Toromont Industries (TIH) Stock Overview
Provides specialized capital equipment in Canada, the United States, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
TIH passed our risk checks.
TIH Community Fair Values
Create NarrativeSee what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Toromont Industries Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$227.39 |
| 52 Week High | CA$229.16 |
| 52 Week Low | CA$117.38 |
| Beta | 0.98 |
| 1 Month Change | 7.83% |
| 3 Month Change | 7.41% |
| 1 Year Change | 91.07% |
| 3 Year Change | 109.92% |
| 5 Year Change | 110.45% |
| Change since IPO | 169,120.47% |
Recent News & Updates
Recent updates
Narrative Update • May 07
TIH: Index Inclusion And Dividend Lift Will Support A Measured Repricing Path
Analysts have lifted the implied fair value estimate for Toromont Industries from CA$209.56 to CA$226.00, reflecting updated views on margins and earnings quality following a series of price target increases across major Canadian banks. Analyst Commentary Recent Street research on Toromont Industries has been clustered around price target revisions, with several firms updating their estimates in quick succession.Narrative Update • Apr 21
TIH: Index Addition And Dividend Raise Will Anchor A Measured Repricing Outlook
Toromont Industries' updated fair value estimate has edged up to CA$209.56 from CA$207.89. This change reflects a series of recent price target increases from multiple analysts who cite refreshed assumptions around growth, margins and valuation multiples.Narrative Update • Apr 07
TIH: Index Inclusion And Dividend Increase Will Shape A Measured Forward Outlook
Analysts have lifted their price expectations for Toromont Industries, with Street targets now ranging from CA$181 to CA$228. These updated views on the company align closely with a refreshed fair value estimate of about CA$207.89 per share.Narrative Update • Mar 24
TIH: Higher P/E Assumptions And Dividend Increase Will Shape A Balanced Outlook
Analysts have lifted their average 12 month price target on Toromont Industries, with recent revisions ranging from CA$200 to CA$228 and supporting commentary pointing to updated assumptions around discount rates, profit margins and future P/E levels. Analyst Commentary Recent Street research on Toromont Industries clusters around higher price targets within a relatively tight range, with revisions cited alongside updated assumptions for discount rates, profit margins and future P/E levels.Narrative Update • Mar 09
TIH: Higher Multiple Assumptions And Dividend Increase Will Guide A Balanced Outlook
Analysts have lifted their average price targets on Toromont Industries into a CA$200 to CA$228 range, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research has focused on how Toromont Industries is priced against its execution and growth potential, with several firms revising their targets within the CA$200 to CA$228 range.Narrative Update • Feb 23
TIH: Higher Multiple Assumptions And Dividend Increase Will Shape A Measured Outlook
Analysts have lifted their average fair value estimate for Toromont Industries to CA$207.89 from CA$181.78, reflecting updated assumptions that include slightly lower discount rates, higher revenue growth, a modestly lower profit margin, and a higher future P/E multiple in line with a series of recent price target increases across the Street. Analyst Commentary Recent Street research on Toromont Industries has centered on a series of higher price targets, with several firms updating their models in quick succession.Analysis Article • Feb 14
Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.56
Toromont Industries Ltd. ( TSE:TIH ) has announced that it will be increasing its dividend from last year's comparable...Narrative Update • Feb 08
TIH: Refined Assumptions And Higher Range Will Guide A Measured Outlook
Analysts have raised their price target on Toromont Industries by C$6 to reflect updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples, citing recent Street research that indicates a higher assessed valuation range. Analyst Commentary Bullish Takeaways Bullish analysts see the C$6 price target increase as aligning the stock more closely with their updated fair value assumptions, suggesting the prior target was conservative relative to recent valuation work.Analysis Article • Jan 31
Is There Now An Opportunity In Toromont Industries Ltd. (TSE:TIH)?
