BNS:CA:TSX-The Bank of Nova Scotia (CAD)

COMMON STOCK | Banks—Diversified | TSX

Last Closing Price

CAD 51.10

Change

0.00 (0.00)%

Market Cap

CAD 61.97B

Volume

3.25M

Average Target Price

CAD 67.00 (+31.12%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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 through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It is also involved in the provision of wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 950 branches and approximately 3,650 automated banking machines in Canada; and approximately 1,900 branches and 5,500 ATMs internationally, as well as contact centers. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2020-05-24 )

Largest Industry Peers for Banks—Diversified

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

N/A

CAD148.94B 2.64 N/A
RY-PE:CA Royal Bank of Canada

N/A

CAD148.83B 2.61 N/A
RY-PQ:CA Royal Bank of Canada

N/A

CAD140.30B 2.42 N/A
RY-PZ:CA Royal Bank of Canada

N/A

CAD127.59B 1.45 N/A
RY:CA Royal Bank of Canada

N/A

CAD117.15B 9.56 N/A
TD:CA The Toronto-Dominion Bank

N/A

CAD100.45B 8.63 N/A
BMO:CA Bank of Montreal

N/A

CAD41.03B 7.59 N/A
CM:CA Canadian Imperial Bank of Comm..

N/A

CAD36.63B 7.38 N/A
NA:CA National Bank of Canada

N/A

CAD17.61B 8.33 N/A
NA-PS:CA National Bank of Canada

N/A

CAD17.51B 1.90 N/A

ETFs Containing BNS:CA

Symbol Name Weight Mer Price(Change) Market Cap
RBNK:CA RBC Canadian Bank Yield I.. 25.26 % 0.32 %

