<p>长期投资的主要目的是赚钱。此外，您通常希望看到股价上涨的速度快于市场。然而，<strong>多伦多道明银行</strong>（TSE:TD）在这一目标上未能达标，五年来股价上涨了 55%，低于市场回报。在过去的十二个月中，股价上涨了非常可观的 6.5%。</p>
<p>过去一周对多伦多道明银行的投资者来说是丰收的一周，因此让我们看看基本面是否推动了该公司五年的表现。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>用本杰明·格雷厄姆的话来说：短期内市场是一个投票机，但长期来看它是一个称重机。检查市场情绪如何随时间变化的一种方法是观察公司股价与每股收益（EPS）之间的互动。</p>
<p>在五年的股价增长期间，多伦多道明银行的每股收益实际上每年下降了 6.5%。</p>
<p>这意味着市场不太可能根据收益增长来评判公司。由于每股收益的变化似乎与股价的变化没有相关性，因此值得关注其他指标。</p>
<p>事实上，股息随着时间的推移而增加，这是一个积极的信号。可能是公司正在走向成熟，股息投资者正在为收益而买入。每年约 8.7% 的收入增长也可能鼓励买家。</p>
<p>您可以在下面看到收益和收入随时间的变化（通过点击图片发现确切的数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23515-earnings-and-revenue-growth-1-dark/1744970499747?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23515-earnings-and-revenue-growth-1-dark/1744970499747"/></p>
<p>TSX:TD 收益和收入增长 2025 年 4 月 18 日</p>
<p>看到在过去三个月内有一些显著的内部人士买入是件好事。这是一个积极的信号。不过，我们认为收益和收入增长趋势是更重要的考虑因素。因此，我们建议查看这份 <strong>免费</strong> 报告，显示共识预测。</p>
<h2>股息情况如何？</h2>
<p>考虑任何股票的总股东回报以及股价回报是很重要的。总股东回报（TSR）是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折扣资本筹集和分拆的计算价值。因此，对于支付丰厚股息的公司，TSR 通常远高于股价回报。在多伦多道明银行的情况下，过去五年的 TSR 为 94%。这超过了我们之前提到的股价回报。公司支付的股息因此提升了_总_股东回报。</p>
<h2>不同的视角</h2>
<p>多伦多道明银行的股东在过去十二个月内获得了 12% 的回报（即使包括股息），这与一般市场回报相差不远。我们应该注意到，五年的 TSR 更为令人印象深刻，达到了每年 14%。最近，股价增长有所放缓。但必须说，整体情况是长期和短期表现良好。可以说，这使得多伦多道明银行成为值得关注的股票。内部人士买入股票固然好，但我们建议您查看内部人士的买入价格。</p>
<p>多伦多道明银行并不是内部人士唯一买入的股票。因此，看看这份 <strong>免费</strong> 的小型公司名单，这些公司在吸引人的估值下被内部人士买入。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在加拿大交易所交易的股票的市场加权平均回报。</em></p>
<p>如果您想交易多伦多道明银行，请在专业人士信赖的最低成本平台上开设账户，Interactive Brokers。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让您可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，外汇转换率低至 0.03%，远低于大多数经纪商提供的费用。</p>
<p>赞助内容</p>

<p>对多伦多道明银行（TSE:TD）的乐观情绪最近有所增加，尽管其盈利在过去五年中有所下降。该银行的股价在五年内上涨了 55%，低于市场回报，但在过去一年中上涨了 6.5%。五年来的总股东回报率（TSR）为 94%，得益于分红。近期内部人士的买入是一个积极的信号，而该银行每年的收入增长率为 8.7%，可能会吸引投资者。总体而言，多伦多道明银行在长期和短期表现良好，是一只值得关注的股票</p>

<p>The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. But <strong>The Toronto-Dominion Bank</strong> (TSE:TD) has fallen short of that second goal, with a share price rise of 55% over five years, which is below the market return. Over the last twelve months the stock price has risen a very respectable 6.5%.</p>
<div class="lb-trans"><p>长期投资的主要目的是赚钱。此外，您通常希望看到股价上涨的速度快于市场。然而，<strong>多伦多道明银行</strong>（TSE:TD）在这一目标上未能达标，五年来股价上涨了 55%，低于市场回报。在过去的十二个月中，股价上涨了非常可观的 6.5%。</p>
</div><p>The past week has proven to be lucrative for Toronto-Dominion Bank investors, so let's see if fundamentals drove the company's five-year performance.</p>
<div class="lb-trans"><p>过去一周对多伦多道明银行的投资者来说是丰收的一周，因此让我们看看基本面是否推动了该公司五年的表现。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><p>To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).</p>
<div class="lb-trans"><p>用本杰明·格雷厄姆的话来说：短期内市场是一个投票机，但长期来看它是一个称重机。检查市场情绪如何随时间变化的一种方法是观察公司股价与每股收益（EPS）之间的互动。</p>
</div><p>During five years of share price growth, Toronto-Dominion Bank actually saw its EPS drop 6.5% per year.</p>
<div class="lb-trans"><p>在五年的股价增长期间，多伦多道明银行的每股收益实际上每年下降了 6.5%。</p>
</div><p>This means it's unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.</p>
<div class="lb-trans"><p>这意味着市场不太可能根据收益增长来评判公司。由于每股收益的变化似乎与股价的变化没有相关性，因此值得关注其他指标。</p>
