Royal Bank Of Canada

Royal Bank Of Canada

RY

Market Cap$168.84B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Royal Bank Of CanadaRoyal Bank Of Canada14.93.34%13%1.53.8

Earnings Call Q4 2024

December 4, 2024 - AI Summary

Fourth Quarter Earnings Performance: RBC reported fourth quarter earnings of $4.2 billion, with adjusted earnings up 18% year-over-year to $4.4 billion, despite a $318 million contribution from the acquisition of HSBC Canada. This performance showcases strong client activity and market appreciation across business segments, leading to all-bank operating leverage of 7%.
Capital Position and Shareholder Returns: RBC ended the fiscal year with a Common Equity Tier 1 (CET1) ratio of 13.2%, reflecting $5 billion of excess capital above the 12.5% requirement. A dividend increase of $0.06 or 4% was announced, indicating a commitment to returning capital to shareholders. The bank is cautious on stock buybacks amid market volatility but indicated a willingness to use them opportunistically.
Macroeconomic Outlook and Credit Losses: The bank anticipates ongoing challenges in the Canadian economy, highlighted by weaker consumer spending and rising unemployment. There is an expectation for increased credit losses due to a higher interest rate environment, with projections indicating a credit loss ratio in the mid-30s basis points for 2025, peaking in the second half of the year.

Exclusive for Stockcircle Pro members

Sign upSign Up
$193.00

Target Price by Analysts

61.8% upsideRoyal Bank Of Canada Target Price DetailsTarget Price
$44.77

Current Fair Value

62.5% downside

Overvalued by 62.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$168.84 Billion
Enterprise Value$522.69 Billion
Dividend Yield$4.09125 (3.34428537901901%)
Earnings per Share$10.96
Beta0.84
Outstanding Shares1,450,809,061

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio14.85
PEG681.34
Price to Sales1.51
Price to Book Ratio1.37
Enterprise Value to Revenue4.56
Enterprise Value to EBIT-611.34
Enterprise Value to Net Income32
Total Debt to Enterprise0.91
Debt to Equity3.75

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Royal Bank Of Canada

CEO: David McKay