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Earnings transcript
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RY
Royal Bank of Canada
$201.56
0.86
(0.43%)
| Exchange: | NYSE |
| Market Cap: | 281.501B |
| Shares Outstanding: | 1.27B |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Diversified | |||||
| CEO: | David I. McKay | |||||
| Full Time Employees: | 94624 | |||||
| Address: |
| |||||
| Website: | https://www.rbc.com |
Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Its Personal & Commercial Banking division caters to individual clients by providing essential services like checking and savings accounts, various lending options (including mortgages, personal loans, and auto financing), private banking, investment vehicles such as mutual funds and guaranteed investment certificates (GICs), along with credit cards and payment solutions. For small and medium-sized commercial enterprises, this segment delivers a suite of services including financing, leasing, deposit management, foreign exchange, cash management, auto dealer financing, and trade solutions. These offerings are readily accessible through its extensive network of branches, ATMs, and mobile platforms. The Wealth Management segment specializes in delivering bespoke, advice-driven strategies and solutions to affluent and ultra-affluent individuals, as well as institutional investors. Through its Insurance arm, RBC offers a broad spectrum of protection and advisory services. These encompass life, health, home, auto, travel, wealth, annuities, and reinsurance, alongside comprehensive business insurance options. Clients, whether individuals, businesses, or groups, can access these services via advice centers, dedicated RBC insurance stores, mobile advisors, diverse digital and social platforms, independent brokers, and travel alliances. The Investor & Treasury Services division supports financial institutions and other investors with critical asset servicing, custody, payment processing, and treasury functions. It further extends its expertise to include fund and investment administration, shareholder services, private capital solutions, performance measurement, compliance oversight, distribution support, transaction banking, robust cash and liquidity management, foreign exchange capabilities, and global securities financing. Finally, the Capital Markets segment provides extensive corporate and investment banking solutions. This includes the origination and distribution of equity and debt instruments, strategic advisory services, and comprehensive sales and trading capabilities. Its clientele spans corporations, institutional investors, asset managers, private equity firms, and governmental entities.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 113,453,000 | 134,489,000 | 137,357,000 |
| Gross Profit | 49,123,000 | 54,259,000 | 62,170,000 |
| EBITDA | 21,037,000 | 22,843,000 | 28,730,000 |
| Operating Income | 18,183,000 | 19,862,000 | 25,651,000 |
| Net Income | 14,605,000 | 16,230,000 | 20,362,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,006,531,000 | 2,171,582,000 | 2,325,006,000 |
| Total Liabilities | 1,891,384,000 | 2,044,390,000 | 2,185,855,000 |
| Total Stockholders Equity | 115,048,000 | 127,089,000 | 139,092,000 |
| Total Debt | 774,589,000 | 779,523,000 | 834,955,000 |
| Cash and Cash Equivalents | 133,075,000 | 122,743,000 | 87,388,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 26,079,000 | 23,139,000 | 55,220,000 |
| Capital Expenditure | -2,730,000 | -2,280,000 | -2,243,000 |
| Free Cash Flow | 23,349,000 | 20,859,000 | 52,977,000 |
| Net Income | 14,612,000 | 16,240,000 | 20,369,000 |
| Net Change in Cash | -10,408,000 | -5,266,000 | -19,699,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 75,825,286.781 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 78,016,873.889 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 76,881,457.404 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 19,830,460.980 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 20,403,623.107 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 20,106,679.524 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 25,580,335.234 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 26,545,514.937 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 26,062,925.086 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 16,976,777.243 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 17,467,459.016 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 17,213,246.819 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 18.480 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 18.830 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 18.150 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Q1 2025 earnings of $5.1 billion demonstrate robust net income generation and operational scale in the financial sector.
- Strong profitability indicators, including high ROE and ROIC alongside consistent dividend payouts, support shareholder value creation.
- Diversified revenue streams across product segments and geographic regions provide resilience, reinforced by average trading volumes and market capitalization.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates RY intrinsic value between $136.30 – $216.73 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about RY valuation
Is Royal Bank of Canada (RY) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Royal Bank of Canada (RY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RY a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RY’s P/E ratio?
You can see RY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RY?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RY a good long-term investment?
Whether RY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RY
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.43
Trading Metrics:
| Open: | 201.4 | Previous Close: | 200.7 | |
| Day Low: | 200.45 | Day High: | 202.6 | |
| Year Low: | 126.02 | Year High: | 202.9 | |
| Price Avg 50: | 184.36 | Price Avg 200: | 164.87 | |
| Volume: | 2.238M | Average Volume: | 1.542M |
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Hey everyone, welcome back to the channel where we break down stocks like we're chatting over coffee about where to put your hard-earned money. Today we're diving deep into Royal Bank of Canada, ticker RY, one of the biggest names in global banking with a market cap over 270 billion dollars. Let's kick things off with a quick overview of where this company stands right now. Shares are trading around 195 dollars, up nicely over the past year with a…
