The Toronto-Dominion Bank

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TD : NYSE : Financial
$50.25 -0.36 | -0.71%
Today's Range: 50.25 - 50.745
Avg. Daily Volume: 1279600.0
08/17/17 - 4:02 PM ET

Financial Analysis


TORONTO DOMINION BANK's gross profit margin for the second 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.

During the same period, stockholders' equity ("net worth") has increased by 12.65% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)10021.09319.0
EBITDA ($mil)3519.03304.0
EBIT ($mil)3199.02975.0
Net Income ($mil)2475.02024.0


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)59498.051070.0
Total Assets ($mil)1251920.01124786.0
Total Debt ($mil)132703.0128914.0
Equity ($mil)74587.066211.0


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin79.5181.65
EBITDA Margin35.1135.45
Operating Margin31.9231.92
Sales Turnover0.030.03
Return on Assets0.760.73
Return on Equity12.6112.31
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.640.66
Interest Expense533.0464.0
Interest Coverage6.06.41


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)1843.41853.5
Div / share0.450.42
EPS1.311.07
Book value / share40.4635.72
Institutional Own % n/a n/a
Avg Daily Volume1336870.02082868.0

Valuation


BUY. TORONTO DOMINION BANK's P/E ratio indicates a significant discount compared to an average of 22.47 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 24.31. Conducting a second comparison, its price-to-book ratio of 1.24 indicates a significant discount versus the S&P 500 average of 3.03 and a discount 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. Upon assessment of these and other key valuation criteria, TORONTO DOMINION BANK proves to trade 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 9.87 Peers 22.47   TD 2.04 Peers 13.99

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 13.74   TD NA Peers 1.73

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 1.24 Peers 1.26   TD 15.48 Peers 7.65

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 2.77   TD 9.60 Peers 5.03

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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