Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

The Toro Company (TTC)

Company Dividend Discount ModelIndustry: Manufacturing - Tools & AccessoriesSector: Industrials

Valuation Snapshot

Stable Growth$95.55 - $361.72$160.92
Multi-Stage$61.46 - $67.12$64.24
Blended Fair Value$112.58
Current Price$72.97
Upside54.28%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.23%12.74%1.481.401.241.111.060.950.840.750.650.55
YoY Growth--5.36%12.89%11.83%4.37%12.03%13.06%12.24%14.98%18.62%23.31%
Dividend Yield--1.77%1.49%1.18%1.15%1.13%1.19%1.41%1.15%1.36%1.47%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)333.00
(-) Cash Dividends Paid (M)150.70
(=) Cash Retained (M)182.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)66.6041.6324.98
Cash Retained (M)182.30182.30182.30
(-) Cash Required (M)-66.60-41.63-24.98
(=) Excess Retained (M)115.70140.68157.33
(/) Shares Outstanding (M)101.30101.30101.30
(=) Excess Retained per Share1.141.391.55
LTM Dividend per Share1.491.491.49
(+) Excess Retained per Share1.141.391.55
(=) Adjusted Dividend2.632.883.04
WACC / Discount Rate8.40%8.40%8.40%
Growth Rate5.50%6.50%7.50%
Fair Value$95.55$160.92$361.72
Upside / Downside30.94%120.52%395.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)333.00354.65377.70402.25428.39456.24469.93
Payout Ratio45.26%54.20%63.15%72.10%81.05%90.00%92.50%
Projected Dividends (M)150.70192.23238.53290.03347.22410.61434.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.40%8.40%8.40%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)175.67177.33179.00
Year 2 PV (M)199.18202.98206.81
Year 3 PV (M)221.32227.67234.15
Year 4 PV (M)242.12251.43261.01
Year 5 PV (M)261.66274.29287.41
PV of Terminal Value (M)5,125.985,373.565,630.63
Equity Value (M)6,225.926,507.276,799.00
Shares Outstanding (M)101.30101.30101.30
Fair Value$61.46$64.24$67.12
Upside / Downside-15.77%-11.97%-8.02%

High-Yield Dividend Screener

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