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BNS Split II (TSX:BSC.PR.C.PFD) Owner Earnings per Share (TTM) : 0.00 (As of Sep. 2018)


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What is BNS Split II Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

BNS Split II does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for BNS Split II's Owner Earnings per Share (TTM) or its related term are showing as below:



TSX:BSC.PR.C.PFD's Price-to-Owner-Earnings is not ranked *
in the Asset Management industry.
Industry Median: 11.67
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

BNS Split II's Earnings per Share (Diluted) for the six months ended in Mar. 2020 was C$0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2020 was C$0.00. It's PE Ratio ratio for today is N/A.

BNS Split II's EPS without NRI for the six months ended in Mar. 2020 was C$0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2020 was C$0.00. It's PE Ratio without NRI ratio for today is N/A.


BNS Split II Owner Earnings per Share (TTM) Historical Data

The historical data trend for BNS Split II's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BNS Split II Owner Earnings per Share (TTM) Chart

BNS Split II Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Owner Earnings per Share (TTM)
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BNS Split II Semi-Annual Data
Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
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Competitive Comparison of BNS Split II's Owner Earnings per Share (TTM)

For the Asset Management subindustry, BNS Split II's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BNS Split II's Price-to-Owner-Earnings Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNS Split II's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where BNS Split II's Price-to-Owner-Earnings falls into.



BNS Split II Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

BNS Split II does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


BNS Split II Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of BNS Split II's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


BNS Split II (TSX:BSC.PR.C.PFD) Business Description

Traded in Other Exchanges
N/A
Address
150 King Street West, 18th Floor, Toronto, ON, CAN, M5H 1J9
BNS Split Corp II is a Canada based company. It holds a portfolio consisting of common shares of the Bank of Nova Scotia in order to generate income for the holders of the company's preferred shares and to enable the holders of the company's capital shares to participate in any capital appreciation in the BNS shares. The company receives maximum revenue in the form of dividend income.

BNS Split II (TSX:BSC.PR.C.PFD) Headlines

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