TD Ameritrade Holding Corporation
Find Ratings Reports
0.77 |
2.23%
TD AMERITRADE HOLDING CORP's gross profit margin for the third quarter of its fiscal year 2016 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 remained unchanged from the same quarter last year.
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| Income Statement | Q3 FY16 | Q3 FY15 |
|---|---|---|
| Net Sales ($mil) | 838.0 | 794.0 |
| EBITDA ($mil) | 391.0 | 370.0 |
| EBIT ($mil) | 347.0 | 325.0 |
| Net Income ($mil) | 240.0 | 196.0 |
| Balance Sheet | Q3 FY16 | Q3 FY15 |
|---|---|---|
| Cash & Equiv. ($mil) | 9385.0 | 6658.0 |
| Total Assets ($mil) | 27107.0 | 25159.0 |
| Total Debt ($mil) | 1828.0 | 1810.0 |
| Equity ($mil) | 4972.0 | 4993.0 |
| Profitability | Q3 FY16 | Q3 FY15 |
|---|---|---|
| Gross Profit Margin | 46.66 | 46.6 |
| EBITDA Margin | 46.65 | 46.59 |
| Operating Margin | 41.41 | 40.93 |
| Sales Turnover | 0.12 | 0.13 |
| Return on Assets | 3.22 | 3.21 |
| Return on Equity | 17.55 | 16.18 |
| Debt | Q3 FY16 | Q3 FY15 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.27 | 0.27 |
| Interest Expense | 13.0 | 13.0 |
| Interest Coverage | 26.69 | 25.0 |
| Share Data | Q3 FY16 | Q3 FY15 |
|---|---|---|
| Shares outstanding (mil) | 527.0 | 543.0 |
| Div / share | 0.17 | 0.15 |
| EPS | 0.45 | 0.36 |
| Book value / share | 9.43 | 9.2 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 2731067.0 | 2907053.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 22.00 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.19. Conducting a second comparison, its price-to-book ratio of 3.57 indicates a premium versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 5.51. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, TD AMERITRADE HOLDING CORP proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMTD 20.78 | Peers 22.00 | AMTD 15.56 | Peers 15.22 | |||||||||||||||||||||
|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation. AMTD 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. AMTD is trading at a valuation on par to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| AMTD 20.04 | Peers 19.21 | AMTD 2.58 | Peers 1.46 | |||||||||||||||||||||
|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations. AMTD is trading at a valuation on par with its peers. |
Premium. 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. AMTD trades at a significant premium to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| AMTD 3.57 | Peers 5.51 | AMTD 9.45 | Peers 6.96 | |||||||||||||||||||||
|
Discount. 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. AMTD is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. AMTD is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
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| AMTD 5.33 | Peers 4.60 | AMTD 3.64 | Peers -0.86 | |||||||||||||||||||||
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Premium. 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. AMTD is trading at a premium to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. AMTD has a sales growth rate that significantly exceeds its peers. |
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