This report should not be construed as providing investment advice. It is for educational purposes only. Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
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National Bank of Canada TSX: NA OTC: NTIOF www.nbc.ca Fiscal Yr: Oct 31
Year 10/30/06 10/30/07 10/30/08 10/30/09 10/30/10 10/30/11 10/30/12 10/30/13 10/30/14 10/30/15 10/29/16 10/29/17 10/29/18 10/29/19 10/28/20 Value Description #Y Item Total G
Accounting Rules C GAAP C GAAP C GAAP C GAAP C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
Interest Income $3,922 $4,810 $4,259 $3,196 $2,899 $3,375 $4,127 $4,410 $4,596 $4,542 $4,875 $5,580 16.01% <-Total Growth 10 Interest Income
Other Income $2,511 $2,296 $1,785 $2,165 $2,371 $2,641 $2,975 $2,714 $2,920 $3,103 $2,884 $3,377 47.08% <-Total Growth 10 Other Income
Total $6,433 $7,106 $6,044 $5,361 $5,270 $6,016 $7,102 $7,124 $7,516 $7,645 $7,759 $8,957 26.05% <-Total Growth 10 Total
Revenue* $3,845 $3,423 $3,637 $4,131 $4,278 $4,592 $5,313 $5,163 $5,464 $5,746 $5,840 $6,609 $7,190 $7,549 $7,844 93.08% <-Total Growth 10 Revenue
Increase 3.83% -10.98% 6.25% 13.58% 3.56% 7.34% 15.70% -2.82% 5.83% 5.16% 1.64% 13.17% 8.79% 4.99% 3.91% 6.80% <-IRR #YR-> 10 Revenue 93.08%
5 year Running Average $3,497 $3,576 $3,631 $3,748 $3,863 $4,012 $4,390 $4,695 $4,962 $5,256 $5,505 $5,764 $6,170 $6,587 $7,006 4.46% <-IRR #YR-> 5 Revenue 24.39%
Revenue per Share $11.90 $10.85 $11.41 $12.81 $13.14 $14.31 $16.47 $15.84 $16.59 $17.04 $17.28 $19.46 $21.17 $22.23 $23.10 4.89% <-IRR #YR-> 10 5 yr Running Average 61.18%
Increase 6.29% -8.88% 5.16% 12.35% 2.56% 8.88% 15.10% -3.83% 4.76% 2.69% 1.39% 12.65% 8.79% 4.99% 3.91% 5.60% <-IRR #YR-> 5 5 yr Running Average 31.30%
5 year Running Average $10.32 $10.83 $11.19 $11.63 $12.02 $12.50 $13.63 $14.51 $15.27 $16.05 $16.64 $17.24 $18.31 $19.44 $20.65 6.02% <-IRR #YR-> 10 Revenue per Share 79.44%
P/S (Price/Sales) Med 2.54 2.71 2.11 1.77 2.32 2.56 2.19 2.57 2.88 2.81 2.44 2.53 3.40% <-IRR #YR-> 5 Revenue per Share 18.17%
P/S (Price/Sales) Close 2.57 2.52 1.98 2.20 2.55 2.49 2.34 2.86 3.17 2.54 2.77 3.22 2.96 2.82 2.71 4.76% <-IRR #YR-> 10 5 yr Running Average 59.13%
*Total Revenue in M CDN $ P/S 10 yr 2.55 5 yr 2.86 16.06% Diff M/C 4.82% <-IRR #YR-> 5 5 yr Running Average 26.52%
-$3,423 $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,609
-$5,313 $0 $0 $0 $0 $6,609
-$3,576 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,764
-$4,390 $0 $0 $0 $0 $5,764
-$10.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.46
-$16.47 $0.00 $0.00 $0.00 $0.00 $19.46
-$10.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $17.24
-$13.63 $0.00 $0.00 $0.00 $0.00 $17.24
EPS Basic $2.61 $1.63 $2.35 $2.48 $3.00 $3.47 $4.70 $4.44 $4.36 $4.56 $3.31 $5.44 234.77% <-Total Growth 10 EPS Basic
EPS Diluted* $2.57 $1.61 $2.34 $2.47 $2.97 $3.43 $4.66 $4.40 $4.32 $4.51 $3.29 $5.38 $5.76 $6.13 $6.84 234.16% <-Total Growth 10 EPS Diluted
Increase 4.69% -37.23% 45.03% 5.78% 20.24% 15.32% 36.06% -5.58% -1.82% 4.40% -27.05% 63.53% 7.06% 6.42% 11.58% 12.82% <-IRR #YR-> 10 Earnings per Share 234.16%
Earnings Yield 8.4% 5.9% 10.3% 8.8% 8.8% 9.6% 12.1% 9.7% 8.2% 10.4% 6.9% 8.6% 9.2% 9.8% 10.9% 2.92% <-IRR #YR-> 5 Earnings per Share 15.45%
5 year Running Average $1.96 $2.06 $2.20 $2.29 $2.39 $2.56 $3.17 $3.59 $3.96 $4.26 $4.24 $4.38 $4.65 $5.01 $5.48 7.81% <-IRR #YR-> 10 5 yr Running Average 112.21%
10 year Running Average $1.53 $1.60 $1.75 $1.89 $2.06 $2.26 $2.62 $2.89 $3.12 $3.33 $3.40 $3.78 $4.12 $4.48 $4.87 6.67% <-IRR #YR-> 5 5 yr Running Average 38.08%
* Diluted ESP per share E/P 10 Yrs 9.24% 5Yrs 8.59%
-$1.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.38
-$4.66 $0.00 $0.00 $0.00 $0.00 $5.38
-$2.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.38
-$3.17 $0.00 $0.00 $0.00 $0.00 $4.38
Pre-split 2014
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00% <-Median-> 10 Special Dividends
Pre-split 2014 $1.90 $2.18 $2.46 $2.48 $2.48 $2.65 $3.00 $3.32
Dividend* $0.95 $1.09 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $2.23 $2.38 $2.40 $2.40 104.59% <-Total Growth 10 Dividends
Increase 14.46% 14.74% 12.84% 0.81% 0.00% 6.85% 13.21% 10.67% 10.54% 8.99% 7.50% 3.72% 6.73% 0.84% 0.00% Count 31 Years of data
