This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates
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Bank of Montreal TSX: BMO NYSE BMO https://www.bmo.com Fiscal Yr: Oct 31 Q1 2024 <--future
Year 10/31/11 10/31/12 10/31/13 10/31/14 10/31/15 10/31/16 10/31/17 10/31/18 10/31/19 10/31/20 10/31/21 10/31/22 10/31/23 10/31/24 10/31/25 10/31/26 Value Description #Y Item Total G
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split Date
split
$33,120 <-12 mths 6.16%
Revenue* $13,718 $16,130 $16,263 $16,718 $19,389 $21,087 $22,260 $23,037 $25,483 $25,186 $27,186 $33,710 $31,199 $33,872 $35,166 $37,474 91.84% <-Total Growth 10 Revenue
Increase 12.4% 17.6% 0.8% 2.8% 16.0% 8.8% 5.6% 3.5% 10.6% -1.2% 7.9% 24.0% -7.4% 8.6% 3.8% 6.6% 6.73% <-IRR #YR-> 10 Revenue 91.84%
5 year Running Average $11,453 $12,773 $13,985 $15,008 $16,444 $17,917 $19,143 $20,498 $22,251 $23,411 $24,630 $26,920 $28,553 $30,231 $32,227 $34,284 6.25% <-IRR #YR-> 5 Revenue 35.43%
Revenue per Share $21.47 $24.79 $25.25 $25.84 $30.17 $32.65 $34.36 $36.03 $39.87 $38.99 $41.94 $49.79 $43.28 $46.99 $48.78 $51.98 7.40% <-IRR #YR-> 10 5 yr Running Average 104.17%
Increase -0.4% 15.5% 1.9% 2.3% 16.8% 8.2% 5.2% 4.9% 10.6% -2.2% 7.6% 18.7% -13.1% 8.6% 3.8% 6.6% 6.85% <-IRR #YR-> 5 5 yr Running Average 39.29%
5 year Running Average $20.67 $21.80 $22.82 $23.78 $25.50 $27.74 $29.65 $31.81 $34.62 $36.38 $38.24 $41.32 $42.77 $44.20 $46.15 $48.16 5.54% <-IRR #YR-> 10 Revenue per Share 71.41%
P/S (Price/Sales) Med 2.78 2.31 2.59 2.94 2.49 2.40 2.73 2.52 2.42 2.06 2.60 2.69 2.79 3.57 0.00 0.00 3.73% <-IRR #YR-> 5 Revenue per Share 20.10%
P/S (Price/Sales) Close 2.74 2.38 2.88 3.14 2.52 2.61 2.88 2.73 2.45 2.03 3.20 2.52 2.42 2.75 2.65 2.49 6.49% <-IRR #YR-> 10 5 yr Running Average 87.45%
*Total Revenue as stated by BMO P/S Med 20 yr  2.64 15 yr  2.59 10 yr  2.56 5 yr  2.60 7.58% Diff M/C 6.10% <-IRR #YR-> 5 5 yr Running Average 34.46%
-$16,263 $0 $0 $0 $0 $0 $0 $0 $0 $0 $31,199
-$23,037 $0 $0 $0 $0 $31,199
-$13,985 $0 $0 $0 $0 $0 $0 $0 $0 $0 $28,553
-$20,498 $0 $0 $0 $0 $28,553
-$25.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $43.28
-$36.03 $0.00 $0.00 $0.00 $0.00 $43.28
-$22.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.77
-$31.81 $0.00 $0.00 $0.00 $0.00 $42.77
$11.64 <-12 mths -0.77%
Adjusted Profit CDN$ $3,281 $3,849 $4,038 $1,277 $4,681 $5,020 $5,508 $5,982 $6,249 $5,201 $8,651 $8,808 $8,332 106.34% <-Total Growth 10 Adjusted Profit CDN$
Return on Equity ROE 13.80% 14.70% 14.35% 4.08% 12.94% 12.85% 13.40% 14.45% 13.67% 10.40% 16.65% 13.61% 11.89% 13.17% <-Median-> 10 Return on Equity ROE
5Yr Median 13.80% 13.80% 14.35% 14.35% 13.80% 12.94% 12.94% 12.94% 13.40% 13.40% 13.67% 13.67% 13.61% 13.50% <-Median-> 10 5Yr Median
Basic $5.55 $5.97 $6.23 $1.98 $7.26 $7.77 $8.48 $9.30 $9.79 $8.11 $13.37 $13.27 $11.75 88.63% <-Total Growth 10 AEPS
AEPS* Dilued $5.29 $5.95 $6.21 $6.59 $7.00 $7.52 $8.16 $8.99 $9.43 $7.71 $12.96 $13.23 $11.73 $12.09 $13.03 $13.99 88.89% <-Total Growth 10 AEPS
Increase 9.98% 12.48% 4.37% 6.12% 6.22% 7.43% 8.51% 10.17% 4.89% -18.24% 68.09% 2.08% -11.34% 3.07% 7.78% 7.37% 10 0 10 Years of Data, EPS P or N 100.00%
5 year Running Average $4.21 $4.58 $5.07 $5.77 $6.21 $6.65 $7.10 $7.65 $8.22 $8.36 $9.45 $10.46 $11.01 $11.54 $12.61 $12.81 6.57% <-IRR #YR-> 10 AEPS 88.89%
AEPS Yield 8.98% 10.08% 8.53% 8.12% 9.21% 8.81% 8.26% 9.13% 9.67% 9.72% 9.65% 10.54% 11.19% 9.35% 10.07% 10.81% 5.46% <-IRR #YR-> 5 AEPS 30.48%
Payout Ratio 52.93% 47.06% 47.02% 46.13% 46.00% 44.68% 43.14% 41.38% 42.31% 54.60% 32.72% 38.62% 48.76% 49.96% 46.35% 43.17% 8.07% <-IRR #YR-> 10 5 yr Running Average 117.28%
5 year Running Average 68.49% 64.72% 59.23% 50.27% 47.83% 46.18% 45.39% 44.27% 43.50% 45.22% 42.83% 41.93% 43.40% 44.93% 43.28% 45.38% 7.55% <-IRR #YR-> 5 5 yr Running Average 43.91%
Price/AEPS Median 11.28 9.63 10.55 11.52 10.72 10.43 11.48 10.10 10.22 10.42 8.41 10.10 10.28 13.86 0.00 0.00 10.35 <-Median-> 10 Price/AEPS Median
Price/AEPS High 12.04 10.27 11.90 12.81 11.98 11.60 12.69 10.87 11.28 13.54 10.69 11.19 11.65 19.04 0.00 0.00 11.63 <-Median-> 10 Price/AEPS High
Price/AEPS Low 10.52 8.99 9.19 10.23 9.45 9.25 10.27 9.32 9.15 7.29 6.13 9.02 8.91 8.67 0.00 0.00 9.20 <-Median-> 10 Price/AEPS Low
Price/AEPS Close 11.13 9.92 11.73 12.32 10.86 11.35 12.11 10.95 10.34 10.29 10.37 9.49 8.93 10.70 9.93 9.25 10.62 <-Median-> 10 Price/AEPS Close
Trailing P/AEPS Close 12.24 11.16 12.24 13.07 11.54 12.19 13.14 12.06 10.85 8.41 17.43 9.68 7.92 11.03 10.70 9.93 11.80 <-Median-> 10 Trailing P/AEPS Close
Median Values DPR 10 Yrs 43.91% 5 Yrs   42.31% P/CF 5 Yrs   in order 10.22 11.28 8.91 10.29 4.74% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
-$6.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.73
-$8.99 $0.00 $0.00 $0.00 $0.00 $11.73
-$5.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11.01
-$7.65 $0.00 $0.00 $0.00 $0.00 $11.01
$7.88 <-12 mths 38.73%
EPS Basic $5.28 $6.18 $6.27 $6.44 $6.59 $6.94 $7.95 $8.19 $8.68 $7.56 $11.60 $20.04 $5.69 -9.25% <-Total Growth 10 EPS Basic
Pre Split '93
Pre Split '01
EPS Diluted* $5.26 $6.15 $6.26 $6.41 $6.57 $6.92 $7.92 $8.17 $8.66 $7.55 $11.58 $19.99 $5.68 $11.01 $12.56 $13.37 -9.27% <-Total Growth 10 EPS Diluted
Increase 10.7% 16.9% 1.8% 2.4% 2.5% 5.3% 14.5% 3.2% 6.0% -12.8% 53.4% 72.6% -71.6% 93.8% 14.1% 6.4% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 8.9% 10.4% 8.6% 7.9% 8.6% 8.1% 8.0% 8.3% 8.9% 9.5% 8.6% 15.9% 5.4% 8.5% 9.7% 10.3% -0.97% <-IRR #YR-> 10 Earnings per Share -9.27%
5 year Running Average $4.19 $4.60 $5.10 $5.77 $6.13 $6.46 $6.82 $7.20 $7.65 $7.84 $8.78 $11.19 $10.69 $11.16 $12.16 $12.52 -7.01% <-IRR #YR-> 5 Earnings per Share -30.48%
10 year Running Average $4.13 $4.48 $4.76 $4.96 $5.15 $5.33 $5.71 $6.15 $6.71 $6.99 $7.62 $9.00 $8.95 $9.41 $10.00 $10.65 7.68% <-IRR #YR-> 10 5 yr Running Average 109.65%
*Fully diluted EPS, not basic before goodwill, as on Globe & Mail site E/P 10 Yrs 8.46% 5Yrs 8.88% 8.24% <-IRR #YR-> 5 5 yr Running Average 48.54%
-$6.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.68
-$8.17 $0.00 $0.00 $0.00 $0.00 $5.68
-$5.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.69
-$7.20 $0.00 $0.00 $0.00 $0.00 $10.69
Dividend* $6.13 $6.44 $6.38 Estimates Dividend*
Increase 7.17% 5.06% -0.93% Estimates Increase
Payout Ratio EPS 55.68% 51.27% 47.72% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Pre Split 93 Pre Split 93
Pre Split '01 Pre Split '01
Dividend* $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $5.72 $6.04 $6.04 $6.04 95.89% <-Total Growth 10 Dividends
Increase 0.00% 0.00% 4.29% 4.11% 5.92% 4.35% 4.76% 5.68% 7.26% 5.51% 0.71% 20.52% 11.94% 5.59% 0.00% 0.00% 30 0 40 Years of data, Count P, N 75.00%
