FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.508 EUR
+0.01 (+1.2%)
Overall FNM gets a fundamental rating of 6 out of 10. We evaluated FNM against 14 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. 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
- In the past year FNM was profitable.
- In the past year FNM had a positive cash flow from operations.
- 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 Return On Assets of 4.55%. This is in the better half of the industry: FNM outperforms 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
- Looking at the Profit Margin, with a value of 7.73%, FNM is in line with its industry, outperforming 57.14% of the companies in the same industry.
- In the last couple of years the Profit Margin of FNM has declined.
- FNM's Operating Margin of 42.04% is amongst the best of the industry. FNM outperforms 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.
- In the last couple of years the Gross Margin of FNM has remained more or less at the same level.
| 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.
- FNM has about the same amout of shares outstanding than it did 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.
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 worse Altman-Z score (1.59) than 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.
- The Debt to FCF ratio of FNM (20.19) is worse than 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.
- The Debt to Equity ratio of FNM (2.24) is worse than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.36
WACC3.98%
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 50.00% 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.
- 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
- FNM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.79%.
- 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%.
- 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.
- 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
- With a Price/Earnings ratio of 2.12, the valuation of FNM can be described as very cheap.
- Based on the Price/Earnings ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.25, FNM is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 4.37, 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 (25.98), we can say FNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.12 | ||
| 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.
- Based on the Price/Free Cash Flow ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.07 | ||
| EV/EBITDA | 0.59 |
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)0.15
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.59%, FNM has a reasonable but not impressive dividend return.
- 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 1.82, 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 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%.