Financials National Bank of Canada

Equities

NA

CA6330671034

Banks

Market Closed - Toronto S.E. 16:00:00 2024-06-14 EDT 5-day change 1st Jan Change
106.4 CAD -1.24% Intraday chart for National Bank of Canada -9.61% +5.38%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,733 21,482 34,608 31,221 29,165 36,212 - -
Enterprise Value (EV) 1 22,733 21,482 34,608 31,221 29,165 36,212 36,212 36,212
P/E ratio 10.7 x 11.2 x 11.4 x 9.65 x 9.19 x 10.9 x 10.6 x 9.93 x
Yield 3.91% 4.44% 2.77% 3.86% 4.62% 4.06% 4.3% 4.62%
Capitalization / Revenue 2.97 x 2.61 x 3.8 x 3.14 x 2.74 x 3.18 x 3.02 x 2.85 x
EV / Revenue 2.97 x 2.61 x 3.8 x 3.14 x 2.74 x 3.18 x 3.02 x 2.85 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 1.65 x 1.53 x 1.42 x
Nbr of stocks (in thousands) 334,217 335,968 337,773 336,580 338,258 340,246 - -
Reference price 2 68.02 63.94 102.5 92.76 86.22 106.4 106.4 106.4
Announcement Date 19-12-04 20-12-02 21-12-01 22-11-30 23-12-01 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,666 8,216 9,116 9,934 10,658 11,377 11,995 12,723
EBITDA - - - - - - - -
EBIT 1 3,131 3,382 4,074 4,704 5,018 5,327 5,667 5,932
Operating Margin 40.84% 41.16% 44.69% 47.35% 47.08% 46.82% 47.24% 46.62%
Earnings before Tax (EBT) 1 2,784 2,536 4,072 4,277 3,972 4,272 4,550 4,814
Net income 1 2,140 2,041 3,177 3,383 3,335 3,337 3,422 3,662
Net margin 27.92% 24.84% 34.85% 34.05% 31.29% 29.33% 28.53% 28.78%
EPS 2 6.340 5.700 8.960 9.610 9.380 9.763 10.02 10.72
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 4.326 4.580 4.917
Announcement Date 19-12-04 20-12-02 21-12-01 22-11-30 23-12-01 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 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 2,875 2,960 2,976 2,950 3,042
EBITDA - - - - - - - - - - - - - - -
EBIT 1,253 1,198 1,178 1,083 1,309 1,237 1,184 1,288 1,371 1,365 - - - - -
Operating Margin 49.53% 48.09% 47.42% 44.59% 48.27% 47.38% 45.96% 46.68% 48.62% 48.11% - - - - -
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% - 30.29% 29.93% 28.05% 28.1% 26.92%
EPS 2 2.650 2.550 2.350 2.080 2.490 2.380 2.360 2.140 2.590 2.540 2.560 2.595 2.535 2.535 2.555
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 1.130 1.130 1.160 1.160
Announcement Date 22-02-25 22-05-27 22-08-24 22-11-30 23-03-01 23-05-31 23-08-30 23-12-01 24-02-28 24-05-29 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: October 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% 16.8% 16.3% 16.6%
ROA (Net income/ Total Assets) 0.79% 0.71% 0.92% 0.89% 0.81% 0.75% 0.77% 0.74%
Assets 1 271,195 289,118 343,708 379,686 413,413 446,873 442,502 498,231
Book Value Per Share 2 36.90 40.00 48.00 55.20 60.70 64.40 69.50 74.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 19-12-04 20-12-02 21-12-01 22-11-30 23-12-01 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
106.4 CAD
Average target price
117.2 CAD
Spread / Average Target
+10.14%
Consensus
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  4. Financials National Bank of Canada