BNS:TSX-Bank of Nova Scotia (CAD)

COMMON STOCK | Banks-Diversified | TSX

Last Closing Price

CAD 77.72

Change

-0.61 (-0.78)%

Market Cap

CAD 93.47B

Volume

2.46M

Avg Analyst Target

CAD 90.59 (+16.56%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


BNS Stock Forecast & Price:
Based on the Bank of Nova Scotia stock forecasts from 14 analysts, the average analyst target price for Bank of Nova Scotia is CAD 90.59 over the next 12 months. Bank of Nova Scotia’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Bank of Nova Scotia is Slightly Bearish, which is based on 3 positive signals and 5 negative signals. At the last closing, Bank of Nova Scotia’s stock price was CAD 77.72. Bank of Nova Scotia’s stock price has changed by +0.41% over the past week, +2.74% over the past month and -2.59% over the last year.

About Bank of Nova Scotia (BNS:CA:TSX)

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Managem ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-08-09 )

Largest Industry Peers for Banks-Diversified

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
RY-PZ:CA Royal Bank of Canada Pref Z

+0.15 (+0.68%)

CAD190.70B 1.93 N/A
RY:CA Royal Bank of Canada

-0.39 (-0.31%)

CAD174.70B 10.89 N/A
RY-PJ:CA Royal Bank of Canada Pref J

+0.45 (+2.03%)

CAD173.32B 1.94 N/A
RY-PM:CA Royal Bank of Canada Pref M

+0.02 (+0.09%)

CAD170.28B 1.86 N/A
TD:CA Toronto Dominion Bank

-0.49 (-0.59%)

CAD150.52B 10.37 N/A
RY-PC:CA Royal Bank of Canada

N/A

CAD149.96B 2.64 N/A
RY-PE:CA Royal Bank of Canada

N/A

CAD149.54B 2.61 N/A
RY-PQ:CA Royal Bank of Canada

N/A

CAD144.82B 3.09 N/A
BMO:CA Bank of Montreal

-0.75 (-0.59%)

CAD85.67B 6.97 N/A
BMO-PW:CA Bank of Montreal Pref W

-0.24 (-1.09%)

CAD84.53B 1.19 N/A

ETFs Containing BNS:CA

Symbol Name Weight Mer Price(Change) Market Cap
CIC:CA CI Canadian Banks Covered.. 16.92 % 0.80 %

-0.04 (-0.34%)

CAD0.18B
FCCQ:CA Fidelity Canadian High Qu.. 3.28 % 0.35 %

N/A

CAD0.03B
HFY-U:CA Hamilton Global Financial.. 2.81 % 1.20 %

N/A

N/A
TUSB:CA TD Select U.S. Short Term.. 2.35 % 0.29 %

N/A

CAD3.93M
TUSB-U:CA TD Select U.S. Short Term.. 2.35 % 0.29 %

N/A

N/A
FLRM:CA Franklin Liberty Risk Man.. 0.00 % 0.33 %

N/A

CAD7.83M
XDIV:CA iShares Core MSCI Canadia.. 0.00 % 0.11 %

+0.01 (+0.04%)

CAD0.69B
ZVC:CA BMO MSCI Canada Value Ind.. 0.00 % 0.40 %

N/A

CAD0.02B
QCE:CA Mackenzie Canadian Large .. 0.00 % 0.04 %

N/A

CAD0.11B
QCN:CA Mackenzie Canadian Equity.. 0.00 % 0.05 %

-0.71 (-0.59%)

CAD0.97B
DRMC:CA Desjardins RI Canada - Lo.. 0.00 % 0.29 %

-0.16 (-0.67%)

CAD0.03B
DRFC:CA Desjardins RI Canada Mult.. 0.00 % 0.57 %

+0.17 (+0.74%)

CAD0.22B
XBAL:CA iShares Core Balanced ETF.. 0.00 % 0.20 %

-0.09 (-0.36%)

CAD0.83B
XGRO:CA iShares Core Growth ETF P.. 0.00 % 0.20 %

-0.09 (-0.39%)

CAD1.26B
FLCD:CA Franklin FTSE Canada All .. 0.00 % 0.05 %

N/A

CAD0.35B
FCCL:CA Fidelity Canadian Low Vol.. 0.00 % 0.35 %

N/A

CAD0.02B
MCLC:CA Manulife Multifactor Cana.. 0.00 % 0.40 %

+0.05 (+0.15%)

CAD0.35B
XESG:CA iShares ESG MSCI Canada I.. 0.00 % 0.18 %

-0.14 (-0.58%)

CAD0.19B
HBG-U:CA Hamilton Global Bank ETF 0.00 % 1.21 %

N/A

N/A
ESGA:CA BMO MSCI Canada ESG Leade.. 0.00 % 0.17 %

N/A

CAD0.10B
FCCV:CA Fidelity Canadian Value I.. 0.00 % 0.35 %

-0.07 (-0.55%)

N/A
XCSR:CA iShares ESG Advanced MSCI.. 0.00 % 0.17 %

-0.54 (-0.96%)

N/A
FCCM:CA Fidelity Canadian Momentu.. 0.00 % 0.35 %

N/A

N/A
HFG:CA Hamilton Global Financial.. 0.00 % 0.90 %

-0.10 (-0.49%)

N/A
NDIV:CA NBI Canadian Dividend Inc.. 0.00 % 0.55 %

N/A

N/A
FST-A:CA First Trust Canadian Capi.. 0.00 % 0.60 %

N/A

N/A
XCLR:CA iShares ESG MSCI Canada L.. 0.00 % 0.15 %

-0.02 (-0.05%)

