BNS Fundamental Analysis - BANK OF NOVA SCOTIA

Fundamental Rating

BNS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. Both the profitability and financial health of BNS have multiple concerns. BNS has a correct valuation and a medium growth rate.

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1. Profitability

1.1 Basic Checks

BNS had positive earnings in the past year.

BNS had a positive operating cash flow in the past year.

Each year in the past 5 years BNS has been profitable.

Of the past 5 years BNS 4 years had a positive operating cash flow.

1.2 Ratios

BNS has a Return On Assets of 0.47%. This is in the lower half of the industry: BNS underperforms 75.51% of its industry peers.

BNS has a Return On Equity of 7.97%. This is comparable to the rest of the industry: BNS outperforms 46.68% of its industry peers.

		Industry Rank	Sector Rank
ROA	0.47%
ROE	7.97%
ROIC	N/A

ROA(3y)0.57%

ROA(5y)0.62%

ROE(3y)10.35%

ROE(5y)10.79%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

The Profit Margin of BNS (18.31%) is worse than 67.09% of its industry peers.

In the last couple of years the Profit Margin of BNS has declined.

The Operating Margin and Gross Margin are not available for BNS so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	18.31%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-10.37%

PM growth 5Y-3.93%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

BNS does not have a ROIC to compare to the WACC, probably because it is not profitable.

BNS has more shares outstanding than it did 1 year ago.

BNS has more shares outstanding than it did 5 years ago.

Compared to 1 year ago, BNS has a worse debt to assets ratio.

2.2 Solvency

BNS has a debt to FCF ratio of 12.15. This is a negative value and a sign of low solvency as BNS would need 12.15 years to pay back of all of its debts.

The Debt to FCF ratio of BNS (12.15) is worse than 79.08% of its industry peers.

BNS has a Debt/Equity ratio of 2.66. This is a high value indicating a heavy dependency on external financing.

BNS has a Debt to Equity ratio of 2.66. This is amonst the worse of the industry: BNS underperforms 92.09% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	2.66
Debt/FCF	12.16
Altman-Z	N/A

ROIC/WACCN/A

WACC14.07%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.25% over the past year.

BNS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.98% yearly.

BNS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.12%.

Measured over the past years, BNS shows a small growth in Revenue. The Revenue has been growing by 1.64% on average per year.

EPS 1Y (TTM)9.25%

EPS 3Y-6.4%

EPS 5Y-1.98%

EPS Q2Q%15.34%

Revenue 1Y (TTM)9.12%

Revenue growth 3Y2.52%

Revenue growth 5Y1.64%

Sales Q2Q%13.41%

3.2 Future

BNS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.46% yearly.

BNS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.52% yearly.

EPS Next Y5.73%

EPS Next 2Y9.68%

EPS Next 3Y10.46%

EPS Next 5YN/A

Revenue Next Year10.19%

Revenue Next 2Y6.81%

Revenue Next 3Y5.63%

Revenue Next 5Y3.52%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.22, BNS is valued correctly.

Compared to the rest of the industry, the Price/Earnings ratio of BNS is on the same level as its industry peers.

When comparing the Price/Earnings ratio of BNS to the average of the S&P500 Index (27.41), we can say BNS is valued rather cheaply.

With a Price/Forward Earnings ratio of 11.44, the valuation of BNS can be described as very reasonable.

The rest of the industry has a similar Price/Forward Earnings ratio as BNS.

Compared to an average S&P500 Price/Forward Earnings ratio of 22.87, BNS is valued rather cheaply.

		Industry Rank	Sector Rank
PE	13.22
Fwd PE	11.44

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, BNS is valued cheaply inside the industry as 89.54% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	5.98
EV/EBITDA	N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BNS does not grow enough to justify the current Price/Earnings ratio.

PEG (NY)2.31

PEG (5Y)N/A

EPS Next 2Y9.68%

EPS Next 3Y10.46%

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5. Dividend

5.1 Amount

BNS has a Yearly Dividend Yield of 4.93%, which is a nice return.

Compared to an average industry Dividend Yield of 3.47, BNS pays a better dividend. On top of this BNS pays more dividend than 83.93% of the companies listed in the same industry.

BNS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.

		Industry Rank	Sector Rank
Dividend Yield	4.93%

5.2 History

The dividend of BNS has a limited annual growth rate of 4.87%.

BNS has paid a dividend for at least 10 years, which is a reliable track record.

Dividend Growth(5Y)4.87%

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

87.33% of the earnings are spent on dividend by BNS. This is not a sustainable payout ratio.

