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Scotiabank Chile

SNSE:SCOTIABKCL
Snowflake Description

Acceptable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SCOTIABKCL
SNSE
CLP3,913B
Market Cap
  1. Home
  2. CL
  3. Banks
Company description

Scotiabank Chile, S.A. provides banking products and services in Chile. The last earnings update was 20 days ago. More info.


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SCOTIABKCL Share Price and Events
7 Day Returns
0%
SNSE:SCOTIABKCL
6.3%
CL Banks
4.4%
CL Market
1 Year Returns
-5.6%
SNSE:SCOTIABKCL
-7.8%
CL Banks
-10%
CL Market
SCOTIABKCL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Scotiabank Chile (SCOTIABKCL) 0% 0% -2.9% -5.6% 170.9% 170.9%
CL Banks 6.3% -7.8% -6.9% -7.8% 29.5% 48.3%
CL Market 4.4% -7.3% -1.8% -10% 5.4% 1.1%
1 Year Return vs Industry and Market
  • SCOTIABKCL outperformed the Banks industry which returned -7.8% over the past year.
  • SCOTIABKCL outperformed the Market in Chile which returned -10% over the past year.
Price Volatility
SCOTIABKCL
Industry
5yr Volatility vs Market
Related Companies

SCOTIABKCL Value

 Is Scotiabank Chile undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Scotiabank Chile to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Scotiabank Chile.

SNSE:SCOTIABKCL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CLP173.80 * 12%
CLP20.78
Book Value of Equity per Share Median Book Value from the past 5 years. CLP173.80
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year CL Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:SCOTIABKCL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 26%) (379.78%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for SNSE:SCOTIABKCL using Excess Returns Model Model

The calculations below outline how an intrinsic value for Scotiabank Chile is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SNSE:SCOTIABKCL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12% – 10.28%) * CLP173.80)
CLP2.92
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CLP2.92 / (10.28% - 2.73%)
CLP38.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CLP173.80 + CLP38.65
CLP212.45
SNSE:SCOTIABKCL Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP212.45
Current discount Discount to share price of CLP340.00
= -1 x (CLP340.00 - CLP212.45) / CLP212.45
-60%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Scotiabank Chile is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Scotiabank Chile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Scotiabank Chile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:SCOTIABKCL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP18.19
SNSE:SCOTIABKCL Share Price ** SNSE (2019-11-18) in CLP CLP340
Chile Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 15.55x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Scotiabank Chile.

SNSE:SCOTIABKCL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:SCOTIABKCL Share Price ÷ EPS (both in CLP)

= 340 ÷ 18.19

18.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scotiabank Chile is overvalued based on earnings compared to the CL Banks industry average.
  • Scotiabank Chile is overvalued based on earnings compared to the Chile market.
Price based on expected Growth
Does Scotiabank Chile's expected growth come at a high price?
Raw Data
SNSE:SCOTIABKCL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South America Banks Industry PEG Ratio Median Figure of 23 Publicly-Listed Banks Companies 0.95x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Scotiabank Chile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Scotiabank Chile's assets?
Raw Data
SNSE:SCOTIABKCL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP172.32
SNSE:SCOTIABKCL Share Price * SNSE (2019-11-18) in CLP CLP340
Chile Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.71x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:SCOTIABKCL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:SCOTIABKCL Share Price ÷ Book Value per Share (both in CLP)

= 340 ÷ 172.32

1.97x

* Primary Listing of Scotiabank Chile.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scotiabank Chile is overvalued based on assets compared to the CL Banks industry average.
X
Value checks
We assess Scotiabank Chile's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Scotiabank Chile has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SCOTIABKCL Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Scotiabank Chile expected to grow at an attractive rate?
  • Unable to compare Scotiabank Chile's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Scotiabank Chile's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Scotiabank Chile's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:SCOTIABKCL Future Growth Rates Data Sources
Data Point Source Value (per year)
Chile Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
South America Banks Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:SCOTIABKCL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:SCOTIABKCL Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 951,553 219,516
2019-06-30 864,737 -11,448,404 192,718
2019-03-31 732,998 -12,100,559 143,773
2018-12-31 614,187 -12,330,619 108,120
2018-09-30 520,129 -11,686,797 119,225
2018-06-30 496,596 -1,545,176 124,562
2018-03-31 458,473 -1,363,768 106,252
2017-12-31 449,101 -1,295,838 103,299
2017-09-30 426,801 -983,777 95,901
2017-06-30 430,231 -663,397 99,737
2017-03-31 444,291 -477,079 107,435
2016-12-31 435,876 -125,973 103,648