Average Increases 5 Year Running 4.65% 0.66% 0.86% 1.68% 2.86% 3.73% 4.69% 4.96% 5.59% 5.51% 4.79% 7.94% 9.19% 8.86% 7.75% 7.61% 4.88% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $2.78 $2.80 $2.82 $2.87 $2.96 $3.07 $3.21 $3.37 $3.56 $3.76 $3.94 $4.25 $4.65 $5.06 $5.43 $5.79 64.80% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 4.69% 4.89% 4.46% 4.00% 4.29% 4.29% 3.76% 4.10% 4.14% 5.24% 3.89% 3.82% 4.74% 3.61% 4.12% <-Median-> 10 Dividends Item
Yield on High  Price 4.40% 4.58% 3.95% 3.60% 3.84% 3.85% 3.40% 3.81% 3.75% 4.03% 3.06% 3.45% 4.18% 2.62% 3.78% <-Median-> 10 Dividends EPS
Yield on Low Price 5.03% 5.24% 5.12% 4.51% 4.87% 4.83% 4.20% 4.44% 4.62% 7.49% 5.33% 4.28% 5.47% 5.76% 4.73% <-Median-> 10 Dividends AEPS
Yield on Close Price 4.75% 4.74% 4.01% 3.74% 4.23% 3.94% 3.56% 3.78% 4.09% 5.31% 3.16% 4.07% 5.46% 4.67% 4.67% 4.67% 4.00% <-Median-> 10 Dividends CFPS
Payout Ratio EPS 53.23% 45.53% 46.65% 47.43% 49.01% 48.55% 44.44% 45.53% 46.07% 55.76% 36.61% 25.56% 100.70% 54.86% 48.09% 45.18% 46.75% <-Median-> 10 DPR EPS FCF 
DPR EPS 5 Yr Running 66.36% 60.87% 55.37% 49.81% 48.22% 47.48% 47.12% 46.85% 46.57% 47.93% 44.85% 38.02% 43.53% 45.37% 44.64% 46.24% 46.99% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 312.80% 17.76% 16.45% -67.20% 88.69% -81.94% 78.42% 13.28% 8.70% 5.35% 6.24% 69.80% 42.99% 45.40% #VALUE! #DIV/0! 10.99% <-Median-> 10 DPR CF
DPR CF 5 Yr Running -62.14% 38.23% 30.71% 78.63% 44.10% 53.79% 93.13% 61.28% 22.87% 12.29% 8.75% 9.34% 10.92% 14.02% #VALUE! #DIV/0! 33.48% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 70.72% 36.73% 37.37% 85.71% -242.57% 40.26% 31.56% 39.54% 23.36% 39.63% 27.72% -56.81% 86.74% 91.59% #VALUE! #DIV/0! 35.55% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 30.51% 27.39% 26.35% 50.06% 68.38% 59.00% 54.38% 54.17% 39.88% 33.21% 30.96% 48.99% 57.31% 84.08% #VALUE! #DIV/0! 52.11% <-Median-> 10 DPR CF WC 5 Yr Running
Median 5 Yrs 10 Yr Med 10 Yr Cl 4.12% 4.00% 5 Yr Med 5 Yr Cl 4.14% 4.09% 5 Yr Med Payout 46.07% 8.70% 27.72% 8.99% <-IRR #YR-> 5 Dividends 53.76%
* Dividends per share  10 Yr Med and Cur. 13.33% 16.60% 5 Yr Med and Cur. 12.73% 14.09% Last Div Inc ---> $1.47 $1.51 2.72% 6.96% <-IRR #YR-> 10 Dividends 95.89%
Dividends Growth 15 4.88% <-IRR #YR-> 15 Dividends 104.29%
Dividends Growth 20 7.53% <-IRR #YR-> 20 Dividends 326.87%
Dividends Growth 25 7.77% <-IRR #YR-> 25 Dividends 410.71%
Dividends Growth 30 8.09% <-IRR #YR-> 30 Dividends 930.63%
Dividends Growth 35 7.21% <-IRR #YR-> 35 Dividends 1044.00%
Dividends Growth 40 6.34% <-IRR #YR-> 40 Dividends
Dividends Growth 5 -$3.72 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 5
Dividends Growth 10 -$2.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 20
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 30
Dividends Growth 35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.72 Dividends Growth 40
Historical Dividends Historical High Div 8.42% Low Div 2.66% 10 Yr High 7.28% 10 Yr Low 3.16% Med Div 4.46% Close Div 4.23% Historical Dividends
High/Ave/Median Values Curr diff Exp. -44.55%     75.52% Exp. -35.87% 47.75% Cheap 4.68% Cheap 10.25% High/Ave/Median 
Historical Dividends 1988 Historical High Div 7.89% Low Div 2.64% 10 Yr High 7.28% 10 Yr Low 3.16% Med Div 4.21% Close Div 4.08% Historical Dividends
Future Dividend Yield Div Yd 7.18% earning in 5 Years at IRR of 8.99% Div Inc. 53.76% Future Dividend Yield
Future Dividend Yield Div Yd 11.04% earning in 10 Years at IRR of 8.99% Div Inc. 136.43% Future Dividend Yield
Future Dividend Yield Div Yd 16.97% earning in 15 Years at IRR of 8.99% Div Inc. 263.55% Future Dividend Yield
Future Dividend Paid Div Paid $9.29 earning in 5 Years at IRR of 8.99% Div Inc. 53.76% Future Dividend Paid
Future Dividend Paid Div Paid $14.28 earning in 10 Years at IRR of 8.99% Div Inc. 136.43% Future Dividend Paid
Future Dividend Paid Div Paid $21.96 earning in 15 Years at IRR of 8.99% Div Inc. 263.55% Future Dividend Paid
Dividend Covering Cost Total Div $36.14 over 5 Years at IRR of 8.99% Div Cov. 27.93% Dividend Covering Cost
Dividend Covering Cost Total Div $82.42 over 10 Years at IRR of 8.99% Div Cov. 63.71% Dividend Covering Cost
Dividend Covering Cost Total Div $153.58 over 15 Years at IRR of 8.99% Div Cov. 118.71% Dividend Covering Cost
I am earning GC Div Gr 1132.65% 10/04/83 # yrs -> 41 1983 $7.37 Cap Gain 1655.36% I am earning GC
I am earning Div org yield 6.65% 10/31/24 Trading Div G Yrly 6.30% Div start $0.49 -6.65% 81.95% I am earning Div
I am earning GC Div Gr 115.71% 11/28/08 # yrs -> 16 2008 $58.09 Cap Gain 122.71% I am earning GC
I am earning Div org yield 4.82% 10/31/24 Pension Div G Yrly 4.94% Div start $2.80 -4.82% 10.40% I am earning Div
Yield if held 5 years 4.42% 4.20% 5.80% 7.68% 5.58% 5.63% 6.15% 5.68% 5.26% 5.61% 5.41% 5.46% 6.30% 6.27% 7.52% 5.54% 5.62% <-Median-> 10 Paid Median Price
Yield if held 10 years 7.26% 7.88% 6.62% 5.58% 5.44% 5.31% 5.28% 7.39% 10.07% 7.30% 7.11% 8.92% 8.73% 7.96% 8.05% 7.70% 7.20% <-Median-> 10 Paid Median Price
Yield if held 15 years 15.77% 11.13% 8.42% 10.22% 11.34% 8.71% 9.91% 8.44% 7.33% 7.12% 6.70% 7.67% 11.36% 15.25% 10.47% 10.12% 8.57% <-Median-> 10 Paid Median Price
Yield if held 20 years 34.53% 26.24% 23.99% 23.05% 23.37% 18.92% 13.99% 10.72% 13.42% 14.82% 10.99% 14.38% 12.97% 11.09% 10.21% 9.54% 14.19% <-Median-> 10 Paid Median Price
Yield if held 25 years 36.30% 35.42% 43.23% 39.87% 43.75% 41.43% 32.98% 30.56% 30.26% 30.55% 23.88% 20.31% 16.49% 20.31% 21.27% 15.66% 30.56% <-Median-> 10 Paid Median Price
Yield if held 30 years 39.78% 48.29% 48.52% 43.56% 44.53% 55.07% 52.33% 57.20% 52.28% 47.88% 46.99% 45.80% 43.83% 34.02% 48.41% <-Median-> 10 Paid Median Price
Yield if held 35 years 50.68% 63.38% 63.44% 54.97% 64.64% 84.68% 79.21% 82.07% 74.48% 63.41% <-Median-> 6 Paid Median Price
Yield if held 40 years 77.93% 95.95% 91.02% 78.31% 77.93% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 21.97% 21.01% 28.05% 36.26% 25.62% 25.71% 28.04% 25.74% 23.46% 25.06% 25.10% 22.71% 25.63% 26.28% 33.80% 26.55% 25.63% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 57.42% 66.85% 57.45% 49.17% 47.59% 46.19% 45.12% 61.54% 81.23% 58.22% 58.69% 65.17% 61.28% 56.82% 61.24% 62.03% 58.45% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 151.36% 114.75% 89.12% 111.07% 124.12% 97.19% 112.06% 95.69% 81.87% 79.37% 77.27% 77.05% 107.76% 145.16% 105.29% 107.21% 96.44% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 368.70% 301.44% 283.72% 280.45% 287.06% 237.75% 178.58% 137.73% 170.96% 190.32% 148.20% 171.94% 148.47% 128.36% 125.27% 122.98% 175.26% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 421.22% 440.10% 550.85% 520.92% 576.26% 557.86% 451.93% 422.24% 415.51% 423.47% 348.58% 263.11% 204.81% 256.11% 285.92% 223.25% 422.86% <-Median-> 10 Paid Median Price
