Discounted Cash Flow

Toronto Dominion Bank Foreign

TD · Based on 10 years of SEC filings

DCF estimate unavailable — no_upward_trend_net_income_yr1_17134000000.0_gte_yrN_305000000.0_window_5

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $34.3b $10.6b $37.4b 31.0% $4.68
2017 $36.1b (5.3%) $12.3b (15.7%) $26.1b (-30.1%) 34.1% (9.9%) $5.51 (17.7%)
2018 $38.8b (7.4%) $13.8b (11.8%) $5.7b (-78.2%) 35.5% (4.1%) $6.02 (9.3%)
2019 $41.1b (5.7%) $13.2b (-3.9%) $271.0m (-95.2%) 32.2% (-9.2%) $6.26 (4.0%)
2020 $43.6b (6.3%) $11.9b (-9.9%) $11.9b (4296.3%) 27.3% (-15.3%) $6.43 (2.7%)
2021 $42.7b (-2.2%) $17.1b (43.8%) $50.1b (320.8%) 40.1% (47.0%) $7.73 (20.2%)
2022 $49.0b (14.8%) $20.4b (19.2%) $38.9b (-22.3%) 41.7% (3.8%) $9.48 (22.6%)
2023 $50.5b (3.0%) $13.1b (-35.9%) $-65.3b (-267.7%) 25.9% (-37.8%) $5.61 (-40.8%)
2024 $57.2b (13.3%) $703.0m (-94.6%) $703.0m (101.1%) 1.2% (-95.3%) $4.73 (-15.7%)
2025 $67.8b (18.4%) $305.0m (-56.6%) $-69.6b (-10007.0%) 0.5% (-63.4%) $11.57 (144.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

no_upward_trend_net_income_yr1_17134000000.0_gte_yrN_305000000.0_window_5

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.