FNM SPA (FNM.MI) Stock Fundamental Analysis

BIT:FNM • IT0000060886

0.51 EUR
+0 (+0.39%)
Last: Feb 13, 2026, 03:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to FNM. FNM was compared to 15 industry peers in the Ground Transportation industry. While FNM belongs to the best of the industry regarding profitability, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on FNM. FNM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • FNM had positive earnings in the past year.
  • In the past year FNM had a positive cash flow from operations.
  • Each year in the past 5 years FNM has been profitable.
  • In the past 5 years FNM always reported a positive cash flow from operatings.
FNM.MI Yearly Net Income VS EBIT VS OCF VS FCFFNM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

  • FNM's Return On Assets of 4.55% is in line compared to the rest of the industry. FNM outperforms 60.00% of its industry peers.
  • With a decent Return On Equity value of 26.06%, FNM is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • FNM's Return On Invested Capital of 29.28% is amongst the best of the industry. FNM outperforms 100.00% of its industry peers.
  • FNM had an Average Return On Invested Capital over the past 3 years of 15.22%. This is significantly above the industry average of 10.21%.
  • The last Return On Invested Capital (29.28%) for FNM is above the 3 year average (15.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.55%
ROE 26.06%
ROIC 29.28%
ROA(3y)3.25%
ROA(5y)2.8%
ROE(3y)20.91%
ROE(5y)17.55%
ROIC(3y)15.22%
ROIC(5y)12.61%
FNM.MI Yearly ROA, ROE, ROICFNM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • With a Profit Margin value of 7.73%, FNM perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • FNM's Profit Margin has declined in the last couple of years.
  • The Operating Margin of FNM (42.04%) is better than 100.00% of its industry peers.
  • FNM's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FNM (96.15%) is better than 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of FNM has remained more or less at the same level.
Industry RankSector Rank
OM 42.04%
PM (TTM) 7.73%
GM 96.15%
OM growth 3Y10.39%
OM growth 5Y13.92%
PM growth 3Y-2.18%
PM growth 5Y-7.24%
GM growth 3Y0.1%
GM growth 5Y0.65%
FNM.MI Yearly Profit, Operating, Gross MarginsFNM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • FNM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • FNM has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FNM has about the same amount of shares outstanding.
  • Compared to 1 year ago, FNM has a worse debt to assets ratio.
FNM.MI Yearly Shares OutstandingFNM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FNM.MI Yearly Total Debt VS Total AssetsFNM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 1.59, we must say that FNM is in the distress zone and has some risk of bankruptcy.
  • FNM has a Altman-Z score of 1.59. This is in the lower half of the industry: FNM underperforms 60.00% of its industry peers.
  • The Debt to FCF ratio of FNM is 20.19, which is on the high side as it means it would take FNM, 20.19 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of FNM (20.19) is worse than 66.67% of its industry peers.
  • FNM has a Debt/Equity ratio of 2.24. This is a high value indicating a heavy dependency on external financing.
  • FNM has a Debt to Equity ratio of 2.24. This is amonst the worse of the industry: FNM underperforms 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.24
Debt/FCF 20.19
Altman-Z 1.59
ROIC/WACC7.32
WACC4%
FNM.MI Yearly LT Debt VS Equity VS FCFFNM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
  • The Current ratio of FNM (1.03) is comparable to the rest of the industry.
  • A Quick Ratio of 1.01 indicates that FNM should not have too much problems paying its short term obligations.
  • FNM has a Quick ratio of 1.01. This is comparable to the rest of the industry: FNM outperforms 53.33% of its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 1.01
FNM.MI Yearly Current Assets VS Current LiabilitesFNM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The earnings per share for FNM have decreased by -5.79% in the last year.
  • Measured over the past years, FNM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.40% on average per year.
  • Looking at the last year, FNM shows a very strong growth in Revenue. The Revenue has grown by 21.31%.
  • Measured over the past years, FNM shows a very strong growth in Revenue. The Revenue has been growing by 23.33% on average per year.
EPS 1Y (TTM)-5.79%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%38.02%
Revenue 1Y (TTM)21.31%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%8.73%

3.2 Future

  • FNM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.34% yearly.
  • The Revenue is expected to grow by 5.25% on average over the next years.
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
EPS Next 5YN/A
Revenue Next Year7.61%
Revenue Next 2Y6.46%
Revenue Next 3Y6.22%
Revenue Next 5Y5.25%

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 decreasing.
  • 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.
FNM.MI Yearly Revenue VS EstimatesFNM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M
FNM.MI Yearly EPS VS EstimatesFNM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15

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8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 2.13, which indicates a rather cheap valuation of FNM.
  • Based on the Price/Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of FNM to the average of the S&P500 Index (27.67), we can say FNM is valued rather cheaply.
  • FNM is valuated cheaply with a Price/Forward Earnings ratio of 4.39.
  • Based on the Price/Forward Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 27.69. FNM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2.13
Fwd PE 4.39
FNM.MI Price Earnings VS Forward Price EarningsFNM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 100.00% of the companies in the same industry are more expensive than FNM, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, FNM is valued cheaper than 93.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.09
EV/EBITDA 0.59
FNM.MI Per share dataFNM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

