Toronto Dominion Bank Stock Z Score

TD Stock

USD 56.16 0.26 0.47%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Toronto Dominion Piotroski F Score and Toronto Dominion Valuation analysis.

At present, Toronto Dominion's Net Invested Capital is projected to increase significantly based on the last few years of reporting. The current year's Capital Expenditures is expected to grow to about 2.2 B, whereas Capital Stock is forecasted to decline to about 33.5 B. At present, Toronto Dominion's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 23.5 B, whereas EBIT is forecasted to decline to about 15.3 B.

Toronto Dominion Bank Company Z Score Analysis

Toronto Dominion's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Toronto Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Toronto Dominion is extremely important. It helps to project a fair market value of Toronto Stock properly, considering its historical fundamentals such as Z Score. Since Toronto Dominion's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Toronto Dominion's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Toronto Dominion's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Net Tangible Assets	Long Term Debt	Good Will	Short Term Investments	Long Term Investments	Short Long Term Debt	Treasury Stock	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Capital Surpluse	Earning Assets	Net Invested Capital	Capital Stock
Total Assets		1.0	0.72	0.99	0.85	1.0	0.87	0.94	0.91	0.93	0.95	0.79	0.71	0.08	0.82	0.87	-0.43	-0.66	0.96	0.28	0.84	-0.75	0.83	0.78	0.77
Total Stockholder Equity	1.0		0.71	0.99	0.84	1.0	0.86	0.94	0.92	0.91	0.95	0.77	0.73	0.1	0.81	0.86	-0.42	-0.67	0.94	0.25	0.83	-0.74	0.82	0.77	0.76
Net Debt	0.72	0.71		0.79	0.47	0.72	0.41	0.81	0.58	0.82	0.7	0.93	0.27	-0.4	0.59	0.9	-0.46	-0.18	0.68	0.22	0.89	-0.33	0.61	0.96	0.89
Retained Earnings	0.99	0.99	0.79		0.83	0.99	0.84	0.97	0.85	0.95	0.96	0.82	0.63	0.0	0.82	0.91	-0.44	-0.56	0.95	0.32	0.9	-0.73	0.86	0.84	0.82
Accounts Payable	0.85	0.84	0.47	0.83		0.85	0.81	0.8	0.74	0.81	0.81	0.55	0.78	0.24	0.7	0.63	-0.46	-0.53	0.81	0.44	0.66	-0.59	0.85	0.52	0.63
Total Liab	1.0	1.0	0.72	0.99	0.85		0.87	0.94	0.91	0.93	0.95	0.79	0.71	0.07	0.82	0.87	-0.43	-0.66	0.96	0.28	0.84	-0.75	0.83	0.78	0.77
Total Current Assets	0.87	0.86	0.41	0.84	0.81	0.87		0.74	0.71	0.77	0.84	0.54	0.61	0.1	0.75	0.71	-0.19	-0.59	0.93	0.29	0.72	-0.88	0.87	0.53	0.58
Short Term Debt	0.94	0.94	0.81	0.97	0.8	0.94	0.74		0.79	0.94	0.92	0.82	0.59	0.06	0.77	0.9	-0.37	-0.43	0.87	0.34	0.85	-0.67	0.79	0.86	0.83
Common Stock	0.91	0.92	0.58	0.85	0.74	0.91	0.71	0.79		0.77	0.8	0.65	0.83	0.16	0.72	0.69	-0.51	-0.86	0.82	0.15	0.64	-0.55	0.6	0.63	0.6
Net Receivables	0.93	0.91	0.82	0.95	0.81	0.93	0.77	0.94	0.77		0.92	0.88	0.52	-0.03	0.8	0.91	-0.41	-0.41	0.91	0.32	0.91	-0.65	0.82	0.84	0.82
Net Tangible Assets	0.95	0.95	0.7	0.96	0.81	0.95	0.84	0.92	0.8	0.92		0.75	0.61	0.11	0.9	0.85	-0.36	-0.51	0.9	0.25	0.83	-0.76	0.85	0.76	0.75
Long Term Debt	0.79	0.77	0.93	0.82	0.55	0.79	0.54	0.82	0.65	0.88	0.75		0.31	-0.32	0.62	0.93	-0.39	-0.24	0.78	0.21	0.89	-0.5	0.67	0.94	0.88
Good Will	0.71	0.73	0.27	0.63	0.78	0.71	0.61	0.59	0.83	0.52	0.61	0.31		0.35	0.55	0.4	-0.38	-0.77	0.6	0.17	0.35	-0.38	0.56	0.31	0.45
Short Term Investments	0.08	0.1	-0.4	0.0	0.24	0.07	0.1	0.06	0.16	-0.03	0.11	-0.32	0.35		0.2	-0.32	0.03	-0.26	-0.06	-0.13	-0.37	-0.11	-0.13	-0.34	-0.35
Long Term Investments	0.82	0.81	0.59	0.82	0.7	0.82	0.75	0.77	0.72	0.8	0.9	0.62	0.55	0.2		0.73	-0.44	-0.52	0.79	0.26	0.71	-0.68	0.74	0.63	0.64
Short Long Term Debt	0.87	0.86	0.9	0.91	0.63	0.87	0.71	0.9	0.69	0.91	0.85	0.93	0.4	-0.32	0.73		-0.32	-0.33	0.88	0.34	0.94	-0.67	0.81	0.95	0.92
Treasury Stock	-0.43	-0.42	-0.46	-0.44	-0.46	-0.43	-0.19	-0.37	-0.51	-0.41	-0.36	-0.39	-0.38	0.03	-0.44	-0.32		0.51	-0.36	-0.39	-0.44	-0.03	-0.34	-0.38	-0.37
Intangible Assets	-0.66	-0.67	-0.18	-0.56	-0.53	-0.66	-0.59	-0.43	-0.86	-0.41	-0.51	-0.24	-0.77	-0.26	-0.52	-0.33	0.51		-0.59	-0.09	-0.32	0.42	-0.35	-0.22	-0.2
Property Plant Equipment	0.96	0.94	0.68	0.95	0.81	0.96	0.93	0.87	0.82	0.91	0.9	0.78	0.6	-0.06	0.79	0.88	-0.36	-0.59		0.28	0.88	-0.8	0.89	0.77	0.77
Current Deferred Revenue	0.28	0.25	0.22	0.32	0.44	0.28	0.29	0.34	0.15	0.32	0.25	0.21	0.17	-0.13	0.26	0.34	-0.39	-0.09	0.28		0.29	-0.31	0.48	0.23	0.36
Long Term Debt Total	0.84	0.83	0.89	0.9	0.66	0.84	0.72	0.85	0.64	0.91	0.83	0.89	0.35	-0.37	0.71	0.94	-0.44	-0.32	0.88	0.29		-0.58	0.84	0.9	0.88
Capital Surpluse	-0.75	-0.74	-0.33	-0.73	-0.59	-0.75	-0.88	-0.67	-0.55	-0.65	-0.76	-0.5	-0.38	-0.11	-0.68	-0.67	-0.03	0.42	-0.8	-0.31	-0.58		-0.75	-0.48	-0.5
Earning Assets	0.83	0.82	0.61	0.86	0.85	0.83	0.87	0.79	0.6	0.82	0.85	0.67	0.56	-0.13	0.74	0.81	-0.34	-0.35	0.89	0.48	0.84	-0.75		0.68	0.82
Net Invested Capital	0.78	0.77	0.96	0.84	0.52	0.78	0.53	0.86	0.63	0.84	0.76	0.94	0.31	-0.34	0.63	0.95	-0.38	-0.22	0.77	0.23	0.9	-0.48	0.68		0.93
Capital Stock	0.77	0.76	0.89	0.82	0.63	0.77	0.58	0.83	0.6	0.82	0.75	0.88	0.45	-0.35	0.64	0.92	-0.37	-0.2	0.77	0.36	0.88	-0.5	0.82	0.93

