This report is for educational purposes only, and not to provide investment advice. Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites. www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Toronto Dominion Bank TSX: TD NYSE: TD www.td.com Fiscal Yr: Oct 31
Year 10/31/06 10/31/07 10/31/08 10/31/09 10/31/10 10/31/11 10/31/12 10/31/13 10/31/14 10/31/15 10/31/16 10/31/17 10/31/18 10/31/19 10/30/20 Value Description #Y Item Total G
Accting Rules C GAAP C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
Int. Inc, other Inc $22,390 $25,209 $25,721 $25,421 $25,409 $27,222 $30,328 $33,800 $36,305 $37,021 $40,952 $45,134 79.04% <-Total Growth 10 Int. Inc, other Inc
Revenue* $13,104 $14,281 $14,669 $17,860 $19,565 $21,594 $23,122 $27,262 $29,961 $31,426 $34,315 $36,149 $36,198 $37,042 $37,042 153.13% <-Total Growth 10 Revenue 79.04%
Increase 10.15% 8.98% 2.72% 21.75% 9.55% 10.37% 7.08% 17.91% 9.90% 4.89% 9.19% 5.34% 0.14% 2.33% 0.00% 9.73% <-IRR #YR-> 10 Revenue 48.82%
5 year Running Average $11,118 $11,960 $12,921 $14,362 $15,896 $17,594 $19,362 $21,881 $24,301 $26,673 $29,217 $31,823 $33,610 $35,026 $36,149 9.35% <-IRR #YR-> 5 Revenue -40.50%
Revenue per Share $9.13 $9.95 $9.05 $10.40 $11.12 $11.96 $12.59 $14.83 $16.23 $16.93 $18.47 $19.62 $19.65 $20.10 $20.10 10.28% <-IRR #YR-> 10 5 yr Running Average -24.47%
Increase 9.29% 8.92% -8.99% 14.85% 6.94% 7.59% 5.23% 17.75% 9.46% 4.32% 9.11% 6.21% 0.14% 2.33% 0.00% 10.45% <-IRR #YR-> 5 5 yr Running Average 166.08%
5 year Running Average $8.19 $8.61 $8.92 $9.38 $9.93 $10.50 $11.03 $12.18 $13.35 $14.51 $15.81 $17.22 $18.18 $18.95 $19.59 7.03% <-IRR #YR-> 10 Revenue per Share 64.36%
P/S (Price/Sales) Med 3.37 3.53 3.51 2.46 3.12 3.28 3.04 2.94 3.24 3.15 2.97 3.39 3.73 9.28% <-IRR #YR-> 5 Revenue per Share -30.41%
P/S (Price/Sales) Close 3.56 3.50 3.14 2.97 3.30 3.14 3.23 3.23 3.42 3.17 3.29 3.74 3.81 3.73 3.73 7.17% <-IRR #YR-> 10 5 yr Running Average 18.62%
*Revenue in M CDN $ (using total revenue) P/S Med 10 yr 3.13 5 yr 3.15 21.65% Diff M/C 9.32% <-IRR #YR-> 5 5 yr Running Average
-$14,281 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,149
-$23,122 $0 $0 $0 $0 $36,149
-$11,960 $0 $0 $0 $0 $0 $0 $0 $0 $0 $31,823
-$19,362 $0 $0 $0 $0 $31,823
-$9.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.62
-$12.59 $0.00 $0.00 $0.00 $0.00 $19.62
-$8.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.22
-$11.03 $0.00 $0.00 $0.00 $0.00 $17.22
Pre-split 1989
Pre-split 1999
Pre-split 2014 $6.39 $5.53 $4.90 $3.47 $5.13 $6.45 $6.81 $6.93
EPS Basic $3.20 $2.77 $2.45 $1.74 $2.57 $3.23 $3.41 $3.47 $4.15 $4.22 $4.38 $5.51 99.28% <-Total Growth 10 EPS Basic
Pre-split 1999
Pre-split 2014 $6.34 $5.48 $4.87 $2.44 $5.10 $6.41 $6.76 $6.91
EPS Diluted* $3.17 $2.74 $2.44 $1.22 $2.55 $3.21 $3.38 $3.46 $4.14 $4.21 $4.67 $5.50 $5.53 $6.93 $6.93 100.73% <-Total Growth 10 EPS Diluted
Increase 98.13% -13.56% -11.13% -49.90% 109.02% 25.69% 5.46% 2.22% 19.83% 1.69% 10.93% 17.77% 0.55% 25.32% 0.00% 7.22% <-IRR #YR-> 10 Earnings per Share 100.73%
Earnings Yield 9.7% 7.9% 8.6% 4.0% 6.9% 8.5% 8.3% 7.2% 7.5% 7.8% 7.7% 7.5% 7.4% 9.3% 9.3% 10.23% <-IRR #YR-> 5 Earnings per Share 62.72%
5 year Running Average $1.42 $1.99 $2.33 $2.23 $2.42 $2.43 $2.56 $2.76 $3.35 $3.68 $3.97 $4.40 $4.81 $5.37 $5.91 8.23% <-IRR #YR-> 10 5 yr Running Average 120.63%
10 year Running Average $1.31 $1.50 $1.65 $1.53 $1.71 $1.92 $2.28 $2.55 $2.79 $3.05 $3.20 $3.48 $3.79 $4.36 $4.80 11.43% <-IRR #YR-> 5 5 yr Running Average 71.81%
* ESP per share Cdn GAAP) E/P 10 Yrs 7.58% 5Yrs 7.50%
-$2.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.50
-$3.38 $0.00 $0.00 $0.00 $0.00 $5.50
-$1.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.40
-$2.56 $0.00 $0.00 $0.00 $0.00 $4.40
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Pre-split 1989
Pre-split 1999
Pre-split 2014 $1.78 $2.11 $2.36 $2.44 $2.44 $2.61 $2.89 $3.24
Dividend* $0.89 $1.06 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $2.35 $2.40 $2.40 $2.40 122.75% <-Total Growth 10 Dividends
Increase 12.66% 18.54% 11.85% 3.39% 0.00% 6.97% 10.73% 12.11% 13.58% 8.70% 8.00% 8.80% 2.13% 0.00% 0.00% Count 42 Years of data
Average Increases 5 Year Running 10.48% 13.64% 15.29% 12.52% 9.29% 8.15% 6.59% 6.64% 8.68% 10.42% 10.62% 10.24% 8.24% 5.52% 3.78% 9.76% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.70 $0.80 $0.92 $1.03 $1.11 $1.20 $1.27 $1.36 $1.49 $1.64 $1.81 $1.99 $2.15 $2.26 $2.34 149.56% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 2.89% 3.00% 3.71% 4.77% 3.52% 3.33% 3.77% 3.71% 3.50% 3.75% 3.93% 3.53% 3.27% 3.71% <-Median-> 10 Dividends
Yield on High Price 2.65% 2.77% 3.15% 3.51% 3.17% 3.02% 3.40% 3.39% 3.18% 3.47% 3.55% 3.20% 3.20% 3.30% <-Median-> 10 Dividends
Yield on Low Price 3.18% 3.28% 4.53% 7.44% 3.95% 3.70% 4.24% 4.11% 3.90% 4.08% 4.41% 3.94% 3.35% 4.09% <-Median-> 10 Dividends