Average Increases 5 Year Running 19.00% 19.45% 18.46% 13.72% 8.57% 7.05% 6.74% 6.31% 8.25% 10.05% 10.18% 8.28% 7.50% 5.56% 3.76% -57.41% <-Total Growth 10 Dividends 5 Yr Running
Dividends 5 Yr Running $0.68 $0.81 $0.95 $1.07 $1.15 $1.23 $1.31 $1.39 $1.51 $1.66 $1.83 $1.98 $2.12 $2.23 $2.31 143.23% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 3.14% 3.71% 5.11% 5.48% 4.06% 3.62% 4.16% 4.08% 3.84% 4.17% 5.10% 4.53% 3.76% 4.17% <-Median-> 10 Dividends
Yield on High Price 2.93% 3.30% 4.55% 4.02% 3.69% 3.25% 3.73% 3.67% 3.41% 3.63% 4.52% 3.56% 3.71% 3.68% <-Median-> 10 Dividends
Yield on Low Price 3.38% 4.24% 5.82% 8.59% 4.51% 4.09% 4.70% 4.59% 4.41% 4.91% 5.84% 6.22% 3.82% 4.80% <-Median-> 10 Dividends
Yield on Close Price 3.10% 3.99% 5.44% 4.40% 3.69% 3.73% 3.89% 3.67% 3.48% 4.62% 4.49% 3.56% 3.80% 3.83% 3.83% 3.81% <-Median-> 10 Dividends
Payout Ratio EPS 37.04% 67.70% 52.68% 50.20% 41.75% 38.69% 32.19% 37.73% 42.48% 44.35% 65.35% 41.45% 41.32% 39.15% 35.09% 42.11% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 34.90% 39.34% 43.33% 46.72% 48.12% 47.81% 41.20% 38.86% 38.23% 39.03% 43.18% 45.09% 45.55% 44.52% 42.19% 43.25% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS -12.77% 13.10% -25.26% -108.34% -7.37% 7.10% 22.23% 78.42% 14.57% 10.58% 13.37% 49.79% 19.04% 18.32% 36.25% 11.97% <-Median-> 10 DPR CF
DPR CF 5 Yr Running -8.38% -14.12% -23.69% -24.18% -26.19% 147.43% 253.09% 72.79% 32.44% 14.09% 16.20% 18.23% 16.41% 17.15% 21.90% 17.21% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 35.19% 31.39% 40.65% 51.32% 42.63% 36.44% 29.53% 29.86% 33.72% 34.39% 42.48% 32.63% 19.04% 18.32% 36.25% 35.42% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 29.11% 32.14% 34.82% 38.41% 39.59% 39.62% 38.29% 35.54% 33.41% 32.59% 33.92% 34.39% 29.72% 25.77% 26.20% 35.18% <-Median-> 10 DPR CF WC 5 Yr Running
Median Values 5 Yr Med 5 Yr Cl 4.17% 3.67% 5 Yr Med Payout 42.48% 14.57% 33.72% 7.42% <-IRR #YR-> 10 Dividends 79.84%
* Dividends per share 5 Yr and Cur. -8.18% 4.47% Last Div Inc ---> $0.58 $0.60 3.45% 8.25% <-IRR #YR-> 5 Dividends 48.67%
Dividends Growth 15 11.26% <-IRR #YR-> 15 Dividends 395.56%
Dividends Growth 20 10.98% <-IRR #YR-> 20 Dividends 703.60%
Dividends Growth 25 7.11% <-IRR #YR-> 25 Dividends 457.50%
Dividends Growth 30 7.26% <-IRR #YR-> 30 Dividends 537.14%
-$1.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.23
-$1.50 $0.00 $0.00 $0.00 $0.00 $2.23
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.23
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.23
Dividends Growth 25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.23
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.23
Historical Dividends Historical High Div 10.17% Low Div 2.60% Ave Div 6.39% Med Div 3.95% Close Div 3.77% Historical Dividends
High/Ave/Median Values Curr diff Exp. -62.31% Cheap 47.43% Exp. -39.96% Exp. -2.96% Cheap 1.75% High/Ave/Median
Future Dividend Yield Div Yd $0.06 earning in 5 Years at IRR of 10.00% Div Inc. 61.05% Future Dividend Yield
Future Dividend Yield Div Yd 9.94% earning in 10 Years at IRR of 10.00% Div Inc. 159.37% Future Dividend Yield
Future Dividend Yield Div Yd 16.01% earning in 15 Years at IRR of 10.00% Div Inc. 317.72% Future Dividend Yield
Yield if held 5 yrs 7.11% 7.40% 6.90% 5.58% 4.59% 4.38% 5.10% 6.90% 8.11% 6.55% 5.88% 6.18% 5.85% 5.03% 5.01% 6.03% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 15.65% 13.01% 9.34% 11.43% 11.77% 9.92% 10.18% 9.31% 8.25% 7.41% 7.10% 7.59% 9.89% 10.60% 7.86% 9.33% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 20.67% 21.66% 27.33% 24.95% 24.42% 21.83% 17.91% 12.61% 16.91% 18.98% 16.09% 15.14% 13.34% 10.79% 8.89% 18.45% <-Median-> 10 Paid Median Price
Yield if held 20 yrs 23.01% 18.98% 23.47% 28.84% 29.81% 36.89% 36.92% 39.39% 35.42% 26.63% 18.08% 22.12% 22.78% 29.32% <-Median-> 10 Paid Median Price
Yield if held 25 yrs 31.06% 28.09% 37.86% 46.79% 44.31% 52.89% 48.29% 47.27% 37.86% <-Median-> 5 Paid Median Price
