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

COMMON STOCK | Banks-Diversified | TSX

Last Closing Price

CAD 77.59

Change

+0.16 (+0.21)%

Market Cap

CAD 93.88B

Volume

3.95M

Average Target Price

CAD 73.04 (-5.87%)
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.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-04-16 )

Largest Industry Peers for Banks-Diversified

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

-0.08 (-0.35%)

CAD198.22B 2.84 N/A
RY-PJ:CA Royal Bank of Canada

-0.23 (-0.95%)

CAD187.68B 2.98 N/A
RY-PM:CA Royal Bank of Canada

-0.14 (-0.60%)

CAD187.24B 2.90 N/A
RY:CA Royal Bank of Canada

+0.47 (+0.40%)

CAD167.88B 14.59 N/A
TD:CA The Toronto-Dominion Bank

+0.26 (+0.31%)

CAD150.24B 12.54 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

-0.02 (-0.08%)

CAD146.68B 3.13 N/A
BMO-PW:CA Bank of Montreal

N/A

CAD89.59B 2.80 N/A
BNS-PH:CA The Bank of Nova Scotia

-0.13 (-0.49%)

CAD86.92B 4.79 N/A

ETFs Containing BNS:CA

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

+0.09 (+0.60%)

CAD0.20B
ZVC:CA BMO MSCI Canada Value Ind.. 0.00 % 0.35 %

N/A

CAD4.46M
DXC:CA Dynamic Active Canadian D.. 0.00 % 0.75 %

+0.06 (+0.21%)

CAD0.05B
FST:CA First Trust Canadian Capi.. 0.00 % 0.60 %

N/A

CAD0.05B
HFY:CA Hamilton Global Financial.. 0.00 % 1.15 %

N/A

CAD0.06B
QCD:CA AGFiQ Canadian Equity ETF 0.00 % 0.45 %

+0.23 (+0.75%)

CAD0.08B
BNC:CA Purpose Canadian Financia.. 0.00 % 0.68 %

N/A

CAD0.01B
MCLC:CA Manulife Multifactor Cana.. 0.00 % 0.45 %

N/A

CAD0.25B
FLRM:CA Franklin Liberty Risk Man.. 0.00 % 0.30 %

N/A

CAD9.12M
PDIV:CA Purpose Enhanced Dividend.. 0.00 % 0.87 %

+0.12 (+1.14%)

CAD0.02B
RBNK:CA RBC Canadian Bank Yield I.. 0.00 % 0.29 %

+0.09 (+0.39%)

CAD0.13B
XDIV:CA iShares Core MSCI Canadia.. 0.00 % 0.10 %

+0.06 (+0.27%)

CAD0.39B
QCE:CA Mackenzie Canadian Large .. 0.00 % 0.04 %

N/A

CAD0.09B
ZEB:CA BMO Equal Weight Banks In.. 0.00 % 0.55 %

+0.12 (+0.36%)

CAD1.59B
QCN:CA Mackenzie Canadian Equity.. 0.00 % 0.04 %

-0.01 (-0.01%)

CAD0.46B
DRMC:CA Desjardins RI Canada - Lo.. 0.00 % 0.25 %

+0.08 (+0.33%)

CAD0.02B
HCB:CA Hamilton Canadian Bank Va.. 0.00 % 0.65 %

N/A

CAD0.01B
XBAL:CA iShares Core Balanced ETF.. 0.00 % 0.18 %

-0.01 (-0.04%)

CAD0.61B
XGRO:CA iShares Core Growth ETF P.. 0.00 % 0.18 %

+0.01 (+0.04%)

CAD0.81B
FCCQ:CA Fidelity Canadian High Qu.. 0.00 % 0.35 %

+0.17 (+0.58%)

CAD0.02B
FCCL:CA Fidelity Canadian Low Vol.. 0.00 % 0.35 %

+0.07 (+0.24%)

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

N/A

CAD0.37B
XESG:CA iShares ESG Aware MSCI Ca.. 0.00 % 0.23 %

+0.05 (+0.21%)

CAD0.12B
HBG-U:CA Hamilton Global Bank ETF 0.00 % 1.21 %

N/A

N/A
BANK:CA BMO Global Banks Hedged t.. 0.00 % 0.39 %

N/A

CAD4.39M
ZDV:CA BMO Canadian Dividend ETF 0.00 % 0.35 %

+0.03 (+0.17%)

CAD0.63B
DXM:CA CI First Asset Morningsta.. 0.00 % 0.60 %

N/A

CAD0.01B
TTP:CA TD Canadian Equity Index .. 0.00 % 0.04 %

+0.04 (+0.18%)