Cost covered if held 30 years 540.57% 670.81% 677.47% 620.12% 643.26% 800.44% 754.49% 831.71% 800.54% 651.24% 613.42% 607.51% 620.48% 511.62% 674.14% <-Median-> 10 Paid Median Price
Cost covered if held 35 years 770.27% 953.73% 960.76% 875.29% 912.33% 1144.93% 1086.56% 1200.63% 1157.53% 933.03% <-Median-> 6 Paid Median Price
Cost covered if held 40 years 1053.68% 1316.12% 1331.50% 1217.10% 1053.68% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $23,037 $25,483 $25,186 $27,186 $33,710 $31,199 $33,120 <-12 mths 6.16% 35.43% <-Total Growth 5 Revenue Growth  35.43%
AEPS Growth $8.99 $9.43 $7.71 $12.96 $13.23 $11.73 $11.64 <-12 mths -0.77% 30.48% <-Total Growth 5 AEPS Growth 30.48%
Net Income Growth $5,450 $5,758 $5,097 $7,754 $13,537 $4,377 $5,398 <-12 mths 23.33% -24.51% <-Total Growth 5 Net Income Growth -24.51%
Cash Flow Growth $17,912 $29,303 $50,836 $44,049 $4,957 $9,591 -86.76% <-Total Growth 5 Cash Flow Growth -86.76%
Dividend Growth $3.72 $3.99 $4.21 $4.24 $5.11 $5.72 $6.04 <-12 mths 5.59% 53.76% <-Total Growth 5 Dividend Growth 53.76%
Stock Price Growth $98.43 $97.50 $79.33 $134.37 $125.49 $104.79 $129.37 <-12 mths 23.46% 6.46% <-Total Growth 5 Stock Price Growth 6.46%
Revenue Growth  $16,263 $16,718 $19,389 $21,087 $22,260 $23,037 $25,483 $25,186 $27,186 $33,710 $31,199 $33,872 <-this year 8.57% 91.84% <-Total Growth 10 Revenue Growth  91.84%
AEPS Growth $6.21 $6.59 $7.00 $7.52 $8.16 $8.99 $9.43 $7.71 $12.96 $13.23 $11.73 $12.09 <-this year 3.07% 88.89% <-Total Growth 10 AEPS Growth 88.89%
Net Income Growth $4,248 $4,333 $4,405 $4,631 $5,350 $5,450 $5,758 $5,097 $7,754 $13,537 $4,377 $5,790 <-this year 32.28% 3.04% <-Total Growth 10 Net Income Growth 3.04%
Cash Flow Growth $11,433 -$2,927 $2,333 -$2,648 $2,908 $17,912 $29,303 $50,836 $44,049 $4,957 $9,591 -19.21% <-Total Growth 10 Cash Flow Growth -19.21%
Dividend Growth $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $5.72 $6.13 <-this year 7.17% 95.89% <-Total Growth 10 Dividend Growth 95.89%
Stock Price Growth $72.82 $81.19 $76.04 $85.36 $98.83 $98.43 $97.50 $79.33 $134.37 $125.49 $104.79 $129.37 <-this year 23.46% 43.90% <-Total Growth 10 Stock Price Growth 43.90%
Dividends on Shares $204.40 $204.40 $213.16 $221.92 $235.06 $245.28 $256.96 $271.56 $291.27 $307.33 $309.52 $373.03 $417.56 $440.92 $440.92 $440.92 $5,450.55 Total Divs 30 Total Dividends 12/31/93
Paid  $4,079.24 $4,442.78 $5,169.13 $5,999.14 $5,699.84 $7,049.61 $7,343.07 $6,510.87 $7,346.72 $7,064.94 $9,941.87 $8,954.18 $9,571.03 $9,444.01 $9,444.01 $9,444.01 $9,571.03 Worth 30 Worth $13.81
Total $15,021.58 Total Return
Dividends on Shares $45.60 $48.30 $50.40 $52.80 $55.80 $59.85 $63.15 $63.60 $76.65 $85.80 $90.60 $90.60 $90.60 $601.95 No of Years 10 Total Dividends 12/31/13
Paid  $1,062.15 $1,232.70 $1,171.20 $1,448.55 $1,508.85 $1,337.85 $1,509.60 $1,451.70 $2,042.85 $1,839.90 $1,966.65 $1,940.55 $1,940.55 $1,940.55 $1,966.65 No of Years 10 Worth $70.81
Total $2,568.60
Graham No. AEPS $66.55 $73.40 $78.13 $84.65 $94.17 $101.17 $107.95 $114.43 $123.20 $115.88 $152.90 $168.69 $160.17 $162.61 $168.82 $174.93 105.00% <-Total Growth 10 Graham Price AEPS
Price/GP Ratio Med 0.90 0.78 0.84 0.90 0.80 0.77 0.87 0.79 0.78 0.69 0.71 0.79 0.75 1.03 0.79 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.96 0.83 0.95 1.00 0.89 0.86 0.96 0.85 0.86 0.90 0.91 0.88 0.85 1.42 0.88 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.84 0.73 0.73 0.80 0.70 0.69 0.78 0.73 0.70 0.49 0.52 0.71 0.65 0.64 0.70 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.88 0.80 0.93 0.96 0.81 0.84 0.92 0.86 0.79 0.68 0.88 0.74 0.65 0.80 0.77 0.74 0.83 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -11.51% -19.60% -6.80% -4.09% -19.25% -15.63% -8.44% -13.98% -20.86% -31.54% -12.12% -25.61% -34.58% -20.44% -23.37% -26.04% -17.44% <-Median-> 10 Graham Price
Graham No. EPS $66.36 $74.63 $78.45 $83.49 $91.23 $97.05 $106.35 $109.09 $118.06 $114.67 $144.53 $207.36 $111.46 $155.18 $165.74 $171.01 42.08% <-Total Growth 10 Graham Price EPS
Price/GP Ratio Med 0.90 0.77 0.83 0.91 0.82 0.81 0.88 0.83 0.82 0.70 0.75 0.64 1.08 1.08 0.82 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.96 0.82 0.94 1.01 0.92 0.90 0.97 0.90 0.90 0.91 0.96 0.71 1.23 1.48 0.92 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.84 0.72 0.73 0.81 0.73 0.72 0.79 0.77 0.73 0.49 0.55 0.58 0.94 0.68 0.73 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.89 0.79 0.93 0.97 0.83 0.88 0.93 0.90 0.83 0.69 0.93 0.61 0.94 0.83 0.78 0.76 0.89 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -11.26% -20.91% -7.17% -2.76% -16.65% -12.05% -7.07% -9.77% -17.42% -30.82% -7.03% -39.48% -5.98% -16.63% -21.95% -24.35% -10.91% <-Median-> 10 Graham Price
Month, Year December Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 40.00 <Count Years> 36 Month, Year
Pre Split '92
Pre Split '01
Price Close $55.88 $60.86 $70.81 $82.18 $78.08 $96.57 $100.59 $89.19 $100.64 $96.78 $136.19 $122.66 $131.11 $129.37 $129.37 $129.37 85.16% <-Total Growth 10 Stock Price
Increase -2.78% 8.91% 16.35% 16.06% -4.99% 23.68% 4.16% -11.33% 12.84% -3.84% 40.72% -9.93% 6.89% -1.33% 0.00% 0.00% 15.08 <-Median-> 10 CAPE (10 Yr P/E)
P/E 10.62 9.90 11.31 12.82 11.88 13.96 12.70 10.92 11.62 12.82 11.76 6.14 23.08 11.75 10.30 9.68 8.01% <-IRR #YR-> 5 Stock Price 47.00%
Trailing P/E 11.76 11.57 11.51 13.13 12.18 14.70 14.54 11.26 12.32 11.18 18.04 10.59 6.56 22.78 11.75 10.30 6.35% <-IRR #YR-> 10 Stock Price 85.16%
CAPE (10 Yr P/E) 13.53 13.60 14.88 16.58 15.16 18.13 17.62 14.50 15.01 13.85 17.88 13.62 14.66 13.76 12.93 12.15 12.44% <-IRR #YR-> 5 Price & Dividend 77.26%
Median 10, 5 Yrs D.  per yr 4.21% 4.43% % Tot Ret 39.88% 35.61% T P/E 12.25 11.18 P/E:  12.29 11.76 10.57% <-IRR #YR-> 10 Price & Dividend 145.95%
Price  15 D.  per yr 6.21% % Tot Ret 38.25% CAPE Diff -22.10% 10.03% <-IRR #YR-> 15 Stock Price 319.55%
Price  20 D.  per yr 3.82% % Tot Ret 45.45% 4.58% <-IRR #YR-> 20 Stock Price 145.07%
Price  25 D.  per yr 4.10% % Tot Ret 40.76% 5.96% <-IRR #YR-> 25 Stock Price 324.99%
Price  30 D.  per yr 5.06% % Tot Ret 39.40% 7.79% <-IRR #YR-> 30 Stock Price 849.21%
Price  35 D.  per yr 6.14% % Tot Ret 41.28% 8.73% <-IRR #YR-> 35 Stock Price 1773.00%
Price  40 D.  per yr 5.22% % Tot Ret 40.56% 7.65% <-IRR #YR-> 40 Stock Price 1805.67%
Price & Dividend 15 16.24% <-IRR #YR-> 15 Price & Dividend 15 502.11%
Price & Dividend 20 8.40% <-IRR #YR-> 20 Price & Dividend 20 269.93%
Price & Dividend 25 10.06% <-IRR #YR-> 25 Price & Dividend 25 558.14%
