SNSE:SCOTIABKCL

Stock Analysis Report

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Executive Summary

Scotiabank Chile, S.A. provides banking products and services in Chile. More Details


Snowflake Analysis

Proven track record second-rate dividend payer.


Similar Companies

Share Price & News

How has Scotiabank Chile's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCOTIABKCL is less volatile than 75% of CL stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SCOTIABKCL's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-5.6%

SCOTIABKCL

-1.4%

CL Banks

0.7%

CL Market


1 Year Return

-3.3%

SCOTIABKCL

-22.4%

CL Banks

-16.1%

CL Market

Return vs Industry: SCOTIABKCL exceeded the CL Banks industry which returned -22.4% over the past year.

Return vs Market: SCOTIABKCL exceeded the CL Market which returned -16.1% over the past year.


Shareholder returns

SCOTIABKCLIndustryMarket
7 Day-5.6%-1.4%0.7%
30 Day-5.6%4.0%3.7%
90 Day-5.6%2.0%-1.0%
1 Year-0.8%-3.3%-19.2%-22.4%-12.4%-16.1%
3 Year197.8%162.1%-5.6%-15.4%-16.1%-24.5%
5 Year224.4%162.1%44.4%18.6%10.6%-14.1%

Long-Term Price Volatility Vs. Market

How volatile is Scotiabank Chile's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Scotiabank Chile undervalued compared to its fair value and its price relative to the market?

14.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SCOTIABKCL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SCOTIABKCL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SCOTIABKCL is poor value based on its PE Ratio (14.4x) compared to the CL Banks industry average (13.8x).

PE vs Market: SCOTIABKCL's PE Ratio (14.4x) is in line with the CL market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SCOTIABKCL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SCOTIABKCL is overvalued based on its PB Ratio (1.7x) compared to the CL Banks industry average (1.4x).


Next Steps

Future Growth

How is Scotiabank Chile forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Scotiabank Chile has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Scotiabank Chile performed over the past 5 years?

23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCOTIABKCL has a high level of non-cash earnings.

Growing Profit Margin: SCOTIABKCL's current net profit margins (26.8%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: SCOTIABKCL's earnings have grown significantly by 23.4% per year over the past 5 years.

Accelerating Growth: SCOTIABKCL's earnings growth over the past year (85%) exceeds its 5-year average (23.4% per year).

Earnings vs Industry: SCOTIABKCL earnings growth over the past year (85%) exceeded the Banks industry -21.1%.


Return on Equity

High ROE: SCOTIABKCL's Return on Equity (11.8%) is considered low.


Next Steps

Financial Health

How is Scotiabank Chile's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SCOTIABKCL's Assets to Equity ratio (16.8x) is moderate.

Allowance for Bad Loans: SCOTIABKCL has a low allowance for bad loans (52%).

Low Risk Liabilities: 56% of SCOTIABKCL's liabilities are made up of primarily higher risk sources of funding.

Loan Level: SCOTIABKCL has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: SCOTIABKCL's Loans to Deposits ratio (155%) is high.

Level of Bad Loans: SCOTIABKCL has a high level of bad loans (4%).


Next Steps

Dividend

What is Scotiabank Chile current dividend yield, its reliability and sustainability?

2.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCOTIABKCL's dividend (2.59%) is higher than the bottom 25% of dividend payers in the CL market (2.49%).

High Dividend: SCOTIABKCL's dividend (2.59%) is low compared to the top 25% of dividend payers in the CL market (6.13%).


Stability and Growth of Payments

Stable Dividend: SCOTIABKCL's dividend payments have been volatile in the past 10 years.

Growing Dividend: SCOTIABKCL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.3%), SCOTIABKCL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Francisco Javier Sardón De Taboada

no data

Tenure

Mr. Francisco Javier Sardón de Taboada is Executive Vice President and Country Head of Chile at Bank of Nova Scotia in November 2017. He has been the Chief Executive Officer of Scotiabank Chile. He is also...


Leadership Team

NamePositionTenureCompensationOwnership
Francisco Javier Sardón De Taboada
CEO & Country Headno datano datano data
María Victoria Doberti
Senior Vice President of Finance4.83yrsno datano data
Eduardo Meynet Biancardi
Vice President of Operations & Shared Services2.33yrsno datano data
Juan Antonio M. Vargas
Accounting Managerno datano datano data
Danilo Gonzalez
Vice President of System & Technology2.33yrsno datano data
Adam Borgatti
Investor Relationsno datano datano data
Artus Jacqueline Balbontin
Vice President of HR & Corporate Affairs2.83yrsno datano data
Stephen Guthrie
Senior Vice President of Corporate Banking & Commercial Banking Division2.83yrsno datano data
Edgar Aragón
Senior Vice-President of Riskno datano datano data
Ana Paula Aleixo
Head of Sustainability and Corporate Social Responsibilityno datano datano data
Juan Ernesto Matamoros
Senior Vice President of Retail Banking2.83yrsno datano data

2.8yrs

Average Tenure

Experienced Management: SCOTIABKCL's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Mayberry
Chairman of Scotiabankno datano datano data
Gonzalo Said Handal
Director2.83yrsno datano data
Manuel José Vial Vial
Independent Vice president of the Board of Directors2.83yrsno datano data
Ignacio Deschamps González
Director2.83yrsno datano data
Sergio Concha Munilla
Independent Director11.25yrsno datano data
Ernesto Mario Viola
Director2.83yrsno datano data
Fernanda Vicente Mendoza
Director3.58yrsno datano data
Jaime Said Handal
Director2.83yrsno datano data
Salvador Said Somavia
Chairman of Board0.17yrno datano data
Emilio Deik Morrison
Director1.58yrsno datano data
Karen Segal
Director1.58yrsno datano data
Arturo Quiroz
Director0.17yrno datano data

2.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: SCOTIABKCL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.4%.


Top Shareholders

Company Information

Scotiabank Chile, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Scotiabank Chile, S.A.
  • Ticker: SCOTIABKCL
  • Exchange: SNSE
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: CL$4.028t
  • Shares outstanding: 12.24b
  • Website: https://www.scotiabankchile.cl

Number of Employees


Location

  • Scotiabank Chile, S.A.
  • Avenida Costanera Sur n ° 2710
  • Torre A
  • Santiago
  • Region Metropolitana (Santiago)
  • Chile

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCOTIABKCLSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPJan 1995

Biography

Scotiabank Chile, S.A. provides banking products and services in Chile. Its deposit products include current, checking, and daily rent accounts; term deposits; and voluntary pension saving products. The co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 18:13
End of Day Share Price2020/11/20 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.