CAD1.21B
FDV:CA CI First Asset Active Can.. 0.00 % 0.55 %

+0.15 (+1.35%)

CAD0.02B
HAL:CA Horizons Active Cdn Divid.. 0.00 % 0.55 %

+0.04 (+0.22%)

CAD0.08B
HBG:CA Hamilton Global Bank ETF 0.00 % 1.15 %

N/A

CAD0.02B
HEF:CA Horizons Enhanced Income .. 0.00 % 0.65 %

+0.04 (+0.46%)

CAD0.01B
HEX:CA Horizons Enhanced Income .. 0.00 % 0.65 %

-0.06 (-0.94%)

CAD0.02B
PDC:CA Invesco Canadian Dividend.. 0.00 % 0.50 %

+0.07 (+0.24%)

CAD0.72B
PDF:CA Purpose Core Dividend Fun.. 0.00 % 0.67 %

+0.24 (+0.81%)

CAD0.16B
PXC:CA Invesco FTSE RAFI Canadia.. 0.00 % 0.45 %

+0.02 (+0.07%)

CAD0.28B
RCD:CA RBC Quant Canadian Divide.. 0.00 % 0.39 %

+0.03 (+0.13%)

CAD0.11B
RCE:CA RBC Quant Canadian Equity.. 0.00 % 0.39 %

N/A

CAD0.01B
VCE:CA Vanguard FTSE Canada Inde.. 0.00 % 0.05 %

+0.05 (+0.12%)

CAD0.95B
ZCN:CA BMO S&P/TSX Capped Co.. 0.00 % 0.05 %

+0.04 (+0.15%)

CAD6.07B
VCN:CA Vanguard FTSE Canada All .. 0.00 % 0.05 %

+0.03 (+0.08%)

CAD3.58B
VDY:CA Vanguard FTSE Canadian Hi.. 0.00 % 0.20 %

+0.05 (+0.13%)

CAD0.94B
XCV:CA iShares Canadian Value In.. 0.00 % 0.50 %

+0.06 (+0.21%)

CAD0.07B
XDV:CA iShares Canadian Select D.. 0.00 % 0.50 %

+0.15 (+0.54%)

CAD1.56B
XEI:CA iShares S&P/TSX Compo.. 0.00 % 0.20 %

+0.01 (+0.04%)

CAD1.02B
XFN:CA iShares S&P/TSX Cappe.. 0.00 % 0.55 %

+0.12 (+0.27%)

CAD1.33B
XIC:CA iShares Core S&P/TSX .. 0.00 % 0.05 %

+0.03 (+0.10%)

CAD7.97B
XIU:CA iShares S&P/TSX 60 In.. 0.00 % 0.15 %

+0.04 (+0.12%)

CAD10.01B
XMV:CA iShares MSCI Min Vol Cana.. 0.00 % 0.30 %

+0.06 (+0.18%)

CAD0.12B
XTR:CA iShares Diversified Month.. 0.00 % 0.55 %

N/A

CAD0.59B
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 12.78% 40% F 67% D+
Dividend Return 2.62% 100% A+ 97% A+
Total Return 15.39% 50% F 70% C-
Trailing 12 Months  
Capital Gain 42.50% 40% F 58% F
Dividend Return 6.61% 80% B- 85% B
Total Return 49.11% 40% F 61% D-
Trailing 5 Years  
Capital Gain 21.92% 17% F 51% F
Dividend Return 23.51% 67% D+ 79% C+
Total Return 45.43% 17% F 57% F
Average Annual (5 Year Horizon)  
Capital Gain -2.43% 10% F 21% F
Dividend Return 3.95% 80% B- 86% B
Total Return 1.52% 20% F 35% F
Risk Return Profile  
Volatility (Standard Deviation) 15.34% 50% F 53% F
Risk Adjusted Return 9.90% 10% F 30% F
Market Capitalization 93.88B 76% 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 14.54 6% F 52% F
Price/Book Ratio 1.50 67% D+ 59% F
Price / Cash Flow Ratio 1.66 28% F 77% C+
EV/EBITDA N/A N/A N/A N/A N/A
Management Effectiveness  
Return on Equity 9.82% 6% F 70% C-
Return on Invested Capital -1.12% 91% A- 37% F
Return on Assets 0.60% 34% F 42% F
Debt to Equity Ratio 10.87% 78% C+ 84% B
Technical Ratios  
Short Ratio 9.68 19% F 6% F
Short Percent N/A N/A N/A N/A N/A
Beta 0.85 69% D+ 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 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:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

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.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it 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.