Financials Toromont Industries Ltd.

Equities

TIH

CA8911021050

Heavy Machinery & Vehicles

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-17 pm EST			5-day change	1st Jan Change
115.27 ^CAD	+0.51%		+1.12%	+1.43%

Dec. 16	Toromont Industries Upgraded to Outperform at National Bank	MT
Dec. 16	Toromont Industries Brief: Bottom line For National Bank, "Shares came down faster than we thought post our Oct. downgrade; Time to step in again"	MT

Projected Income Statement: Toromont Industries Ltd.

income-statement-evolution-chart TOROMONT-INDUSTRIES-LTD

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,679	3,479	3,887	4,231	4,622	5,007	5,115	5,333
Change	-	-5.43%	11.72%	8.86%	9.26%	8.33%	2.14%	4.27%
EBITDA ¹	570.5	538.7	634.3	787	886.7	850.7	886.6	933.1
Change	-	-5.56%	17.74%	24.07%	12.67%	-4.06%	4.23%	5.24%
EBIT ¹	407.5	372.4	475.9	624.2	704.2	650.6	687	741.8
Change	-	-8.6%	27.79%	31.15%	12.83%	-7.62%	5.6%	7.97%
Interest Paid ¹	-27.71	-20.9	-19.13	-5.106	17.88	-28	-26	-
Earnings before Tax (EBT) ¹	394.5	351.5	456.8	619.1	722.1	676.6	724.3	763.6
Change	-	-10.9%	29.94%	35.52%	16.65%	-6.31%	7.06%	5.42%
Net income ¹	286.8	254.9	332.7	454.2	534.7	494.7	530	561
Change	-	-11.12%	30.52%	36.51%	17.73%	-7.49%	7.14%	5.85%
Announcement Date	2/11/20	2/10/21	2/9/22	2/14/23	2/13/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,025	715.5	849.6	921.7	992.2	806.2	1,127	997.2	956	860.1	1,081	1,140	1,150	1,061	1,175	1,174	1,227	1,016	1,360	1,338	1,276	1,082	1,329	1,310	1,364
Change	-	-30.21%	18.75%	8.48%	7.65%	-18.74%	39.79%	-11.52%	-4.13%	-10.03%	25.66%	5.43%	0.92%	-7.72%	10.71%	-0.08%	4.51%	-17.16%	33.8%	-1.61%	-4.61%	-15.23%	22.82%	-1.38%	4.08%
EBITDA ¹	164.8	97.11	118.4	154.4	168.9	109.3	162.1	174.5	188.3	125.4	196.1	211	254.5	169.7	222.7	239	255	154.4	227.1	227.2	242.4	172.1	235.8	239.3	277.9
Change	-	-41.08%	21.88%	30.46%	9.37%	-35.28%	48.35%	7.66%	7.91%	-33.44%	56.46%	7.58%	20.61%	-33.31%	31.24%	7.3%	6.68%	-39.44%	47.1%	0.04%	6.68%	-29%	37.01%	1.48%	16.13%
EBIT ¹	123.2	55.24	77.13	112.9	127.2	70.22	122.5	134.4	148.8	86.12	156.5	169.1	212.5	127.5	178.8	193.1	204.6	106.6	177.5	174.9	189.5	122.1	185.8	189.3	227.9
Change	-	-55.16%	39.63%	46.34%	12.67%	-44.79%	74.47%	9.74%	10.66%	-42.11%	81.7%	8.05%	25.67%	-39.99%	40.2%	8.01%	5.94%	-47.89%	66.55%	-1.48%	8.36%	-35.57%	52.17%	1.88%	20.39%
Charge d'intérêts	-6.856	-4.205	-6.326	-6.155	-	-5.173	-4.742	-5.157	-4.062	-4.069	-2.969	-	1.983	3.587	3.736	4.694	6.01	-6.994	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	51.04	70.81	106.7	-	65.04	117.8	-	144.7	-	153.5	-	214.5	131.1	182.5	-	-	115.3	-	179.4	-	-	-	-	-
Change	-	-	38.74%	50.72%	-100%	-	81.06%	-100%	-	-100%	-	-100%	-	-38.88%	39.21%	-100%	-	-	-100%	-	-100%	-	-	-	-
Net income ¹	-	37.4	51.21	77.36	-	47.96	85.4	-	105.6	59.53	111.7	-	159.9	96	139	145.6	154.1	83.92	135.4	131	139	-	-	-	-
Change	-	-	36.94%	51.06%	-100%	-	78.08%	-100%	-	-43.62%	87.6%	-100%	-	-39.95%	44.82%	4.73%	5.79%	-45.53%	61.29%	-3.25%	6.15%	-100%	-	-	-
Announcement Date	2/11/20	4/30/20	7/28/20	11/5/20	2/10/21	5/4/21	7/28/21	11/4/21	2/9/22	4/27/22	7/26/22	11/1/22	2/14/23	4/27/23	7/26/23	10/30/23	2/13/24	5/1/24	7/30/24	11/4/24	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Toromont Industries Ltd.

