AMEX:CTO

Stock Analysis Report

Consolidated-Tomoka Land

Executive Summary

Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating company in the United States.

Snowflake

Fundamentals

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has Consolidated-Tomoka Land's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.2%

CTO

1.4%

US Real Estate

0.6%

US Market


1 Year Return

3.9%

CTO

5.6%

US Real Estate

6.2%

US Market

Return vs Industry: CTO underperformed the US Real Estate industry which returned 5.6% over the past year.

Return vs Market: CTO underperformed the US Market which returned 6.2% over the past year.


Share holder returns

CTOIndustryMarket
7 Day-2.2%1.4%0.6%
30 Day-5.5%-4.2%-1.8%
90 Day6.6%-2.5%-2.0%
1 Year4.6%3.9%6.6%5.6%8.6%6.2%
3 Year29.8%28.1%30.5%27.0%45.7%36.3%
5 Year36.8%34.5%13.8%9.4%68.5%50.0%

Price Volatility Vs. Market

How volatile is Consolidated-Tomoka Land's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Consolidated-Tomoka Land undervalued based on future cash flows and its price relative to the stock market?

18%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: CTO ($64.07) is trading below our estimate of fair value ($77.94)

Significantly Undervalued: CTO is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: CTO is good value based on its PE Ratio (11x) compared to the Real Estate industry average (20.4x).

PE vs Market: CTO is good value based on its PE Ratio (11x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: CTO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: CTO is overvalued based on its PB Ratio (1.6x) compared to the US Real Estate industry average (1.5x).


Next Steps

Future Growth

How is Consolidated-Tomoka Land expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CTO's earnings are forecast to decline over the next 3 years (-16.8% per year).

Earnings vs Market: CTO's earnings are forecast to decline over the next 3 years (-16.8% per year).

High Growth Earnings: CTO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CTO's revenue is expected to decline over the next 3 years (-7.3% per year).

High Growth Revenue: CTO's revenue is forecast to decline over the next 3 years (-7.3%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if CTO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Consolidated-Tomoka Land performed over the past 5 years?

41.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CTO's earnings have grown significantly by 41.7% per year over the past 5 years.

Accelerating Growth: CTO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CTO had negative earnings growth (-38.3%) over the past year, making it difficult to compare to the Real Estate industry average (-20%).


Return on Equity

High ROE: CTO's Return on Equity (15.7%) is considered low.


Return on Assets

ROA vs Industry: CTO has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: CTO has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Consolidated-Tomoka Land's financial position?


Financial Position Analysis

Short Term Liabilities: CTO's short term assets ($101.0M) exceeds its short term liabilities ($5.2M)

Long Term Liabilities: CTO's short term assets ($101.0M) do not cover its long term liabilities ($374.8M)


Debt to Equity History and Analysis

Debt Level: CTO's debt to equity ratio (141.2%) is considered high

Reducing Debt: CTO's debt to equity ratio has increased from 62.3% to 141.2% over the past 5 years.

Debt Coverage: CTO's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: CTO's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Inventory Level: CTO has a high level of physical assets or inventory.

Debt Coverage by Assets: CTO's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Consolidated-Tomoka Land's current dividend yield, its reliability and sustainability?

0.62%

Expected Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.5%markettop25%3.8%industryaverage3.8%forecastin3Years0.6%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: CTO's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: CTO's dividend (0.69%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: CTO is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CTO is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CTO is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CTO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Consolidated-Tomoka Land's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average management tenure


CEO

John Albright (53yo)

8.2yrs

Tenure

US$2,031,912

Compensation

Mr. John P. Albright has been the Chief Executive Officer and President of Consolidated Tomoka Land Co. since August 1, 2011. Mr. Albright served Managing Director of Finance for Crescent Real Estate Equit ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD2.03M) is about average for companies of similar size in the US market ($USD1.86M).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

6.3yrs

Average Tenure

53yo

Average Age

Experienced Management: CTO's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

2.4yrs

Average Tenure

53yo

Average Age

Experienced Board: CTO's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$299,62311 Jun 19
Mark Patten
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares5,000
Max PriceUS$59.92
BuyUS$29,55014 May 19
George Brokaw
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$59.10
BuyUS$29,56009 May 19
Casey Wold
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$59.12
SellUS$85,419,12511 Apr 19
Wintergreen Advisers, LLC
EntityCompany
Shares1,553,075
Max PriceUS$55.00
BuyUS$24,78007 Mar 19
R. Gable
EntityIndividual
Role
Member of the Board of Directors
Director
Shares420
Max PriceUS$59.00
BuyUS$41,82007 Mar 19
George Brokaw
EntityIndividual
Role
Member of the Board of Directors
Director
Shares700
Max PriceUS$60.00
BuyUS$6,00001 Mar 19
George Brokaw
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100
Max PriceUS$60.00
BuyUS$48021 Feb 19
George Brokaw
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8
Max PriceUS$60.00
BuyUS$25,10821 Feb 19
R. Gable
EntityIndividual
Role
Member of the Board of Directors
Director
Shares415
Max PriceUS$60.50
BuyUS$8,86621 Feb 19
Steven Greathouse
EntityIndividual
Role
Chief Investment Officer
Senior Vice President of Investments
Shares146
Max PriceUS$61.00
BuyUS$32,33619 Feb 19
George Brokaw
EntityIndividual
Role
Member of the Board of Directors
Director
Shares538
Max PriceUS$60.11

Ownership Breakdown


Management Team

  • Mark Patten (55yo)

    Senior VP & CFO

    • Tenure: 7.5yrs
    • Compensation: US$671.04k
  • Teresa Thornton-Hill

    VP, Corporate Counsel & Assistant Corporate Secretary

    • Tenure: 0yrs
  • John Albright (53yo)

    President

    • Tenure: 8.2yrs
    • Compensation: US$2.03m
  • Steven Greathouse (41yo)

    Senior Vice President of Investments

    • Tenure: 7.8yrs
    • Compensation: US$643.40k
  • Dan Smith (53yo)

    Senior VP

    • Tenure: 5yrs
    • Compensation: US$608.10k
  • E. Bullock

    Vice President of Real Estate

    • Tenure: 4.3yrs
  • Lisa Vorakoun

    VP & Controller

    • Tenure: 2.3yrs

Board Members

  • Casey Wold (61yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$64.90k
  • Laura Franklin (58yo)

    Chairman of the Board

    • Tenure: 2.4yrs
    • Compensation: US$131.89k
  • Howard Serkin (73yo)

    Vice Chairman of the Board

    • Tenure: 2.4yrs
    • Compensation: US$82.38k
  • George Brokaw (51yo)

    Director

    • Tenure: 1yrs
    • Compensation: US$18.17k
  • John Albright (53yo)

    President

    • Tenure: 8.2yrs
    • Compensation: US$2.03m
  • Chris Haga (51yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$72.34k
  • Blake Gable (48yo)

    Director

    • Tenure: 1yrs
    • Compensation: US$10.71k

Company Information

Consolidated-Tomoka Land Co.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Consolidated-Tomoka Land Co.
  • Ticker: CTO
  • Exchange: AMEX
  • Founded: 1902
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: US$315.720m
  • Shares outstanding: 4.93m
  • Website: https://www.ctlc.com

Number of Employees


Location

  • Consolidated-Tomoka Land Co.
  • 1140 North Williamson Boulevard
  • Suite 140
  • Daytona Beach
  • Florida
  • 32114
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTOAMEX (NYSE MKT LLC)YesCommon StockUSUSDDec 1972

Biography

Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/12 23:55
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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