The Toronto-Dominion Bank

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TD : NYSE : Finance
$58.43 | %
Today's Range: 57.71 - 58.43
Avg. Daily Volume: 1126700.0
02/23/18 - 4:03 PM ET

Financial Analysis


TORONTO DOMINION BANK's gross profit margin for the fourth quarter of its fiscal year 2017 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.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.26% from the same quarter last year.

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Income Statement Q4 FY17 Q4 FY16
Net Sales ($mil)11211.09964.0
EBITDA ($mil)4275.03579.0
EBIT ($mil)3943.03229.0
Net Income ($mil)2677.02274.0


Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)78172.057621.0
Total Assets ($mil)1278995.01176967.0
Total Debt ($mil)150898.0108685.0
Equity ($mil)74207.072564.0


Profitability Q4 FY17 Q4 FY16
Gross Profit Margin78.2781.05
EBITDA Margin38.1335.91
Operating Margin35.1732.41
Sales Turnover0.030.03
Return on Assets0.810.74
Return on Equity13.7411.96
Debt Q4 FY17 Q4 FY16
Current Ratio0.00.0
Debt/Capital0.670.6
Interest Expense698.0464.0
Interest Coverage5.656.96


Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)1839.61857.2
Div / share0.480.42
EPS1.421.2
Book value / share40.3439.07
Institutional Own % n/a n/a
Avg Daily Volume1159560.01227965.0

Valuation


HOLD. This stock's P/E ratio indicates a discount compared to an average of 18.09 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 25.51. To use another comparison, its price-to-book ratio of 1.45 indicates a significant discount versus the S&P 500 average of 3.26 and a premium versus the industry average of 1.42. 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 10.58 Peers 18.09   TD 3.08 Peers 12.02

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 13.73   TD NA Peers 0.58

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 1.45 Peers 1.42   TD 17.73 Peers 16.11

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 exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
TD 2.50 Peers 3.15   TD 11.42 Peers 3.77

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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