BANK OF NOVA SCOTIA (BNS.CA) Fundamental Analysis & Valuation

TSX:BNS • CA0641491075

Current stock price

100.85 CAD
+1.11 (+1.11%)
Last:

This BNS.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. BNS.CA Profitability Analysis

1.1 Basic Checks

  • BNS had positive earnings in the past year.
  • BNS had a positive operating cash flow in the past year.
  • In the past 5 years BNS has always been profitable.
  • BNS had a positive operating cash flow in 4 of the past 5 years.
BNS.CA Yearly Net Income VS EBIT VS OCF VS FCFBNS.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B

1.2 Ratios

  • The Return On Assets of BNS (0.57%) is worse than 75.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.58%, BNS is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
ROA 0.57%
ROE 9.58%
ROIC N/A
ROA(3y)0.5%
ROA(5y)0.6%
ROE(3y)8.74%
ROE(5y)10.53%
ROIC(3y)N/A
ROIC(5y)N/A
BNS.CA Yearly ROA, ROE, ROICBNS.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • BNS has a Profit Margin of 22.07%. This is in the lower half of the industry: BNS underperforms 79.17% of its industry peers.
  • BNS's Profit Margin has declined in the last couple of years.
  • BNS does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 22.07%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.46%
PM growth 5Y-1.74%
GM growth 3YN/A
GM growth 5YN/A
BNS.CA Yearly Profit, Operating, Gross MarginsBNS.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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1

2. BNS.CA Health Analysis

2.1 Basic Checks

  • BNS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, BNS has less shares outstanding
  • BNS has more shares outstanding than it did 5 years ago.
  • BNS has a better debt/assets ratio than last year.
BNS.CA Yearly Shares OutstandingBNS.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BNS.CA Yearly Total Debt VS Total AssetsBNS.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T

2.2 Solvency

  • The Debt to FCF ratio of BNS is 18.78, which is on the high side as it means it would take BNS, 18.78 years of fcf income to pay off all of its debts.
  • BNS has a Debt to FCF ratio (18.78) which is in line with its industry peers.
  • A Debt/Equity ratio of 2.78 is on the high side and indicates that BNS has dependencies on debt financing.
  • BNS has a Debt to Equity ratio of 2.78. This is in the lower half of the industry: BNS underperforms 70.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.78
Debt/FCF 18.78
Altman-Z N/A
ROIC/WACCN/A
WACC11.51%
BNS.CA Yearly LT Debt VS Equity VS FCFBNS.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B 80B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BNS.CA Yearly Current Assets VS Current LiabilitesBNS.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. BNS.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.84% over the past year.
  • The Earnings Per Share has been growing slightly by 5.75% on average over the past years.
  • BNS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.84%.
  • The Revenue has been growing slightly by 3.79% on average over the past years.
EPS 1Y (TTM)12.84%
EPS 3Y-5.83%
EPS 5Y5.75%
EPS Q2Q%16.48%
Revenue 1Y (TTM)9.84%
Revenue growth 3Y6.31%
Revenue growth 5Y3.79%
Sales Q2Q%2.92%

3.2 Future

  • Based on estimates for the next years, BNS will show a small growth in Earnings Per Share. The EPS will grow by 6.96% on average per year.
  • Based on estimates for the next years, BNS will show a small growth in Revenue. The Revenue will grow by 3.80% on average per year.
EPS Next Y16.61%
EPS Next 2Y14.41%
EPS Next 3Y12.97%
EPS Next 5Y6.96%
Revenue Next Year6.22%
Revenue Next 2Y5.49%
Revenue Next 3Y4.8%
Revenue Next 5Y3.8%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BNS.CA Yearly Revenue VS EstimatesBNS.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B
BNS.CA Yearly EPS VS EstimatesBNS.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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4

4. BNS.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.67, which indicates a correct valuation of BNS.
  • Based on the Price/Earnings ratio, BNS is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.78. BNS is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 10.87 indicates a reasonable valuation of BNS.
  • Based on the Price/Forward Earnings ratio, BNS is valued a bit more expensive than 70.83% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, BNS is valued rather cheaply.
Industry RankSector Rank
PE 13.67
Fwd PE 10.87
BNS.CA Price Earnings VS Forward Price EarningsBNS.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, BNS is valued a bit cheaper than 62.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.57
EV/EBITDA N/A
BNS.CA Per share dataBNS.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BNS's earnings are expected to grow with 12.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)2.37
EPS Next 2Y14.41%
EPS Next 3Y12.97%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. BNS.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.41%, BNS is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.24, BNS pays a better dividend. On top of this BNS pays more dividend than 83.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, BNS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.41%