Yield on Close Price 2.73% 3.03% 4.15% 3.96% 3.32% 3.47% 3.56% 3.39% 3.32% 3.73% 3.55% 3.20% 3.20% 3.20% 3.20% 3.51% <-Median-> 10 Dividends
Payout Ratio EPS 28.08% 38.50% 48.46% 100.00% 47.84% 40.72% 42.75% 46.89% 44.44% 47.51% 46.25% 42.73% 43.4% 34.6% 34.6% 46.57% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 49.33% 40.11% 39.48% 45.99% 45.93% 49.22% 49.80% 49.31% 44.41% 44.64% 45.66% 45.37% 44.70% 42.14% 39.61% 45.80% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS -20.00% 37.36% 9.57% 8.50% 66.07% -310.31% 18.89% 9.40% 13.08% 10.52% 9.09% 12.42% 36.70% #DIV/0! #DIV/0! 10.05% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 48.90% -492% 60.50% 17.86% 20.69% 19.33% 17.82% 16.75% 18.40% 14.27% 11.09% 10.72% 13.06% #DIV/0! #DIV/0! 17.84% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 32.89% 30.96% 47.38% 49.51% 38.98% 36.02% 33.36% 36.28% 33.15% 36.87% 33.20% 31.37% 36.70% #DIV/0! #DIV/0! 36.15% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 41.31% 45.82% 51.93% 54.72% 39.20% 39.57% 39.72% 37.81% 35.22% 35.10% 34.50% 33.87% 34.11% #DIV/0! #DIV/0! 38.50% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 5 Yr Med 5 Yr Cl 3.71% 3.39% 5 Yr Med Payout 46.25% 10.52% 33.20% 8.34% <-IRR #YR-> 10 Dividends 92.62%
* Dividends per share 5 Yr Med and Cur. -13.69% -5.41% Last Div Inc ---> $0.51 $0.55 7.8% 10.21% <-IRR #YR-> 5 Dividends 62.63%
Dividends Growth 15 10.03% <-IRR #YR-> 15 Dividends 319.64%
Dividends Growth 20 11.22% <-IRR #YR-> 20 Dividends 739.29%
Dividends Growth 25 10.58% <-IRR #YR-> 25 Dividends 968.18%
Dividends Growth 30 10.83% <-IRR #YR-> 30 Dividends 2086.05%
Dividends Growth 35 10.08% <-IRR #YR-> 35 Dividends 2368.49%
Dividends Growth 40 11.37% <-IRR #YR-> 40 Dividends 7336.71%
Dividends Growth 5 -$1.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 5
Dividends Growth 10 -$1.45 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.35 Dividends Growth 40
Historical Dividends Historical High Div 4.76% Low Div 2.25% Ave Div 3.51% Med Div 3.50% Close Div 3.20% Historical Dividends
High/Ave/Median Values Curr diff Exp. -32.68% 42.41% Exp. -8.58% Exp. -8.45% Cheap 0.04% High/Ave/Median
Historical Dividends 1988 Historical High Div 4.52% Low Div 2.02% Ave Div 3.27% Med Div 3.40% Close Div 3.32% Historical Dividends
Future Dividend Yield Div Yd 5.30% earning in 5 Years at IRR of 10.60% Div Inc. 65.49% Future Dividend Yield
Future Dividend Yield Div Yd 8.78% earning in 10 Years at IRR of 10.60% Div Inc. 173.87% Future Dividend Yield
Future Dividend Yield Div Yd 14.52% earning in 15 Years at IRR of 10.60% Div Inc. 353.24% Future Dividend Yield
I am earning GC Div Gr 471.43% 2/21/00 # yrs -> 17 2000 $17.96 Cap Gain 317.04% I am earning GC
I am earning Div org yield 2.34% 10/31/18 Pension Div G Yrly 9.77% Div start $0.42 -2.34% 13.36% I am earning Div
I am earning GC Div Gr 96.72% 5/1/09 # yrs -> 8 2009 $23.85 Cap Gain 214.05% I am earning GC
I am earning Div org yield 5.12% 10/31/18 RRSP Div G Yrly 7.38% Div start $1.22 -5.12% 10.06% I am earning Div
Yield if held 5 yrs 4.44% 6.01% 6.54% 5.41% 4.62% 4.24% 4.11% 5.10% 7.20% 5.77% 5.51% 6.13% 5.50% 4.57% 4.50% 5.46% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 13.69% 11.41% 8.54% 7.93% 6.55% 6.52% 8.23% 8.97% 8.16% 7.57% 7.02% 6.69% 7.55% 9.39% 6.92% 7.75% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 14.57% 23.28% 22.21% 22.95% 23.02% 20.08% 15.62% 11.73% 11.97% 10.74% 10.79% 13.39% 13.29% 10.64% 9.08% 14.51% <-Median-> 10 Paid Median Price
Yield if held 20 yrs 29.66% 30.07% 30.45% 23.85% 21.42% 21.36% 31.88% 30.49% 34.62% 37.74% 33.23% 25.41% 17.38% 15.61% 12.89% 30.47% <-Median-> 10 Paid Median Price
Yield if held 25 yrs 51.01% 62.97% 46.48% 43.49% 41.19% 41.81% 35.97% 35.12% 35.35% 51.85% 45.17% 45.16% 45.29% 42.65% <-Median-> 10 Paid Median Price
Yield if held 30 yrs 70.04% 94.97% 76.19% 71.99% 66.99% 61.94% 46.92% 42.14% 71.99% <-Median-> 5 Paid Median Price
Yield if held 35 yrs 103.76% 123.87% 91.43% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 17.48% 22.77% 25.45% 22.77% 21.06% 19.43% 18.14% 21.43% 29.05% 23.67% 23.11% 26.02% 24.64% 21.52% 21.96% 22.94% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 84.23% 67.57% 51.40% 51.77% 46.82% 47.35% 59.07% 63.18% 55.72% 52.13% 48.88% 46.52% 55.25% 73.28% 57.44% 51.59% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 106.63% 162.82% 157.52% 176.86% 196.27% 176.23% 136.43% 100.71% 100.10% 90.90% 92.62% 115.89% 122.73% 105.88% 96.44% 126.16% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 243.53% 235.31% 240.19% 202.35% 199.82% 204.50% 303.36% 285.67% 316.65% 351.21% 315.69% 244.22% 178.53% 173.66% 153.77% 264.95% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 425.46% 566.00% 460.48% 442.82% 416.89% 415.94% 347.61% 343.99% 352.86% 523.33% 487.98% 529.44% 572.21% 421.18% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 719.87% 949.48% 773.24% 744.93% 701.09% 693.35% 568.72% 549.60% 744.93% <-Median-> 5 Paid Median Price
