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Toll Brothers

DB:TLK
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TLK
DB
$6B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The last earnings update was 75 days ago. More info.


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TLK Share Price and Events
7 Day Returns
0%
DB:TLK
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
35%
DB:TLK
4%
DE Consumer Durables
10.4%
DE Market
TLK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Toll Brothers (TLK) 0% 0% 13.8% 35% 32.2% 29.2%
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • TLK outperformed the Consumer Durables industry which returned 4% over the past year.
  • TLK outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
TLK
Industry
5yr Volatility vs Market
Related Companies

TLK Value

 Is Toll Brothers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Toll Brothers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Toll Brothers.

DB:TLK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TLK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 21%) (65.94%))
1.157
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.157 * 5.96%)
7.12%

Discounted Cash Flow Calculation for DB:TLK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Toll Brothers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TLK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.12%)
2020 651.65 Analyst x2 608.31
2021 651.38 Est @ -0.04% 567.61
2022 651.63 Est @ 0.04% 530.07
2023 652.25 Est @ 0.1% 495.29
2024 653.14 Est @ 0.14% 462.97
2025 654.20 Est @ 0.16% 432.89
2026 655.40 Est @ 0.18% 404.83
2027 656.68 Est @ 0.2% 378.65
2028 658.03 Est @ 0.21% 354.19
2029 659.43 Est @ 0.21% 331.34
Present value of next 10 years cash flows $4,566.00
DB:TLK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $659.43 × (1 + 0.23%) ÷ (7.12% – 0.23%)
$9,583.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $9,583.35 ÷ (1 + 7.12%)10
$4,815.27
DB:TLK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,566.00 + $4,815.27
$9,381.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9,381.27 / 140.43
$66.8
DB:TLK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TLK represents 0.89832x of NYSE:TOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89832x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 66.80 x 0.89832
€60.01
Value per share (EUR) From above. €60.01
Current discount Discount to share price of €36.40
= -1 x (€36.40 - €60.01) / €60.01
39.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Toll Brothers is available for.
Intrinsic value
39%
Share price is €36.4 vs Future cash flow value of €60.01
Current Discount Checks
For Toll Brothers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Toll Brothers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Toll Brothers's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Toll Brothers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Toll Brothers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TLK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in USD $4.77
NYSE:TOL Share Price ** NYSE (2019-11-19) in USD $40.52
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Toll Brothers.

DB:TLK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TOL Share Price ÷ EPS (both in USD)

= 40.52 ÷ 4.77

8.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Toll Brothers is good value based on earnings compared to the DE Consumer Durables industry average.
  • Toll Brothers is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Toll Brothers's expected growth come at a high price?
Raw Data
DB:TLK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
1.4%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:TLK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.5x ÷ 1.4%

6.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Toll Brothers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Toll Brothers's assets?
Raw Data
DB:TLK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in USD $34.72
NYSE:TOL Share Price * NYSE (2019-11-19) in USD $40.52
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:TLK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TOL Share Price ÷ Book Value per Share (both in USD)

= 40.52 ÷ 34.72

1.17x

* Primary Listing of Toll Brothers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Toll Brothers is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Toll Brothers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Toll Brothers has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TLK Future Performance

 How is Toll Brothers expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Toll Brothers expected to grow at an attractive rate?
  • Toll Brothers's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Toll Brothers's earnings growth is positive but not above the Germany market average.
  • Toll Brothers's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TLK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TLK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 1.4%
DB:TLK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 1.6%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TLK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TLK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-10-31 717
2021-10-31 7,297 639 631 3
2020-10-31 7,147 545 579 16
2019-11-19
2019-10-31 7,024 449 578 16
DB:TLK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-07-31 7,300 699 699
2019-04-30 7,448 843 746
2019-01-31 7,331 747 728
2018-10-31 7,143 602 748
2018-07-31 6,716 483 629
2018-04-30 6,305 396 584
2018-01-31 6,070 611 597
2017-10-31 5,815 965 535
2017-07-31 5,643 882 458
2017-04-30 5,410 408 415
2017-01-31 5,162 196 379
2016-10-31 5,170 151 382

