Bank of Nova Scotia Financials
| BNS Stock | CAD 64.51 0.23 0.36% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Profit Margin | 0.21 | 0.2331 |
|
| |||||
| Return On Assets | 0.0063 | 0.0047 |
|
| |||||
| Return On Equity | 0.17 | 0.11 |
|
| |||||
| Debt Equity Ratio | 3.85 | 3.67 |
|
| |||||
| Operating Income | 17.1 B | 32.3 B |
|
| |||||
| Current Ratio | 1.24 | 1.3 |
|
|
Bank | Select Account or Indicator |
Understanding current and past Bank of Nova Scotia Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Bank of Nova Scotia's financial statements are interrelated, with each one affecting the others. For example, an increase in Bank of Nova Scotia's assets may result in an increase in income on the income statement.
The data published in Bank of Nova Scotia's official financial statements usually reflect Bank of Nova Scotia's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Bank of Nova Scotia. For example, before you start analyzing numbers published by Bank accountants, it's critical to develop an understanding of what Bank of Nova Scotia's liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of Bank of Nova Scotia's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bank of Nova Scotia's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Bank of Nova Scotia's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bank of Nova. Please utilize our Beneish M Score to check the likelihood of Bank of Nova Scotia's management manipulating its earnings.
Bank of Nova Scotia Stock Summary
Bank of Nova Scotia competes with Toronto Dominion, Royal Bank, Bank of Montreal, Canadian Imperial, and Enbridge. The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. Bank of Nova Scotia operates under Banking classification in Canada and is traded on Toronto Stock Exchange. It employs 90978 people.| Foreign Associate | USA |
Specialization | Financial Services, Banks - Diversified |
| Instrument | Canada Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA0641491075 |
| Business Address | 40 Temperance Street, |
| Sector | Banks |
| Industry | Financials |
| Benchmark | NYSE Composite |
| Website | www.scotiabank.com |
| Phone | 416 866 6161 |
| Currency | CAD - Canadian Dollar |
You should never invest in Bank of Nova Scotia without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Bank Stock, because this is throwing your money away. Analyzing the key information contained in Bank of Nova Scotia's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Bank of Nova Scotia Key Financial Ratios
Generally speaking, Bank of Nova Scotia's financial ratios allow both analysts and investors to convert raw data from Bank of Nova Scotia's financial statements into concise, actionable information that can be used to evaluate the performance of Bank of Nova Scotia over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Bank of Nova Scotia reports annually and quarterly.Bank of Nova Scotia Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.1T | 1.2T | 1.3T | 1.4T | 1.6T | 1.7T | |
| Other Current Liab | (122.7B) | (65.6B) | (92.9B) | (142.7B) | (128.4B) | (122.0B) | |
| Net Debt | (69.1B) | 159.3B | 245.0B | 220.3B | 253.3B | 266.0B | |
| Retained Earnings | 46.3B | 51.4B | 53.8B | 55.7B | 64.1B | 67.3B | |
| Accounts Payable | 8.3B | 8.9B | 12.6B | 17.0B | 19.5B | 20.5B | |
| Cash | 76.5B | 86.3B | 65.9B | 90.3B | 103.9B | 109.1B | |
| Other Assets | 775.1B | 765.0B | 817.5B | 978.0B | 1.1T | 1.2T | |
| Net Receivables | 8.7B | 9.1B | 13.4B | 7.1B | 8.2B | 5.4B | |
| Total Liab | 1.1T | 1.1T | 1.3T | 1.3T | 1.5T | 1.6T | |
| Total Current Assets | 89.2B | 125.2B | 129.1B | 132.7B | 119.4B | 77.2B | |
| Short Term Debt | 113.5B | 57.3B | 84.0B | 130.1B | 149.6B | 157.1B | |
| Other Current Assets | 35.4B | 30.3B | 35.0B | 45.4B | 40.8B | 78.3B | |
| Common Stock | 18.3B | 18.2B | 18.5B | 18.7B | 21.5B | 14.9B | |
| Good Will | 9.3B | 8.8B | 8.9B | 9.2B | 10.6B | 7.8B | |
| Intangible Assets | 7.7B | 7.8B | 8.0B | 8.0B | 9.2B | 5.6B | |
| Other Liab | 66.3B | 71.5B | 76.1B | 70.6B | 81.2B | 66.6B | |
| Net Tangible Assets | 47.7B | 49.1B | 53.4B | 56.1B | 64.5B | 49.9B | |
| Long Term Debt | 7.4B | 6.3B | 177.4B | 190.7B | 219.3B | 230.2B | |
| Inventory | 372M | 301M | 257M | 274M | 246.6M | 276.4M | |
| Short Long Term Debt | 57.3B | 3.3B | 130.1B | 119.9B | 137.9B | 98.4B | |
| Long Term Debt Total | 7.3B | 10.9B | 9.7B | 11.8B | 13.6B | 9.0B | |
| Earning Assets | 397.0B | 436.0B | 479.2B | 494.5B | 568.7B | 454.7B | |
| Net Invested Capital | 89.1B | 93.6B | 372.7B | 379.5B | 436.4B | 458.2B |
Bank of Nova Scotia Key Income Statement Accounts
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Bank of Nova Scotia's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 12.4B | 8.0B | 15.4B | 38.5B | 44.3B | 46.5B | |
| Total Revenue | 31.3B | 30.9B | 31.1B | 31.8B | 36.6B | 18.9B | |
| Gross Profit | 30.2B | 31.3B | 30.9B | 31.1B | 35.8B | 18.3B | |
| Operating Income | 26.5B | 20.7B | 20.5B | 28.1B | 32.3B | 17.1B | |
| Ebit | 26.5B | 20.7B | 20.5B | 28.1B | 32.3B | 17.1B | |
| Ebitda | 27.5B | 22.3B | 22.0B | 29.6B | 34.1B | 17.6B | |
| Income Before Tax | 8.4B | 12.8B | 12.9B | 9.8B | 11.2B | 6.9B | |
| Net Income | 6.8B | 9.6B | 9.9B | 7.4B | 8.5B | 5.2B | |
| Income Tax Expense | 2.5B | 1.5B | 2.9B | 2.8B | 3.2B | 3.3B | |
| Minority Interest | 2.4B | (331M) | (258M) | (118M) | (106.2M) | (100.9M) | |
| Tax Provision | 1.5B | 2.9B | 2.8B | 2.2B | 2.6B | 2.5B | |
