$305.5 M

CTO Mkt cap, 16-May-2019

$14.3 M

Consolidated Tomoka Land Revenue Q1, 2019
Consolidated Tomoka Land Net income (Q1, 2019)6.5 M
Consolidated Tomoka Land Cash, 31-Mar-20192.7 M
Consolidated Tomoka Land EV509.8 M

Consolidated Tomoka Land Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

25.8m35.5m43.0m71.1m91.4m86.7m

Revenue growth, %

37%21%(36%)

General and administrative expense

5.4m8.8m10.3m10.3m9.8m

Operating expense total

(19.6m)(22.7m)(33.8m)(51.1m)(45.2m)

Depreciation and amortization

(2.9m)(5.2m)(8.2m)(12.7m)(15.8m)

EBIT

6.3m12.6m20.3m37.3m40.3m

EBIT margin, %

24%35%47%53%44%

Interest expense

1.8m2.4m6.9m8.8m8.5m10.4m

Interest income

405.061.7k

Pre tax profit

28.0m31.8m

Income tax expense

(1.9m)(3.8m)(5.3m)(11.8m)9.9m

Net Income

3.7m6.4m8.3m16.2m41.7m37.2m

Consolidated Tomoka Land Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.9m1.9m4.1m7.8m6.6m2.3m

Accounts Receivable

Inventories

Total Assets

226.2m275.9m406.0m408.6m466.1m556.3m

Accounts Payable

872.3k859.2k1.9m1.5m1.9m1.0m

Short-term debt

Long-term debt

63.2m103.9m168.5m166.2m195.8m247.6m

Total Debt

63.2m168.5m166.2m195.8m247.6m

Total Liabilities

106.0m265.6m260.3m282.0m344.6m

Additional Paid-in Capital

8.5m11.3m17.0m20.5m22.7m24.3m

Retained Earnings

106.6m112.6m120.4m136.9m177.6m213.3m

Total Equity

120.2m128.4m140.4m148.3m184.2m211.8m

Debt to Equity Ratio

1.1 x1.1 x

Debt to Assets Ratio

0.4 x0.4 x

Financial Leverage

1.9 x2.1 x2.9 x2.8 x2.5 x2.6 x

Consolidated Tomoka Land Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

3.7m6.4m8.3m16.2m41.7m37.2m

Depreciation and Amortization

3.0m(3.5m)5.2m8.2m12.7m16.1m

Accounts Receivable

Inventories

Accounts Payable

431.8k(13.1k)1.1m(416.3k)362.4k(630.7k)

Cash From Operating Activities

10.9m11.3m25.2m14.3m57.5m48.7m

Cash From Investing Activities

(41.7m)(55.7m)(84.2m)(23.4m)(79.2m)(77.9m)

Long-term Borrowings

(53.6m)(51.1m)(70.5m)(49.0m)(35.1m)(56.0m)

Dividends Paid

(344.6k)(404.0k)(464.3k)(682.1k)(997.5k)(1.5m)

Cash From Financing Activities

34.4m41.3m61.2m12.8m20.5m38.7m

Consolidated Tomoka Land Ratios

USDY, 2019

EV/CFO

121 x

Revenue/Employee

1.0m

Financial Leverage

2.4 x