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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.05
AMTD's Cash to Debt is ranked lower than
82% of the 613 Companies
in the Global Capital Markets industry.

( Industry Median: 9999.00 vs. AMTD: 1.05 )
Ranked among companies with meaningful Cash to Debt only.
AMTD' s Cash to Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.86 Max: No Debt
Current: 1.05
Equity to Asset 0.18
AMTD's Equity to Asset is ranked lower than
81% of the 615 Companies
in the Global Capital Markets industry.

( Industry Median: 0.59 vs. AMTD: 0.18 )
Ranked among companies with meaningful Equity to Asset only.
AMTD' s Equity to Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.10 Max: 0.28
Current: 0.18
0.04
0.28
Interest Coverage 28.55
AMTD's Interest Coverage is ranked higher than
59% of the 455 Companies
in the Global Capital Markets industry.

( Industry Median: 13.63 vs. AMTD: 28.55 )
Ranked among companies with meaningful Interest Coverage only.
AMTD' s Interest Coverage Range Over the Past 10 Years
Min: 1.8  Med: 22.92 Max: 40.65
Current: 28.55
1.8
40.65
F-Score: 5
M-Score: -2.63
WACC vs ROIC
12.21%
19.14%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 40.96
AMTD's Operating margin (%) is ranked higher than
74% of the 663 Companies
in the Global Capital Markets industry.

( Industry Median: 14.79 vs. AMTD: 40.96 )
Ranked among companies with meaningful Operating margin (%) only.
AMTD' s Operating margin (%) Range Over the Past 10 Years
Min: 34.67  Med: 40.34 Max: 51.37
Current: 40.96
34.67
51.37
Net-margin (%) 26.65
AMTD's Net-margin (%) is ranked higher than
67% of the 664 Companies
in the Global Capital Markets industry.

( Industry Median: 11.86 vs. AMTD: 26.65 )
Ranked among companies with meaningful Net-margin (%) only.
AMTD' s Net-margin (%) Range Over the Past 10 Years
Min: 22.43  Med: 25.39 Max: 32.68
Current: 26.65
22.43
32.68
ROE (%) 17.66
AMTD's ROE (%) is ranked higher than
82% of the 667 Companies
in the Global Capital Markets industry.

( Industry Median: 4.61 vs. AMTD: 17.66 )
Ranked among companies with meaningful ROE (%) only.
AMTD' s ROE (%) Range Over the Past 10 Years
Min: 13.72  Med: 16.78 Max: 33.25
Current: 17.66
13.72
33.25
ROA (%) 3.32
AMTD's ROA (%) is ranked higher than
68% of the 680 Companies
in the Global Capital Markets industry.

( Industry Median: 1.50 vs. AMTD: 3.32 )
Ranked among companies with meaningful ROA (%) only.
AMTD' s ROA (%) Range Over the Past 10 Years
Min: 3.19  Med: 3.52 Max: 4.72
Current: 3.32
3.19
4.72
Revenue Growth (3Y)(%) 7.50
AMTD's Revenue Growth (3Y)(%) is ranked higher than
57% of the 524 Companies
in the Global Capital Markets industry.

( Industry Median: 3.90 vs. AMTD: 7.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
AMTD' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -20.2  Med: 7.50 Max: 85.8
Current: 7.5
-20.2
85.8
EBITDA Growth (3Y)(%) 11.50
AMTD's EBITDA Growth (3Y)(%) is ranked higher than
55% of the 395 Companies
in the Global Capital Markets industry.

( Industry Median: 9.60 vs. AMTD: 11.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
AMTD' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -62.6  Med: 8.40 Max: 321.5
Current: 11.5
-62.6
321.5
EPS Growth (3Y)(%) 12.00
AMTD's EPS Growth (3Y)(%) is ranked higher than
55% of the 382 Companies
in the Global Capital Markets industry.

( Industry Median: 8.30 vs. AMTD: 12.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
AMTD' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -5.8  Med: 6.90 Max: 43.7
Current: 12
-5.8
43.7
» AMTD's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-10-27)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

AMTD Guru Trades in Q2 2015

Ken Heebner 730,000 sh (New)
Chuck Akre 3,158,900 sh (unchged)
Pioneer Investments 156,862 sh (unchged)
Chuck Royce 60,250 sh (-13.81%)
» More
Q3 2015

AMTD Guru Trades in Q3 2015

Chuck Akre 3,226,400 sh (+2.14%)
Pioneer Investments 156,862 sh (unchged)
Ken Heebner 600,000 sh (-17.81%)
Chuck Royce 10,615 sh (-82.38%)
» More
Q4 2015

