FNM SPA (FNM.MI) Stock Fundamental Analysis
BIT:FNM - Euronext Milan - IT0000060886 - Common Stock - Currency: EUR
FNM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 12 industry peers in the Ground Transportation industry. FNM scores excellent on profitability, but there are some minor concerns on its financial health. FNM is valued quite cheap, while showing a decent growth score. This is a good combination! Finally FNM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FNM was profitable.
FNM had a positive operating cash flow in the past year.
In the past 5 years FNM has always been profitable.
Each year in the past 5 years FNM had a positive operating cash flow.
1.2 Ratios
FNM's Return On Assets of 4.98% is amongst the best of the industry. FNM outperforms 83.33% of its industry peers.
Looking at the Return On Equity, with a value of 31.67%, FNM belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 22.83%, FNM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
FNM had an Average Return On Invested Capital over the past 3 years of 12.09%. This is significantly above the industry average of 6.88%.
The 3 year average ROIC (12.09%) for FNM is below the current ROIC(22.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 31.67% | ||
| ROIC | 22.83% |
ROA(3y)3.12%
ROA(5y)2.85%
ROE(3y)22.21%
ROE(5y)15.78%
ROIC(3y)12.09%
ROIC(5y)10.36%
1.3 Margins
The Profit Margin of FNM (9.63%) is better than 75.00% of its industry peers.
FNM's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 37.84%, FNM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of FNM has grown nicely.
Looking at the Gross Margin, with a value of 96.07%, FNM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
FNM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.84% | ||
| PM (TTM) | 9.63% | ||
| GM | 96.07% |
OM growth 3Y16.88%
OM growth 5Y14.36%
PM growth 3Y10.06%
PM growth 5Y2.29%
GM growth 3Y0.76%
GM growth 5Y0.53%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), FNM is creating value.
FNM has about the same amout of shares outstanding than it did 1 year ago.
FNM has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for FNM has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.32, we must say that FNM is in the distress zone and has some risk of bankruptcy.
FNM has a Altman-Z score (1.32) which is in line with its industry peers.
FNM has a debt to FCF ratio of 8.16. This is a slightly negative value and a sign of low solvency as FNM would need 8.16 years to pay back of all of its debts.
With a Debt to FCF ratio value of 8.16, FNM perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
A Debt/Equity ratio of 2.65 is on the high side and indicates that FNM has dependencies on debt financing.
FNM's Debt to Equity ratio of 2.65 is on the low side compared to the rest of the industry. FNM is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Altman-Z | 1.32 |
ROIC/WACC6.84
WACC3.34%
2.3 Liquidity
A Current Ratio of 1.05 indicates that FNM should not have too much problems paying its short term obligations.
FNM has a Current ratio of 1.05. This is comparable to the rest of the industry: FNM outperforms 58.33% of its industry peers.
A Quick Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
FNM has a Quick ratio (1.03) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
FNM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.49%.
The Earnings Per Share has been growing by 23.20% on average over the past years. This is a very strong growth
FNM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.82%.
FNM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.45% yearly.
EPS 1Y (TTM)2.49%
EPS 3Y49.53%
EPS 5Y23.2%
EPS Q2Q%3.77%
Revenue 1Y (TTM)16.82%
Revenue growth 3Y35.86%
Revenue growth 5Y20.45%
Sales Q2Q%31.96%
3.2 Future
Based on estimates for the next years, FNM will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.27% on average per year.
The Revenue is expected to grow by 4.54% on average over the next years.
EPS Next Y52.17%
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
EPS Next 5Y10.27%
Revenue Next Year0.42%
Revenue Next 2Y3.77%
Revenue Next 3Y4.19%
Revenue Next 5Y4.54%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
A Price/Earnings ratio of 1.55 indicates a rather cheap valuation of FNM.
100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Earnings ratio.
FNM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.19.
Based on the Price/Forward Earnings ratio of 3.20, the valuation of FNM can be described as very cheap.