Cost covered if held 35 years 1184.61% 1533.23% 1219.33% #NUM! <-Median-> 0 Paid Median Price
Graham No. $30.90 $30.02 $31.74 $23.76 $35.62 $41.67 $42.75 $44.61 $51.46 $56.57 $62.09 $68.47 $68.66 $76.86 $76.86 128.13% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.00 1.17 1.00 1.08 0.97 0.94 0.90 0.98 1.02 0.94 0.88 0.97 1.07 0.97 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.09 1.27 1.18 1.46 1.08 1.04 1.00 1.07 1.13 1.02 0.98 1.07 1.09 1.07 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.91 1.07 0.82 0.69 0.87 0.85 0.80 0.88 0.92 0.87 0.79 0.87 1.04 0.86 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.05 1.16 0.90 1.30 1.03 0.90 0.95 1.07 1.08 0.95 0.98 1.07 1.09 0.97 0.97 1.01 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 5.34% 16.16% -10.34% 29.80% 3.10% -9.73% -4.99% 7.20% 7.80% -5.12% -1.99% 7.15% 9.09% -2.55% -2.55% 0.56% <-Median-> 10 Graham Price
Month, Year Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Month, Year
Pre-split 2014 $69.72 $69.50 $43.45 $65.96 $74.25 $76.29 $83.75 $100.11
Price Close $34.86 $34.75 $21.73 $32.98 $37.13 $38.15 $41.88 $50.06 $55.51 $54.24 $66.22 $73.65 $74.90 $74.90 $74.90 111.94% <-Total Growth 10 Stock Price
Increase 14.05% -0.32% -37.48% 51.81% 12.57% 2.75% 9.78% 19.53% 10.90% -2.29% 22.09% 11.22% 1.70% 0.00% 0.00% 7.80% <-IRR #YR-> 10 Stock Price 111.94%
P/E 11.00 12.68 8.92 27.03 14.56 11.90 12.39 14.49 13.41 12.88 14.18 13.39 13.54 10.81 10.81 11.96% <-IRR #YR-> 5 Stock Price 75.88%
Trailing P/E 21.79 10.96 7.93 13.54 30.43 14.96 13.07 14.81 16.07 13.10 15.73 15.77 13.62 13.54 10.81 11.05% <-IRR #YR-> 10 Price & Dividend 162.00%
Median 10, 5 Yrs D. per yr 3.25% 3.78% % Tot Ret 29.42% 24.00% Price Inc 11.22% P/E: 13.40 13.41 15.73% <-IRR #YR-> 5 Price & Dividend 125.78%
Price & Dividend 15 14.00% <-IRR #YR-> 15 Price & Dividend 435.40%
Price & Dividend 20 12.05% <-IRR #YR-> 20 Price & Dividend 617.62%
Price & Dividend 25 20.62% <-IRR #YR-> 25 Price & Dividend 2245.19%
Price & Dividend 30 14.43% <-IRR #YR-> 30 Price & Dividend 2710.07%
Price & Dividend 35 15.82% <-IRR #YR-> 35 Price & Dividend 6945.79%
17.65% <-IRR #YR-> 40 Price & Dividend 19822.71%
Price 5 -$34.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $73.65 Price 5
Price 10 -$41.88 $0.00 $0.00 $0.00 $0.00 $73.65 Price 10
Price & Dividend 5 -$34.75 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 5
Price & Dividend 10 -$41.88 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 10
Price & Dividend 15 $0.89 $1.06 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 15
Price & Dividend 20 $0.89 $1.06 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 20
Price & Dividend 25 $1.78 $2.11 $2.36 $2.44 $2.44 $2.61 $2.89 $3.24 $0.00 $0.00 $0.00 $76.00 Price & Dividend 25
Price & Dividend 30 $0.89 $1.06 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 30
Price & Dividend 35 $0.89 $1.06 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 35
Price & Dividend 40 $0.89 $1.06 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $76.00 Price & Dividend 40
Month, Year Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Month, Year
Pre-split 1989
Pre-split 1999
Pre-split 2014 $65.10 $69.73 $56.92 $61.68 $73.45 $75.23 $81.23 $95.64 $95.64
Price Close $32.55 $34.87 $28.46 $30.84 $36.73 $37.62 $40.62 $47.82 $55.47 $53.68 $60.86 $73.37 $74.90 $74.90 $74.90 110.44% <-Total Growth 10 Stock Price
Increase 18.36% 7.11% -18.37% 8.36% 19.08% 2.42% 7.98% 17.74% 16.00% -3.23% 13.38% 20.56% 2.09% 0.00% 0.00% 7.72% <-IRR #YR-> 10 Stock Price 110.44%
P/E 10.27 12.72 11.69 25.28 14.40 11.74 12.02 13.84 13.40 12.75 13.03 13.34 13.54 10.81 10.81 12.56% <-IRR #YR-> 5 Stock Price 80.65%
Trailing P/E 20.34 11.00 10.39 12.67 30.10 14.75 12.67 14.15 16.05 12.97 14.46 15.71 13.62 13.54 10.81 10.97% <-IRR #YR-> 10 Price & Dividend 160.33%
Median 10, 5 Yrs D. per yr 3.25% 3.85% % Tot Ret 29.62% 23.49% Price Inc 16.00% P/E: 13.19 13.34 16.41% <-IRR #YR-> 5 Price & Dividend 108.75%
-$34.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $73.37
-$40.62 $0.00 $0.00 $0.00 $0.00 $73.37
-$34.87 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $75.72
-$40.62 $1.62 $1.84 $2.00 $2.16 $75.72
Price Median H/L $30.78 $35.13 $31.79 $25.57 $34.68 $39.22 $38.32 $43.64 $52.55 $53.32 $54.94 $66.53 $73.38 89.40% <-Total Growth 10 Stock Price
Increase 16.48% 14.12% -9.51% -19.55% 35.61% 13.10% -2.31% 13.88% 20.43% 1.47% 3.04% 21.09% 10.30% 6.60% <-IRR #YR-> 10 Stock Price 89.40%
P/E 9.71 12.82 13.05 20.96 13.60 12.24 11.34 12.63 12.69 12.67 11.76 12.10 13.27 11.67% <-IRR #YR-> 5 Stock Price 73.62%
Trailing P/E 19.24 11.08 11.60 10.50 28.43 15.38 11.96 12.91 15.21 12.88 13.05 14.25 13.34 9.97% <-IRR #YR-> 10 Price & Dividend 138.92%
