Is Toronto Dominion Stock a Good Investment?
Toronto Dominion Investment Advice | TD |
- Examine Toronto Dominion's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Toronto Dominion's leadership team and their track record. Good management can help Toronto Dominion navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Banks space and any emerging trends that could impact Toronto Dominion's business and its evolving consumer preferences.
- Compare Toronto Dominion's performance and market position to its competitors. Analyze how Toronto Dominion is positioned in terms of product offerings, innovation, and market share.
- Check if Toronto Dominion pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Toronto Dominion's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Toronto Dominion Bank stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Toronto Dominion Bank is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Toronto Dominion Stock
Researching Toronto Dominion's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 60.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.35. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Toronto Dominion Bank has Price/Earnings To Growth (PEG) ratio of 1.22. The entity last dividend was issued on the 10th of October 2024. The firm had 2:1 split on the 3rd of February 2014.
To determine if Toronto Dominion is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Toronto Dominion's research are outlined below:
| Toronto Dominion generated a negative expected return over the last 90 days | |
| Toronto Dominion Bank reports about 517.19 B in cash with (65.3 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 285.25. | |
| Toronto Dominion has a poor financial position based on the latest SEC disclosures | |
| Roughly 60.0% of the company shares are owned by institutional investors | |
| On 31st of October 2024 Toronto Dominion paid $ 0.7497 per share dividend to its current shareholders | |
| Latest headline from prnewswire.com: SHAREHOLDER ALERT Pomerantz Law Firm Announces the Filing of a Class Action Against The Toronto-Dominion Bank - TD |
Toronto Dominion Quarterly Liabilities And Stockholders Equity |
|
Toronto Dominion uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Toronto Dominion Bank. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Toronto Dominion's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of March 2024 Upcoming Quarterly Report | View | |
| 23rd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 5th of December 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of October 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Toronto Dominion's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Toronto Dominion's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
1995-08-23 | 1995-07-31 | 0.15 | 0.18 | 0.03 | 20 | ||
1999-08-19 | 1999-07-31 | 0.28 | 0.32 | 0.04 | 14 | ||
2000-08-17 | 2000-07-31 | 0.35 | 0.4 | 0.05 | 14 | ||
2000-02-18 | 2000-01-31 | 0.31 | 0.36 | 0.05 | 16 | ||
2007-02-22 | 2007-01-31 | 0.54 | 0.6 | 0.06 | 11 | ||
2004-11-24 | 2004-10-31 | 0.39 | 0.45 | 0.06 | 15 | ||
2004-02-26 | 2004-01-31 | 0.41 | 0.47 | 0.06 | 14 | ||
2000-05-18 | 2000-04-30 | 0.35 | 0.42 | 0.07 | 20 |
Know Toronto Dominion's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Toronto Dominion is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Toronto Dominion Bank backward and forwards among themselves. Toronto Dominion's institutional investor refers to the entity that pools money to purchase Toronto Dominion's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 18.6 M | Cibc Global Asset Management Inc | 2024-09-30 | 16.5 M | Beutel, Goodman & Company Ltd. | 2024-09-30 | 16.2 M | British Columbia Investment Management Corp | 2024-09-30 | 13.7 M | Fidelity International Ltd | 2024-06-30 | 13.5 M | Manufacturers Life Insurance Co | 2024-09-30 | 13.5 M | Goldman Sachs Group Inc | 2024-06-30 | 13.2 M | Legal & General Group Plc | 2024-06-30 | 13.1 M | Bank Of America Corp | 2024-06-30 | 12.3 M | Royal Bank Of Canada | 2024-06-30 | 142.4 M | Bank Of Montreal | 2024-06-30 | 85.6 M |
Toronto Dominion's market capitalization trends
The company currently falls under 'Large-Cap' category with a market capitalization of 97.67 B.Market Cap |
|
Toronto Dominion's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | 0.00 | 0.01 | |
| Return On Equity | 0.11 | 0.14 |
Determining Toronto Dominion's profitability involves analyzing its financial statements and using various financial metrics to determine if Toronto Dominion is a good buy. For example, gross profit margin measures Toronto Dominion's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Toronto Dominion's profitability and make more informed investment decisions.