The dividend of BNS is growing, but earnings are growing more, so the dividend growth is sustainable.

DP87.33%

EPS Next 2Y9.68%

EPS Next 3Y10.46%

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BANK OF NOVA SCOTIA

NYSE:BNS (9/23/2025, 8:04:00 PM)

After market: 64.37 0 (0%)

64.37

-0.07 (-0.11%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)08-26 2025-08-26/bmo

Earnings (Next)12-02 2025-12-02/amc

Inst Owners51.31%

Inst Owner Change4.96%

Ins Owners0.01%

Ins Owner ChangeN/A

Market Cap79.86B

Analysts66.67

Price Target64.92 (0.85%)

Short Float %1.8%

Short Ratio12.17

Dividend

		Industry Rank	Sector Rank
Dividend Yield	4.93%

Yearly Dividend3.34

Dividend Growth(5Y)4.87%

DP87.33%

Div Incr Years0

Div Non Decr Years0

Ex-Date10-07 2025-10-07 (1.1)

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)2.15%

Min EPS beat(2)-3.49%

Max EPS beat(2)7.79%

EPS beat(4)2

Avg EPS beat(4)1.76%

Min EPS beat(4)-3.49%

Max EPS beat(4)7.79%

EPS beat(8)4

Avg EPS beat(8)-1.73%

EPS beat(12)5

Avg EPS beat(12)-2.32%

EPS beat(16)8

Avg EPS beat(16)-0.37%

Revenue beat(2)1

Avg Revenue beat(2)0.37%

Min Revenue beat(2)-0.29%

Max Revenue beat(2)1.03%

Revenue beat(4)2

Avg Revenue beat(4)0.95%

Min Revenue beat(4)-1.73%

Max Revenue beat(4)4.76%

Revenue beat(8)3

Avg Revenue beat(8)0.23%

Revenue beat(12)3

Avg Revenue beat(12)-1.15%

Revenue beat(16)4

Avg Revenue beat(16)-1.28%

PT rev (1m)11.44%

PT rev (3m)12.77%

EPS NQ rev (1m)2.67%

EPS NQ rev (3m)-1.69%

EPS NY rev (1m)0%

EPS NY rev (3m)-2.96%

Revenue NQ rev (1m)-0.4%

Revenue NQ rev (3m)2.01%

Revenue NY rev (1m)0.47%

Revenue NY rev (3m)1.3%

Valuation

		Industry Rank	Sector Rank
PE	13.22
Fwd PE	11.44
P/S	3.03
P/FCF	5.98
P/OCF	5.88
P/B	1.32
P/tB	1.63
EV/EBITDA	N/A

EPS(TTM)4.87

EY7.57%

EPS(NY)5.63

Fwd EY8.74%

FCF(TTM)10.77

FCFY16.73%

OCF(TTM)10.95

OCFY17.01%

SpS21.26

BVpS48.85

TBVpS39.48

PEG (NY)2.31

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	0.47%
ROE	7.97%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	18.31%
GM	N/A
FCFM	50.65%

ROA(3y)0.57%

ROA(5y)0.62%

ROE(3y)10.35%

ROE(5y)10.79%

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

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-10.37%

PM growth 5Y-3.93%

GM growth 3YN/A

GM growth 5YN/A

F-Score6

Asset Turnover0.03

Health

		Industry Rank	Sector Rank
Debt/Equity	2.66
Debt/FCF	12.16
Debt/EBITDA	N/A
Cap/Depr	18.68%
Cap/Sales	0.87%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	276.58%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score6

WACC14.07%

ROIC/WACCN/A

Cap/Depr(3y)29.79%

Cap/Depr(5y)33.96%

Cap/Sales(3y)1.55%

Cap/Sales(5y)1.72%

Profit Quality(3y)276.59%

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)9.25%

EPS 3Y-6.4%

EPS 5Y-1.98%

EPS Q2Q%15.34%

EPS Next Y5.73%

EPS Next 2Y9.68%

EPS Next 3Y10.46%

EPS Next 5YN/A

Revenue 1Y (TTM)9.12%

Revenue growth 3Y2.52%

Revenue growth 5Y1.64%

Sales Q2Q%13.41%

Revenue Next Year10.19%

Revenue Next 2Y6.81%

Revenue Next 3Y5.63%

Revenue Next 5Y3.52%

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-23.5%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-23.66%

OCF growth 3YN/A

OCF growth 5YN/A

BANK OF NOVA SCOTIA (BNS) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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