NATIONAL BANK OF CANADA (NA.CA) Stock Fundamental Analysis
TSX:NA • CA6330671034
174.78 CAD
+2.53 (+1.47%)
Last: Feb 13, 2026, 07:00 PM
We assign a fundamental rating of 3 out of 10 to NA. NA was compared to 24 industry peers in the Banks industry. Both the profitability and financial health of NA have multiple concerns. NA is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- NA had positive earnings in the past year.
- In the past year NA had a positive cash flow from operations.
- Each year in the past 5 years NA has been profitable.
- NA had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- NA has a Return On Assets of 0.67%. This is comparable to the rest of the industry: NA outperforms 45.83% of its industry peers.
- With a Return On Equity value of 11.41%, NA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 11.41% | ||
| ROIC | N/A |
ROA(3y)0.73%
ROA(5y)0.77%
ROE(3y)13.03%
ROE(5y)14.07%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- NA's Profit Margin of 27.55% is in line compared to the rest of the industry. NA outperforms 50.00% of its industry peers.
- NA's Profit Margin has improved in the last couple of years.
- The Operating Margin and Gross Margin are not available for NA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.55% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.72%
PM growth 5Y2.58%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- NA does not have a ROIC to compare to the WACC, probably because it is not profitable.
- NA has more shares outstanding than it did 1 year ago.
- NA has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for NA has been reduced compared to a year ago.
2.2 Solvency
- NA has a debt to FCF ratio of 13.40. This is a negative value and a sign of low solvency as NA would need 13.40 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 13.40, NA perfoms like the industry average, outperforming 54.17% of the companies in the same industry.
- NA has a Debt/Equity ratio of 1.74. This is a high value indicating a heavy dependency on external financing.
- NA has a better Debt to Equity ratio (1.74) than 70.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.74 | ||
| Debt/FCF | 13.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.49%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- NA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.57%, which is quite good.
- The Earnings Per Share has been growing by 13.23% on average over the past years. This is quite good.
- Looking at the last year, NA shows a very strong growth in Revenue. The Revenue has grown by 22.63%.
- NA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.02% yearly.
EPS 1Y (TTM)8.57%
EPS 3Y5.41%
EPS 5Y13.23%
EPS Q2Q%9.3%
Revenue 1Y (TTM)22.63%
Revenue growth 3Y13.14%
Revenue growth 5Y12.02%
Sales Q2Q%23.72%
3.2 Future
- NA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.21% yearly.
- Based on estimates for the next years, NA will show a small growth in Revenue. The Revenue will grow by 5.57% on average per year.
EPS Next Y10.19%
EPS Next 2Y11.45%
EPS Next 3Y10.07%
EPS Next 5Y5.21%
Revenue Next Year8.92%
Revenue Next 2Y7.6%
Revenue Next 3Y5.57%
Revenue Next 5YN/A
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 decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.49, the valuation of NA can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of NA indicates a slightly more expensive valuation: NA is more expensive than 79.17% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of NA to the average of the S&P500 Index (27.19), we can say NA is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 14.06, the valuation of NA can be described as correct.
- NA's Price/Forward Earnings ratio is rather expensive when compared to the industry. NA is more expensive than 91.67% of the companies in the same industry.
- NA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.49 | ||
| Fwd PE | 14.06 |
4.2 Price Multiples
- NA's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- NA's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.52
PEG (5Y)1.17
EPS Next 2Y11.45%
EPS Next 3Y10.07%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.88%, NA has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.03, NA is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, NA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.88% |
5.2 History
- The dividend of NA is nicely growing with an annual growth rate of 6.57%!
- NA has paid a dividend for at least 10 years, which is a reliable track record.
- NA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.57%
Div Incr Years15
Div Non Decr Years31
5.3 Sustainability
- NA pays out 50.67% of its income as dividend. This is a bit on the high side, but may be sustainable.