P/E on Run. 5 yr Ave 21.69 17.63 13.65 11.45 14.31 16.14 14.98 15.80 15.71 14.50 13.84 15.14 15.25 15.81% <-IRR #YR-> 5 Price & Dividend 103.41%
P/E on Run. 10 yr Ave 23.45 23.45 19.25 16.74 20.32 20.38 16.84 17.15 18.84 17.48 17.17 19.14 19.38 11.34 P/E Ratio Historical Median
Median 10, 5 Yrs D. per yr 3.38% 4.15% % Tot Ret 33.87% 26.23% Price Inc 13.88% P/E: 12.65 12.63 Count 34 Years of data
-$35.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $66.53
-$38.32 $0.00 $0.00 $0.00 $0.00 $66.53
-$35.13 $1.18 $1.22 $1.22 $1.31 $1.45 $1.62 $1.84 $2.00 $2.16 $68.88
-$38.32 $1.62 $1.84 $2.00 $2.16 $68.88
High Months Oct Sep Nov 07 Oct 09 Apr 10 Mar 11 Mar 12 Oct 13 Aug 14 Nov 14 Oct 16 Oct 17 Nov 17
Pre-split 1989
Pre-split 1999
Pre-split 2014 $67.18 $76.26 $75.00 $69.49 $76.97 $86.40 $85.09 $95.64 $95.64
Price High $33.59 $38.13 $37.50 $34.75 $38.49 $43.20 $42.55 $47.82 $57.90 $57.62 $60.86 $73.34 $75.05 92.34% <-Total Growth 10 Stock Price
Increase 14.39% 13.52% -1.65% -7.35% 10.76% 12.25% -1.52% 12.40% 21.08% -0.48% 5.62% 20.51% 2.33% 6.76% <-IRR #YR-> 11 Stock Price 92.34%
P/E 10.60 13.92 15.40 28.48 15.09 13.48 12.59 13.84 13.99 13.69 13.03 13.33 13.57 11.51% <-IRR #YR-> 5 Stock Price 72.38%
Trailing P/E 20.99 12.03 13.69 14.27 31.55 16.94 13.27 14.15 16.76 13.92 14.46 15.70 13.65 13.92 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 12.40% P/E: 13.76 13.69 15.34 P/E Ratio Historical High
-$38.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $73.34
-$42.55 $0.00 $0.00 $0.00 $0.00 $73.34
Low Months Nov Aug Oct 08 Feb 09 Jan 10 Sep 11 Nov 11 Nov 12 Dec 13 Aug 15 Feb 16 Nov 16 Dec 17
Pre-split 1989
Pre-split 1999
Pre-split 2014 $55.94 $64.24 $52.14 $32.80 $61.75 $70.49 $68.18 $78.90 $78.90 $78.90 $78.90
Price Low $27.97 $32.12 $26.07 $16.40 $30.88 $35.25 $34.09 $39.45 $47.20 $49.02 $49.02 $59.71 $71.70 85.90% <-Total Growth 10 Stock Price
Increase 19.10% 14.84% -18.84% -37.09% 88.26% 14.15% -3.28% 15.72% 19.65% 3.86% 0.00% 21.81% 20.08% 6.40% <-IRR #YR-> 10 Stock Price 85.90%
P/E 8.82 11.72 10.71 13.44 12.11 11.00 10.09 11.42 11.40 11.64 10.50 10.86 12.97 11.86% <-IRR #YR-> 5 Stock Price 75.15%
Trailing P/E 17.48 10.13 9.51 6.74 25.31 13.82 10.64 11.67 13.66 11.84 11.64 12.79 13.04 11.40 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 15.72% P/E: 11.20 11.40 3.79 P/E Ratio Historical Low
-$32.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.71
-$34.09 $0.00 $0.00 $0.00 $0.00 $59.71
Long Term Debt $695,576 $773,660 $832,824 Deposits Debt
Change 11.23% 7.65% 9.44% <-Median-> 2 Change
Debt/Market Cap Ratio 6.98 6.84 6.16 6.84 <-Median-> 3 Debt/Market Cap Ratio
Goodwill & Intangibles $14,460 $14,376 $12,311 $15,790 $16,913 $19,008 $19,301 $18,774 Intangibles Goodwill
Change -0.58% -14.36% 28.26% 7.11% 12.39% 1.54% -2.73% 1.54% <-Median-> 7 Change
Intangible/Market Cap Ratio 0.22 0.21 0.17 0.18 0.17 0.19 0.17 0.14 0.18 <-Median-> 8 Intangible/Market Cap Ratio
Market Cap $46,703 $50,052 $46,111 $52,971 $64,614 $67,888 $74,585 $87,931 $102,409 $99,641 $113,054 $135,184 $138,003 $138,003 $138,003 170.09% <-Total Growth 10 Market Cap
Pre-split 2014 723.0 725.5 775.7 850.1 872.1 902.9 914.9 922.5
Diluted # of Shares in Million 1,446.0 1,451.0 1,551.4 1,700.2 1,744.2 1,805.8 1,829.8 1,845.0 1,845.3 1,854.1 1,856.8 1,854.8 27.83% <-Total Growth 10 Diluted
Change 3.75% 0.35% 6.92% 9.59% 2.59% 3.53% 1.33% 0.83% 0.02% 0.48% 0.15% -0.11% 1.08% <-Median-> 10 Change
Pre-split 2014 716.8 718.6 769.6 847.1 867.100 885.7 906.6 918.9
Average # of Shares in Million 1,433.6 1,437.2 1,539.2 1,694.2 1,734.2 1,771.4 1,813.2 1,837.8 1,839.1 1,849.2 1,853.4 1,850.6 28.76% <-Total Growth 10 Average
Change 3.69% 0.25% 7.10% 10.07% 2.36% 2.15% 2.36% 1.36% 0.07% 0.55% 0.23% -0.15% 1.75% <-Median-> 10 Change
Difference 0.1% -0.1% 5.3% 1.4% 1.5% 1.9% 1.3% 0.1% 0.4% 0.4% 0.2% -0.4% 0.83% <-Median-> 10 Difference
Pre-split 1989
Pre-split 1999 purchase
Pre-split 2014 717.400 717.800 810.100 858.800 879.7 902.4 918.2 919.4
# of Share in Millions 1,434.8 1,435.6 1,620.2 1,717.6 1,759.4 1,804.8 1,836.4 1,838.8 1,846.2 1,856.2 1,857.6 1,842.5 1,842.5 1,842.5 1,842.5 2.53% <-IRR #YR-> 10 Shares 28.34%
Change 0.79% 0.06% 12.86% 6.01% 2.43% 2.58% 1.75% 0.13% 0.40% 0.54% 0.08% -0.81% 0.00% 0.00% 0.00% 0.07% <-IRR #YR-> 5 Shares 0.33%
Cash Flow from Operations $M -$6,386 $4,054 $19,982 $24,643 $3,249 -$759 $14,046 $31,695 $25,967 $35,273 $44,125 $34,870 $12,050 760.14% <-Total Growth 10 Cash Flow
Increase -221.36% 163.48% 392.90% 23.33% -86.82% -123.36% 1950.59% 125.65% -18.07% 35.84% 25.10% -20.97% -65.44% SO, DRIP Buy Backs S. Issues
5 year Running Average $1,806 -$169 $2,796 $9,511 $9,108 $10,234 $12,232 $14,575 $14,840 $21,244 $30,221 $34,386 $30,457 20398.70% <-Total Growth 10 CF 5 Yr Running
CFPS -$4.45 $2.82 $12.33 $14.35 $1.85 -$0.42 $7.65 $17.24 $14.07 $19.00 $23.75 $18.93 $6.54 570.18% <-Total Growth 10 Cash Flow per Share
