News
Top Headlines
- Will Lower Revenues Mar Toll Brothers (TOL) Q2 Earnings?
- Reviewing Toll Brothers Inc. (TOL)'s and William Lyon Homes ...
- Toll Brothers Earnings Preview: The Stock Appears To Be Setting ...
- Toll Brothers' Website to Broadcast its May 22, 2019 Second Quarter ...
- Analysts Estimate Toll Brothers (TOL) to Report a Decline in ...
Anual Revenue
- Will Lower Revenues Mar Toll Brothers (TOL) Q2 Earnings?
- Toll Brothers Earnings Preview: The Stock Appears To Be Setting ...
- Battle to get the best out of Market: Toll Brothers, Inc. (TOL), Covanta ...
- Toll Brothers' Website to Broadcast its May 22, 2019 Second Quarter ...
Anual Profit
- Will Lower Revenues Mar Toll Brothers (TOL) Q2 Earnings?
- Toll Brothers Earnings Preview: The Stock Appears To Be Setting ...
- Shareholders Are Loving Toll Brothers, Inc.'s (NYSE:TOL) 1.1% Yield
- Will Lower Revenues Mar Toll Brothers (TOL) Q2 Earnings?
EBITDA
- Toll Brothers, Inc. (NYSE:TOL) EBITDA Yield Standing at 0.104962
- What's Transpiring With Shares of Toll Brothers, Inc. (NYSE:TOL ...
- Toll Brothers, Inc. (NYSE:TOL), Liberty Broadband Corporation ...
- Is Toll Brothers, Inc. (NYSE:TOL) Undervalued?
- Is Toll Brothers, Inc. (TOL) A 'Must-Own' Growth Stock?
Production
- As Pioneer Nat Res Co (PXD) Valuation Declined, Eaton Vance ...
- As Toll Brothers (TOL) Stock Value Rose, Holder Mark Asset ...
- Fed speakers could steal focus from trade war in week ahead
- Ecopetrol SA (EC) Position Has Increased by State Of Wisconsin ...
- Shelton Capital Management Boosted Its Stake in Toll Brothers (TOL ...
Acquisitions
- Toll Brothers Announces Expansion into Atlanta, Georgia Market ...
- What does Toll Brothers, Inc.'s (NYSE:TOL) Balance Sheet Tell Us ...
- Should Traders Take A Bite Out Of Toll Brothers, Inc. (TOL)?
- Hl Financial Services Has Decreased Its Stake in Toll Brothers (TOL ...
- Wall Street Sunday Breakfast: Stocks To Watch
Results
Important Reports
Toll Brothers Inc Presentation
Select Equity Data Snapshot
Homebuilding Sector Link to Midlincoln Rural Investment Banking Ideas
From Souvenirs into Consumer Discretionary Sector
Mount Maple Souvenirs Cons. Cyclicals
Rural Investment Banking Craft News
Toll Brothers Inc
Consumer Durables & Apparel
UNITED STATES
DCF Model Assumptions
Risk Free Rate
2.00%
Country Equity Risk Premium
6.00%
Cost of Debt
6.25%
Cost of Debt
6.25%
Long Term Growth
2.00%
Beta Assumption
0.49
Current Market Cap mln$
5,481.51
Net Debt mln$
2,826.42
WACC Estimate
5.39%
Ordinary Current Price $
37.56
DCF Model
DCF | 2015 | 2016 | 2017 | 2018 | 2019F | 2020F | 2021F | 2022F | 2023F | 2024F | 2025F | 2026F | 2027F | 2028F | 2029F |
Revenue | 4171.25 | 5169.51 | 5815.06 | 7143.26 | 8348.64 | 9342.88 | 10336.87 | 11296.65 | 12276.98 | 13447.47 | 14729.56 | 16133.88 | 17672.09 | 19356.95 | 21202.45 |
