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Tootsie Roll Industries

NYSE:TR
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TR
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Tootsie Roll Industries, Inc., together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The last earnings update was 71 days ago. More info.


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TR Share Price and Events
7 Day Returns
2.2%
NYSE:TR
0.8%
US Food
-1.2%
US Market
1 Year Returns
29.9%
NYSE:TR
1.2%
US Food
3.4%
US Market
TR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tootsie Roll Industries (TR) 2.2% 0.5% -3.4% 29.9% 8.4% 59.8%
US Food 0.8% 0.8% 2.8% 1.2% -15.8% 22.1%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • TR outperformed the Food industry which returned 1.2% over the past year.
  • TR outperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
TR
Industry
5yr Volatility vs Market

Value

 Is Tootsie Roll Industries 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 Tootsie Roll Industries 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 Tootsie Roll Industries.

NYSE:TR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.5%
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 NYSE:TR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (0.4%))
0.709
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:TR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tootsie Roll Industries 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.

NYSE:TR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 86.71 Est @ 4.56% 80.66
2021 90.19 Est @ 4.01% 78.04
2022 93.46 Est @ 3.63% 75.23
2023 96.60 Est @ 3.36% 72.34
2024 99.66 Est @ 3.17% 69.42
2025 102.69 Est @ 3.04% 66.54
2026 105.71 Est @ 2.95% 63.73
2027 108.76 Est @ 2.88% 60.99
2028 111.84 Est @ 2.84% 58.34
2029 114.97 Est @ 2.8% 55.80
Present value of next 10 years cash flows $681.09
NYSE:TR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $114.97 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$2,477.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,477.22 ÷ (1 + 7.5%)10
$1,202.16
NYSE:TR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $681.09 + $1,202.16
$1,883.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,883.25 / 65.67
$28.68
NYSE:TR Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.68
Current discount Discount to share price of $37.64
= -1 x ($37.64 - $28.68) / $28.68
-31.3%

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

  • The current share price of Tootsie Roll Industries 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 Tootsie Roll Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tootsie Roll Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.87
NYSE:TR Share Price ** NYSE (2019-07-19) in USD $37.64
United States of America Food Industry PE Ratio Median Figure of 42 Publicly-Listed Food Companies 26.09x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

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

** Primary Listing of Tootsie Roll Industries.

NYSE:TR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TR Share Price ÷ EPS (both in USD)

= 37.64 ÷ 0.87

43.05x

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

  • Tootsie Roll Industries is overvalued based on earnings compared to the US Food industry average.
  • Tootsie Roll Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tootsie Roll Industries's expected growth come at a high price?
Raw Data
NYSE:TR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.6%per year
United States of America Food Industry PEG Ratio Median Figure of 31 Publicly-Listed Food Companies 1.98x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Tootsie Roll Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tootsie Roll Industries's assets?
Raw Data
NYSE:TR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.34
NYSE:TR Share Price * NYSE (2019-07-19) in USD $37.64
United States of America Food Industry PB Ratio Median Figure of 68 Publicly-Listed Food Companies 1.98x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NYSE:TR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TR Share Price ÷ Book Value per Share (both in USD)

= 37.64 ÷ 11.34

3.32x

* Primary Listing of Tootsie Roll Industries.

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

  • Tootsie Roll Industries is overvalued based on assets compared to the US Food industry average.
X
Value checks
We assess Tootsie Roll Industries'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Tootsie Roll Industries has a total score of 0/6, 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 Tootsie Roll Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tootsie Roll Industries, future earnings growth has been estimated based on fundamentals.
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
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tootsie Roll Industries expected to grow at an attractive rate?
  • Tootsie Roll Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tootsie Roll Industries's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Tootsie Roll Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:TR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.6%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 22%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
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 7.4%

*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
NYSE:TR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 519 102 58
2018-12-31 519 101 57
2018-09-30 517 66 77
2018-06-30 518 41 78
2018-03-31 517 41 79
2017-12-31 519 43 81
2017-09-30 518 70 67
2017-06-30 522 85 68
2017-03-31 521 95 68
2016-12-31 521 99 68
2016-09-30 537 108 69
2016-06-30 535 90 67

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tootsie Roll Industries's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Tootsie Roll Industries is high growth as no revenue estimate data is available.
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
NYSE:TR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tootsie Roll Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.87
2018-12-31 0.86
2018-09-30 1.16
2018-06-30 1.17
2018-03-31 1.18
2017-12-31 1.21
2017-09-30 0.99
2017-06-30 1.01
2017-03-31 1.00
2016-12-31 0.99
2016-09-30 1.02
2016-06-30 0.98