Yield if held 30 yrs 44.53% 36.74% 45.43% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 25.59% 27.56% 26.69% 24.01% 21.30% 20.23% 22.23% 28.94% 33.39% 27.25% 25.00% 27.38% 26.02% 23.38% 24.13% 25.84% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 84.56% 70.99% 52.08% 71.43% 81.80% 71.43% 71.93% 65.73% 58.01% 52.13% 50.44% 55.82% 72.95% 82.69% 65.11% 61.87% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 138.52% 140.19% 179.67% 183.60% 200.20% 185.46% 149.01% 105.00% 141.11% 160.76% 139.87% 138.97% 125.13% 108.20% 94.95% 154.89% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 184.00% 164.18% 218.93% 271.82% 270.04% 334.44% 335.71% 364.06% 336.12% 266.93% 185.49% 243.96% 270.46% 270.93% <-Median-> 10 Paid Median Price
Cost covered if held 25 years 314.31% 279.91% 376.43% 470.84% 466.27% 569.89% 560.26% 591.73% 376.43% <-Median-> 5 Paid Median Price
Cost covered if held 30 years 512.54% 450.75% 595.27% #NUM! <-Median-> 0 Paid Median Price
Graham No. $28.00 $22.05 $27.93 $28.61 $35.44 $39.73 $45.81 $47.62 $50.04 $53.55 $45.95 $61.76 $63.90 $65.92 $69.64 180.05% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.08 1.33 0.86 0.79 0.86 0.92 0.79 0.86 0.95 0.89 0.92 0.80 0.99 0.86 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.16 1.50 0.97 1.08 0.95 1.02 0.88 0.95 1.08 1.03 1.04 1.01 1.00 1.02 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.00 1.17 0.76 0.50 0.78 0.82 0.70 0.76 0.83 0.76 0.80 0.58 0.98 0.76 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.09 1.24 0.81 0.99 0.95 0.90 0.84 0.95 1.05 0.81 1.04 1.01 0.98 0.95 0.90 0.95 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 9.38% 23.91% -19.07% -1.45% -5.29% -10.47% -15.77% -4.99% 5.27% -19.13% 4.20% 1.38% -2.02% -5.03% -10.09% -5.14% <-Median-> 10 Graham Price
Month, Year Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Month, Year
Pre-split 2014 $65.84 $52.29 $31.30 $60.24 $68.52 $68.52 $77.24 $88.39
Price Close $32.92 $26.15 $15.65 $30.12 $34.26 $34.26 $38.62 $44.20 $49.44 $40.31 $54.53 $62.72 $63.85 $63.85 $63.85 139.89% <-Total Growth 10 Stock Price
Increase 9.15% -20.58% -40.14% 92.46% 13.75% 0.00% 12.73% 14.44% 11.87% -18.47% 35.28% 15.02% 1.80% 0.00% 0.00% 9.14% <-IRR #YR-> 10 Stock Price 139.89%
P/E 12.83 16.24 6.70 12.19 11.54 10.00 8.29 10.04 11.44 8.94 16.57 11.66 11.09 10.42 9.33 10.18% <-IRR #YR-> 5 Stock Price 62.40%
Trailing P/E 13.44 10.19 9.72 12.90 13.87 11.54 11.28 9.48 11.24 9.33 12.09 19.06 11.87 11.09 10.42 13.28% <-IRR #YR-> 10 Price & Dividend 206.83%
Median 10, 5 Yrs D. per yr 4.13% 4.16% % Tot Ret 31.12% 29.01% Price Inc 14.44% P/E: 10.74 11.44 14.35% <-IRR #YR-> 5 Price & Dividend 91.86%
Price & Dividend 15 13.62% <-IRR #YR-> 15 Price & Dividend 417.89%
Price & Dividend 20 12.24% <-IRR #YR-> 20 Price & Dividend 623.33%
Price & Dividend 25 16.17% <-IRR #YR-> 25 Price & Dividend 1312.48%
Price & Dividend 30 12.28% <-IRR #YR-> 30 Price & Dividend 1331.24%
-$26.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $62.72
-$38.62 $0.00 $0.00 $0.00 $0.00 $62.72
-$26.15 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $64.84
-$38.62 $1.66 $1.84 $2.00 $2.15 $64.84
Price & Dividend 15 $0.95 $1.09 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $64.84 Price & Dividend 15
Price & Dividend 20 $0.95 $1.09 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $64.84 Price & Dividend 20
Price & Dividend 25 $0.95 $1.09 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $64.84 Price & Dividend 25
Price & Dividend 30 $0.95 $1.09 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $64.84 Price & Dividend 30
Month, Year Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Month, Year
Pre-split 2014 $61.25 $54.65 $45.21 $56.39 $67.13 $71.14 $77.18 $90.48
Price Close $30.63 $27.33 $22.61 $28.20 $33.57 $35.57 $38.59 $45.24 $52.68 $43.31 $47.88 $62.61 $62.61 $62.61 $62.61 129.13% <-Total Growth 10 Stock Price
Increase 3.57% -10.78% -17.27% 24.73% 19.05% 5.97% 8.49% 17.23% 16.45% -17.79% 10.55% 30.76% 0.00% 0.00% 0.00% 8.64% <-IRR #YR-> 10 Stock Price 4.17%
P/E 11.94 16.97 9.68 11.41 11.30 10.39 8.28 10.28 12.19 9.60 14.55 11.64 10.87 10.21 9.15 10.16% <-IRR #YR-> 5 Stock Price 62.24%
Trailing P/E 12.50 10.65 14.04 12.07 13.59 11.98 11.27 9.71 11.97 10.03 10.62 19.03 11.64 10.87 10.21 12.69% <-IRR #YR-> 10 Price & Dividend 193.17%
Median 10, 5 Yrs D. per yr 4.04% 4.20% % Tot Ret 31.87% 29.26% Price Inc 16.45% P/E: 10.84 11.64 14.37% <-IRR #YR-> 5 Price & Dividend 91.72%
-$27.33 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $62.61