Price & Dividend 30 12.85% <-IRR #YR-> 30 Price & Dividend 30 1393.79%
Price & Dividend 35 14.87% <-IRR #YR-> 35 Price & Dividend 35 2465.54%
Price & Dividend 40 12.86% <-IRR #YR-> 40 Price & Dividend 35 2972.78%
Price  5 -$89.19 $0.00 $0.00 $0.00 $0.00 $131.11 Price  5
Price 10 -$70.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price 10
Price & Dividend 5 -$89.19 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 5
Price & Dividend 10 -$70.81 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price  30
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.11 Price  40
Price & Dividend 15 $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 15
Price & Dividend 20 $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 20
Price & Dividend 25 $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 25
Price & Dividend 30 $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 30
Price & Dividend 35 $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 35
Price & Dividend 40 $2.80 $2.80 $2.92 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $136.83 Price & Dividend 40
Month, Year October Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Oct-21 Oct-22 Oct-23 Oct-24 Oct-25 Oct-26 40.00 <Count Years> Month, Year
Pre Split '92
Pre Split '01
Price Close $58.89 $59.02 $72.82 $81.19 $76.04 $85.36 $98.83 $98.43 $97.50 $79.33 $134.37 $125.49 $104.79 $129.37 $129.37 $129.37 43.90% <-Total Growth 10 Stock Price
Increase -2.22% 0.22% 23.38% 11.49% -6.34% 12.26% 15.78% -0.40% -0.94% -18.64% 69.38% -6.61% -16.50% 23.46% 0.00% 0.00% 3.71% <-IRR #YR-> 10 Stock Price 43.90%
P/E 11.20 9.60 11.63 12.67 11.57 12.34 12.48 12.05 11.26 10.51 11.60 6.28 18.45 11.75 10.30 9.68 1.26% <-IRR #YR-> 5 Stock Price 6.46%
Trailing P/E 12.40 11.22 11.84 12.97 11.86 12.99 14.28 12.43 11.93 9.16 17.80 10.84 5.24 22.78 11.75 10.30 8.27% <-IRR #YR-> 10 Price & Dividend 103.02%
Median 10, 5 Yrs D.  per yr 4.56% 4.57% % Tot Ret 55.18% 78.38% T P/E 12.18 10.84 P/E:  11.83 11.26 5.83% <-IRR #YR-> 5 Price & Dividend 33.88%
-$72.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $104.79
-$98.43 $0.00 $0.00 $0.00 $0.00 $104.79
-$72.82 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $110.51
-$98.43 $3.99 $4.21 $4.24 $5.11 $110.51
Price H/L Median $59.67 $57.28 $65.49 $75.91 $75.03 $78.40 $93.68 $90.79 $96.34 $80.34 $109.04 $133.68 $120.61 $167.51 84.16% <-Total Growth 10 Stock Price
Increase 3.45% -4.01% 14.33% 15.91% -1.16% 4.49% 19.48% -3.09% 6.12% -16.61% 35.73% 22.60% -9.78% 38.89% 6.30% <-IRR #YR-> 10 Stock Price 84.16%
P/E 11.34 9.31 10.46 11.84 11.42 11.33 11.83 11.11 11.12 10.64 9.42 6.69 21.23 15.21 5.84% <-IRR #YR-> 5 Stock Price 32.85%
Trailing P/E 12.56 10.89 10.65 12.13 11.71 11.93 13.54 11.46 11.79 9.28 14.44 11.54 6.03 29.49 10.86% <-IRR #YR-> 10 Price & Dividend 149.89%
P/E on Run. 5 yr Ave 14.23 12.45 12.84 13.17 12.24 12.13 13.74 12.61 12.60 10.24 12.42 11.95 11.28 15.01 10.37% <-IRR #YR-> 5 Price & Dividend 62.58%
P/E on Run. 10 yr Ave 14.45 12.80 13.76 15.31 14.57 14.72 16.41 14.76 14.36 11.50 14.31 14.85 13.48 17.81 11.11 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 4.57% 4.53% % Tot Ret 42.04% 43.66% T P/E 11.75 11.54 P/E:  11.23 10.64 Count 40 Years of data
-$65.49 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $120.61
-$90.79 $0.00 $0.00 $0.00 $0.00 $120.61
-$65.49 $3.04 $3.22 $3.36 $3.52 $3.72 $3.99 $4.21 $4.24 $5.11 $126.33
-$90.79 $3.99 $4.21 $4.24 $5.11 $126.33
High Months Apr 11 Jan 12 Oct 13 Sep 13 Nov14 Sep 16 Mar 17 Apr 18 May 19 Jan 20 Oct 21 Mar 22 Feb 23 Dec 23
Pre Split '92
Pre Split '01
Price High $63.67 $61.08 $73.90 $84.42 $83.88 $87.24 $103.52 $97.74 $106.36 $104.43 $138.57 $148.01 $136.68 $230.21 84.95% <-Total Growth 10 Stock Price
Increase -2.66% -4.07% 20.99% 14.24% -0.64% 4.01% 18.66% -5.58% 8.82% -1.81% 32.69% 6.81% -7.65% 68.43% 6.34% <-IRR #YR-> 10 Stock Price 84.95%
P/E 12.10 9.93 11.81 13.17 12.77 12.61 13.07 11.96 12.28 13.83 11.97 7.40 24.06 20.91 6.94% <-IRR #YR-> 5 Stock Price 39.84%
Trailing P/E 13.40 11.61 12.02 13.49 13.09 13.28 14.96 12.34 13.02 12.06 18.35 12.78 6.84 40.53 13.17 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 13.05 12.78 P/E:  12.69 12.28 14.54 P/E Ratio Historical High
-$73.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $136.68
-$97.74 $0.00 $0.00 $0.00 $0.00 $136.68
Low Months Aug 11 Jun 12 Nov 12 Feb 14 Aug 15 Feb 16 Nov 16 Nov 16 Dec18 Mar 20 Nov 21 Jul 22 Oct 23 Nov 23
Pre Split '92
Pre Split '01
Price Low $55.67 $53.48 $57.08 $67.40 $66.18 $69.56 $83.83 $83.83 $86.32 $56.24 $79.50 $119.34 $104.53 $104.81 83.13% <-Total Growth 10 Stock Price
Increase 11.45% -3.93% 6.73% 18.08% -1.81% 5.11% 20.51% 0.00% 2.97% -34.85% 41.36% 50.11% -12.41% 0.27% 6.24% <-IRR #YR-> 10 Stock Price 83.13%
P/E 10.58 8.70 9.12 10.51 10.07 10.05 10.58 10.26 9.97 7.45 6.87 5.97 18.40 9.52 4.51% <-IRR #YR-> 5 Stock Price 24.69%
Trailing P/E 11.72 10.17 9.28 10.77 10.32 10.59 12.11 10.58 10.57 6.49 10.53 10.31 5.23 18.45 10.26 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 10.55 10.31 P/E:  10.06 7.45 6.17 P/E Ratio Historical Low
-$57.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $104.53
-$83.83 $0.00 $0.00 $0.00 $0.00 $104.53
Free Cash Flow MS $977 $9,597 $10,829 -$3,664 $1,726 -$3,339 $2,117 $17,026 $28,175 $49,800 $43,070 $3,510 $7,910 -26.96% <-Total Growth 10 Free Cash Flow
Change 882.29% 12.84% -133.84% 147.11% -293.45% 163.40% 704.25% 65.48% 76.75% -13.51% -91.85% 125.36% -14.21% <-IRR #YR-> 5 Free Cash Flow MS -53.54%
FCF/CF from Op Ratio 1.71 0.94 0.95 1.25 0.74 1.26 0.73 0.95 0.96 0.98 0.98 0.71 0.82 -3.09% <-IRR #YR-> 10 Free Cash Flow MS -26.96%
Dividends paid $1,661 $1,419 $1,896 $1,851 $2,135 $2,219 $2,010 $2,582 $2,752 $2,475 $2,980 $2,595 $2,703 42.56% <-Total Growth 10 Dividends paid
Percentage paid 170.01% 14.79% 17.51% -50.52% 123.70% -66.46% 94.95% 15.17% 9.77% 4.97% 6.92% 73.93% 34.17% $0.12 <-Median-> 10 Percentage paid
5 Year Coverage 46.04% 62.84% 131.84% 77.87% 25.59% 12.84% 9.13% 9.45% 10.20% 5 Year Coverage
Dividend Coverage Ratio 0.59 6.76 5.71 -1.98 0.81 -1.50 1.05 6.59 10.24 20.12 14.45 1.35 2.93 2.14 <-Median-> 10 Dividend Coverage Ratio
5 Year of Coverage 2.17 1.59 0.76 1.28 3.91 7.79 10.95 10.58 9.81 5 Year of Coverage
-$17,026 $0 $0 $0 $0 $7,910
-$10,829 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,910
Free Cash Flow WSJ $6,739 $6,149 $4,614 $11,689 $9,419 -$928 $12,939 $32,142 $16,079 138.60% <-Total Growth 8 Free Cash Flow
Change -8.76% -24.96% 153.34% -19.42% -109.85% 1494.29% 148.41% -49.98% 6.59% <-IRR #YR-> 5 Free Cash Flow MS 37.56%
FCF/CF from Op Ratio 2.89 -2.32 1.59 0.65 0.32 -0.02 0.29 6.48 1.68 11.48% <-IRR #YR-> 8 Free Cash Flow MS #DIV/0!