N/A

CAD0.06B
ZEB:CA BMO Equal Weight Banks In.. 16.45 % 0.55 %

N/A

CAD1.02B
XFN:CA iShares S&P/TSX Cappe.. 11.58 % 0.55 %

N/A

CAD0.85B
DXC:CA Dynamic Active Canadian D.. 11.20 % 0.75 %

N/A

CAD0.04B
BNC:CA Purpose Canadian Financia.. 10.31 % 0.68 %

N/A

CAD4.13M
XCV:CA iShares Canadian Value In.. 9.72 % 0.50 %

N/A

CAD0.05B
CEW:CA iShares Equal Weight Banc.. 9.48 % 0.55 %

N/A

CAD0.11B
XDIV:CA iShares Core MSCI Canadia.. 9.39 % 0.10 %

N/A

CAD0.21B
VDY:CA Vanguard FTSE Canadian Hi.. 8.52 % 0.20 %

N/A

CAD0.52B
HEF:CA Horizons Enhanced Income .. 8.27 % 0.65 %

N/A

CAD0.01B
PDC:CA Invesco Canadian Dividend.. 8.05 % 0.50 %

N/A

CAD0.60B
FIE:CA iShares Canadian Financia.. 7.06 % 0.65 %

N/A

CAD0.57B
PXC:CA Invesco FTSE RAFI Canadia.. 6.53 % 0.45 %

N/A

CAD0.19B
RCD:CA RBC Quant Canadian Divide.. 6.50 % 0.39 %

N/A

CAD0.10B
HCB:CA Hamilton Canadian Bank Va.. 6.35 % 0.65 %

N/A

CAD7.98M
ZVC:CA BMO MSCI Canada Value Ind.. 6.32 % 0.35 %

N/A

CAD2.46M
DRMC:CA Desjardins RI Canada - Lo.. 6.23 % 0.25 %

N/A

CAD0.01B
XDV:CA iShares Canadian Select D.. 5.64 % 0.50 %

N/A

CAD1.12B
XEI:CA iShares S&P/TSX Compo.. 5.30 % 0.20 %

N/A

CAD0.56B
VCE:CA Vanguard FTSE Canada Inde.. 4.87 % 0.05 %

N/A

CAD0.62B
XIU:CA iShares S&P/TSX 60 In.. 4.58 % 0.15 %

N/A

CAD8.00B
FCCL:CA Fidelity Canadian Low Vol.. 4.54 % 0.00 %

N/A

CAD0.02B
QCE:CA Mackenzie Canadian Large .. 4.46 % 0.06 %

N/A

CAD0.07B
XESG:CA iShares ESG MSCI Canada I.. 4.43 % 0.23 %

N/A

CAD0.02B
MCLC:CA Manulife Multifactor Cana.. 4.20 % 0.45 %

N/A

CAD0.05B
ZWC:CA BMO CA High Dividend Cove.. 4.10 % 0.65 %

N/A

CAD0.52B
BGC:CA Bristol Gate Concentrated.. 4.08 % 0.70 %

N/A

CAD0.02B
VCN:CA Vanguard FTSE Canada All .. 3.98 % 0.05 %

N/A

CAD2.24B
FLCD:CA Franklin FTSE Canada All .. 3.88 % 0.05 %

N/A

CAD0.28B
TTP:CA TD Canadian Equity Index .. 3.74 % 0.05 %

N/A

CAD0.42B
XIC:CA iShares Core S&P/TSX .. 3.71 % 0.05 %

N/A

CAD5.85B
ZCN:CA BMO S&P/TSX Capped Co.. 3.70 % 0.05 %

N/A

CAD3.54B
QCN:CA Mackenzie Canadian Equity.. 3.65 % 0.06 %

N/A

CAD0.04B
ZDV:CA BMO Canadian Dividend ETF 3.59 % 0.35 %

N/A

CAD0.40B
FDV:CA CI First Asset Active Can.. 3.56 % 0.55 %

N/A

CAD0.02B
FCCQ:CA Fidelity Canadian High Qu.. 3.39 % 0.39 %

N/A

CAD6.88M
RCE:CA RBC Quant Canadian Equity.. 3.04 % 0.39 %

N/A

CAD0.01B
HBG-U:CA Hamilton Global Bank ETF 3.02 % 1.15 %

N/A

N/A
HBG:CA Hamilton Global Bank ETF 2.93 % 1.15 %

N/A

CAD0.02B
HFY-U:CA Hamilton Global Financial.. 2.81 % 1.20 %

N/A

N/A
QCD:CA AGFiQ Canadian Equity ETF 2.74 % 0.45 %

N/A

CAD0.08B
HFY:CA Hamilton Global Financial.. 2.68 % 1.15 %

N/A

CAD0.06B
BANK:CA BMO Global Banks Hedged t.. 2.61 % 0.39 %

N/A

CAD4.39M
XGRO:CA iShares Core Growth ETF P.. 0.69 % 0.20 %

N/A

CAD0.34B
XBAL:CA iShares Core Balanced ETF.. 0.51 % 0.20 %

N/A

CAD0.31B

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 -30.33% 18% F 21% F
Dividend Return 1.23% 75% C 87% B+
Total Return -29.11% 18% F 22% F
Trailing 12 Months  
Capital Gain -27.62% 33% F 26% F
Dividend Return 3.78% 83% B 88% B+
Total Return -23.84% 50% F 28% F
Trailing 5 Years  
Capital Gain -20.95% 17% F 43% F
Dividend Return 21.91% 50% F 78% C+
Total Return 0.96% 17% F 49% F
Average Annual (5 Year Horizon)  
Capital Gain 4.25% 40% F 64% D
Dividend Return 4.09% 80% B- 79% C+
Total Return 8.35% 40% F 70% C-
Risk Return Profile  
Volatility (Standard Deviation) 16.14% 20% F 49% F
Risk Adjusted Return 51.70% 20% F 64% D
Market Capitalization 61.97B 45% F 99% A+
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%

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 7.58 45% F 77% C+
Price/Book Ratio 0.99 83% B 54% F
Price / Cash Flow Ratio N/A N/A N/A N/A N/A
EV/EBITDA N/A N/A N/A N/A N/A
Management Effectiveness  
Return on Equity 12.77% 18% F 79% C+
Return on Invested Capital 4.74% 55% F 50% F
Return on Assets 0.81% 27% F 46% F
Debt to Equity Ratio 10.74% 100% A+ 83% B
Technical Ratios  
Short Ratio 7.10 43% F 10% F
Short Percent N/A N/A N/A N/A N/A
Beta 0.87 45% F 64% 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 Rating

Target Price Action Rating Action Analyst Rating Price Date

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.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

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.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

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.