National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. More Details
No risks detected for NA from our risk checks.
Excellent balance sheet established dividend payer.
Share Price & News
How has National Bank of Canada's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
1 Year Return
Return vs Industry: NA exceeded the Canadian Banks industry which returned -2.8% over the past year.
Return vs Market: NA underperformed the Canadian Market which returned 1.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is National Bank of Canada's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StOur Take On National Bank of Canada's (TSE:NA) CEO Salary
2 months ago | Simply Wall StHere's What We Like About National Bank of Canada's (TSE:NA) Upcoming Dividend
3 months ago | Simply Wall StYou Have To Love National Bank of Canada's (TSE:NA) Dividend
Is National Bank of Canada undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NA (CA$71.84) is trading below our estimate of fair value (CA$82.28)
Significantly Below Fair Value: NA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NA is good value based on its PE Ratio (12.5x) compared to the CA Banks industry average (12.8x).
PE vs Market: NA is good value based on its PE Ratio (12.5x) compared to the Canadian market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: NA is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: NA is overvalued based on its PB Ratio (1.7x) compared to the CA Banks industry average (1.2x).
How is National Bank of Canada forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NA's forecast earnings growth (5.5% per year) is above the savings rate (1.7%).
Earnings vs Market: NA's earnings (5.5% per year) are forecast to grow slower than the Canadian market (25.9% per year).
High Growth Earnings: NA's earnings are forecast to grow, but not significantly.
Revenue vs Market: NA's revenue (9.8% per year) is forecast to grow faster than the Canadian market (6.9% per year).
High Growth Revenue: NA's revenue (9.8% 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 (14.5%).
How has National Bank of Canada performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NA has high quality earnings.
Growing Profit Margin: NA's current net profit margins (27.2%) are lower than last year (30.2%).
Past Earnings Growth Analysis
Earnings Trend: NA's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: NA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NA had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the Banks industry average (-12.6%).
Return on Equity
High ROE: NA's Return on Equity (12.7%) is considered low.
How is National Bank of Canada's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NA's Assets to Equity ratio (20.2x) is very high.
Allowance for Bad Loans: NA has a sufficient allowance for bad loans (142%).
Low Risk Liabilities: 68% 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 (48%).
Low Risk Deposits: NA's Loans to Deposits ratio (73%) is appropriate.
Level of Bad Loans: NA has an appropriate level of bad loans (0.5%).
What is National Bank of Canada current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NA's dividend (3.95%) is higher than the bottom 25% of dividend payers in the Canadian market (1.6%).
High Dividend: NA's dividend (3.95%) is low compared to the top 25% of dividend payers in the Canadian market (5.29%).
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
Dividend Coverage: With its reasonably low payout ratio (49.5%), 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 (43.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Louis Vachon (57 yo)
Mr. Louis Vachon, CFA, has been Chief Executive Officer and President at National Bank of Canada since June 01, 2007 and served as its Chief Operating Officer from August 01, 2006 to June 01, 2007. Mr. Vac...
CEO Compensation Analysis
Compensation vs Market: Louis's total compensation ($USD6.56M) is about average for companies of similar size in the Canadian market ($USD7.10M).
Compensation vs Earnings: Louis's compensation has been consistent with company performance over the past year.
|CFO & Executive VP of Finance||9.33yrs||CA$2.26m||0.0018% |
|Executive VP of Wealth Management & Co-President and Co-CEO of National Bank Financial||9.92yrs||CA$2.95m||0.0041% |
|Executive VP & Co-Head of Financial Markets||4.5yrs||CA$5.91m||0.0089% |
|Chief Transformation Officer||no data||CA$5.83m||0.014% |
|Executive Vice-President of Operations||1.08yrs||no data||0.00015% |
|Chief Scientist of Artificial Intelligence||2.58yrs||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|Vice President of Compliance||no data||no data||no data|
|Senior VP of Legal Affairs & Corporate Secretary||no data||no data||no data|
|Vice-President of Communications & Corporate Social Responsibility||no data||no data||no data|
|Executive Vice-President of Employee Experience||2.5yrs||no data||0.0014% |
Experienced Management: NA's management team is considered experienced (4.5 years average tenure).
|Independent Director||7.67yrs||CA$172.21k||0.0051% |
|Independent Director||4.25yrs||CA$155.00k||no data|
|Independent Director||8.67yrs||CA$167.99k||0.011% |
|Independent Director||8.17yrs||CA$198.99k||0.0034% |
|Independent Director||6yrs||CA$180.00k||0.0027% |
|Independent Director||1.67yrs||CA$72.75k||0.0064% |
|Independent Chairman of the Board||6.67yrs||CA$365.00k||0.0045% |
|Independent Director||6.17yrs||CA$155.00k||0.00078% |
|Independent Director||9.75yrs||CA$173.37k||0.10% |
|Independent Director||5.67yrs||CA$155.00k||0.0010% |
|Independent Director||3.17yrs||CA$140.00k||no data|
Experienced Board: NA's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 company bio, employee growth, exchange listings and data sources
- Name: National Bank of Canada
- Ticker: NA
- Exchange: TSX
- Founded: 1859
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: CA$24.220b
- Shares outstanding: 336.02m
- Website: https://www.nbc.ca
Number of Employees
- National Bank of Canada
- National Bank Tower
- 4th Floor
- H3B 4L2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NA||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Feb 1980|
|NBC||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 1980|
|NTIO.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Feb 1980|
|NA.PRS||TSX (The Toronto Stock Exchange)||1ST PFD SER 30||CA||CAD||Feb 2014|
|NA.PRA||TSX (The Toronto Stock Exchange)||1ST CONV PFD 36||CA||CAD||Jun 2016|
|NA.PRC||TSX (The Toronto Stock Exchange)||1ST PFD SHS 38||CA||CAD||Jun 2017|
|NA.PRE||TSX (The Toronto Stock Exchange)||5Y PFD 40 NVCC||CA||CAD||Jan 2018|
|NA.PRG||TSX (The Toronto Stock Exchange)||NCUM PFD SH 42||CA||CAD||Jun 2018|
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: Person...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/04 23:32|
|End of Day Share Price||2020/12/04 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.