TDb Split Corp (XTD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TDb Split Corp stock C$5.28, price C$9.28, that is 43.1% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range C$2.57 – C$11.49 · fair‑value band C$3.96 – C$6.60 · the C$9.28 price screens above the C$5.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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TDb Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in the stocks of a company operating in the banking sector.
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It primarily invests in the common shares of Toronto-Dominion Bank. The fund benchmarks the performance of its portfolio against the S&P TSX Financial Index. TDb Split Corp. was formed on May 24, 2007 and is domiciled in Canada.
Stock analysis
TDb Split Corp (XTD) currently trades at C$9.28, while our model-based Fair Value estimate is C$5.28, 43% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at high.
Scenario range: C$3.96 (bear) to C$6.60 (bull), the price of C$9.28 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
TDb Split Corp reported revenue of C$2.8M in FY2025 versus C$18.5M in FY2021, a compound −37.7%/yr. Reported net income was C$23.7M in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap C$49.1M (≈ $34.8M) Micro · P/E ratio 1.3 · P/S ratio 1.14 · EPS (TTM) C$7.12 · Dividend yield 5.6% · Net margin 90.1% · Return on equity 104% · Return on assets (EBIT) 9.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −43%, XTD screens richer than that median.
Fair Value models
BearC$3.96Fair Value C$5.28BullC$6.60
Price C$9.28 · Downside -43.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 11 months old). Earnings retained since then (C$6.22 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.19/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+25.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.5%
Dividend (yield on the price)5.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.5% vs 8.7%, picking up
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.91% → 958%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 12.4%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 587 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Below median
Fair Value upside−43.1% · Bottom 25%
Profitability
Return on equity (12 months)103.8% · Top 25%
Return on assets28.7% · Top 25%
Net margin (12 months)90.1% · Top 25%
Operating margin (12 months)97.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)143.5% · Top 25%
Dividend yield (12 months)5.6% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)1.3× · Cheapest 25%
P/B1.46× · Pricier than median
P/S (12 months)1.14× · Cheapest 25%
EV/EBITDA1.8× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 60
FUTURE (revenue growth)100· sector 38
PAST (return on equity)100· sector 29
HEALTH (low debt)0· sector 96
DIVIDEND (yield)100· sector 80
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is TDb Split Corp (XTD) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of C$5.28 versus a price of C$9.28, about 43% lower (overvalued).
What is the fair value of XTD?
Our model-based fair value for TDb Split Corp is C$5.28 (as of Nov 3, 2026), built from audited fundamentals. The current price: C$9.28.
What is the quality score of XTD?
TDb Split Corp has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TDb Split Corp (XTD)?
Our model-based price target is the fair value of C$5.28 (as of Nov 3, 2026) from 2 valuation models. Cautious scenario C$3.96, optimistic scenario C$6.60. It is a calculation from audited fundamentals, not an analyst target.
What is the TDb Split Corp stock forecast for 2026?
Our models put fair value at C$5.28, about 43% lower versus a price of C$9.28 (overvalued). Cautious scenario C$3.96, optimistic scenario C$6.60. The calculation is refreshed regularly with new filings.
Does TDb Split Corp pay a dividend?
TDb Split Corp currently shows a dividend yield of 5.63% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of TDb Split Corp (XTD) and when is the ex-dividend date?
TDb Split Corp pays a dividend of C$0.522 per share a year, a dividend yield of 5.6%. The last ex-dividend date was Oct 30, 2026. The payout ratio is 7.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of TDb Split Corp (XTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TDb Split Corp it is C$5.28 per share (as of Nov 3, 2026), against a price of C$9.28. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is TDb Split Corp stock overvalued or undervalued in 2026?
As of Nov 3, 2026, XTD trades above its calculated fair value: price C$9.28, fair value C$5.28, a gap of about −43% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of XTD?
No. The price is what the market pays today (C$9.28); the fair value is what the company's own numbers justify (C$5.28). For TDb Split Corp the two are C$4.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is TDb Split Corp worth?
The market values TDb Split Corp at about C$49.1M (market capitalisation, as of Nov 3, 2026). Per share that is C$9.28; our models calculate a fair value of C$5.28 per share.
What do the bullish and bearish scenarios say about XTD?
Our models span a range for TDb Split Corp: cautious scenario C$3.96, base C$5.28, optimistic C$6.60 per share (as of Nov 3, 2026, price C$9.28). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of XTD?
TDb Split Corp trades at a price-to-earnings ratio of 1.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$5.28 is built from several models across several years. Other multiples: P/B 1.5, P/S 1.1, EV/EBITDA 1.8.
How solid is the balance sheet of TDb Split Corp (XTD)?
Balance-sheet figures for TDb Split Corp (as of Nov 3, 2026): return on equity 103.8%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is XTD from its 52-week high?
TDb Split Corp trades at C$9.28, about 19% below its 52-week high of C$11.49 and 78% above the low of C$5.21 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$5.28 is for.
Which stocks are comparable to TDb Split Corp?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TDb Split Corp stock attractive at the current price?
The data as of Nov 3, 2026: price C$9.28, calculated fair value C$5.28 (−43%), Quality Score 60/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of XTD calculated?
We run TDb Split Corp through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of C$5.28 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. TDb Split Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TDb Split Corp (XTD)?
The closing price on Nov 6, 2026 was C$9.28. Our model-based fair value is C$5.28, about 43% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TDb Split Corp right now?
The price sits above even our optimistic bull case (C$6.60). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of TDb Split Corp (XTD) come from?
Earnings per share at TDb Split Corp grew −0.2 % a year from 2012 to 2023. Broken into its drivers: revenue per share +0.6 %, EBIT margin −0.8 %, tax rate −5.5 %, residual (interest, one-offs) +5.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TDb Split Corp
How large is the market capitalisation of TDb Split Corp (XTD)?
The market capitalisation of TDb Split Corp is C$49.1M (≈ $34.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TDb Split Corp (XTD)?
The price-to-sales ratio of TDb Split Corp is 1.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TDb Split Corp (XTD)?
Earnings per share at TDb Split Corp are C$7.12 (price ÷ EPS = P/E 1.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TDb Split Corp (XTD)?
The dividend yield of TDb Split Corp is 5.6% (payout 7.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TDb Split Corp (XTD)?
The net margin of TDb Split Corp is 90.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TDb Split Corp (XTD)?
The return on equity (ROE) of TDb Split Corp is 104% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TDb Split Corp (XTD)?
On an EBIT basis the return on assets of TDb Split Corp is 9.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TDb Split Corp (XTD)?
The operating margin of TDb Split Corp is 97.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TDb Split Corp (XTD)?
Revenue at TDb Split Corp is growing +144% versus a year earlier (3y avg +13.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TDb Split Corp (XTD)?
Earnings per share at TDb Split Corp are growing +146% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TDb Split Corp (XTD) generate?
The free cash flow of TDb Split Corp is −C$1.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TDb Split Corp (XTD) carry?
The net debt of TDb Split Corp is C$45.5M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 3, 2026