AMTD Guru Trades in Q4 2015

Mario Gabelli 5,750 sh (New)
Jim Simons 352,926 sh (New)
George Soros 6,900 sh (New)
Pioneer Investments 275,380 sh (+75.56%)
Chuck Royce 12,715 sh (+19.78%)
Chuck Akre 2,967,500 sh (-8.02%)
Ken Heebner 60,000 sh (-90.00%)
» More
Q1 2016

AMTD Guru Trades in Q1 2016

Chuck Royce 86,815 sh (+582.78%)
Chuck Akre 2,967,500 sh (unchged)
George Soros Sold Out
Jim Simons Sold Out
Ken Heebner Sold Out
Mario Gabelli Sold Out
Pioneer Investments 204,961 sh (-25.57%)
» More
» Details

Insider Trades

Latest Guru Trades with AMTD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Brokers & Exchanges » Capital Markets
Compare:NYSE:NMR, NAS:IBKR, OTCPK:HTNGF, OTCPK:MQBKY, OTCPK:DSEEY, NYSE:RJF, NAS:ETFC, NAS:MKTX, OTCPK:CIIHF, NYSE:LAZ, OTCPK:IAPLF, OTCPK:CHNTF, NAS:BGCP, NAS:VIRT, NYSE:SF, NYSE:FSIC, NAS:LPLA, NYSE:EVR, OTCPK:PIEJF, NYSE:HLI » details
Traded in other countries:AMT.Germany,
TD Ameritrade Holding Corp is a provider of securities brokerage services and related technology-based financial services to retail investors, traders and independent registered investment advisors.

TD Ameritrade Holding Corp was established in 1971 as a local investment banking firm and began operations as a retail discount securities brokerage firm in 1975. The Company is a Delaware Corporation. The Company provides securities brokerage services, including trade execution, clearing services and margin lending, through its broker-dealer subsidiaries. The Company provides trustee, custodial and other trust-related services to retirement plans and other custodial accounts through its state-chartered trust company subsidiary. The Company's education subsidiary provides a suite of investor education products and services. The Company also provides cash sweep products through third-party banking relationships. It is a provider of securities brokerage services and technology-based financial services to retail investors and business partners. The Company provides its services predominantly through the Internet, a national branch network and relationships with independent registered investment advisors ('RIAs'). The Company uses its efficient platform to offer brokerage services to retail investors and institutions under a simple, low-cost commission structure. It has been an innovator in electronic brokerage services since entering the retail securities brokerage business in 1975. It is the first brokerage firm to offer the following products and services to retail clients: touch-tone trading; trading over the Internet; unlimited, streaming, free real-time quotes; extended trading hours; direct access to market destinations; and commitment on the speed of order execution. Since initiating online trading, it has increased the number of brokerage accounts, average daily trading volume and total assets in client accounts. It has also built, and continues to invest in, a proprietary trade processing platform that is both cost-efficient and scalable. It delivers products and services aimed at providing a comprehensive, personalized experience for active traders, long-term investors and independent RIAs. The products and services available to clients include: Common and preferred stock, Exchange-Traded Funds, Option trades, Futures and foreign exchange trades, Mutual funds, Fixed income, Margin lending and Cash management services. The Company earns commissions and transaction fees on client trades in common and preferred stock, ETFs, options, futures, foreign exchange, mutual funds and fixed income securities. It plans to continue to grow and increase its market share by advertising online, on television, in print and direct mail and on its own Web sites. These competitors include E*TRADE Financial Corporation, The Charles Schwab Corporation, Fidelity Investments and Scottrade, Inc. The securities industry is subject to regulation under federal and state law.

Ratios

vs
industry
vs
history
P/E(ttm) 18.86
AMTD's P/E(ttm) is ranked lower than
54% of the 522 Companies
in the Global Capital Markets industry.

( Industry Median: 16.97 vs. AMTD: 18.86 )
Ranked among companies with meaningful P/E(ttm) only.
AMTD' s P/E(ttm) Range Over the Past 10 Years
Min: 7.95  Med: 18.28 Max: 31.62
Current: 18.86
7.95
31.62
Forward P/E 17.42
AMTD's Forward P/E is ranked lower than
58% of the 67 Companies
in the Global Capital Markets industry.

( Industry Median: 15.50 vs. AMTD: 17.42 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 18.86
AMTD's PE(NRI) is ranked lower than
54% of the 495 Companies
in the Global Capital Markets industry.

( Industry Median: 16.56 vs. AMTD: 18.86 )
Ranked among companies with meaningful PE(NRI) only.
AMTD' s PE(NRI) Range Over the Past 10 Years
Min: 7.95  Med: 18.28 Max: 31.62
Current: 18.86
7.95
31.62
Price/Owner Earnings (ttm) 10.43
AMTD's Price/Owner Earnings (ttm) is ranked higher than
61% of the 212 Companies
in the Global Capital Markets industry.

