Stock fact sheet · data as of
Toro Corp. (TORO): fair value, margin of safety and Wheel Score
Industrials · Marine Shipping · Cyprus · High Yield Income
Is TORO undervalued?
TORO has a margin of safety of 48%: the stock closed at 4.10 on 16 Oct 2026 against a GLS average fair value of 7.81. 2 of the 7 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 7 models disagree widely: GLS Growth gives 0.4388 while DDM gives 38.99. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files TORO under High Yield Income: a dividend yield above 4%.
Nine valuation models for TORO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 3.85 | -6% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 6.69 | +63% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 2.42 | -41% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.5996 | -85% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.4388 | -89% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 38.99 | +852% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 1.67 | -59% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 1.57 | -62% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - TORO passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 1.5 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 2.1%, ROE 2.1%, ROA 1.8% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 64.71% (payout ratio 370%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Voyage Charter 100% (fiscal year FY2024).
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 2.1% |
|---|---|---|---|
| GLS Moat | 1.5 / 10 | ROE | 2.1% |
| Debt / equity | 0.00 | ROA | 1.8% |
| Free-cash-flow yield | -49.8% | Payout ratio | 370% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 47: Weak
TORO scores 47 out of 100 on the Wheel Score, in the Weak band (under 50). Value 25/25, Health 13/20, Moat 2/15, Premium 5/20, Stability 1/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 162%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is 5,760 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 106k shares a day on a market cap of $142M, with a beta of 2.64 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 1 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 48% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 2 / 15 | moat 1.5/10 | |
| Premium | 5 / 20 | implied volatility 162% | |
| Stability | 1 / 20 | 106k shares/day, $142M cap, beta 2.64 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Dec 2026, 48 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Marine Shipping
The 12 companies below are the closest to Toro Corp. by market cap within the Marine Shipping industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| EDRY EuroDry Ltd. | 47.44 | 60.92 | +22% | 39No options | $136M |
| DLNG Dynagas LNG Partners LP | 3.42 | 31.13 | +89% | 70Good | $124M |
| HMR Heidmar Maritime Holdings Corp. | 1.66 | 6.80 | +76% | 39No options | $98M |
| SMHI SEACOR Marine Holdings Inc. | 8.24 | 18.08 | +54% | 45Weak | $224M |
| PXS Pyxis Tankers Inc. | 8.18 | 22.98 | +64% | 39No options | $84M |
| GLBS Globus Maritime Limited | 3.20 | 5.11 | +37% | 58Fair | $69M |
| DSX Diana Shipping Inc. | 2.56 | 8.73 | +71% | 59Fair | $318M |
| GASS StealthGas Inc. | 8.56 | 24.24 | +65% | 74Good | $322M |
| KNOP KNOT Offshore Partners LP | 9.77 | 34.55 | +72% | 69Good | $329M |
| SHIP Seanergy Maritime Holdings Corp. | 16.60 | 24.77 | +33% | 73Good | $360M |
| CMDB Costamare Bulkers Holdings Limited | 19.47 | 18.67 | -4% | 39No options | $473M |
| ESEA Euroseas Ltd. | 67.45 | 213.07 | +68% | 39No options | $476M |
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Start free See the Sunday ScanQuestions about TORO
Is TORO undervalued right now?
By the GLS models, yes: at 4.10 the stock is 48% below the average fair value of 7.81 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TORO and what does it mean?
TORO scores 47 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for TORO?
7.81 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Toro Corp. report earnings next?
The next earnings report is due on 3 Dec 2026, 48 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TORO have listed options, and how liquid are they?
Yes. The nightly snapshot found 84 listed contracts with 5,760 open interest across all expiries and implied volatility of 162% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.