TORO CORP. (TORO)

Deep Sea Foreign Transportation of Freight

Latest Price

$6.20

TTM P/E

77.50

Normalized P/E

77.50

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $0.08

Book value / share: $7.62

Formula: √(22.5 × EPS × BVPS)

Graham Number

$3.70

40% downside

Norm. op. income: $23M (median of 4yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$14.21

+129% upside

Base FCF: $26M (median of recent 4yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$24.22

+291% upside

EPS: $0.08

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$1.20

81% downside