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
Debt/Capital0.660.66
Interest Expense464.0448.0
Interest Coverage6.416.59


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)1853.51851.56
Div / share0.420.41
EPS1.070.97
Book value / share35.7232.41
Institutional Own % n/a n/a
Avg Daily Volume1537088.01737799.0

Valuation


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.


Price/Earnings
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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
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.

 
Price/Book
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.

 
Price/Sales
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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