EBITDA Costs | 3700.82 | 4654.06 | 5142.51 | 6331.78 | 7394.12 | 8267.55 | 9140.77 | 9983.93 | 10845.14 | 11872.25 | 12996.64 | 14227.51 | 15574.95 | 17050.01 | 18664.77 |
EBITDA | 470.43 | 515.45 | 672.54 | 811.48 | 954.52 | 1075.33 | 1196.10 | 1312.72 | 1431.84 | 1575.22 | 1732.92 | 1906.37 | 2097.14 | 2306.94 | 2537.69 |
EBITDA Margin | 11.28 | 9.97 | 11.57 | 11.36 | 11.43 | 11.51 | 11.57 | 11.62 | 11.66 | 11.71 | 11.76 | 11.82 | 11.87 | 11.92 | 11.97 |
Operating Costs | 3724.38 | 4677.18 | 5167.88 | 6357.04 | 7420.40 | 8294.54 | 9168.45 | 10012.29 | 10874.19 | 11901.74 | 13026.38 | 14257.29 | 15604.52 | 17079.05 | 18692.92 |
Operating Profit | 446.87 | 492.33 | 647.18 | 786.22 | 928.24 | 1048.35 | 1168.42 | 1284.37 | 1402.79 | 1545.74 | 1703.18 | 1876.59 | 2067.57 | 2277.90 | 2509.53 |
Operating Margin | 10.71 | 9.52 | 11.13 | 11.01 | 11.12 | 11.22 | 11.30 | 11.37 | 11.43 | 11.49 | 11.56 | 11.63 | 11.70 | 11.77 | 11.84 |
Pretax Costs | 3635.69 | 4580.48 | 5000.75 | 6209.34 | 7230.86 | 8081.87 | 8932.68 | 9754.20 | 10593.32 | 11593.56 | 12688.25 | 13886.31 | 15197.49 | 16632.47 | 18202.95 |
PTP | 535.56 | 589.03 | 814.31 | 933.92 | 1117.78 | 1261.01 | 1404.19 | 1542.45 | 1683.67 | 1853.91 | 2041.31 | 2247.57 | 2474.60 | 2724.48 | 2999.50 |
Pretax Margin | 12.84 | 11.39 | 14.00 | 13.07 | 13.39 | 13.50 | 13.58 | 13.65 | 13.71 | 13.79 | 13.86 | 13.93 | 14.00 | 14.07 | 14.15 |
Net Income Costs | 3784.87 | 4778.44 | 5269.95 | 6367.33 | 7438.09 | 8294.00 | 9149.69 | 9975.94 | 10819.87 | 11822.77 | 12918.62 | 14116.05 | 15424.47 | 16854.17 | 18416.39 |
Net Income | 386.38 | 391.07 | 545.11 | 775.92 | 910.55 td> | 1048.88 | 1187.18 | 1320.72 | 1457.11 | 1624.71 | 1810.94 | 2017.83 | 2247.62 | 2502.78 | 2786.07 |
Net Margin | 9.26 | 7.56 | 9.37 | 10.86 | 10.91 | 11.23 | 11.48 | 11.69 | 11.87 | 12.08 | 12.29 | 12.51 | 12.72 | 12.93 | 13.14 |
Revenue Less Capex | 4180.70 | 5197.93 | 5843.93 | 7171.49 | 8388.15 | 9388.04 | 10387.68 | 11352.92 | 12338.82 | 13516.12 | 14805.75 | 16218.43 | 17765.90 | 19461.01 | 21317.87 |
Capex | -9.45 | -28.43 | -28.87 | -28.23 | -39.51 | -45.16 | -50.81 | -56.27 | -61.84 | -68.64 | -76.19 | -84.55 | -93.80 | -104.06 | -115.42 |
Capex to Revenues | -0.23 | -0.55 | -0.50 | -0.40 | -0.47 | -0.48 | -0.49 | -0.50 | -0.50 | -0.51 | -0.52 | -0.52 | -0.53 | -0.54 | -0.54 |
Revenue less FCF | 4120.51 | 5047.05 | 4878.88 | 6569.09 | 7328.68 | 8108.19 | 8887.51 | 9640.01 | 10408.62 | 11312.48 | 12294.84 | 13362.50 | 14522.88 | 15784.02 | 17154.68 |
FCF | 50.74 | 122.46 | 936.18 | 574.17 | 1019.96 | 1234.69 | 1449.36 | 1656.64 | 1868.37 | 2134.99 | 2434.72 | 2771.38 | 3149.21 | 3572.94 | 4047.78 |
FCF to Revenue | 1.22 | 2.37 | 16.10 | 8.04 | 12.22 | 13.22 | 14.02 | 14.66 | 15.22 | 15.88 | 16.53 | 17.18 | 17.82 | 18.46 | 19.09 |
