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BANK OF NOVA SCOTIA (BNS) Stock Fundamental Analysis

NYSE:BNS - New York Stock Exchange, Inc. - CA0641491075 - Common Stock - Currency: USD

48.8  +0.24 (+0.49%)

After market: 48.8 0 (0%)

Fundamental Rating

3

Overall BNS gets a fundamental rating of 3 out of 10. We evaluated BNS against 398 industry peers in the Banks industry. BNS has a bad profitability rating. Also its financial health evaluation is rather negative. BNS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year BNS was profitable.
In the past year BNS had a positive cash flow from operations.
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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B

1.2 Ratios

The Return On Assets of BNS (0.43%) is worse than 79.40% of its industry peers.
BNS has a Return On Equity of 7.36%. This is comparable to the rest of the industry: BNS outperforms 41.46% of its industry peers.
Industry RankSector Rank
ROA 0.43%
ROE 7.36%
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
BNS Yearly ROA, ROE, ROICBNS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 18.04%, BNS is not doing good in the industry: 66.58% of the companies in the same industry are doing better.
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) 18.04%
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
BNS Yearly Profit, Operating, Gross MarginsBNS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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0

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.
The number of shares outstanding for BNS has been increased compared to 5 years ago.
The debt/assets ratio for BNS is higher compared to a year ago.
BNS Yearly Shares OutstandingBNS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
BNS Yearly Total Debt VS Total AssetsBNS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500B 1T

2.2 Solvency

BNS has a debt to FCF ratio of 12.69. This is a negative value and a sign of low solvency as BNS would need 12.69 years to pay back of all of its debts.
BNS has a Debt to FCF ratio of 12.69. This is amonst the worse of the industry: BNS underperforms 80.40% of its industry peers.
A Debt/Equity ratio of 2.63 is on the high side and indicates that BNS has dependencies on debt financing.
The Debt to Equity ratio of BNS (2.63) is worse than 92.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.63
Debt/FCF 12.69
Altman-Z N/A
ROIC/WACCN/A
WACC13.75%
BNS Yearly LT Debt VS Equity VS FCFBNS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B 400B 500B

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4

3. Growth

3.1 Past

BNS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.51%.
The Earnings Per Share has been decreasing by -1.98% on average over the past years.
Looking at the last year, BNS shows a small growth in Revenue. The Revenue has grown by 5.64% in the last year.
The Revenue has been growing slightly by 1.64% on average over the past years.
EPS 1Y (TTM)2.51%
EPS 3Y-6.4%
EPS 5Y-1.98%
EPS Q2Q%4.14%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y2.52%
Revenue growth 5Y1.64%
Sales Q2Q%11.13%

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 8.36% yearly.
Based on estimates for the next years, BNS will show a small growth in Revenue. The Revenue will grow by 3.15% on average per year.
EPS Next Y8.96%
EPS Next 2Y11.03%
EPS Next 3Y8.36%
EPS Next 5YN/A
Revenue Next Year8.71%
Revenue Next 2Y6.5%
Revenue Next 3Y4.81%
Revenue Next 5Y3.15%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BNS Yearly Revenue VS EstimatesBNS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
BNS Yearly EPS VS EstimatesBNS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.36, the valuation of BNS can be described as reasonable.
67.59% of the companies in the same industry are more expensive than BNS, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.78. BNS is valued rather cheaply when compared to this.
BNS is valuated reasonably with a Price/Forward Earnings ratio of 8.49.
70.35% of the companies in the same industry are more expensive than BNS, based on the Price/Forward Earnings ratio.
BNS is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.32, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.36
Fwd PE 8.49
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

Based on the Price/Free Cash Flow ratio, BNS is valued cheaply inside the industry as 92.96% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.75
EV/EBITDA N/A
BNS Per share dataBNS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.16
PEG (5Y)N/A
EPS Next 2Y11.03%
EPS Next 3Y8.36%

