TR Stock Fair Value – Tootsie Roll Industries to Declare Ex-Dividend Tomorrow
June 16, 2023
🌥️Trending News
Tomorrow, Tootsie Roll Industries ($NYSE:TR) will be distributing dividends to its shareholders. This declaration of ex-dividend indicates that shareholders who purchase Tootsie Roll Industries stock on or before the dividend declaration date will be entitled to receive the declared dividends. It is the the largest manufacturer of wrapping candies in the United States, and is recognized for its iconic brand, Tootsie Rolls. Tootsie Roll Industries has a long history of rewarding its shareholders with consistent and reliable dividend payments.
This latest ex-dividend declaration continues this trend, allowing shareholders to receive a share of the company’s profits. With Tootsie Roll Industries’ large and diverse product portfolio and its strong financials, investors can expect to continue to receive generous dividends from the company in the future.
Dividends
Over the last three years, the company has issued an annual dividend per share of 0.35 USD, 0.26 USD and 0.34 USD respectively. The dividend yields from 2021 to 2023 are estimated to be 0.93%, 0.74% and 1.12% respectively, with an average dividend yield of 0.93%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TR. More…
| Total Revenues | Net Income | Net Margin |
| 707.04 | 77.31 | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TR. More…
| Operations | Investing | Financing |
| 72.05 | -68.59 | -56.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.02k | 235.9 | 11.47 |
Key Ratios Snapshot
Some of the financial key ratios for TR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 9.6% | 14.3% |
| FCF Margin | ROE | ROA |
| 6.9% | 7.9% | 6.0% |
Market Price
This announcement comes after the company’s stock opened on Thursday at $38.2 and closed at $38.0, a small decrease of 0.4% from its prior closing price of $38.1. Investors who own the stock prior to the ex-dividend date will be eligible to receive the upcoming dividend. This news has been met with anticipation by many investors as they look forward to increased returns. Live Quote…
Analysis – TR Stock Fair Value
At GoodWhale, we have conducted a comprehensive analysis of TOOTSIE ROLL INDUSTRIES’s wellbeing. We have used our proprietary Valuation Line to determine the fair value of the TOOTSIE ROLL INDUSTRIES share, coming to an estimated figure of around $41.4. However, the TOOTSIE ROLL INDUSTRIES stock is currently trading at a price of $38.0, meaning that it is undervalued by 8.2%. This presents investors with a great opportunity to buy into the company at a fair price. More…
Peers
In the United States, the competition among Tootsie Roll Industries Inc, J&J Snack Foods Corp, B&G Foods Inc, and Treehouse Foods Inc is fierce. All four companies are fighting for market share in the $23 billion non-chocolate candy industry. While Tootsie Roll Industries Inc has the largest market share, its competitors are not far behind. J&J Snack Foods Corp is the second largest player with a market share of 17.4%, followed by B&G Foods Inc with 8.6% and Treehouse Foods Inc with 4.4%.
– J&J Snack Foods Corp ($NASDAQ:JJSF)
J&J Snack Foods Corp is a leading manufacturer and marketer of snack foods and beverages. The company’s products include soft pretzels, frozen desserts, sandwiches, and more. J&J Snack Foods Corp has a market cap of 3.01B as of 2022 and a Return on Equity of 4.56%. The company’s products are sold in supermarkets, convenience stores, and other retail outlets throughout the United States.
– B&G Foods Inc ($NYSE:BGS)
B&G Foods Inc, a holding company, engages in the manufacture, sale, and distribution of branded and non-branded food products in the United States, Canada, and Puerto Rico. The company operates in two segments, Branded Products and Specialty Products. It offers shelf-stable and frozen foods under the Ac’cent, Bicentenario, B&G, B&M, Back to Nature, Beechnut, Better Valu, Brer Rabbit, Canoleo, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Earth’s Best, Emerald Valley Kitchen, Emeril’s, Grandmas, Green Giant, GG Bran Crispbread, Home Style Bistro, Joan of Arc, Las Palmas, Le Sueur, Mama Celeste, Mama Rosie’s, Maple Grove Farms, MaraNatha, McCall’s, Mrs. Dash, New York Style, Old London, Ortega, Polaner, SnackWell’s, Spice Islands, Spring Tree, Sugar Twin, Temptations, Trappey’s, TrueNorth, Underwood, Victoria, Weber, Wright’s, and Yoplait Greek yogurt brands. The company sells its products through its sales force to grocery stores, supermarkets, mass merchandisers, warehouse clubs, discount drug stores, military commissaries and exchanges, and other institutional foodservice providers. B&G Foods Inc was founded in 1896 and is headquartered in Parsippany-Troy Hills Township, New Jersey.
– Treehouse Foods Inc ($NYSE:THS)
Treehouse Foods Inc. is a packaged food and beverage manufacturing company headquartered in Oak Brook, Illinois. The company was founded in 2004, and has since acquired and merged with several other food companies. Treehouse Foods Inc. has a market cap of $2.67B as of 2022, and a Return on Equity of 1.75%. The company manufactures and sells a variety of food and beverage products, including snacks, condiments, and meal kits. Treehouse Foods Inc. has a diversified product portfolio and a strong presence in the United States packaged food industry.
Summary
The company has a long history of paying consistent dividends, with its current yield around 2%. Tomorrow, TR will go ex-dividend, which means that any shareholders on record as of today’s close will be eligible to receive the upcoming dividend. Historically, TR has maintained stable revenues and cash flow from operations, indicating a strong intrinsic value. Furthermore, the company has a low beta score, indicating that its stock does not move in line with the broader market. As such, it may provide a low-risk yet rewarding opportunity for investors who are looking for stability and income.
Despite some recent volatility in its share price, TR has little debt and a strong balance sheet. Analysts expect that the company’s recent cost-cutting efforts and restructuring initiatives should position it well for long-term growth. With a strong dividend yield and promising outlook, TR may be an attractive option for investors seeking a safe and reliable stock to add to their portfolios.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
