Toll Brothers Intrinsic Value – TOLL BROTHERS Reports Fourth Quarter Financial Results for FY 2023
December 20, 2023
🌥️Earnings Overview
Toll Brothers ($NYSE:TOL) announced their financial results for the fourth quarter of FY 2023 on October 31, 2023, with the year ending December 5, 2023. The company saw a total revenue of USD 3020.2 million, an 18.6% decrease from the same period the year prior. Net income for the quarter was USD 445.5 million, showing a 30.4% year-over-year decline.
Share Price
Furthermore, TOLL BROTHERS‘ management commented on the results, saying that they reflect the company’s “ongoing commitment to delivering quality homes and superior customer service” while also recognizing “the positive momentum of our land acquisition team”. Overall, these results demonstrate the consistently positive performance of TOLL BROTHERS in the fourth quarter of fiscal year 2023. With continued success in the upcoming quarters, the company is well-positioned to build upon these results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toll Brothers. More…
| Total Revenues | Net Income | Net Margin |
| 9.99k | 1.37k | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toll Brothers. More…
| Operations | Investing | Financing |
| 1.91k | -153.18 | -1.12k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toll Brothers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.53k | 5.71k | 63.24 |
Key Ratios Snapshot
Some of the financial key ratios for Toll Brothers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | 46.3% | 17.3% |
| FCF Margin | ROE | ROA |
| 18.4% | 16.0% | 8.6% |
Analysis – Toll Brothers Intrinsic Value
At GoodWhale, we have performed an analysis of TOLL BROTHERS‘ wellbeing and have calculated the fair value of their share at around $72.4 using our proprietary Valuation Line. Currently, the stock is traded at $87.2, which is 20.4% overvalued. We believe that investors should be aware of this before making any decisions regarding TOLL BROTHERS shares. More…
Peers
The company is headquartered in Horsham, Pennsylvania, and operates in 22 states. The company’s product offerings include single-family detached homes, attached homes, and condominiums. The company’s competitors include D.R. Horton Inc, Redbubble Ltd, and PulteGroup Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that was founded in 1978 and is headquartered in Fort Worth, Texas. As of 2022, the company had a market capitalization of 28.86 billion and a return on equity of 25.26%. The company operates in 26 states and 84 markets across the United States. D.R. Horton is the largest homebuilder in the United States by volume, with a market share of approximately 18%. The company builds single-family detached homes, townhomes, and condominiums.
– Redbubble Ltd ($ASX:RBL)
Redbubble Ltd has a market cap of 168.95M as of 2022 and a Return on Equity of -12.32%. The company is an online marketplace that allows artists to sell their artwork on a variety of products.
– PulteGroup Inc ($NYSE:PHM)
PulteGroup Inc is one of the largest homebuilders in the United States. The company has a market cap of 9.97 billion as of 2022 and a return on equity of 24.61%. The company builds and sells single-family homes, townhouses, condominiums, and apartments in the United States.
Summary
Toll Brothers, a leading homebuilder in the US, reported their financial results for the fourth quarter of FY 2023. Revenue for the quarter decreased 18.6% year over year to USD 3020.2 million while net income decreased 30.4% to USD 445.5 million. Analysts remain bullish on Toll Brothers due to its strong market position and ability to capitalize on the current housing market trends. Investors may take advantage of this opportunity to invest in Toll Brothers as the stock is still trading at an attractive price-earnings ratio.