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Scotiabank Chile is high growth as no earnings estimate data is available.
  • Unable to determine if Scotiabank Chile is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:SCOTIABKCL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Scotiabank Chile Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:SCOTIABKCL Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 18.19
2019-06-30 13.13
2019-03-31 10.98
2018-12-31 9.40
2018-09-30 11.09
2018-06-30 24.20
2018-03-31 20.64
2017-12-31 20.07
2017-09-30 18.63
2017-06-30 19.38
2017-03-31 20.88
2016-12-31 20.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Scotiabank Chile will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Scotiabank Chile's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Scotiabank Chile's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Chile market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Scotiabank Chile has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SCOTIABKCL Past Performance

  How has Scotiabank Chile performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Scotiabank Chile's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Scotiabank Chile's year on year earnings growth rate has been positive over the past 5 years.
  • Scotiabank Chile's 1-year earnings growth exceeds its 5-year average (84.1% vs 15.2%)
  • Scotiabank Chile's earnings growth has exceeded the CL Banks industry average in the past year (84.1% vs 14.8%).
Earnings and Revenue History
Scotiabank Chile's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Scotiabank Chile Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:SCOTIABKCL Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 951,553.00 219,516.00 581,018.00
2019-06-30 864,737.00 192,718.00 529,411.00
2019-03-31 732,998.00 143,773.00 470,703.00
2018-12-31 614,187.00 108,120.00 405,289.00
2018-09-30 520,129.00 119,225.00 330,387.00
2018-06-30 496,596.00 124,562.00 305,898.00
2018-03-31 458,473.00 106,252.00 300,538.00
2017-12-31 449,101.00 103,299.00 296,897.00
2017-09-30 426,801.00 95,901.00 288,462.00
2017-06-30 430,231.00 99,737.00 285,970.00
2017-03-31 444,291.00 107,435.00 284,840.00
2016-12-31 435,876.00 103,648.00 284,290.00
2016-09-30 430,367.00 104,107.00 284,223.00
2016-06-30 407,107.00 93,226.00 281,860.00
2016-03-31 383,646.00 88,930.00 268,469.00
2015-12-31 341,305.00 76,407.00 243,049.00
2015-09-30 322,528.00 83,441.00 213,731.00
2015-06-30 290,114.00 86,265.00 194,157.00
2015-03-31 273,036.00 88,954.00 176,248.00
2014-12-31 278,003.00 101,469.00 170,500.00
2014-09-30 263,864.00 89,075.00 167,855.00
2014-06-30 267,606.00 84,586.00 162,452.00
2014-03-31 257,256.00 74,398.00 160,493.00
2013-12-31 247,062.00 65,266.00 157,464.00
2013-09-30 246,138.00 64,119.00 157,633.00
2013-06-30 223,071.00 54,997.00 153,582.00
2013-03-31 218,315.00 52,409.00 153,542.00
2012-12-31 216,460.00 51,480.00 154,221.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Scotiabank Chile has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Scotiabank Chile used its assets less efficiently than the CL Banks industry average last year based on Return on Assets.
  • Unable to establish if Scotiabank Chile improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Scotiabank Chile's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Scotiabank Chile has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SCOTIABKCL Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Scotiabank Chile's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Scotiabank Chile Company Filings, last reported 1 month ago.

