Bank Historical Financial Ratios
| BNS Stock | USD 48.05 0.34 0.70% |
Bank of Nova Scotia is presently reporting on over 122 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 Dividend Yield of 0.0617, PTB Ratio of 1.17 or Days Sales Outstanding of 125 will help investors to properly organize and evaluate Bank of Nova Scotia financial condition quickly.
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About Bank Financial Ratios Analysis
Bank of Nova ScotiaFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Bank of Nova Scotia 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 Bank financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Bank of Nova Scotia history.
Bank of Nova Scotia Financial Ratios Chart
Bank of Nova financial ratios usually calculated using numerical values taken directly from Bank of Nova Scotia financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Bank of Nova Scotia. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Bank of Nova Scotia's PB Ratio is comparatively stable compared to the past year. EV To Sales is likely to gain to 8.64 in 2024, whereas Days Sales Outstanding is likely to drop 124.52 in 2024. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Bank of Nova Scotia stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Bank of Nova Scotia sales, a figure that is much harder to manipulate than other Bank of Nova multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Bank of Nova dividend as a percentage of Bank of Nova Scotia stock price. Bank of Nova Scotia dividend yield is a measure of Bank of Nova Scotia stock productivity, which can be interpreted as interest rate earned on an Bank of Nova Scotia investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most ratios from Bank of Nova Scotia's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Bank of Nova Scotia 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 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. At this time, Bank of Nova Scotia's PB Ratio is comparatively stable compared to the past year. EV To Sales is likely to gain to 8.64 in 2024, whereas Days Sales Outstanding is likely to drop 124.52 in 2024.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0648 | 0.0808 | 0.0929 | Price To Sales Ratio | 2.54 | 2.11 | 1.9 |
Bank of Nova Scotia fundamentals Correlations
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Bank of Nova Scotia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nova Scotia fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 3.04 | 2.14 | 3.22 | 2.54 | 2.11 | 1.9 | |
| Dividend Yield | 0.068 | 0.0463 | 0.0648 | 0.0808 | 0.0929 | 0.0617 | |
| Ptb Ratio | 0.98 | 1.41 | 1.08 | 0.87 | 0.79 | 1.17 | |
| Days Sales Outstanding | 101.54 | 107.15 | 156.81 | 160.87 | 185.0 | 124.52 | |
| Book Value Per Share | 56.21 | 58.32 | 61.07 | 64.27 | 57.84 | 60.73 | |
| Invested Capital | 0.95 | 3.47 | 4.25 | 4.08 | 3.67 | 3.85 | |
| Operating Cash Flow Per Share | 46.75 | (10.55) | 14.13 | 26.5 | 23.85 | 25.05 | |
| Stock Based Compensation To Revenue | 1.6E-4 | 2.26E-4 | 3.21E-4 | 4.4E-4 | 5.06E-4 | 7.05E-4 | |
| Capex To Depreciation | (0.5) | (0.31) | (0.37) | (0.24) | (0.22) | (0.23) | |
| Pb Ratio | 0.98 | 1.41 | 1.08 | 0.87 | 0.79 | 1.17 | |
| Ev To Sales | (0.0634) | 8.37 | 10.4 | 9.14 | 8.23 | 8.64 | |
| Free Cash Flow Per Share | 46.12 | (10.93) | 13.65 | 26.13 | 23.52 | 24.7 | |
| Roic | 0.0511 | 0.0306 | 0.0519 | 0.019 | 0.0219 | 0.0208 | |
| Net Income Per Share | 5.59 | 7.93 | 8.27 | 6.19 | 5.57 | 3.35 | |
| Capex To Revenue | (0.0246) | (0.0149) | (0.0183) | (0.0139) | (0.0125) | (0.0131) | |
| Cash Per Share | 96.12 | 98.89 | 99.51 | 117.65 | 105.88 | 111.18 | |
| Pocfratio | 1.18 | (7.77) | 4.66 | 2.12 | 2.43 | 2.31 | |
| Interest Coverage | 0.67 | 1.56 | 1.64 | 0.25 | 0.23 | 0.21 | |
| Capex To Operating Cash Flow | (0.0136) | 0.0361 | (0.0337) | (0.0139) | (0.0125) | (0.0132) | |
| Pfcf Ratio | 1.2 | (7.5) | 4.82 | 2.15 | 1.93 | 3.64 | |
| Income Quality | 8.27 | (1.29) | 1.67 | 4.21 | 3.79 | 3.98 | |
| Ev To Operating Cash Flow | (0.035) | (20.21) | 19.12 | 9.16 | 8.24 | 8.66 | |
| Pe Ratio | 9.9 | 10.34 | 7.96 | 9.06 | 8.15 | 7.79 | |
| Return On Tangible Assets | 0.006055 | 0.008238 | 0.007441 | 0.005317 | 0.004785 | 0.00635 | |
| Ev To Free Cash Flow | (0.0355) | (19.51) | 19.79 | 9.29 | 10.68 | 10.81 | |
| Intangibles To Total Assets | 0.015 | 0.014 | 0.0125 | 0.0122 | 0.011 | 0.00667 | |
| Net Debt To E B I T D A | (7.0) | 11.38 | 9.11 | 19.51 | 17.56 | 18.44 | |
| Current Ratio | 1.91 | 1.39 | 0.93 | 1.13 | 1.3 | 1.24 | |
| Tangible Book Value Per Share | 44.13 | 46.37 | 48.3 | 51.36 | 46.22 | 48.53 | |
| Receivables Turnover | 3.59 | 3.41 | 2.33 | 2.27 | 2.04 | 2.82 | |
| Graham Number | 84.1 | 101.99 | 106.6 | 94.61 | 85.15 | 89.41 | |
| Shareholders Equity Per Share | 56.21 | 58.32 | 61.07 | 64.27 | 57.84 | 60.73 | |
| Debt To Equity | 0.95 | 3.47 | 4.25 | 4.08 | 3.67 | 3.85 |
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
| 0.85 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.
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Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.246 | Dividend Share 4.21 | Earnings Share 4.5 | Revenue Per Share 24.448 | Quarterly Revenue Growth 0.02 |
The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.