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TORONTO-DOMINION BANK - TD 4.97 PERP (TD-PF-A.CA) Stock Fundamental Analysis

TSX:TD-PF-A - Toronto Stock Exchange - CA8911456900 - Currency: CAD

24.66  +0.01 (+0.04%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to TD-PF-A. TD-PF-A was compared to 29 industry peers in the Banks industry. There are concerns on the financial health of TD-PF-A while its profitability can be described as average. TD-PF-A has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

TD-PF-A had positive earnings in the past year.
In the past year TD-PF-A had a positive cash flow from operations.
TD-PF-A had positive earnings in each of the past 5 years.
Of the past 5 years TD-PF-A 4 years had a positive operating cash flow.
TD-PF-A.CA Yearly Net Income VS EBIT VS OCF VS FCFTD-PF-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B 150B 200B

1.2 Ratios

TD-PF-A has a better Return On Assets (0.82%) than 100.00% of its industry peers.
TD-PF-A has a Return On Equity of 13.35%. This is amongst the best in the industry. TD-PF-A outperforms 82.76% of its industry peers.
Industry RankSector Rank
ROA 0.82%
ROE 13.35%
ROIC N/A
ROA(3y)0.6%
ROA(5y)0.66%
ROE(3y)10.54%
ROE(5y)11.57%
ROIC(3y)N/A
ROIC(5y)N/A
TD-PF-A.CA Yearly ROA, ROE, ROICTD-PF-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

TD-PF-A has a Profit Margin of 25.24%. This is comparable to the rest of the industry: TD-PF-A outperforms 48.28% of its industry peers.
In the last couple of years the Profit Margin of TD-PF-A has declined.
TD-PF-A does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 25.24%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-23.85%
PM growth 5Y-12.17%
GM growth 3YN/A
GM growth 5YN/A
TD-PF-A.CA Yearly Profit, Operating, Gross MarginsTD-PF-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

2

2. Health

2.1 Basic Checks

TD-PF-A does not have a ROIC to compare to the WACC, probably because it is not profitable.
TD-PF-A has less shares outstanding than it did 1 year ago.
TD-PF-A has less shares outstanding than it did 5 years ago.
TD-PF-A has a worse debt/assets ratio than last year.
TD-PF-A.CA Yearly Shares OutstandingTD-PF-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
TD-PF-A.CA Yearly Total Debt VS Total AssetsTD-PF-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500B 1T 1.5T 2T

2.2 Solvency

The Debt to FCF ratio of TD-PF-A is 8.50, which is on the high side as it means it would take TD-PF-A, 8.50 years of fcf income to pay off all of its debts.
TD-PF-A has a Debt to FCF ratio (8.50) which is in line with its industry peers.
TD-PF-A has a Debt/Equity ratio of 1.95. This is a high value indicating a heavy dependency on external financing.
TD-PF-A has a Debt to Equity ratio of 1.95. This is in the better half of the industry: TD-PF-A outperforms 72.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.95
Debt/FCF 8.5
Altman-Z N/A
ROIC/WACCN/A
WACC18.05%
TD-PF-A.CA Yearly LT Debt VS Equity VS FCFTD-PF-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B 150B 200B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
TD-PF-A.CA Yearly Current Assets VS Current LiabilitesTD-PF-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B 250B

4

3. Growth

3.1 Past

The earnings per share for TD-PF-A have decreased by -1.27% in the last year.
The Earnings Per Share has been growing slightly by 3.11% on average over the past years.
Looking at the last year, TD-PF-A shows a very strong growth in Revenue. The Revenue has grown by 24.34%.
Measured over the past years, TD-PF-A shows a small growth in Revenue. The Revenue has been growing by 6.86% on average per year.
EPS 1Y (TTM)-1.27%
EPS 3Y-0.47%
EPS 5Y3.11%
EPS Q2Q%-3.43%
Revenue 1Y (TTM)24.34%
Revenue growth 3Y10.26%
Revenue growth 5Y6.86%
Sales Q2Q%1.03%

3.2 Future

Based on estimates for the next years, TD-PF-A will show a small growth in Earnings Per Share. The EPS will grow by 6.17% on average per year.
The Revenue is expected to grow by 4.34% on average over the next years.
EPS Next Y2.56%
EPS Next 2Y6.22%
EPS Next 3Y6.17%
EPS Next 5YN/A
Revenue Next Year7.64%
Revenue Next 2Y5.76%
Revenue Next 3Y4.88%
Revenue Next 5Y4.34%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TD-PF-A.CA Yearly Revenue VS EstimatesTD-PF-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B
TD-PF-A.CA Yearly EPS VS EstimatesTD-PF-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2030 2031 2 4 6 8 10

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 3.18, the valuation of TD-PF-A can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of TD-PF-A is on the same level as its industry peers.
TD-PF-A is valuated cheaply when we compare the Price/Earnings ratio to 27.48, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 2.80, which indicates a rather cheap valuation of TD-PF-A.
TD-PF-A's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TD-PF-A is cheaper than 65.52% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.52, TD-PF-A is valued rather cheaply.
Industry RankSector Rank
PE 3.18
Fwd PE 2.8
TD-PF-A.CA Price Earnings VS Forward Price EarningsTD-PF-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

