BANK OF NOVA SCOTIA (BNS) Fundamental Analysis & Valuation

NYSE:BNS • CA0641491075

Current stock price

69.26 USD
+1.12 (+1.64%)
At close:
69.26 USD
0 (0%)
After Hours:

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

2

1. BNS Profitability Analysis

1.1 Basic Checks

  • In the past year BNS was profitable.
  • 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.
BNS Yearly Net Income VS EBIT VS OCF VS FCFBNS 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 77.89% of its industry peers.
  • BNS has a Return On Equity (9.58%) which is comparable to the rest of the 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 Yearly ROA, ROE, ROICBNS 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 worse Profit Margin (22.07%) than 64.47% of its industry peers.
  • In the last couple of years the Profit Margin of BNS has declined.
  • 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 Yearly Profit, Operating, Gross MarginsBNS 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 Health Analysis

2.1 Basic Checks

  • BNS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • BNS has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BNS has more shares outstanding
  • Compared to 1 year ago, BNS has an improved debt to assets ratio.
BNS Yearly Shares OutstandingBNS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BNS Yearly Total Debt VS Total AssetsBNS 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 of 18.78. This is amonst the worse of the industry: BNS underperforms 81.58% of 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 amonst the worse of the industry: BNS underperforms 92.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.78
Debt/FCF 18.78
Altman-Z N/A
ROIC/WACCN/A
WACC12.18%
BNS Yearly LT Debt VS Equity VS FCFBNS 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 Yearly Current Assets VS Current LiabilitesBNS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B 400B 500B

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5

3. BNS Growth Analysis

3.1 Past

  • BNS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.84%, which is quite good.
  • 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%.
  • Measured over the past years, BNS shows a small growth in Revenue. The Revenue has been growing by 3.79% on average per year.
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 Y16.45%
EPS Next 2Y14.63%
EPS Next 3Y13.28%
EPS Next 5Y6.96%
Revenue Next Year6.07%
Revenue Next 2Y5.45%
Revenue Next 3Y4.28%
Revenue Next 5Y3.8%

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.
  • 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 Yearly Revenue VS EstimatesBNS 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 Yearly EPS VS EstimatesBNS 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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5

4. BNS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.87 indicates a correct valuation of BNS.
  • Based on the Price/Earnings ratio, BNS is valued a bit more expensive than 60.79% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.54, BNS is valued a bit cheaper.
  • BNS is valuated reasonably with a Price/Forward Earnings ratio of 10.19.
  • The rest of the industry has a similar Price/Forward Earnings ratio as BNS.
  • When comparing the Price/Forward Earnings ratio of BNS to the average of the S&P500 Index (22.70), we can say BNS is valued rather cheaply.
Industry RankSector Rank
PE 12.87
Fwd PE 10.19
BNS Price Earnings VS Forward Price EarningsBNS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BNS indicates a somewhat cheap valuation: BNS is cheaper than 73.16% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.02
EV/EBITDA N/A
BNS Per share dataBNS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • BNS's 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 13.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)2.24
EPS Next 2Y14.63%
EPS Next 3Y13.28%

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

7

5. BNS Dividend Analysis

5.1 Amount

  • BNS has a Yearly Dividend Yield of 4.66%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.78, BNS pays a better dividend. On top of this BNS pays more dividend than 88.68% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, BNS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.66%

5.2 History

  • The dividend of BNS has a limited annual growth rate of 4.75%.
  • BNS has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years0
BNS Yearly Dividends per shareBNS 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.
  • BNS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP70.59%
EPS Next 2Y14.63%
EPS Next 3Y13.28%
BNS Yearly Income VS Free CF VS DividendBNS 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 Dividend Payout.BNS Dividend Payout, showing the Payout Ratio.BNS Dividend Payout.PayoutRetained Earnings

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BNS Fundamentals: All Metrics, Ratios and Statistics

BANK OF NOVA SCOTIA

NYSE:BNS (3/23/2026, 8:04:00 PM)

After market: 69.26 0 (0%)

69.26

+1.12 (+1.64%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-24
Earnings (Next)05-27
Inst Owners54.54%
Inst Owner Change-1.02%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap85.38B
Revenue(TTM)38.02B
Net Income(TTM)8.39B
Analysts67.37
Price Target79.79 (15.2%)
Short Float %0.42%
Short Ratio2.52
Dividend
Industry RankSector Rank
Dividend Yield 4.66%
Yearly Dividend3.45
Dividend Growth(5Y)4.75%
DP70.59%
Div Incr Years0
Div Non Decr Years0
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)4.99%
PT rev (3m)8.5%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)0.31%
EPS NY rev (1m)1.87%
EPS NY rev (3m)2.64%
Revenue NQ rev (1m)1.02%
Revenue NQ rev (3m)0.45%
Revenue NY rev (1m)1.08%
Revenue NY rev (3m)2.27%
Valuation
Industry RankSector Rank
PE 12.87
Fwd PE 10.19
P/S 3.08
P/FCF 9.02
P/OCF 8.64
P/B 1.34
P/tB 1.64
EV/EBITDA N/A
EPS(TTM)5.38
EY7.77%
EPS(NY)6.8
Fwd EY9.81%
FCF(TTM)7.68
FCFY11.09%
OCF(TTM)8.02
OCFY11.58%
SpS22.5
BVpS51.83
TBVpS42.29
PEG (NY)0.78
PEG (5Y)2.24
Graham Number79.21
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
WACC12.18%
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 Y16.45%
EPS Next 2Y14.63%
EPS Next 3Y13.28%
EPS Next 5Y6.96%
Revenue 1Y (TTM)9.84%
Revenue growth 3Y6.31%
Revenue growth 5Y3.79%
Sales Q2Q%2.92%
Revenue Next Year6.07%
Revenue Next 2Y5.45%
Revenue Next 3Y4.28%
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 Fundamental Analysis FAQ

What is the fundamental rating for BNS stock?

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


Can you provide the valuation status for BANK OF NOVA SCOTIA?

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


How profitable is BANK OF NOVA SCOTIA (BNS) stock?

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


What are the PE and PB ratios of BANK OF NOVA SCOTIA (BNS) stock?

The Price/Earnings (PE) ratio for BANK OF NOVA SCOTIA (BNS) is 12.87 and the Price/Book (PB) ratio is 1.34.


Can you provide the dividend sustainability for BNS stock?

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