TORONTO-DOMINION BANK (TD.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:TD - CA8911605092 - Common Stock
129.99 CAD
-0.56 (-0.43%)
We assign a fundamental rating of 3 out of 10 to TD. TD was compared to 24 industry peers in the Banks industry. TD has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, TD is valued expensive at the moment. TD also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year TD was profitable.
- TD had a negative operating cash flow in the past year.
- Each year in the past 5 years TD has been profitable.
- The reported operating cash flow has been mixed in the past 5 years: TD reported negative operating cash flow in multiple years.
1.2 Ratios
- TD's Return On Assets of 0.95% is amongst the best of the industry. TD outperforms 83.33% of its industry peers.
- The Return On Equity of TD (15.63%) is better than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.95% | ||
| ROE | 15.63% | ||
| ROIC | N/A |
ROA(3y)0.62%
ROA(5y)0.72%
ROE(3y)10.61%
ROE(5y)12.26%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- TD has a Profit Margin of 29.47%. This is in the better half of the industry: TD outperforms 79.17% of its industry peers.
- TD's Profit Margin has improved in the last couple of years.
- TD does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 29.47% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.59%
PM growth 5Y2.04%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- TD does not have a ROIC to compare to the WACC, probably because it is not profitable.
- The number of shares outstanding for TD has been reduced compared to 1 year ago.
- Compared to 5 years ago, TD has less shares outstanding
- Compared to 1 year ago, TD has a worse debt to assets ratio.
2.2 Solvency
- TD has a Debt/Equity ratio of 2.20. This is a high value indicating a heavy dependency on external financing.
- TD has a Debt to Equity ratio (2.20) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.6%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- TD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.17%.
- TD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.32% yearly.
- The Revenue has grown by 18.44% in the past year. This is quite good.
- TD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.20% yearly.
EPS 1Y (TTM)7.17%
EPS 3Y0%
EPS 5Y9.32%
EPS Q2Q%26.74%
Revenue 1Y (TTM)18.44%
Revenue growth 3Y11.4%
Revenue growth 5Y9.2%
Sales Q2Q%-7.01%
3.2 Future
- TD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.90% yearly.
- Based on estimates for the next years, TD will show a small growth in Revenue. The Revenue will grow by 5.07% on average per year.
EPS Next Y11.62%
EPS Next 2Y11.51%
EPS Next 3Y8.22%
EPS Next 5Y7.9%
Revenue Next Year5.54%
Revenue Next 2Y4.91%
Revenue Next 3Y5.75%
Revenue Next 5Y5.07%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
- TD is valuated correctly with a Price/Earnings ratio of 15.53.
- Compared to the rest of the industry, the Price/Earnings ratio of TD indicates a rather expensive valuation: TD more expensive than 87.50% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.38. TD is valued slightly cheaper when compared to this.
- With a Price/Forward Earnings ratio of 13.91, TD is valued correctly.
- TD's Price/Forward Earnings ratio is rather expensive when compared to the industry. TD is more expensive than 91.67% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of TD to the average of the S&P500 Index (24.29), we can say TD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.53 | ||
| Fwd PE | 13.91 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- TD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.34
PEG (5Y)1.67
EPS Next 2Y11.51%
EPS Next 3Y8.22%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.24%, TD has a reasonable but not impressive dividend return.
- TD's Dividend Yield is a higher than the industry average which is at 3.33.
- TD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
5.2 History
- On average, the dividend of TD grows each year by 9.90%, which is quite nice.
- TD has been paying a dividend for at least 10 years, so it has a reliable track record.
- TD has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.9%
Div Incr Years14
Div Non Decr Years18
5.3 Sustainability
- 38.37% of the earnings are spent on dividend by TD. This is a low number and sustainable payout ratio.
