Tootsie Roll Industries Inc.
Find Ratings ReportsTOOTSIE ROLL INDUSTRIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. TOOTSIE ROLL INDUSTRIES INC is extremely liquid. Currently, the Quick Ratio is 2.49 which clearly shows the ability to cover any short-term cash needs. TR managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 5.13% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 197.28 | 189.72 |
EBITDA ($mil) | 32.84 | 31.78 |
EBIT ($mil) | 28.38 | 27.36 |
Net Income ($mil) | 29.4 | 25.34 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 171.8 | 149.76 |
Total Assets ($mil) | 1084.39 | 1018.78 |
Total Debt ($mil) | 15.9 | 13.29 |
Equity ($mil) | 823.42 | 783.17 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 37.1 | 36.92 |
EBITDA Margin | 16.64 | 16.74 |
Operating Margin | 14.39 | 14.42 |
Sales Turnover | 0.71 | 0.67 |
Return on Assets | 8.47 | 7.45 |
Return on Equity | 11.16 | 9.7 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.59 | 3.43 |
Debt/Capital | 0.02 | 0.02 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 71.42 | 72.38 |
Div / share | 0.17 | 0.17 |
EPS | 0.41 | 0.35 |
Book value / share | 11.53 | 10.82 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 76427.0 | 81934.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 18.98 for the Food Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 2.75 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 3.20. The price-to-sales ratio is above the S&P 500 average and well above the subsector average, indicating a premium. The valuation analysis reveals that, TOOTSIE ROLL INDUSTRIES INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TR 24.92 | Peers 18.98 | TR 23.92 | Peers 15.41 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. TR is trading at a significant premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TR is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TR NA | Peers 17.75 | TR NA | Peers 2.43 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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TR 2.75 | Peers 3.20 | TR 22.67 | Peers 16.04 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TR is trading at a discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. TR is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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TR 2.94 | Peers 1.93 | TR 11.99 | Peers 6.04 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TR is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. TR has a sales growth rate that significantly exceeds its peers. |
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