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Toll Brothers's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
  • Toll Brothers's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TLK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Toll Brothers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TLK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-10-31 4.37 4.37 4.37 1.00
2021-10-31 4.47 4.88 3.99 4.00
2020-10-31 4.07 4.70 3.39 18.00
2019-11-19
2019-10-31 3.94 4.04 3.84 18.00
DB:TLK Past Financials Data
Date (Data in USD Millions) EPS *
2019-07-31 4.77
2019-04-30 5.03
2019-01-31 4.86
2018-10-31 4.92
2018-07-31 4.06
2018-04-30 3.70
2018-01-31 3.72
2017-10-31 3.30
2017-07-31 2.80
2017-04-30 2.53
2017-01-31 2.29
2016-10-31 2.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Toll Brothers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Toll Brothers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Toll Brothers has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TLK Past Performance

  How has Toll Brothers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Toll Brothers's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Toll Brothers's year on year earnings growth rate has been positive over the past 5 years.
  • Toll Brothers's 1-year earnings growth is less than its 5-year average (11.1% vs 18.7%)
  • Toll Brothers's earnings growth has exceeded the DE Consumer Durables industry average in the past year (11.1% vs -18.6%).
Earnings and Revenue History
Toll Brothers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Toll Brothers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TLK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 7,300.20 698.67 715.51
2019-04-30 7,447.87 745.61 702.88
2019-01-31 7,330.97 728.09 691.16
2018-10-31 7,143.26 748.15 686.19
2018-07-31 6,715.93 629.05 667.31
2018-04-30 6,305.48 584.36 647.89
2018-01-31 6,069.80 597.19 627.99
2017-10-31 5,815.06 535.50 607.82
2017-07-31 5,642.60 458.00 588.76
2017-04-30 5,409.63 414.92 569.09
2017-01-31 5,161.67 379.33 550.68
2016-10-31 5,169.51 382.10 535.38
2016-07-31 4,751.26 414.88 510.05
2016-04-30 4,509.34 376.15 491.25
2016-01-31 4,246.36 355.02 470.59
2015-10-31 4,171.25 363.17 455.11
2015-07-31 4,084.74 347.53 450.42
2015-04-30 4,113.58 378.49 444.13
2015-01-31 4,121.37 375.78 435.66
2014-10-31 3,911.60 340.03 426.42
2014-07-31 3,605.45 303.41 398.24
2014-04-30 3,237.75 252.30 377.23
2014-01-31 2,893.38 211.75 357.56
2013-10-31 2,674.30 170.61 338.53
2013-07-31 2,262.59 487.12 320.94
2013-04-30 2,127.75 502.17 306.96
2013-01-31 1,985.43 494.36 295.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Toll Brothers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Toll Brothers used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Toll Brothers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Toll Brothers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Toll Brothers has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TLK Health

 How is Toll Brothers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Toll Brothers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Toll Brothers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Toll Brothers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Toll Brothers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Toll Brothers Company Filings, last reported 3 months ago.

DB:TLK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 4,984.46 3,752.01 836.26
2019-04-30 4,986.24 3,649.82 924.45
2019-01-31 4,861.19 3,586.53 801.73
2018-10-31 4,768.91 3,698.18 1,182.20
2018-07-31 4,537.38 3,637.45 522.18
2018-04-30 4,486.60 3,613.14 475.11
2018-01-31 4,464.89 3,529.82 508.28
2017-10-31 4,537.09 3,220.02 712.83
2017-07-31 4,538.62 3,826.40 946.20
2017-04-30 4,454.00 3,692.94 691.27
2017-01-31 4,321.02 3,632.46 373.47
2016-10-31 4,235.20 3,775.45 633.72
2016-07-31 4,179.96 3,876.88 351.85
2016-04-30 4,164.95 3,503.35 423.18
2016-01-31 4,155.97 3,370.09 336.24
2015-10-31 4,228.08 3,790.24 928.99
2015-07-31 4,125.99 3,322.94 404.82
2015-04-30 4,053.94 3,400.67 542.17
2015-01-31 3,962.64 3,367.63 510.92
2014-10-31 3,860.70 3,381.14 598.34
2014-07-31 3,806.82 3,378.62 386.66
2014-04-30 3,703.06 3,458.37 364.82
2014-01-31 3,627.37 3,131.93 1,203.51
2013-10-31 3,339.16 2,503.66 825.48
2013-07-31 3,216.33 2,589.14 1,021.87
2013-04-30 3,172.30 2,477.50 936.00
2013-01-31 3,141.11 2,158.68 793.58
  • Toll Brothers's level of debt (75.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88.7% vs 75.3% today).
  • Debt is not well covered by operating cash flow (18.6%, less than 20% of total debt).
  • Toll Brothers earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Toll Brothers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Toll Brothers has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TLK Dividends