Dividends paid $2,135 $2,219 $2,010 $2,582 $2,752 $2,475 $2,980 $2,595 $2,703 26.60% <-Total Growth 8 Dividends paid
Percentage paid 31.68% 36.09% 43.56% 22.09% 29.22% -266.70% 23.03% 8.07% 16.81% $0.23 <-Median-> 9 Percentage paid
5 Year Covrage 30.30% 38.90% 33.92% 20.51% 19.39% 5 Year Coverage
Dividend Coverage Ratio 3.16 2.77 2.30 4.53 3.42 -0.37 4.34 12.39 5.95 3.42 <-Median-> 9 Dividend Coverage Ratio
5 Year of Coverage 3.30 2.57 2.95 4.88 5.16 5 Year of Coverage
-$11,689 $0 $0 $0 $0 $16,079
-$6,739 $0 $0 $0 $0 $0 $0 $0 $16,079
Market Cap $37,631 $38,406 $46,906 $52,534 $48,862 $55,122 $64,024 $62,929 $62,325 $51,238 $87,090 $84,970 $75,544 $93,264 $93,264 $93,264 61.06% <-Total Growth 10 Market Cap
Pre Split '01 (report 1997)
Diluted # of Shares in Million 593.56 648.62 649.81 648.48 647.16 644.05 651.96 644.91 640.36 642.13 648.68 665.71 710.52 710.52 9.34% <-Total Growth 10 Diluted
Change 5.40% 9.28% 0.18% -0.20% -0.20% -0.48% 1.23% -1.08% -0.71% 0.28% 1.02% 2.63% 6.73% 0.00% 0.04% <-Median-> 10 Change
Difference Diluted/Basic -0.4% -0.6% -0.2% -0.4% -0.3% 0.3% -0.4% -0.3% -0.3% -0.1% -0.2% -0.3% -0.2% -0.2% -0.28% <-Median-> 10 Difference Diluted/Basic
Pre Split '01 (report 1997)
Average # of Shares in Million 591.40 644.41 648.48 645.86 644.92 646.15 649.65 642.93 638.39 641.42 647.16 663.99 709.36 709.36 9.39% <-Total Growth 10 Basic
Change 5.64% 8.96% 0.63% -0.40% -0.15% 0.19% 0.54% -1.03% -0.71% 0.48% 0.89% 2.60% 6.83% 0.00% 0.33% <-Median-> 10 Change
Difference 8.0% 1.0% -0.7% 0.2% -0.4% -0.1% -0.3% -0.6% 0.1% 0.7% 0.2% 2.0% 1.6% 1.6% 0.14% <-Median-> 10 Difference
Pre Split '01 (report 1997)
# of Share in Millions 639.000 650.727 644.130 647.050 642.583 645.761 647.816 639.330 639.232 645.889 648.136 677.107 720.909 720.909 720.909 720.909 1.13% <-IRR #YR-> 10 Shares 11.92%
Change 12.80% 1.84% -1.01% 0.45% -0.69% 0.49% 0.32% -1.31% -0.02% 1.04% 0.35% 4.47% 6.47% 0.00% 0.00% 0.00% 2.43% <-IRR #YR-> 5 Shares 12.76%
Cash Flow from Operations $M $572 $10,258 $11,433 -$2,927 $2,333 -$2,648 $2,908 $17,912 $29,303 $50,836 $44,049 $4,957 $9,591 $9,591 <-12 mths -16.11% <-Total Growth 10 Cash Flow
Increase 108.69% 1693.36% 11.45% -125.60% 179.71% -213.50% 209.82% 515.96% 63.59% 73.48% -13.35% -88.75% 93.48% 0.00% <-12 mths S.Issues DRIP, SO Buy Backs
5 year Running Average -$2,106 $4,257 $5,695 $2,550 $4,334 $3,690 $2,220 $3,516 $9,962 $19,662 $29,002 $29,411 $27,747 $23,805 <-12 mths 387.25% <-Total Growth 10 CF 5 Yr Running
CFPS $0.90 $15.76 $17.75 -$4.52 $3.63 -$4.10 $4.49 $28.02 $45.84 $78.71 $67.96 $7.32 $13.30 $13.30 <-12 mths -25.05% <-Total Growth 10 Cash Flow per Share
Increase 107.70% 1661.04% 12.60% -125.49% 180.26% -212.94% 209.47% 524.13% 63.62% 71.70% -13.65% -89.23% 81.73% 0.00% <-12 mths -1.74% <-IRR #YR-> 10 Cash Flow -16.11%
5 year Running Average -$4.48 $7.32 $9.20 $3.65 $6.70 $5.70 $3.45 $5.50 $15.58 $30.59 $45.00 $45.57 $42.63 $36.12 <-12 mths -11.74% <-IRR #YR-> 5 Cash Flow -46.45%
P/CF on Med Price 66.66 3.63 3.69 -16.78 20.67 -19.12 20.87 3.24 2.10 1.02 1.60 18.26 9.07 12.59 <-12 mths -2.84% <-IRR #YR-> 10 Cash Flow per Share -25.05%
P/CF on Closing Price 65.79 3.74 4.10 -17.95 20.94 -20.82 22.02 3.51 2.13 1.01 1.98 17.14 7.88 9.72 <-12 mths -13.84% <-IRR #YR-> 5 Cash Flow per Share -52.51%
264.06% Diff M/C 16.58% <-IRR #YR-> 10 CFPS 5 yr Running 363.59%
Excl.Working Capital CF $1,958 -$5,298 -$6,400 $5,222 -$3,186 $8,037 $4,317 -$11,897 -$18,383 -$43,975 -$34,134 -$11,048 -$4,837 $0 <-12 mths 50.60% <-IRR #YR-> 5 CFPS 5 yr Running 674.69%
CF fr Op $M WC $2,530 $4,960 $5,033 $2,295 -$853 $5,389 $7,225 $6,015 $10,920 $6,861 $9,915 -$6,091 $4,754 $4,754 <-12 mths -5.54% <-Total Growth 10 Cash Flow less WC
Increase -22.25% 96.05% 1.47% -54.40% -137.17% 731.77% 34.07% -16.75% 81.55% -37.17% 44.51% -161.43% 178.05% 0.00% <-12 mths -0.57% <-IRR #YR-> 10 Cash Flow less WC -5.54%
5 year Running Average $5,046 $5,829 $6,294 $3,614 $2,793 $3,365 $3,818 $4,014 $5,739 $7,282 $8,187 $5,524 $5,272 $4,039 <-12 mths -4.60% <-IRR #YR-> 5 Cash Flow less WC -20.96%
CFPS Excl. WC $3.96 $7.62 $7.81 $3.55 -$1.33 $8.35 $11.15 $9.41 $17.08 $10.62 $15.30 -$9.00 $6.59 $6.59 <-12 mths -1.76% <-IRR #YR-> 10 CF less WC 5 Yr Run -16.25%
Increase -31.07% 92.51% 2.51% -54.61% -137.43% 728.66% 33.64% -15.64% 81.57% -37.82% 44.01% -158.80% 173.31% 0.00% <-12 mths 5.60% <-IRR #YR-> 5 CF less WC 5 Yr Run 31.33%
5 year Running Average $9.12 $10.22 $10.72 $5.74 $4.32 $5.20 $5.91 $6.23 $8.93 $11.32 $12.71 $8.68 $8.12 $6.02 <-12 mths -1.68% <-IRR #YR-> 10 CFPS - Less WC -15.60%
P/CF on Med Price 15.07 7.51 8.38 21.40 -56.52 9.39 8.40 9.65 5.64 7.56 7.13 -14.86 18.29 25.40 <-12 mths -6.86% <-IRR #YR-> 5 CFPS - Less WC -29.91%
P/CF on Closing Price 14.87 7.74 9.32 22.89 -57.28 10.23 8.86 10.46 5.71 7.47 8.78 -13.95 15.89 19.62 <-12 mths -2.74% <-IRR #YR-> 10 CFPS 5 yr Running -24.23%
*Operational Cash Flow per share  CF/CF-WC P/CF Med 10 yr 2.67 5 yr  2.10 P/CF Med 10 yr 7.98 5 yr  7.13 145.81% Diff M/C 5.46% <-IRR #YR-> 5 CFPS 5 yr Running 30.45%
Note:  redid changes in wc to agree with G&M and Google from 2010 to 2014) used to be -$1763 $508, $-94 and -$9071
-644.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 720.9 Shares
-639.3 0.0 0.0 0.0 0.0 720.9 Shares
-$11,433 $0 $0 $0 $0 $0 $0 $0 $0 $0 $9,591 Cash Flow
-$17,912 $0 $0 $0 $0 $9,591 Cash Flow
-$17.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.30 Cash Flow per Share
-$28.02 $0.00 $0.00 $0.00 $0.00 $13.30 Cash Flow per Share
-$9.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.63 CFPS 5 yr Running
-$5.50 $0.00 $0.00 $0.00 $0.00 $42.63 CFPS 5 yr Running
-$5,033 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,754 Cash Flow less WC
-$6,015 $0 $0 $0 $0 $4,754 Cash Flow less WC
-$6,294 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,272 CF less WC 5 Yr Run
-$4,014 $0 $0 $0 $0 $5,272 CF less WC 5 Yr Run
-$7.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.59 CFPS - Less WC
-$9.41 $0.00 $0.00 $0.00 $0.00 $6.59 CFPS - Less WC
-$10.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.12 CFPS 5 yr Running
-$6.23 $0.00 $0.00 $0.00 $0.00 $8.12 CFPS 5 yr Running
Net Income
Impairmant Write down Secuities
Net Gain in Securities , not Trading -250 -$126 -$592 -$281
Net chge in trading securities -$8,470 $15,613 -$11,403 -$16,237 -$2,650 $13,816 -$10,276 -$10,447 $1,698
Provision for credit losses  $561 $612 $815 $746 $662 $872 $2,953 $20 $313
Change in derivative instruments 
  Chge in derivative asset $15,544 $5,287 $6,902 -$12,229 $542 -$13,376
  Chge in derivative liability $1,402 $9,320 -$5,598 -$14,923 -$6,699 -$3,774 $5,614 $529 $27,800
Amortization Premises & Eq
Difference $0 $0 $0 $37 -$3,019 $2,956 $9,944 $1,185 -$21,612 -$4,837
TD Bank 2018 -$6,794 -$6,317 -$2,620 -$4,317
Difference $1,572 $9,503 -$5,417 $37
TD Bank 2019/20 -$6,474 -$2,257 -$3,861 $12,216 $21,511
Difference $9,660 -$5,780 -$419 -$3,338
OPM 23.28% 25.51% 25.72% 25.58% 22.54% 21.92% 24.03% 23.66% 22.60% 20.24% 28.52% 40.16% 13.99% 17.09% -45.61% <-Total Growth 10 OPM
Increase 3.87% 9.60% 0.82% -0.54% -11.90% -2.75% 9.61% -1.53% -4.49% -10.44% 40.94% 40.79% -65.16% 22.18% Should increase  or be stable.
