FIRST NATIONAL FINANCIAL COR (FN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:FN - CA33564P1036 - Common Stock
47.98 CAD
-0.01 (-0.02%)
We assign a fundamental rating of 2 out of 10 to FN. FN was compared to 28 industry peers in the Financial Services industry. Both the profitability and financial health of FN have multiple concerns. FN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FN had positive earnings in the past year.
FN had a positive operating cash flow in the past year.
Each year in the past 5 years FN has been profitable.
FN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
FN's Return On Assets of 0.34% is on the low side compared to the rest of the industry. FN is outperformed by 71.43% of its industry peers.
FN has a Return On Equity of 24.60%. This is amongst the best in the industry. FN outperforms 92.86% of its industry peers.
FN's Return On Invested Capital of 0.35% is on the low side compared to the rest of the industry. FN is outperformed by 89.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FN is below the industry average of 5.21%.
| 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
Looking at the Profit Margin, with a value of 7.95%, FN is doing worse than 67.86% of the companies in the same industry.
FN's Profit Margin has declined in the last couple of years.
FN has a worse Operating Margin (11.01%) than 85.71% of its industry peers.
In the last couple of years the Operating Margin of FN has declined.
Looking at the Gross Margin, with a value of 25.03%, FN is in line with its industry, outperforming 53.57% of the companies in the same industry.
FN's Gross Margin has declined in the last couple of years.
| 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
FN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FN has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for FN remains at a similar level compared to 5 years ago.
The debt/assets ratio for FN is higher compared to a year ago.
2.2 Solvency
FN has an Altman-Z score of -0.01. This is a bad value and indicates that FN is not financially healthy and even has some risk of bankruptcy.
FN has a worse Altman-Z score (-0.01) than 85.71% of its industry peers.
The Debt to FCF ratio of FN is 184.75, which is on the high side as it means it would take FN, 184.75 years of fcf income to pay off all of its debts.
FN's Debt to FCF ratio of 184.75 is on the low side compared to the rest of the industry. FN is outperformed by 67.86% of its industry peers.
A Debt/Equity ratio of 71.28 is on the high side and indicates that FN has dependencies on debt financing.
With a Debt to Equity ratio value of 71.28, FN is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Altman-Z | -0.01 |
ROIC/WACC0.12
WACC2.89%
2.3 Liquidity
A Current Ratio of 0.05 indicates that FN may have some problems paying its short term obligations.
With a Current ratio value of 0.05, FN is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
A Quick Ratio of 0.05 indicates that FN may have some problems paying its short term obligations.
FN has a Quick ratio of 0.05. This is in the lower half of the industry: FN underperforms 78.57% 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 have decreased strongly by -19.69% in the last year.
Measured over the past 5 years, FN shows a small growth in Earnings Per Share. The EPS has been growing by 2.03% on average per year.
Looking at the last year, FN shows a quite strong growth in Revenue. The Revenue has grown by 8.85% in the last year.
Measured over the past years, FN shows a quite strong growth in Revenue. The Revenue has been growing by 10.82% on average per year.
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
Based on estimates for the next years, FN will show a small growth in Earnings Per Share. The EPS will grow by 7.25% on average per year.
The Revenue is expected to grow by 5.01% on average over the next years.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.68 indicates a correct valuation of FN.
67.86% of the companies in the same industry are more expensive than FN, based on the Price/Earnings ratio.
FN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.19.
Based on the Price/Forward Earnings ratio of 11.83, the valuation of FN can be described as reasonable.
71.43% of the companies in the same industry are more expensive than FN, based on the Price/Forward Earnings ratio.
FN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 11.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FN is valued a bit cheaper than 71.43% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FN is valued cheaper than 89.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.99 | ||
| EV/EBITDA | 191.17 |
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)7.29
PEG (5Y)7.71
EPS Next 2Y10.19%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
FN has a Yearly Dividend Yield of 3.24%. Purely for dividend investing, there may be better candidates out there.
FN's Dividend Yield is slightly below the industry average, which is at 5.70.
FN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
5.2 History
The dividend of FN has a limited annual growth rate of 4.25%.
FN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.25%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
99.34% of the earnings are spent on dividend by FN. This is not a sustainable payout ratio.
FN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP99.34%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
TSX:FN (10/23/2025, 7:00:00 PM)
47.98
-0.01 (-0.02%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners3.8%
Inst Owner ChangeN/A
Ins Owners59.79%
Ins Owner ChangeN/A
Market Cap2.88B
Revenue(TTM)2.31B
Net Income(TTM)183.66M
Analysts40
Price Target48.96 (2.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
Yearly Dividend3.02
Dividend Growth(5Y)4.25%
DP99.34%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0%
PT rev (3m)17.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 11.83 | ||
| P/S | 1.25 | ||
| P/FCF | 9.99 | ||
| P/OCF | 9.93 | ||
| P/B | 3.85 | ||
| P/tB | 4.01 | ||
| EV/EBITDA | 191.17 |
EPS(TTM)3.06
EY6.38%
EPS(NY)4.06
Fwd EY8.45%
FCF(TTM)4.8
FCFY10.01%
OCF(TTM)4.83
OCFY10.07%
SpS38.53
BVpS12.45
TBVpS11.95
PEG (NY)7.29
PEG (5Y)7.71
Graham Number29.28
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%
ROICexgc growth 3Y-4.65%
ROICexgc 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 | -0.01 |
F-Score5
WACC2.89%
ROIC/WACC0.12
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-98.27%
EBIT Next 3Y-72.17%
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
FIRST NATIONAL FINANCIAL COR / FN.CA FAQ
Can you provide the ChartMill fundamental rating for FIRST NATIONAL FINANCIAL COR?
ChartMill assigns a fundamental rating of 2 / 10 to FN.CA.
What is the valuation status of FIRST NATIONAL FINANCIAL COR (FN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to FIRST NATIONAL FINANCIAL COR (FN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for FIRST NATIONAL FINANCIAL COR?
FIRST NATIONAL FINANCIAL COR (FN.CA) has a profitability rating of 2 / 10.
How financially healthy is FIRST NATIONAL FINANCIAL COR?
The financial health rating of FIRST NATIONAL FINANCIAL COR (FN.CA) is 0 / 10.
How sustainable is the dividend of FIRST NATIONAL FINANCIAL COR (FN.CA) stock?
The dividend rating of FIRST NATIONAL FINANCIAL COR (FN.CA) is 4 / 10 and the dividend payout ratio is 99.34%.