Toronto Dominion Bank Stock Probability Of Bankruptcy

TD Stock  USD 60.64  1.01  1.69%   
Toronto Dominion's odds of distress is less than 5% at the present time. It is unlikely to undergo any financial distress in the next 24 months. Toronto Dominion's Probability Of Bankruptcy is determined by interpolating and adjusting Toronto Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Toronto balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Toronto Dominion Piotroski F Score and Toronto Dominion Altman Z Score analysis.
  

Toronto Probability Of Bankruptcy Analysis

Toronto Dominion's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
 2021 2022 2023 2024 (projected)
Interest Expense13.7B50.7B58.3B61.3B
Depreciation And Amortization1.8B1.9B2.2B1.2B

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Toronto Dominion Probability Of Bankruptcy

    
  Less than 5%  
Most of Toronto Dominion's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Toronto Dominion Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Toronto Dominion probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Toronto Dominion odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Toronto Dominion Bank financial health.
Is Toronto Dominion's industry 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
0.888
Dividend Share
3.9
Earnings Share
4.66
Revenue Per Share
27.824
Quarterly Revenue Growth
0.104
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.

Toronto Probability Of Bankruptcy 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 Probability Of Bankruptcy. 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.
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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Competition

Based on the latest financial disclosure, Toronto Dominion Bank has a Probability Of Bankruptcy of 5.0%. This is 89.99% lower than that of the Banks sector and significantly higher than that of the Financials industry. The probability of bankruptcy for all United States stocks is 87.45% higher than that of the company.

Toronto Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Toronto Dominion's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Toronto Dominion could also be used in its relative valuation, which is a method of valuing Toronto Dominion by comparing valuation metrics of similar companies.
Toronto Dominion is currently under evaluation in probability of bankruptcy category among related companies.

Toronto Dominion Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.0069320.0082710.0090890.0055090.0049580.005786
Asset Turnover0.02880.02520.02440.02390.0270.0347
Net Debt(129.6B)90.9B228.2B306.4B352.3B369.9B
Total Current Liabilities156.7B166.3B248.1B298.4B343.1B360.3B
Non Current Liabilities Total41.2B127.9B248.1B157.0B180.5B189.5B
Total Assets1.7T1.7T1.9T2.0T2.3T2.4T
Total Current Assets307.8B255.1B220.0B192.9B221.8B232.9B
Total Cash From Operating Activities231.8B50.1B38.9B(65.3B)(75.1B)(71.3B)

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.
Environment Score
Governance Score
Social Score

Toronto Fundamentals

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.
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada. Toronto Dominion operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 93720 people.

Toronto Dominion Investors Sentiment

The influence of Toronto Dominion's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Toronto. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Toronto Dominion's public news can be used to forecast risks associated with an investment in Toronto. The trend in average sentiment can be used to explain how an investor holding Toronto can time the market purely based on public headlines and social activities around Toronto Dominion Bank. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Toronto Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Toronto Dominion's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Toronto Dominion's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Toronto Dominion.

Toronto Dominion Implied Volatility

    
  15.36  
Toronto Dominion's implied volatility exposes the market's sentiment of Toronto Dominion Bank stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Toronto Dominion's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Toronto Dominion stock will not fluctuate a lot when Toronto Dominion's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Toronto Dominion in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Toronto Dominion's short interest history, or implied volatility extrapolated from Toronto Dominion options trading.

Currently Active Assets on Macroaxis

When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:
Check out Toronto Dominion Piotroski F Score and Toronto Dominion Altman Z Score analysis.
Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Toronto Stock analysis

When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Toronto Dominion's industry 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
0.888
Dividend Share
3.9
Earnings Share
4.66
Revenue Per Share
27.824
Quarterly Revenue Growth
0.104
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.