Financials National Bank of Canada Toronto S.E.

Equities

NA.PRE

CA6330671943

Banks

Market Closed - Toronto S.E. 01:08:48 03/07/2024 am IST 5-day change 1st Jan Change
24.23 CAD +0.12% Intraday chart for National Bank of Canada +3.95% +11.20%

Valuation

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,733 21,482 34,608 31,221 29,165 37,166 - -
Enterprise Value (EV) 1 22,733 21,482 34,608 31,221 29,165 37,166 37,166 37,166
P/E ratio 10.7 x 11.2 x 11.4 x 9.65 x 9.19 x 11 x 10.7 x 10.2 x
Yield 3.91% 4.44% 2.77% 3.86% 4.62% 3.96% 4.2% 4.54%
Capitalization / Revenue 2.97 x 2.61 x 3.8 x 3.14 x 2.74 x 3.27 x 3.11 x 2.84 x
EV / Revenue 2.97 x 2.61 x 3.8 x 3.14 x 2.74 x 3.27 x 3.11 x 2.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.84 x 1.6 x 2.14 x 1.68 x 1.42 x 1.69 x 1.56 x 1.46 x
Nbr of stocks (in thousands) 3,34,217 3,35,968 3,37,773 3,36,580 3,38,258 3,40,285 - -
Reference price 2 68.02 63.94 102.5 92.76 86.22 109.2 109.2 109.2
Announcement Date 04/12/19 02/12/20 01/12/21 30/11/22 01/12/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,666 8,216 9,116 9,934 10,658 11,370 11,958 13,071
EBITDA - - - - - - - -
EBIT 1 3,131 3,382 4,074 4,704 5,018 5,326 5,598 6,040
Operating Margin 40.84% 41.16% 44.69% 47.35% 47.08% 46.84% 46.82% 46.21%
Earnings before Tax (EBT) 1 2,784 2,536 4,072 4,277 3,972 3,944 4,550 4,382
Net income 1 2,140 2,041 3,177 3,383 3,335 3,240 3,422 3,309
Net margin 27.92% 24.84% 34.85% 34.05% 31.29% 28.49% 28.62% 25.32%
EPS 2 6.340 5.700 8.960 9.610 9.380 9.921 10.23 10.71
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.660 2.840 2.840 3.580 3.980 4.324 4.592 4.963
Announcement Date 04/12/19 02/12/20 01/12/21 30/11/22 01/12/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: oktober 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 2,530 2,491 2,484 2,429 2,712 2,611 2,576 2,759 2,820 2,837 2,838 2,965 2,981 2,963 3,018
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,253 1,198 1,178 1,083 1,309 1,237 1,184 1,288 1,371 1,365 1,281 - - - -
Operating Margin 49.53% 48.09% 47.42% 44.59% 48.27% 47.38% 45.96% 46.68% 48.62% 48.11% 45.14% - - - -
Earnings before Tax (EBT) 1,255 1,195 1,121 901 1,093 1,152 1,098 872 1,251 - - - - - -
Net income 1 932 894 826 738 881 847 839 768 885 - 871 886 835 829 819
Net margin 36.84% 35.89% 33.25% 30.38% 32.49% 32.44% 32.57% 27.84% 31.38% - 30.69% 29.88% 28.01% 27.98% 27.14%
EPS 2 2.650 2.550 2.350 2.080 2.490 2.380 2.360 2.140 2.590 2.540 2.497 2.534 2.555 2.558 2.531
Dividend per Share 2 0.8700 0.8700 0.9200 0.9200 0.9700 1.020 1.020 1.020 1.060 1.060 1.100 1.110 1.134 1.144 1.170
Announcement Date 25/02/22 27/05/22 24/08/22 30/11/22 01/03/23 31/05/23 30/08/23 01/12/23 28/02/24 29/05/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 18% 14.9% 20.7% 18.8% 16.5% 16.3% 15.6% 15.8%
ROA (Net income/ Total Assets) 0.79% 0.71% 0.92% 0.89% 0.81% 0.76% 0.77% 0.7%
Assets 1 2,71,195 2,89,118 3,43,708 3,79,686 4,13,413 4,29,073 4,42,977 4,72,714
Book Value Per Share 2 36.90 40.00 48.00 55.20 60.70 64.60 69.90 74.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 04/12/19 02/12/20 01/12/21 30/11/22 01/12/23 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
109.2 CAD
Average target price
118.7 CAD
Spread / Average Target
+8.65%
Consensus
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