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5. Dividend

5.1 Amount

BNS has a Yearly Dividend Yield of 6.30%, which is a nice return.
Compared to an average industry Dividend Yield of 3.52, BNS pays a better dividend. On top of this BNS pays more dividend than 93.97% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.46, BNS pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.3%

5.2 History

The dividend of BNS has a limited annual growth rate of 4.87%.
BNS has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BNS decreased recently.
Dividend Growth(5Y)4.87%
Div Incr Years1
Div Non Decr Years1
BNS Yearly Dividends per shareBNS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

91.55% 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.
DP91.55%
EPS Next 2Y11.03%
EPS Next 3Y8.36%
BNS Yearly Income VS Free CF VS DividendBNS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B
BNS Dividend Payout.BNS Dividend Payout, showing the Payout Ratio.BNS Dividend Payout.PayoutRetained Earnings

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BANK OF NOVA SCOTIA

NYSE:BNS (4/25/2025, 8:04:00 PM)

After market: 48.8 0 (0%)

48.8

+0.24 (+0.49%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-25 2025-02-25/bmo
Earnings (Next)05-27 2025-05-27/bmo
Inst Owners50.4%
Inst Owner Change-47.34%
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap60.78B
Analysts66.32
Price Target56.64 (16.07%)
Short Float %3.36%
Short Ratio19.71
Dividend
Industry RankSector Rank
Dividend Yield 6.3%
Yearly Dividend3.33
Dividend Growth(5Y)4.87%
DP91.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-01 2025-04-01 (1.06)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.37%
Min EPS beat(2)-2.7%
Max EPS beat(2)5.44%
EPS beat(4)2
Avg EPS beat(4)0.6%
Min EPS beat(4)-2.7%
Max EPS beat(4)5.44%
EPS beat(8)3
Avg EPS beat(8)-3.08%
EPS beat(12)5
Avg EPS beat(12)-1.95%
EPS beat(16)9
Avg EPS beat(16)0.09%
Revenue beat(2)1
Avg Revenue beat(2)1.52%
Min Revenue beat(2)-1.73%
Max Revenue beat(2)4.76%
Revenue beat(4)1
Avg Revenue beat(4)-0.02%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)4.76%
Revenue beat(8)2
Avg Revenue beat(8)-0.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.63%
Revenue beat(16)3
Avg Revenue beat(16)-1.48%
PT rev (1m)1.31%
PT rev (3m)-0.37%
EPS NQ rev (1m)-0.64%
EPS NQ rev (3m)-4%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-1.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.52%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)2.92%
Valuation
Industry RankSector Rank
PE 10.36
Fwd PE 8.49
P/S 2.44
P/FCF 4.75
P/OCF 4.66
P/B 0.99
P/tB 1.23
EV/EBITDA N/A
EPS(TTM)4.71
EY9.65%
EPS(NY)5.75
Fwd EY11.78%
FCF(TTM)10.27
FCFY21.04%
OCF(TTM)10.47
OCFY21.45%
SpS20.03
BVpS49.08
TBVpS39.69
PEG (NY)1.16
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.43%
ROE 7.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 18.04%
GM N/A
FCFM 51.25%
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 Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 2.63
Debt/FCF 12.69
Debt/EBITDA N/A
Cap/Depr 20.15%
Cap/Sales 1.01%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 284.04%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC13.75%
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)2.51%
EPS 3Y-6.4%
EPS 5Y-1.98%
EPS Q2Q%4.14%
EPS Next Y8.96%
EPS Next 2Y11.03%
EPS Next 3Y8.36%
EPS Next 5YN/A
Revenue 1Y (TTM)5.64%
Revenue growth 3Y2.52%
Revenue growth 5Y1.64%
Sales Q2Q%11.13%
Revenue Next Year8.71%
Revenue Next 2Y6.5%
Revenue Next 3Y4.81%
Revenue Next 5Y3.15%
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 1Y39.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y35.6%
OCF growth 3YN/A
OCF growth 5YN/A