Manifest Investing

Company	Ticker	Sector \| Industry	Quality	PAR
Bank of Nova Scotia	BNS-TO	Financials \| Banks (Global)	94	11.0%

Current Price (02/27)			$71.42

Expected Income Statement
Current Book Value			52.33
Book Value Growth Forecast			7.6%
Return on Equity			12.1%

Projected Shares Outstanding			1,240.00
EPS - Five year Forecast			$9.12
Average P/E Ratio			11.0
Projected Average Price			$100.35

Price Appreciation (Annualized)			7.0%
Annual Dividend Yield			4.0%
Projected Annual Return			11.0%

Quality
Financial Strength			93	23.2
EPS Stability			87	21.9
Industry Book Value Growth Rate			6.0%	15.8
Industry Return on Equity			11.5%	13.2
Calculated Quality Rating			74.0


Fundamental Data Updated: 02/07/2020

MIPAR	10.8%
Sweet Spot	15.8% - 20.8%

Quality Legend:
Blue	Excellent with quality greater than 80.
Green	Good with quality between 60 and 80.
Neutral	Average or below average with quality between 20 and 60.
Red	Poor with quality less than 20.
Companies with less than 10 years of history are penalized by 5 points per year.
PAR Legend:
Green	PAR is within the target range of MIPAR +5-10%, currently 15.8%-20.8%
Yellow	PAR is above the target range of MIPAR +10%, currently 20.8%
PAR	Projected Annual Return
MIPAR	The Manifest Investing Median PAR of all stocks in the database.
Company Name Legend:
*	Not covered by Value Line Standard Edition.
b	Uses price-to-book value for valuation purposes.
P/CF	Uses price-to-cash flow for valuation.