-$38.59 $0.00 $0.00 $0.00 $0.00 $62.61
-$27.33 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $64.84
-$38.59 $1.66 $1.84 $2.00 $2.15 $64.84
Price H/L Median $30.27 $29.40 $24.07 $22.64 $30.53 $36.58 $36.06 $40.72 $47.74 $47.91 $42.19 $49.22 $63.26 67.41% <-Total Growth 10 Stock Price
Increase 12.15% -2.88% -18.13% -5.94% 34.86% 19.79% -1.40% 12.91% 17.25% 0.35% -11.94% 16.68% 28.52% 5.29% <-IRR #YR-> 10 Stock Price 67.41%
P/E 11.80 18.26 10.31 9.17 10.28 10.68 7.74 9.25 11.05 10.62 12.82 9.15 10.98 6.42% <-IRR #YR-> 5 Stock Price 36.49%
Trailing P/E 12.36 11.46 14.95 9.70 12.36 12.31 10.53 8.74 10.85 11.09 9.35 14.96 11.76 9.58% <-IRR #YR-> 10 Price & Dividend 126.94%
P/E on Run. 5 yr Ave 15.45 14.24 10.96 9.90 12.78 14.28 11.37 11.36 12.07 11.24 9.96 11.24 13.60 11.22% <-IRR #YR-> 5 Price & Dividend 68.03%
P/E on Run. 10 yr Ave 19.76 18.36 13.75 12.00 14.84 16.18 13.77 14.08 15.30 14.40 12.41 13.03 15.36 9.82 P/E Ratio Historical Median
Median 10, 5 Yrs D. per yr 4.30% 4.80% % Tot Ret 44.82% 42.81% Price Inc 12.91% P/E: 10.29 10.62
-$29.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $49.22
-$36.06 $0.00 $0.00 $0.00 $0.00 $49.22
-$29.40 $1.23 $1.24 $1.24 $1.33 $1.50 $1.66 $1.84 $2.00 $2.15 $51.45
-$36.06 $1.66 $1.84 $2.00 $2.15 $51.45
High Months Mar 06 Nov 06 May 08 Sep 09 Oct 10 May 11 Mar 12 Oct 13 Sep 14 Nov 14 Aug 16 Oct 17 Dec 17
Pre-split 2014 $64.95 $66.16 $54.03 $61.70 $67.13 $81.44 $80.43 $90.48
Price High $32.48 $33.08 $27.02 $30.85 $33.57 $40.72 $40.22 $45.24 $53.88 $55.06 $47.58 $62.61 $64.19 89.27% <-Total Growth 10 Stock Price
Increase 5.66% 1.86% -18.33% 14.20% 8.80% 21.32% -1.24% 12.50% 19.10% 2.19% -13.59% 31.59% 2.52% 6.59% <-IRR #YR-> 10 Stock Price 89.27%
P/E 12.66 20.55 11.57 12.49 11.30 11.89 8.63 10.28 12.47 12.21 14.46 11.64 11.14 9.26% <-IRR #YR-> 5 Stock Price 55.69%
Trailing P/E 13.26 12.90 16.78 13.21 13.59 13.71 11.74 9.71 12.25 12.75 10.55 19.03 11.93 11.88 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 12.50% P/E: 11.76 12.21 12.84 P/E Ratio Historical High
-$33.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $62.61
-$40.22 $0.00 $0.00 $0.00 $0.00 $62.61
Low Months Jul 06 Oct 07 Oct 08 Nov 08 Jul 10 Nov 10 Nov 11 Apr 13 Feb 14 Aug 15 Jan 16 Jan 17 Dec 17
Price Low $28.07 $25.72 $21.13 $14.43 $27.50 $32.43 $31.91 $36.20 $41.60 $40.75 $36.79 $35.83 $62.33 39.31% <-Total Growth 10 Stock Price
Increase 20.73% -8.37% -17.87% -31.69% 90.58% 17.93% -1.60% 13.43% 14.93% -2.04% -9.72% -2.61% 73.96% 3.37% <-IRR #YR-> 10 Stock Price 39.31%
P/E 10.94 15.98 9.05 5.84 9.26 9.47 6.85 8.23 9.63 9.04 11.18 6.66 10.82 2.34% <-IRR #YR-> 5 Stock Price 12.28%
Trailing P/E 11.46 10.03 13.12 6.18 11.13 10.92 9.32 7.77 9.45 9.43 8.16 10.89 11.59 8.38 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -2.04% P/E: 9.04 9.04 6.66 P/E Ratio Historical Low
-$25.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $35.83
Long Term Debt $128,830 $139,907 $156,671 Deposits Debt
Change 8.60% 11.98% 10.29% <-Median-> 2 Change
Debt/Market Cap Ratio 8.82 8.64 7.37 8.64 <-Median-> 3 Debt/Market Cap Ratio
Goodwill & Intangibles $860 $872 $1,124 $1,143 $1,224 $1,609 $1,841 $1,962 $2,270 $2,336 $2,552 $2,648 Intangibles Goodwill
Change 2.38% 1.40% 28.90% 1.69% 7.09% 31.45% 14.42% 6.57% 15.70% 2.91% 9.25% 3.76% 8.17% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.09 0.10 0.16 0.13 0.11 0.14 0.15 0.13 0.13 0.16 0.16 0.12 0.14 <-Median-> 10 Intangible/Market Cap Ratio
Market Cap $9,893 $8,624 $7,209 $9,090 $10,927 $11,416 $12,450 $14,747 $17,347 $14,606 $16,186 $21,262 $21,262 $21,262 $21,262 146.54% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 331.098 322.380 318.510 321.802 326.674 328.510 325.746 327.048 331.086 333.139 339.895 344.771 6.95% <-Total Growth 10 Diluted
Change -2.02% -2.63% -1.20% 1.03% 1.51% 0.56% -0.84% 0.40% 1.23% 0.62% 2.03% 1.43% 0.67% <-IRR #YR-> 10 Diluted
xxxx 1.14% <-IRR #YR-> 5 Diluted
Average # of Shares in Million 325.702 319.622 317.326 320.526 324.108 324.850 322.774 324.468 327.463 329.709 337.460 340.809 6.63% <-Total Growth 10 Average
Change -2.12% -1.87% -0.72% 1.01% 1.12% 0.23% -0.64% 0.52% 0.92% 0.69% 2.35% 0.99% 0.80% <-Median-> 10 Change
