Added to YB: 2024-05-22
Pitch date: 2024-05-21
TTC [bearish]
The Toro Company
+11.51%
current return
Author Info
Jehoshaphat Research are fraud-busters who force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices. Sign up for the newsletter.
Company Info
The Toro Company provides professional turf maintenance equipment and services. It operates in two segments, Professional and Residential.
Market Cap
$6.7B
Pitch Price
$83.61
Price Target
54.00 (-27%)
Dividend
2.21%
EV/EBITDA
10.76
P/E
20.88
EV/Sales
1.70
Sector
Machinery
Category
value
Jehoshaphat Research is Short The Toro Company: The Past Catches Up With Toro
TTC: Toro's cash flow cliff looms as Red Iron JV finances fewer dealer sales; $400M+ borrowed from future. Accounting issues overstate adj op margin by 35-40%. Home Depot phase-out risk not priced in. High debt/EBITDA, exec exits concerning. 40-60% downside as ROIC declines & FCF stagnates at 60x.
Read full article (8 min)