balance-sheet-analysis-chart TOROMONT-INDUSTRIES-LTD

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	302	71.7	-270	-281	-393	-269	-652	-83.7
Change	-	-76.26%	-476.57%	-204.07%	-239.86%	-168.45%	-342.38%	-112.84%
Announcement Date	2/11/20	2/10/21	2/9/22	2/14/23	2/13/24	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Toromont Industries Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	57.2	43.29	136.1	215.4	275.4	296	251.5	240
Change	-	-24.32%	214.34%	58.28%	27.85%	7.49%	-15.03%	-4.57%
Free Cash Flow (FCF) ¹	88.83	305.7	471.5	147.6	242.2	192.1	469.6	420.7
Change	-	244.19%	54.22%	-68.69%	64.09%	-20.71%	144.46%	-10.41%
Announcement Date	2/11/20	2/10/21	2/9/22	2/14/23	2/13/24	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Toromont Industries Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	15.51%	15.49%	16.32%	18.6%	19.18%	16.99%	17.33%	17.5%
EBIT Margin (%)	11.08%	10.71%	12.25%	14.75%	15.24%	12.99%	13.43%	13.91%
EBT Margin (%)	10.72%	10.1%	11.75%	14.63%	15.62%	13.51%	14.16%	14.32%
Net margin (%)	7.8%	7.33%	8.56%	10.74%	11.57%	9.88%	10.36%	10.52%
FCF margin (%)	2.41%	8.79%	12.13%	3.49%	5.24%	3.84%	9.18%	7.89%
FCF / Net Income (%)	30.97%	119.94%	141.72%	32.5%	45.3%	38.83%	88.59%	74.99%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	20.04%	15.77%	18.22%	21.23%	22.8%	18.05%	17.7%	17.7%
Financial Health
Leverage (Debt/EBITDA)	0.53x	0.13x	-	-	-	-	-	-
Debt / Free cash flow	3.4x	0.23x	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.55%	1.24%	3.5%	5.09%	5.96%	5.91%	4.92%	4.5%
CAPEX / EBITDA (%)	10.03%	8.04%	21.45%	27.37%	31.06%	34.8%	28.37%	25.72%
CAPEX / FCF (%)	64.4%	14.16%	28.86%	145.9%	113.68%	154.11%	53.56%	57.05%
Items per share
Cash flow per share ¹	-	4.224	6.518	2.615	4.292	-	-	-
Change	-	-	54.28%	-59.88%	64.15%	-	-	-
Dividend per Share ¹	1.08	1.24	1.36	1.56	1.72	1.92	1.92	-
Change	-	14.81%	9.68%	14.71%	10.26%	11.63%	0%	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	3.49	3.09	4	5.47	6.45	5.97	6.415	6.967
Change	-	-11.46%	29.45%	36.75%	17.92%	-7.44%	7.45%	8.6%
Nbr of stocks (in thousands)	81,783	82,395	82,327	82,247	82,292	81,301	81,301	81,301
Announcement Date	2/11/20	2/10/21	2/9/22	2/14/23	2/13/24	-	-	-