Discounted Cash Flow
Bank of Nova Scotia Foreign
—
Audit / VIE / HFCA: Financial-sector DCF: free cash flow for lenders/insurers includes loan principal and deposits, so FCF ≈ 5-10× net income and is not a valuation proxy; the model shows moderate/unstable predictability and the DCF can be 5-40× market cap (lender pattern).
Sourced live via DEF 14A beneficial_ownership (edgartools proxy) for US filers and 20-F risk_factors (“controls X% of voting power” + VIE/HFCA) for foreign ADRs — cached 12h. A concentrated holder can overrule the DCF’s minority-basis assumptions on dividends, issuance, and delisting.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $19.1b | $5.2b | $3.3b | 27.0% | $5.80 |
| 2017 | $19.7b (3.1%) | $5.8b (12.5%) | $12.0b (265.6%) | 29.5% (9.1%) | $6.55 (12.9%) |
| 2018 | $20.8b (6.0%) | $6.2b (6.8%) | $12.9b (7.4%) | 29.7% (0.8%) | $6.90 (5.3%) |
| 2019 | $22.5b (7.9%) | $6.1b (-1.8%) | $-8.7b (-167.5%) | 27.0% (-9.0%) | $6.72 (-2.6%) |
| 2020 | $22.7b (1.0%) | $4.9b (-19.2%) | $41.0b (571.2%) | 21.6% (-20.0%) | $5.43 (-19.2%) |
| 2021 | $22.6b (-0.3%) | $7.0b (42.0%) | $-9.3b (-122.6%) | 30.8% (42.4%) | $7.74 (42.5%) |
| 2022 | $22.7b (0.5%) | $7.2b (3.0%) | $11.8b (227.8%) | 31.6% (2.5%) | $8.05 (4.0%) |
| 2023 | $23.4b (2.8%) | $5.4b (-25.3%) | $22.6b (91.1%) | 22.9% (-27.3%) | $5.84 (-27.5%) |
| 2024 | $24.4b (4.2%) | $5.6b (4.7%) | $11.0b (-51.5%) | 23.0% (0.5%) | $5.94 (1.7%) |
| 2025 | $27.3b (12.1%) | $5.6b (0.4%) | $3.7b (-66.6%) | 20.6% (-10.4%) | $5.84 (-1.7%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.