The Toronto-Dominion Bank

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TD : NYSE : Financial
$47.11 -1.21 | -2.5%
Today's Range: 47.01 - 48.37
Avg. Daily Volume: 1938600.0
04/27/17 - 4:02 PM ET

Financial Analysis


TORONTO DOMINION BANK's gross profit margin for the first 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 2.41% from the same quarter last year.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)10532.09527.0
EBITDA ($mil)3840.03456.0
EBIT ($mil)3522.03132.0
Net Income ($mil)2504.02194.0


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)58186.051943.0
Total Assets ($mil)1186883.01173584.0
Total Debt ($mil)110005.0131728.0
Equity ($mil)71680.069990.0


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin79.9881.74
EBITDA Margin36.4636.27
Operating Margin33.4432.87
Sales Turnover0.030.03
Return on Assets0.760.68
Return on Equity12.511.39
Debt Q1 FY17 Q1 FY16
Current Ratio0.00.0
Debt/Capital0.610.65
Interest Expense511.0474.0
Interest Coverage6.896.61


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)1856.41850.3
Div / share0.420.36
EPS1.321.17
Book value / share38.6137.83
Institutional Own % n/a n/a
Avg Daily Volume1887033.01292584.0

Valuation


BUY. TORONTO DOMINION BANK's P/E ratio indicates a significant discount compared to an average of 23.41 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 24.92. To use another comparison, its price-to-book ratio of 1.27 indicates a significant discount versus the S&P 500 average of 2.99 and a premium versus the industry average of 1.26. 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 10.14 Peers 23.41   TD 2.54 Peers 7.49

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 80.68   TD NA Peers 1.37

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 1.27 Peers 1.26   TD 12.58 Peers 6.94

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 2.30 Peers 2.69   TD 9.59 Peers 4.72

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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