Increase -220.41% 163.45% 336.74% 16.33% -87.13% -122.77% 1918.75% 125.36% -18.40% 35.11% 25.00% -20.33% -65.44% 24.01% <-IRR #YR-> 10 Cash Flow 760.14%
5 year Running Average $1.43 -$0.16 $1.52 $5.75 $5.38 $6.19 $7.15 $8.13 $8.08 $11.51 $16.34 $18.60 $16.46 19.94% <-IRR #YR-> 5 Cash Flow 148.26%
P/CF on Med Price -6.92 12.44 2.58 1.78 18.78 -93.27 5.01 2.53 3.74 2.81 2.31 3.52 11.22 20.95% <-IRR #YR-> 10 Cash Flow per Share 570.18%
P/CF on Closing Price -7.31 12.35 2.31 2.15 19.89 -89.44 5.31 2.77 3.94 2.82 2.56 3.88 11.45 19.86% <-IRR #YR-> 5 Cash Flow per Share 147.43%
325.50% Diff M/C #NUM! <-IRR #YR-> 10 CFPS 5 yr Running 11550.74%
Excl.Working Capital CF $10,268 $838 -$15,947 -$20,411 $2,257.0 $7,297 -$6,092 -$23,485 -$15,721 -$25,205 -$32,039 -$21,067 $0 21.06% <-IRR #YR-> 5 CFPS 5 yr Running 160.06%
CF fr Op $M WC $3,882 $4,892 $4,035 $4,232 $5,506 $6,538 $7,954 $8,210 $10,246 $10,068 $12,086 $13,803 $12,050 182.15% <-Total Growth 10 Cash Flow less WC
Increase 261.95% 26.02% -17.52% 4.88% 30.10% 18.74% 21.66% 3.22% 24.80% -1.74% 20.04% 14.21% -12.70% 10.93% <-IRR #YR-> 10 Cash Flow less WC 182.15%
5 year Running Average $2,239 $2,401 $2,588 $2,929 $4,509 $5,041 $5,653 $6,488 $7,691 $8,603 $9,713 $10,883 $11,651 11.65% <-IRR #YR-> 5 Cash Flow less WC 73.54%
CFPS Excl. WC $2.71 $3.41 $2.49 $2.46 $3.13 $3.62 $4.33 $4.46 $5.55 $5.42 $6.51 $7.49 $6.54 16.31% <-IRR #YR-> 10 CF less WC 5 Yr Run 353.25%
Increase 260.69% 25.95% -26.92% -1.07% 27.01% 15.76% 19.56% 3.08% 24.30% -2.27% 19.95% 15.14% -12.70% 14.00% <-IRR #YR-> 5 CF less WC 5 Yr Run 92.51%
5 year Running Average $1.69 $1.74 $1.77 $1.88 $2.84 $3.02 $3.21 $3.60 $4.22 $4.68 $5.26 $5.89 $6.30 8.20% <-IRR #YR-> 10 CFPS - Less WC 119.84%
P/CF on Med Price 11.38 10.31 12.76 10.38 11.08 10.83 8.85 9.77 9.47 9.83 8.44 8.88 11.22 11.58% <-IRR #YR-> 5 CFPS - Less WC 72.96%
P/CF on Closing Price 12.03 10.23 11.43 12.52 11.74 10.38 9.38 10.71 9.99 9.90 9.35 9.79 11.45 12.94% <-IRR #YR-> 10 CFPS 5 yr Running 237.63%
*Operational Cash Flow per share CF/CF-WC P/CF Med 10 yr 2.69 5 yr 2.81 P/CF Med 10 yr 9.80 5 yr 9.47 16.84% Diff M/C 12.91% <-IRR #YR-> 5 CFPS 5 yr Running 83.54%
-$2.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.93 Cash Flow per Share
-$7.65 $0.00 $0.00 $0.00 $0.00 $18.93 Cash Flow per Share
$0.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.60 CFPS 5 yr Running
-$7.15 $0.00 $0.00 $0.00 $0.00 $18.60 CFPS 5 yr Running
-$4,892 $0 $0 $0 $0 $0 $0 $0 $0 $0 $13,803 Cash Flow less WC
-$7,954 $0 $0 $0 $0 $13,803 Cash Flow less WC
-$2,401 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,883 CF less WC 5 Yr Run
-$5,653 $0 $0 $0 $0 $10,883 CF less WC 5 Yr Run
-$3.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.49 CFPS - Less WC
-$4.33 $0.00 $0.00 $0.00 $0.00 $7.49 CFPS - Less WC
-$1.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.89 CFPS 5 yr Running
-$3.21 $0.00 $0.00 $0.00 $0.00 $5.89 CFPS 5 yr Running
Changes in operating assets and liabilities
Interest receivable and payable -$146 -$296 $27 $224 $20 -$188 $236 -$425 -$204 -$294 $7 -$283
Securities sold short $9,818 $8,394 -$2,364 -$662 -$5,688 $2,367
Trading loans and securities -$11,707 -$2,167 $26,302 $5,043 -$5,222 -$8,737 -$21,178 -$7,397 $767 $6,016 -$4,100 -$4,661
Loans net of securitization and sales -$26,319 -$33,820 -$33,717 -$63,947 -$44,351 -$22,332
Deposits $47,487 $64,541 $72,059 $108,446 $81,885 $40,150
Derivatives $5,806 -$8,207 -$44,630 $33,880 -$2,230 -$8,745 $2,208 -$4,068 -$4,597 -$7,633 $5,403 $1,836
-$4,161 $9,691 $32,852 -$26,137 $5,533
Financial assets and liabilities designated at fair value through profit or loss -$1,952 -$364 $1,783 $371 $96 $245
Securitization liabilities $9,532 -$2,265 -$3,962 -$11,394 -$2,429 -$3,321 -$1,575
Other -$252 -$736 $2,859 $2,781 -$2,498 $366 -$2,069 $128 -$7,996 -$16,267 -$168 $3,436
Income taxes paid/payable $88 $558 -$2,857 $1,703 $590 -$597 -$1,296 -$869
Provision for credit losses $409 $645 $1,063 $2,480 $1,625 $1,465 $1,795 $1,631 $1,557 $1,683 $2,330 $2,216
Net securities losses (gains) -$305 -$326 $331 $437 -$75 -$393 -$373 -$304 -$173 -$79 -$54 -$128
Dilution Gains -$204
                       
Sum -$10,268 -$838 $15,947 $20,411 -$2,257 -$7,297 $6,092 $23,485 $15,721 $25,205 $32,039 $21,067
Google $25,205 $32,039 $21,067
Difference $0 $0 $0
OPM 34.96% 27.85% 25.73% 16.53% 22.74% 26.44% 26.69% 23.37% 25.48% 24.86% 25.30% 27.69% 7.63% <-Total Growth 10 OPM
Increase 86.59% -20.34% -7.61% -35.73% 37.56% 16.24% 0.95% -12.42% 9.00% -2.41% 1.74% 9.47% should be zero, it is a check on calculations
Diff from Ave. 37.7% 9.7% 1.3% -34.9% -10.4% 4.1% 5.1% -7.9% 0.4% -2.1% -0.4% 9.1% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (Net Income/Revenue) Ratio for banks OPM 10 Yrs 25.39% 5 Yrs 25.30% Should increase or be stable.