</div><p>In fact, the dividend has increased over time, which is a positive. It could be that the company is reaching maturity and dividend investors are buying for the yield. The revenue growth of about 8.7% per year might also encourage buyers.</p>
<div class="lb-trans"><p>事实上，股息随着时间的推移而增加，这是一个积极的信号。可能是公司正在走向成熟，股息投资者正在为收益而买入。每年约 8.7% 的收入增长也可能鼓励买家。</p>
</div><p>You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>您可以在下面看到收益和收入随时间的变化（通过点击图片发现确切的数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/23515-earnings-and-revenue-growth-1-dark/1744970499747" alt="" original-src="https://images.simplywall.st/asset/chart/23515-earnings-and-revenue-growth-1-dark/1744970499747"/></p>
<p>TSX:TD Earnings and Revenue Growth April 18th 2025</p>
<div class="lb-trans"><p>TSX:TD 收益和收入增长 2025 年 4 月 18 日</p>
</div><p>It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. So we recommend checking out this <strong>free</strong> report showing consensus forecasts</p>
<div class="lb-trans"><p>看到在过去三个月内有一些显著的内部人士买入是件好事。这是一个积极的信号。不过，我们认为收益和收入增长趋势是更重要的考虑因素。因此，我们建议查看这份 <strong>免费</strong> 报告，显示共识预测。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Toronto-Dominion Bank, it has a TSR of 94% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the <em>total</em> shareholder return.</p>
<div class="lb-trans"><p>考虑任何股票的总股东回报以及股价回报是很重要的。总股东回报（TSR）是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折扣资本筹集和分拆的计算价值。因此，对于支付丰厚股息的公司，TSR 通常远高于股价回报。在多伦多道明银行的情况下，过去五年的 TSR 为 94%。这超过了我们之前提到的股价回报。公司支付的股息因此提升了_总_股东回报。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>Toronto-Dominion Bank shareholders have received returns of 12% over twelve months (even including dividends), which isn't far from the general market return. We should note here that the five-year TSR is more impressive, at 14% per year. More recently, the share price growth has slowed. But it has to be said the overall picture is one of good long term and short term performance. Arguably that makes Toronto-Dominion Bank a stock worth watching. It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.</p>
<div class="lb-trans"><p>多伦多道明银行的股东在过去十二个月内获得了 12% 的回报（即使包括股息），这与一般市场回报相差不远。我们应该注意到，五年的 TSR 更为令人印象深刻，达到了每年 14%。最近，股价增长有所放缓。但必须说，整体情况是长期和短期表现良好。可以说，这使得多伦多道明银行成为值得关注的股票。内部人士买入股票固然好，但我们建议您查看内部人士的买入价格。</p>
</div><p>Toronto-Dominion Bank is not the only stock insiders are buying. So take a peek at this <strong>free</strong> list of small cap companies at attractive valuations which insiders have been buying.</p>
<div class="lb-trans"><p>多伦多道明银行并不是内部人士唯一买入的股票。因此，看看这份 <strong>免费</strong> 的小型公司名单，这些公司在吸引人的估值下被内部人士买入。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在加拿大交易所交易的股票的市场加权平均回报。</em></p>
</div><p>If you're looking to trade Toronto-Dominion Bank, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果您想交易多伦多道明银行，请在专业人士信赖的最低成本平台上开设账户，Interactive Brokers。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让您可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受无隐藏费用、无账户最低限额，外汇转换率低至 0.03%，远低于大多数经纪商提供的费用。</p>
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<div class="lb-trans"><p>赞助内容</p>
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尽管 Toronto-Dominion Bank（TSE:TD）过去五年的收益有所下降，但本周市场对其的乐观情绪有所增加