4.3 Compensation for Growth

  • FNM has an outstanding profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as FNM's earnings are expected to decrease with -2.34% in the coming years.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • FNM has a Yearly Dividend Yield of 3.68%.
  • Compared to an average industry Dividend Yield of 1.52, FNM pays a better dividend. On top of this FNM pays more dividend than 86.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, FNM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.68%

5.2 History

  • The dividend of FNM is nicely growing with an annual growth rate of 6.23%!
Dividend Growth(5Y)6.23%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FNM pays out 7.67% of its income as dividend. This is a sustainable payout ratio.
DP7.67%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
FNM.MI Yearly Income VS Free CF VS DividendFNM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M
FNM.MI Dividend Payout.FNM.MI Dividend Payout, showing the Payout Ratio.FNM.MI Dividend Payout.PayoutRetained Earnings

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FNM SPA

BIT:FNM (2/13/2026, 3:20:18 PM)

0.51

+0 (+0.39%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)11-14
Earnings (Next)03-23
Inst Owners6.83%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap221.80M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.71 (39.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.68%
Yearly Dividend0.02
Dividend Growth(5Y)6.23%
DP7.67%
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)0%
PT rev (3m)6.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-10.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.97%
Valuation
Industry RankSector Rank
PE 2.13
Fwd PE 4.39
P/S 0.16
P/FCF 4.09
P/OCF 1.43
P/B 0.54
P/tB 2.53
EV/EBITDA 0.59
EPS(TTM)0.24
EY47.06%
EPS(NY)0.12
Fwd EY22.77%
FCF(TTM)0.12
FCFY24.47%
OCF(TTM)0.36
OCFY70.02%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.15
Graham Number2.25
Profitability
Industry RankSector Rank
ROA 4.55%
ROE 26.06%
ROCE 43.04%
ROIC 29.28%
ROICexc 49.11%
ROICexgc 77.19%
OM 42.04%
PM (TTM) 7.73%
GM 96.15%
FCFM 3.95%
ROA(3y)3.25%
ROA(5y)2.8%
ROE(3y)20.91%
ROE(5y)17.55%
ROIC(3y)15.22%
ROIC(5y)12.61%
ROICexc(3y)28.1%
ROICexc(5y)22.66%
ROICexgc(3y)51.45%
ROICexgc(5y)38.36%
ROCE(3y)22.1%
ROCE(5y)18.33%
ROICexgc growth 3Y48.18%
ROICexgc growth 5Y32.59%
ROICexc growth 3Y34.2%
ROICexc growth 5Y16.46%
OM growth 3Y10.39%
OM growth 5Y13.92%
PM growth 3Y-2.18%
PM growth 5Y-7.24%
GM growth 3Y0.1%
GM growth 5Y0.65%
F-Score6
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 2.24
Debt/FCF 20.19
Debt/EBITDA 1.28
Cap/Depr 75.03%
Cap/Sales 7.36%
Interest Coverage 27.18
Cash Conversion 21.81%
Profit Quality 51.12%
Current Ratio 1.03
Quick Ratio 1.01
Altman-Z 1.59
F-Score6
WACC4%
ROIC/WACC7.32
Cap/Depr(3y)71.66%
Cap/Depr(5y)87.58%
Cap/Sales(3y)9.7%
Cap/Sales(5y)11.69%
Profit Quality(3y)143.15%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.79%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%38.02%
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
EPS Next 5YN/A
Revenue 1Y (TTM)21.31%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%8.73%
Revenue Next Year7.61%
Revenue Next 2Y6.46%
Revenue Next 3Y6.22%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year136.9%
EBIT Next 3Y42.1%
EBIT Next 5Y25.31%
FCF growth 1Y-36.18%
FCF growth 3Y1.34%
FCF growth 5Y22.79%
OCF growth 1Y7.16%
OCF growth 3Y11.59%
OCF growth 5Y19.96%

FNM SPA / FNM.MI FAQ

Can you provide the ChartMill fundamental rating for FNM SPA?

ChartMill assigns a fundamental rating of 6 / 10 to FNM.MI.


What is the valuation status of FNM SPA (FNM.MI) stock?

ChartMill assigns a valuation rating of 8 / 10 to FNM SPA (FNM.MI). This can be considered as Undervalued.


Can you provide the profitability details for FNM SPA?

FNM SPA (FNM.MI) has a profitability rating of 8 / 10.


What is the financial health of FNM SPA (FNM.MI) stock?

The financial health rating of FNM SPA (FNM.MI) is 3 / 10.


Can you provide the dividend sustainability for FNM stock?

The dividend rating of FNM SPA (FNM.MI) is 7 / 10 and the dividend payout ratio is 7.67%.