N/A
DGRC:CA CI WisdomTree Canada Qual.. 0.00 % 0.24 %

-0.20 (-0.60%)

CAD0.49B
BNC:CA Purpose Canadian Financia.. 0.00 % 0.66 %

N/A

CAD0.01B
FDV:CA CI Active Canadian Divide.. 0.00 % 0.92 %

N/A

CAD9.43M
XCV:CA iShares Canadian Value 0.00 % 0.55 %

-0.13 (-0.41%)

CAD0.10B
HAL:CA Horizons Active Cdn Divid.. 0.00 % 0.67 %

-0.01 (-0.05%)

CAD0.11B
HBG:CA Hamilton Global Bank ETF 0.00 % 1.15 %

N/A

CAD0.02B
HEF:CA Horizons Enhanced Income .. 0.00 % 0.84 %

N/A

CAD0.02B
HEX:CA Horizons Enhanced Income .. 0.00 % 0.85 %

N/A

CAD0.02B
PDC:CA PowerShares Canadian Divi.. 0.00 % 0.56 %

-0.01 (-0.03%)

CAD0.87B
PXC:CA PowerShares FTSE RAFI Can.. 0.00 % 0.51 %

-0.13 (-0.38%)

CAD0.26B
RCD:CA RBC Quant Canadian Divide.. 0.00 % 0.42 %

-0.07 (-0.29%)

CAD0.11B
RCE:CA RBC Quant Canadian Equity.. 0.00 % 0.43 %

N/A

CAD0.01B
TTP:CA TD S&P/TSX Capped Composi.. 0.00 % 0.05 %

-0.08 (-0.36%)

CAD1.34B
VCE:CA Vanguard FTSE Canada 0.00 % 0.05 %

-0.16 (-0.37%)

CAD1.24B
VCN:CA Vanguard FTSE Canada All .. 0.00 % 0.05 %

-0.21 (-0.53%)

CAD4.59B
VDY:CA Vanguard FTSE Canadian Hi.. 0.00 % 0.21 %

-0.13 (-0.31%)

CAD1.70B
XDV:CA iShares Canadian Select D.. 0.00 % 0.55 %

-0.12 (-0.43%)

CAD1.62B
ZWC:CA BMO Canadian High Dividen.. 0.00 % 0.65 %

N/A

CAD1.54B
XEI:CA iShares Core S&P/TSX Comp.. 0.00 % 0.22 %

+0.02 (+0.08%)

CAD1.26B
XIC:CA iShares Core S&P/TSX Capp.. 0.00 % 0.06 %

-0.15 (-0.48%)

CAD8.69B
XIU:CA iShares S&P/TSX 60 0.00 % 0.18 %

-0.12 (-0.40%)

CAD10.85B
XMV:CA iShares MSCI Canada Minim.. 0.00 % 0.33 %

-0.12 (-0.33%)

CAD0.16B
XTR:CA iShares Diversified Month.. 0.00 % 0.62 %

-0.01 (-0.10%)

CAD0.55B
ZCN:CA BMO S&P/TSX Capped Compos.. 0.00 % 0.06 %

-0.15 (-0.57%)

CAD6.88B
ZDV:CA BMO Canadian Dividend 0.00 % 0.35 %

-0.01 (-0.03%)

CAD0.87B
ZEB:CA BMO S&P/TSX Equal Weight .. 0.00 % 0.60 %

-0.18 (-0.51%)

CAD3.04B
BANK:CA BMO Global Banks Hedged t.. 0.00 % 0.39 %

N/A

CAD4.39M
FST:CA First Trust Canadian Capi.. 0.00 % 0.60 %

N/A

CAD0.04B
HFY:CA Hamilton Global Financial.. 0.00 % 1.15 %

N/A

CAD0.06B
QCD:CA AGFiQ Enhanced Core Canad.. 0.00 % 0.45 %

N/A

CAD0.06B
CCEI:CA CIBC Canadian Equity Inde.. 0.00 % 0.04 %

N/A

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Banks-Diversified)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -13.21% 16% F 40% F
Dividend Return 2.27% 28% F 70% C-
Total Return -10.94% 16% F 46% F
Trailing 12 Months  
Capital Gain -3.70% 64% D 71% C-
Dividend Return 4.87% 88% B+ 84% B
Total Return 1.16% 68% D+ 78% C+
Trailing 5 Years  
Capital Gain 0.83% 33% F 48% F
Dividend Return 20.85% 50% F 83% B
Total Return 21.68% 33% F 54% F
Average Annual (5 Year Horizon)  
Capital Gain 3.60% 70% C- 50% F
Dividend Return 4.52% 96% A 91% A-
Total Return 8.12% 70% C- 59% F
Risk Return Profile  
Volatility (Standard Deviation) 23.61% 26% F 39% F
Risk Adjusted Return 34.39% 57% F 50% F
Market Capitalization 93.47B 74% C 99% A+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Banks-Diversified)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 9.48 12% F 63% D
Price/Book Ratio 1.44 67% D+ 48% F
Price / Cash Flow Ratio -1.02 16% F 73% C
EV/EBITDA N/A N/A N/A N/A N/A
Management Effectiveness  
Return on Equity 14.87% 28% F 71% C-
Return on Invested Capital -2.69% 4% F 27% F
Return on Assets 0.88% 32% F 37% F
Debt to Equity Ratio 8.95% 100% A+ 84% B
Technical Ratios  
Dividend Yield 5.25% 100% A+ 73% C
Short Ratio 7.17 60% D- 25% F
Short Percent 3.74% 9% F 22% F
Beta 0.89 72% C- 69% D+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.