FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.507 EUR
0 (-0.2%)
FNM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 14 industry peers in the Ground Transportation industry. While FNM has a great profitability rating, there are quite some concerns on its financial health. FNM may be a bit undervalued, certainly considering the very reasonable score on growth Finally FNM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- FNM had positive earnings in the past year.
- FNM had a positive operating cash flow in the past year.
- In the past 5 years FNM has always been profitable.
- FNM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of FNM (4.55%) is better than 64.29% of its industry peers.
- Looking at the Return On Equity, with a value of 26.06%, FNM is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
- FNM has a better Return On Invested Capital (29.28%) than 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FNM is significantly above the industry average of 9.01%.
- 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 Rank | Sector 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%
1.3 Margins
- FNM has a Profit Margin of 7.73%. This is comparable to the rest of the industry: FNM outperforms 57.14% of its industry peers.
- FNM's Profit Margin has declined in the last couple of years.
- With an excellent Operating Margin value of 42.04%, FNM belongs to the best 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.
- With an excellent Gross Margin value of 96.15%, FNM belongs to the best 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 | 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%
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.
- The number of shares outstanding for FNM remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, FNM has about the same amount of shares outstanding.
- FNM has a worse debt/assets ratio than last year.
2.2 Solvency
- FNM has an Altman-Z score of 1.59. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
- FNM's Altman-Z score of 1.59 is on the low side compared to the rest of the industry. FNM is outperformed by 71.43% 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.
- FNM has a Debt to FCF ratio of 20.19. This is in the lower half of the industry: FNM underperforms 64.29% of its industry peers.
- A Debt/Equity ratio of 2.24 is on the high side and indicates that FNM has dependencies on debt financing.
- FNM has a Debt to Equity ratio of 2.24. This is in the lower half of the industry: FNM underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.32
WACC4%
2.3 Liquidity
- A Current Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
- FNM has a Current ratio of 1.03. This is comparable to the rest of the industry: FNM outperforms 50.00% of its industry peers.
- 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 (1.01) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
- The earnings per share for FNM have decreased by -5.79% in the last year.
- The Earnings Per Share has been growing by 14.40% on average over the past years. This is quite good.
- Looking at the last year, FNM shows a very strong growth in Revenue. The Revenue has grown by 21.31%.
- The Revenue has been growing by 23.33% on average over the past years. This is a very strong growth!
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.
- 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-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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
- Based on the Price/Earnings ratio of 2.11, the valuation of FNM can be described as very cheap.
- Compared to the rest of the industry, the Price/Earnings ratio of FNM indicates a rather cheap valuation: FNM is cheaper than 100.00% of the companies listed in the same industry.
- FNM is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- FNM is valuated cheaply with a Price/Forward Earnings ratio of 4.37.
- FNM's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. FNM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.11 | ||
| Fwd PE | 4.37 |
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.
- FNM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.06 | ||
| EV/EBITDA | 0.59 |
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%
5. Dividend
5.1 Amount
- FNM has a Yearly Dividend Yield of 3.59%.
- Compared to an average industry Dividend Yield of 1.59, FNM pays a better dividend. On top of this FNM pays more dividend than 85.71% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, FNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
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
- 7.67% of the earnings are spent on dividend by FNM. This is a low number and sustainable payout ratio.
DP7.67%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
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 2 / 10.
Can you provide the dividend sustainability for FNM stock?
The dividend rating of FNM SPA (FNM.MI) is 6 / 10 and the dividend payout ratio is 7.67%.