 What is Toll Brothers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.09%
Current annual income from Toll Brothers dividends. Estimated to be 1.16% next year.
If you bought €2,000 of Toll Brothers shares you are expected to receive €22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Toll Brothers's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Toll Brothers's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TLK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TLK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-10-31
2021-10-31
2020-10-31 0.47 6.00
2019-11-19
2019-10-31 0.44 6.00
DB:TLK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-09-24 0.440 1.099
2019-06-18 0.440 1.202
2019-03-12 0.440 1.185
2018-12-12 0.440 1.254
2018-09-25 0.440 1.368
2018-06-19 0.440 1.210
2018-03-13 0.440 1.049
2017-12-13 0.320 0.673
2017-09-29 0.320 0.704
2017-06-20 0.320 0.814
2017-02-21 0.320 0.878

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Toll Brothers has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Toll Brothers only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Toll Brothers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Toll Brothers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Toll Brothers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Toll Brothers has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TLK Management

 What is the CEO of Toll Brothers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doug Yearley
COMPENSATION $9,965,247
AGE 59
TENURE AS CEO 9.4 years
CEO Bio

Mr. Douglas C. Yearley, Jr., also known as Doug, serves as President at Toll Brothers, Inc. since November 1, 2019. He joined Toll Brothers Inc. in 1990 as an Assistant to the Chief Executive Officer with responsibility for land acquisitions. Mr. Yearley has been Chief Executive Officer and Director of Toll Brothers Inc. since June 16, 2010 and serves as its Chairman of the Board since November 1, 2018. He has been an Officer since 1994, holding the position of Vice President at Toll Brothers Inc., from January 1994 until January 2002, Senior Vice President from January 2002 until November 2005, and Regional President from November 2005 until November 2009. In November 2009, he was promoted to Executive Vice President of Toll Brothers Inc until June 2010, when he was promoted to Chief Executive Officer. He serves as Director of Marathon Oil Company, Chairman of International Copper Association. Mr. Yearley was elected a Director in June 2010. He served as Director of J.P. Morgan & Co., Chairman, Chief Executive Officer and President of Freeport Minerals Corp., Chairman of National Mining Association and Vice Chairman of American Mining Congress. He is Co-Chair of the Pennsylvania Chapter of American Cancer Society's “Chief Executive Officer's Against Cancer” and is actively involved in the Yearley Family Foundation, which supports many charities assisting underprivileged children through education. He received a Bachelor of Science degree from Cornell University in Applied Economics and Business Management and a Juris Doctor degree from Rutgers Law School.

CEO Compensation
  • Doug's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Doug's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Toll Brothers management team in years:

9.2
Average Tenure
55
Average Age
  • The average tenure for the Toll Brothers management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Doug Yearley

