What is The Toronto-Dominion Bank Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-06-02), The Toronto-Dominion Bank's Intrinsic Value: Projected FCF is $212.21. The stock price of The Toronto-Dominion Bank is $55.92. Therefore, The Toronto-Dominion Bank's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for The Toronto-Dominion Bank's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of The Toronto-Dominion Bank was 0.42. The lowest was 0.15. And the median was 0.31.
The Toronto-Dominion Bank Intrinsic Value: Projected FCF Historical Data
The historical data trend for The Toronto-Dominion Bank's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
The Toronto-Dominion Bank Intrinsic Value: Projected FCF Chart
| The Toronto-Dominion Bank Annual Data | ||||||||||||||||||||
| Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | ||||||||||
| Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 136.63 | 293.14 | 315.97 | 276.30 | 224.94 | ||||||||||||||
| The Toronto-Dominion Bank Quarterly Data | ||||||||||||||||||||
| Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | |
| Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 241.71 | 216.27 | 224.94 | 211.50 | 210.04 | ||||||||||||||
Competitive Comparison of The Toronto-Dominion Bank's Intrinsic Value: Projected FCF
For the Banks - Diversified subindustry, The Toronto-Dominion Bank's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Toronto-Dominion Bank's Price-to-Projected-FCF Distribution in the Banks Industry
For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where The Toronto-Dominion Bank's Price-to-Projected-FCF falls into.
The Toronto-Dominion Bank Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get The Toronto-Dominion Bank's Free Cash Flow(6 year avg) = $27,678.70.
The Toronto-Dominion Bank's Intrinsic Value: Projected FCF for today is calculated as
| Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Apr24) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
| = | (10.993856731996 | * | 27678.696 | + | 81894.106 | * | 0.8) | / | 1764.100 | |
| = | 209.63 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Toronto-Dominion Bank(NYSE:TD) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
The Toronto-Dominion Bank's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
| Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
| = | 55.92 | / | 209.631485263 | |
| = | 0.27 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Toronto-Dominion Bank Intrinsic Value: Projected FCF Related Terms
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The Toronto-Dominion Bank (The Toronto-Dominion Bank) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Banks » The Toronto-Dominion Bank (NYSE:TD) » Definitions » Intrinsic Value: Projected FCF
Comparable Companies
TSX:BMO TSX:BNS TSX:RY TSX:CM TSX:NA JPM BAC SHSE:601398 SHSE:601288 WFC SHSE:601939 SHSE:601988 LSE:HSBA ASX:CBA C TSE:8306 XSWX:UBSG TSE:8316 XMAD:SAN ASX:NAB
Traded in Other Exchanges
TDBKF.PFD:USA TNTTF.PFD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada TD:Canada
Address
C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2
Website
Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.
The Toronto-Dominion Bank (The Toronto-Dominion Bank) Headlines
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