*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.
  • Unable to establish if Tootsie Roll Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tootsie Roll Industries'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.
Tootsie Roll Industries has a total score of 1/6, 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 Tootsie Roll Industries 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 Tootsie Roll Industries's growth in the last year to its industry (Food).
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.
  • Tootsie Roll Industries's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Tootsie Roll Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tootsie Roll Industries's 1-year earnings growth is negative, it can't be compared to the US Food industry average.
Earnings and Revenue History
Tootsie Roll Industries'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 Tootsie Roll Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 519.10 57.72 117.08
2018-12-31 518.92 56.89 116.31
2018-09-30 516.94 76.70 116.23
2018-06-30 517.65 77.53 113.38
2018-03-31 516.63 78.94 110.49
2017-12-31 519.29 80.86 109.63
2017-09-30 518.45 66.72 106.10
2017-06-30 521.79 68.42 105.26
2017-03-31 521.16 67.67 104.49
2016-12-31 521.10 67.51 107.98
2016-09-30 536.65 69.37 107.33
2016-06-30 534.92 66.91 104.12
2016-03-31 538.19 66.83 106.21
2015-12-31 540.11 66.09 107.10
2015-09-30 538.18 64.41 109.85
2015-06-30 545.57 64.90 111.86
2015-03-31 542.06 62.87 113.44
2014-12-31 543.53 63.30 113.96
2014-09-27 541.23 62.64 114.91
2014-06-28 541.92 62.02 118.61
2014-03-29 539.88 61.36 116.59
2013-12-31 543.38 60.85 111.00
2013-09-28 535.61 56.28 116.52
2013-06-29 544.08 53.16 116.04
2013-03-30 550.34 52.30 114.57
2012-12-31 549.87 52.00 113.84
2012-09-29 550.58 49.48 115.66

*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.
  • Tootsie Roll Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tootsie Roll Industries used its assets less efficiently than the US Food industry average last year based on Return on Assets.
  • Tootsie Roll Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tootsie Roll Industries'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 Food 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.
Tootsie Roll Industries has a total score of 1/6, 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 Tootsie Roll Industries'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 Tootsie Roll Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tootsie Roll Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tootsie Roll Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tootsie Roll Industries'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 33.9x 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 Tootsie Roll Industries Company Filings, last reported 3 months ago.

NYSE:TR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 744.66 8.26 159.66
2018-12-31 750.50 7.87 186.04
2018-09-30 746.74 7.69 132.71
2018-06-30 726.03 7.92 103.55
2018-03-31 726.46 7.93 110.19
2017-12-31 733.80 7.94 137.92
2017-09-30 714.52 7.90 123.78
2017-06-30 703.52 7.83 129.74
2017-03-31 706.80 7.83 145.56
2016-12-31 711.54 8.07 186.66
2016-09-30 705.55 7.95 122.14
2016-06-30 700.40 8.12 124.94
2016-03-31 697.49 8.35 133.81
2015-12-31 698.55 8.11 168.30
2015-09-30 693.52 8.18 124.15
2015-06-30 686.29 8.12 138.22
2015-03-31 688.11 8.16 137.96
2014-12-31 691.14 8.32 139.56
2014-09-27 691.43 8.58 81.20
2014-06-28 678.71 8.58 96.09
2014-03-29 676.22 8.74 88.95
2013-12-31 680.31 7.50 121.86
2013-09-28 667.62 7.50 64.31
2013-06-29 646.43 7.50 56.81
2013-03-30 649.77 7.50 73.24
2012-12-31 649.82 7.50 82.61
2012-09-29 678.66 7.50 51.69
  • Tootsie Roll Industries's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1.3% vs 1.1% today).
  • Debt is well covered by operating cash flow (1233.4%, greater than 20% of total debt).
  • Tootsie Roll Industries earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Tootsie Roll Industries'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. Tootsie Roll Industries has a total score of 6/6, 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 Tootsie Roll Industries'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
0.96%
Current annual income from Tootsie Roll Industries dividends.
If you bought $2,000 of Tootsie Roll Industries shares you are expected to receive $19 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?
  • Tootsie Roll Industries's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Tootsie Roll Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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
NYSE:TR 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 0 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
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 3.8%

Industry and Market average data is calculated daily.

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

NYSE:TR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.360 0.941
2019-03-01 0.350 0.925
2018-11-09 0.350 1.047
2018-08-08 0.350 1.217
2018-05-10 0.339 1.177
2018-03-01 0.339 1.176
2017-11-07 0.339 1.009
2017-08-04 0.329 0.948
2017-05-05 0.329 0.975
2017-02-27 0.330 0.928
2016-11-04 0.330 0.934
2016-08-05 0.330 0.988
2016-05-09 0.320 0.949
2016-02-26 0.320 1.017
2015-11-06 0.320 1.134
2015-08-07 0.320 1.138
2015-05-08 0.276 0.973
2015-02-27 0.276 0.950
2014-11-05 0.276 1.046
2014-08-05 0.276 1.135
2014-05-07 0.268 1.094
2014-02-28 0.268 1.073
2013-11-06 0.260 0.991
2013-10-23 0.260 0.965
2013-08-08 0.260 0.992
2013-05-08 0.260 0.952
2013-03-01 0.260 1.041
2013-02-13 0.260 1.149
2012-11-07 0.260 1.194
2012-08-09 0.260 1.218
2012-07-26 0.260 1.311
2012-05-10 0.260 1.378
2012-04-25 0.260 1.402
2012-02-29 0.253 1.378
2012-02-15 0.253 1.345
2011-11-10 0.253 1.341
2011-10-28 0.253 1.311
2011-08-11 0.253 1.300
2011-07-29 0.253 1.202
2011-05-11 0.253 1.109
2011-04-28 0.253 1.096
2011-03-01 0.245 1.103
2011-02-14 0.245 1.133
2010-11-12 0.245 1.141
2010-10-27 0.245 1.201
2010-08-12 0.245 1.297
2010-07-29 0.245 1.283
2010-05-13 0.238 1.250
2010-04-30 0.238 1.172
2010-03-01 0.238 1.133
2010-02-11 0.238 1.190
2009-11-12 0.238 1.210
2009-10-29 0.238 1.279
2009-08-13 0.238 1.327
2009-07-29 0.238 1.314
2009-05-13 0.238 1.393
2009-03-02 0.231 1.389
2009-02-17 0.231 1.491
2008-11-05 0.231 1.302
2008-10-23 0.231 1.334
2008-08-06 0.231 1.162
2008-07-24 0.231 1.159

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tootsie Roll Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tootsie Roll Industries'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 Tootsie Roll Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tootsie Roll Industries 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 Tootsie Roll Industries'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
Ellen Gordon
COMPENSATION $5,146,692
AGE 87
TENURE AS CEO 4.5 years
CEO Bio

Mrs. Ellen R. Gordon has been the Chairperson of the Board and Chief Executive Officer of Tootsie Roll Industries, Inc. since January 20, 2015. Mrs. Gordon serves as the President of C G C Corporation. She also serves as Vice President at HDI Investment Corp. Mrs. Gordon served as the President of Tootsie Roll Industries Inc. since 1978 and its Chief Operating Officer from 1978 to 2015. She served as Senior Vice President at Tootsie Roll. Mrs. Gordon has been a Director of Tootsie Roll Industries, Inc. since 1969. She has been a Director of The Best foods, Inc., since 1991. She serves as Director of HDI Investment Corp.

CEO Compensation
  • Ellen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ellen's remuneration is about average for companies of similar size in United States of America.
Management Team

Ellen Gordon

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
87
TENURE
4.5 yrs

G. Ember

TITLE
Vice President of Finance
COMPENSATION
$2M
AGE
66

Thomas Corr

TITLE
Vice President of Marketing & Sales
COMPENSATION
$2M
AGE
70

Barry Bowen

TITLE
Treasurer & Assistant Secretary
COMPENSATION
$1M
AGE
63

Richard Berezewski

TITLE
Controller
AGE
64
TENURE
14.1 yrs
Board of Directors Tenure

Average tenure and age of the Tootsie Roll Industries board of directors in years:

9.3
Average Tenure
74.5
Average Age
  • The tenure for the Tootsie Roll Industries board of directors is about average.
Board of Directors

