Company Valuation: The Toronto-Dominion Bank

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 163,522 158,095 139,586 134,553 197,415 245,535 - -
Change - -3.32% -11.71% -3.61% 46.72% 24.38% - -
Enterprise Value (EV) 163,522 158,095 139,586 134,553 197,415 245,535 245,535 245,535
Change - -3.32% -11.71% -3.61% 46.72% 24.38% 0% 0%
P/E ratio 11.6x 9.21x 13.8x 16.3x 9.96x 16.2x 14.5x 15.3x
PBR 1.74x 1.59x 1.37x 1.29x 1.67x 2.12x 2.03x 2.03x
PEG - 0.4x -0.3x -1x 0x -0.8x 1.3x -2.9x
Capitalization / Revenue 4.07x 3.22x 2.69x 2.68x 3.54x 4.15x 3.99x -
EV / Revenue 0x 0x 0x 0x 0x 4.15x 3.99x -
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.76x 9.22x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.16 3.56 3.84 4.08 4.2 4.359 4.606 4.5
Rate of return 3.52% 4.08% 4.96% 5.3% 3.65% 2.96% 3.13% 3.06%
EPS 2 7.72 9.47 5.6 4.72 11.56 9.1 10.14 9.61
Distribution rate 40.9% 37.6% 68.6% 86.4% 36.3% 47.9% 45.4% 46.8%
Net sales 1 40,138 49,032 51,839 50,142 55,721 59,159 61,473 -
EBITDA - - - - - - - -
EBIT 1 17,229 24,673 24,409 20,994 23,166 25,162 26,628 -
Net income 1 14,049 17,170 10,219 8,316 19,973 15,207 16,221 15,948
Net Debt - - - - - - - -
Reference price 2 89.84 87.19 77.46 76.97 115.16 147.13 147.13 147.13
Nbr of stocks (in thousands) 1,820,149 1,813,220 1,802,041 1,748,117 1,714,267 1,668,830 - -
Announcement Date 02/12/21 01/12/22 30/11/23 05/12/24 04/12/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.17x - - 2.96% 180B
13.71x - - 2.05% 821B
11.79x - - 2.23% 374B
5.89x - - 5.26% 370B
11.19x - - 4.63% 309B
5.87x - - 5.2% 303B
5.89x - - 5.29% 254B
15.86x - - 2.71% 254B
11.36x - - 2.37% 242B
27.84x - - 2.82% 217B
Average 12.56x 3.55% 332.45B
Weighted average by Cap. 12.13x 3.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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