Please note, the presentation of Toronto Dominion's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Toronto Dominion's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Toronto Dominion's management manipulating its earnings.
Evaluate Toronto Dominion's management efficiency
At present, Toronto Dominion's Return On Assets are projected to slightly decrease based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.14, whereas Return On Capital Employed is forecasted to decline to 0.01. At present, Toronto Dominion's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 232.9 B, whereas Other Assets are projected to grow to (783.8 B). Toronto Dominion's management efficiency ratios could be used to measure how well Toronto Dominion manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 55.36 | 58.13 | |
| Tangible Book Value Per Share | 44.81 | 47.05 | |
| Enterprise Value Over EBITDA | 26.28 | 27.59 | |
| Price Book Value Ratio | 1.45 | 1.93 | |
| Enterprise Value Multiple | 26.28 | 27.59 | |
| Price Fair Value | 1.45 | 1.93 | |
| Enterprise Value | 108.8 B | 114.2 B |
Management at Toronto Dominion Bank focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Dividend Yield 0.0525 | Forward Dividend Yield 0.0525 | Forward Dividend Rate 2.93 | Beta 0.822 |
Basic technical analysis of Toronto Stock
As of the 28th of November, Toronto Dominion has the Variance of 1.39, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,898). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Toronto Dominion Bank, as well as the relationship between them. Please validate Toronto Dominion Bank risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Toronto Dominion is priced more or less accurately, providing market reflects its prevalent price of 56.39 per share. Given that Toronto Dominion Bank has information ratio of (0.16), we advise you to double-check Toronto Dominion Bank's current market performance to make sure the company can sustain itself at a future point.Toronto Dominion's Outstanding Corporate Bonds
Toronto Dominion issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Toronto Dominion Bank uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Toronto bonds can be classified according to their maturity, which is the date when Toronto Dominion Bank has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Toronto Dominion's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Toronto Dominion's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 0.7557 | |||
| Coefficient Of Variation | (1,898) | |||
| Standard Deviation | 1.18 | |||
| Variance | 1.39 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.54 | |||
| Skewness | (1.57) | |||
| Kurtosis | 7.06 |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 0.7557 | |||
| Coefficient Of Variation | (1,898) | |||
| Standard Deviation | 1.18 | |||
| Variance | 1.39 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.54 | |||
| Skewness | (1.57) | |||
| Kurtosis | 7.06 |
Consider Toronto Dominion's intraday indicators
Toronto Dominion intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Toronto Dominion stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Toronto Dominion Corporate Filings
| 26th of November 2024 Prospectus used primarily for registering securities for public sale. | ViewVerify | |
| 21st of November 2024 Other Reports | ViewVerify | |
6K | 30th of October 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
Toronto Stock media impact
Far too much social signal, news, headlines, and media speculation about Toronto Dominion that are available to investors today. That information is available publicly through Toronto media outlets and privately through word of mouth or via Toronto internal channels. However, regardless of the origin, that massive amount of Toronto data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Toronto Dominion news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Toronto Dominion relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Toronto Dominion's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Toronto Dominion alpha.
Toronto Dominion Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Toronto Dominion can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Toronto Dominion Bank Historical Investor Sentiment
Investor biases related to Toronto Dominion's public news can be used to forecast risks associated with an investment in Toronto. The trend in average sentiment can be used to explain how an investor holding Toronto can time the market purely based on public headlines and social activities around Toronto Dominion Bank. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Toronto Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Toronto Dominion and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Toronto Dominion news discussions. The higher the estimate score, the more favorable the investor's outlook on Toronto Dominion.
Toronto Dominion Corporate Directors
| Nadir Mohamed | Independent Director | Profile | |
| Alan MacGibbon | Independent Director | Profile | |
| David Kepler | Independent Director | Profile | |
| JeanRene Halde | Independent Director | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4.02 | Earnings Share 3.1 | Revenue Per Share 29.497 | Quarterly Revenue Growth 0.079 |
The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Toronto Dominion's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.