Diff from Median 0.6% 10.3% 11.2% 10.6% -2.5% -5.2% 3.9% 2.3% -2.3% -12.5% 23.3% 73.6% -39.5% -26.1% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (Net Income/Revenue) Ratio for banks OPM 10 Yrs 23.13% 5 Yrs 22.60% should be  zero, it is a   check on calculations
Covering Assets $544,817 $562,627 $617,012 $672,322 $745,707 $792,675 $917,801 $1,060,916 $1,060,916 Covering Assets
Change 3.27% 9.67% 8.96% 10.92% 6.30% 15.79% 15.59% 0.00% 9.67% <-Median-> 7 Change Type
Debt - Deposits $438,169 $473,372 $483,488 $522,051 $568,143 $659,034 $685,631 $769,478 $909,676 $909,676 Debt Lg Term R A
Change 8.03% 2.14% 7.98% 8.83% 16.00% 4.04% 12.23% 18.22% 18.22% 8.43% <-Median-> 8 Change Lg Term R
Debt/Covering Assets Ratio 0.87 0.86 0.85 0.85 0.88 0.86 0.84 0.86 0.86 Debt/Covering Assets Intang/GW
Debt/Market Cap Ratio 8.97 8.59 7.55 8.30 9.12 12.86 7.87 9.06 12.04 12.04 8.97 <-Median-> 9 Debt/Market Cap Ratio Liquidity
Assets/Current Liabilities Ratio 66.06 62.16 63.88 81.02 82.47 93.03 93.00 79.16 74.63 74.63 79.16 <-Median-> 9 Assets/Current Liabilities Ratio Liq. + CF
Current Liabilities/Asset Ratio 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 <-Median-> 9 Current Liabilities/Asset Ratio Debt Ratio
Debt to Cash Flow (Years) 187.81 -178.77 166.26 29.15 19.39 12.96 15.57 155.23 94.85 94.85 29.15 <-Median-> 9 Debt to Cash Flow (Years) Leverage
D/E Ratio
Intangibles $1,552 $1,530 $2,052 $2,208 $2,178 $2,159 $2,272 $2,272 $2,442 $2,266 $2,193 $5,216 $5,216 240.92% <-Total Growth 10 Intangibles
Goodwill $3,717 $3,893 $5,353 $6,069 $6,381 $6,244 $6,373 $6,373 $6,535 $5,378 $5,285 $16,728 $16,728 329.69% <-Total Growth 10 Goodwill
Total $5,269 $5,423 $7,405 $8,277 $8,559 $8,403 $8,645 $8,645 $8,977 $7,644 $7,478 $21,944 $21,944 304.65% <-Total Growth 10 Total
Change 2.92% 36.55% 11.78% 3.41% -1.82% 2.88% 0.00% 3.84% -14.85% -2.17% 193.45% $2 3.14% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.14 0.12 0.14 0.17 0.16 0.13 0.14 0.14 0.18 0.09 0.09 0.29 0.24 0.14 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $23,230 $26,282 $32,601 $34,496 $47,677 $36,101 $39,089 $50,447 $56,790 $67,243 $101,564 $93,200 $82,059 $82,059 Liq ratio of 1.5 and up, best Assets
Current Liabilities (Other) $10,839 $9,927 $8,772 $8,763 $9,716 $11,067 $11,108 $9,554 $10,333 $10,204 $10,625 $14,391 $17,330 $17,330 5.09 <-Median-> 10 Liabilities
Liquidity 2.14 2.65 3.72 3.94 4.91 3.26 3.52 5.28 5.50 6.59 9.56 6.48 4.74 4.74 6.48 <-Median-> 5 Ratio
Liq. with CF aft div 2.03 3.50 4.81 3.21 4.93 2.73 3.58 6.91 8.09 11.31 13.45 6.58 5.05 5.04 8.09 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  0.93 2.00 3.94 3.21 4.93 1.26 2.78 3.16 2.79 2.74 13.08 2.16 2.27 5.04 2.74 <-Median-> 5 Ratio
Banks usually have a ratio of 1.04 or 1.05
Assets $477,423 $525,449 $537,299 $588,659 $641,881 $687,935 $709,580 $774,048 $852,195 $949,261 $988,175 $1,139,199 $1,293,276 $1,293,276 Debt ratio of 1.5 and up, best Assets
Liabilities $449,300 $495,359 $505,818 $553,255 $601,968 $645,607 $665,226 $728,321 $801,119 $892,668 $930,652 $1,068,161 $1,216,239 $1,216,239 1.06 <-Median-> 10 Liabilities
Debt Ratio 1.06 1.06 1.06 1.06 1.07 1.07 1.07 1.06 1.06 1.06 1.06 1.07 1.06 1.06 1.06 <-Median-> 5 Ratio
Check on Liabilities $553,255 $601,968 $645,607 $665,226
Estimates BVPS $103.00 $110.00 $115.00 Estimates BVPS
Estimate Book Value $74,254 $79,300 $82,905 Estimate Book Value
P/B Ratio (Close) 1.26 1.18 1.12 P/B Ratio (Close)
Difference from 10 year median -7.19% Diff M/C Difference from 10 yr med.
Total Equity $28,123 $30,090 $31,481 $35,404 $39,913 $42,328 $44,354 $45,727 $51,076 $56,593 $57,523 $71,038 $77,037 $77,037 144.71% <-Total Growth 10 Book Value
Preferred Shares $2,861 $2,465 $2,265 $3,040 $3,240 $3,240 $3,240 $4,340 $5,348 $6,598 $5,558 $6,308 $6,958 $6,958 207.20% <-Total Growth 10 Preferred Shares
NCI in Subsidaries $1,483 $1,435 $1,072 $1,091 $491 $24 $0 $0 $0 $0 $0 $0 $0 $0 NCI in Subsidaries
Book Value $23,779 $26,190 $28,144 $31,273 $36,182 $39,064 $41,114 $41,387 $45,728 $49,995 $51,965 $64,730 $70,079 $70,079 $70,079 $70,079 149.00% <-Total Growth 10 Book Value
Book Value per Share $37.21 $40.25 $43.69 $48.33 $56.31 $60.49 $63.47 $64.73 $71.54 $77.40 $80.18 $95.60 $97.21 $97.21 $97.21 $97.21 122.48% <-Total Growth 10 Book Value per Share
Change 9.63% 8.15% 8.56% 10.62% 16.50% 7.43% 4.91% 2.00% 10.51% 8.20% 3.58% 19.24% 1.69% 0.00% 0.00% 0.00% -5.80% P/B Ratio Current/Historical Median
5 yr run. Ave Inc 5.35% 7.39% 6.53% 8.64% 10.69% 10.25% 9.61% 8.29% 8.27% 6.61% 5.84% 8.71% 8.64% 6.54% 4.90% 4.18% 8.64% <-Median-> 10 5 yr run. Ave Inc
P/B Ratio (Median) 1.60 1.42 1.50 1.57 1.33 1.30 1.48 1.40 1.35 1.04 1.36 1.40 1.24 1.72 1.41 P/BV Ratio Historical Median
P/B Ratio (Close) 1.58 1.47 1.67 1.68 1.35 1.41 1.56 1.52 1.36 1.02 1.68 1.31 1.08 1.33 1.33 1.33 8.33% <-IRR #YR-> 10 Book Value per Share 122.48%
Change -10.81% -7.34% 13.65% 0.79% -19.61% 4.49% 10.36% -2.36% -10.36% -24.81% 63.53% -21.67% -17.88% 23.46% 0.00% 0.00% 8.47% <-IRR #YR-> 5 Book Value per Share 50.16%
Leverage (A/BK) 16.98 17.46 17.07 16.63 16.08 16.25 16.00 16.93 16.68 16.77 17.18 16.04 16.79 16.79 16.66 <-Median-> 5 A/BV
Debt/Equity Ratio 15.98 16.46 16.07 15.63 15.08 15.25 15.00 15.93 15.68 15.77 16.18 15.04 15.79 15.79 15.66 <-Median-> 5 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.35 5 yr Med 1.35 -1.66% Diff M/C 20.33 Historical 36 A/BV
Comprehensive Income $4,003 $4,370 $5,271 $7,670 $4,417 $3,990 $4,741 $7,185 $6,886 $4,792 $12,533 $4,687
NCI $74 $65 $56 $35 $9 $2 $0 $0 $0 $0 $0 $12
Shareholders $3,508 $3,929 $4,305 $5,215 $7,635 $4,408 $3,988 $4,741 $7,185 $6,886 $4,792 $12,533 $4,675 8.59% <-Total Growth 10 Comprehensive Income
Increase 32.33% 12.00% 9.57% 21.14% 46.40% -42.27% -9.53% 18.88% 51.55% -4.16% -30.41% 161.54% -62.70% -4.2% <-Median-> 5 Comprehensive Income
5 Yr Running Average $2,499 $2,997 $3,206 $3,922 $4,918 $5,098 $5,110 $5,197 $5,591 $5,442 $5,518 $7,227 $7,214 0.83% <-IRR #YR-> 10 Comprehensive Income 8.59%
ROE 14.8% 15.0% 15.3% 16.7% 21.1% 11.3% 9.7% 11.5% 15.7% 13.8% 9.2% 19.4% 6.7% -0.28% <-IRR #YR-> 5 Comprehensive Income -1.39%
5Yr Median 13.8% 14.8% 14.8% 15.0% 15.3% 15.3% 15.3% 11.5% 11.5% 11.5% 11.5% 13.8% 13.8% 8.45% <-IRR #YR-> 10 5 Yr Running Average 124.99%
% Difference from NI 9.9% -4.5% 2.9% 21.9% 74.7% -4.6% -25.4% -13.0% 24.8% 35.1% -38.2% -7.4% 7.1% 6.78% <-IRR #YR-> 5 5 Yr Running Average 38.80%
Median Values Diff 5, 10 yr 1.2% 7.1% 13.8% <-Median-> 5 Return on Equity