Current Assets $24,111 $24,528 $32,436 $46,554 $45,637 $57,621 $55,156 Liquidity ratio of 1.5 and up, best
Current Liabilities $18,235 $14,338 $18,039 $20,482 $36,887 $37,553 $53,313 1.53 <-Median-> 7 Ratio
Liquidity Ratio 1.32 1.71 1.80 2.27 1.24 1.53 1.03 1.53 <-Median-> 5 Ratio
Liq. with CF aft div 1.17 2.51 3.39 3.37 2.09 2.60 1.61 2.60 <-Median-> 5 Ratio
Liq. CF re Inv+Div 0.35 0.93 1.60 1.28 0.92 1.56 0.71 1.28 <-Median-> 5 Ratio
Banks usually have a ratio of 1.04 or 1.05
Assets $392,914 $422,124 $563,214 $557,219 $619,545 $686,360 $811,100 $862,532 $944,742 $1,104,373 $1,176,967 $1,278,995 Debt Ratio of 1.5 and up, best
Liabilities $373,282 $400,720 $531,540 $518,499 $575,760 $638,025 $762,100 $810,559 $888,511 $1,037,345 $1,102,753 $1,203,805 1.06 <-Median-> 10 Ratio
Debt Ratio 1.05 1.05 1.06 1.07 1.08 1.08 1.06 1.06 1.06 1.06 1.07 1.06 1.06 <-Median-> 5 Ratio
Total Book Value $19,632 $21,404 $31,674 $38,720 $43,785 $48,335 $49,000 $51,973 $56,231 $67,028 $74,214 $75,190 251.29% <-Total Growth 10 Book Value
NCI $1,483 $1,483 $1,477 $1,508 $1,549 $1,610 $1,650 $983 NCI
Sharerholders Equity $19,632 $21,404 $31,674 $38,720 $42,302 $46,852 $47,523 $50,465 $54,682 $65,418 $72,564 $74,207 $74,207 $74,207 $74,207 246.70% <-Total Growth 10 Book Value
Preferred Shares $425 $425 $1,875 $3,395 $3,394 $3,394 $3,395 $3,397 $2,200 $2,700 $4,400 $4,400 $4,400 $4,400 $4,400 Preferred Shares
Book Value $19,207 $20,979 $29,799 $35,325 $38,908 $43,458 $44,128 $47,068 $52,482 $62,718 $68,164 $69,807 $69,807 $69,807 $69,807 232.75% <-Total Growth 10 Book Value
Book Value per Share $13.39 $14.61 $18.39 $20.57 $22.11 $24.08 $24.03 $25.60 $28.43 $33.79 $36.69 $37.89 $37.89 $37.89 $37.89 159.26% <-Total Growth 10 Book Value per Share
Change 20.11% 9.16% 25.86% 11.82% 7.53% 8.88% -0.21% 6.52% 11.06% 18.86% 8.60% 3.25% 0.00% 0.00% 0.00% 11.73% P/B Ratio Current/Historical Median
P/BV (Median) 2.30 2.40 1.73 1.24 1.57 1.63 1.59 1.70 1.85 1.58 1.50 1.76 1.77 P/B Ratio Historical Median
P/BV (Close) 2.43 2.39 1.55 1.50 1.66 1.56 1.69 1.87 1.95 1.59 1.66 1.94 1.98 1.98 1.98 10.00% <-IRR #YR-> 10 Book Value per Share 159.26%
Change -1.46% -1.88% -35.14% -3.09% 10.75% -5.93% 8.20% 10.53% 4.45% -18.58% 4.40% 16.76% 2.09% 0.00% 0.00% 9.53% <-IRR #YR-> 5 Book Value per Share 57.67%
Leverage (A/BK) 20.01 19.72 17.78 14.39 14.15 14.20 16.55 16.60 16.80 16.48 15.86 17.01 16.51 <-Median-> 10 A/BV
Debt/Equity Ratio 19.01 18.72 16.78 13.39 13.15 13.20 15.55 15.60 15.80 15.48 14.86 16.01 15.51 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.61 5 yr Med 1.70 22.66% Diff M/C 19.05 Historical 22 A/BV
-$14.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $37.89
-$24.03 $0.00 $0.00 $0.00 $0.00 $37.89
Comprehensive Income $4,892 $4,634 $5,420 $6,790 $6,183 $9,202 $13,697 $9,679 $7,014 43.38% <-Total Growth 8 Comprehensive Income
Preferred Shareholders $196 $185 $143 $99 $115 $193 Preferred Shareholders
NCI $167 $194 $180 $104 $105 $107 $112 $141 $121 -27.54% <-Total Growth 8 NCI
Shareholders $4,381 $2,818 $3,855 $4,725 $4,440 $5,240 $6,490 $5,893 $8,952 $13,486 $9,423 $6,700 73.80% <-Total Growth 10 Comprehensive Income
Increase -35.68% 36.80% 22.57% -6.03% 18.02% 23.85% -9.20% 51.91% 50.65% -30.13% -28.90% -9.2% <-Median-> 5 Comprehensive Income
5 Yr Running Average $4,044 $4,216 $4,950 $5,358 $6,203 $8,012 $8,849 $8,891 9.05% <-IRR #YR-> 10 Comprehensive Income 137.76%
ROE 22.8% 13.4% 12.9% 13.4% 11.4% 12.1% 14.7% 12.5% 17.1% 21.5% 13.8% 9.6% 0.64% <-IRR #YR-> 5 Comprehensive Income 3.24%
5Yr Median 13.4% 12.9% 12.9% 12.5% 12.5% 14.7% 14.7% 13.8% 11.91% <-IRR #YR-> 7 5 Yr Running Average #DIV/0!
