Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

The Toronto-Dominion Bank (TD)

Company Dividend Discount ModelIndustry: Banks - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$631.87 - $2,357.50$1,893.49
Multi-Stage$295.63 - $323.39$309.26
Blended Fair Value$1,101.37
Current Price$100.95
Upside991.01%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS15.93%8.33%4.424.133.363.853.212.112.982.672.432.20
YoY Growth--7.03%22.92%-12.60%19.98%51.78%-29.03%11.29%10.05%10.58%10.57%
Dividend Yield--4.38%4.99%4.12%4.18%3.15%2.91%4.07%3.62%3.25%3.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)20,538.00
(-) Cash Dividends Paid (M)7,663.00
(=) Cash Retained (M)12,875.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,107.602,567.251,540.35
Cash Retained (M)12,875.0012,875.0012,875.00
(-) Cash Required (M)-4,107.60-2,567.25-1,540.35
(=) Excess Retained (M)8,767.4010,307.7511,334.65
(/) Shares Outstanding (M)1,732.551,732.551,732.55
(=) Excess Retained per Share5.065.956.54
LTM Dividend per Share4.424.424.42
(+) Excess Retained per Share5.065.956.54
(=) Adjusted Dividend9.4810.3710.97
WACC / Discount Rate7.08%7.08%7.08%
Growth Rate5.50%6.50%7.50%
Fair Value$631.87$1,893.49$2,357.50
Upside / Downside525.92%1,775.68%2,235.32%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)20,538.0021,872.9723,294.7124,808.8726,421.4528,138.8428,983.01
Payout Ratio37.31%47.85%58.39%68.92%79.46%90.00%92.50%
Projected Dividends (M)7,663.0010,466.0113,601.0417,099.4020,995.0825,324.9626,809.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.08%7.08%7.08%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)9,681.939,773.709,865.47
Year 2 PV (M)11,639.4811,861.1712,084.97
Year 3 PV (M)13,537.0113,925.6114,321.58
Year 4 PV (M)15,375.8915,967.2116,575.41
Year 5 PV (M)17,157.4317,986.1418,846.57
PV of Terminal Value (M)444,802.05466,286.15488,592.51
Equity Value (M)512,193.79535,799.99560,286.50
Shares Outstanding (M)1,732.551,732.551,732.55
Fair Value$295.63$309.26$323.39
Upside / Downside192.85%206.34%220.35%

High-Yield Dividend Screener

« Prev Page 13 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PCR.WAPCC Rokita S.A.7.82%$5.0595.33%
TQR.BKTQR Public Company Limited7.82%$0.3990.56%
KGI.BKKGI Securities (Thailand) Public Company Limited7.81%$0.3162.80%
PRDA.JKPT Prodia Widyahusada Tbk7.81%$180.5285.06%
AIMIRT.BKAIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust7.80%$0.8581.01%
AKRA.JKPT AKR Corporindo Tbk7.80%$99.8882.20%
SPREME.BKSupreme Distribution Public Company Limited7.80%$0.1190.62%
AYV.PAAyvens7.79%$0.9171.87%
1378.HKChina Hongqiao Group Limited7.78%$2.6556.89%
NRG.PANRJ Group S.A.7.78%$0.6363.81%
D2O.AXDuxton Water Limited7.77%$0.1250.68%
TVO-R.BKThai Vegetable Oil Public Company Limited7.77%$1.7462.11%
C38U.SICapitaLand Integrated Commercial Trust7.76%$0.1874.73%
002839.SZJiangsu Zhangjiagang Rural Commercial Bank Co., Ltd7.75%$0.3544.09%
0710.HKBOE Varitronix Limited7.75%$0.4239.15%
0951.HKChaowei Power Holdings Limited7.75%$0.1120.52%
1681.HKConsun Pharmaceutical Group Limited7.75%$1.2055.92%
AXA.DEAXA S.A.7.75%$3.1752.74%
RND.AXRand Mining Limited7.75%$0.2057.47%
601881.SSChina Galaxy Securities Co., Ltd.7.74%$1.2298.30%
TA1.DETelekom Austria AG7.74%$0.7679.04%
0746.HKLee & Man Chemical Company Limited7.73%$0.4035.48%
NESN.SWNestlé S.A.7.73%$6.0972.83%
2633.HKJacobson Pharma Corporation Limited7.72%$0.1036.63%
000498.SZShandong Hi-Speed Road and Bridge Group Co., Ltd.7.71%$0.4748.64%
0016.HKSun Hung Kai Properties Limited7.71%$7.4556.97%
0QKE.LVontobel Holding AG7.70%$4.4661.99%
HAEK.DEHaemato AG7.70%$1.6385.37%
2688.HKENN Energy Holdings Limited7.68%$5.3950.36%
ASIMAR.BKAsian Marine Services Public Company Limited7.68%$0.1260.54%
SAMS.PASamse S.A.7.68%$10.2556.16%
SEC.AXSpheria Emerging Companies Limited7.68%$0.2215.84%
UVAN.BKUnivanich Palm Oil Public Company Limited7.68%$1.0063.09%
JCT.BKJack Chia Industries (Thailand) Public Company Limited7.67%$6.4483.85%
KFL.NZKingfish Limited7.67%$0.1038.05%
ALRIB.PARiber S.A.7.65%$0.2771.18%
DXI.AXDexus Industria REIT7.65%$0.2117.56%
NISP.JKPT Bank OCBC NISP Tbk7.65%$106.0049.91%
SCG.AXScentre Group7.65%$0.3291.06%
002572.SZSuofeiya Home Collection Co., Ltd.7.62%$1.0488.29%
035000.KSHS Ad Inc.7.62%$648.8381.78%
JMT-R.BKJMT Network Services Public Company Limited7.62%$0.6769.23%
SQU.DEVinci S.A.7.62%$9.2455.99%
0QP2.LZurich Insurance Group AG7.61%$32.4879.70%
BAMI.MIBanco BPM S.p.A.7.61%$1.0080.93%
600795.SSGD Power Development Co.,Ltd7.60%$0.3892.13%
BTI.AXBailador Technology Investments Limited7.60%$0.0934.83%
SMPC.BKSahamitr Pressure Container Public Company Limited7.60%$0.6757.18%
0O33.LOeneo S.A.7.59%$0.7076.88%
BOREO.HEBoreo Oyj7.59%$1.0882.86%