TITLE
Chairman
COMPENSATION
$10M
AGE
59
TENURE
9.4 yrs

Bob Toll

TITLE
Chairman Emeritus & Advisor
COMPENSATION
$5M
AGE
78
TENURE
1 yrs

Marty Connor

TITLE
Senior VP & CFO
COMPENSATION
$4M
AGE
55
TENURE
9.2 yrs

Robert Parahus

TITLE
Executive VP & Co-COO

Jim Boyd

TITLE
Executive VP & Co-COO
AGE
63

Michael Grubb

TITLE
Senior VP & Chief Accounting Officer
AGE
55
TENURE
1.8 yrs

John Critikos

TITLE
Chief Information Officer & Senior VP

Fred Cooper

TITLE
Senior VP of Finance

John McDonald

TITLE
Chief Compliance Officer
AGE
55
TENURE
9.3 yrs

Wendy Marlett

TITLE
Chief Marketing Officer
AGE
55
Board of Directors Tenure

Average tenure and age of the Toll Brothers board of directors in years:

9.4
Average Tenure
77
Average Age
  • The tenure for the Toll Brothers board of directors is about average.
Board of Directors

Bob Toll

TITLE
Chairman Emeritus & Advisor
COMPENSATION
$5M
AGE
78
TENURE
1 yrs

Ed Boehne

TITLE
Lead Independent Director
COMPENSATION
$270K
AGE
78
TENURE
8.7 yrs

Doug Yearley

TITLE
Chairman
COMPENSATION
$10M
AGE
59
TENURE
1 yrs

Carl Marbach

TITLE
Independent Director
COMPENSATION
$270K
AGE
77
TENURE
27.9 yrs

Paul Shapiro

TITLE
Independent Director
COMPENSATION
$260K
AGE
77
TENURE
25.9 yrs

Richard Braemer

TITLE
Independent Director
COMPENSATION
$225K
AGE
77
TENURE
33.2 yrs

Stephen Novick

TITLE
Independent Director
COMPENSATION
$250K
AGE
78
TENURE
16.8 yrs

Christine Garvey

TITLE
Independent Director
COMPENSATION
$240K
AGE
73
TENURE
10.2 yrs

Jac McLean

TITLE
Independent Director
COMPENSATION
$230K
AGE
49
TENURE
3.7 yrs

Wendell Pritchett

TITLE
Independent Director
COMPENSATION
$47K
AGE
54
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Toll Brothers individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Sep 19 Sell John McDonald Individual 17. Sep 19 17. Sep 19 -3,578 €36.88 €-131,960
17. Sep 19 Sell Douglas Yearley Individual 16. Sep 19 16. Sep 19 -25,000 €37.33 €-933,292
17. Sep 19 Sell Richard Hartman Individual 16. Sep 19 16. Sep 19 -40,119 €36.81 €-1,476,595
19. Sep 19 Sell John McDonald Individual 16. Sep 19 16. Sep 19 -1,964 €37.02 €-72,715
04. Jun 19 Sell Carl Marbach Individual 31. May 19 31. May 19 -3,000 €31.52 €-94,567
10. Jan 19 Sell Carl Marbach Individual 09. Jan 19 09. Jan 19 -3,000 €30.34 €-91,024
17. Dec 18 Sell Paul Shapiro Individual 14. Dec 18 14. Dec 18 -5,539 €28.50 €-157,827
X
Management checks
We assess Toll Brothers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Toll Brothers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TLK News

Simply Wall St News

TLK Company Info

Description

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living. In addition, the company develops, owns, and operates golf courses and country clubs; develops and sells land; and develops, operates, and rents apartments, as well as provides homeowners with home automation and technology options. Further, it owns and operates architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. The company serves move-up, empty-nester, active-adult, and second-home buyers. Toll Brothers, Inc. was founded in 1967 and is headquartered in Horsham, Pennsylvania.

Details
Name: Toll Brothers, Inc.
TLK
Exchange: DB
Founded: 1967
$5,135,390,230
140,429,000
Website: http://www.tollbrothers.com
Address: Toll Brothers, Inc.
250 Gibraltar Road,
Horsham,
Pennsylvania, 19044,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TOL Common Stock New York Stock Exchange US USD 08. Jul 1986
DB TLK Common Stock Deutsche Boerse AG DE EUR 08. Jul 1986
LSE 0LFS Common Stock London Stock Exchange GB USD 08. Jul 1986
Number of employees
Current staff
Staff numbers
4,900
Toll Brothers employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 20:32
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/09/05
Last earnings reported: 2019/07/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.