FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.493 EUR
0 (0%)
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 is valued quite cheap, while showing a decent growth score. This is a good 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.
- Each year in the past 5 years FNM had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of FNM (4.55%) is better than 64.29% of its industry peers.
- FNM has a Return On Equity of 26.06%. This is in the better half of the industry: FNM outperforms 71.43% 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.
- FNM had an Average Return On Invested Capital over the past 3 years of 15.22%. This 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
- The Profit Margin of FNM (7.73%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of FNM has declined.
- 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.
- Compared to 5 years ago, FNM has about the same amount of shares outstanding.
- Compared to 1 year ago, FNM has a worse debt to assets ratio.
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's Debt to FCF ratio of 20.19 is on the low side compared to the rest of the industry. FNM is outperformed by 64.29% 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 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.43
WACC3.94%
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 (1.03) which is in line with 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 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%.
- 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
- The Earnings Per Share is expected to decrease by -2.34% on average over the next years.
- 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 Year7.61%
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 2.05, 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.
- The average S&P500 Price/Earnings ratio is at 28.39. FNM is valued rather cheaply when compared to this.
- The Price/Forward Earnings ratio is 4.24, 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/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.72, FNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.05 | ||
| Fwd PE | 4.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
- 100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.95 | ||
| EV/EBITDA | 0.58 |
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 -2.34% in the coming years.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
5. Dividend
5.1 Amount
- FNM has a Yearly Dividend Yield of 3.59%. Purely for dividend investing, there may be better candidates out there.
- 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.
- FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
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 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%.