Financials The Toronto-Dominion Bank

Equities

TD

CA8911605092

Banks

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
81.2 CAD +0.54% Intraday chart for The Toronto-Dominion Bank +1.65% -5.16%

Valuation

Fiscal Period: Oktober 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 134,694 106,572 163,522 158,095 139,586 143,171 - -
Enterprise Value (EV) 1 134,694 106,572 163,522 158,095 139,586 143,171 143,171 143,171
P/E ratio 12 x 9.14 x 11.6 x 9.21 x 13.8 x 11.7 x 10.4 x 10.1 x
Yield 3.84% 5.29% 3.52% 4.08% 4.96% 5.02% 5.37% 5.3%
Capitalization / Revenue 3.51 x 2.7 x 4.07 x 3.22 x 2.69 x 2.84 x 2.71 x 2.47 x
EV / Revenue 3.51 x 2.7 x 4.07 x 3.22 x 2.69 x 2.84 x 2.71 x 2.47 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.66 x 1.19 x 1.74 x 1.59 x 1.37 x 1.36 x 1.28 x 1.26 x
Nbr of stocks (in thousands) 1,790,907 1,813,064 1,820,149 1,813,220 1,802,041 1,763,189 - -
Reference price 2 75.21 58.78 89.84 87.19 77.46 81.20 81.20 81.20
Announcement Date 12/5/19 12/3/20 12/2/21 12/1/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,393 39,498 40,138 49,032 51,839 50,387 52,770 57,919
EBITDA - - - - - - - -
EBIT 1 17,308 18,160 17,229 24,673 24,409 21,379 22,759 22,756
Operating Margin 45.08% 45.98% 42.92% 50.32% 47.09% 42.43% 43.13% 39.29%
Earnings before Tax (EBT) 1 13,229 11,914 17,134 20,424 13,086 15,126 15,587 18,363
Net income 1 11,416 11,628 14,049 17,170 10,219 12,057 13,041 14,325
Net margin 29.73% 29.44% 35% 35.02% 19.71% 23.93% 24.71% 24.73%
EPS 2 6.250 6.430 7.720 9.470 5.600 6.967 7.844 8.029
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.890 3.110 3.160 3.560 3.840 4.074 4.359 4.300
Announcement Date 12/5/19 12/3/20 12/2/21 12/1/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: oktober 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 10,327 10,563 10,481 10,815 15,563 13,102 12,539 13,013 13,185 13,771 12,438 12,808 13,013 13,379 13,490
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,429 4,666 4,482 4,782 9,133 6,561 5,846 6,060 5,942 6,646 5,091 5,338 5,540 5,496 5,236
Operating Margin 42.89% 44.17% 42.76% 44.22% 58.68% 50.08% 46.62% 46.57% 45.07% 48.26% 40.93% 41.68% 42.57% 41.08% 38.81%
Earnings before Tax (EBT) 1 4,467 4,486 4,611 3,649 7,678 2,244 3,976 3,508 3,358 3,317 3,865 3,826 3,648 3,544 3,390
Net income 1 3,718 3,690 3,745 3,171 6,564 1,499 3,141 2,889 2,690 2,750 3,162 3,209 3,102 3,026 2,787
Net margin 36% 34.93% 35.73% 29.32% 42.18% 11.44% 25.05% 22.2% 20.4% 19.97% 25.42% 25.05% 23.83% 22.62% 20.66%
EPS 2 2.040 2.020 2.070 1.750 3.620 0.8200 1.720 1.570 1.490 1.550 1.702 1.970 1.997 2.140 2.020
Dividend per Share 2 0.7900 0.8900 0.8900 0.8900 0.8900 0.9600 0.9600 0.9600 0.9600 - 1.020 1.028 1.048 1.094 1.100
Announcement Date 12/2/21 3/3/22 5/26/22 8/25/22 12/1/22 3/2/23 5/25/23 8/24/23 11/30/23 2/29/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15.6% 11.4% 15.9% 15.9% 14.4% 13.5% 13.9% 11.9%
ROA (Net income/ Total Assets) 0.91% 0.62% 0.82% 0.83% 0.75% 0.69% 0.72% 0.7%
Assets 1 1,255,609 1,876,695 1,722,324 2,063,702 1,357,105 1,757,588 1,821,436 2,046,484
Book Value Per Share 2 45.20 49.50 51.70 55.00 56.60 59.60 63.20 64.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/5/19 12/3/20 12/2/21 12/1/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
81.2 CAD
Average target price
89.44 CAD
Spread / Average Target
+10.15%
Consensus
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