( Industry Median: 14.30 vs. AMTD: 10.43 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
AMTD' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 5.42  Med: 19.65 Max: 8357.5
Current: 10.43
5.42
8357.5
P/B 3.24
AMTD's P/B is ranked lower than
80% of the 677 Companies
in the Global Capital Markets industry.

( Industry Median: 1.11 vs. AMTD: 3.24 )
Ranked among companies with meaningful P/B only.
AMTD' s P/B Range Over the Past 10 Years
Min: 1.85  Med: 3.40 Max: 9.6
Current: 3.24
1.85
9.6
P/S 5.12
AMTD's P/S is ranked lower than
60% of the 650 Companies
in the Global Capital Markets industry.

( Industry Median: 3.49 vs. AMTD: 5.12 )
Ranked among companies with meaningful P/S only.
AMTD' s P/S Range Over the Past 10 Years
Min: 2.18  Med: 4.81 Max: 10.38
Current: 5.12
2.18
10.38
PFCF 10.23
AMTD's PFCF is ranked higher than
59% of the 205 Companies
in the Global Capital Markets industry.

( Industry Median: 13.16 vs. AMTD: 10.23 )
Ranked among companies with meaningful PFCF only.
AMTD' s PFCF Range Over the Past 10 Years
Min: 5.43  Med: 20.97 Max: 150.24
Current: 10.23
5.43
150.24
POCF 9.68
AMTD's POCF is ranked higher than
57% of the 243 Companies
in the Global Capital Markets industry.

( Industry Median: 11.34 vs. AMTD: 9.68 )
Ranked among companies with meaningful POCF only.
AMTD' s POCF Range Over the Past 10 Years
Min: 5.15  Med: 18.06 Max: 265.32
Current: 9.68
5.15
265.32
EV-to-EBIT 11.74
AMTD's EV-to-EBIT is ranked higher than
61% of the 502 Companies
in the Global Capital Markets industry.

( Industry Median: 15.36 vs. AMTD: 11.74 )
Ranked among companies with meaningful EV-to-EBIT only.
AMTD' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.3  Med: 12.30 Max: 20.3
Current: 11.74
4.3
20.3
EV-to-EBITDA 10.34
AMTD's EV-to-EBITDA is ranked higher than
61% of the 519 Companies
in the Global Capital Markets industry.

( Industry Median: 13.41 vs. AMTD: 10.34 )
Ranked among companies with meaningful EV-to-EBITDA only.
AMTD' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.9  Med: 11.10 Max: 19.3
Current: 10.34
3.9
19.3
PEG 2.37
AMTD's PEG is ranked lower than
74% of the 145 Companies
in the Global Capital Markets industry.

( Industry Median: 1.01 vs. AMTD: 2.37 )
Ranked among companies with meaningful PEG only.
AMTD' s PEG Range Over the Past 10 Years
Min: 0.17  Med: 1.65 Max: 59.85
Current: 2.37
0.17
59.85
Shiller P/E 23.63
AMTD's Shiller P/E is ranked lower than
54% of the 83 Companies
in the Global Capital Markets industry.

( Industry Median: 22.37 vs. AMTD: 23.63 )
Ranked among companies with meaningful Shiller P/E only.
AMTD' s Shiller P/E Range Over the Past 10 Years
Min: 14.86  Med: 26.64 Max: 80
Current: 23.63
14.86
80

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.16
AMTD's Dividend Yield is ranked lower than
73% of the 451 Companies
in the Global Capital Markets industry.

( Industry Median: 3.37 vs. AMTD: 2.16 )
Ranked among companies with meaningful Dividend Yield only.
AMTD' s Dividend Yield Range Over the Past 10 Years
Min: 0.23  Med: 1.39 Max: 2.36
Current: 2.16
0.23
2.36
Dividend Payout 0.42
AMTD's Dividend Payout is ranked higher than
80% of the 276 Companies
in the Global Capital Markets industry.

( Industry Median: 0.43 vs. AMTD: 0.42 )
Ranked among companies with meaningful Dividend Payout only.
AMTD' s Dividend Payout Range Over the Past 10 Years
Min: 0.17  Med: 0.32 Max: 0.45
Current: 0.42
0.17
0.45
Dividend Growth (3y) 35.70
AMTD's Dividend Growth (3y) is ranked higher than
85% of the 211 Companies
in the Global Capital Markets industry.

( Industry Median: 6.30 vs. AMTD: 35.70 )
Ranked among companies with meaningful Dividend Growth (3y) only.
AMTD' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 35.7
Current: 35.7
0
35.7
Forward Dividend Yield 2.23
AMTD's Forward Dividend Yield is ranked lower than
74% of the 427 Companies
in the Global Capital Markets industry.

( Industry Median: 3.41 vs. AMTD: 2.23 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.16
AMTD's Yield on cost (5-Year) is ranked lower than
70% of the 554 Companies
in the Global Capital Markets industry.