SNSE:SCOTIABKCL Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,084,185.00 14,642,686.00 5,297,773.00
2019-06-30 2,141,278.00 11,949,627.00 4,253,561.00
2019-03-31 2,115,218.00 11,741,181.00 3,880,873.00
2018-12-31 2,109,953.00 11,692,766.00 3,963,975.00
2018-09-30 1,813,622.00 10,842,051.00 3,358,585.00
2018-06-30 1,032,330.00 5,250,635.00 1,432,365.00
2018-03-31 1,010,121.00 5,029,201.00 1,487,093.00
2017-12-31 993,995.00 4,970,018.00 1,222,363.00
2017-09-30 968,302.00 4,733,924.00 1,104,498.00
2017-06-30 938,756.00 4,383,883.00 885,301.00
2017-03-31 928,223.00 4,063,644.00 863,539.00
2016-12-31 912,844.00 3,924,700.00 872,668.00
2016-09-30 896,853.00 3,717,049.00 886,076.00
2016-06-30 874,150.00 3,886,255.00 968,302.00
2016-03-31 855,704.00 4,127,857.00 1,057,515.00
2015-12-31 840,424.00 4,220,170.00 922,822.00
2015-09-30 826,833.00 4,193,809.00 991,613.00
2015-06-30 776,618.00 3,654,440.00 764,625.00
2015-03-31 728,537.00 3,537,012.00 861,808.00
2014-12-31 723,457.00 3,522,445.00 609,374.00
2014-09-30 706,217.00 3,581,742.00 587,155.00
2014-06-30 684,646.00 3,314,993.00 614,452.00
2014-03-31 667,508.00 3,005,968.00 502,708.00
2013-12-31 652,106.00 2,755,907.00 492,554.00
2013-09-30 644,025.00 2,654,992.00 706,337.00
2013-06-30 628,011.00 2,552,656.00 520,023.00
2013-03-31 613,798.00 2,577,473.00 372,861.00
2012-12-31 605,277.00 2,373,322.00 487,252.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Scotiabank Chile has an acceptable proportion of non-loan assets held.
  • Scotiabank Chile's liabilities are made up of primarily higher risk sources of funding.
  • Scotiabank Chile has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Scotiabank Chile's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Scotiabank Chile has a low allowance for bad loans.
  • Scotiabank Chile has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Scotiabank Chile's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Scotiabank Chile has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SCOTIABKCL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.83%
Current annual income from Scotiabank Chile dividends.
If you bought CLP2,000 of Scotiabank Chile shares you are expected to receive CLP17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Scotiabank Chile's pays a lower dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Scotiabank Chile's dividend is below the markets top 25% of dividend payers in Chile (5.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:SCOTIABKCL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Chile Banks Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.1%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 4%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.9%
Chile Bottom 25% Dividend Yield 25th Percentile 2.1%
Chile Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:SCOTIABKCL Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-04-11 2.818 0.787
2019-02-27 2.818 0.760
2018-08-02 6.020 1.698
2018-02-22 6.020 2.644
2017-02-16 6.041 4.808
2016-11-02 4.453 3.548
2016-02-16 4.453 3.548
2015-02-17 5.914 4.712
2014-11-13 3.804 3.031
2014-08-01 3.804 3.031
2014-02-18 3.804 3.071
2013-02-20 3.000 2.403
2012-10-30 4.127 3.301
2012-07-30 4.127 3.301
2012-02-28 4.127 3.301
2011-11-02 4.187 3.349
2011-08-01 4.187 3.349
2011-02-28 4.187 3.349
2010-03-31 0.000 0.000
2010-03-08 1.163 0.930
2009-09-30 0.000 0.000
2009-08-18 0.000 0.000
2009-06-03 0.000 0.000
2009-01-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Scotiabank Chile is not paying a notable dividend for Chile, therefore no need to check if the payments are stable.
  • Scotiabank Chile is not paying a notable dividend for Chile, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Scotiabank Chile's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Scotiabank Chile's dividends as it is not paying a notable one for Chile.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Scotiabank Chile's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Scotiabank Chile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Scotiabank Chile has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SCOTIABKCL Management

 What is the CEO of Scotiabank Chile's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Francisco Javier Sardón De Taboada
CEO Bio

Mr. Francisco Javier Sardon 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 President of the Board of Scotia Administradora General de Fondos Chile S.A., Scotia Corredores de Seguros Chile Ltda. and CAT Administradora de Tarjetas S.A. Francisco joined Scotiabank in 2004 and has held a number of senior executive roles across Peru and Chile. He was, most recently, Senior Vice President, CEO & Country Head Scotiabank Chile from August 2013 to November 2017. He is Board Member of the Chilean Banking Association, as well as member of its CEO´s Committee. As Executive Vice President and Country Head of Chile, Francisco is responsible for overseeing all of Chile’s personal, small business and commercial banking operations. Throughout his career in Scotiabank, he has also held important roles in the industry as Board Member of Profuturo Administradora de Pensiones in Peru, the Canadian-Peruvian Chamber of Commerce and Instituto Peruano de Acción Empresarial (IPAE). Prior to joining Scotiabank, Francisco was Senior Vice President, CEO & Country Head of Standard Chartered Bank Peru, Board Member of the Peruvian Banking Association, member of its CEO´s Committee and Chief Financial Officer of Banco Financiero. He has also sat on the Boards of Transbank, Redbanc and Nexus, the three largest payment and transaction networks in Chile. Francisco Sardon holds a Law Degree from Universidad Católica Santa María from Peru, he has a DPA in Business Administration from Universidad Adolfo Ibañez from Chile and he is graduated from the Advanced Management Program (AMP) at Harvard Business School from USA from 1985 to 1990.