- NA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP50.67%
EPS Next 2Y11.45%
EPS Next 3Y10.07%
TSX:NA (2/13/2026, 7:00:00 PM)
174.78
+2.53 (+1.47%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)12-03 2025-12-03/bmo
Earnings (Next)02-25 2026-02-25
Inst Owners38.54%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap67.88B
Revenue(TTM)13.98B
Net Income(TTM)3.85B
Analysts74.55
Price Target177.01 (1.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.88% |
Yearly Dividend5.33
Dividend Growth(5Y)6.57%
DP50.67%
Div Incr Years15
Div Non Decr Years31
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.5%
Min EPS beat(2)-3.39%
Max EPS beat(2)4.39%
EPS beat(4)3
Avg EPS beat(4)5.88%
Min EPS beat(4)-3.39%
Max EPS beat(4)15.18%
EPS beat(8)6
Avg EPS beat(8)4.13%
EPS beat(12)8
Avg EPS beat(12)2.41%
EPS beat(16)10
Avg EPS beat(16)2.63%
Revenue beat(2)1
Avg Revenue beat(2)-0.23%
Min Revenue beat(2)-4.43%
Max Revenue beat(2)3.96%
Revenue beat(4)3
Avg Revenue beat(4)2.65%
Min Revenue beat(4)-4.43%
Max Revenue beat(4)7.89%
Revenue beat(8)5
Avg Revenue beat(8)1.26%
Revenue beat(12)6
Avg Revenue beat(12)-0.12%
Revenue beat(16)7
Avg Revenue beat(16)-0.77%
PT rev (1m)0.18%
PT rev (3m)12.32%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)4.12%
EPS NY rev (1m)0%
EPS NY rev (3m)4%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)3.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.49 | ||
| Fwd PE | 14.06 | ||
| P/S | 4.86 | ||
| P/FCF | 15.42 | ||
| P/OCF | 14.64 | ||
| P/B | 2.01 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | N/A |
EPS(TTM)11.28
EY6.45%
EPS(NY)12.43
Fwd EY7.11%
FCF(TTM)11.34
FCFY6.49%
OCF(TTM)11.94
OCFY6.83%
SpS36
BVpS86.96
TBVpS74.47
PEG (NY)1.52
PEG (5Y)1.17
Graham Number148.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 11.41% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.55% | ||
| GM | N/A | ||
| FCFM | 31.49% |
ROA(3y)0.73%
ROA(5y)0.77%
ROE(3y)13.03%
ROE(5y)14.07%
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-6.72%
PM growth 5Y2.58%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.74 | ||
| Debt/FCF | 13.4 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 35.63% | ||
| Cap/Sales | 1.67% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 114.28% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC15.49%
ROIC/WACCN/A
Cap/Depr(3y)63%
Cap/Depr(5y)59.13%
Cap/Sales(3y)3.02%
Cap/Sales(5y)2.91%
Profit Quality(3y)127.34%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.57%
EPS 3Y5.41%
EPS 5Y13.23%
EPS Q2Q%9.3%
EPS Next Y10.19%
EPS Next 2Y11.45%
EPS Next 3Y10.07%
EPS Next 5Y5.21%
Revenue 1Y (TTM)22.63%
Revenue growth 3Y13.14%
Revenue growth 5Y12.02%
Sales Q2Q%23.72%
Revenue Next Year8.92%
Revenue Next 2Y7.6%
Revenue Next 3Y5.57%
Revenue Next 5YN/A
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 1Y4.59%
FCF growth 3YN/A
FCF growth 5Y-25.97%
OCF growth 1Y-0.37%
OCF growth 3YN/A
OCF growth 5Y-25.34%
NATIONAL BANK OF CANADA / NA.CA FAQ
Can you provide the ChartMill fundamental rating for NATIONAL BANK OF CANADA?
ChartMill assigns a fundamental rating of 3 / 10 to NA.CA.
Can you provide the valuation status for NATIONAL BANK OF CANADA?
ChartMill assigns a valuation rating of 2 / 10 to NATIONAL BANK OF CANADA (NA.CA). This can be considered as Overvalued.
What is the profitability of NA stock?
NATIONAL BANK OF CANADA (NA.CA) has a profitability rating of 3 / 10.
What is the earnings growth outlook for NATIONAL BANK OF CANADA?
The Earnings per Share (EPS) of NATIONAL BANK OF CANADA (NA.CA) is expected to grow by 10.19% in the next year.
How sustainable is the dividend of NATIONAL BANK OF CANADA (NA.CA) stock?
The dividend rating of NATIONAL BANK OF CANADA (NA.CA) is 6 / 10 and the dividend payout ratio is 50.67%.