FNM SPA (FNM.MI) Fundamental Analysis & Valuation

BIT:FNM • IT0000060886

Current stock price

0.504 EUR
0 (-0.79%)
Last:

This FNM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. FNM.MI Profitability Analysis

1.1 Basic Checks

  • In the past year FNM was profitable.
  • In the past year FNM had a positive cash flow from operations.
  • In the past 5 years FNM has always been profitable.
  • FNM had a positive operating cash flow in each of the past 5 years.
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 has a Return On Assets of 4.48%. This is in the better half of the industry: FNM outperforms 71.43% of its industry peers.
  • FNM's Return On Equity of 24.01% is fine compared to the rest of the industry. FNM outperforms 71.43% of its industry peers.
  • FNM has a Return On Invested Capital of 26.98%. This is amongst the best in 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 8.47%.
  • The last Return On Invested Capital (26.98%) for FNM is above the 3 year average (15.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.48%
ROE 24.01%
ROIC 26.98%
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

  • FNM has a Profit Margin of 7.50%. This is in the better half of the industry: FNM outperforms 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of FNM has declined.
  • FNM has a Operating Margin of 41.27%. This is amongst the best in the industry. FNM outperforms 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of FNM has grown nicely.
  • The Gross Margin of FNM (96.22%) 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 41.27%
PM (TTM) 7.5%
GM 96.22%
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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4

2. FNM.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), FNM is creating value.
  • Compared to 1 year ago, FNM has about the same amount of shares outstanding.
  • Compared to 5 years ago, FNM has about the same amount of shares outstanding.
  • FNM has a worse debt/assets ratio than last year.
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

  • FNM has an Altman-Z score of 1.65. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of FNM (1.65) is comparable to the rest of the industry.
  • The Debt to FCF ratio of FNM is 34.09, which is on the high side as it means it would take FNM, 34.09 years of fcf income to pay off all of its debts.
  • FNM has a Debt to FCF ratio of 34.09. This is in the better half of the industry: FNM outperforms 64.29% of its industry peers.
  • A Debt/Equity ratio of 2.31 is on the high side and indicates that FNM has dependencies on debt financing.
  • The Debt to Equity ratio of FNM (2.31) is worse than 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.31
Debt/FCF 34.1
Altman-Z 1.65
ROIC/WACC6.81
WACC3.96%
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

  • FNM has a Current Ratio of 1.09. This is a normal value and indicates that FNM is financially healthy and should not expect problems in meeting its short term obligations.
  • FNM has a Current ratio (1.09) which is in line with its industry peers.
  • A Quick Ratio of 1.07 indicates that FNM should not have too much problems paying its short term obligations.
  • FNM's Quick ratio of 1.07 is in line compared to the rest of the industry. FNM outperforms 50.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.07
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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4

3. FNM.MI Growth Analysis

3.1 Past

  • FNM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.64%.
  • FNM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.40% yearly.
  • FNM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.29%.
  • FNM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
EPS 1Y (TTM)-8.64%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%-11.49%
Revenue 1Y (TTM)15.29%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%-1.76%

3.2 Future

  • Based on estimates for the next years, FNM will show a decrease in Earnings Per Share. The EPS will decrease by -2.22% on average per year.
  • FNM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.25% yearly.
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
EPS Next 5Y-2.22%
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
Revenue Next 5Y5.25%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 2028 0.05 0.1 0.15

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8

4. FNM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 2.10, 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/Earnings ratio.
  • When comparing the Price/Earnings ratio of FNM to the average of the S&P500 Index (26.77), we can say FNM is valued rather cheaply.
  • A Price/Forward Earnings ratio of 4.34 indicates a rather cheap valuation of FNM.
  • 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 21.75. FNM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2.1
Fwd PE 4.34
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FNM indicates a rather cheap valuation: FNM is cheaper than 100.00% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FNM indicates a somewhat cheap valuation: FNM is cheaper than 78.57% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.87
EV/EBITDA 1.12
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

  • The excellent profitability rating of FNM may justify a higher PE ratio.
  • FNM's earnings are expected to decrease with -6.51% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%

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7

5. FNM.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.35%, FNM is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.86, FNM pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, FNM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.35%

5.2 History

  • On average, the dividend of FNM grows each year by 6.23%, which is quite nice.
Dividend Growth(5Y)6.23%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 7.93% of the earnings are spent on dividend by FNM. This is a low number and sustainable payout ratio.
DP7.93%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
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.MI Fundamentals: All Metrics, Ratios and Statistics

FNM SPA

BIT:FNM (4/30/2026, 4:11:48 PM)

0.504

0 (-0.79%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Industry Strength72.97
Industry Growth62.67
Earnings (Last)02-05
Earnings (Next)05-12
Inst Owners6.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap219.19M
Revenue(TTM)1.37B
Net Income(TTM)102.66M
Analysts80
Price Target0.7 (38.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend0.02
Dividend Growth(5Y)6.23%
DP7.93%
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)-1.44%
PT rev (3m)-1.44%
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)0.02%
Valuation
Industry RankSector Rank
PE 2.1
Fwd PE 4.34
P/S 0.16
P/FCF 6.87
P/OCF 1.66
P/B 0.51
P/tB 1.74
EV/EBITDA 1.12
EPS(TTM)0.24
EY47.62%
EPS(NY)0.12
Fwd EY23.05%
FCF(TTM)0.07
FCFY14.55%
OCF(TTM)0.3
OCFY60.06%
SpS3.15
BVpS0.98
TBVpS0.29
PEG (NY)N/A
PEG (5Y)0.15
Graham Number2.30423 (357.19%)
Profitability
Industry RankSector Rank
ROA 4.48%
ROE 24.01%
ROCE 40.5%
ROIC 26.98%
ROICexc 34.86%
ROICexgc 46.39%
OM 41.27%
PM (TTM) 7.5%
GM 96.22%
FCFM 2.33%
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-Score7
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 2.31
Debt/FCF 34.1
Debt/EBITDA 1.41
Cap/Depr 73.88%
Cap/Sales 7.29%
Interest Coverage 15.44
Cash Conversion 18.8%
Profit Quality 31.06%
Current Ratio 1.09
Quick Ratio 1.07
Altman-Z 1.65
F-Score7
WACC3.96%
ROIC/WACC6.81
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)-8.64%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%-11.49%
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
EPS Next 5Y-2.22%
Revenue 1Y (TTM)15.29%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%-1.76%
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
Revenue Next 5Y5.25%
EBIT growth 1Y25.75%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year136.9%
EBIT Next 3Y41.85%
EBIT Next 5Y25.31%
FCF growth 1Y-70.53%
FCF growth 3Y1.34%
FCF growth 5Y22.79%
OCF growth 1Y-16.62%
OCF growth 3Y11.59%
OCF growth 5Y19.96%

FNM SPA / FNM.MI Fundamental Analysis 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.


What is the profitability of FNM stock?

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


What are the PE and PB ratios of FNM SPA (FNM.MI) stock?

The Price/Earnings (PE) ratio for FNM SPA (FNM.MI) is 2.1 and the Price/Book (PB) ratio is 0.51.


What is the earnings growth outlook for FNM SPA?

The Earnings per Share (EPS) of FNM SPA (FNM.MI) is expected to decline by -28.76% in the next year.