CEO Compensation
  • Insufficient data for Francisco Javier to compare compensation growth.
  • Insufficient data for Francisco Javier to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Scotiabank Chile management team in years:

1.8
Average Tenure
  • The average tenure for the Scotiabank Chile management team is less than 2 years, this suggests a new team.
Management Team

Francisco Javier Sardón De Taboada

TITLE
CEO & Country Head

María Victoria Doberti

TITLE
Senior Vice President of Finance
TENURE
3.8 yrs

Eduardo Meynet Biancardi

TITLE
Vice President of Operations & Shared Services
TENURE
1.3 yrs

Juan Antonio M. Vargas

TITLE
Accounting Manager

Danilo Gonzalez

TITLE
Vice President of System & Technology
TENURE
1.3 yrs

Adam Borgatti

TITLE
Investor Relations

Artus Jacqueline Balbontin

TITLE
Vice President of HR & Corporate Affairs
TENURE
1.8 yrs

Stephen Guthrie

TITLE
Senior Vice President of Corporate Banking & Commercial Banking Division
TENURE
1.8 yrs

Edgar Aragón

TITLE
Senior Vice-President of Risk

Ana Paula Aleixo

TITLE
Head of Sustainability and Corporate Social Responsibility
Board of Directors Tenure

Average tenure and age of the Scotiabank Chile board of directors in years:

1.8
Average Tenure
60.5
Average Age
  • The average tenure for the Scotiabank Chile board of directors is less than 3 years, this suggests a new board.
Board of Directors

José Said Saffie

TITLE
President of the Board of Directors
TENURE
1.8 yrs

Manuel José Vial Vial

TITLE
Vice president of the Board of Directors
AGE
66
TENURE
1.8 yrs

John Mayberry

TITLE
Chairman of Scotiabank
AGE
74

Sergio Concha Munilla

TITLE
Independent Director
TENURE
10.3 yrs

Fernanda Vicente Mendoza

TITLE
Director
TENURE
2.6 yrs

Ignacio Deschamps González

TITLE
Director
AGE
55
TENURE
1.8 yrs

Jaime Said Handal

TITLE
Director
TENURE
1.8 yrs

Ernesto Mario Viola

TITLE
Director
TENURE
1.8 yrs

Salvador Said Somavia

TITLE
Director
TENURE
1.8 yrs

Gonzalo Said Handal

TITLE
Director
AGE
55
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CLP) Value (CLP)
X
Management checks
We assess Scotiabank Chile's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Scotiabank Chile has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SCOTIABKCL News

Simply Wall St News

SCOTIABKCL Company Info

Description

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 company also provides consumer, automotive, and mortgage credits; and credit lines and credit cards. In addition, it offers insurance products, such as automotive, RCI, travel, transportation, and general insurance. Further, the company provides mutual funds, commercial credit, line of credit, factoring, leasing, foreign trade, and cash management services. Scotiabank Chile, S.A. operates through a network of 169 branches located in Arica and Punta Arenas. The company was founded in 1990 and is based in Santiago, Chile.

Details
Name: Scotiabank Chile, S.A.
SCOTIABKCL
Exchange: SNSE
Founded: 1990
CLP3,913,261,154,200
11,509,591,630
Website: http://www.scotiabankchile.cl
Address: Scotiabank Chile, S.A.
Avenida Costanera Sur n ° 2710,
Torre A,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE SCOTIABKCL Common Shares Santiago Stock Exchange CL CLP 09. Jan 1995
Number of employees
Current staff
Staff numbers
5,810
Scotiabank Chile employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:02
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.