5.2 History

  • The dividend of BNS has a limited annual growth rate of 4.75%.
  • BNS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • BNS has decreased its dividend recently.
Dividend Growth(5Y)4.75%
Div Incr Years1
Div Non Decr Years1
BNS.CA Yearly Dividends per shareBNS.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • BNS pays out 70.59% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of BNS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP70.59%
EPS Next 2Y14.41%
EPS Next 3Y12.97%
BNS.CA Yearly Income VS Free CF VS DividendBNS.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B
BNS.CA Dividend Payout.BNS.CA Dividend Payout, showing the Payout Ratio.BNS.CA Dividend Payout.PayoutRetained Earnings

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BNS.CA Fundamentals: All Metrics, Ratios and Statistics

BANK OF NOVA SCOTIA

TSX:BNS (4/10/2026, 7:00:00 PM)

100.85

+1.11 (+1.11%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-24
Earnings (Next)05-27
Inst Owners54.46%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap124.19B
Revenue(TTM)38.02B
Net Income(TTM)8.39B
Analysts65.26
Price Target110.74 (9.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.41%
Yearly Dividend4.74
Dividend Growth(5Y)4.75%
DP70.59%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-07
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.81%
Min EPS beat(2)3.68%
Max EPS beat(2)3.93%
EPS beat(4)3
Avg EPS beat(4)2.98%
Min EPS beat(4)-3.49%
Max EPS beat(4)7.79%
EPS beat(8)5
Avg EPS beat(8)1.79%
EPS beat(12)6
Avg EPS beat(12)-1.06%
EPS beat(16)8
Avg EPS beat(16)-0.72%
Revenue beat(2)1
Avg Revenue beat(2)0.78%
Min Revenue beat(2)-1.59%
Max Revenue beat(2)3.15%
Revenue beat(4)2
Avg Revenue beat(4)0.58%
Min Revenue beat(4)-1.59%
Max Revenue beat(4)3.15%
Revenue beat(8)3
Avg Revenue beat(8)0.28%
Revenue beat(12)4
Avg Revenue beat(12)-0.09%
Revenue beat(16)4
Avg Revenue beat(16)-1.09%
PT rev (1m)1.27%
PT rev (3m)6.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.42%
EPS NY rev (1m)0.14%
EPS NY rev (3m)1.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.02%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.99%
Valuation
Industry RankSector Rank
PE 13.67
Fwd PE 10.87
P/S 3.27
P/FCF 9.57
P/OCF 9.17
P/B 1.42
P/tB 1.74
EV/EBITDA N/A
EPS(TTM)7.38
EY7.32%
EPS(NY)9.28
Fwd EY9.2%
FCF(TTM)10.54
FCFY10.45%
OCF(TTM)11
OCFY10.91%
SpS30.87
BVpS71.13
TBVpS58.04
PEG (NY)0.82
PEG (5Y)2.37
Graham Number108.68
Profitability
Industry RankSector Rank
ROA 0.57%
ROE 9.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.07%
GM N/A
FCFM 34.14%
ROA(3y)0.5%
ROA(5y)0.6%
ROE(3y)8.74%
ROE(5y)10.53%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.46%
PM growth 5Y-1.74%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 2.78
Debt/FCF 18.78
Debt/EBITDA N/A
Cap/Depr 35.94%
Cap/Sales 1.5%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 154.67%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC11.51%
ROIC/WACCN/A
Cap/Depr(3y)24.57%
Cap/Depr(5y)28.32%
Cap/Sales(3y)1.25%
Cap/Sales(5y)1.41%
Profit Quality(3y)243.31%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.84%
EPS 3Y-5.83%
EPS 5Y5.75%
EPS Q2Q%16.48%
EPS Next Y16.61%
EPS Next 2Y14.41%
EPS Next 3Y12.97%
EPS Next 5Y6.96%
Revenue 1Y (TTM)9.84%
Revenue growth 3Y6.31%
Revenue growth 5Y3.79%
Sales Q2Q%2.92%
Revenue Next Year6.22%
Revenue Next 2Y5.49%
Revenue Next 3Y4.8%
Revenue Next 5Y3.8%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-24.26%
FCF growth 3Y-32.39%
FCF growth 5Y-38.15%
OCF growth 1Y-23.31%
OCF growth 3Y-31.66%
OCF growth 5Y-37.49%

BANK OF NOVA SCOTIA / BNS.CA Fundamental Analysis FAQ

What is the fundamental rating for BNS stock?

ChartMill assigns a fundamental rating of 3 / 10 to BNS.CA.


What is the valuation status of BANK OF NOVA SCOTIA (BNS.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to BANK OF NOVA SCOTIA (BNS.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BANK OF NOVA SCOTIA?

BANK OF NOVA SCOTIA (BNS.CA) has a profitability rating of 2 / 10.


Can you provide the financial health for BNS stock?

The financial health rating of BANK OF NOVA SCOTIA (BNS.CA) is 1 / 10.


How sustainable is the dividend of BANK OF NOVA SCOTIA (BNS.CA) stock?

The dividend rating of BANK OF NOVA SCOTIA (BNS.CA) is 7 / 10 and the dividend payout ratio is 70.59%.