The Bank of Nova Scotia BNS.TO TSX

The Bank of Nova Scotia (BNS.TO) generated $10.49B in operating cash flow for fiscal year 2025. After capital expenditures of $347M, free cash flow was $10.14B.

Free cash flow margin was 13.9% of revenue. Cash conversion ratio was 1.35x, indicating earnings are backed by cash.

The company returned $5.37B in dividends and $2.58B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (66/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (55/100) — Cash conversion ratio was 1.35x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 56/100 with 2/7 criteria passed.