Toromont Industries Ltd. ( TSE:TIH ) saw a double-digit share price rise of over 10% in the past couple of months on...Narrative Update • Jan 24
TIH: Higher Street Expectations And Completed Buybacks Will Shape A Measured Outlook
Analysts have nudged their price targets for Toromont Industries higher, with our updated fair value estimate rising modestly from C$174.11 to C$176.56. This reflects a cluster of recent target increases from C$160 to as high as C$180 and slightly firmer assumptions around margins and future P/E multiples.Narrative Update • Jan 09
TIH: Higher Street Expectations And Buybacks Will Shape A Measured Forward Outlook
Analysts have lifted their Street price targets for Toromont Industries to a range of about C$172 to C$180, reflecting updated views on valuation and earnings power, even as fair value and P/E assumptions in our model remain broadly unchanged. Analyst Commentary Street research on Toromont Industries has become more constructive on valuation, with a cluster of higher price targets and a mix of ratings that signal both optimism and caution.Analysis Article • Dec 26
Returns At Toromont Industries (TSE:TIH) Appear To Be Weighed Down
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Narrative Update • Dec 15
TIH: Rising Street Expectations And Opportunistic Buybacks Will Shape A Balanced Outlook
Toromont Industries narrative has been updated to reflect a higher analyst price target, supported by broadly raised Street estimates into the C$170 to C$180 range as analysts point to slightly stronger revenue growth expectations and resilient margins despite a modestly higher discount rate. Analyst Commentary Street research on Toromont Industries reflects a broadly constructive tone, with a clustering of price targets in the C$170 to C$180 range and only modest divergence on rating stance as valuation becomes fuller.Narrative Update • Nov 29
TIH: Market Momentum And Recent Buyback Actions Will Shape Balanced Near-Term Outlook
Analysts have raised their price target for Toromont Industries to C$174 from C$169, reflecting greater confidence in the company’s outlook because of continued positive revisions in growth expectations and market performance. Analyst Commentary Recent analyst actions reflect a dynamic outlook for Toromont Industries, with a series of price target increases as well as some caution based on valuation concerns.Analysis Article • Nov 26
We Think Toromont Industries (TSE:TIH) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Nov 15
TIH: Competing Upward Momentum And Valuation Limits Will Shape Near-Term Price Action
Analysts have raised their average price target for Toromont Industries from approximately C$161 to C$169. They cite stronger projected revenue growth and improved profit margins as key drivers of increased valuation.Narrative Update • Oct 30
TIH: Mixed Rating Shifts And Buyback Activity Will Influence Near-Term Market Position
Analysts have raised their price target for Toromont Industries from C$151.78 to C$161.33, reflecting improved profit margin expectations. However, valuations are seen as increasingly full.Narrative Update • Oct 16
US Capacity Expansion And Rental Fleet Will Boost Market Reach
The consensus analyst price target for Toromont Industries has been raised from $148.78 to $151.78. This change reflects increased confidence among analysts who cite recent upward target revisions and continued optimism for the company's performance.Analysis Article • Oct 11
A Look At The Intrinsic Value Of Toromont Industries Ltd. (TSE:TIH)
Key Insights The projected fair value for Toromont Industries is CA$153 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Sep 25
US Capacity Expansion And Rental Fleet Will Boost Market Reach
Toromont Industries’ analyst price target has risen modestly to CA$148.78, reflecting confidence in sustained earnings momentum, robust equipment demand, margin expansion, and positive end-market trends. Analyst Commentary Bullish analysts cite stronger-than-expected earnings momentum and resilient equipment demand across core end markets.Analysis Article • Aug 23
Is Toromont Industries (TSE:TIH) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jul 08
A Look At The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Toromont Industries fair value estimate is CA$130 Current...Analysis Article • Jun 23
Toromont Industries' (TSE:TIH) Returns Have Hit A Wall
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Narrative • Dec 01
Tactical Expansion And Investments Fuel Growth In Dynamic Equipment Market
Acquisition of Tri-City Equipment Rentals and improved equipment availability aim to expand heavy rents and boost future revenue streams.Shareholder Returns
| TIH | CA Trade Distributors | CA Market | |
|---|---|---|---|
| 7D | 2.1% | 2.6% | 0.4% |
| 1Y | 91.1% | 76.1% | 32.9% |
Return vs Industry: TIH exceeded the Canadian Trade Distributors industry which returned 75.5% over the past year.
Return vs Market: TIH exceeded the Canadian Market which returned 32.3% over the past year.
Price Volatility
| TIH volatility | |
|---|---|
| TIH Average Weekly Movement | 3.6% |
| Trade Distributors Industry Average Movement | 3.9% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in CA Market | 17.7% |
| 10% least volatile stocks in CA Market | 3.8% |
Stable Share Price: TIH has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: TIH's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 7,900 | Mike McMillan | www.toromont.com |
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the supply and rent business; providing product support services for specialized mobile equipment, industrial engines, material handling lift trucks, and heavy equipment rentals; designing and fabricating power generation and storage enclosures; suppling control systems for specialized mobile equipment; and developing distributed generators and combined heat and power projects using Caterpillar engines.
Toromont Industries Ltd. Fundamentals Summary
| TIH fundamental statistics | |
|---|---|
| Market cap | CA$18.49b |
| Earnings (TTM) | CA$514.85m |
| Revenue (TTM) | CA$5.34b |
36.0x
P/E Ratio3.5x
P/S RatioIs TIH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TIH income statement (TTM) | |
|---|---|
| Revenue | CA$5.34b |
| Cost of Revenue | CA$3.95b |
| Gross Profit | CA$1.40b |
| Other Expenses | CA$881.12m |
| Earnings | CA$514.85m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.31 |
| Gross Margin | 26.14% |
| Net Profit Margin | 9.64% |
| Debt/Equity Ratio | 23.7% |
How did TIH perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield33%
Payout RatioDoes TIH pay a reliable dividends?
See TIH dividend history and benchmarks| Toromont Industries dividend dates | |
|---|---|
| Ex Dividend Date | Jun 05 2026 |
| Dividend Pay Date | Jul 02 2026 |
| Days until Ex dividend | 5 days |
| Days until Dividend pay date | 32 days |
Does TIH pay a reliable dividends?
See TIH dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/29 13:26 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Toromont Industries Ltd. is covered by 14 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Heasman | Accountability Research Corporation |
| Devin Dodge | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |