FIRST NATIONAL FINANCIAL - FNCN 4.57 PERP (FN-PR-B.CA) Stock Fundamental Analysis
Canada - TSX:FN-PR-B - CA33564P3016
21 CAD
+0.07 (+0.33%)
Taking everything into account, FN-PR-B scores 3 out of 10 in our fundamental rating. FN-PR-B was compared to 28 industry peers in the Financial Services industry. FN-PR-B may be in some trouble as it scores bad on both profitability and health. FN-PR-B may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year FN-PR-B was profitable.
FN-PR-B had a positive operating cash flow in the past year.
Each year in the past 5 years FN-PR-B has been profitable.
In the past 5 years FN-PR-B reported 4 times negative operating cash flow.
1.2 Ratios
The Return On Assets of FN-PR-B (0.34%) is worse than 67.86% of its industry peers.
FN-PR-B's Return On Equity of 24.60% is amongst the best of the industry. FN-PR-B outperforms 96.43% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.35%, FN-PR-B is doing worse than 85.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FN-PR-B is below the industry average of 5.12%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 24.6% | ||
| ROIC | 0.35% |
ROA(3y)0.46%
ROA(5y)0.46%
ROE(3y)29.54%
ROE(5y)30.93%
ROIC(3y)0.47%
ROIC(5y)0.47%
1.3 Margins
FN-PR-B has a worse Profit Margin (7.95%) than 64.29% of its industry peers.
In the last couple of years the Profit Margin of FN-PR-B has declined.
The Operating Margin of FN-PR-B (11.01%) is worse than 82.14% of its industry peers.
FN-PR-B's Operating Margin has declined in the last couple of years.
FN-PR-B's Gross Margin of 25.03% is in line compared to the rest of the industry. FN-PR-B outperforms 57.14% of its industry peers.
In the last couple of years the Gross Margin of FN-PR-B has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.01% | ||
| PM (TTM) | 7.95% | ||
| GM | 25.03% |
OM growth 3Y-12.95%
OM growth 5Y-7.29%
PM growth 3Y-13.2%
PM growth 5Y-7.28%
GM growth 3Y-10.39%
GM growth 5Y-2.89%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FN-PR-B is destroying value.
FN-PR-B has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for FN-PR-B remains at a similar level compared to 5 years ago.
FN-PR-B has a worse debt/assets ratio than last year.
2.2 Solvency
FN-PR-B has an Altman-Z score of -0.03. This is a bad value and indicates that FN-PR-B is not financially healthy and even has some risk of bankruptcy.
FN-PR-B's Altman-Z score of -0.03 is on the low side compared to the rest of the industry. FN-PR-B is outperformed by 89.29% of its industry peers.
The Debt to FCF ratio of FN-PR-B is 184.75, which is on the high side as it means it would take FN-PR-B, 184.75 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 184.75, FN-PR-B is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
A Debt/Equity ratio of 71.28 is on the high side and indicates that FN-PR-B has dependencies on debt financing.
FN-PR-B has a worse Debt to Equity ratio (71.28) than 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Altman-Z | -0.03 |
ROIC/WACC0.14
WACC2.5%
2.3 Liquidity
FN-PR-B has a Current Ratio of 0.05. This is a bad value and indicates that FN-PR-B is not financially healthy enough and could expect problems in meeting its short term obligations.
FN-PR-B has a worse Current ratio (0.05) than 75.00% of its industry peers.
FN-PR-B has a Quick Ratio of 0.05. This is a bad value and indicates that FN-PR-B is not financially healthy enough and could expect problems in meeting its short term obligations.
FN-PR-B has a Quick ratio of 0.05. This is in the lower half of the industry: FN-PR-B underperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The earnings per share for FN-PR-B have decreased strongly by -19.69% in the last year.
Measured over the past 5 years, FN-PR-B shows a small growth in Earnings Per Share. The EPS has been growing by 2.03% on average per year.
The Revenue has grown by 8.85% in the past year. This is quite good.
The Revenue has been growing by 10.82% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.69%
EPS 3Y1.44%
EPS 5Y2.03%
EPS Q2Q%16.85%
Revenue 1Y (TTM)8.85%
Revenue growth 3Y16.71%
Revenue growth 5Y10.82%
Sales Q2Q%23.39%
3.2 Future
FN-PR-B is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.25% yearly.
Based on estimates for the next years, FN-PR-B will show a small growth in Revenue. The Revenue will grow by 5.01% on average per year.
EPS Next Y2.15%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
EPS Next 5YN/A
Revenue Next Year6.11%
Revenue Next 2Y7.29%
Revenue Next 3Y5.01%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 6.86, the valuation of FN-PR-B can be described as very cheap.
92.86% of the companies in the same industry are more expensive than FN-PR-B, based on the Price/Earnings ratio.
FN-PR-B is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.18 indicates a rather cheap valuation of FN-PR-B.
Based on the Price/Forward Earnings ratio, FN-PR-B is valued cheaper than 96.43% of the companies in the same industry.
FN-PR-B is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.86 | ||
| Fwd PE | 5.18 |
4.2 Price Multiples
FN-PR-B's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FN-PR-B is cheaper than 75.00% of the companies in the same industry.
89.29% of the companies in the same industry are more expensive than FN-PR-B, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.37 | ||
| EV/EBITDA | 185.11 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.19
PEG (5Y)3.37
EPS Next 2Y10.19%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
FN-PR-B has a Yearly Dividend Yield of 5.19%, which is a nice return.
FN-PR-B's Dividend Yield is slightly below the industry average, which is at 6.71.
FN-PR-B's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
5.2 History
The dividend of FN-PR-B has a limited annual growth rate of 4.25%.
FN-PR-B has paid a dividend for at least 10 years, which is a reliable track record.
FN-PR-B has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.25%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
FN-PR-B pays out 99.34% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FN-PR-B is growing, but earnings are growing more, so the dividend growth is sustainable.
DP99.34%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
FIRST NATIONAL FINANCIAL - FNCN 4.57 PERP
TSX:FN-PR-B (9/12/2025, 7:00:00 PM)
21
+0.07 (+0.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners3.88%
Inst Owner ChangeN/A
Ins Owners71.46%
Ins Owner ChangeN/A
Market Cap1.26B
Analysts40
Price Target21.29 (1.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
Yearly Dividend3.02
Dividend Growth(5Y)4.25%
DP99.34%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-21.25%
Min EPS beat(2)-51.46%
Max EPS beat(2)8.96%
EPS beat(4)2
Avg EPS beat(4)-19.04%
Min EPS beat(4)-51.46%
Max EPS beat(4)8.96%
EPS beat(8)3
Avg EPS beat(8)-5.78%
EPS beat(12)5
Avg EPS beat(12)2.58%
EPS beat(16)7
Avg EPS beat(16)2.11%
Revenue beat(2)1
Avg Revenue beat(2)-4.35%
Min Revenue beat(2)-18.02%
Max Revenue beat(2)9.31%
Revenue beat(4)2
Avg Revenue beat(4)-5.71%
Min Revenue beat(4)-18.02%
Max Revenue beat(4)9.31%
Revenue beat(8)4
Avg Revenue beat(8)16%
Revenue beat(12)8
Avg Revenue beat(12)40.65%
Revenue beat(16)12
Avg Revenue beat(16)52.39%
PT rev (1m)15.1%
PT rev (3m)24.71%
EPS NQ rev (1m)-4.62%
EPS NQ rev (3m)-12.54%
EPS NY rev (1m)-16.28%
EPS NY rev (3m)-16.28%
Revenue NQ rev (1m)3.7%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.32%
Revenue NY rev (3m)2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.86 | ||
| Fwd PE | 5.18 | ||
| P/S | 0.55 | ||
| P/FCF | 4.37 | ||
| P/OCF | 4.35 | ||
| P/B | 1.69 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 185.11 |
EPS(TTM)3.06
EY14.57%
EPS(NY)4.06
Fwd EY19.31%
FCF(TTM)4.8
FCFY22.87%
OCF(TTM)4.83
OCFY23%
SpS38.53
BVpS12.45
TBVpS11.95
PEG (NY)3.19
PEG (5Y)3.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 24.6% | ||
| ROCE | 0.52% | ||
| ROIC | 0.35% | ||
| ROICexc | 0.35% | ||
| ROICexgc | 0.35% | ||
| OM | 11.01% | ||
| PM (TTM) | 7.95% | ||
| GM | 25.03% | ||
| FCFM | 12.47% |
ROA(3y)0.46%
ROA(5y)0.46%
ROE(3y)29.54%
ROE(5y)30.93%
ROIC(3y)0.47%
ROIC(5y)0.47%
ROICexc(3y)0.47%
ROICexc(5y)0.47%
ROICexgc(3y)0.47%
ROICexgc(5y)0.47%
ROCE(3y)0.7%
ROCE(5y)0.71%
ROICexcg growth 3Y-4.65%
ROICexcg growth 5Y-3.34%
ROICexc growth 3Y-4.64%
ROICexc growth 5Y-3.34%
OM growth 3Y-12.95%
OM growth 5Y-7.29%
PM growth 3Y-13.2%
PM growth 5Y-7.28%
GM growth 3Y-10.39%
GM growth 5Y-2.89%
F-Score5
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Debt/EBITDA | 199.55 | ||
| Cap/Depr | 13.55% | ||
| Cap/Sales | 0.07% | ||
| Interest Coverage | 0.17 | ||
| Cash Conversion | 108.63% | ||
| Profit Quality | 156.82% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | -0.03 |
F-Score5
WACC2.5%
ROIC/WACC0.14
Cap/Depr(3y)54.65%
Cap/Depr(5y)111.75%
Cap/Sales(3y)0.43%
Cap/Sales(5y)0.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.69%
EPS 3Y1.44%
EPS 5Y2.03%
EPS Q2Q%16.85%
EPS Next Y2.15%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
EPS Next 5YN/A
Revenue 1Y (TTM)8.85%
Revenue growth 3Y16.71%
Revenue growth 5Y10.82%
Sales Q2Q%23.39%
Revenue Next Year6.11%
Revenue Next 2Y7.29%
Revenue Next 3Y5.01%
Revenue Next 5YN/A
EBIT growth 1Y-19.24%
EBIT growth 3Y1.6%
EBIT growth 5Y2.74%
EBIT Next Year-98.05%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y12.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.58%
OCF growth 3YN/A
OCF growth 5YN/A