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Toronto Dominion

Based on the company's disclosures, Toronto Dominion Bank has a Z Score of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Toronto Dominion ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Toronto Dominion's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Toronto Dominion's managers, analysts, and investors.

Environmental

Governance

Social

Toronto Dominion Institutional Holders

Institutional Holdings refers to the ownership stake in Toronto Dominion that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Toronto Dominion's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Toronto Dominion's value.

		Shares
Morgan Stanley - Brokerage Accounts	2024-06-30	18.6 M
Cibc Global Asset Management Inc	2024-09-30	16.5 M
Beutel, Goodman & Company Ltd.	2024-09-30	16.2 M
British Columbia Investment Management Corp	2024-09-30	13.7 M
Fidelity International Ltd	2024-06-30	13.5 M
Manufacturers Life Insurance Co	2024-09-30	13.5 M
Goldman Sachs Group Inc	2024-06-30	13.2 M
Legal & General Group Plc	2024-06-30	13.1 M
Bank Of America Corp	2024-06-30	12.3 M
Royal Bank Of Canada	2024-06-30	142.4 M
Bank Of Montreal	2024-06-30	85.6 M

Toronto Fundamentals

	Return On Equity	0.0733
	Return On Asset	0.0043
	Profit Margin	0.16 %
	Operating Margin	0.05 %
	Current Valuation	8.7 B
	Shares Outstanding	1.75 B
	Shares Owned By Insiders	0.08 %
	Shares Owned By Institutions	59.53 %
	Number Of Shares Shorted	49.95 M
	Price To Earning	11.50 X
	Price To Book	1.36 X
	Price To Sales	1.88 X
	Revenue	49.2 B
	Gross Profit	49.2 B
	EBITDA	15.86 B
	Net Income	10.78 B
	Cash And Equivalents	517.19 B
	Cash Per Share	285.25 X
	Total Debt	401.81 B
	Debt To Equity	15.20 %
	Book Value Per Share	60.85 X
	Cash Flow From Operations	(65.3 B)
	Short Ratio	5.31 X
	Earnings Per Share	3.09 X
	Price To Earnings To Growth	1.22 X
	Target Price	86.18
	Number Of Employees	102.19 K
	Beta	0.82
	Market Capitalization	98.16 B
	Total Asset	1.96 T
	Retained Earnings	73.04 B
	Annual Yield	0.05 %
	Five Year Return	3.86 %
	Net Asset	1.96 T
	Last Dividend Paid	4.02

About Toronto Dominion Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Toronto Dominion Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Toronto Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Toronto Dominion Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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How To Invest In Toronto

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What is Toronto Dominion's Net Worth?

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Check out Toronto Dominion Piotroski F Score and Toronto Dominion Valuation analysis.

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Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.20)

Dividend Share

4.02

Earnings Share

3.09

Revenue Per Share

29.497

Quarterly Revenue Growth

0.079

The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Toronto Dominion Bank Stock Z Score

Toronto Dominion Bank Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Toronto Z Score Driver Correlations

Toronto Dominion ESG Sustainability

Toronto Dominion Institutional Holders

Toronto Fundamentals

About Toronto Dominion Fundamental Analysis

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