Difference -0.8% -1.3% 0.5% 0.6% 0.4% -1.2% 0.0% 0.5% 0.6% 2.3% 0.2% -0.4% 0.45% <-Median-> 10 Difference
# of Share in Millions 323.025 315.613 318.894 322.402 325.544 320.949 322.617 325.983 329.297 337.236 338.053 339.592 339.592 339.592 339.592 0.73% <-IRR #YR-> 10 Shares 7.60%
Change -2.31% -2.29% 1.04% 1.10% 0.97% -1.41% 0.52% 1.04% 1.02% 2.41% 0.24% 0.46% 0.00% 0.00% 0.00% 1.03% <-IRR #YR-> 5 Shares 5.26%
CF fr Op $M -$2,403 $2,626 -$1,553 -$369 -$5,477 $5,993 $2,177 $690 $4,147 $6,375 $5,438 $1,521 $4,245 $4,449 $2,248 -42.08% <-Total Growth 10 Cash Flow
Increase 57.12% 209.28% -159.14% 76.24% -1384% 209.42% -63.67% -68.31% 501.01% 53.73% -14.70% -72.03% 179.09% 4.80% -49.47% SO, S. Issues Buy Backs
5 year Running Average -$2,763.0 -$1,964.4 -$1,330.4 -$1,460.6 -$1,435.2 $244.0 $154.2 $602.8 $1,506.0 $3,876.4 $3,765.4 $3,634.2 $4,345.2 $4,405.5 $3,580.1 285.00% <-Total Growth 10 CF 5 Yr Running
CFPS -$7.44 $8.32 -$4.87 -$1.14 -$16.82 $18.67 $6.75 $2.12 $12.59 $18.90 $16.09 $4.48 $12.50 $13.10 $6.62 -46.17% <-Total Growth 10 Cash Flow per Share
Increase 56.11% 211.85% -158.53% 76.50% -1370% 210.99% -63.86% -68.63% 494.96% 50.11% -14.90% -72.16% 179.09% 4.80% -49.47% -5.31% <-IRR #YR-> 10 Cash Flow -42.08%
5 year Running Average -$8.16 -$5.75 -$4.02 -$4.42 -$4.39 $0.83 $0.52 $1.91 $4.66 $11.81 $11.29 $10.84 $12.91 $13.01 $10.56 -6.92% <-IRR #YR-> 5 Cash Flow -30.13%
P/CF on Med Price -4.07 3.53 -4.94 -19.78 -1.81 1.96 5.34 19.24 3.79 2.53 2.62 10.99 5.06 0.00 0.00 -6.01% <-IRR #YR-> 10 Cash Flow per Share -46.17%
P/CF on Closing Price -4.12 3.28 -4.64 -24.63 -2.00 1.90 5.72 21.37 4.18 2.29 2.98 13.98 5.01 4.78 9.46 -7.87% <-IRR #YR-> 5 Cash Flow per Share -33.63%
94.27% Diff M/C #NUM! <-IRR #YR-> 10 CFPS 5 yr Running 288.46%
Excl.Working Capital CF $3,275 -$1,530 $2,518 $1,148 $6,424 -$4,826 -$538 $1,122 -$2,355 -$4,414 -$3,727 $800 $0 $0 $0 83.81% <-IRR #YR-> 5 CFPS 5 yr Running 1998.28%
CF fr Op $M WC $872 $1,096 $965 $779 $947 $1,167 $1,639 $1,812 $1,792 $1,961 $1,711 $2,321 $4,245 $4,449 $2,248 111.77% <-Total Growth 10 Cash Flow less WC
Increase 15.19% 25.69% -11.95% -19.27% 21.57% 23.23% 40.45% 10.56% -1.10% 9.43% -12.75% 35.65% 82.89% 4.80% -49.47% 7.79% <-IRR #YR-> 10 Cash Flow less WC 111.77%
5 year Running Average $799.8 $830.0 $884.2 $893.8 $931.8 $990.8 $1,099.4 $1,268.8 $1,471.4 $1,674.2 $1,783.0 $1,919.4 $2,406.0 $2,937.3 $2,994.7 7.21% <-IRR #YR-> 5 Cash Flow less WC 41.61%
CFPS Excl. WC $2.70 $3.47 $3.03 $2.42 $2.91 $3.64 $5.08 $5.56 $5.44 $5.81 $5.06 $6.83 $12.50 $13.10 $6.62 8.74% <-IRR #YR-> 10 CF less WC 5 Yr Run 131.25%
Increase 17.92% 28.64% -12.86% -20.15% 20.39% 25.00% 39.72% 9.41% -2.10% 6.85% -12.96% 35.04% 82.89% 4.80% -49.47% 11.79% <-IRR #YR-> 5 CF less WC 5 Yr Run 74.59%
5 year Running Average $2.35 $2.53 $2.73 $2.78 $2.90 $3.09 $3.41 $3.92 $4.53 $5.11 $5.39 $5.74 $7.13 $8.66 $8.82 7.01% <-IRR #YR-> 10 CFPS - Less WC 96.82%
P/CF on Med Price 11.21 8.47 7.95 9.37 10.50 10.06 7.10 7.33 8.77 8.24 8.33 7.20 5.06 0.00 0.00 6.11% <-IRR #YR-> 5 CFPS - Less WC 34.53%
P/CF on Closing Price 11.34 7.87 7.47 11.67 11.54 9.78 7.60 8.14 9.68 7.45 9.46 9.16 5.01 4.78 9.46 8.56% <-IRR #YR-> 10 CFPS 5 yr Running 127.30%
*Operational Cash Flow CF/CF-WC P/CF Med 10 yr 2.58 5 yr 3.79 P/CF Med 10 yr 8.29 5 yr 8.24 -39.55% Diff M/C 10.96% <-IRR #YR-> 5 CFPS 5 yr Running 68.22%
-$8.32 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.48 Cash Flow per Share
-$6.75 $0.00 $0.00 $0.00 $0.00 $4.48 Cash Flow per Share
$5.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.84 CFPS 5 yr Running
-$0.52 $0.00 $0.00 $0.00 $0.00 $10.84 CFPS 5 yr Running
-$1,096 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,321 Cash Flow less WC
-$1,639 $0 $0 $0 $0 $2,321 Cash Flow less WC
-$830 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,919 CF less WC 5 Yr Run
-$1,099 $0 $0 $0 $0 $1,919 CF less WC 5 Yr Run
-$3.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.83 CFPS - Less WC
-$5.08 $0.00 $0.00 $0.00 $0.00 $6.83 CFPS - Less WC
Contributions in excess of the emplo -$192
OPM 22.11% 15.19% 20.46% 19.24% 22.70% 24.52% 28.57% 27.87% 26.15% 26.17% 19.13% 28.07% 84.76% <-Total Growth 10 OPM
Increase -1.25% -31.28% 34.66% -5.92% 17.94% 8.03% 16.52% -2.45% -6.17% 0.08% -26.93% 46.75% Should increase or be stable.
