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TOD'S

OTCPK:TODG.F
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TODG.F
OTCPK
€1B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

TOD'S S.p.A., together with its subsidiaries, creates, produces, and distributes shoes, leather goods and accessories, and apparel in Italy, Europe, the Americas, Greater China, and internationally. The last earnings update was 53 days ago. More info.


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TODG.F Share Price and Events
7 Day Returns
0%
OTCPK:TODG.F
-1.8%
US Luxury
-0.7%
US Market
1 Year Returns
-
OTCPK:TODG.F
8.9%
US Luxury
3%
US Market
TODG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TOD'S (TODG.F) 0% - - - -29.8% -65.1%
US Luxury -1.8% -5.6% -1.8% 8.9% 32.4% 45.6%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on TODG.F.
  • No trading data on TODG.F.
Price Volatility
TODG.F
Industry
5yr Volatility vs Market

Value

 Is TOD'S undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TOD'S to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TOD'S.

OTCPK:TODG.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TODG.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 9%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.688 (1 + (1- 24%) (19.34%))
0.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.859 * 9.02%)
10.48%

Discounted Cash Flow Calculation for OTCPK:TODG.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TOD'S is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:TODG.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.48%)
2019 49.20 Analyst x6 44.53
2020 52.53 Analyst x11 43.04
2021 57.31 Analyst x10 42.50
2022 57.00 Analyst x1 38.26
2023 75.00 Analyst x1 45.57
2024 81.44 Est @ 8.59% 44.79
2025 87.01 Est @ 6.83% 43.31
2026 91.88 Est @ 5.6% 41.40
2027 96.24 Est @ 4.74% 39.25
2028 100.22 Est @ 4.14% 37.00
Present value of next 10 years cash flows €419.65
OTCPK:TODG.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €100.22 × (1 + 2.73%) ÷ (10.48% – 2.73%)
€1,328.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,328.71 ÷ (1 + 10.48%)10
€490.51
OTCPK:TODG.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €419.65 + €490.51
€910.16
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €910.16 / 33.09
€27.5
OTCPK:TODG.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $30.57
Current discount Discount to share price of $48.13
= -1 x ($48.13 - $30.57) / $30.57
-57.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TOD'S is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TOD'S's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TOD'S's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TODG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.42
BIT:TOD Share Price ** BIT (2019-04-25) in EUR €43.3
United States of America Luxury Industry PE Ratio Median Figure of 38 Publicly-Listed Luxury Companies 16.7x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TOD'S.

OTCPK:TODG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:TOD Share Price ÷ EPS (both in EUR)

= 43.3 ÷ 1.42

30.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TOD'S is overvalued based on earnings compared to the US Luxury industry average.
  • TOD'S is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TOD'S's expected growth come at a high price?
Raw Data
OTCPK:TODG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
2.6%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:TODG.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.39x ÷ 2.6%

11.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TOD'S is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TOD'S's assets?
Raw Data
OTCPK:TODG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €32.19
BIT:TOD Share Price * BIT (2019-04-25) in EUR €43.3
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:TODG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:TOD Share Price ÷ Book Value per Share (both in EUR)

= 43.3 ÷ 32.19

1.35x

* Primary Listing of TOD'S.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TOD'S is good value based on assets compared to the US Luxury industry average.
X
Value checks
We assess TOD'S's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. TOD'S has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TOD'S expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TOD'S expected to grow at an attractive rate?
  • TOD'S's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TOD'S's earnings growth is positive but not above the United States of America market average.
  • TOD'S's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TODG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TODG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 2.6%
OTCPK:TODG.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 3%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TODG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TODG.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,121 2
2022-12-31 1,074 2
2021-12-31 1,027 103 59 13
2020-12-31 994 99 55 18
2019-12-31 952 92 114 16
OTCPK:TODG.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 950 25 47
2018-09-30 963 50 59
2018-06-30 976 74 70
2018-03-31 979 111 70
2017-12-31 983 148 71
2017-09-30 992 156 77
2017-06-30 1,000 164 84
2017-03-31 1,008 157 85
2016-12-31 1,015 150 86
2016-09-30 1,023 147 83
2016-06-30 1,031 144 80
2016-03-31 1,040 126 86