Current Liability Coverage Ratio 0.23 0.50 0.57 0.26 -0.09 0.49 0.65 0.63 1.06 0.67 0.93 -0.42 0.27 0.27   CFO / Current Liabilities
5 year Median 0.38 0.26 0.49 0.49 0.49 0.63 0.65 0.67 0.67 0.67 0.27 0.67 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 0.53% 0.94% 0.94% 0.39% -0.13% 0.78% 1.02% 0.78% 1.28% 0.72% 1.00% -0.53% 0.37% 0.37% CFO / Total Assets
5 year Median 0.65% 0.79% 0.94% 0.79% 0.53% 0.78% 0.78% 0.78% 0.78% 0.78% 1.00% 0.78% 0.72% 0.37% 0.7% <-Median-> 5 Return on Assets 
Return on Assets ROA 0.67% 0.78% 0.78% 0.73% 0.68% 0.67% 0.75% 0.70% 0.68% 0.54% 0.78% 1.19% 0.34% 0.45% Net  Income/Assets Return on Assets
5Yr Median 0.58% 0.66% 0.67% 0.73% 0.73% 0.73% 0.73% 0.70% 0.68% 0.68% 0.70% 0.70% 0.68% 0.54% 0.7% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 13.43% 15.71% 14.86% 13.68% 12.08% 11.83% 13.01% 13.17% 12.59% 10.20% 14.92% 20.91% 6.23% 8.26% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 13.43% 13.43% 14.23% 14.23% 13.68% 13.68% 13.01% 13.01% 12.59% 12.59% 13.01% 13.17% 12.59% 10.20% 12.6% <-Median-> 5 Return on Equity
$5,398 <-12 mths 23.67%
Net Income $3,266 $4,189 $4,248 $4,333 $4,405 $4,631 $5,350 $5,450 $5,758 $5,097 $7,754 $13,537 $4,377
NCI $73 $74 $65 $56 $35 $9 $2 $0 $0 $0 $0 $0 $12
Shareholders $3,193 $4,115 $4,183 $4,277 $4,370 $4,622 $5,348 $5,450 $5,758 $5,097 $7,754 $13,537 $4,365 $5,790 $7,110 $9,222 4.35% <-Total Growth 10 Net Income
Increase 16.70% 28.88% 1.65% 2.25% 2.17% 5.77% 15.71% 1.91% 5.65% -11.48% 52.13% 74.58% -67.76% 32.65% 22.80% 29.70% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $2,350 $2,747 $3,188 $3,701 $4,028 $4,313 $4,560 $4,813 $5,110 $5,255 $5,881 $7,519 $7,302 $7,309 $7,711 $8,005 0.43% <-IRR #YR-> 10 Net Income 4.35%
Operating Cash Flow $572 $10,258 $11,433 -$2,927 $2,333 -$2,648 $2,908 $17,912 $29,303 $50,836 $44,049 $4,957 $9,591 -4.34% <-IRR #YR-> 5 Net Income -19.91%
Investment Cash Flow -$12,768 -$7,467 -$1,939 $3,293 $4,026 -$15,341 -$3,155 -$11,333 -$19,580 -$31,974 -$299 -$29,471 -$21,157 8.64% <-IRR #YR-> 10 5 yr Running Average 129.08%
Total Accruals $15,389 $1,324 -$5,311 $3,911 -$1,989 $22,611 $5,595 -$1,129 -$3,965 -$13,765 -$35,996 $38,051 $15,931 8.69% <-IRR #YR-> 5 5 yr Running Average 51.71%
Total Assets $477,423 $525,449 $537,299 $588,659 $641,881 $687,935 $709,580 $774,048 $852,195 $949,261 $988,175 $1,139,199 $1,293,276 Balance Sheet Assets
Accruals Ratio 3.22% 0.25% -0.99% 0.66% -0.31% 3.29% 0.79% -0.15% -0.47% -1.45% -3.64% 3.34% 1.23% -0.47% <-Median-> 5 Ratio
EPS/CF Ratio 1.33 0.81 0.80 1.81 -4.95 0.83 0.71 0.87 0.51 0.71 0.76 -2.22 0.86 0.73 <-Median-> 10 EPS/CF Ratio
Chge in Close -2.22% 0.22% 23.38% 11.49% -6.34% 12.26% 15.78% -0.40% -0.94% -18.64% 69.38% -6.61% -16.50% 23.46% 0.00% 0.00% Count 29 Years of data
up/down Count 6 20.69%
Meet Prediction? % right Count 2 33.33%
Financial Cash Flow $13,757 -$2,037 -$4,832 -$465 $66 $7,975 $1,996 $2,737 -$2,612 -$10,304 -$5,122 $15,980 $268 C F Statement  Financial Cash Flow
Total Accruals $1,632 $3,361 -$479 $4,376 -$2,055 $14,636 $3,599 -$3,866 -$1,353 -$3,461 -$30,874 $22,071 $15,663 Accruals
Accruals Ratio 0.34% 0.64% -0.09% 0.74% -0.32% 2.13% 0.51% -0.50% -0.16% -0.36% -3.12% 1.94% 1.21% -0.16% <-Median-> 5 Ratio
Net Cash Flow 1,561.0 265.0 6,142.0 2,297.0 11,909.0 -8,642.0 946.0 $9,543 $6,661 $8,605 $35,853 -$5,795 -$5,795 Net Cash Flow
Per share 2.44 0.41 9.54 3.55 18.53 -13.38 1.46 14.93 10.42 13.32 55.32 -8.56 -8.04 Per share
5 yr Running  4.49 6.10 6.06 6.02 6.89 3.73 3.94 5.02 6.39 5.35 19.09 17.09 12.49 5 yr Running 
Cash $17,626 $19,941 $26,083 $28,386 $40,295 $31,653 $32,599 $42,142 $48,803 $57,408 $93,261 $87,466 $77,934 $77,934 Cash
Cash per Share $27.58 $30.64 $40.49 $43.87 $62.71 $49.02 $50.32 $65.92 $76.35 $88.88 $143.89 $129.18 $108.11 $108.11 $108.11 <-Median-> 5 Cash per Share
Percentage of Stock Price 46.84% 51.92% 55.61% 54.03% 82.47% 57.42% 50.92% 66.97% 78.30% 112.04% 107.09% 102.94% 103.16% 83.56% 103.16% <-Median-> 5 % of Stock Price
Notes:
December 24, 2023.  Last estimates were for 2023, 2024 and 2023 of $32052M, $34182M and $30225M for Revenue, $13.60, $14.25 and $12.75 for AEPS, 
$12.70, $14.30 and $11.90 for EPS, $5.82, $6.19 and $6.245 for Dividends, $105M, $111M and $101M for BVPS, and $8800M, $8942M and $8174M for Net Income
December 26, 2022.  Last estimates were for 2022, 2023 and 2024 of $26818M, $28386M and $27769M for Revenue, $12.60, $13.10 and $12.10 for EPS, 
$5.45, $5.85 and $5.98 for Dividends, $87.20, $92.80 and $87.10 for BVPS, and $7997M, $8276M and $7839M for Net Income.
December 31, 2021.  Last estimates were for 2021 and 2022 of $23629M, and $24617M for Revenue, $8.41, $9.53 and $8.56 for EPS for 2021-23, 
$4.24, $4.23 and $4.03 for Dividends fore 2021-23, and $5331M, $6246M for Net Income.
December 27, 2020.  Last estimates were for 2020, 2021 and 2022 of $23749M, $24673M and $26071M for Revenue, $9.64, $10.00 and $10.91 for EPS, 
$4.21 and $4.24 for Dividends for 2020 and 2021, $9.61 for CFPS for 2020 and $6135M and $6358M for Net Income for 2020 and 2021.
December 29, 2019.  Last estimates were for 2019 and 2020 of $23219M, $23785M for Revenue, $8.84 and $5.98 for EPS, $11.20 and $9.65 for CFPS and $5822 for Net Income for 2019.
January 1, 2019.  Last estimates were for 2018, 2019 and 2020 of $22262m, 23219m and 23785M for Revenue, $8.30, $8.84 and $9.98 for EPS, 
$7.79, $11.20 and $9.61 for CFPS and $5409M $5822M for Net Income for 2018 and 2019.
December 31, 2017.  Last estimates were for 2017, 2018 and 2019 of $21273M, $22316M and $23571M for Revenue, $758, $8.04 and $9.11 for EPS, 
$7.79 and $8.32 for CFPS for 2017 and 2018 and $4844M and $5202M for 2017 and 2018 for Net Income.
January 1, 2017.  Last estimates were for 2016, 2017 and 2018 of $20041m, $22254M and $22369M for Revenue, $6.99, $7.39 amd $8.10 for EPS, 
$7.79, $8.21 and $8.32 for CFPS and $4501M and $4419M for 2016 and 2017 for Net Income.
January 2, 2016.  Last estimates were for 2015, 2016 and 2017 of $18023M, $19108M and $19969M for Revenue, $6.73, $7.21 and $7.47 for EPS, $7.59. $8.07 and $7.86 For CFPS, $4397M $4706M and $5214M for Net Income.
January 4, 2015.  Last estimates were for 2014, 2015 and 2016 of $16831M, $17804M and $19152M for revenue, $6.40, $6.80 and $7.47 for EPS, $7.38, $7.81 and $7.21 for CFPS amd $4137M, $4373M and $4755M for Net Income.
January 1, 2014.  Last estimates were for 2013 and 2014 of $15352M and $16098M for Revenue, $5.93 and $6.36 for EPS and $7.53 for CFPS for 2014.
