NA Stock Overview
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally.
National Bank of Canada Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$91.60|
|52 Week High||CA$106.10|
|52 Week Low||CA$82.38|
|1 Month Change||5.34%|
|3 Month Change||3.14%|
|1 Year Change||-6.56%|
|3 Year Change||50.16%|
|5 Year Change||64.54%|
|Change since IPO||1,365.60%|
Recent News & Updates
Do National Bank of Canada's (TSE:NA) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
National Bank of Canada's (TSE:NA) Upcoming Dividend Will Be Larger Than Last Year's
National Bank of Canada ( TSE:NA ) will increase its dividend on the 1st of August to CA$0.92. This takes the annual...
|NA||CA Banks||CA Market|
Return vs Industry: NA underperformed the Canadian Banks industry which returned -4.7% over the past year.
Return vs Market: NA underperformed the Canadian Market which returned -2% over the past year.
|NA Average Weekly Movement||3.4%|
|Banks Industry Average Movement||3.1%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.4%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: NA is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NA's weekly volatility (3%) has been stable over the past year.
About the Company
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.
National Bank of Canada Fundamentals Summary
|NA fundamental statistics|
Is NA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NA income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Apr 30, 2022
Next Earnings Date
Aug 24, 2022
|Earnings per share (EPS)||9.91|
|Net Profit Margin||35.26%|
How did NA perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is NA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NA?
Other financial metrics that can be useful for relative valuation.
|What is NA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NA's PE Ratio compare to its peers?
|NA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CM Canadian Imperial Bank of Commerce
BMO Bank of Montreal
BNS Bank of Nova Scotia
TD Toronto-Dominion Bank
NA National Bank of Canada
Price-To-Earnings vs Peers: NA is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (9.1x).
Price to Earnings Ratio vs Industry
How does NA's PE Ratio compare vs other companies in the North American Banks Industry?
Price-To-Earnings vs Industry: NA is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the Canadian Banks industry average (9.2x)
Price to Earnings Ratio vs Fair Ratio
What is NA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.2x|
|Fair PE Ratio||11.9x|
Price-To-Earnings vs Fair Ratio: NA is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).
Share Price vs Fair Value
What is the Fair Price of NA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NA (CA$91.6) is trading below our estimate of fair value (CA$200.55)
Significantly Below Fair Value: NA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is National Bank of Canada forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NA's earnings are forecast to decline over the next 3 years (-1% per year).
Earnings vs Market: NA's earnings are forecast to decline over the next 3 years (-1% per year).
High Growth Earnings: NA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NA's revenue (4.2% per year) is forecast to grow slower than the Canadian market (6.3% per year).
High Growth Revenue: NA's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NA's Return on Equity is forecast to be low in 3 years time (17.2%).
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How has National Bank of Canada performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NA has high quality earnings.
Growing Profit Margin: NA's current net profit margins (35.3%) are higher than last year (31.1%).
Past Earnings Growth Analysis
Earnings Trend: NA's earnings have grown by 11.8% per year over the past 5 years.
Accelerating Growth: NA's earnings growth over the past year (32.5%) exceeds its 5-year average (11.8% per year).
Earnings vs Industry: NA earnings growth over the past year (32.5%) exceeded the Banks industry 20.1%.
Return on Equity
High ROE: NA's Return on Equity (16.8%) is considered low.
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How is National Bank of Canada's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NA's Assets to Equity ratio (18.1x) is moderate.
Allowance for Bad Loans: NA has a sufficient allowance for bad loans (150%).
Low Risk Liabilities: 71% of NA's liabilities are made up of primarily low risk sources of funding.
Loan Level: NA has an appropriate level of Loans to Assets ratio (51%).
Low Risk Deposits: NA's Loans to Deposits ratio (76%) is appropriate.
Level of Bad Loans: NA has an appropriate level of bad loans (0.3%).
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What is National Bank of Canada current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NA's dividend (4.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.93%).
High Dividend: NA's dividend (4.02%) is low compared to the top 25% of dividend payers in the Canadian market (5.39%).
Stability and Growth of Payments
Stable Dividend: NA's dividends per share have been stable in the past 10 years.
Growing Dividend: NA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32%), NA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NA's dividends in 3 years are forecast to be well covered by earnings (40.1% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Laurent Ferreira (51 yo)
Mr. Laurent Ferreira serves as President and Chief Executive Officer at National Bank of Canada since November 1, 2021. He served as Chief Operating Officer at National Bank of Canada since February 1, 202...
CEO Compensation Analysis
Compensation vs Market: Laurent's total compensation ($USD7.03M) is about average for companies of similar size in the Canadian market ($USD8.23M).
Compensation vs Earnings: Laurent's compensation has increased by more than 20% in the past year.
Experienced Management: NA's management team is considered experienced (2.5 years average tenure).
Experienced Board: NA's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
National Bank of Canada's employee growth, exchange listings and data sources
- Name: National Bank of Canada
- Ticker: NA
- Exchange: TSX
- Founded: 1859
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: CA$30.819b
- Shares outstanding: 336.46m
- Website: https://www.nbc.ca
Number of Employees
- National Bank of Canada
- 600 De La Gauchetière Street West
- 4th Floor
- H3B 4L2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/10 00:00|
|End of Day Share Price||2022/08/10 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.