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TOD'S's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • TOD'S's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TODG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from TOD'S Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TODG.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.80 2.21 1.54 14.00
2020-12-31 1.65 2.98 1.03 19.00
2019-12-31 3.44 3.68 3.27 7.00
OTCPK:TODG.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.42
2018-09-30 1.77
2018-06-30 2.11
2018-03-31 2.13
2017-12-31 2.15
2017-09-30 2.34
2017-06-30 2.52
2017-03-31 2.57
2016-12-31 2.62
2016-09-30 2.57
2016-06-30 2.52
2016-03-31 2.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TOD'S is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TOD'S's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TOD'S has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TOD'S performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TOD'S's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TOD'S's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • TOD'S's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TOD'S's 1-year earnings growth is negative, it can't be compared to the US Luxury industry average.
Earnings and Revenue History
TOD'S's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TOD'S Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TODG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 950.21 47.15 315.81
2018-09-30 962.85 58.55 312.58
2018-06-30 975.50 69.95 309.34
2018-03-31 979.12 70.48 309.56
2017-12-31 982.74 71.01 309.77
2017-09-30 991.58 77.29 307.98
2017-06-30 1,000.43 83.57 306.19
2017-03-31 1,007.74 84.93 304.88
2016-12-31 1,015.05 86.29 303.58
2016-09-30 1,022.92 83.04 307.75
2016-06-30 1,030.79 79.79 311.92
2016-03-31 1,039.59 86.26 311.82
2015-12-31 1,048.40 92.74 311.72
2015-09-30 1,031.01 92.04 301.76
2015-06-30 1,013.62 91.34 291.80
2015-03-31 994.81 94.23 280.93
2014-12-31 976.01 97.11 270.05
2014-09-30 972.90 105.69 303.58
2014-06-30 969.80 114.26 337.11
2014-03-31 976.46 124.02 295.28
2013-12-31 983.12 133.78 253.44
2013-09-30 987.57 140.28 173.93
2013-06-30 992.02 146.78 94.42
2013-03-31 988.61 146.12 90.08
2012-12-31 985.19 145.46 85.75
2012-09-30 967.95 144.70 95.43
2012-06-30 950.71 143.95 105.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TOD'S has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TOD'S used its assets less efficiently than the US Luxury industry average last year based on Return on Assets.
  • TOD'S's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TOD'S's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TOD'S has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TOD'S's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TOD'S's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TOD'S is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TOD'S's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TOD'S's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TOD'S Company Filings, last reported 4 months ago.

OTCPK:TODG.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,064.70 277.08 191.27
2018-09-30 1,064.70 277.08 191.27
2018-06-30 1,072.38 291.26 238.78
2018-03-31 1,072.38 291.26 238.78
2017-12-31 1,087.15 225.22 221.61
2017-09-30 1,087.15 225.22 221.61
2017-06-30 1,060.97 242.32 203.34
2017-03-31 1,060.97 242.32 203.34
2016-12-31 1,090.48 277.65 227.71
2016-09-30 1,090.48 277.65 227.71
2016-06-30 1,042.11 384.05 271.37
2016-03-31 1,042.11 384.05 271.37
2015-12-31 866.08 95.17 217.80
2015-09-30 866.08 95.17 217.80
2015-06-30 816.62 102.86 159.43
2015-03-31 816.62 102.86 159.43
2014-12-31 814.61 48.81 165.95
2014-09-30 814.61 48.81 165.95
2014-06-30 772.39 41.38 155.30
2014-03-31 772.39 41.38 155.30
2013-12-31 801.10 63.74 228.18
2013-09-30 801.10 63.74 228.18
2013-06-30 752.71 54.89 173.08
2013-03-31 752.71 54.89 173.08
2012-12-31 763.09 83.43 168.33
2012-09-30 763.09 83.43 168.33
2012-06-30 690.16 94.60 154.54
  • TOD'S's level of debt (26%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.9% vs 26% today).
  • Debt is not well covered by operating cash flow (9.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 90x coverage).
X
Financial health checks
We assess TOD'S's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TOD'S has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TOD'S's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.31%
Current annual income from TOD'S dividends. Estimated to be 2.73% next year.
If you bought $2,000 of TOD'S shares you are expected to receive $46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TOD'S's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • TOD'S's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TODG.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TODG.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.13 15.00
2020-12-31 1.13 20.00
2019-12-31 1.27 20.00
OTCPK:TODG.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 1.000 2.354
2019-03-11 1.000 2.390
2018-04-03 1.400 2.753
2018-03-13 1.400 2.357
2017-03-31 1.700 2.852
2017-03-15 1.700 2.368
2016-03-31 2.000 3.597
2016-03-14 2.000 3.022
2015-04-01 2.000 2.530
2015-03-12 2.000 2.287
2014-03-24 2.700 3.218
2014-03-11 2.700 2.885
2013-03-13 2.700 2.314
2012-03-20 2.500 2.864
2012-03-13 2.500 2.979
2011-03-14 2.000 2.611
2010-03-22 1.500 2.358
2009-07-30 1.250 2.608

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of TOD'S's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess TOD'S's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TOD'S afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TOD'S has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TOD'S's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Umberto di Cellere
AGE 54
CEO Bio

Umberto Macchi di Cellere has been Director of Tod's SpA since April 2018.

