Financials The Toronto-Dominion Bank

Equities

TD

CA8911605092

Banks

Market Closed - Toronto S.E. 04:00:00 2024-05-24 pm EDT 5-day change 1st Jan Change
77.28 CAD +2.25% Intraday chart for The Toronto-Dominion Bank -0.86% -9.74%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 134,694 106,572 163,522 158,095 139,586 135,981 - -
Enterprise Value (EV) 1 134,694 106,572 163,522 158,095 139,586 135,981 135,981 135,981
P/E ratio 12 x 9.14 x 11.6 x 9.21 x 13.8 x 11.5 x 9.71 x 9.2 x
Yield 3.84% 5.29% 3.52% 4.08% 4.96% 5.26% 5.6% 5.56%
Capitalization / Revenue 3.51 x 2.7 x 4.07 x 3.22 x 2.69 x 2.71 x 2.57 x 2.37 x
EV / Revenue 3.51 x 2.7 x 4.07 x 3.22 x 2.69 x 2.71 x 2.57 x 2.37 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 1.3 x 1.23 x 1.2 x
Nbr of stocks (in thousands) 1,790,907 1,813,064 1,820,149 1,813,220 1,802,041 1,759,584 - -
Reference price 2 75.21 58.78 89.84 87.19 77.46 77.28 77.28 77.28
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: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,393 39,498 40,138 49,032 51,839 50,234 52,864 57,262
EBITDA - - - - - - - -
EBIT 1 17,308 18,160 17,229 24,673 24,409 21,804 22,514 22,992
Operating Margin 45.08% 45.98% 42.92% 50.32% 47.09% 43.4% 42.59% 40.15%
Earnings before Tax (EBT) 1 13,229 11,914 17,134 20,424 13,086 14,296 15,647 18,082
Net income 1 11,416 11,628 14,049 17,170 10,219 12,264 13,541 14,147
Net margin 29.73% 29.44% 35% 35.02% 19.71% 24.41% 25.62% 24.71%
EPS 2 6.250 6.430 7.720 9.470 5.600 6.711 7.957 8.396
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 4.068 4.324 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: October 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 2025 Q3
Net sales 1 10,563 10,481 10,815 15,563 13,102 12,539 13,013 13,185 13,771 13,883 12,572 12,778 13,762 13,635 14,150
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,666 4,482 4,782 9,133 6,561 5,846 6,060 5,942 6,646 6,799 5,369 5,356 5,504 5,291 5,684
Operating Margin 44.17% 42.76% 44.22% 58.68% 50.08% 46.62% 46.57% 45.07% 48.26% 48.97% 42.71% 41.92% 39.99% 38.8% 40.17%
Earnings before Tax (EBT) 1 4,486 4,611 3,649 7,678 2,244 3,976 3,508 3,358 3,317 - 4,271 4,099 3,927 3,503 3,690
Net income 1 3,690 3,745 3,171 6,564 1,499 3,141 2,889 2,690 2,750 2,374 3,704 3,550 3,367 2,884 3,199
Net margin 34.93% 35.73% 29.32% 42.18% 11.44% 25.05% 22.2% 20.4% 19.97% 17.1% 29.47% 27.79% 24.47% 21.15% 22.61%
EPS 2 2.020 2.070 1.750 3.620 0.8200 1.720 1.570 1.490 1.550 1.350 2.022 2.012 2.210 2.060 2.300
Dividend per Share 2 0.8900 0.8900 0.8900 0.8900 0.9600 0.9600 0.9600 0.9600 - 1.020 1.020 1.047 1.100 1.100 1.100
Announcement Date 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 5/23/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: October 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% 13.3% 13.3% 11.9%
ROA (Net income/ Total Assets) 0.91% 0.62% 0.82% 0.83% 0.75% 0.67% 0.71% 0.7%
Assets 1 1,255,609 1,876,695 1,722,324 2,063,702 1,357,105 1,844,170 1,900,539 2,021,008
Book Value Per Share 2 45.20 49.50 51.70 55.00 56.60 59.30 62.60 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
77.28 CAD
Average target price
86.04 CAD
Spread / Average Target
+11.33%
Consensus
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