UNITED STATES Comparables
ticker | company | country | Market Cap 2019 | PE RATIO 2019 | PE RATIO 2020 | EV/EBITDA 2019 | EV/EBITDA 2020 | P/S 2019 | DIVIDEND YIELD 2019 | EBITDA Margin 2019 | P/B 2019 | ROE 2019 | 6 month return 2019 |
NKE US | NIKE Inc | UNITED STATES | 137622.39 | 34.10 | 28.96 | 23.97 | 20.89 | 3.52 | 0.97 | 14.61 | 16.77 | 40.67 | 22.16 |
VFC US | VF Corp | UNITED STATES | 37190.87 | 25.00 | 22.13 | 17.92 | 16.29 | 2.69 | 1.92 | 15.92 | 8.48 | 38.20 | 20.05 |
DHI US | DR Horton Inc | UNITED STATES | 16598.66 | 11.36 | 10.22 | 9.19 | 8.38 | 0.97 | 1.35 | 12.58 | 1.68 | 15.75 | 24.31 |
HAS US | Hasbro Inc | UNITED STATES | 12786.14 | 22.77 | 20.17 | 14.06 | 12.73 | 2.58 | 2.68 | 19.10 | 6.92 | 31.06 | 10.98 |
RL US | Ralph Lauren Corp | UNITED STATES | 10199.63 | 18.45 | 17.07 | 9.26 | 8.64 | 1.62 | 1.85 | 15.57 | 3.23 | 15.25 | 3.09 |
PVH US | PVH Corp | UNITED STATES | 9771.29 | 10.99 | 12.46 | 8.63 | 8.70 | 1.32 | 0.14 | 12.70 | 1.41 | 13.14 | 9.76 |
UA US | Under Armour Inc | UNITED STATES | 9508.38 | 57.43 | 36.55 | 23.52 | 18.08 | 1.77 | - | 7.67 | 4.03 | 7.29 | 21.45 |
MHK US | Mohawk Industries Inc | UNITED STATES | 9466.26 | 11.67 | 10.50 | 7.85 | 7.32 | 0.92 | - | 15.94 | 1.19 | 10.20 | 13.63 |
PHM US | PulteGroup Inc | UNITED STATES | 8776.93 | 9.39 | 8.99 | 7.53 | 7.31 | 0.89 | 1.38 | 14.70 | 1.63 | 18.11 | 33.45 |
WHR US | Whirlpool Corp | UNITED STATES | 8553.33 | 9.20 | 8.16 | 8.02 | 7.63 | 0.42 | 3.51 | 9.79 | 3.22 | 29.39 | 31.56 |
HBI US | Hanesbrands Inc | UNITED STATES | 6773.96 | 10.66 | 10.46 | 9.46 | 9.40 | 0.98 | 3.36 | 15.79 | 4.94 | 51.85 | 16.08 |
NWL US | Newell Brands Inc | UNITED STATES | 5766.62 | 9.01 | 9.26 | 11.94 | 9.99 | 0.69 | 6.74 | 12.36 | 1.22 | 11.47 | -10.73 |
TOL US | Toll Brothers Inc | UNITED STATES | 5481.51 | 8.47 | 8.35 | 7.22 | 7.32 | 0.78 | 1.17 | 16.29 | 1.03 | 12.82 | 20.68 |
LEG US | Leggett & Platt Inc | UNITED STATES | 5470.63 | 16.48 | 14.84 | 8.35 | 7.76 | 1.09 | 3.69 | 15.26 | 3.23 | - | 22.29 |
MAT US | Mattel Inc | UNITED STATES | 4241.82 | - | 96.69 | 18.97 | 13.31 | 0.95 | 0.00 | 8.29 | 8.15 | -18.35 | -8.70 |
FOSL US | Fossil Group Inc | UNITED STATES | 665.93 | 25.73 | 37.69 | 3.86 | 4.08 | 0.29 | - | 7.58 | 1.04 | -1.84 | -36.77 |
COH US | Coach Inc | UNITED STATES | - | - | - | - | - | - | 20.25 | - | 21.41 | #N/A N/A |
International Comparables
ticker | company | country | Market Cap 2019 | PE RATIO 2019 | PE RATIO 2020 | EV/EBITDA 2019 | EV/EBITDA 2020 | P/S 2019 | DIVIDEND YIELD 2019 | EBITDA Margin 2019 | P/B 2019 | ROE 2019 | 6 month return 2019 |
MC FP | LVMH Moet Hennessy Louis Vuitton SE | FRANCE | 194120.97 | 23.82 | 21.88 | 13.51 | 12.53 | 3.37 | 1.96 | 26.07 | 4.78 | 20.90 | 30.97 |
