Is Toronto Dominion Stock a Good Investment?

Toronto Dominion Investment Advice

  TD
To provide specific investment advice or recommendations on Toronto Dominion Bank stock, we recommend investors consider the following general factors when evaluating Toronto Dominion Bank. This will help you to make an informed decision on whether to include Toronto Dominion in one of your diversified portfolios:
  • 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
Hold
Our recommendation module provides unbiased trade recommendation that can be used to complement current average analyst sentiment on Toronto Dominion Bank. Our recommendation engine provides an advice for the company potential to grow from the perspective of an investor's risk tolerance and investing horizon. To make sure Toronto Dominion Bank is not overpriced, please validate all Toronto Dominion fundamentals, including its gross profit, earnings per share, net asset, as well as the relationship between the total debt and market capitalization . Given that Toronto Dominion Bank has a number of shares shorted of 17.5 M, we advise you to double-check Toronto Dominion Bank market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your current risk tolerance and investing horizon.

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Very LowDetails

Economic Sensitivity

Follows the market closelyDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails

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 61.0% 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 1.09. The entity last dividend was issued on the 10th of July 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 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 61.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: 1 Magnificent High-Yield Stock Down 33 percent to Buy and Hold Forever

Toronto Dominion Quarterly Liabilities And Stockholders Equity

1.97 Trillion

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
1995-07-310.150.180.0320 
1999-08-19
1999-07-310.280.320.0414 
2000-08-17
2000-07-310.350.40.0514 
2000-02-18
2000-01-310.310.360.0516 
2007-02-22
2007-01-310.540.60.0611 
2004-11-24
2004-10-310.390.450.0615 
2004-02-26
2004-01-310.410.470.0614 
2000-05-18
2000-04-300.350.420.0720 

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
Cibc Global Asset Management Inc2024-03-31
16.1 M
Beutel, Goodman & Company Ltd.2024-03-31
14.4 M
Bank Of America Corp2024-03-31
13.7 M
Legal & General Group Plc2024-03-31
13.3 M
Manufacturers Life Insurance Co2024-03-31
12.6 M
British Columbia Investment Management Corp2024-03-31
12.6 M
Massachusetts Financial Services Company2024-03-31
11.5 M
Scotia Capital Inc2024-03-31
11.5 M
Connor Clark & Lunn Inv Mgmt Ltd2024-03-31
9.9 M
Royal Bank Of Canada2024-03-31
153 M
Bank Of Montreal2024-03-31
106.2 M
Note, although Toronto Dominion's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Toronto Dominion's market capitalization trends

The company currently falls under 'Mega-Cap' category with a market capitalization of 102.5 B.

Market Cap

149.16 Billion

Toronto Dominion's profitablity analysis

Last ReportedProjected 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 
The company has Net Profit Margin (PM) of 0.22 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.31 %, which signifies that for every $100 of sales, it has a net operating income of $0.31.
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.
The data published in Toronto Dominion's official financial statements typically reflect Toronto Dominion's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Toronto Dominion's quantitative information. For example, before you start analyzing numbers published by Toronto accountants, it's essential to understand Toronto Dominion's liquidity, profitability, and earnings quality within the context of the Banks space in which it operates.
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 Other Assets is expected to grow to about 1.5 T, whereas Other Current Assets are forecasted to decline to about 397.1 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 ReportedProjected for Next Year
Book Value Per Share 55.36  58.13 
Tangible Book Value Per Share 44.81  47.05 
Enterprise Value Over EBITDA 25.40  26.66 
Price Book Value Ratio 1.45  1.93 
Enterprise Value Multiple 25.40  26.66 
Price Fair Value 1.45  1.93 
Enterprise Value229.8 B241.3 B
The analysis of Toronto Dominion's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Toronto Dominion's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Toronto Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0516
Forward Dividend Yield
0.0516
Forward Dividend Rate
3
Beta
0.806

Basic technical analysis of Toronto Stock

As of the 21st of July, Toronto Dominion has the Coefficient Of Variation of 1622.15, semi deviation of 1.38, and Risk Adjusted Performance of 0.0442. 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 information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Toronto Dominion is priced more or less accurately, providing market reflects its prevalent price of 57.9 per share. Given that Toronto Dominion Bank has jensen alpha of 0.0198, 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.

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

19th of July 2024
Prospectus used primarily for registering securities for public sale.
ViewVerify
6K
17th of July 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
12th of July 2024
Other Reports
ViewVerify
Toronto Dominion time-series forecasting models is one of many Toronto Dominion's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Toronto Dominion's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

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 Maximum Pain Price across 2024-08-16 Option Contracts

Toronto Dominion's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Toronto Dominion close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Toronto Dominion's options.

Toronto Dominion Corporate Directors

Nadir MohamedIndependent DirectorProfile
Alan MacGibbonIndependent DirectorProfile
David KeplerIndependent DirectorProfile
JeanRene HaldeIndependent DirectorProfile

Additional Information and Resources on Investing in Toronto Stock

When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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
3.96
Earnings Share
4.35
Revenue Per Share
28.687
Quarterly Revenue Growth
(0.01)
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.