- The dividend of TD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP38.37%
EPS Next 2Y11.51%
EPS Next 3Y8.22%
TSX:TD (1/19/2026, 7:00:00 PM)
129.99
-0.56 (-0.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)12-04 2025-12-04/bmo
Earnings (Next)02-26 2026-02-26/bmo
Inst Owners58.1%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap220.52B
Revenue(TTM)67.78B
Net Income(TTM)19.97B
Analysts77.39
Price Target132.24 (1.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
Yearly Dividend4.46
Dividend Growth(5Y)9.9%
DP38.37%
Div Incr Years14
Div Non Decr Years18
Ex-Date01-09 2026-01-09 (1.08)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.13%
Min EPS beat(2)3.97%
Max EPS beat(2)4.29%
EPS beat(4)4
Avg EPS beat(4)4.18%
Min EPS beat(4)0%
Max EPS beat(4)8.48%
EPS beat(8)6
Avg EPS beat(8)1.81%
EPS beat(12)6
Avg EPS beat(12)-0.65%
EPS beat(16)8
Avg EPS beat(16)-0.29%
Revenue beat(2)1
Avg Revenue beat(2)1.91%
Min Revenue beat(2)-0.3%
Max Revenue beat(2)4.13%
Revenue beat(4)1
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-2.05%
Max Revenue beat(4)4.13%
Revenue beat(8)5
Avg Revenue beat(8)4.26%
Revenue beat(12)7
Avg Revenue beat(12)2.99%
Revenue beat(16)10
Avg Revenue beat(16)3.82%
PT rev (1m)6.45%
PT rev (3m)21.07%
EPS NQ rev (1m)-0.37%
EPS NQ rev (3m)1.86%
EPS NY rev (1m)1.86%
EPS NY rev (3m)3.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.39%
Revenue NY rev (1m)1.38%
Revenue NY rev (3m)-0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.53 | ||
| Fwd PE | 13.91 | ||
| P/S | 3.25 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.73 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.37
EY6.44%
EPS(NY)9.34
Fwd EY7.19%
FCF(TTM)-42.32
FCFYN/A
OCF(TTM)-41.05
OCFYN/A
SpS39.95
BVpS75.35
TBVpS62.15
PEG (NY)1.34
PEG (5Y)1.67
Graham Number119.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.95% | ||
| ROE | 15.63% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 29.47% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)0.62%
ROA(5y)0.72%
ROE(3y)10.61%
ROE(5y)12.26%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.59%
PM growth 5Y2.04%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.2 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 99.03% | ||
| Cap/Sales | 3.16% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC13.6%
ROIC/WACCN/A
Cap/Depr(3y)100.98%
Cap/Depr(5y)87.98%
Cap/Sales(3y)3.54%
Cap/Sales(5y)3.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.17%
EPS 3Y0%
EPS 5Y9.32%
EPS Q2Q%26.74%
EPS Next Y11.62%
EPS Next 2Y11.51%
EPS Next 3Y8.22%
EPS Next 5Y7.9%
Revenue 1Y (TTM)18.44%
Revenue growth 3Y11.4%
Revenue growth 5Y9.2%
Sales Q2Q%-7.01%
Revenue Next Year5.54%
Revenue Next 2Y4.91%
Revenue Next 3Y5.75%
Revenue Next 5Y5.07%
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 1Y-236.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-226.77%
OCF growth 3YN/A
OCF growth 5YN/A
TORONTO-DOMINION BANK / TD.CA FAQ
What is the ChartMill fundamental rating of TORONTO-DOMINION BANK (TD.CA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to TD.CA.
What is the valuation status of TORONTO-DOMINION BANK (TD.CA) stock?
ChartMill assigns a valuation rating of 2 / 10 to TORONTO-DOMINION BANK (TD.CA). This can be considered as Overvalued.
Can you provide the profitability details for TORONTO-DOMINION BANK?
TORONTO-DOMINION BANK (TD.CA) has a profitability rating of 4 / 10.
Can you provide the expected EPS growth for TD stock?
The Earnings per Share (EPS) of TORONTO-DOMINION BANK (TD.CA) is expected to grow by 11.62% in the next year.
How sustainable is the dividend of TORONTO-DOMINION BANK (TD.CA) stock?
The dividend rating of TORONTO-DOMINION BANK (TD.CA) is 7 / 10 and the dividend payout ratio is 38.37%.