Bank Of Nova Stock Fundamentals
| BNS Stock | CAD 78.50 0.21 0.27% |
Bank of Nova fundamentals help investors to digest information that contributes to Bank of Nova Scotia's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of Nova Scotia's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of Nova Scotia stock.
At this time, Bank of Nova Scotia's EBITDA is very stable compared to the past year. As of the 22nd of November 2024, Total Other Income Expense Net is likely to grow to about 142.5 M, while Total Revenue is likely to drop about 18.9 B. Bank | Select Account or Indicator |
Bank of Nova Company Operating Margin Analysis
Bank of Nova Scotia's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Bank of Nova Scotia Operating Margin | 0.32 % |
Most of Bank of Nova Scotia's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bank of Nova is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bank Operating Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Bank of Nova Scotia is extremely important. It helps to project a fair market value of Bank Stock properly, considering its historical fundamentals such as Operating Margin. Since Bank of Nova Scotia's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bank of Nova Scotia's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bank of Nova Scotia's interrelated accounts and indicators.
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A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Bank Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, Bank of Nova has an Operating Margin of 0.3232%. This is 98.25% lower than that of the Banks sector and significantly higher than that of the Financials industry. The operating margin for all Canada stocks is 105.87% lower than that of the firm.
Bank of Nova Scotia Fundamental Drivers 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 number one stock in return on equity category among its peers. It is rated fourth in return on asset category among its peers 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 17.25 . 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.Bank Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of Nova Scotia's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of Nova Scotia could also be used in its relative valuation, which is a method of valuing Bank of Nova Scotia by comparing valuation metrics of similar companies.Bank of Nova Scotia is currently under evaluation in operating margin category among its peers.
Bank of Nova Scotia ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bank of Nova Scotia's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of Nova Scotia's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Bank Fundamentals
| Return On Equity | 0.0949 | |||
| Return On Asset | 0.0055 | |||
| Profit Margin | 0.25 % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | (50.07 B) | |||
| Shares Outstanding | 1.24 B | |||
| Shares Owned By Insiders | 0.03 % | |||
| Shares Owned By Institutions | 51.45 % | |||
| Number Of Shares Shorted | 33.73 M | |||
| Price To Earning | 13.40 X | |||
| Price To Book | 1.34 X | |||
| Price To Sales | 3.28 X | |||
| Revenue | 31.79 B | |||
| Gross Profit | 29.8 B | |||
| EBITDA | 11.46 B | |||
| Net Income | 7.41 B | |||
| Cash And Equivalents | 383.37 B | |||
| Cash Per Share | 321.37 X | |||
| Total Debt | 313.81 B | |||
| Debt To Equity | 0.14 % | |||
| Book Value Per Share | 65.87 X | |||
| Cash Flow From Operations | 31.72 B | |||
| Short Ratio | 7.08 X | |||
| Earnings Per Share | 5.71 X | |||
| Price To Earnings To Growth | 1.35 X | |||
| Target Price | 78.36 | |||
| Number Of Employees | 89.24 K | |||
| Beta | 0.98 | |||
| Market Capitalization | 97.13 B | |||
| Total Asset | 1.41 T | |||
| Retained Earnings | 55.75 B | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 4.81 % | |||
| Net Asset | 1.41 T | |||
| Last Dividend Paid | 4.24 |
About Bank of Nova Scotia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of Nova's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of Nova Scotia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of Nova based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 30.2 B | 26.8 B | |
| Total Revenue | 36.6 B | 18.9 B | |
| Sales General And Administrative To Revenue | 0.38 | 0.31 | |
| Capex To Revenue | 0.02 | 0.02 | |
| Revenue Per Share | 21.99 | 12.18 | |
| Ebit Per Revenue | 0.53 | 0.50 |
Pair Trading with Bank of Nova Scotia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Nova to buy it.
The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.