<p>長期投資的主要目的是賺錢。此外，您通常希望看到股價上漲的速度快於市場。然而，<strong>多倫多道明銀行</strong>（TSE:TD）在這一目標上未能達標，五年來股價上漲了 55%，低於市場回報。在過去的十二個月中，股價上漲了非常可觀的 6.5%。</p>
<p>過去一週對多倫多道明銀行的投資者來説是豐收的一週，因此讓我們看看基本面是否推動了該公司五年的表現。</p>
<p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
<p>用本傑明·格雷厄姆的話來説：短期內市場是一個投票機，但長期來看它是一個稱重機。檢查市場情緒如何隨時間變化的一種方法是觀察公司股價與每股收益（EPS）之間的互動。</p>
<p>在五年的股價增長期間，多倫多道明銀行的每股收益實際上每年下降了 6.5%。</p>
<p>這意味着市場不太可能根據收益增長來評判公司。由於每股收益的變化似乎與股價的變化沒有相關性，因此值得關注其他指標。</p>
<p>事實上，股息隨着時間的推移而增加，這是一個積極的信號。可能是公司正在走向成熟，股息投資者正在為收益而買入。每年約 8.7% 的收入增長也可能鼓勵買家。</p>
<p>您可以在下面看到收益和收入隨時間的變化（通過點擊圖片發現確切的數值）。</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 收益和收入增長 2025 年 4 月 18 日</p>
<p>看到在過去三個月內有一些顯著的內部人士買入是件好事。這是一個積極的信號。不過，我們認為收益和收入增長趨勢是更重要的考慮因素。因此，我們建議查看這份 <strong>免費</strong> 報告，顯示共識預測。</p>
<h2>股息情況如何？</h2>
<p>考慮任何股票的總股東回報以及股價回報是很重要的。總股東回報（TSR）是一種回報計算，考慮了現金股息的價值（假設收到的任何股息都被再投資）以及任何折扣資本籌集和分拆的計算價值。因此，對於支付豐厚股息的公司，TSR 通常遠高於股價回報。在多倫多道明銀行的情況下，過去五年的 TSR 為 94%。這超過了我們之前提到的股價回報。公司支付的股息因此提升了_總_股東回報。</p>
<h2>不同的視角</h2>
<p>多倫多道明銀行的股東在過去十二個月內獲得了 12% 的回報（即使包括股息），這與一般市場回報相差不遠。我們應該注意到，五年的 TSR 更為令人印象深刻，達到了每年 14%。最近，股價增長有所放緩。但必須説，整體情況是長期和短期表現良好。可以説，這使得多倫多道明銀行成為值得關注的股票。內部人士買入股票固然好，但我們建議您查看內部人士的買入價格。</p>
<p>多倫多道明銀行並不是內部人士唯一買入的股票。因此，看看這份 <strong>免費</strong> 的小型公司名單，這些公司在吸引人的估值下被內部人士買入。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在加拿大交易所交易的股票的市場加權平均回報。</em></p>
<p>如果您想交易多倫多道明銀行，請在專業人士信賴的最低成本平台上開設賬户，Interactive Brokers。</p>
<p>IBKR 在 200 多個國家和地區擁有客户，並可訪問 160 個市場，讓您可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</p>
<p>享受無隱藏費用、無賬户最低限額，外匯轉換率低至 0.03%，遠低於大多數經紀商提供的費用。</p>
<p>贊助內容</p>

<p>對多倫多道明銀行（TSE:TD）的樂觀情緒最近有所增加，儘管其盈利在過去五年中有所下降。該銀行的股價在五年內上漲了 55%，低於市場回報，但在過去一年中上漲了 6.5%。五年來的總股東回報率（TSR）為 94%，得益於分紅。近期內部人士的買入是一個積極的信號，而該銀行每年的收入增長率為 8.7%，可能會吸引投資者。總體而言，多倫多道明銀行在長期和短期表現良好，是一隻值得關注的股票</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>長期投資的主要目的是賺錢。此外，您通常希望看到股價上漲的速度快於市場。然而，<strong>多倫多道明銀行</strong>（TSE:TD）在這一目標上未能達標，五年來股價上漲了 55%，低於市場回報。在過去的十二個月中，股價上漲了非常可觀的 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>過去一週對多倫多道明銀行的投資者來説是豐收的一週，因此讓我們看看基本面是否推動了該公司五年的表現。</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>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</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>用本傑明·格雷厄姆的話來説：短期內市場是一個投票機，但長期來看它是一個稱重機。檢查市場情緒如何隨時間變化的一種方法是觀察公司股價與每股收益（EPS）之間的互動。</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>在五年的股價增長期間，多倫多道明銀行的每股收益實際上每年下降了 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>這意味着市場不太可能根據收益增長來評判公司。由於每股收益的變化似乎與股價的變化沒有相關性，因此值得關注其他指標。</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>事實上，股息隨着時間的推移而增加，這是一個積極的信號。可能是公司正在走向成熟，股息投資者正在為收益而買入。每年約 8.7% 的收入增長也可能鼓勵買家。</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隨時間的變化（通過點擊圖片發現確切的數值）。</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 收益和收入增長 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>看到在過去三個月內有一些顯著的內部人士買入是件好事。這是一個積極的信號。不過，我們認為收益和收入增長趨勢是更重要的考慮因素。因此，我們建議查看這份 <strong>免費</strong> 報告，顯示共識預測。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情況如何？</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>考慮任何股票的總股東回報以及股價回報是很重要的。總股東回報（TSR）是一種回報計算，考慮了現金股息的價值（假設收到的任何股息都被再投資）以及任何折扣資本籌集和分拆的計算價值。因此，對於支付豐厚股息的公司，TSR 通常遠高於股價回報。在多倫多道明銀行的情況下，過去五年的 TSR 為 94%。這超過了我們之前提到的股價回報。公司支付的股息因此提升了_總_股東回報。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</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>多倫多道明銀行的股東在過去十二個月內獲得了 12% 的回報（即使包括股息），這與一般市場回報相差不遠。我們應該注意到，五年的 TSR 更為令人印象深刻，達到了每年 14%。最近，股價增長有所放緩。但必須説，整體情況是長期和短期表現良好。可以説，這使得多倫多道明銀行成為值得關注的股票。內部人士買入股票固然好，但我們建議您查看內部人士的買入價格。</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>多倫多道明銀行並不是內部人士唯一買入的股票。因此，看看這份 <strong>免費</strong> 的小型公司名單，這些公司在吸引人的估值下被內部人士買入。</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>請注意，本文中引用的市場回報反映了目前在加拿大交易所交易的股票的市場加權平均回報。</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>如果您想交易多倫多道明銀行，請在專業人士信賴的最低成本平台上開設賬户，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 多個國家和地區擁有客户，並可訪問 160 個市場，讓您可以通過一個集成賬户交易股票、期權、期貨、外匯、債券和基金。</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>享受無隱藏費用、無賬户最低限額，外匯轉換率低至 0.03%，遠低於大多數經紀商提供的費用。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>贊助內容</p>
</div>

儘管 Toronto-Dominion Bank（TSE:TD）過去五年的收益有所下降，但本週市場對其的樂觀情緒有所增加