1.15 | 1.43%
TORONTO DOMINION BANK's gross profit margin for the first quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 9.61% from the same quarter last year.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 7657.0 | 7438.0 |
| EBITDA ($mil) | 3033.0 | 2877.0 |
| EBIT ($mil) | 2787.0 | 2633.0 |
| Net Income ($mil) | 1764.0 | 1452.0 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 33473.0 | 15876.0 |
| Total Assets ($mil) | 818482.0 | 773666.0 |
| Total Debt ($mil) | 90633.0 | 80327.0 |
| Equity ($mil) | 48295.0 | 44059.0 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 80.36 | 78.8 |
| EBITDA Margin | 39.61 | 38.67 |
| Operating Margin | 36.4 | 35.4 |
| Sales Turnover | 0.04 | 0.04 |
| Return on Assets | 0.81 | 0.74 |
| Return on Equity | 13.42 | 12.75 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.65 | 0.65 |
| Interest Expense | 567.0 | 624.0 |
| Interest Coverage | 4.92 | 4.22 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 920.5 | 903.7 |
| Div / share | 0.78 | 0.67 |
| EPS | 1.86 | 1.55 |
| Book value / share | 52.47 | 48.75 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 519453.0 | 475987.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 12.31 for the Commercial Banks industry and a discount compared to the S&P 500 average of 19.08. Conducting a second comparison, its price-to-book ratio of 1.54 indicates a discount versus the S&P 500 average of 2.44 and a premium versus the industry average of 1.44. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TD 11.42 | Peers 12.31 | TD 9.44 | Peers 9.08 | |||||||||||||||||||||
|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation. TD is trading at a valuation on par with its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TD is trading at a valuation on par to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| TD NA | Peers 12.67 | TD NA | Peers 1.23 | |||||||||||||||||||||
|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| TD 1.54 | Peers 1.44 | TD 12.73 | Peers 33.68 | |||||||||||||||||||||
|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TD is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, TD is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| TD 2.44 | Peers 2.27 | TD 10.18 | Peers 2.94 | |||||||||||||||||||||
|
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TD is trading at a valuation on par with its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. TD has a sales growth rate that significantly exceeds its peers. |
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