CDI FP | Christian Dior SE | FRANCE | 87971.95 | 26.12 | 23.86 | 7.95 | 7.37 | 1.58 | 1.68 | 26.38 | 4.92 | 19.90 | 31.11 |
KER FP | Kering | FRANCE | 74223.14 | 19.95 | 17.68 | 13.18 | 12.02 | 4.23 | 2.26 | 33.23 | 5.71 | 30.05 | 37.90 |
RMS FP | Hermes International | FRANCE | 72580.27 | 43.09 | 39.23 | 24.76 | 22.75 | 9.83 | 0.92 | 37.61 | 9.81 | 24.48 | 21.01 |
6758 JP | Sony Corp | JAPAN | 59252.84 | 6.42 | 11.63 | - | 4.91 | 0.76 | 0.75 | - | - | - | -10.17 |
ADS GR | adidas AG | GERMANY | 50878.71 | 23.78 | 21.10 | 13.75 | 12.46 | 1.95 | 1.64 | 13.75 | 6.18 | 27.98 | 9.50 |
LULU US | Lululemon Athletica Inc | CANADA | 23095.61 | 38.03 | 38.76 | 22.03 | 23.11 | 4.06 | 0.00 | 25.19 | 13.23 | 31.80 | 31.50 |
6752 JP | Panasonic Corp | JAPAN | 22398.21 | 9.80 | 10.48 | 4.39 | 4.57 | 0.31 | 3.13 | 8.25 | 1.28 | 13.72 | -15.11 |
2313 HK | Shenzhou International Group Holdings Ltd | CHINA | 19833.20 | 24.69 | 20.85 | 18.74 | 15.95 | 5.57 | 2.12 | 28.53 | 5.22 | 22.51 | 24.77 |
2020 HK | ANTA Sports Products Ltd | CHINA | 19511.10 | 25.59 | 21.14 | 17.04 | 14.12 | 4.47 | 1.46 | 24.60 | 6.78 | 29.23 | 82.94 |
GRMN US | Garmin Ltd | SWITZERLAND | 16271.80 | 22.85 | 21.75 | 14.76 | 14.05 | 4.61 | 2.62 | 26.04 | 3.65 | 16.61 | 41.24 |
TTAN IN | Titan Co Ltd | INDIA | 14420.65 | 67.87 | 53.53 | 47.99 | 37.84 | 5.11 | 0.43 | 10.88 | 16.38 | 26.24 | 47.24 |
1928 JP | Sekisui House Ltd | JAPAN | 11067.73 | 8.72 | 8.96 | 6.76 | 6.92 | 0.64 | 4.86 | 9.78 | 0.95 | 10.81 | 14.50 |
BRBY LN | Burberry Group PLC | BRITAIN | 10653.07 | 24.70 | 24.11 | 13.46 | 12.88 | 3.04 | 2.15 | 20.81 | 5.79 | 22.88 | 18.03 |
066570 KS | LG Electronics Inc | SOUTH KOREA | 10542.01 | 9.28 | 7.73 | 4.23 | 3.88 | 0.19 | 0.95 | 7.72 | 0.85 | 9.36 | 21.80 |
ELUXB SS | Electrolux AB | SWEDEN | 7879.65 | 14.22 | 12.10 | 7.14 | 6.35 | 0.58 | 3.68 | 8.36 | 2.97 | 19.89 | 37.47 |
GIL CN | Gildan Activewear Inc | CANADA | 7792.12 | 18.86 | 16.58 | 13.61 | 12.57 | 2.56 | 1.38 | 20.30 | 3.97 | 20.59 | 28.11 |
1169 HK | Haier Electronics Group Co Ltd | HONG KONG | 7647.35 | 12.12 | 10.76 | 6.52 | 5.81 | 0.57 | 2.07 | 5.89 | 1.82 | 17.80 | 28.06 |
7731 JP | Nikon Corp | JAPAN | 5556.31 | 10.54 | 13.69 | 3.08 | 3.70 | 0.86 | 3.88 | 15.05 | 1.01 | 9.85 | -16.24 |
021240 KS | Coway Co Ltd | SOUTH KOREA | 5497.71 | 15.91 | 14.55 | 8.37 | 7.81 | 2.17 | 4.25 | 28.20 | 5.03 | 33.85 | 3.00 |
1476 TT | Eclat Textile Co Ltd | TAIWAN | 3912.56 | 25.14 | 22.03 | 17.41 | 15.53 | 4.00 | 2.69 | 22.79 | 6.54 | 27.05 | 29.22 |
PIKK RM | PIK Group PJSC | RUSSIA | 3745.80 | 7.00 | 5.89 | 5.65 | 4.65 | 1.17 | 6.40 | 21.09 | 2.81 | 31.85 | 7.67 |
9904 TT | Pou Chen Corp | TAIWAN | 3570.09 | 9.45 | 8.82 | 8.59 | 7.79 | 0.35 | 3.89 | 8.63 | 1.22 | 8.86 | 27.11 |
3998 HK | Bosideng International Holdings Ltd | HONG KONG | 3011.18 | 24.02 | 18.98 | 13.37 | 10.53 | 1.98 | 2.95 | 13.86 | 1.98 | 7.58 | 109.46 |
