Now trading at a price of $79.06, Bank Nova Scotia Halifax Pfd 3 has moved -2.0% so far today.
Bank Nova Scotia Halifax Pfd 3 returned gains of 51.5% last year, with its stock price reaching a high of $82.22 and a low of $52.44. Over the same period, the stock outperformed the S&P 500 index by 24.3%. More recently, the company's 50-day average price was $74.4. 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. Based in Toronto, Canada, the Large-Cap Finance company has 86,431 full time employees. Bank Nova Scotia Halifax Pfd 3 has offered a 2.7% dividend yield over the last 12 months.
Generally Positive Cash Flows but a Declining EPS Growth Trend:
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $7,687 | $7,626 | $8,272 | $8,526 | $9,803 | $9,646 |
| Interest Income (M) | $1,969 | $6,496 | $10,443 | $10,402 | $8,629 | $7,749 |
| Net Margins | 33% | 27% | 16% | 20% | 23% | 24% |
| Net Income (M) | $2,559 | $2,093 | $1,354 | $1,689 | $2,206 | $2,299 |
| Depreciation & Amort. (M) | $383 | $394 | $590 | $501 | $403 | $385 |
| Earnings Per Share | $1.97 | $1.63 | $0.99 | $1.22 | $1.65 | $1.73 |
| EPS Growth | n/a | -17.26% | -39.26% | 23.23% | 35.25% | 4.85% |
| Free Cash Flow (M) | -$12,807 | $16,943 | $31,724 | $15,652 | $5,407 | $12,875 |
Bank Nova Scotia Halifax Pfd 3 Is Reasonably Priced:
Bank Nova Scotia Halifax Pfd 3 has a trailing twelve month P/E ratio of 14.2, compared to an average of 15.92 for the Finance sector. Based on its EPS guidance of $6.68, the company has a forward P/E ratio of 11.1. According to the 19.1% compound average growth rate of Bank Nova Scotia Halifax Pfd 3's historical and projected earnings per share, the company's PEG ratio is 0.74. Taking the weighted average of the company's EPS CAGR and the broader market's 5-year projected EPS growth rate, we obtain a normalized growth rate of 13.3%. On this basis, the company's PEG ratio is 1.06. This implies that the shares are fairly valued. Additionally, the market is possibly undervaluing Bank Nova Scotia Halifax Pfd 3 in terms of its equity because its P/B ratio is 1.54 whereas the sector average is 1.78.
Bank Nova Scotia Halifax Pfd 3 Has an Average Rating of Hold:
The 3 analysts following Bank Nova Scotia Halifax Pfd 3 have set target prices ranging from $66.56415 to $82.56962 per share, for an average of $75.99 with a hold rating.
The largest shareholder is Royal Bank of Canada, whose 6% stake in the company is worth $5,680,276,456.