Diff from Median -12.7% -40.0% -19.3% -24.0% -10.4% -3.2% 12.8% 10.0% 3.2% 3.3% -24.5% 10.8% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 25.34% 5 Yrs 26.17% should be zero, it is a check on calculations
Current Assets $10,879 $3,328 $3,660 $2,228 $2,274 $2,858 $3,249 $3,596 $9,964 $8,908 $9,405 $10,012 Liquidity ratio of 1.5 and up, best
Current Liabilities $2,558 $2,633 $1,924 $2,148 $1,727 $2,112 $2,836 $1,888 $4,494 $4,474 $5,346 $2,831 1.83 <-Median-> 10 Ratio
Liquidity Ratio 4.25 1.26 1.90 1.04 1.32 1.35 1.15 1.90 2.22 1.99 1.76 3.54 1.99 <-Median-> 5 Ratio
Liq. with CF aft div 3.80 2.13 1.58 0.87 1.07 3.99 1.74 1.98 3.01 3.27 2.64 3.81 3.01 <-Median-> 5 Ratio
Liq. CF re Inv+Div 3.80 1.20 0.31 0.44 0.25 0.66 1.17 1.98 3.01 1.45 1.47 3.81 1.98 <-Median-> 5 Ratio
Assets $116,885 $113,085 $129,332 $132,138 $145,301 $156,297 $177,903 $188,204 $205,429 $216,090 $232,206 $245,827 Debt Ratio of 1.5 and up, best
Liabilities $111,521 $107,488 $121,794 $124,464 $136,894 $147,986 $169,663 $179,043 $194,927 $204,735 $220,104 $232,269 1.06 <-Median-> 10 Ratio
Debt Ratio 1.05 1.05 1.06 1.06 1.06 1.06 1.05 1.05 1.05 1.06 1.05 1.06 1.05 <-Median-> 5 Ratio
Check Total BV $5,364 $5,597 $7,538 $7,674 $8,407 $8,311 $8,240 $9,161 $10,502 $11,355 $12,102 $13,558 $13,558 $13,558 $13,558 142.24% <-Total Growth 10 Check Total BV
Total Book Value $5,364 $5,597 $7,538 $7,674 $8,407 $8,311 $8,240 $9,161 $10,502 $11,355 $12,102 $13,558 $13,558 $13,558 $13,558 142.24% <-Total Growth 10 Total Book Value
NCI $576 $960 $2,029 $1,197 $1,199 $975 $1,020 $1,018 $795 $801 $810 $808 $808 $808 $808 -15.83% <-Total Growth 10 NCI
Book Value & Pref $4,788 $4,637 $5,509 $6,477 $7,208 $7,336 $7,220 $8,143 $9,707 $10,554 $11,292 $12,750 $12,750 $12,750 $12,750 174.96% <-Total Growth 10 Book Value & Pref
Preferred Shares $400 $400 $774 $1,729 $1,089 $762 $762 $677 $1,223 $1,023 $1,650 $2,050 $2,050 $2,050 $2,050 412.50% <-Total Growth 10 Preferred Shares
Book Value $4,388 $4,237 $4,735 $4,748 $6,119 $6,574 $6,458 $7,466 $8,484 $9,531 $9,642 $10,700 $10,700 $10,700 $10,700 152.54% <-Total Growth 10 Book Value
Pre-split 2014
Book Value per share $13.58 $13.42 $14.85 $14.73 $18.80 $20.48 $20.02 $22.90 $25.76 $28.26 $28.52 $31.51 $31.51 $31.51 $31.51 134.70% <-Total Growth 10 Book Value per share
Change 7.03% -1.17% 10.60% -0.82% 27.63% 8.97% -2.27% 14.41% 12.49% 9.70% 0.92% 10.47% 0.00% 0.00% 0.00% 19.73% P/B Ratio Current/10 Year Median
P/B Ratio (Median) 2.23 2.19 1.62 1.54 1.62 1.79 1.80 1.78 1.85 1.70 1.48 1.56 1.54 P/B Ratio Historical Median
P/B Ratio (Close) 2.25 2.04 1.52 1.91 1.79 1.74 1.93 1.98 2.04 1.53 1.68 1.99 1.99 1.99 1.99 8.91% <-IRR #YR-> 10 Book Value per share 134.70%
Change -3.23% -9.72% -25.20% 25.76% -6.73% -2.75% 11.01% 2.46% 3.52% -25.05% 9.54% 18.37% 0.00% 0.00% 0.00% 9.50% <-IRR #YR-> 5 Book Value per share 57.40%
Leverage (A/BK) 21.79 20.20 17.16 17.22 17.28 18.81 21.59 20.54 19.56 19.03 19.19 18.13 18.92 <-Median-> 10 A/BV
Debt/Equity Ratio 20.79 19.20 16.16 16.22 16.28 17.81 20.59 19.54 18.56 18.03 18.19 17.13 17.92 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.66 5 yr Med 1.70 19.73% Diff M/C 19.81 Historical Leverage (A/BK)
-$13.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.51
-$20.02 $0.00 $0.00 $0.00 $0.00 $31.51
Comprehensive Income $837 $517 $732 $1,070 $1,174 $1,241 $1,315 $1,566 $1,636 $1,538 $1,011 $2,046 295.74% <-Total Growth 10 Comprehensive Income
NCI $32 $68 -$145 $58 $68 $54 $69 $75 $69 $72 $80 $80 17.65% <-Total Growth 10 NCI
Preferred
Shareholders $805 $449 $877 $1,012 $1,106 $1,187 $1,246 $1,491 $1,567 $1,466 $931 $1,966 337.86% <-Total Growth 10 Comprehensive Income
Increase -44.22% 95.32% 15.39% 9.29% 7.32% 4.97% 19.66% 5.10% -6.45% -36.49% 111.17% 14.5% <-Median-> 5 Comprehensive Income
5 Yr Running Average $850 $926 $1,086 $1,208 $1,319 $1,391 $1,340 $1,484 15.91% <-IRR #YR-> 10 Comprehensive Income 337.86%
ROE 15.0% 8.0% 11.6% 13.2% 13.2% 14.3% 15.1% 16.3% 14.9% 12.9% 7.7% 14.5% 9.55% <-IRR #YR-> 5 Comprehensive Income 57.78%
5Yr Median 13.2% 13.2% 13.2% 14.3% 14.9% 14.9% 14.9% 14.5% 8.29% <-IRR #YR-> 7 5 Yr Running Average #DIV/0!
