Projected Income Statement: National Bank of Canada

Forecast Balance Sheet: National Bank of Canada

Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 12/1/21 11/30/22 12/1/23 12/4/24 12/3/25 - - -
Estimates

Cash Flow Forecast: National Bank of Canada

Fiscal Period: October 2020 2021 2022 2023 2024 2025
CAPEX 1 182 217 296 352 443 233
Change - 19.23% 36.41% 18.92% 25.85% -47.4%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 12/2/20 12/1/21 11/30/22 12/1/23 12/4/24 12/3/25
1CAD in Million
Estimates

Forecast Financial Ratios: National Bank of Canada

Fiscal Period: October 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 44.69% 47.35% 47.08% 48.09% 48.85% 45.79% 46.75% -
EBT Margin (%) - 44.67% 43.05% 37.27% 41.08% 36.6% 42.68% 42.2% 44.08%
Net margin (%) - 34.85% 34.05% 31.29% 32.82% 28.64% 32.17% 32.18% 32.97%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 0.92% 0.89% 0.81% 0.84% 0.73% 0.85% 0.8% 0.9%
ROE - 20.7% 18.8% 16.5% 16.7% 15.3% 16.15% 16.88% 17.3%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 2.84 3.58 3.98 4.32 4.64 5.129 5.543 5.86
Change - - 26.06% 11.17% 8.54% 7.41% 10.53% 8.08% 5.72%
Book Value Per Share 1 - 47.95 55.24 60.68 65.74 78.39 82.34 88.55 -
Change - - 15.2% 9.85% 8.34% 19.24% 5.04% 7.54% -
EPS 1 - 8.96 9.61 9.38 10.68 10.07 12.7 13.84 15.26
Change - - 7.25% -2.39% 13.86% -5.71% 26.08% 8.98% 10.25%
Nbr of stocks (in thousands) - 337,773 336,580 338,258 340,537 390,948 384,508 384,508 384,508
Announcement Date - 12/1/21 11/30/22 12/1/23 12/4/24 12/3/25 - - -
1CAD
Estimates
2026 *2027 *
P/E 18.4x 16.9x
PBR 2.84x 2.64x
EV / Sales 5.77x 5.51x
Yield 2.19% 2.37%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
234.06CAD
Average target price
207.58CAD
Spread / Average Target
-11.31%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. NA Stock
  4. Financials National Bank of Canada