% Difference from NI -0.2% -8.2% 5.2% -7.5% 17.3% 72.6% 8.6% -33.1% 12.43% <-IRR #YR-> 5 5 Yr Running Average 79.61%
Median Values Diff 5, 10 yr 2.5% 8.6% 13.8% <-Median-> 5 Return on Equity
-$2,818 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,700
-$6,490 $0 $0 $0 $0 $6,700
-$4,044 $0 $0 $0 $0 $0 $0 $8,891
-$4,950 $0 $0 $0 $0 $8,891
Current Liability Coverage Ratio 0.36 0.55 0.46 0.50 0.27 0.32 0.26 CFO / Current Liabilities
5 year Median 0.46 0.46 0.32 0.32 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 0.99% 1.16% 0.72% 0.76% 0.89% 0.95% 0.98% 0.95% 1.08% 0.91% 1.03% 1.08% CFO / Total Assets
5 year Median 0.99% 0.99% 0.81% 0.76% 0.89% 0.89% 0.89% 0.95% 0.95% 0.95% 0.98% 1.03% 1.0% <-Median-> 5 Return on Assets
Return on Assets ROA 1.2% 0.9% 0.7% 0.5% 0.7% 0.8% 0.8% 0.7% 0.8% 0.7% 0.7% 0.8% Net Income/Assets Return on Assets
5Yr Median 0.6% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.8% 0.8% 0.7% 0.7% 0.7% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 23.9% 19.0% 12.7% 8.4% 11.4% 13.1% 14.0% 13.5% 14.5% 12.5% 12.7% 14.3% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 14.0% 16.0% 16.0% 14.0% 12.7% 12.7% 12.7% 13.1% 13.5% 13.5% 13.5% 13.5% 13.5% <-Median-> 5 Return on Equity
Net Income $3,231 $4,750 $5,993 $6,471 $6,662 $7,883 $8,024 $8,936 $10,324 117.35% <-Total Growth 8 Net Income
Preferred Shareholders $111 $106 $104 $196 $185 $143 $99 $141 $193 Preferred Shareholders
NCI $167 $194 $180 $104 $105 $107 $112 $115 $121 -37.63% <-Total Growth 8 NCI
Shareholders $4,581 $3,977 $3,774 $2,953 $4,450 $5,709 $6,171 $6,372 $7,633 $7,813 $8,680 $10,010 151.70% <-Total Growth 10 Net Income
Increase 105.52% -13.18% -5.10% -21.75% 50.69% 28.29% 8.09% 3.26% 19.79% 2.36% 11.10% 15.32% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $1,974 $2,802 $3,359 $3,503 $3,947 $4,173 $4,611 $5,131 $6,067 $6,740 $7,334 $8,102 9.67% <-IRR #YR-> 10 Net Income 151.70%
Operating Cash Flow -$6,386 $4,054 $19,982 $24,643 $3,249 -$759 $14,046 $31,695 $25,967 $35,273 $44,125 $34,870 10.16% <-IRR #YR-> 5 Net Income 62.21%
Investment Cash Flow -$12,459 -$13,866 -$70,913 -$36,611 -$42,785 -$48,479 -$24,490 -$20,098 -$33,475 -$47,077 -$24,972 -$67,311 11.20% <-IRR #YR-> 10 5 Yr Running Ave. 189.18%
Total Accruals $23,426 $13,789 $54,705 $14,921 $43,986 $54,947 $16,615 -$5,225 $15,141 $19,617 -$10,473 $42,451 11.93% <-IRR #YR-> 5 5 Yr Running Ave. 75.69%
Total Assets $392,914 $422,124 $563,214 $557,219 $619,545 $686,360 $811,100 $862,532 $944,742 $1,104,373 $1,176,967 $1,278,995 Balance Sheet Assets
Accruals Ratio 5.96% 3.27% 9.71% 2.68% 7.10% 8.01% 2.05% -0.61% 1.60% 1.78% -0.89% 3.32% 1.60% <-Median-> 5 Ratio
EPS/CF Ratio 1.17 0.80 0.98 0.50 0.81 0.88 0.78 0.77 0.75 0.78 0.72 0.73 0.78 <-Median-> 10 EPS/CF Ratio
-$3,977 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,010
-$6,171 $0 $0 $0 $0 $10,010
-$2,802 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,102
-$4,611 $0 $0 $0 $0 $8,102
Change in Close 18.4% 7.1% -18.4% 8.4% 19.1% 2.4% 8.0% 17.7% 16.0% -3.2% 13.4% 20.6% 2.1% 0.0% 0.0% Count 36 Years of data
up/down dwon down down down Count 8 22.22%
Meet Prediction? % right Count 2 25.00%
Financial Cash Flow $19,231 $9,754 $51,398 $12,213 $39,779 $49,798 $10,780 -$11,489 $6,565 $11,916 -$18,451 $32,599 C F Statement Financial Cash Flow
Total Accruals $4,195 $4,035 $3,307 $2,708 $4,207 $5,149 $5,835 $6,264 $8,576 $7,701 $7,978 $9,852 Accruals
Accruals Ratio 1.1% 1.0% 0.6% 0.5% 0.7% 0.8% 0.7% 0.7% 0.9% 0.7% 0.7% 0.8% 0.73% <-Median-> 5 Ratio
Net Cash Flow $386 $58 $467 $245 $243 $560 $336 $108 $943 $112 $702 $158 Net Cash Flow
Per share $0.27 $0.04 $0.29 $0.14 $0.14 $0.31 $0.18 $0.06 $0.51 $0.06 $0.38 $0.09 Per share
5 yr Running $0.03 $0.04 $0.14 $0.17 $0.16 $0.17 $0.21 $0.17 $0.04 $0.02 $0.03 $0.01 5 yr Running
Cash $2,414 $2,574 $3,096 $6,430 $3,581 $2,781 $3,154 $3,907 $3,971 Cash
Cash per Share $1.41 $1.46 $1.72 $3.50 $1.95 $1.51 $1.70 $2.10 $2.16 $1.95 <-Median-> 5 Cash per Share
Percentage of Stock Price 4.56% 3.98% 4.56% 8.62% 4.07% 2.72% 3.17% 3.46% 2.94% 3.17% <-Median-> 5 % of Stock Price
Notes:
January 7, 2018. Last estimates were for 2017, 2018 and 2019 of $34550M, $36198M and $37042M for Revenue, $5.16, $5.53 and $6.93 for EPS,
$5.36 and $6.54 for CFPS for 2016 and 2017, and $9369M for Net Income for 2017.
January 14, 2017. Last estimates were for 2016, 2017 and 2018 of $31997M, $33730M and $34869M for Revenue, $4.75, $5.07 and $5.92 for EPS,
$5.36, $5.76 and $6.34 for CFPS and $8741M and $9369M for Net Income for 2016 and 2017.
January 10, 2016. Last estimates were for 2016, 2017 and 2018 of 29630M, 31581M and $32010M for Revenue, $4.45, $4.80 and 5.28 for EPS, $4.99, $5.39 and $5.55 for CFPS and $8266M, $8924M and $9592M for net income.
January 10, 2015. Last estimates were for 2014, 2015 and 2016 of $28500M, $30075M and $60414M for Revenue, $8.37, $9.14 and $9.63 for EPS, $4.67, $4.99
and $4.93 for CFPS and $7701M, $8398M and $8874M for net income.
January 9, 2014. Last estimtes were for 2013 and 2014 of $24229M and $26370M for Revenue and $7.81 and $8.72 for EPS and $9.54 for CFPS for 2013.
January 01, 2013. Last estimates were for 2012 and 2013 at $23051M and 24374M for Revenue, $7.06 and $7.80 for EPS and $8.72 and $9.54 for CFPS.
Dec 16, 2011. Last Estimates were $6.48 and $7.25 for EPS and $7.70 and $10 for CF
Feb 24, 2011. Check unaudited figures I got previous against audited statements received. There were no changes. However, I got the net income figures from wrong column and I have fixed that.
