We’ve recently updated our valuation analysis.

Toro Valuation

Is TTC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTC?

Other financial metrics that can be useful for relative valuation.

TTC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA20.6x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does TTC's PE Ratio compare to its peers?

The above table shows the PE ratio for TTC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18x
AGCO AGCO
11.7x-0.1%US$9.9b
CNHI CNH Industrial
11.6x2.6%US$21.6b
LNN Lindsay
29.9x11.8%US$2.0b
DE Deere
18.7x6.3%US$133.2b
TTC Toro
30.1x14.1%US$11.6b

Price-To-Earnings vs Peers: TTC is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the peer average (18x).


Price to Earnings Ratio vs Industry

How does TTC's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.3%
n/an/an/a

Price-To-Earnings vs Industry: TTC is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the US Machinery industry average (21.6x)


Price to Earnings Ratio vs Fair Ratio

What is TTC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.1x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: TTC is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


Share Price vs Fair Value

What is the Fair Price of TTC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTC ($111.41) is trading below our estimate of fair value ($112.28)

Significantly Below Fair Value: TTC is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TTC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$111.41
US$110.50
-0.8%
14.9%US$127.00US$94.00n/a2
Nov ’23US$105.12
US$96.50
-8.2%
2.6%US$99.00US$94.00n/a2
Oct ’23US$86.48
US$96.50
+11.6%
2.6%US$99.00US$94.00n/a2
Sep ’23US$83.62
US$94.00
+12.4%
0%US$94.00US$94.00n/a1
Aug ’23US$86.62
US$96.00
+10.8%
0%US$96.00US$96.00n/a1
Jul ’23US$76.95
US$96.00
+24.8%
0%US$96.00US$96.00n/a1
Jun ’23US$80.99
US$94.00
+16.1%
0%US$94.00US$94.00n/a1
May ’23US$80.13
US$108.00
+34.8%
0%US$108.00US$108.00n/a1
Apr ’23US$86.50
US$96.50
+11.6%
11.9%US$108.00US$85.00n/a2
Mar ’23US$94.40
US$97.50
+3.3%
12.8%US$110.00US$85.00n/a2
Feb ’23US$97.08
US$102.50
+5.6%
17.1%US$120.00US$85.00n/a2
Jan ’23US$99.91
US$102.50
+2.6%
17.1%US$120.00US$85.00n/a2
Dec ’22US$100.38
US$101.50
+1.1%
16.3%US$118.00US$85.00n/a2
Nov ’22US$97.52
US$101.50
+4.1%
16.3%US$118.00US$85.00US$105.122
Oct ’22US$98.21
US$118.00
+20.2%
0%US$118.00US$118.00US$86.482
Sep ’22US$108.48
US$115.50
+6.5%
0.4%US$116.00US$115.00US$83.622
Aug ’22US$113.74
US$115.50
+1.5%
0.4%US$116.00US$115.00US$86.622
Jul ’22US$110.66
US$115.50
+4.4%
0.4%US$116.00US$115.00US$76.952
Jun ’22US$112.02
US$118.00
+5.3%
1.7%US$120.00US$116.00US$80.992
May ’22US$114.60
US$114.00
-0.5%
5.3%US$120.00US$108.00US$80.132
Apr ’22US$105.36
US$106.50
+1.1%
1.4%US$108.00US$105.00US$86.502
Mar ’22US$102.73
US$106.50
+3.7%
1.4%US$108.00US$105.00US$94.402
Feb ’22US$95.10
US$105.00
+10.4%
2.9%US$108.00US$102.00US$97.082
Jan ’22US$94.84
US$102.00
+7.5%
0%US$102.00US$102.00US$99.911
Dec ’21US$90.59
US$88.00
-2.9%
0%US$88.00US$88.00US$100.381
Nov ’21US$82.10
US$88.00
+7.2%
0%US$88.00US$88.00US$97.521

Analyst Forecast: Target price is lower than the current share price.


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