9921 TT | Giant Manufacturing Co Ltd | TAIWAN | 2631.82 | 26.07 | 21.27 | 15.20 | 12.96 | 1.25 | 2.38 | 9.11 | 3.61 | 15.13 | 74.64 |
1434 TT | Formosa Taffeta Co Ltd | TAIWAN | 2007.43 | 14.15 | 14.74 | 13.36 | 12.80 | 1.33 | 5.48 | 11.71 | 0.73 | 5.40 | 12.40 |
ARCLK TI | Arcelik AS | TURKEY | 1942.34 | 10.05 | 7.55 | 5.22 | 4.35 | 0.35 | 3.40 | 10.44 | 1.25 | 12.56 | 11.02 |
CYRE3 BZ | Cyrela Brazil Realty SA Empreendimentos e Participacoes | BRAZIL | 1696.29 | 22.09 | 10.72 | 14.77 | 9.11 | 1.91 | 7.34 | 15.29 | 1.29 | 5.99 | 18.75 |
9914 TT | Merida Industry Co Ltd | TAIWAN | 1648.40 | 21.98 | 19.03 | 21.97 | 19.43 | 1.75 | 2.74 | 7.78 | 3.61 | 16.25 | 49.86 |
MRVE3 BZ | MRV Engenharia e Participacoes SA | BRAZIL | 1624.89 | 8.13 | 7.15 | 6.73 | 6.08 | 1.09 | 6.99 | 17.81 | 1.24 | 15.74 | 24.06 |
EV, Debt, Cash
Fields | 2018 |
EV | 8307.93 |
Cash | 1182.20 |
Debt | 3698.18 |
Debt/Equity | 89.64 |
Pref Equity | 0.00 |
Shares Out | 146.16 |
minorities | 8.71 |
Last Price
Fields | 2018 |
Last Price | 37.56 |
Next DVD Ex Date | 11.07.2019 |
DVD Announcement Date | 26.02.2019 |
Last Ex Date | 11.04.2019 |
CashflowSummary
Fields | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Revenue | 4171.248 | 5169.508 | 5815.058 | 7143.258 | 7067.867 | 7148.2 |
Operating Profit | 446.87 | 492.325 | 647.183 | 786.216 | 776.833 | 725.333 |
PTP | 535.562 | 589.027 | 814.311 | 933.916 | 891.071 | 872.357 |
Net Income | 386.37785 | 391.06955 | 545.1111 | 775.92424 | 654.688 | 635 |
EPS | 2.091887 | 2.222327 | 3.216241 | 5.031901 | 4.425 | 4.469 |
DPS | 0 | 0 | 0.24 | 0.41 | 0.44 | 0.455 |
EBITDA | 470.427 | 515.446 | 672.544 | 811.475 | 1151.167 | 1135.667 |
BPS | 24.15001115 | 26.14175779 | 28.82347254 | 32.56774286 | 36.677 | 40.631 |
Capex | -9.447 | -28.426 | -28.872 | -28.232 | -25.86 | -25.98 |
FCF | 50.735 | 122.459 | 936.175 | 574.169 | 376.442 | 437.115 |
EV TO T12M EBIT | 20.49 | 15.41 | 15.07 | 9.47 | 9.47 | 9.47 |
EV/EBITDA | 19.46 | 14.72 | 14.50 | 9.17 | 7.22 | 7.32 |
CUR RATIO | 3.59 | 3.06 | 3.49 | 3.57 | 3.57 | 3.57 |
Ratios
Fields | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Market Cap | 5481.51 | 5481.51 | 5481.51 | 5481.51 | 5481.51 | 5481.51 |
PE RATIO | 16.94 | 12.30 | 14.27 | 7.02 | 8.47 | 8.35 |
EV/EBITDA | 19.46 | 14.72 | 14.50 | 9.17 | 7.22 | 7.32 |
P/S | 1.52 | 0.89 | 0.72 | 1.28 | 0.78 | 0.77 |
DIVIDEND YIELD | 0.00 | 0.00 | 0.52 | 1.22 | 1.17 | 1.21 |
EBITDA Margin | 11.28 | 9.97 | 11.57 | 11.36 | 16.29 | 0.10 |
P/B | 1.49 | 1.05 | 1.60 | 1.03 | 1.03 | 0.93 |
ROE | 8.99 | 9.04 | 12.23 | 16.10 | 12.82 | 11.36 |
6 month return | 20.68 | 20.68 | 20.68 | 20.68 | 20.68 | 20.68 |
Key Info
Toll Brothers Inc Web - www.tollbrothers.com
Tel - 1-215-938-8000
Next Reporting Date - 21.05.2019