% Difference from NI -22.5% -34.6% -26.0% -21.2% -17.1% -16.6% -35.7% -15.6% -11.4% -18.2% -33.6% -16.4% 6.45% <-IRR #YR-> 5 5 Yr Running Average 36.72%
Median Values Diff 5, 10 yr -17.6% -16.4% 14.5% <-Median-> 5 Return on Equity
-$449.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,966.0
-$1,246.0 $0.0 $0.0 $0.0 $0.0 $1,966.0
-$849.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,484.2
-$1,085.6 $0.0 $0.0 $0.0 $0.0 $1,484.2
Current Liability Coverage Ratio 0.34 0.42 0.50 0.36 0.55 0.55 0.58 0.96 0.40 0.44 0.32 0.82 CFO / Current Liabilities
5 year Median 0.27 0.27 0.34 0.36 0.42 0.50 0.55 0.55 0.55 0.55 0.44 0.44 0.44 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 0.75% 0.97% 0.75% 0.59% 0.65% 0.75% 0.92% 0.96% 0.87% 0.91% 0.74% 0.94% CFO / Total Assets
5 year Median 0.82% 0.82% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.87% 0.91% 0.91% 0.91% 0.9% <-Median-> 5 Return on Assets
Return on Assets ROA 0.7% 0.5% 0.6% 0.6% 0.7% 0.7% 0.9% 0.8% 0.7% 0.7% 0.5% 0.8% Net Income/Assets Return on Assets
5Yr Median 0.7% 0.7% 0.7% 0.6% 0.6% 0.6% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 19.4% 12.3% 15.7% 16.7% 15.9% 17.1% 23.5% 19.3% 16.8% 15.8% 11.6% 17.3% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 18.3% 18.3% 18.3% 16.7% 15.9% 15.9% 16.7% 17.1% 17.1% 17.1% 16.8% 16.8% 16.8% <-Median-> 5 Return on Equity
Net Income $903 $609 $631 $912 $1,102 $1,267 $1,634 $1,554 $1,538 $1,619 $1,256 $2,024
NCI $32 $68 -$145 $58 $68 $54 $73 $75 $69 $70 $75 $84
Preferred $21 $21 $32 $59 $63 $87 $43 $40 $40 $45 $64 $85
Shareholders $850 $520 $744 $795 $971 $1,126 $1,518 $1,439 $1,429 $1,504 $1,117 $1,855 $1,990 $2,114 256.73% <-Total Growth 10 Net Income
Increase 2.53% -38.82% 43.08% 6.85% 22.14% 15.96% 34.81% -5.20% -0.69% 5.25% -25.73% 66.07% 7.28% 6.23% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $678 $700 $729 $748 $776 $831 $1,031 $1,170 $1,297 $1,403 $1,401 $1,469 $1,579 $1,716 13.56% <-IRR #YR-> 10 Net Income 256.73%
Operating Cash Flow -$2,403 $2,626 -$1,553 -$369 -$5,477 $5,993 $2,177 $690 $4,147 $6,375 $5,438 $1,521 4.09% <-IRR #YR-> 5 Net Income 22.20%
Investment Cash Flow $826 -$2,026 -$9,584 -$2,495 -$6,913 -$10,731 -$1,371 $370 $455 -$5,620 -$4,260 $840 7.69% <-IRR #YR-> 10 5 Yr Running Average 109.83%
Total Accruals $2,427 -$80 $11,881 $3,659 $13,361 $5,864 $712 $379 -$3,173 $749 -$61 -$506 7.34% <-IRR #YR-> 5 5 Yr Running Average 42.49%
Total Assets $116,885 $113,085 $129,332 $132,138 $145,301 $156,297 $177,903 $188,204 $205,429 $216,090 $232,206 $245,827 Balance Sheet Assets
Accruals Ratio 2.08% -0.07% 9.19% 2.77% 9.20% 3.75% 0.40% 0.20% -1.54% 0.35% -0.03% -0.21% -0.03% <-Median-> 5 Ratio
EPS/CF Ratio (WC) 0.95 0.46 0.77 1.02 1.02 0.94 0.92 0.79 0.79 0.78 0.65 0.79 0.79 <-Median-> 10 EPS/CF Ratio
-$520 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,855
-$1,518 $0 $0 $0 $0 $1,855
-$700 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,469
-$1,031 $0 $0 $0 $0 $1,469
Chge in Close 3.57% -10.78% -17.27% 24.73% 19.05% 5.97% 8.49% 17.23% 16.45% -17.79% 10.55% 30.76% 0.00% 0.00% 0.00% Count 31 Years of data
up/down down down down Count 8 25.81%
Meet Prediction? % right Count 2 25.00%
Financial Cash Flow $6,170 -$8,473 $11,607 $1,568 $11,531 $5,116 -$407 -$690 -$712 -$1,026 -$533 -$1,535 C F Statement Financial CF
Total Accruals -$3,743 $8,393 $274 $2,091 $1,830 $748 $1,119 $1,069 -$2,461 $1,775 $472 $1,029 Accruals
Accruals Ratio -3.20% 7.42% 0.21% 1.58% 1.26% 0.48% 0.63% 0.57% -1.20% 0.82% 0.20% 0.42% 0.42% <-Median-> 5 Ratio
Cash $10,869 $2,996 $3,466 $2,170 $2,031 $2,409 $3,249 $3,596 $8,086 $7,567 $8,183 $8,802 Cash
Cash per Share $33.65 $9.49 $10.87 $6.73 $6.24 $7.51 $10.07 $11.03 $24.56 $22.44 $24.21 $25.92 $24.21 <-Median-> 5 Cash per Share
Percentage of Stock Price 109.87% 34.74% 48.08% 23.87% 18.59% 21.10% 26.10% 24.38% 46.61% 51.81% 50.56% 41.40% 46.61% <-Median-> 5 % of Stock Price
Notes:
January 14, 2018. Last estimates were for 2017, 2018 and 2019 of $6561M, $6804M and $7056M for Revenue, $5.05, $5.35 and $5.56 for EPS,
$11.30, $11.70 and $5.71 for CFPS, $1726m and $1845M for Net Income for 2017 and 2018.
January 21, 2017. Last estimates were for 2016 and 2017 of $6143M, $6439M and $6700M for Revenue for 2016, 2017 and 2018, $4.78 and $5.03 for EPS,
$10.50 and $5.09 for CFPS and $1635M, $1699M for Net Income.
January 17, 2016. Last estimates were for 2015, 2016 and 2017 of $5809M, $6148M and $6426M for Revenue, $4.64, $4.98 and $5.61 for EPS, $10.50, $11.20 and $5.14 for CFPS, $1559M, $1679M and $1828M for Net Income.