Ellen Gordon

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
87
TENURE
4.5 yrs

Barre Seibert

TITLE
Director
COMPENSATION
$130K
AGE
77
TENURE
14.2 yrs

Lana Lewis-Brent

TITLE
Director
COMPENSATION
$119K
AGE
72
TENURE
31.5 yrs

Paula Wardynski

TITLE
Director
COMPENSATION
$119K
AGE
61
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Nov 18 Sell GAMCO Investors, Inc. Company 05. Oct 18 28. Nov 18 -85,361 $34.66 $-1,822,725
29. Nov 18 Buy GAMCO Investors, Inc. Company 16. Nov 18 28. Nov 18 1,133 $34.51 $21,330
X
Management checks
We assess Tootsie Roll Industries'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. Tootsie Roll Industries 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

Is Tootsie Roll Industries, Inc. (NYSE:TR) A Financially Strong Company?

On top of this, TR has produced US$102m in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 1058%, meaning that TR’s debt is appropriately covered by operating cash. … At the current liabilities level of US$53m, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 5.28x. … Next Steps: TR has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

Should You Be Concerned About Tootsie Roll Industries, Inc.'s (NYSE:TR) ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Tootsie Roll Industries: 7.7% = US$58m ÷ US$745m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Tootsie Roll Industries Have A Good Return On Equity? … Combining Tootsie Roll Industries's Debt And Its 7.7% Return On Equity While Tootsie Roll Industries does have a tiny amount of debt, with debt to equity of just 0.013, we think the use of debt is very modest.

Simply Wall St -

Here’s What Tootsie Roll Industries, Inc.’s (NYSE:TR) Return On Capital Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

If You Had Bought Tootsie Roll Industries (NYSE:TR) Shares Five Years Ago You'd Have Made 60%

To wit, the Tootsie Roll Industries share price has climbed 60% in five years, easily topping the market return of 46% (ignoring dividends). … Over half a decade, Tootsie Roll Industries managed to grow its earnings per share at 0.1% a year. … Dive deeper into Tootsie Roll Industries's key metrics by checking this interactive graph of Tootsie Roll Industries's earnings, revenue and cash flow.

Simply Wall St -

Tootsie Roll Industries, Inc. (NYSE:TR): Financial Strength Analysis

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Tootsie Roll Industries, Inc. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Tootsie Roll Industries

Simply Wall St -

Tootsie Roll Industries, Inc.’s (NYSE:TR) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Don't Sell Tootsie Roll Industries, Inc. (NYSE:TR) Before You Read This

We'll show how you can use Tootsie Roll Industries, Inc.'s (NYSE:TR) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Tootsie Roll Industries's P/E ratio is 28.37. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Tootsie Roll Industries Inc's (NYSE:TR) CEO Salary Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Ellen Gordon's Compensation Compare With Similar Sized Companies. … Our data indicates that Tootsie Roll Industries Inc is worth US$2.3b, and total annual CEO compensation is US$5.5m.

Simply Wall St -

All You Need To Know About Tootsie Roll Industries Inc's (NYSE:TR) Financial Health

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Tootsie Roll Industries Inc (NYSE:TR), with a market cap of US$2.2b, are often out of the spotlight. … TR’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … See our latest analysis for Tootsie Roll Industries

Simply Wall St -

Can Tootsie Roll Industries Inc (NYSE:TR) Improve Its Returns?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Tootsie Roll Industries Inc (NYSE:TR). … Our data shows Tootsie Roll Industries has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Tootsie Roll Industries, Inc., together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the Tootsie Roll, Tootsie Pops, Child’s Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella’s, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, Nik-L-Nip, and Tutsi Pop trademarks. Tootsie Roll Industries, Inc. sells its products directly to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, the United States military, and fund-raising charitable organizations, as well as through candy and grocery brokers. The company was founded in 1896 and is based in Chicago, Illinois. Tootsie Roll of Canada ULC operates as a subsidiary of Tootsie Roll Industries, Inc.

Details
Name: Tootsie Roll Industries, Inc.
TR
Exchange: NYSE
Founded: 1896
$2,402,286,205
65,670,275
Website: http://www.tootsie.com
Address: Tootsie Roll Industries, Inc.
7401 South Cicero Avenue,
Chicago,
Illinois, 60629,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TR Common Stock New York Stock Exchange US USD 02. Jan 1968
DB TZ3 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
OTCPK TROL.B Class B Common Stock Pink Sheets LLC US USD 30. Jul 2003
Number of employees
Current staff
Staff numbers
2,000
Tootsie Roll Industries employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:58
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
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.