FNM SPA (FNM.MI) Stock Fundamental Analysis
BIT:FNM - Euronext Milan - IT0000060886 - Common Stock - Currency: EUR
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 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.
Each year in the past 5 years FNM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of FNM (4.98%) is better than 66.67% of its industry peers.
FNM has a better Return On Equity (31.67%) than 75.00% of its industry peers.
With an excellent Return On Invested Capital value of 22.83%, FNM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FNM is above the industry average of 8.57%.
The 3 year average ROIC (12.09%) for FNM is below the current ROIC(22.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 31.67% | ||
| ROIC | 22.83% |
ROA(3y)3.12%
ROA(5y)2.85%
ROE(3y)22.21%
ROE(5y)15.78%
ROIC(3y)12.09%
ROIC(5y)10.36%
1.3 Margins
Looking at the Profit Margin, with a value of 9.63%, FNM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
FNM's Profit Margin has improved in the last couple of years.
FNM's Operating Margin of 37.84% is amongst the best of the industry. FNM outperforms 91.67% of its industry peers.
FNM's Operating Margin has improved in the last couple of years.
FNM has a better Gross Margin (96.07%) 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 | 37.84% | ||
| PM (TTM) | 9.63% | ||
| GM | 96.07% |
OM growth 3Y16.88%
OM growth 5Y14.36%
PM growth 3Y10.06%
PM growth 5Y2.29%
GM growth 3Y0.76%
GM growth 5Y0.53%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), FNM 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 better debt/assets ratio than last year.
2.2 Solvency
FNM has an Altman-Z score of 1.32. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.32, FNM is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
The Debt to FCF ratio of FNM is 8.16, which is on the high side as it means it would take FNM, 8.16 years of fcf income to pay off all of its debts.
FNM's Debt to FCF ratio of 8.16 is in line compared to the rest of the industry. FNM outperforms 58.33% of its industry peers.
A Debt/Equity ratio of 2.65 is on the high side and indicates that FNM has dependencies on debt financing.
The Debt to Equity ratio of FNM (2.65) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Altman-Z | 1.32 |
ROIC/WACC6.6
WACC3.46%
2.3 Liquidity
FNM has a Current Ratio of 1.05. 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 Current ratio value of 1.05, FNM perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
A Quick Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
FNM has a Quick ratio (1.03) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
FNM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.49%.
Measured over the past years, FNM shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.20% on average per year.
The Revenue has grown by 16.82% in the past year. This is quite good.
Measured over the past years, FNM shows a very strong growth in Revenue. The Revenue has been growing by 20.45% on average per year.
EPS 1Y (TTM)2.49%
EPS 3Y49.53%
EPS 5Y23.2%
EPS Q2Q%3.77%
Revenue 1Y (TTM)16.82%
Revenue growth 3Y35.86%
Revenue growth 5Y20.45%
Sales Q2Q%31.96%
3.2 Future
The Earnings Per Share is expected to grow by 11.64% on average over the next years. This is quite good.
FNM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.99% yearly.
EPS Next Y52.17%
EPS Next 2Y8.35%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year0.42%
Revenue Next 2Y3.44%
Revenue Next 3Y3.99%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
The Price/Earnings ratio is 1.65, which 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.
FNM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
Based on the Price/Forward Earnings ratio of 3.15, 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 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.65 | ||
| Fwd PE | 3.15 |
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.
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 | 1.36 | ||
| EV/EBITDA | 0.49 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FNM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.03
PEG (5Y)0.07
EPS Next 2Y8.35%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.36%, FNM is a good candidate for dividend investing.
FNM's Dividend Yield is rather good when compared to the industry average which is at 3.49. FNM pays more dividend than 91.67% of the companies in the same industry.
FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.36% |
5.2 History
On average, the dividend of FNM grows each year by 10.44%, which is quite nice.
Dividend Growth(5Y)10.44%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FNM pays out 8.74% of its income as dividend. This is a sustainable payout ratio.
The dividend of FNM is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP8.74%
EPS Next 2Y8.35%
EPS Next 3Y11.64%
BIT:FNM (3/6/2025, 7:00:00 PM)
0.429
-0.01 (-1.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners7.35%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap186.57M
Analysts76.67
Price Target0.69 (60.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.36% |
Yearly Dividend0.02
Dividend Growth(5Y)10.44%
DP8.74%
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)-2.78%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.65 | ||
| Fwd PE | 3.15 | ||
| P/S | 0.16 | ||
| P/FCF | 1.36 | ||
| P/OCF | 0.94 | ||
| P/B | 0.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.49 |
EPS(TTM)0.26
EY60.61%
EPS(NY)0.14
Fwd EY31.78%
FCF(TTM)0.32
FCFY73.49%
OCF(TTM)0.46
OCFY106.72%
SpS2.73
BVpS0.83
TBVpS-0.02
PEG (NY)0.03
PEG (5Y)0.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 31.67% | ||
| ROCE | 33.41% | ||
| ROIC | 22.83% | ||
| ROICexc | 41.14% | ||
| ROICexgc | 75.35% | ||
| OM | 37.84% | ||
| PM (TTM) | 9.63% | ||
| GM | 96.07% | ||
| FCFM | 11.54% |
ROA(3y)3.12%
ROA(5y)2.85%
ROE(3y)22.21%
ROE(5y)15.78%
ROIC(3y)12.09%
ROIC(5y)10.36%
ROICexc(3y)20.23%
ROICexc(5y)18.33%
ROICexgc(3y)32.83%
ROICexgc(5y)26.14%
ROCE(3y)17.53%
ROCE(5y)14.87%
ROICexcg growth 3Y48.96%
ROICexcg growth 5Y38.9%
ROICexc growth 3Y26.82%
ROICexc growth 5Y26.3%
OM growth 3Y16.88%
OM growth 5Y14.36%
PM growth 3Y10.06%
PM growth 5Y2.29%
GM growth 3Y0.76%
GM growth 5Y0.53%
F-Score6
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Debt/EBITDA | 1.67 | ||
| Cap/Depr | 49.55% | ||
| Cap/Sales | 5.22% | ||
| Interest Coverage | 24.05 | ||
| Cash Conversion | 34.66% | ||
| Profit Quality | 119.85% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 1.32 |
F-Score6
WACC3.46%
ROIC/WACC6.6
Cap/Depr(3y)65.96%
Cap/Depr(5y)93.98%
Cap/Sales(3y)8.63%
Cap/Sales(5y)12.28%
Profit Quality(3y)166.73%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.49%
EPS 3Y49.53%
EPS 5Y23.2%
EPS Q2Q%3.77%
EPS Next Y52.17%
EPS Next 2Y8.35%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)16.82%
Revenue growth 3Y35.86%
Revenue growth 5Y20.45%
Sales Q2Q%31.96%
Revenue Next Year0.42%
Revenue Next 2Y3.44%
Revenue Next 3Y3.99%
Revenue Next 5YN/A
EBIT growth 1Y44.76%
EBIT growth 3Y58.8%
EBIT growth 5Y37.75%
EBIT Next Year144.39%
EBIT Next 3Y42.6%
EBIT Next 5YN/A
FCF growth 1Y34.82%
FCF growth 3YN/A
FCF growth 5Y14.51%
OCF growth 1Y8.54%
OCF growth 3Y190.65%
OCF growth 5Y12.25%