The Toronto-Dominion Bank

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TD : NYSE : Financial
$49.9 | %
Today's Range: 49.44 - 49.99
Avg. Daily Volume: 1288200.0
12/09/16 - 4:02 PM ET

Financial Analysis


TORONTO DOMINION BANK's gross profit margin for the fourth 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 10.92% from the same quarter last year.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)9964.08852.0
EBITDA ($mil)3579.03160.0
EBIT ($mil)3229.02840.0
Net Income ($mil)2274.01810.0


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)57621.045637.0
Total Assets ($mil)1176967.01104373.0
Total Debt ($mil)108685.0131242.0
Equity ($mil)72564.065418.0


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin81.0582.69
EBITDA Margin35.9135.69
Operating Margin32.4132.08
Sales Turnover0.030.03
Return on Assets0.740.71
Return on Equity11.9611.94
Debt Q4 FY16 Q4 FY15
Current Ratio0.00.0
Debt/Capital0.60.67
Interest Expense464.0419.0
Interest Coverage6.966.78


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)1857.21855.1
Div / share0.420.39
EPS1.20.96
Book value / share39.0735.26
Institutional Own % n/a n/a
Avg Daily Volume1281357.01405317.0

Valuation


HOLD. This stock's P/E ratio indicates a discount compared to an average of 17.35 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 25.45. To use another comparison, its price-to-book ratio of 1.23 indicates a significant discount versus the S&P 500 average of 2.82 and a premium versus the industry average of 1.19. The price-to-sales ratio is above the S&P 500 average, but well 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.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
TD 10.29 Peers 17.35   TD 2.03 Peers 12.00

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

TD is trading at a significant 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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
TD NA Peers 14.46   TD NA Peers 2.15

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
TD 1.23 Peers 1.19   TD 11.16 Peers -41.31

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.

 

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
TD 2.32 Peers 2.90   TD 9.87 Peers 5.38

Discount. 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 discount to 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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