100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FNM to the average of the S&P500 Index (35.33), we can say FNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.55 | ||
| Fwd PE | 3.2 |
4.2 Price Multiples
FNM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.28 | ||
| EV/EBITDA | 0.47 |
4.3 Compensation for Growth
FNM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of FNM may justify a higher PE ratio.
FNM's earnings are expected to decrease with -7.85% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.03
PEG (5Y)0.07
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.59%, FNM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.78, FNM pays a better dividend. On top of this FNM pays more dividend than 100.00% of the companies listed in the same industry.
FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.59% |
5.2 History
The dividend of FNM is nicely growing with an annual growth rate of 10.44%!
Dividend Growth(5Y)10.44%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FNM pays out 8.74% of its income as dividend. This is a sustainable payout ratio.
The dividend of FNM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP8.74%
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
BIT:FNM (7/15/2025, 5:29:29 PM)
0.404
+0 (+0.25%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners7.23%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap175.70M
Analysts80
Price Target0.64 (58.42%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.59% |
Yearly Dividend0.02
Dividend Growth(5Y)10.44%
DP8.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.58%
PT rev (3m)-7.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.55 | ||
| Fwd PE | 3.2 | ||
| P/S | 0.15 | ||
| P/FCF | 1.28 | ||
| P/OCF | 0.88 | ||
| P/B | 0.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.47 |
EPS(TTM)0.26
EY64.36%
EPS(NY)0.13
Fwd EY31.25%
FCF(TTM)0.32
FCFY78.03%
OCF(TTM)0.46
OCFY113.32%
SpS2.73
BVpS0.83
TBVpS-0.02
PEG (NY)0.03
PEG (5Y)0.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 31.67% | ||
| ROCE | 33.41% | ||
| ROIC | 22.83% | ||
| ROICexc | 41.14% | ||
| ROICexgc | 75.35% | ||
| OM | 37.84% | ||
| PM (TTM) | 9.63% | ||
| GM | 96.07% | ||
| FCFM | 11.54% |
ROA(3y)3.12%
ROA(5y)2.85%
ROE(3y)22.21%
ROE(5y)15.78%
ROIC(3y)12.09%
ROIC(5y)10.36%
ROICexc(3y)20.23%
ROICexc(5y)18.33%
ROICexgc(3y)32.83%
ROICexgc(5y)26.14%
ROCE(3y)17.53%
ROCE(5y)14.87%
ROICexcg growth 3Y48.96%
ROICexcg growth 5Y38.9%
ROICexc growth 3Y26.82%
ROICexc growth 5Y26.3%
OM growth 3Y16.88%
OM growth 5Y14.36%
PM growth 3Y10.06%
PM growth 5Y2.29%
GM growth 3Y0.76%
GM growth 5Y0.53%
F-Score6
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Debt/EBITDA | 1.67 | ||
| Cap/Depr | 49.55% | ||
| Cap/Sales | 5.22% | ||
| Interest Coverage | 24.05 | ||
| Cash Conversion | 34.66% | ||
| Profit Quality | 119.85% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 1.32 |
F-Score6
WACC3.34%
ROIC/WACC6.84
Cap/Depr(3y)65.96%
Cap/Depr(5y)93.98%
Cap/Sales(3y)8.63%
Cap/Sales(5y)12.28%
Profit Quality(3y)166.73%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.49%
EPS 3Y49.53%
EPS 5Y23.2%
EPS Q2Q%3.77%
EPS Next Y52.17%
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
EPS Next 5Y10.27%
Revenue 1Y (TTM)16.82%
Revenue growth 3Y35.86%
Revenue growth 5Y20.45%
Sales Q2Q%31.96%
Revenue Next Year0.42%
Revenue Next 2Y3.77%
Revenue Next 3Y4.19%
Revenue Next 5Y4.54%
EBIT growth 1Y44.76%
EBIT growth 3Y58.8%
EBIT growth 5Y37.75%
EBIT Next Year143.63%
EBIT Next 3Y42.4%
EBIT Next 5Y26.53%
FCF growth 1Y34.82%
FCF growth 3YN/A
FCF growth 5Y14.51%
OCF growth 1Y8.54%
OCF growth 3Y190.65%
OCF growth 5Y12.25%