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

COMMON STOCK | Banks-Diversified | TSX

Last Closing Price

CAD 70.57

Change

-0.19 (-0.27)%

Market Cap

CAD 85.51B

Volume

4.55M

Average Target Price

CAD 65.47 (-7.23%)
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 also provides 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 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. Address: Bank of Nova Scotia Building, Halifax, NS, Canada, B3J 1W1

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-01-20 )

Largest Industry Peers for Banks-Diversified

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

+0.15 (+0.71%)

CAD182.83B 2.70 N/A
RY:CA Royal Bank of Canada

+0.27 (+0.25%)

CAD153.22B 13.76 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

-0.01 (-0.04%)

CAD147.49B 3.25 N/A
TD:CA The Toronto-Dominion Bank

-0.13 (-0.17%)

CAD135.90B 11.64 N/A
BMO:CA Bank of Montreal

-0.95 (-0.95%)

CAD63.99B 13.19 N/A
CM:CA Canadian Imperial Bank of Comm..

-0.89 (-0.78%)

CAD50.34B 13.70 N/A
NA:CA National Bank of Canada

+0.14 (+0.19%)

CAD24.70B 12.90 N/A
NA-PS:CA National Bank of Canada

+0.03 (+0.15%)

CAD24.56B 3.53 N/A

ETFs Containing BNS:CA

Symbol Name Weight Mer Price(Change) Market Cap
CEW:CA iShares Equal Weight Banc.. 0.00 % 0.55 %

-0.05 (-0.33%)

CAD0.16B
QCN:CA Mackenzie Canadian Equity.. 0.00 % 0.06 %

+0.03 (+0.03%)

CAD0.28B
ZWC:CA BMO CA High Dividend Cove.. 0.00 % 0.65 %

-0.01 (-0.06%)

CAD0.74B
BNC:CA Purpose Canadian Financia.. 0.00 % 0.68 %

N/A

CAD2.70M
MCLC:CA Manulife Multifactor Cana.. 0.00 % 0.45 %

N/A

CAD0.22B
FLRM:CA Franklin Liberty Risk Man.. 0.00 % 0.30 %

+0.02 (+0.09%)

CAD9.55M
RBNK:CA RBC Canadian Bank Yield I.. 0.00 % 0.32 %

-0.17 (-0.81%)

CAD0.10B
XDIV:CA iShares Core MSCI Canadia.. 0.00 % 0.10 %

-0.06 (-0.29%)

CAD0.28B
ZVC:CA BMO MSCI Canada Value Ind.. 0.00 % 0.35 %

N/A

CAD3.99M
QCE:CA Mackenzie Canadian Large .. 0.00 % 0.06 %

+0.07 (+0.06%)

CAD0.08B
DRMC:CA Desjardins RI Canada - Lo.. 0.00 % 0.25 %

+0.11 (+0.49%)

CAD0.01B
FST:CA First Trust Canadian Capi.. 0.00 % 0.60 %

N/A

CAD0.04B
HCB:CA Hamilton Canadian Bank Va.. 0.00 % 0.65 %

N/A

CAD0.01B
XBAL:CA iShares Core Balanced ETF.. 0.00 % 0.20 %

+0.02 (+0.08%)

CAD0.47B
XGRO:CA iShares Core Growth ETF P.. 0.00 % 0.20 %

+0.10 (+0.42%)

CAD0.57B
FCCQ:CA Fidelity Canadian High Qu.. 0.00 % 0.40 %

+0.02 (+0.07%)

CAD0.01B
FCCL:CA Fidelity Canadian Low Vol.. 0.00 % 0.40 %

-0.03 (-0.11%)

CAD0.01B
FLCD:CA Franklin FTSE Canada All .. 0.00 % 0.05 %

N/A

CAD0.33B
XESG:CA iShares ESG MSCI Canada I.. 0.00 % 0.23 %

+0.08 (+0.34%)

CAD0.07B
HBG-U:CA Hamilton Global Bank ETF 0.00 % 1.21 %

N/A

N/A
HFY:CA Hamilton Global Financial.. 0.00 % 1.15 %

N/A

CAD0.06B
DXC:CA Dynamic Active Canadian D.. 0.00 % 0.75 %

+0.07 (+0.26%)