CEO Compensation
  • Insufficient data for Umberto to compare compensation growth.
  • Insufficient data for Umberto to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Emilio MacEllari

TITLE
Executive Director
COMPENSATION
€736K
AGE
60

Cinzia Oglio

TITLE
Executive Director
COMPENSATION
€212K
AGE
48

Umberto di Cellere

TITLE
CEO & Executive Director
AGE
54

Rodolfo Ubaldi

TITLE
Manager for Financial Reporting

Claudio Castiglioni

TITLE
Global General Manager
Board of Directors

Diego Della Valle

TITLE
Chairman of the Board
COMPENSATION
€2M
AGE
65
TENURE
18.6 yrs

Andrea Valle

TITLE
Vice Chairman of the Board
COMPENSATION
€1M
AGE
53

Emilio MacEllari

TITLE
Executive Director
COMPENSATION
€736K
AGE
60

Cinzia Oglio

TITLE
Executive Director
COMPENSATION
€212K
AGE
48

Umberto di Cellere

TITLE
CEO & Executive Director
AGE
54
TENURE
1.1 yrs

Giulia Pusterla

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€90K
AGE
58

Vincenzo Manes

TITLE
Independent Non-Executive Director
COMPENSATION
€48K
AGE
58

Romina Guglielmetti

TITLE
Independent Non-Executive Director
COMPENSATION
€50K
AGE
45

Emanuele Valle

TITLE
Non-Executive Director
COMPENSATION
€31K
AGE
43

Maurizio Boscarato

TITLE
Non-Executive Director
COMPENSATION
€261K
AGE
77
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by TOD'S insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. May 19 Buy Diego Della Valle Individual 10. May 19 13. May 19 52,203 $47.60 $2,475,813
15. Mar 19 Buy Diego Della Valle Individual 12. Mar 19 12. Mar 19 125,000 $46.53 $5,815,724
30. Jan 19 Buy Diego Della Valle & C. S.A.P.A Company 28. Jan 19 28. Jan 19 331,000 $45.59 $15,090,541
28. Jan 19 Buy Diego Della Valle Individual 24. Jan 19 25. Jan 19 327,346 $46.59 $15,148,234
X
Management checks
We assess TOD'S's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TOD'S has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

TOD'S S.p.A., together with its subsidiaries, creates, produces, and distributes shoes, leather goods and accessories, and apparel in Italy, Europe, the Americas, Greater China, and internationally. The company provides shoes and luxury leather goods under the Tod’s brand; shoe collections for women, men, and children under the Hogan brand name; casual wear under the FAY brand; and shoes, bags, small leather goods, jewelry, and sunglasses under the Roger Vivier brand names. It distributes its products through directly operated stores (DOS), franchised retail outlets, and independent multi-brand stores. As of September 30, 2018, the company operated a distribution network of 279 DOS and 118 franchised stores. The company is headquartered in Sant'Elpidio a Mare, Italy. TOD'S S.p.A. is a subsidiary of DI.VI. FINANZIARIA of DIEGO DELLA VALLE & C. S.r.l.

Details
Name: TOD'S S.p.A.
TODG.F
Exchange: OTCPK
Founded:
€1,599,274,819
33,093,539
Website: http://www.todsgroup.com
Address: TOD'S S.p.A.
Via Filippo Della Valle, 1,
Sant'Elpidio a Mare,
63811,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT TOD Ordinary Shares Borsa Italiana IT EUR 06. Nov 2000
OTCPK TODG.F Ordinary Shares Pink Sheets LLC US USD 06. Nov 2000
DB TOB Ordinary Shares Deutsche Boerse AG DE EUR 06. Nov 2000
LSE 0NV4 Ordinary Shares London Stock Exchange GB EUR 06. Nov 2000
BATS-CHIXE TODM Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Nov 2000
OTCPK TDPA.Y ADS REP 1/10SH Pink Sheets LLC US USD 04. May 2012
Number of employees
Current staff
Staff numbers
4,531
TOD'S employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:54
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.