January 4, 2013.  Last estimates were for 2012 and 2013 of $14466M and $15137M for Revenue, $5.65 and $6.14 for EPS and $7.53 and $7.53 for CFPS
Dec 17, 2011.  Fixed my purchases price.  Did not account for split in 2001.  I purchased stocks from 1983 to 1987, by dividend reinvestment and extra cash.
December 11, 2011.  Last estimates for 2011 and 2012 were $5.42 and $5.96 for EPS, $7.23 and $7.78 for CF.
Dec 13, 2010.  The last time I looked I got for 2010 and 2011, earnings of $4.30 and $5.15 and cash flow of $6.70 and $7.23.
Dec 18, 2009.  When I last looked at this stock in Feb 2009, I got 2009 and 2010 earnings of $4.11 and $4.40.
AR 2008.  I have still done well overall I have done well with BMO, but I see a concern with the inability to grow Revneue over the last few years.
AR 2006.  Overall I have done well with BMO.
2005. I have done well by BMO.  However, I wonder if it is overvalued. TD Newcrest seems to say the same thing. Rate it a Hold due to valuation.
2004. Doing OK and what I want it to do.  However, note that Revenue is not increasing like dividend or price. 
2003. One has to wonder when the Cash from Operation shows positive or negative based on Changes in Trading Securities?  
2003. I do not think that the liquid ratio shows me anything for this stock, so I am using total assets and liability. 
2003. Note both this stock and RY's stock has increased in price re P/E and is at a 10 year high. 
2002. I have done well by Bank of Montreal. 
2002. Note that IRR is high for Share Price Low as p/e has changed from 8.5 to 12.0 
This bank has been paying dividends since 1829.  This is the longest unbroken record of any Canadian Company
Sector:
Bank, Financial Services
What should this stock accomplish?
It should provide growing capital return and growing dividends.
Would I buy this company and Why.
You would buy for Income and some capital gains.  
Why am I following this stock. 
I am following this stock because I own it. 
Why I bought this stock.
When I bought this stock in 1983, I thought it was the best bank stock to buy at that time.
Dividends
Dividends are pain in Cycle 2, that is in November, February, May, and August.   They are paid near the end of the month.  Dividends are declared for shareholders of record near the beginning of the month and paid near the end of the month.
For example, the dividend payable on February 26, 2013 was for shareholders of record of February 1, 2013.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
BMO says that their approach involves:
Delivering value to our customers.
Creating opportunities for our employees.
Generating greater rewards for our shareholders.
Contributing to the well-being of the communities where we do business.
Integrating respect for the environment into our business growth strategies and practices.
How they make their money.
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, 
U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.
Copyright © 2008 Website of SPBrunner. All rights reserved.
For all Ratios, lower is better when looking for a good stock price.  The exception is for yield and here you want a higher yield to indicate a good stock price.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2016 Jan 1 2017 Dec 31 2017 Jan 1 2018 Dec 29 2019 Dec 29 2020  Dec 31 2021 Dec 27 2022 Dec 27 2023
White, William Darryl 0.000 $0.000 0.407 0.06% 0.021 0.05% 0.021 0.00% 0.031 0.00% 0.031 0.00% 0.046 0.01% 48.38%
CEO - Shares - Amount $0.027 $39.708 $1.646 $2.80 $3.89 $3.26 $5.97
Options - percentage 0.330 $0.001 0.403 0.06% 0.526 0.08% 0.647 0.10% 0.754 0.11% 0.884 0.12% 0.991 0.14% 12.05%
Options - amount $32.468 $39.303 $41.702 $86.92 $94.65 $92.65 $128.17
Downe, William 0.04% 0.244 0.04%
CEO - Shares - Amount $20.246 $24.124
Options - percentage 0.26% 1.678 0.26%
Options - amount $136.661 $165.869
Reuters Options Value
Tuzun, Tayfun 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
CFO - Shares - Amount $0.00 $0.00 $0.00
Options - percentage 0.063 0.01% 0.099 0.01% 0.135 0.02% 35.66%
Options - amount $7.85 $10.41 $17.44
Flynn, Thomas Earl 0.00% 0.014 0.00% 0.016 $0.000 0.017 0.00% 0.017 0.00% 0.018 0.00% ceased insider Feb 2021
CFO - Shares - Amount $1.003 $1.417 $1.555 $1.633 $1.353 $2.36
Options - percentage 0.06% 0.339 0.05% 0.302 $0.000 0.227 0.04% 0.257 0.04% 0.293 0.05%
Options - amount $29.692 $33.468 $29.717 $22.096 $20.358 $39.35
Barclay, Daniel 0.003 0.00% 0.003 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 5.51%
Officer - Shares - Amount $0.255 $0.46 $0.47 $0.41 $0.54
Options - percentage 0.245 0.04% 0.327 0.05% 0.382 0.06% 0.451 0.06% 0.416 0.06% -7.59%
Options - amount $19.429 $43.93 $47.95 $47.23 $53.88
Tannenbaum, Alan 0.001 0.00%
Officer - Shares - Amount $0.15
Options - percentage 0.227 0.03%
Options - amount $29.32
Ares, Jean-Michel 0.00% 0.000 0.00% 0.001 $0.000 0.001 0.00%
Officer - Shares - Amount $0.000 $0.042 $0.083 $0.118
Options - percentage 0.05% 0.400 0.06% 0.413 $0.001 0.281 0.04%
Options - amount $28.589 $39.541 $40.660 $27.374
Haward-Laird, Sharon Marie 0.008 0.00% 0.008 0.00% 3.68%
Officer - Shares - Amount $0.80 $1.02
Options - percentage 0.074 0.01% 0.096 0.01% 30.01%
Options - amount $7.78 $12.48
Allinott, Leo Edwin
Officer - Shares - Amount
Options - percentage
Options - amount
Dent, Stephen John 0.025 0.00% 0.025 0.00% Started to follow as he has 0.00%
Director - Shares - Amount $2.62 $3.23 lots of shares
Options - percentage 0.003 0.00% 0.005 0.00% 85.40%
Options - amount $0.28 $0.65
Babiak, Jan  0.00% 0.001 0.00% 0.001 $0.000 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.00%
Director - Shares - Amount $0.041 $0.049 $0.049 $0.049 $0.040 $0.07 $0.06 $0.05 $0.06
Options - percentage 0.00% 0.012 0.00% 0.015 $0.000 0.019 0.00% 0.023 0.00% 0.028 0.00% 0.031 0.00% 0.035 0.00% 0.039 0.01% 13.60%
Options - amount $0.756 $1.212 $1.52 $1.829 $1.795 $3.71 $3.90 $3.64 $5.10
Brokderick Craig Wyeth 0.005 0.00% 0.005 0.00% 0.00%
Director - Shares - Amount $0.52 $0.65
Options - percentage 0.012 0.00% 0.016 0.00% 30.31%
Options - amount $1.26 $2.02
Cope, George A 0.026 0.00% 0.063 0.01% 0.063 0.01% 0.063 0.01% 0.080 0.01% 26.92%
Chairman - Shares - Amt $2.036 $8.49 $7.93 $6.62 $10.37
Options - percentage 0.045 0.01% 0.052 0.01% 0.058 0.01% 0.065 0.01% 0.073 0.01% 12.89%
Options - amount $3.561 $7.02 $7.34 $6.80 $9.48
Prichard, John Robert Stobo 0.00% 0.012 0.00% 0.012 $0.000 0.012 0.00% 0.012 0.00%
Chairman - Shares - Amt $0.934 $1.137 $1.132 $1.121 $0.91
Options - percentage 0.01% 0.086 0.01% 0.095 $0.000 0.105 0.02% 0.116 0.02%
Options - amount $6.156 $8.521 $9.398 $10.239 $9.21
Increase in O/S Shares 0.13% 2.103 0.33% 2.234 0.34% 1.513 0.24% 0.962 0.15% 0.564 0.09% 1.631 0.25% 0.734 0.11% 0.725 0.10%
due to SO $64.088 $179.545 $220.767 $148.955 $93.839 $44.711 $219.140 $92.06 $75.957
Book Value $51.000 $136.000 $146.000 $99.000 $62.000 $40.000 $122.000 $57.000 $61.000
Insider Buying $0.000 -$0.021 -$2.003 -$3.061 -$0.917 -$5.179 $0.000 -$0.045 -$0.045
Insider Selling $14.979 $37.542 $29.907 $50.792 $4.572 $1.830 $21.497 $0.000 $0.000
Net Insider Selling $14.979 $37.521 $27.904 $47.731 $3.655 -$3.349 $21.497 -$0.045 -$0.045
% of Market Cap 0.03% 0.06% 0.04% 0.08% 0.01% 0.00% 0.03% 0.00% 0.00%
Directors 12 13 15 15 12 13 13 14
Women 33% 4 33% 5 38% 5 33% 5 33% 5 42% 6 46% 6 46% 7 50%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 1 8% 1 8% 2 14%
Institutions/Holdings 47.72% 403 49.14% 427 43.76% 479 43.76% 479 42.73%
Total Shares Held 47.71% 317.324 48.98% 283.480 44.34% 281.458 44.03% 273.145 42.73%
Increase/Decrease 0.80% -0.523 -0.16% -0.153 -0.05% 5.277 1.91% 3.672 1.36%
Starting No. of Shares NASDAQ  317.847 NASDAQ  283.632 NASDAQ  276.181 NASDAQ  269.472 NASDAQ 
Institutions/Holdings 20 38.93% 20 37.02% 20 37.02% 20 37.78% 20 38.25%
Total Shares Held 248.680 38.90% 239.331 36.93% 0.000 0.00% 255.832 37.78% 275.772 38.25%
Increase/Decrease -4.762 -1.88% -16.280 -6.37% -16.280 -100.00% 12.048 4.94% 4.235 1.56%
Starting No. of Shares 253.441 Top 20 MS 255.610 Top 20 MS 16.280 Top 20 MS 243.783 Top 20 MS 271.537 Top 20 MS
Copyright © 2008 Website of SPBrunner. All rights reserved.
My stock