National Historical Financial Ratios
| NA Stock | CAD 137.39 0.42 0.30% |
National Bank is lately reporting on over 93 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 131 will help investors to properly organize and evaluate National Bank financial condition quickly.
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About National Financial Ratios Analysis
National BankFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate National Bank investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on National financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across National Bank history.
National Bank Financial Ratios Chart
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Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Net Debt To E B I T D A
A leverage ratio that indicates a company's ability to pay off its incurred debt. It compares a company's net debt (total debt minus cash) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).Most ratios from National Bank's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into National Bank current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, National Bank's EV To Operating Cash Flow is very stable compared to the past year. As of the 26th of November 2024, PE Ratio is likely to grow to 7.89, while Price To Sales Ratio is likely to drop 1.70.
| 2020 | 2022 | 2024 (projected) | Dividend Yield | 0.0318 | 0.0516 | 0.0441 | Price To Sales Ratio | 3.89 | 2.98 | 1.7 |
National Bank fundamentals Correlations
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National Bank Account Relationship Matchups
High Positive Relationship
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National Bank fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 2.84 | 3.12 | 2.72 | 3.89 | 2.98 | 1.7 | |
| Dividend Yield | 0.0435 | 0.0606 | 0.0318 | 0.0516 | 0.0465 | 0.0441 | |
| Ptb Ratio | 1.54 | 1.31 | 1.84 | 1.44 | 1.23 | 1.11 | |
| Book Value Per Share | 48.83 | 55.92 | 64.51 | 70.12 | 63.11 | 59.96 | |
| Free Cash Flow Yield | 0.34 | 0.91 | 0.16 | (0.0829) | 0.14 | 0.13 | |
| Operating Cash Flow Per Share | 59.55 | 18.13 | (5.7) | 15.3 | 13.77 | 13.08 | |
| Stock Based Compensation To Revenue | 0.00114 | 0.001235 | 0.001767 | 0.0246 | 0.0221 | 0.0232 | |
| Pb Ratio | 1.54 | 1.31 | 1.84 | 1.44 | 1.23 | 1.11 | |
| Ev To Sales | 3.65 | 4.98 | 4.72 | 4.85 | 4.36 | 4.58 | |
| Free Cash Flow Per Share | 58.02 | 16.45 | (7.69) | 13.37 | 12.03 | 11.43 | |
| Roic | 0.0392 | 0.0513 | 0.1 | 0.0508 | 0.0585 | 0.0555 | |
| Net Income Per Share | 6.08 | 9.31 | 10.04 | 9.88 | 8.89 | 8.45 | |
| Capex To Revenue | 0.0651 | 0.0637 | 0.0697 | 0.036 | 0.0324 | 0.0347 | |
| Cash Per Share | 103.45 | 109.16 | 107.81 | 115.91 | 104.32 | 99.1 | |
| Pocfratio | 1.07 | 5.66 | (16.27) | 5.64 | 6.48 | 6.8 | |
| Interest Coverage | 0.75 | 1.85 | 2.0 | 0.35 | 0.32 | 0.3 | |
| Capex To Operating Cash Flow | 0.0257 | 0.0928 | (0.35) | 0.0681 | 0.0784 | 0.0919 | |
| Pfcf Ratio | 1.1 | 6.24 | (12.06) | 6.45 | 5.8 | 6.09 | |
| Income Quality | 9.59 | 1.92 | (0.57) | 1.55 | 1.39 | 0.79 | |
| Roe | 0.12 | 0.17 | 0.16 | 0.14 | 0.13 | 0.11 | |
| Ev To Operating Cash Flow | 1.44 | 7.26 | (23.61) | 9.17 | 10.55 | 11.08 | |
| Pe Ratio | 10.51 | 11.02 | 9.24 | 8.72 | 7.85 | 7.89 | |
| Return On Tangible Assets | 0.006208 | 0.008901 | 0.008442 | 0.00793 | 0.007137 | 0.005464 | |
| Ev To Free Cash Flow | 1.48 | 8.0 | (17.51) | 10.5 | 9.45 | 9.92 | |
| Intangibles To Total Assets | 0.008588 | 0.008471 | 0.007131 | 0.006556 | 0.0059 | 0.006065 | |
| Net Debt To E B I T D A | 9.17 | 2.49 | 2.19 | 2.98 | 2.68 | 2.41 | |
| Current Ratio | 2.23 | 1.83 | 1.93 | 0.22 | 0.25 | 0.24 | |
| Tangible Book Value Per Share | 40.34 | 46.98 | 55.97 | 61.9 | 55.71 | 52.92 | |
| Graham Number | 81.75 | 108.23 | 120.7 | 124.87 | 112.38 | 106.76 | |
| Shareholders Equity Per Share | 48.82 | 55.91 | 64.5 | 70.12 | 63.11 | 59.95 | |
| Debt To Equity | 2.19 | 2.28 | 2.04 | 2.24 | 2.01 | 2.12 | |
| Capex Per Share | 1.53 | 1.68 | 1.99 | 1.04 | 0.94 | 0.89 | |
| Graham Net Net | (1.0K) | (1.1K) | (1.3K) | (1.1K) | (1.2K) | (1.3K) | |
| Revenue Per Share | 23.53 | 26.4 | 28.53 | 28.94 | 26.05 | 24.75 |
Pair Trading with National Bank
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 National Bank 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 National Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with National Stock
The ability to find closely correlated positions to National Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Bank 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 National Bank - 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 National Bank of to buy it.
The correlation of National Bank 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 National Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Bank 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 National Bank 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.Other Information on Investing in National Stock
National BankFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate National Bank investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on National financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across National Bank history.