CAD0.05B
HBG:CA Hamilton Global Bank ETF 0.00 % 1.15 %

N/A

CAD0.02B
VDY:CA Vanguard FTSE Canadian Hi.. 0.00 % 0.20 %

-0.09 (-0.26%)

CAD0.71B
HEF:CA Horizons Enhanced Income .. 0.00 % 0.65 %

N/A

CAD0.01B
PDC:CA Invesco Canadian Dividend.. 0.00 % 0.50 %

-0.01 (-0.04%)

CAD0.65B
PXC:CA Invesco FTSE RAFI Canadia.. 0.00 % 0.45 %

-0.08 (-0.29%)

CAD0.24B
RCD:CA RBC Quant Canadian Divide.. 0.00 % 0.39 %

+0.01 (+0.05%)

CAD0.10B
RCE:CA RBC Quant Canadian Equity.. 0.00 % 0.39 %

N/A

CAD0.01B
TTP:CA TD Canadian Equity Index .. 0.00 % 0.05 %

+0.05 (+0.25%)

CAD0.90B
VCE:CA Vanguard FTSE Canada Inde.. 0.00 % 0.05 %

+0.07 (+0.18%)

CAD0.75B
VCN:CA Vanguard FTSE Canada All .. 0.00 % 0.05 %

+0.10 (+0.28%)

CAD2.89B
XCV:CA iShares Canadian Value In.. 0.00 % 0.50 %

-0.09 (-0.35%)

CAD0.04B
BANK:CA BMO Global Banks Hedged t.. 0.00 % 0.39 %

N/A

CAD4.39M
XDV:CA iShares Canadian Select D.. 0.00 % 0.50 %

-0.07 (-0.28%)

CAD1.36B
XEI:CA iShares S&P/TSX Compo.. 0.00 % 0.20 %

-0.05 (-0.22%)

CAD0.79B
XFN:CA iShares S&P/TSX Cappe.. 0.00 % 0.55 %

+0.01 (+0.03%)

CAD0.97B
XIC:CA iShares Core S&P/TSX .. 0.00 % 0.05 %

+0.09 (+0.32%)

CAD7.28B
XIU:CA iShares S&P/TSX 60 In.. 0.00 % 0.15 %

+0.05 (+0.19%)

CAD9.22B
ZCN:CA BMO S&P/TSX Capped Co.. 0.00 % 0.05 %

+0.08 (+0.33%)

CAD4.51B
ZDV:CA BMO Canadian Dividend ETF 0.00 % 0.35 %

+0.01 (+0.06%)

CAD0.53B
ZEB:CA BMO Equal Weight Banks In.. 0.00 % 0.55 %

-0.11 (-0.37%)

CAD1.40B
HFY-U:CA Hamilton Global Financial.. 0.00 % 1.20 %

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 2.57% 50% F 54% F
Dividend Return 1.31% 100% A+ 68% D+
Total Return 3.88% 90% A- 66% D
Trailing 12 Months  
Capital Gain -3.79% 20% F 34% F
Dividend Return 4.91% 90% A- 92% A-
Total Return 1.12% 30% F 42% F
Trailing 5 Years  
Capital Gain 29.56% 33% F 53% F
Dividend Return 27.13% 67% D+ 80% B-
Total Return 56.69% 17% F 60% D-
Average Annual (5 Year Horizon)  
Capital Gain -1.32% 10% F 34% F
Dividend Return 3.92% 80% B- 84% B
Total Return 2.60% 40% F 49% F
Risk Return Profile  
Volatility (Standard Deviation) 16.46% 10% F 44% F
Risk Adjusted Return 15.77% 20% F 40% F
Market Capitalization 85.51B 56% 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 13.32 30% F 62% D-
Price/Book Ratio 1.35 67% D+ 59% F
Price / Cash Flow Ratio 2.98 44% F 69% D+
EV/EBITDA N/A N/A N/A N/A N/A
Management Effectiveness  
Return on Equity 9.74% 30% F 74% C
Return on Invested Capital -1.12% 70% C- 35% F
Return on Assets 0.62% 30% F 47% F
Debt to Equity Ratio 10.87% 90% A- 83% B
Technical Ratios  
Short Ratio 8.82 30% F 8% F
Short Percent N/A N/A N/A N/A N/A
Beta 0.87 50% F 68% 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.

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.

Positive cash flow

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

Superior Earnings Growth

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

Superior Revenue Growth

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

What to not like:
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.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

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.