FIRST NATIONAL FINANCIAL COR (FN.CA) Fundamental Analysis & Valuation
TSX:FN • CA33564P1036
Current stock price
47.98 CAD
-0.01 (-0.02%)
Last:
This FN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FN.CA Profitability Analysis
1.1 Basic Checks
- In the past year FN was profitable.
- In the past year FN had a positive cash flow from operations.
- 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
- Looking at the Return On Assets, with a value of 0.34%, FN is doing worse than 71.43% of the companies in the same industry.
- The Return On Equity of FN (24.60%) is better than 92.86% of its industry peers.
- With a Return On Invested Capital value of 0.35%, FN is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
- Measured over the past 3 years, the Average Return On Invested Capital for FN is significantly below the industry average of 7.30%.
| 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's Operating Margin of 11.01% is on the low side compared to the rest of the industry. FN is outperformed by 85.71% of its industry peers.
- In the last couple of years the Operating Margin of FN has declined.
- With a Gross Margin value of 25.03%, FN perfoms like the industry average, 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. FN.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FN is destroying value.
- Compared to 1 year ago, FN has about the same amount of shares outstanding.
- The number of shares outstanding for FN remains at a similar level compared to 5 years ago.
- Compared to 1 year ago, FN has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of -0.01, we must say that FN is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of -0.01, FN is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
- FN has a debt to FCF ratio of 184.75. This is a negative value and a sign of low solvency as FN would need 184.75 years to pay back of all of its debts.
- FN has a worse Debt to FCF ratio (184.75) than 67.86% of its industry peers.
- FN has a Debt/Equity ratio of 71.28. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of FN (71.28) is worse than 92.86% of its industry peers.
| 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.
- FN has a Current ratio of 0.05. This is in the lower half of the industry: FN underperforms 78.57% of its industry peers.
- FN has a Quick Ratio of 0.05. This is a bad value and indicates that FN is not financially healthy enough and could expect problems in meeting its short term obligations.
- FN's Quick ratio of 0.05 is on the low side compared to the rest of the industry. FN is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. FN.CA Growth Analysis
3.1 Past
- FN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.69%.
- The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
- FN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.85%.
- 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
- The Earnings Per Share is expected to grow by 7.25% on average over the next years.
- FN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.01% yearly.
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. FN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.68, FN is valued correctly.
- 67.86% of the companies in the same industry are more expensive than FN, based on the Price/Earnings ratio.
- FN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 11.83, which indicates a very decent valuation of FN.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FN indicates a somewhat cheap valuation: FN is cheaper than 71.43% of the companies listed in the same industry.
- FN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 11.83 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FN indicates a somewhat cheap valuation: FN is cheaper than 71.43% of the companies listed in the same industry.
- FN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FN is 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. FN.CA Dividend Analysis
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 5.71.
- FN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| 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
- FN pays out 99.34% of its income as dividend. 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%
FN.CA Fundamentals: All Metrics, Ratios and Statistics
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)07-29 2025-07-29/amc
Earnings (Next)11-04 2025-11-04
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 Number29.276 (-38.98%)
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 Fundamental Analysis 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.
What is the profitability of FN stock?
FIRST NATIONAL FINANCIAL COR (FN.CA) has a profitability rating of 2 / 10.
Can you provide the financial health for FN stock?
The financial health rating of FIRST NATIONAL FINANCIAL COR (FN.CA) is 0 / 10.
What is the earnings growth outlook for FIRST NATIONAL FINANCIAL COR?
The Earnings per Share (EPS) of FIRST NATIONAL FINANCIAL COR (FN.CA) is expected to grow by 2.15% in the next year.