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
- FN had positive earnings in the past year.
- In the past year FN had a positive cash flow from operations.
- In the past 5 years FN has always been profitable.
- In the past 5 years FN reported 4 times negative operating cash flow.
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.
- Looking at the Return On Equity, with a value of 24.60%, FN belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
- FN has a worse Return On Invested Capital (0.35%) than 89.29% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for FN is significantly below the industry average of 6.74%.
| 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
- The Profit Margin of FN (7.95%) is worse than 67.86% of its industry peers.
- In the last couple of years the Profit Margin of FN has declined.
- 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.
- In the last couple of years the Gross Margin of FN 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. FN.CA Health Analysis
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.
- Compared to 5 years ago, FN has about the same amount of shares outstanding.
- 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.
- Looking at the Altman-Z score, with a value of -0.01, FN is doing worse than 85.71% of the companies in the same industry.
- 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 has a Debt to FCF ratio of 184.75. This is in the lower half of the industry: FN underperforms 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.
- FN has a Debt to Equity ratio of 71.28. This is amonst the worse of the industry: FN underperforms 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
- FN has a Current 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.
- 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.
- 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.
- The Quick ratio of FN (0.05) is worse than 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%.
- FN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.03% yearly.
- FN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.85%.
- FN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.82% yearly.
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 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.25% yearly.
- 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.
- 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
- The Price/Earnings ratio is 15.68, which indicates a correct valuation of FN.
- Based on the Price/Earnings ratio, FN is valued a bit cheaper than 67.86% of the companies in the same industry.
- FN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 11.83, the valuation of FN can be described as very reasonable.
- FN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FN is cheaper than 71.43% of the companies in the same industry.
- FN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 11.83 |
4.2 Price Multiples
- 71.43% of the companies in the same industry are more expensive than FN, based on the Enterprise Value to EBITDA ratio.
- 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. 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.
- Compared to an average industry Dividend Yield of 4.77, FN is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, FN pays a better dividend.
| 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 Number29.28
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 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.
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%.