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The Bank of Nova Scotia is a banks-diversified business based in the US. The Bank of Nova Scotia shares (BNS) are listed on the NYSE and all prices are listed in US Dollars. The Bank of Nova Scotia employs 89,808 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$32.80 - $65.51|
|50-day moving average||$62.78|
|200-day moving average||$55.44|
|Wall St. target price||$71.51|
|Dividend yield||$3.6 (5.52%)|
|Earnings per share (TTM)||$4.38|
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Valuing The Bank of Nova Scotia stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Bank of Nova Scotia's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
The Bank of Nova Scotia's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, The Bank of Nova Scotia shares trade at around 15x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
The Bank of Nova Scotia's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.48. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into The Bank of Nova Scotia's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$25.3 billion|
|Operating margin TTM||34.32%|
|Gross profit TTM||$25.3 billion|
|Return on assets TTM||0.6%|
|Return on equity TTM||9.82%|
|Market capitalisation||$79.2 billion|
TTM: trailing 12 months
There are currently 4.5 million The Bank of Nova Scotia shares held short by investors – that's known as The Bank of Nova Scotia's "short interest". This figure is 31.5% down from 6.6 million last month.
There are a few different ways that this level of interest in shorting The Bank of Nova Scotia shares can be evaluated.
The Bank of Nova Scotia's "short interest ratio" (SIR) is the quantity of The Bank of Nova Scotia shares currently shorted divided by the average quantity of The Bank of Nova Scotia shares traded daily (recently around 1.4 million). The Bank of Nova Scotia's SIR currently stands at 3.13. In other words for every 100,000 The Bank of Nova Scotia shares traded daily on the market, roughly 3130 shares are currently held short.
However The Bank of Nova Scotia's short interest can also be evaluated against the total number of The Bank of Nova Scotia shares, or, against the total number of tradable The Bank of Nova Scotia shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Bank of Nova Scotia's short interest could be expressed as 0% of the outstanding shares (for every 100,000 The Bank of Nova Scotia shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable The Bank of Nova Scotia shares, roughly 0 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against The Bank of Nova Scotia.
Find out more about how you can short The Bank of Nova Scotia stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like The Bank of Nova Scotia.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 27.77
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Bank of Nova Scotia's overall score of 27.77 (as at 12/31/2018) is nothing to write home about – landing it in it in the 42nd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like The Bank of Nova Scotia is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 4.99/100
The Bank of Nova Scotia's environmental score of 4.99 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that The Bank of Nova Scotia is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 14.48/100
The Bank of Nova Scotia's social score of 14.48 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that The Bank of Nova Scotia is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 15.8/100
The Bank of Nova Scotia's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that The Bank of Nova Scotia is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. The Bank of Nova Scotia scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that The Bank of Nova Scotia hasn't always managed to keep its nose clean.
|Total ESG score||27.77|
|Total ESG percentile||41.58|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||3|
Dividend payout ratio: 66.55% of net profits
Recently The Bank of Nova Scotia has paid out, on average, around 66.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.43% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Bank of Nova Scotia shareholders could enjoy a 4.43% return on their shares, in the form of dividend payments. In The Bank of Nova Scotia's case, that would currently equate to about $3.6 per share.
The Bank of Nova Scotia's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The Bank of Nova Scotia's most recent dividend payout was on 27 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 April 2021 (the "ex-dividend date").
The Bank of Nova Scotia's shares were split on a 2:1 basis on 28 April 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your The Bank of Nova Scotia shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for The Bank of Nova Scotia shares which in turn could have impacted The Bank of Nova Scotia's share price.
Over the last 12 months, The Bank of Nova Scotia's shares have ranged in value from as little as $32.8036 up to $65.51. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Bank of Nova Scotia's is 0.8459. This would suggest that The Bank of Nova Scotia's shares are less volatile than average (for this exchange).
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. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 952 branches and approximately 3,540 automated banking machines in Canada; and approximately 1,400 branches, 5,200 ATMs, and 22 contact centers internationally.
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