| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
TD Stock Overview
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally.
Toronto-Dominion Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$100.30 |
| 52 Week High | CA$104.17 |
| 52 Week Low | CA$72.26 |
| Beta | 0.87 |
| 1 Month Change | 4.15% |
| 3 Month Change | 12.02% |
| 1 Year Change | 36.31% |
| 3 Year Change | 37.72% |
| 5 Year Change | 47.15% |
| Change since IPO | 1,845.21% |
Recent News & Updates
Toronto-Dominion Bank's (TSE:TD) Dividend Will Be Increased To CA$0.89
The Toronto-Dominion Bank ( TSE:TD ) has announced that it will be increasing its dividend on the 31st of January to...
Shareholder Returns
| TD | CA Banks | CA Market | |
|---|---|---|---|
| 7D | -2.1% | -2.4% | -2.9% |
| 1Y | 36.3% | 36.7% | 15.9% |
Return vs Industry: TD matched the Canadian Banks industry which returned 36.7% over the past year.
Return vs Market: TD exceeded the Canadian Market which returned 15.9% over the past year.
Price Volatility
| TD volatility | |
|---|---|
| TD Average Weekly Movement | 2.6% |
| Banks Industry Average Movement | 2.6% |
| Market Average Movement | 9.9% |
| 10% most volatile stocks in CA Market | 17.4% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: TD is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TD's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1855 | 89,464 | Bharat Masrani | https://www.td.com |
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking.
Toronto-Dominion Bank Fundamentals Summary
| TD fundamental statistics | |
|---|---|
| Market Cap | CA$182.82b |
| Earnings (TTM) | CA$14.05b |
| Revenue (TTM) | CA$42.92b |
13.0x
P/E Ratio1.9x
P/B RatioIs TD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TD income statement (TTM) | |
|---|---|
| Revenue | CA$42.92b |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$42.92b |
| Expenses | CA$28.87b |
| Earnings | CA$14.05b |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
Mar 03, 2022
| Earnings per share (EPS) | 7.71 |
| Gross Margin | 100.00% |
| Net Profit Margin | 32.74% |
| Debt/Equity Ratio | 310.5% |
How did TD perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield41%
Payout RatioValuation
Is Toronto-Dominion Bank undervalued compared to its fair value and its price relative to the market?
19.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TD (CA$100.3) is trading below our estimate of fair value (CA$124.06)
Significantly Below Fair Value: TD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TD is poor value based on its PE Ratio (13x) compared to the Canadian Banks industry average (12.4x).
PE vs Market: TD is poor value based on its PE Ratio (13x) compared to the Canadian market (12.8x).
Price to Earnings Growth Ratio
PEG Ratio: TD is poor value based on its PEG Ratio (6.3x)
Price to Book Ratio
PB vs Industry: TD is overvalued based on its PB Ratio (1.9x) compared to the CA Banks industry average (1.7x).
Future Growth
How is Toronto-Dominion Bank forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
2.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TD's forecast earnings growth (2.1% per year) is above the savings rate (1.6%).
Earnings vs Market: TD's earnings (2.1% per year) are forecast to grow slower than the Canadian market (10.9% per year).
High Growth Earnings: TD's earnings are forecast to grow, but not significantly.
Revenue vs Market: TD's revenue (2.7% per year) is forecast to grow slower than the Canadian market (5.6% per year).
High Growth Revenue: TD's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TD's Return on Equity is forecast to be low in 3 years time (14.8%).
Past Performance
How has Toronto-Dominion Bank performed over the past 5 years?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TD has high quality earnings.
Growing Profit Margin: TD's current net profit margins (32.7%) are higher than last year (31.9%).
Past Earnings Growth Analysis
Earnings Trend: TD's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: TD's earnings growth over the past year (20.8%) exceeds its 5-year average (8.1% per year).
Earnings vs Industry: TD earnings growth over the past year (20.8%) underperformed the Banks industry 41.4%.
Return on Equity
High ROE: TD's Return on Equity (14.3%) is considered low.
Financial Health
How is Toronto-Dominion Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TD's Assets to Equity ratio (17.3x) is moderate.
Allowance for Bad Loans: TD has a sufficient allowance for bad loans (265%).
Low Risk Liabilities: 73% of TD's liabilities are made up of primarily low risk sources of funding.
Loan Level: TD has an appropriate level of Loans to Assets ratio (42%).
Low Risk Deposits: TD's Loans to Deposits ratio (61%) is appropriate.
Level of Bad Loans: TD has an appropriate level of bad loans (0.3%).
Dividend
What is Toronto-Dominion Bank current dividend yield, its reliability and sustainability?
3.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TD's dividend (3.55%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%).
High Dividend: TD's dividend (3.55%) is low compared to the top 25% of dividend payers in the Canadian market (4.79%).
Stability and Growth of Payments
Stable Dividend: TD's dividend payments have been volatile in the past 10 years.
Growing Dividend: TD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.9%), TD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TD's dividends in 3 years are forecast to be well covered by earnings (44.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Bharat Masrani (64 yo)
7.17yrs
Tenure
CA$10,524,991
Compensation
Mr. Bharat B. Masrani has been Director of Charles Schwab Corporation since October 06, 2020. He has been Chief Executive Officer and Group President at The Toronto-Dominion Bank since November 1, 2014. Mr...
CEO Compensation Analysis
Compensation vs Market: Bharat's total compensation ($USD8.40M) is above average for companies of similar size in the Canadian market ($USD5.93M).
Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TD's management team is considered experienced (4.2 years average tenure).
Board Members
Experienced Board: TD's board of directors are seasoned and experienced ( 10.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TD insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Toronto-Dominion Bank's employee growth, exchange listings and data sources
Key Information
- Name: The Toronto-Dominion Bank
- Ticker: TD
- Exchange: TSX
- Founded: 1855
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: CA$182.824b
- Shares outstanding: 1.82b
- Website: https://www.td.com
Number of Employees
Location
- The Toronto-Dominion Bank
- PO Box 1
- Toronto-Dominion Centre
- Toronto
- Ontario
- M5K 1A2
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/23 23:25 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/10/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.