyst price target is $45, within a relatively narrow range of $40 to $50, and the data do not include the distribution of buy, hold, and sell ratings. The average target is approximately 77.5% below the top of the 52-week range of $200 and approximately 114% above its low of $21, highlighting the magnitude of the repricing that accompanied the separation period and the beginning of independent trading. The targets should be weighed against the complexity of the carve-out financial statements, estimated annual standalone costs of approximately $32 million, and the year-over-year decline in quarterly margin despite the increase in fiscal 2026 guidance.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Quarterly revenue reached $245.4 million, up 13% year over year. Only 1% of the growth was organic, while acquisitions contributed 11% and currency contributed 1%, and early recognition of the large Frigomeccanica project supported equipment growth. At the same time, parts and services grew across the installed base and represented 38% of quarterly sales.
Total Line Solutions integrate equipment from multiple brands into a complete production line, and Midera offers these solutions across more than 20 product lines. Their orders are growing at a double-digit rate, faster than the rest of the business, and their service-agreement attachment rate exceeds 90%. In fiscal Q2 2026, the company executed a large project involving Frigomeccanica and four brands in the processed-meat category, while another solution delivered $4.4 million in annual savings for a customer and a 55% return.
The company expects revenue of between $935 million and $965 million in fiscal 2026. It expects estimated adjusted EBITDA on a standalone-company basis of between $160 million and $176 million, after accounting for $32 million of estimated annual standalone public-company costs. The guidance raised the midpoint of the revenue range by $20 million and the midpoint of the earnings range by $3 million, with approximately 130 basis points of margin expansion expected compared with fiscal 2025 at the midpoint.
Automated analysis for informational purposes only — not investment advice.
Quarterly orders reached $275 million, up 16% year over year, including approximately 11% organic growth. The backlog reached a record $446 million, up 51% year over year, and covered more than 80% of the second-half equipment sales assumed in guidance. However, the company expects 46% of remaining-year sales in Q3 and 54% in Q4, so shipping and execution timing remain important factors.
Parts and services represented 38% of fiscal Q2 2026 sales and 40% of revenue on a last-12-month basis. The company serves a base of more than 100,000 units and systems through more than 300 technicians and 20 offices worldwide, and support for lines can extend from five years to 20 years. Total Line Solutions reinforce this income because service agreements are attached to more than 90% of these lines when sold.
Estimated adjusted EBITDA margin on a standalone-company basis declined to 17% in fiscal Q2 2026 from 17.4% in the comparable period. Management attributed the decline to delayed snack-equipment shipments and inflation in freight and tariffs, despite 220 basis points of sequential margin improvement. The guidance requires 50 basis points of sequential improvement in Q3 and further improvement in Q4, depending on backlog mix, pricing, cost absorption, and benefits from the Midera Operating System.