Financials The Toronto-Dominion Bank

Equities

TD

CA8911605092

Banks

Market Closed - Toronto S.E. Other stock markets 04:17:05 2025-06-24 pm EDT			5-day change	1st Jan Change
98.58 ^CAD	+0.83%		+2.20%	+28.81%

Jun. 24	TD Bank Brief: Announced Overnight Redemption of Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 7 (NVCC)	MT
Jun. 23	BMO Reviews Canadian Banks' Q2	MT

Projected Income Statement: The Toronto-Dominion Bank

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	39,498	40,138	49,032	51,839	56,789	54,708	56,809	59,931
Change	-	1.62%	22.16%	5.72%	9.55%	-3.66%	3.84%	5.5%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	18,160	17,229	24,673	24,409	27,641	22,643	23,190	-
Change	-	-5.13%	43.21%	-1.07%	13.24%	-18.08%	2.41%	-
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	11,914	17,134	20,424	13,086	10,830	23,484	18,142	18,992
Change	-	43.81%	19.2%	-35.93%	-17.24%	116.84%	-22.75%	4.68%
Net income ¹	11,628	14,049	17,170	10,219	8,316	18,213	13,892	14,578
Change	-	20.82%	22.22%	-40.48%	-18.62%	119.01%	-23.72%	4.94%
Announcement Date	12/3/20	12/2/21	12/1/22	11/30/23	12/5/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: October	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	9,907	9,837	10,074	9,824	9,913	10,327	10,563	10,481	10,815	15,563	13,102	12,539	13,013	13,185	13,771	13,883	14,238	14,897	15,030	15,138	13,733	13,791	14,282	13,995	14,189	14,406	15,125	14,839
Change	-	-0.71%	2.41%	-2.48%	0.91%	4.18%	2.29%	-0.78%	3.19%	43.9%	-15.81%	-4.3%	3.78%	1.32%	4.44%	0.81%	2.56%	4.63%	0.89%	0.72%	-9.28%	0.42%	3.56%	-2.01%	1.39%	1.53%	4.99%	-1.89%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	4,663	4,191	4,330	4,133	4,337	4,429	4,666	4,482	4,782	9,133	6,561	5,846	6,060	5,942	6,646	6,799	7,030	7,166	7,047	7,230	5,787	5,567	6,032	5,554	5,757	5,860	-	-
Change	-	-10.12%	3.32%	-4.55%	4.94%	2.12%	5.35%	-3.94%	6.69%	90.99%	-28.16%	-10.9%	3.66%	-1.95%	11.85%	2.3%	3.4%	1.93%	-1.66%	2.6%	-19.96%	-3.8%	8.36%	-7.92%	3.66%	1.79%	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,365	4,588	3,935	4,435	4,297	4,467	4,486	4,611	3,649	7,678	2,244	3,976	3,508	3,358	3,317	-	423	3,991	3,260	12,040	4,141	4,363	4,282	4,217	4,743	4,616	4,730	4,549
Change	-	94%	-14.23%	12.71%	-3.11%	3.96%	0.43%	2.79%	-20.86%	110.41%	-70.77%	77.18%	-11.77%	-4.28%	-1.22%	-	-	843.5%	-18.32%	269.33%	-65.61%	5.36%	-1.86%	-1.52%	12.47%	-2.68%	2.47%	-3.83%
Net income ¹	2,180	5,079	3,212	3,630	3,489	3,718	3,690	3,745	3,171	6,564	1,499	3,141	2,889	2,690	2,750	2,374	-250	3,442	2,707	10,929	3,314	3,210	3,330	3,156	3,606	3,502	3,830	3,544
Change	-	132.98%	-36.76%	13.01%	-3.88%	6.56%	-0.75%	1.49%	-15.33%	107%	-77.16%	109.54%	-8.02%	-6.89%	2.23%	-13.67%	-110.53%	1,476.8%	-21.35%	303.73%	-69.68%	-3.14%	3.74%	-5.24%	14.27%	-2.89%	9.36%	-7.45%
Announcement Date	8/27/20	12/3/20	2/25/21	5/27/21	8/26/21	12/2/21	3/3/22	5/26/22	8/25/22	12/1/22	3/2/23	5/25/23	8/24/23	11/30/23	2/29/24	5/23/24	8/22/24	12/5/24	2/27/25	5/22/25	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: The Toronto-Dominion Bank

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	12/3/20	12/2/21	12/1/22	11/30/23	12/5/24	-	-	-

Estimates

Cash Flow Forecast: The Toronto-Dominion Bank

Fiscal Period: October	2019	2020	2021	2022	2023	2024
CAPEX ¹	794	1,757	1,129	1,454	1,844	2,177
Change	-	121.28%	-35.74%	28.79%	26.82%	18.06%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	12/5/19	12/3/20	12/2/21	12/1/22	11/30/23	12/5/24

¹CAD in Million

Estimates

Forecast Financial Ratios: The Toronto-Dominion Bank

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	45.98%	42.92%	50.32%	47.09%	48.67%	41.39%	40.82%	-
EBT Margin (%)	-	30.16%	42.69%	41.65%	25.24%	19.07%	42.93%	31.94%	31.69%
Net margin (%)	-	29.44%	35%	35.02%	19.71%	14.64%	33.29%	24.45%	24.33%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.62%	0.82%	0.83%	0.75%	0.68%	0.69%	0.67%	0.7%
ROE	-	11.4%	15.9%	15.9%	14.4%	13.6%	12.36%	12.27%	12.97%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	3.11	3.16	3.56	3.84	4.08	4.199	4.415	4.727
Change	-	-	1.61%	12.66%	7.87%	6.25%	2.91%	5.14%	7.06%
Book Value Per Share ¹	-	49.49	51.66	55	56.58	59.59	68.18	71.59	72.47
Change	-	-	4.38%	6.47%	2.87%	5.32%	14.42%	5%	1.23%
EPS ¹	-	6.43	7.72	9.47	5.6	4.72	11.43	8.354	8.889
Change	-	-	20.06%	22.67%	-40.87%	-15.71%	142.09%	-26.89%	6.4%
Nbr of stocks (in thousands)	-	1,813,064	1,820,149	1,813,220	1,802,041	1,748,117	1,722,478	1,722,478	1,722,478
Announcement Date	-	12/3/20	12/2/21	12/1/22	11/30/23	12/5/24	-	-	-