1. Bank on the cheap or near cheap side.
Bank of Nova Scotia
Bank on the cheap or near cheap side.

2. What is the growth and yield in dividends. Growth is low to moderate
What is the growth and yield in dividends? Growth is low to moderate. Yield is moderate. Yield has been rising and growth falling. Generally, bank growth is falling lately. It has been a tough year for Canadian stocks.
From
Years
Div. Gth
2013 5
6.54%
2008 10
5.50%
2003 15
9.51%
1998 20
11.09%
1993 25
10.34%
1988 30
9.96%
1985 33
9.38%
Period
Yield
Current Yield
4.77%
5 year Median Yield
4.26%
10 year Median Yield
4.15%
Historical Median Yield
4.12%

3. Can they afford their dividends? Yes, they can.
Year
2016
2017
2018
2019
2020
Sp Div
$0.00
Dividend
$2.88
$3.05
$3.28
$3.40
Changed
5.88%
5.90%
7.54%
3.66%
0.00%
EPS
$5.77
$6.49
$6.82
$7.27
$7.73
1.76%
12.48%
5.08%
6.60%
6.33%
Payout R
49.91%
47.00%
48.09%
46.77%
43.98%
5 Yr. Cover
46.38%
47.32%
47.65%
47.88%
46.98%

4. What are the Debt Ratios
What are the Debt Ratios? (Loans, especially business loans have increased). Debt Ratios are fine for a bank. The first ratio needs to be below 1.00 and a Debt Ratio should of 1.04 or higher is good for a bank.
Ratio
Current
5 Yr Med
Long Term Debt/Covering Assets
0.41
0.93
Liquidity Ratio
n/a
Liquidity Ratio (and CF after Div.)
Debt Ratio
1.07
Leverage (Assets/Book Value) Ratio
Debt/Equity Ratio

5. The Total Return per year is show below for years of 5 to 33 to the end of 2018.
From
Years
Div. Gth
Tot Ret
Cap Gain
Div.
2013 5
6.54%
4.78%
0.48%
4.30%
2008 10
5.50%
12.79%
7.40%
5.39%
2003 15
9.51%
9.43%
4.96%
4.47%
1998 20
11.09%
11.84%
7.22%
4.62%
1993 25
10.34%
14.17%
9.13%
5.04%
1988 30
9.96%
16.00%
10.24%
5.76%
1985 33
9.38%
14.30%
9.35%
4.95%

6. What is the result of the Price/EPS Ratio test
What is the result of the Price/EPS Ratio test? The current P/E Ratio is based on a current stock price of $71.28 and 2019 EPS estimate of $ Stock price is relatively cheap.
Period
Low Median
Median
High Median
5 Year P/E Ratios
10.14
11.29
12.52
10 Year P/E Ratios
10.22
11.30
12.65
Historical P/E Ratios
10.29
13.20
Current P/E Ratio
9.80

7. What is the result of the Price/Graham Price Ratio test
What is the result of the Price/Graham Price Ratio test? The current P/GP Ratio is based on a stock price of $ This stock price testing suggests that the stock price is relatively cheap.
Period
Low Median
Median
High Median
10 Year P/GP Ratios
0.83
0.93
1.02
Current P/GP Ratio
0.79

8. What is result of the Price/Book Ratio test? The current P/B Ratio is 1.43 based on Book Value of $64,044, Book Value per Share of $49.75 and a stock price of $ Stock price is relatively cheap.
Period
P/B Ratios
10 Year P/B Ratio
1.85
Current P/B Ratio
1.43
Difference
-22.34

9. What is result of the Dividend Yield test
What is result of the Dividend Yield test? The current dividend yield is based on dividends of $3.40 and a stock price of Stock Price is relatively reasonable and below the median.
Period
Yield
Historical Yield
4.12%
Current Yield
4.77%
Difference
15.77%

10. What is result of the Price/Sales test
What is result of the Price/Sales test? The current P/S Ratio is based on 2019 Revenue estimate of $31,151M, Revenue per Share of $22.66 and a stock price of $ Stock Price is relatively reasonable and below the median.
Period
P/S Ratio
10 Year P/S Ratio
3.29
Current P/S Ratio
2.81
Difference
-14.70%

11. Analysts’ recommendations are below. The 12 month stock price is $84
Analysts’ recommendations are below. The 12 month stock price is $ This implies a total return of 22.73% with 17.96% from Capital Gain and 4.77% from dividends based on a price of $71.28.
Analysts’ Consensus
Recommendations
Strong Buy 1
Buy 7
Hold 4
Underperform
Sell
Consensus

12. Stock Chase Analysts seem to like Canadian Banks
Stock Chase Analysts seem to like Canadian Banks. Some think this one is a good buy at present.
Site is here:

13. The Bank of Nova Scotia is known as Canada's international bank and is a global financial services provider. The bank has three business segments: Canadian banking, international banking, and global banking and markets.
It is the third- largest bank in Canada. The bank's international operations span numerous countries, and are more concentrated in Central and South America.
Its web site is