TIH : Toromont Industries Ltd. Stock Profile

Last Updated:
Toromont Industries Ltd. trades with the ticker TIH on the TSX and is in the Industrial Distribution industry.
Overview
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.
 

TIH.TO Stock Price and Key Stats

TIH Stock Key Stats

Exchange: TSX

Market Cap : $10690.211MM

PE Ratio: 20.845

Price: (Updated: )

Toromont Industries Ltd. (TIH) vs Competitors in Industrial Distribution

Lets see how TIH.TO stacks up against others in the Industrial Distribution asset management industry. We have identified its main peers as:

Finning International Inc, Rocky Mountain Dealerships Inc, Russel Metals Inc, Strongco Corporation, Toromont Industries Ltd

.

Industrial Distribution Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Finning International Inc (FTT) $5,717.983 11.681 6.547 2.8%
Rocky Mountain Dealerships Inc (RME) $142.5 21.083 4.709 2.3%
Russel Metals Inc (RUS) $2,353.137 11.694 5.873 4.3%
Strongco Corporation (SQP) $41.987 8.75 7.252 0.0%
Toromont Industries Ltd (TIH) $10,690.211 20.845 11.145 1.5%
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses Industry: companies that have a lot in common Market Cap: Market Capitalization – the total value of all a corporation’s stock N/A: Not Applicable or Not Available P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share Price: Stock Price – current value to buyers and sellers Dividend Yield: Dividend or Distribution Yield  

Comparisons within Industrial Distribution

  • Toromont Industries Ltd. (TIH) vs Finning International Inc (FTT)
    • TIH has higher EPS (6.26 vs 3.51). FTT has higher dividend yield (2.8% vs 1.5%). TIH has a higher P/E ratio (20.845 vs 11.681) indicating it’s more expensive.
  • Toromont Industries Ltd. (TIH) vs Rocky Mountain Dealerships Inc (RME)
    • TIH has higher EPS (6.26 vs 0.351). RME has higher dividend yield (2.3% vs 1.5%). RME has a higher P/E ratio (21.083 vs 20.845) indicating it’s more expensive.
  • Toromont Industries Ltd. (TIH) vs Russel Metals Inc (RUS)
    • TIH has higher EPS (6.26 vs 3.43). RUS has higher dividend yield (4.3% vs 1.5%). TIH has a higher P/E ratio (20.845 vs 11.694) indicating it’s more expensive.
  • Toromont Industries Ltd. (TIH) vs Strongco Corporation (SQP)
    • TIH has higher EPS (6.26 vs 0.353). TIH has higher dividend yield (1.5% vs 0.0%). TIH has a higher P/E ratio (20.845 vs 8.75) indicating it’s more expensive.
  • Toromont Industries Ltd. (TIH) vs Toromont Industries Ltd (TIH)
    • TIH has higher EPS (6.26 vs 6.26). TIH has higher dividend yield (1.5% vs 1.5%). TIH has a higher P/E ratio (20.845 vs 20.845) indicating it’s more expensive.
 
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability.
 

How to Buy TIH stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:
 
ImageProduct TitleFeaturesPrice
Editor's Choice
Wealthsimple Trade

Wealthsimple Trade

  • ETF buys and sells have $0 trading fees
  • Desktop and mobile trading
  • Reputable Brand
  • Beautiful Design
Get $25 Signup Bonus
Reliable Pick
Questrade

Questrade

  • ETF buys have $0 trading fees
  • Desktop and mobile trading
  • Most types of accounts available
Get $50 Free Stock Trades
 

Leave a Reply

Your email address will not be published. Required fields are marked *

Wealth Awesome

Get a clear path to your financial goals

Copyright: © 2024 Wealth Awesome

Index