Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally.
Established dividend payer with adequate balance sheet.
Share Price & News
How has Toromont Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 14T has not had significant price volatility in the past 3 months.
7 Day Return
DE Trade Distributors
1 Year Return
DE Trade Distributors
Return vs Industry: 14T underperformed the German Trade Distributors industry which returned 8.5% over the past year.
Return vs Market: 14T underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Toromont Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Toromont Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 14T (€49) is trading below our estimate of fair value (€103.46)
Significantly Below Fair Value: 14T is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 14T is poor value based on its PE Ratio (19.9x) compared to the Trade Distributors industry average (15.7x).
PE vs Market: 14T is good value based on its PE Ratio (19.9x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: 14T is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: 14T is overvalued based on its PB Ratio (3.7x) compared to the DE Trade Distributors industry average (1.3x).
How is Toromont Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 14T's forecast earnings growth (10.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: 14T's earnings (10.3% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: 14T's earnings are forecast to grow, but not significantly.
Revenue vs Market: 14T's revenue (5.1% per year) is forecast to grow slower than the German market (5.2% per year).
High Growth Revenue: 14T's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 14T's Return on Equity is forecast to be low in 3 years time (18.9%).
How has Toromont Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 14T has high quality earnings.
Growing Profit Margin: 14T's current net profit margins (7.8%) are higher than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: 14T's earnings have grown by 16.7% per year over the past 5 years.
Accelerating Growth: 14T's earnings growth over the past year (13.8%) is below its 5-year average (16.7% per year).
Earnings vs Industry: 14T earnings growth over the past year (13.8%) underperformed the Trade Distributors industry 20.1%.
Return on Equity
High ROE: 14T's Return on Equity (18.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Toromont Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 14T's short term assets (CA$1.8B) exceed its short term liabilities (CA$995.0M).
Long Term Liabilities: 14T's short term assets (CA$1.8B) exceed its long term liabilities (CA$842.5M).
Debt to Equity History and Analysis
Debt Level: 14T's debt to equity ratio (42.1%) is considered high.
Reducing Debt: 14T's debt to equity ratio has increased from 19.7% to 42.1% over the past 5 years.
Debt Coverage: 14T's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 14T's interest payments on its debt are well covered by EBIT (22.7x coverage).
Inventory Level: 14T has a high level of physical assets or inventory.
Debt Coverage by Assets: 14T's debt is covered by short term assets (assets are 2.8x debt).
What is Toromont Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 14T's dividend (1.77%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 14T's dividend (1.77%) is low compared to the top 25% of dividend payers in the German market (3.63%).
Stability and Growth of Payments
Stable Dividend: 14T's dividends per share have been stable in the past 10 years.
Growing Dividend: 14T's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.7%), 14T's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 14T's dividends in 3 years are forecast to be well covered by earnings (26.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Medhurst (57yo)
Mr. Scott J. Medhurst has been the Chief Executive Officer and President of Toromont Industries Ltd. since March 1, 2012. Mr. Medhurst served as the President of Toromont CAT at Toromont Industries Ltd. si ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD2.94M) is about average for companies of similar size in the German market ($USD2.28M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
|CEO, President & Director||7.9yrs||CA$3.89m||0.21% CA$8.2m|
|CFO & Executive VP||14.3yrs||CA$1.95m||0.046% CA$1.8m|
|Chief Information Officer & VP||25.1yrs||CA$1.34m||0.13% CA$5.2m|
|President of CIMCO Refrigeration||5.1yrs||CA$862.45k||0.020% CA$814.8k|
|General Counsel & Corporate Secretary||2.1yrs||no data||0.0089% CA$356.5k|
|President of Battlefield Equipment Rentals||1.1yrs||no data||no data|
Experienced Management: 14T's management team is seasoned and experienced (6.5 years average tenure).
|CEO, President & Director||7.9yrs||CA$3.89m||0.21% CA$8.2m|
|Independent Director||9.1yrs||CA$160.50k||0.032% CA$1.3m|
|Independent Director||26.1yrs||CA$164.50k||0.15% CA$6.1m|
|Corporate Director||0.8yrs||no data||0.00061% CA$24.4k|
|Independent Director||4.3yrs||CA$157.50k||0.024% CA$974.7k|
|Independent Chairman||6.8yrs||CA$325.00k||2.49% CA$99.6m|
|Independent Director||32.1yrs||CA$169.50k||0.028% CA$1.1m|
|Independent Director||1.3yrs||CA$22.89k||0.0037% CA$146.3k|
|Independent Director||6.6yrs||CA$166.50k||0.0021% CA$82.7k|
|Independent Director||6.6yrs||CA$155.50k||0.0069% CA$277.7k|
Experienced Board: 14T's board of directors are considered experienced (6.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 14T insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Toromont Industries Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Toromont Industries Ltd.
- Ticker: 14T
- Exchange: DB
- Founded: 1961
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: CA$5.736b
- Listing Market Cap: CA$3.996b
- Shares outstanding: 82.01m
- Website: https://www.toromont.com
Number of Employees
- Toromont Industries Ltd.
- 3131 Highway 7 West
- PO Box 5511
- L4K 1B7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TIH||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 1976|
|14T||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1976|
|TMTN.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1976|
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 is involved in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves road building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management sectors. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 22:33|
|End of Day Share Price||2020/02/21 00:00|
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 here.