The Toronto-Dominion Bank

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TD : NYSE : Financial
$43.57 up 0.27 | 0.62%
Today's Range: 43.30 - 43.87
Avg. Daily Volume: 1,518,400
07/29/16 - 4:02 PM ET

Financial Analysis

TORONTO DOMINION BANK's gross profit margin for the second 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 increased by 10.33% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)9319.08682.0
EBITDA ($mil)3304.03266.0
EBIT ($mil)2975.02952.0
Net Income ($mil)2024.01831.0

Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)51070.048599.0
Total Assets ($mil)1124786.01030954.0
Total Debt ($mil)128914.0114119.0
Equity ($mil)66211.060008.0

Profitability Q2 FY16 Q2 FY15
Gross Profit Margin81.6583.71
EBITDA Margin35.4537.61
Operating Margin31.9234.0
Sales Turnover0.030.03
Return on Assets0.730.74
Return on Equity12.3112.59
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Interest Expense464.0448.0
Interest Coverage6.416.59

Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)1853.51851.56
Div / share0.420.41
Book value / share35.7232.41
Institutional Own % n/a n/a
Avg Daily Volume1537088.01737799.0


HOLD. This stock's P/E ratio indicates a discount compared to an average of 11.99 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 1.22 indicates a significant discount versus the S&P 500 average of 2.81 and a premium versus the industry average of 1.07. The current price-to-sales ratio is above the S&P 500 average, but below the industry average. The valuation analysis reveals that, TORONTO DOMINION BANK seems to be trading at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
TD 9.92 Peers 11.99   TD 2.43 Peers 4.80

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

TD is trading at a discount to its peers.


Discount. 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 significant discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
TD NA Peers 12.08   TD NA Peers 2.92

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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
TD 1.22 Peers 1.07   TD 7.59 Peers 0.00

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

TD is trading at a premium to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

TD is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
TD 2.20 Peers 2.36   TD 8.34 Peers -0.10

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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