DDM Analysis: TD

Valuation Snapshot

Stable Growth	$628.81 - $2,357.50	$1,868.88
Multi-Stage	$295.05 - $322.75	$308.64
Blended Fair Value	$1,088.76
Current Price	$100.95
Upside	978.52%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	15.93%	8.33%	4.42	4.13	3.36	3.85	3.21	2.11	2.98	2.67	2.43	2.20
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

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,107.60	2,567.25	1,540.35
Cash Retained (M)	12,875.00	12,875.00	12,875.00
(-) Cash Required (M)	-4,107.60	-2,567.25	-1,540.35
(=) Excess Retained (M)	8,767.40	10,307.75	11,334.65
(/) Shares Outstanding (M)	1,732.55	1,732.55	1,732.55
(=) Excess Retained per Share	5.06	5.95	6.54
LTM Dividend per Share	4.42	4.42	4.42
(+) Excess Retained per Share	5.06	5.95	6.54
(=) Adjusted Dividend	9.48	10.37	10.97
WACC / Discount Rate	7.09%	7.09%	7.09%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$628.81	$1,868.88	$2,357.50
Upside / Downside	522.90%	1,751.29%	2,235.32%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	20,538.00	21,872.97	23,294.71	24,808.87	26,421.45	28,138.84	28,983.01
Payout Ratio	37.31%	47.85%	58.39%	68.92%	79.46%	90.00%	92.50%
Projected Dividends (M)	7,663.00	10,466.01	13,601.04	17,099.40	20,995.08	25,324.96	26,809.28

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.09%	7.09%	7.09%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	9,681.23	9,773.00	9,864.76
Year 2 PV (M)	11,637.81	11,859.47	12,083.23
Year 3 PV (M)	13,534.10	13,922.62	14,318.50
Year 4 PV (M)	15,371.48	15,962.62	16,570.66
Year 5 PV (M)	17,151.27	17,979.69	18,839.81
PV of Terminal Value (M)	443,807.40	465,243.46	487,499.93
Equity Value (M)	511,183.29	534,740.86	559,176.88
Shares Outstanding (M)	1,732.55	1,732.55	1,732.55
Fair Value	$295.05	$308.64	$322.75
Upside / Downside	192.27%	205.74%	219.71%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 54 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
600425.SS	Xinjiang Qingsong Building Materials and Chemicals (Group) Co, Ltd.	2.99%	$0.12	76.32%
605098.SS	Shanghai Action Education Technology CO.,LTD.	2.99%	$1.25	51.61%
6473.T	JTEKT Corporation	2.99%	$51.92	84.17%
B2H.OL	B2Holding ASA	2.99%	$0.21	21.39%
GENTERA.MX	Gentera, S.A.B. de C.V.	2.99%	$1.36	28.15%
JYSK.CO	Jyske Bank A/S	2.99%	$26.22	30.23%
MCGS.QA	Medicare Group Q.P.S.C.	2.99%	$0.20	64.83%
002003.SZ	Zhejiang Weixing Industrial Development Co., Ltd.	2.98%	$0.32	55.93%
0RHU.L	Flughafen Wien AG	2.98%	$1.65	62.41%
8914.T	Arealink Co., Ltd.	2.98%	$31.69	44.83%
DXT.TO	Dexterra Group Inc.	2.98%	$0.35	55.12%
NST.AX	Northern Star Resources Limited	2.98%	$0.73	45.12%
600704.SS	Wuchan Zhongda Group Co.,Ltd.	2.97%	$0.17	22.55%
8593.T	Mitsubishi HC Capital Inc.	2.97%	$38.97	34.55%
KBL.TO	K-Bro Linen Inc.	2.97%	$1.04	69.43%
O10.SI	Far East Orchard Limited	2.97%	$0.04	30.11%
PLANB.BK	Plan B Media Public Company Limited	2.97%	$0.12	46.85%
005850.KS	SL Corporation	2.96%	$1,235.83	18.10%
6527.TWO	Crystalvue Medical Corporation	2.96%	$2.24	40.94%
9201.T	Japan Airlines Co., Ltd.	2.96%	$85.89	30.05%
9633.HK	Nongfu Spring Co., Ltd.	2.96%	$1.43	61.73%
9931.TW	Hsin Kao Gas Co.,Ltd.	2.96%	$1.01	40.68%
FTS	Fortis Inc.	2.96%	$1.54	47.07%
035890.KQ	Seohee Construction Co., Ltd.	2.95%	$47.87	7.53%
3132.T	Macnica Fuji Electronics Holdings, Inc.	2.95%	$70.52	56.32%
600667.SS	Wuxi Taiji Industry Limited Corporation	2.95%	$0.23	83.84%
603577.SS	Qingdao Huijintong Power Equipment Co.,Ltd.	2.95%	$0.31	79.62%
603699.SS	Neway Valve (Suzhou) Co., Ltd.	2.95%	$1.53	81.92%
000020.KS	Dongwha Pharm.Co.,Ltd	2.94%	$182.44	65.71%
000895.SZ	Henan Shuanghui Investment & Development Co.,Ltd.	2.94%	$0.78	52.50%
002540.SZ	Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd.	2.94%	$0.21	63.05%
013120.KQ	DongWon Development Co.,Ltd.	2.94%	$80.92	85.28%
107590.KS	Miwon Holdings Co., Ltd.	2.94%	$1,985.59	19.06%
6779.T	Nihon Dempa Kogyo Co., Ltd.	2.94%	$30.05	58.30%
8084.T	Ryoden Corporation	2.94%	$106.29	46.57%
8890.T	Raysum Co., Ltd.	2.94%	$173.16	50.05%
9303.T	The Sumitomo Warehouse Co., Ltd.	2.94%	$104.40	36.71%
APZ.AX	Aspen Group	2.94%	$0.16	31.96%
FSECURE.HE	F-Secure Oyj	2.94%	$0.06	45.60%
RELAIS.HE	Relais Group Oyj	2.94%	$0.50	54.01%
0QN2.L	Interroll Holding AG	2.93%	$63.83	41.54%
3515.TW	ASROCK Incorporation	2.93%	$7.30	57.65%
601619.SS	Ningxia Jiaze Renewables Corporation Limited	2.93%	$0.13	56.17%
8508.T	J Trust Co., Ltd.	2.93%	$13.97	39.79%
000166.SZ	Shenwan Hongyuan Group Co., Ltd.	2.92%	$0.15	41.10%
002299.SZ	Fujian Sunner Development Co., Ltd.	2.92%	$0.48	39.69%
4949.TW	Win Win Precision Technology Co., Ltd.	2.92%	$1.08	55.94%
5386.T	Tsuruya Co., Ltd.	2.92%	$11.98	57.58%
600267.SS	Zhejiang Hisun Pharmaceutical Co., Ltd.	2.92%	$0.29	61.49%
600758.SS	LIAONING ENERGY INDUSTRY Co.,LTD	2.92%	$0.11	69.99%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

The Toronto-Dominion Bank (TD)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener