TDb Split (XTD) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 7.78%
• Average Volume (3M): 17.21K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 1.74
• Revenue Growth: -56.22%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 2.06
• Shares Outstanding: 4,807,473
• 10 Day Avg. Volume: 24,459
• 30 Day Avg. Volume: 17,213
• PEG Ratio: 0.17
• Price to Book (P/B): 1.71
• Price to Sales (P/S): -5.44
• P/FCF Ratio: 0.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: C$6.50 ▲(25.00% Upside)

The overall stock score is driven by strong technical indicators and attractive valuation, despite financial performance challenges. The consistent dividend payments further enhance investor confidence. However, the company's profitability issues and financial vulnerabilities need to be addressed for long-term stability.

Positive Factors

Business Model Strength

The diverse revenue streams from licensing, subscriptions, and consulting provide resilience and adaptability in changing market conditions.

Strategic Partnerships

Partnerships expand market access and create opportunities for joint ventures, strengthening competitive positioning and potential revenue growth.

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility and reduces risk, allowing the company to invest in growth opportunities without the burden of interest payments.

Negative Factors

Declining Revenue

Consistent revenue decline indicates potential operational challenges and market difficulties, threatening long-term growth prospects and financial stability.

Negative Profit Margins

Negative margins reflect ongoing profitability issues, which can limit reinvestment in business development and innovation, impacting future competitiveness.

Low Equity Ratio

A low equity ratio and negative return on equity suggest inefficient use of capital, which can hinder financial stability and investor confidence over time.

TDb Split Business Overview & Revenue Model

Company Description

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. 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.

How the Company Makes Money

TDb Split generates revenue through a multi-faceted model that includes software licensing fees, subscription services, and professional consulting. The company primarily earns money by selling licenses for its software products, allowing clients to install and use its technology on their own systems. Additionally, TDb Split offers subscription-based services, providing clients with ongoing access to updated software, cloud-based analytics, and support. Professional consulting services, which include training, implementation assistance, and custom development projects, also contribute significantly to the company's revenue. Strategic partnerships with key players in the technology and financial sectors enhance TDb Split's market reach and can lead to additional revenue opportunities through joint ventures and collaborative projects.

TDb Split Financial Statement Overview

Summary

The company faces significant financial challenges with consistent losses and declining revenue. The lack of debt is a positive aspect, but the low equity ratio and negative return on equity highlight potential vulnerabilities. Strong operating cash flow provides some relief, but profitability issues need addressing.

Income Statement

The company's income statement reveals substantial challenges. The gross profit and net income margins are negative, indicating persistent losses. Additionally, revenue has been declining, with a significant drop from 2021 to 2023, reflecting potential operational and market difficulties. The absence of EBIT and EBITDA margins in the latest year further emphasizes the lack of profitability.

Balance Sheet

The balance sheet shows a mixed picture. On the positive side, the company has no current debt, suggesting financial prudence. However, the equity ratio is low, and the return on equity is negative, indicating inefficient use of equity. The declining stockholders' equity over the years suggests a weakening financial base.

Cash Flow

The cash flow statement highlights some strengths, particularly strong operating cash flow in the latest year, which significantly improved from the previous year. However, the free cash flow growth is inconsistent, and the operating cash flow to net income ratio is distorted due to negative net income, raising concerns about cash sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.25M	-2.81M	6.85M	4.70M	2.00M	-296.22K
Gross Profit	6.91M	-2.81M	6.21M	4.02M	1.34M	-780.99K
EBITDA	342.15K	-3.18M	42.41K	1.55M	0.00	42.05K
Net Income	2.80M	-3.18M	-9.52M	-1.86M	14.79M	-17.74M
Balance Sheet
Total Assets	67.07M	88.26M	88.69M	89.75M	87.06M	60.52M
Cash, Cash Equivalents and Short-Term Investments	67.07M	88.25M	88.69M	89.74M	87.06M	60.52M
Total Debt	46.86M	78.88M	72.18M	64.76M	59.42M	49.55M
Total Liabilities	47.56M	79.32M	73.84M	65.63M	60.16M	50.10M
Stockholders Equity	19.51M	8.93M	14.84M	24.11M	26.91M	10.42M
Cash Flow
Free Cash Flow	9.07M	32.56M	18.98M	5.84M	-19.99M	-12.29M
Operating Cash Flow	9.07M	32.56M	18.98M	5.84M	-19.99M	-12.29M
Investing Cash Flow	-33.03M	29.30M	16.09M	3.56M	-21.82M	-13.22M
Financing Cash Flow	-25.61M	4.00M	3.43M	1.05M	8.60M	20.47M

TDb Split Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XTD, the sentiment is Positive. The current price of 5.2 is below the 20-day moving average (MA) of 6.54, below the 50-day MA of 6.01, and above the 200-day MA of 4.63, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 73.41 is Negative, neither overbought nor oversold. The STOCH value of 78.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:XTD.

TDb Split Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKZ.UN	74 Outperform	C$2.85M	6.14	193.99%	13.17%	-5.41%	-10.83%
PWI	70 Outperform	C$34.33M	4.10	32.64%	10.21%	818.69%	-12.12%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
XTD	67 Neutral	―	4.36	50.01%	7.78%	-56.22%	―
PDV	66 Neutral	C$6.79M	3.49	42.23%	7.52%	-54.61%	273.14%
RS	56 Neutral	C$117.77M	7.76	15.77%	17.81%	―	―
BNK	54 Neutral	C$23.29M	3.83	46.99%	8.54%	126.51%	10525.53%

TDb Split Corporate Events

TDb Split Corp. Declares Regular Monthly Dividends for Class A and Priority Equity Shares

TDb Split Corp. has declared its regular monthly cash distributions of $0.05000 per Class A share, equivalent to $0.60 on an annualized basis, and $0.05833 per Priority Equity share, or $0.70 annually, payable on January 9, 2026 to shareholders of record as of December 31, 2025. The announcement underscores the fund’s continued income stream to investors, with cumulative payouts since inception reaching $8.50 per Class A share and $9.85 per Priority Equity share, for a combined total of $18.35 per unit, reinforcing its role as a consistent dividend vehicle tied to the performance of Toronto-Dominion Bank.

The most recent analyst rating on (TSE:XTD) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on TDb Split stock, see the TSE:XTD Stock Forecast page.

TDb Split Corp. Declares Regular Monthly Dividend for December 2025

TDb Split Corp. has announced its regular monthly dividend distribution for both Class A and Priority Equity shares, with payments scheduled for December 10, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, with Class A shareholders receiving a total of $8.45 per share and Priority Equity shareholders receiving $9.79 per share since inception, indicating a stable financial performance and consistent shareholder value.

The most recent analyst rating on (TSE:XTD) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on TDb Split stock, see the TSE:XTD Stock Forecast page.

TDb Split Corp. Declares Regular Monthly Dividends for November

TDb Split Corp. has announced its regular monthly dividend distribution for both Class A and Priority Equity shares, with payments scheduled for November 10, 2025. This announcement underscores the company’s ongoing commitment to providing consistent returns to its shareholders, reflecting its stable investment strategy in the financial sector.