Financials Royal Bank of Canada

Equities

RY

CA7800871021

Banks

Delayed Toronto S.E. 03:45:37 2024-05-28 pm EDT 5-day change 1st Jan Change
143.4 CAD -0.53% Intraday chart for Royal Bank of Canada -0.82% +6.98%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 152,358 132,532 183,527 175,425 155,218 203,827 - -
Enterprise Value (EV) 1 152,358 132,532 183,527 175,425 155,218 203,827 203,827 203,827
P/E ratio 12.1 x 11.9 x 11.6 x 11.4 x 10.5 x 13.7 x 12.8 x 12.9 x
Yield 3.83% 4.6% 3.35% 3.93% 4.82% 3.88% 4.07% 4.29%
Capitalization / Revenue 3.31 x 2.81 x 3.69 x 3.58 x 2.77 x 3.67 x 3.48 x 3.34 x
EV / Revenue 3.31 x 2.81 x 3.69 x 3.58 x 2.77 x 3.67 x 3.48 x 3.34 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.95 x 1.53 x 2 x 1.73 x 1.32 x 1.83 x 1.68 x 1.6 x
Nbr of stocks (in thousands) 1,434,094 1,422,624 1,424,676 1,391,712 1,401,394 1,413,992 - -
Reference price 2 106.2 93.16 128.8 126.0 110.8 144.2 144.2 144.2
Announcement Date 12/4/19 12/2/20 12/1/21 11/30/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 46,002 47,181 49,693 48,985 56,129 55,465 58,563 60,984
EBITDA - - - - - - - -
EBIT 1 17,778 18,740 19,878 20,593 21,897 22,943 24,877 23,045
Operating Margin 38.65% 39.72% 40% 42.04% 39.01% 41.37% 42.48% 37.79%
Earnings before Tax (EBT) 1 15,914 14,389 20,631 20,109 18,466 18,923 20,122 21,871
Net income 1 12,591 11,164 16,038 15,547 14,623 15,328 15,354 16,247
Net margin 27.37% 23.66% 32.27% 31.74% 26.05% 27.63% 26.22% 26.64%
EPS 2 8.750 7.820 11.06 11.06 10.50 10.53 11.25 11.19
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 4.070 4.290 4.320 4.960 5.340 5.595 5.866 6.180
Announcement Date 12/4/19 12/2/20 12/1/21 11/30/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: oktober 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 12,376 13,066 11,220 12,132 12,567 15,094 13,520 14,489 13,026 13,485 13,582 13,865 14,021 14,056 13,858
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,761 5,500 5,000 4,896 5,242 6,871 5,158 5,440 5,328 5,200 5,712 6,056 6,060 - -
Operating Margin 38.47% 42.09% 44.56% 40.36% 41.71% 45.52% 38.15% 37.55% 40.9% 38.56% 42.06% 43.68% 43.23% - -
Earnings before Tax (EBT) 1 4,988 5,384 5,308 4,556 4,861 5,342 4,420 4,633 4,071 4,348 4,465 4,774 4,610 3,977 4,126
Net income 1 3,887 4,039 4,253 3,517 3,809 3,168 3,581 3,812 4,062 3,522 4,330 3,853 3,774 3,015 3,150
Net margin 31.41% 30.91% 37.91% 28.99% 30.31% 20.99% 26.49% 26.31% 31.18% 26.12% 31.88% 27.79% 26.92% 21.45% 22.73%
EPS 2 2.680 2.840 2.960 2.510 2.740 2.290 2.580 2.730 2.900 2.500 2.471 2.980 2.900 - -
Dividend per Share 2 1.080 1.200 1.200 1.280 1.280 1.320 1.350 1.350 1.320 1.380 1.413 1.413 1.423 1.448 1.460
Announcement Date 12/1/21 2/24/22 5/26/22 8/24/22 11/30/22 3/1/23 5/25/23 8/24/23 11/30/23 2/28/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16.8% 14.2% 18.6% 16.4% 13.2% 14.5% 14.5% 12.2%
ROA (Net income/ Total Assets) 0.93% 0.75% 0.96% 0.87% 0.76% 0.77% 0.74% 0.7%
Assets 1 1,352,998 1,490,919 1,665,421 1,783,526 1,929,919 1,990,604 2,074,905 2,321,027
Book Value Per Share 2 54.40 60.90 64.60 72.90 84.00 78.90 85.60 89.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/4/19 12/2/20 12/1/21 11/30/22 11/30/23 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
144.2 CAD
Average target price
145.7 CAD
Spread / Average Target
+1.10%
Consensus
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