FNM SPA (FNM.MI) Fundamental Analysis & Valuation

BIT:FNM • IT0000060886

Current stock price

0.464 EUR
0 (-0.43%)
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.
  • FNM had a positive operating cash flow in the past year.
  • FNM had positive earnings in each of the past 5 years.
  • Each year in the past 5 years FNM had a positive operating cash flow.
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 4.55%. This is in the better half of the industry: FNM outperforms 69.23% of its industry peers.
  • FNM's Return On Equity of 26.06% is fine compared to the rest of the industry. FNM outperforms 61.54% of its industry peers.
  • The Return On Invested Capital of FNM (29.28%) is better 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 9.13%.
  • 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

  • FNM's Profit Margin of 7.73% is fine compared to the rest of the industry. FNM outperforms 61.54% of its industry peers.
  • 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.
  • In the last couple of years the Operating Margin of FNM has grown nicely.
  • FNM has a better Gross Margin (96.15%) than 100.00% of its industry peers.
  • FNM's Gross Margin has been stable in the last couple of years.
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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3

2. FNM.MI Health Analysis

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.
  • The number of shares outstanding for FNM remains at a similar level compared to 5 years ago.
  • 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 comparable to the rest of the industry: FNM outperforms 53.85% 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 61.54% 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.
  • Looking at the Debt to Equity ratio, with a value of 2.24, FNM is doing worse than 76.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.24
Debt/FCF 20.19
Altman-Z 1.59
ROIC/WACC7.71
WACC3.8%
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 1.03. 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 of 1.03. This is comparable to the rest of the industry: FNM outperforms 46.15% of its industry peers.
  • FNM has a Quick Ratio of 1.01. This is a normal value and indicates that FNM is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.01, FNM perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
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. 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 -5.79%.
  • 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%.
  • FNM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
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

  • Based on estimates for the next years, FNM will show a decrease in Earnings Per Share. The EPS will decrease by -2.34% on average per year.
  • 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 Year7.64%
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.
  • 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 0.05 0.1 0.15

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8

4. FNM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 1.93 indicates a rather cheap valuation of FNM.
  • FNM's Price/Earnings ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.54, FNM is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 3.99, the valuation of FNM can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of FNM to the average of the S&P500 Index (22.70), we can say FNM is valued rather cheaply.
Industry RankSector Rank
PE 1.93
Fwd PE 3.99
FNM.MI Price Earnings VS Forward Price EarningsFNM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • 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 RankSector Rank
P/FCF 3.72
EV/EBITDA 0.56
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 -2.34% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.13
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%

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

6

5. FNM.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.93%, FNM has a reasonable but not impressive dividend return.
  • FNM's Dividend Yield is a higher than the industry average which is at 2.13.
  • Compared to an average S&P500 Dividend Yield of 1.89, FNM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.93%

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.MI Fundamentals: All Metrics, Ratios and Statistics

FNM SPA

BIT:FNM (3/23/2026, 4:59:13 PM)

0.464

0 (-0.43%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)02-05
Earnings (Next)05-12
Inst Owners6.69%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap201.79M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.71 (53.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.93%
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)0%
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)0.02%
Revenue NY rev (3m)0.02%
Valuation
Industry RankSector Rank
PE 1.93
Fwd PE 3.99
P/S 0.15
P/FCF 3.72
P/OCF 1.3
P/B 0.5
P/tB 2.3
EV/EBITDA 0.56
EPS(TTM)0.24
EY51.72%
EPS(NY)0.12
Fwd EY25.03%
FCF(TTM)0.12
FCFY26.9%
OCF(TTM)0.36
OCFY76.97%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.13
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
WACC3.8%
ROIC/WACC7.71
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 Year7.64%
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 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.


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 6 / 10 and the dividend payout ratio is 7.67%.