| Net Interest Income | 17.3B | 17.0B | 18.1B | 18.3B | 21.0B | 17.9B | |
| Interest Income | 29.7B | 25.0B | 33.6B | 56.8B | 65.3B | 33.3B |
Bank of Nova Scotia Key Cash Accounts
Cash flow analysis captures how much money flows into and out of Bank of Nova Scotia. It measures of how well Bank is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Bank of Nova Scotia brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Bank had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Bank of Nova Scotia has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 219M | (1.4B) | 1.4B | (892M) | (1.0B) | (974.5M) | |
| Free Cash Flow | 55.9B | (13.3B) | 16.4B | 31.3B | 36.0B | 37.8B | |
| Depreciation | 1.5B | 1.5B | 1.5B | 1.8B | 2.1B | 2.2B | |
| Other Non Cash Items | 3B | (967M) | (594M) | (18.3B) | (16.5B) | (15.6B) | |
| Dividends Paid | 4.6B | 4.6B | 5.1B | 5.4B | 6.2B | 6.5B | |
| Capital Expenditures | 771M | 462M | 571M | 442M | 508.3M | 383.4M | |
| Net Income | 6.9B | 10.0B | 10.2B | 7.4B | 8.5B | 5.3B | |
| End Period Cash Flow | 11.1B | 9.7B | 11.1B | 10.2B | 11.7B | 12.3B | |
| Investments | (56.5B) | 16.5B | (8.8B) | (30.0B) | (27.0B) | (25.7B) | |
| Net Borrowings | 1.5B | (354M) | (1.1B) | 1.8B | 2.0B | 2.1B | |
| Change To Netincome | 2.8B | 4.6B | 2.2B | 2.4B | 2.8B | 2.7B |
Bank Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Bank of Nova Scotia's current stock value. Our valuation model uses many indicators to compare Bank of Nova Scotia value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bank of Nova Scotia competition to find correlations between indicators driving Bank of Nova Scotia's intrinsic value. More Info.Bank of Nova is rated fifth in return on equity category among related companies. It is rated fifth in return on asset category among related companies reporting about 0.06 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Bank of Nova is roughly 17.59 . At this time, Bank of Nova Scotia's Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Bank of Nova Scotia by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bank of Nova Scotia's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Bank of Nova Scotia's earnings, one of the primary drivers of an investment's value.Bank of Nova Scotia Systematic Risk
Bank of Nova Scotia's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Bank of Nova Scotia volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Bank of Nova Scotia correlated with the market. If Beta is less than 0 Bank of Nova Scotia generally moves in the opposite direction as compared to the market. If Bank of Nova Scotia Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Bank of Nova Scotia is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Bank of Nova Scotia is generally in the same direction as the market. If Beta > 1 Bank of Nova Scotia moves generally in the same direction as, but more than the movement of the benchmark.
Bank of Nova Total Assets Over Time
About Bank of Nova Scotia Financials
What exactly are Bank of Nova Scotia Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Bank of Nova Scotia's income statement, its balance sheet, and the statement of cash flows. Potential Bank of Nova Scotia investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Bank of Nova Scotia investors may use each financial statement separately, they are all related. The changes in Bank of Nova Scotia's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bank of Nova Scotia's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Bank of Nova Scotia Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Bank of Nova Scotia is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Bank has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Bank of Nova Scotia's financials are consistent with your investment objective using the following steps:- Review Bank of Nova Scotia's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Bank of Nova Scotia's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Bank of Nova Scotia's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Bank of Nova Scotia's stock is overvalued or undervalued.
Bank of Nova Scotia Thematic Clasifications
Bank of Nova is part of Banks investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. All money banks and credit services. Large and small money and credit banks and credit services
This theme covers All money banks and credit services. Large and small money and credit banks and credit services. Get More Thematic Ideas
| Banks | View |
Today, most investors in Bank of Nova Scotia Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bank of Nova Scotia's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Bank of Nova Scotia growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
|
Bank of Nova Scotia April 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Bank of Nova Scotia help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Bank of Nova. We use our internally-developed statistical techniques to arrive at the intrinsic value of Bank of Nova based on widely used predictive technical indicators. In general, we focus on analyzing Bank Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bank of Nova Scotia's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.9579 | |||
| Information Ratio | 0.017 | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.16 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Bank Stock analysis
When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |