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Toda Corporation (TODCF) Fair Value & Analysis

Industrials · US · Market cap $2.0B

TC Toda Corporation logo Toda Corporation TODCF · US
Price$6.70
Fair Value$10.80
Upside+61.2%
Quality58/100
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Healthy Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
4.07% dividend yield
Ranks above peers (9/11)
Narrow moat 40/100
Evidence: High Range $6.95 – $16.46 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

A solid business, screening 61% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($6.95). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($6.95 to $16.46) leaves room in how you read the outcome.
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Price vs Fair Value (23 months)

$6.80 $6.16 Fair Value $10.80 Sep 2024 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

23‑month range $6.16 – $6.80 · fair‑value band $6.95 – $16.46 · the $6.70 price screens below the $10.80 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Toda Corporation (TODCF) currently trades at $6.70, while our model-based Fair Value estimate is $10.80, implying the stock looks roughly 61.2% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Toda Corporation generated revenue of $646B at a net margin of 5.7%. Revenue declined 9.9% year over year. It earns a return on equity of 9.9%. Net debt stands at $163B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $6.95 (bear case) to $16.46 (bull case); at $6.70, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 9% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 61%, TODCF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $5.22 $8.42 $12.53 80
Rev-Margin DCF $5.37 $10.10 $15.70 74
ROIC Compounder $3.34 $4.12 $4.76 72
All 24 models by family
DCF Models
FCF DCF $5.22 $8.98 $14.17 38
Owner Earnings $1.95 $4.09 $7.04 31
5Y Revenue Exit $5.37 $10.11 $16.22 39
5Y EBITDA Exit $6.76 $12.76 $19.87 41
5Y P/E Exit $8.04 $15.23 $22.94 38
10Y Revenue Exit $5.00 $9.10 $14.72 36
10Y EBITDA Exit $6.03 $10.80 $17.33 37
10Y P/E Exit $6.79 $12.39 $19.51 35
Earnings-Based
Graham-Dodd $5.93 $20.68 $27.80 54
Lynch FV $4.81 $6.87 $8.93 50
PEG = 1.0 $4.81 $6.87 $8.93 46
EPV $3.34 $4.12 $4.76 59
Multiples
P/E Multiple $13.74 $18.32 $22.90 63
P/S Multiple $11.12 $14.83 $18.54 58
P/B Multiple $11.12 $14.83 $18.54 55
EV/EBIT $9.14 $12.97 $16.80 53
EV/EBITDA $9.00 $12.78 $16.57 54
EV/Revenue $5.85 $9.36 $12.88 43
Asset-Based
NCAV (Graham) $4.61 $6.18 $9.22 50
Growth DCF
Growth DCF $5.22 $8.42 $12.53 80
Rev-Margin DCF $5.37 $10.10 $15.70 74
Economic Profit
Residual Income $7.51 $8.07 $9.12 61
ROIC Compounder $3.34 $4.12 $4.76 72
Growth Earnings
Growth-Adj P/E $11.83 $16.90 $21.98 68

Widest divergence: Growth Earnings ($16.90) versus Economic Profit ($4.12). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $646B
Revenue growth (YoY) -9.9%
Net margin 5.7%
Return on equity 9.9%
Free cash flow $33.2B FY2026
P/E ratio 12.2
More key figures
Operating margin 5.3%
EPS (TTM) $0.5500
Dividend yield 4.1%
EPS growth (YoY) -21.9%
Net debt $163B FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 63

Profitability 34
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 96
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Toda Corporation primarily engages in the construction and civil engineering businesses in Japan and internationally. The company operates through Construction, Civil Engineering, Domestic Investment and Development, Domestic Group Companies, Overseas Group Companies, and Environment and Energy segments.

Full company description

Toda Corporation primarily engages in the construction and civil engineering businesses in Japan and internationally. The company operates through Construction, Civil Engineering, Domestic Investment and Development, Domestic Group Companies, Overseas Group Companies, and Environment and Energy segments. It is involved in the research, planning, design, management, and execution of architectural and civil engineering works; and activities related to local and urban development, as well as provides related engineering and consulting services. The company also purchases, sells, rents, intermediates, manages, and appraises real estate properties. In addition, it engages in renewable energy business, such as floating offshore wind power generation. The company was formerly known as Toda-Gumi Co., Ltd. and changed its name to Toda Corporation in 1963. Toda Corporation was founded in 1881 and is headquartered in Tokyo, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Toda Corporation reported revenue of $646B in FY2026 versus $502B in FY2022, a compound +6.5%/yr. Reported net income was $37.0B in FY2026, compounding +18.8%/yr from FY2022.

Growth Quality 64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$646B
Latest YoY
+10.1%
Avg. growth/yr (3Y)
+5.7%
Avg. growth/yr (5Y)
+5.0%
Revenue +6.5%/yr
FY22 $502B
FY23 $547B
FY24 $522B
FY25 $587B
FY26 $646B
Net income +18.8%/yr
FY22 $18.6B
FY23 $11.0B
FY24 $16.1B
FY25 $25.2B
FY26 $37.0B

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Cite: Fair Value Calculator (2026). "Toda Corporation Fair Value". https://www.fairvalue-calculator.com/stock/TODCF

Peer Group

Engineering & Construction · 837 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside +61% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 2% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth -10% · Below median
Dividend yield (TTM) 4.1% · Top 25%
Debt / equity 0.43× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 16
FUTURE 0 · sector 18
PAST 40 · sector 26
HEALTH 79 · sector 94
DIVIDEND 81 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Toda Corporation (TODCF) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $10.80 versus a price of $6.70, about +61% (undervalued).
What is the fair value of TODCF?
Our model-based fair value for Toda Corporation is $10.80 (as of Jul 19, 2026), built from audited fundamentals. The current price is $6.70.
What is the quality score of TODCF?
Toda Corporation has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Toda Corporation (TODCF)?
Toda Corporation reported trailing-twelve-month revenue of about $646B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of TODCF?
The net profit margin of Toda Corporation is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Toda Corporation pay a dividend?
Toda Corporation currently shows a dividend yield of about 4.07% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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