( Industry Median: 2.90 vs. AMTD: 2.16 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
AMTD' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.23  Med: 1.39 Max: 2.36
Current: 2.16
0.23
2.36
3-Year Average Share Buyback Ratio 0.50
AMTD's 3-Year Average Share Buyback Ratio is ranked higher than
79% of the 299 Companies
in the Global Capital Markets industry.

( Industry Median: -2.20 vs. AMTD: 0.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AMTD' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -35.3  Med: 0.50 Max: 2.5
Current: 0.5
-35.3
2.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 8.44
AMTD's Price/Tangible Book is ranked lower than
90% of the 636 Companies
in the Global Capital Markets industry.

( Industry Median: 1.12 vs. AMTD: 8.44 )
Ranked among companies with meaningful Price/Tangible Book only.
AMTD' s Price/Tangible Book Range Over the Past 10 Years
Min: 4.21  Med: 12.40 Max: 312.58
Current: 8.44
4.21
312.58
Price/Projected FCF 1.48
AMTD's Price/Projected FCF is ranked lower than
64% of the 227 Companies
in the Global Capital Markets industry.

( Industry Median: 0.99 vs. AMTD: 1.48 )
Ranked among companies with meaningful Price/Projected FCF only.
AMTD' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.79  Med: 1.93 Max: 9.92
Current: 1.48
0.79
9.92
Price/DCF (Earnings Based) 1.76
AMTD's Price/DCF (Earnings Based) is ranked lower than
63% of the 16 Companies
in the Global Capital Markets industry.

( Industry Median: 1.39 vs. AMTD: 1.76 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.06
AMTD's Price/Median PS Value is ranked lower than
62% of the 611 Companies
in the Global Capital Markets industry.

( Industry Median: 0.95 vs. AMTD: 1.06 )
Ranked among companies with meaningful Price/Median PS Value only.
AMTD' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.34  Med: 0.96 Max: 5.11
Current: 1.06
0.34
5.11
Price/Graham Number 2.82
AMTD's Price/Graham Number is ranked lower than
85% of the 426 Companies
in the Global Capital Markets industry.

( Industry Median: 1.04 vs. AMTD: 2.82 )
Ranked among companies with meaningful Price/Graham Number only.
AMTD' s Price/Graham Number Range Over the Past 10 Years
Min: 2.02  Med: 3.78 Max: 16.15
Current: 2.82
2.02
16.15
Earnings Yield (Greenblatt) (%) 8.47
AMTD's Earnings Yield (Greenblatt) (%) is ranked higher than
71% of the 684 Companies
in the Global Capital Markets industry.

( Industry Median: 3.87 vs. AMTD: 8.47 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
AMTD' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 4.9  Med: 8.10 Max: 23.5
Current: 8.47
4.9
23.5
Forward Rate of Return (Yacktman) (%) 8.06
AMTD's Forward Rate of Return (Yacktman) (%) is ranked lower than
56% of the 187 Companies
in the Global Capital Markets industry.

( Industry Median: 10.47 vs. AMTD: 8.06 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
AMTD' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 0.1  Med: 10.90 Max: 103.7
Current: 8.06
0.1
103.7

More Statistics

Revenue (TTM) (Mil) $3,276
EPS (TTM) $ 1.62
Beta1.55
Short Percentage of Float2.56%
52-Week Range $24.88 - 37.91
Shares Outstanding (Mil)528.88

Analyst Estimate

Sep16 Sep17 Sep18 Sep19
Revenue (Mil $) 3,342 3,660 4,053 4,854
EPS ($) 1.54 1.74 2.04 2.90
EPS w/o NRI ($) 1.54 1.74 2.04 2.90
EPS Growth Rate
(3Y to 5Y Estimate)
15.79%
Dividends Per Share ($) 0.68 0.78 0.89
» More Articles for AMTD

Headlines

Articles On GuruFocus.com
Goldman Sachs and Peers: Where Do We Go from Here? Feb 18 2016 
Chuck Akre 2nd 2014 Quarter Commentary Jul 19 2014 
Charles Schwab Is a Fast Growing Stock Apr 24 2014 
Weekly 52-Week High Highlight: DG, WMT, AMTD, XOM Nov 17 2013 
52-Week High Companies: TD Ameritrade Holding Corporation, Catamaran Corp., Pentair Ltd., Seadrill L Aug 04 2013 
Yale Research Report: E*Trade May 03 2012 
Weekly Top Insider Sells: AMTD, CVS, DELL, WMT, and CTSH Mar 26 2012 
Weekly CFO Sells Highlight: INTC, DGX, EMC, AMTD, DAL Jan 31 2012 
Interest Rates Have to Go up Sometime Between Now and When I Die Sep 12 2011 
Weekly Guru Bargains Highlights: IR, MAS, USG, TRMB, AMTD Aug 27 2011 

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