WallStSmart

National Bank Holdings Corporation (NBHC)vsRoyal Bank of Canada (RY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Royal Bank of Canada generates 14748% more annual revenue ($67.15B vs $452.27M). RY leads profitability with a 33.9% profit margin vs 21.8%. NBHC appears more attractively valued with a PEG of 1.57. RY earns a higher WallStSmart Score of 66/100 (B-).

NBHC

Buy

61

out of 100

Grade: C+

Growth: 6.0Profit: 6.5Value: 5.7Quality: 7.0
Piotroski: 5/9Altman Z: -0.02

RY

Strong Buy

66

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 5.7Quality: 5.0
Piotroski: 4/9Altman Z: -0.50

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NBHC6 strengths · Avg: 8.7/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Profit MarginProfitability
21.8%9/10

Keeps 22 of every $100 in revenue as profit

Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

P/E RatioValuation
17.4x8/10

Attractively priced relative to earnings

Operating MarginProfitability
28.6%8/10

Strong operational efficiency at 28.6%

Revenue GrowthGrowth
22.1%8/10

Revenue surging 22.1% year-over-year

RY5 strengths · Avg: 9.2/10
Market CapQuality
$281.45B10/10

Mega-cap, among the largest globally

Profit MarginProfitability
33.9%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
46.4%10/10

Strong operational efficiency at 46.4%

P/E RatioValuation
17.9x8/10

Attractively priced relative to earnings

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Areas to Watch

NBHC4 concerns · Avg: 3.0/10
PEG RatioValuation
1.574/10

Expensive relative to growth rate

Market CapQuality
$1.84B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
7.1%3/10

ROE of 7.1% — below average capital efficiency

EPS GrowthGrowth
-34.1%2/10

Earnings declined 34.1%

RY4 concerns · Avg: 2.3/10
PEG RatioValuation
2.264/10

Expensive relative to growth rate

Free Cash FlowQuality
$-28.67B2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.502/10

Distress zone — elevated risk

Debt/EquityHealth
2.881/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : NBHC

The strongest argument for NBHC centers on Price/Book, Profit Margin, Debt/Equity. Profitability is solid with margins at 21.8% and operating margin at 28.6%. Revenue growth of 22.1% demonstrates continued momentum.

Bull Case : RY

The strongest argument for RY centers on Market Cap, Profit Margin, Operating Margin. Profitability is solid with margins at 33.9% and operating margin at 46.4%.

Bear Case : NBHC

The primary concerns for NBHC are PEG Ratio, Market Cap, Return on Equity.

Bear Case : RY

The primary concerns for RY are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 2.88 is elevated, increasing financial risk.

Key Dynamics to Monitor

NBHC profiles as a growth stock while RY is a mature play — different risk/reward profiles.

RY carries more volatility with a beta of 0.92 — expect wider price swings.

NBHC is growing revenue faster at 22.1% — sustainability is the question.

NBHC generates stronger free cash flow (131M), providing more financial flexibility.

Bottom Line

RY scores higher overall (66/100 vs 61/100), backed by strong 33.9% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

National Bank Holdings Corporation

FINANCIAL SERVICES · BANKS - REGIONAL · USA

National Bank Holdings Corporation is the banking holding company for NBH Bank offering various banking products and financial services to commercial, commercial and consumer clients in the United States. The company is headquartered in Greenwood Village, Colorado.

Royal Bank of Canada

FINANCIAL SERVICES · BANKS - DIVERSIFIED · USA

Royal Bank of Canada is a globally diversified financial services company. The company is headquartered in Toronto, Canada.

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