I got changes in working capital or current assets and liabilities from Globe site.
Dec 06, 2011. when I last looked I got estimates for 2010 and 2011 of $5.45 and $6.40 for earnings and $7.40 and $8.00 for cash flows.
Dec 17, 2009. I have updated speadsheet with unaudited 2009 report. The huge amount of insider selling during the last 12 months is a big negative for this stock.
In March 2009, I picked up earnings for 2009 and 2010 of $5.20 and $5.58 and CF of $5.96 and $6.36.
2008. I have had stock since Feb 2000 and have made IRR of 6.62%. Not great, but we are in a bear market currently. Dividends have increased nicely.
2005. I have had stock since Feb 2000 and have made IRR of 13.29%. What you expect from a bank stock. Div counts a lot. Revenue and stock still recovering from 2001 bear market.
2004. earnings are starting to grow, but not yet strongly.
Earnings are not growing well lately.2003
Sector:
Bank, Financial Services
What should this stock accomplish?
I would expect dividends to be moderate to good with moderate dividend growth over the longer term.
Would I buy this company and Why.
This is one of the big 5 banks of Canada. I think all Canadians should have at least one bank in their portfolio.
I have three banks of BMOm RY and TD.
Why am I following this stock.
This stock, as all banks, was on Mike Higgs' Canadian Dividend Growth Stock list and the other dividend lists that I followed.
Why I bought this stock.
When I sold some Metro in 2009, I bought this stock. It is the 3rd bank stock I bought.
Dividends
Dividends are paid in cycle 1, but at the very end of the month, so they are 31st of January, April, July and October. Dividends are declared in one month for shareholders and payment in the following month.
For example, the dividend declared on December 5, 2013 is for shareholders of record of January 6, 2014 and payable on January 31, 2014.
Misson Statement or closes thing I can find.
What I am looking for is a mission statement that the company wants to do well by their customers, employees, and community and thereby earn shareholders a reasonable return.
Our Mission: We will be the Best Run, Customer-Focused, Integrated Financial Institution, with a Unique and Inclusive Employee Culture.
Our Strategy: To produce long-term, profitable growth by building great franchises and delivering value to our Customers, Shareholders and Communities.
How they make their money
The Toronto-Dominion Bank and its subsidiaries provide financial products and services. It offers asset management, insurance, wealth management,
investment banking, wholesale banking, personal banking and commercial banking services and others.
For most ratios, lower is better when looking for a good stock price. However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare companies in similar industries.
Adjed for 2014 split Adjed for 2014 split
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Jan 17 2013 Jan 09 2014 Jan 10 2015 Jan 10 2016 Jan 14 2017 Jan 7 2018
Masrani, Bharat 0.315 0.02% 0.617 0.03% 0.617 0.03% 0.617 0.03%
CEO - Shares - Amount $17.457 $37.575 $45.30 $46.25
Options - percentage 1.672 0.09% 1.331 0.07% 1.565 0.08% 1.698 0.09%
Options - amount $92.768 $81.026 $114.85 $127.18
Reuters Options Value
Clark, William Edmund 0.546 0.03% 1.138 0.06%
CEO - Shares - Amount $26.108 $63.135
Options - percentage 5.585 0.30% 3.301 0.18%
Options - amount $267.089 $183.124
Reuters Options Value 2.856 $699.518
Ahmed, Riaz 0.303 0.02% 0.347 0.02% 0.399 0.02% 0.399 0.02% 0.399 0.02% was Office in 2015, now
CFO - Shares - Amount $16.826 $18.61 $24.310 $29.31 $29.92 CFO
Options - percentage 0.695 0.04% 0.682 0.04% 0.639 0.03% 0.720 0.04% 0.749 0.04% INK says Officer in Jan
Options - amount $38.554 $36.61 $38.880 $52.85 $56.10 2016
Johnston, Colleen 0.032 0.00% 0.032 0.00% 0.102 0.01% 0.102 0.01% 0.102 0.01% 0.082 0.00% Was CFO in 2015,
Officer - Shares - Amount $1.539 $1.786 $5.49 $6.223 $7.49 $6.17 now a Group Head
Options - percentage 0.776 0.04% 0.777 0.04% 0.610 0.03% 0.664 0.04% 0.674 0.04% 0.668 0.04% INK says CFO in Jan
Options - amount $37.102 $43.076 $32.74 $40.410 $49.48 $50.01 2016
Reuters Options Value 0.162 $1,257.919
Abdelmessih, Vivian 0.006 0.00% 0.006 0.00% 0.006 0.00%
Officer - Shares - Amount $0.270 $0.313 $0.30
Options - percentage 0.018 0.00% 0.018 0.00% 0.018 0.00%
Options - amount $0.842 $0.976 $0.94
Bennett, William E. 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00%
Director - Shares - Amount $0.000 $0.000 $0.00 $0.030 $0.04 $0.04
Options - percentage 0.063 0.00% 0.007 0.00% 0.079 0.00% 0.086 0.00% 0.090 0.00% 0.096 0.01%
Options - amount $3.035 $0.386 $4.24 $5.255 $6.59 $7.22
Levitt, Brian 0.030 0.00% 0.030 0.00% 0.030 0.00% 0.030 0.00% 0.030 0.00%
Chairman - Shares - Amt $1.664 $1.61 $1.826 $2.20 $2.25
Options - percentage 0.047 0.00% 0.056 0.00% 0.065 0.00% 0.072 0.00% 0.081 0.00%
Options - amount $2.629 $2.99 $3.984 $5.31 $6.09
Increase in O/S Shares 7.800 0.42% 8.400 0.46% 5.000 0.27% 3.300 0.18% 4.900 0.26% 3.000 0.16%
due to SO $316.797 $401.688 $277.350 $200.838 $298.214 $220.11
Book Value $199.000 $128.000 $186.000 $148.000
Insider Buying -$0.890 -$14.316 -$0.023 -$0.185
Insider Selling $79.451 $44.926 $16.460 $68.028
Net Insider Selling $78.561 $30.611 $16.436 $67.843
% of Market Cap 0.08% 0.03% 0.05% 0.05%
Directors 15 16 18 14 14
Women 5 33% 6 38% 6 33% 5 36% 5 36%
Minorities 0 0% 1 6% 2 11% 2 14% 2 14% west Asian, Middle East
386 53.36% 402 53.13% 453 50.56% 489 54.14% 471 53.62% 544 48.87%
Institutions -402 979.939 53.29% 976.943 52.92% 933.545 50.57% 1,004.865 54.09% 996.077 54.06% 900.446 48.87%
Holding 53.13% 1.974 0.2% 8.425 0.87% -16.980 -1.79% 30.405 3.12% 30.133 3.12% 18.988 2.15%
On Jan 09 2014 977.966 NASDAQ 968.517 NASDAQ 950.525 NASDAQ 974.460 NASDAQ 965.944 NASDAQ 881.459 NASDAQ
NASDAQ
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