TOROMONT INDUSTRIES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 129.5 CAD | +0.25% |
|
+0.17% | +11.54% |
| Mar. 27 | National Bank on Ontario Budget | MT |
| Feb. 15 | Toromont Industries Price Target Raised to $140 at RBC | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,773 | 7,350 | 9,415 | 8,036 | 9,554 | 10,647 | - | - |
| Enterprise Value (EV) 1 | 6,075 | 7,421 | 9,144 | 7,756 | 9,161 | 10,128 | 9,957 | 10,290 |
| P/E ratio | 20.2 x | 28.9 x | 28.6 x | 17.9 x | 18 x | 19.6 x | 18.8 x | - |
| Yield | 1.53% | 1.39% | 1.19% | 1.6% | 1.48% | 1.48% | 1.48% | - |
| Capitalization / Revenue | 1.57 x | 2.11 x | 2.42 x | 1.9 x | 2.07 x | 2.22 x | 2.13 x | 2.19 x |
| EV / Revenue | 1.65 x | 2.13 x | 2.35 x | 1.83 x | 1.98 x | 2.11 x | 1.99 x | 2.11 x |
| EV / EBITDA | 10.6 x | 13.8 x | 14.4 x | 9.85 x | 10.3 x | 11.3 x | 10.7 x | 10.9 x |
| EV / FCF | 68.4 x | 24.3 x | 19.4 x | 52.5 x | - | 24.3 x | 21.9 x | 22.5 x |
| FCF Yield | 1.46% | 4.12% | 5.16% | 1.9% | - | 4.11% | 4.58% | 4.44% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 81,783 | 82,395 | 82,327 | 82,247 | 82,292 | 82,213 | - | - |
| Reference price 2 | 70.59 | 89.20 | 114.4 | 97.71 | 116.1 | 129.5 | 129.5 | 129.5 |
| Announcement Date | 2/11/20 | 2/10/21 | 2/9/22 | 2/14/23 | 2/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,679 | 3,479 | 3,887 | 4,231 | 4,622 | 4,801 | 5,009 | 4,872 |
| EBITDA 1 | 570.5 | 538.7 | 634.3 | 787 | 886.7 | 894.4 | 930.3 | 943.9 |
| EBIT 1 | 407.5 | 372.4 | 475.9 | 624.2 | 704.2 | 714.2 | 746.1 | 749.4 |
| Operating Margin | 11.08% | 10.71% | 12.25% | 14.75% | 15.24% | 14.88% | 14.89% | 15.38% |
| Earnings before Tax (EBT) 1 | 394.5 | 351.5 | 456.8 | 619.1 | 722.1 | 762 | 787 | - |
| Net income 1 | 286.8 | 254.9 | 332.7 | 454.2 | 534.7 | 556 | 575 | - |
| Net margin | 7.8% | 7.33% | 8.56% | 10.74% | 11.57% | 11.58% | 11.48% | - |
| EPS 2 | 3.490 | 3.090 | 4.000 | 5.470 | 6.450 | 6.600 | 6.905 | - |
| Free Cash Flow 1 | 88.83 | 305.7 | 471.5 | 147.6 | - | 416 | 455.6 | 456.7 |
| FCF margin | 2.41% | 8.79% | 12.13% | 3.49% | - | 8.67% | 9.1% | 9.37% |
| FCF Conversion (EBITDA) | 15.57% | 56.75% | 74.34% | 18.76% | - | 46.51% | 48.97% | 48.38% |
| FCF Conversion (Net income) | 30.97% | 119.94% | 141.72% | 32.5% | - | 74.83% | 79.23% | - |
| Dividend per Share 2 | 1.080 | 1.240 | 1.360 | 1.560 | 1.720 | 1.920 | 1.920 | - |
| Announcement Date | 2/11/20 | 2/10/21 | 2/9/22 | 2/14/23 | 2/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 997.2 | 956 | 860.1 | 1,081 | 1,140 | 1,150 | 1,061 | 1,175 | 1,174 | 1,227 | 1,083 | 1,224 | 1,230 | 1,267 | 1,104 |
| EBITDA 1 | 174.5 | 188.3 | 125.4 | 196.1 | 211 | 254.5 | 169.7 | 222.7 | 239 | 255 | 168.8 | 228.6 | 235.8 | 256 | 162 |
| EBIT 1 | 134.4 | 148.8 | 86.12 | 156.5 | 169.1 | 212.5 | 127.5 | 178.8 | 193.1 | 204.6 | 123.9 | 185.5 | 193.3 | 208.1 | 121 |
| Operating Margin | 13.48% | 15.56% | 10.01% | 14.48% | 14.84% | 18.48% | 12.02% | 15.22% | 16.45% | 16.67% | 11.45% | 15.16% | 15.71% | 16.43% | 10.96% |
| Earnings before Tax (EBT) 1 | - | 144.7 | - | 153.5 | - | 214.5 | 131.1 | 182.5 | - | - | 133.1 | - | - | - | - |
| Net income 1 | - | 105.6 | 59.53 | 111.7 | - | 159.9 | 96 | 139 | 145.6 | 154.1 | 97.2 | - | - | - | - |
| Net margin | - | 11.04% | 6.92% | 10.33% | - | 13.9% | 9.05% | 11.83% | 12.4% | 12.56% | 8.98% | - | - | - | - |
| EPS 2 | 1.120 | 1.270 | 0.7200 | 1.340 | 1.490 | 1.930 | 1.160 | 1.680 | 1.760 | 1.860 | 1.140 | 1.750 | 1.740 | 1.850 | 1.180 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | 43.00 | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/9/22 | 4/27/22 | 7/26/22 | 11/1/22 | 2/14/23 | 4/27/23 | 7/26/23 | 10/30/23 | 2/13/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 302 | 71.7 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 270 | 281 | 393 | 519 | 690 | 357 |
| Leverage (Debt/EBITDA) | 0.5287 x | 0.1332 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 88.8 | 306 | 472 | 148 | - | 416 | 456 | 457 |
| ROE (net income / shareholders' equity) | 20% | 15.8% | 18.2% | 21.2% | 22.8% | 21.2% | 21% | 19.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | - | 4.220 | 6.520 | 2.610 | - | 9.040 | 9.180 | - |
| Capex 1 | 57.2 | 43.3 | 136 | 215 | - | 271 | 261 | - |
| Capex / Sales | 1.55% | 1.24% | 3.5% | 5.09% | - | 5.64% | 5.21% | - |
| Announcement Date | 2/11/20 | 2/10/21 | 2/9/22 | 2/14/23 | 2/13/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
129.5
CAD
Average target price
136.7
CAD
Spread / Average Target
+5.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.54% | 7.78B | |
| +12.00% | 4.47B | |
| -28.00% | 1.55B | |
| +9.61% | 872M | |
| +13.12% | 542M | |
| -21.40% | 510M | |
| -1.81% | 493M | |
| +12.09% | 312M | |
| -16.02% | 284M | |
| +7.53% | 204M |
- Stock Market
- Equities
- TIH Stock
- Financials Toromont Industries Ltd.