65.52% of the companies in the same industry are more expensive than TD-PF-A, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 1.46
EV/EBITDA N/A
TD-PF-A.CA Per share dataTD-PF-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.24
PEG (5Y)1.02
EPS Next 2Y6.22%
EPS Next 3Y6.17%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.13%, TD-PF-A is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.64, TD-PF-A has a dividend in line with its industry peers.
TD-PF-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 4.13%

5.2 History

On average, the dividend of TD-PF-A grows each year by 7.39%, which is quite nice.
TD-PF-A has been paying a dividend for at least 10 years, so it has a reliable track record.
TD-PF-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.39%
Div Incr Years0
Div Non Decr Years4
TD-PF-A.CA Yearly Dividends per shareTD-PF-A.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

43.80% of the earnings are spent on dividend by TD-PF-A. This is a bit on the high side, but may be sustainable.
TD-PF-A's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.8%
EPS Next 2Y6.22%
EPS Next 3Y6.17%
TD-PF-A.CA Yearly Income VS Free CF VS DividendTD-PF-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B 150B 200B
TD-PF-A.CA Dividend Payout.TD-PF-A.CA Dividend Payout, showing the Payout Ratio.TD-PF-A.CA Dividend Payout.PayoutRetained Earnings

TORONTO-DOMINION BANK - TD 4.97 PERP

TSX:TD-PF-A (7/17/2025, 7:00:00 PM)

24.66

+0.01 (+0.04%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)05-22 2025-05-22/bmo
Earnings (Next)08-28 2025-08-28/bmo
Inst Owners56.8%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap42.43B
Analysts76.52
Price Target24.32 (-1.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.13%
Yearly Dividend4.04
Dividend Growth(5Y)7.39%
DP43.8%
Div Incr Years0
Div Non Decr Years4
Ex-Date07-10 2025-07-10 (0.310625)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.24%
Min EPS beat(2)0%
Max EPS beat(2)8.48%
EPS beat(4)2
Avg EPS beat(4)-0.81%
Min EPS beat(4)-8.09%
Max EPS beat(4)8.48%
EPS beat(8)4
Avg EPS beat(8)-0.69%
EPS beat(12)5
Avg EPS beat(12)-1.14%
EPS beat(16)7
Avg EPS beat(16)-0.64%
Revenue beat(2)0
Avg Revenue beat(2)-1.58%
Min Revenue beat(2)-2.05%
Max Revenue beat(2)-1.12%
Revenue beat(4)2
Avg Revenue beat(4)4.47%
Min Revenue beat(4)-2.05%
Max Revenue beat(4)15.62%
Revenue beat(8)6
Avg Revenue beat(8)4.84%
Revenue beat(12)7
Avg Revenue beat(12)4.49%
Revenue beat(16)11
Avg Revenue beat(16)3.81%
PT rev (1m)-1.1%
PT rev (3m)-6.99%
EPS NQ rev (1m)2.62%
EPS NQ rev (3m)0.99%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.09%
Revenue NQ rev (1m)-0.51%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 3.18
Fwd PE 2.8
P/S 0.64
P/FCF 1.46
P/OCF 1.36
P/B 0.34
P/tB 0.41
EV/EBITDA N/A
EPS(TTM)7.76
EY31.47%
EPS(NY)8.81
Fwd EY35.73%
FCF(TTM)16.86
FCFY68.38%
OCF(TTM)18.15
OCFY73.6%
SpS38.75
BVpS73.29
TBVpS60.58
PEG (NY)1.24
PEG (5Y)1.02
Profitability
Industry RankSector Rank
ROA 0.82%
ROE 13.35%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.24%
GM N/A
FCFM 43.51%
ROA(3y)0.6%
ROA(5y)0.66%
ROE(3y)10.54%
ROE(5y)11.57%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-23.85%
PM growth 5Y-12.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.95
Debt/FCF 8.5
Debt/EBITDA N/A
Cap/Depr 105.33%
Cap/Sales 3.32%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 172.41%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC18.05%
ROIC/WACCN/A
Cap/Depr(3y)95.41%
Cap/Depr(5y)84.59%
Cap/Sales(3y)3.47%
Cap/Sales(5y)3.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.27%
EPS 3Y-0.47%
EPS 5Y3.11%
EPS Q2Q%-3.43%
EPS Next Y2.56%
EPS Next 2Y6.22%
EPS Next 3Y6.17%
EPS Next 5YN/A
Revenue 1Y (TTM)24.34%
Revenue growth 3Y10.26%
Revenue growth 5Y6.86%
Sales Q2Q%1.03%
Revenue Next Year7.64%
Revenue Next 2Y5.76%
Revenue Next 3Y4.88%
Revenue Next 5Y4.34%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y200.01%
FCF growth 3Y2.5%
FCF growth 5YN/A
OCF growth 1Y213.47%
OCF growth 3Y3.1%
OCF growth 5Y189.32%