FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - BIT:FNM - IT0000060886 - Common Stock
0.469 EUR
-0.02 (-3.1%)
Overall FNM gets a fundamental rating of 6 out of 10. We evaluated FNM against 12 industry peers in the Ground Transportation industry. FNM scores excellent on profitability, but there are concerns on its financial health. FNM scores decently on growth, while it is valued quite cheap. This could make an interesting 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.
Each year in the past 5 years FNM has been profitable.
FNM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FNM has a better Return On Assets (4.55%) than 83.33% of its industry peers.
The Return On Equity of FNM (26.06%) is better than 83.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 29.28%, FNM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FNM is significantly above the industry average of 7.53%.
The 3 year average ROIC (15.22%) for FNM is below the current ROIC(29.28%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 7.73%, FNM is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
FNM's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 42.04%, 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.
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 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
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.
The number of shares outstanding for FNM remains at a similar level compared to 5 years ago.
FNM has a worse debt/assets ratio than last year.
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.
The Altman-Z score of FNM (1.59) is comparable to the rest of the industry.
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.
Looking at the Debt to FCF ratio, with a value of 20.19, FNM is in line with its industry, outperforming 58.33% of the companies in the same industry.
FNM has a Debt/Equity ratio of 2.24. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.24, FNM is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.51
WACC3.9%
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 41.67% 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.
The Quick ratio of FNM (1.01) is comparable to the rest of the industry.
| 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.
FNM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.40% yearly.
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 -3.35% yearly.
Based on estimates for the next years, FNM will show a small growth in Revenue. The Revenue will grow by 5.25% on average per year.
EPS Next Y-28%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
EPS Next 5YN/A
Revenue Next Year7.96%
Revenue Next 2Y6.77%
Revenue Next 3Y7.13%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 1.95, which 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.
Compared to an average S&P500 Price/Earnings ratio of 27.20, FNM is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.17, the valuation of FNM can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings 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/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.95 | ||
| Fwd PE | 4.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FNM indicates a rather cheap valuation: FNM is cheaper than 91.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.76 | ||
| EV/EBITDA | 0.57 |
4.3 Compensation for Growth
The excellent profitability rating of FNM may justify a higher PE ratio.
A cheap valuation may be justified as FNM's earnings are expected to decrease with -3.35% in the coming years.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
5. Dividend
5.1 Amount
FNM has a Yearly Dividend Yield of 3.83%.
Compared to an average industry Dividend Yield of 2.83, FNM pays a better dividend. On top of this FNM pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, FNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
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
FNM pays out 7.67% of its income as dividend. This is a sustainable payout ratio.
DP7.67%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
BIT:FNM (9/18/2025, 5:23:09 PM)
0.469
-0.02 (-3.1%)
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 Cap203.97M
Analysts80
Price Target0.67 (42.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
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)1.55%
PT rev (3m)1.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.8%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.95 | ||
| Fwd PE | 4.17 | ||
| P/S | 0.15 | ||
| P/FCF | 3.76 | ||
| P/OCF | 1.31 | ||
| P/B | 0.5 | ||
| P/tB | 2.32 | ||
| EV/EBITDA | 0.57 |
EPS(TTM)0.24
EY51.17%
EPS(NY)0.11
Fwd EY23.98%
FCF(TTM)0.12
FCFY26.61%
OCF(TTM)0.36
OCFY76.15%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.14
Profitability
| Industry Rank | Sector 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%
ROICexcg growth 3Y48.18%
ROICexcg 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 Rank | Sector 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
WACC3.9%
ROIC/WACC7.51
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%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
EPS Next 5YN/A
Revenue 1Y (TTM)21.31%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%8.73%
Revenue Next Year7.96%
Revenue Next 2Y6.77%
Revenue Next 3Y7.13%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year137.64%
EBIT Next 3Y42.25%
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%