January 17, 2015. Last estimates were for 2014, 2015 and 2016 of $5441M, $5755M, and $6714M for Revenue, $8.78, $9.37 and $10.90 for EPS and $1426M, $1524M and $1687M for Net Income
January 18, 2014. Last estimates were for 2013 and 2014 of $5260M and $5493M for Revenue and $8.14 and $8.65 for EPS
Sector:
Bank, Financial Services
What should this stock accomplish?
I would expect dividends to be moderate to good with moderate dividend growth over the longer term.
Would I buy this company and Why.
If I was looking for another bank, I would certainly consider this one. The only reason I do not own it is that I have enough bank stock with the 3 banks I own.
Why am I following this stock.
I thought I should follow one of the smaller Canadian Banks. This seems like a good choice.
Dividends
Dividends are paid in Cycle 2, which is November, February, May, and August. Dividends are declared for sharholders of one month for payment in two month's time.
For example, the dividend payable on February 1, 2014 was for shareholders of record of December 27, 2013. (The ex-dividend date was December 23, 2014.)
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
Really hard to find information on the points I wanted to hit.
Each subsidiaries seems to have its own mission to provide clients with sound advise and information.
As a key driver of social and economic development in Canada, National Bank provides significant support to the community by assisting several Canadian organizations that are particularly active with young people.
For employees it says that working together, succeeding together means joining a company that believes in the future and continuously adds value for its clients and community.
For why investor should invest in this bank, the bank says that National Bank of Canada is an integrated group that provides comprehensive financial services to consumers,
small and medium-sized enterprises and large corporations in its core market, while offering specialized services elsewhere in the world.
How they make their money.
National Bank of Canada is a financial service provider for consumers, small and medium-sized enterprises, and large corporations.
The company's segments include Personal and Commercial, Wealth Management and Financial Markets.
For most ratios, lower is better when looking for a good stock price. However, there are exceptions such as for yield (dividends and erarnings) and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare companies in similar industries.
adjed re 2014 split adjed re 2014 split
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Jan 15 2013 Jan 18 2014 Jan 16 2015 Jan 17 2016 Jan 21 2017 Jan 14 2017
Vachon, Louis 0.128 0.04% 0.129 0.04% 0.262 0.08% 0.172 0.05% 0.174 0.05% 0.176 0.05% Executives under Office of
CEO - Shares - Amount $5.783 $6.813 $11.352 $8.252 $10.900 $11.02 the President
Options - percentage 2.642 0.81% 2.719 0.83% 2.900 0.86% 3.104 0.92% 3.087 0.91% 2.895 0.85%
Options - amount $119.504 $143.218 $125.587 $148.636 $193.268 $181.25
Parent, Ghislain 0.003 0.00% 0.003 0.00% 0.006 0.00% 0.006 0.00% 0.006 0.00% 0.006 0.00%
CFO - Shares - Amount $0.136 $0.158 $0.260 $0.287 $0.376 $0.38
Options - percentage 0.132 0.04% 0.370 0.11% 0.218 0.06% 0.286 0.08% 0.304 0.09% 0.317 0.09%
Options - amount $5.984 $19.489 $9.456 $13.697 $19.059 $19.86
Bertrand, Luc 0.050 0.01% 0.050 0.01% 0.050 0.01% 0.050 0.01%
Officer - Shares - Amount $2.166 $2.394 $3.131 $3.13
Options - percentage 0.026 0.01% 0.039 0.01% 0.038 0.01% 0.039 0.01%
Options - amount $1.147 $1.853 $2.400 $2.42
Bonnell, William 0.005 0.00% 0.053 0.02%
Officer - Shares - Amount $0.314 $3.29
Options - percentage 0.307 0.09% 0.587 0.17%
Options - amount $19.193 $36.78
Annett, David 0.001 0.00% 0.001 0.00%
Officer - Shares - Amount $0.026 $0.030
Options - percentage 0.024 0.01% 0.024 0.01%
Options - amount $1.076 $1.253
Bertrand, Maryse 0.003 0.00% 0.010 0.00% 0.011 0.00% 0.011 0.00% 0.011 0.00%
Director - Shares - Amount $0.148 $0.416 $0.513 $0.682 $0.69
Options - percentage 0.003 0.00% 0.004 0.00% 0.006 0.00% 0.010 0.00% 0.013 0.00%
Options - amount $0.132 $0.175 $0.282 $0.614 $0.82
Cyr, Bernard 0.015 0.00%
Director - Shares - Amount $0.679
Options - percentage 0.018 0.01%
Options - amount $0.814
Houde, Jean 0.024 0.01% 0.025 0.01% 0.025 0.01% 0.025 0.01%
Chairman - Shares - Amt $1.044 $1.194 $1.574 $1.58
Options - percentage 0.000 0.00% 0.000 0.00% 0.002 0.00% 0.003 0.00%
Options - amount $0.000 $0.000 $0.103 $0.21
Douville, Jean R. 0.001 0.00%
Chairman - Shares - Amt $0.072
Options - percentage 0.017 0.01%
Options - amount $0.898
Increase in O/S Shares 3.530 1.08% 2.945 0.89% 1.060 0.31% 1.123 0.33% 4.239 1.25%
due to SO Price $159.676 $155.117 0.89% $45.893 $53.758 $265.410
Book Value $107.000 $102.000 $39.000 $43.000 $179.000
Insider Buying -$1.279 -$0.901 -$2.359 -$6.356
Insider Selling $10.416 $3.469 $26.899 $49.465
Net Insider Selling $9.137 $2.568 $24.540 $43.109
% of Market Cap 0.06% 0.02% 0.12% 0.20%
Directors 16 16 16 14 14
Women 4 25% 6 38% 7 44% 5 36% 5 36%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 186 24.99% 192 25.97% 217 28.59% 252 33.74% 238 31.98% 259 29.19%
Total Shares Held 80.310 24.64% 90.908 27.61% 94.058 27.89% 113.785 33.66% 108.871 32.06% 99.292 29.24%
Increase/Decrease 0.773 0.97% 0.804 0.89% 0.200 0.21% -2.118 -1.83% 3.189 3.02% 0.003 0.00%
Starting No. of Shares 79.537 90.104 93.858 115.904 105.682 99.289
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