FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.475 EUR
+0 (+0.42%)
FNM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 16 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
FNM had positive earnings in the past year.
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
FNM's Return On Assets of 4.55% is fine compared to the rest of the industry. FNM outperforms 62.50% of its industry peers.
FNM's Return On Equity of 26.06% is fine compared to the rest of the industry. FNM outperforms 75.00% of its industry peers.
The Return On Invested Capital of FNM (29.28%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FNM is significantly above the industry average of 9.34%.
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
The Profit Margin of FNM (7.73%) is comparable to the rest of the 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.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so FNM 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.
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.
With a Altman-Z score value of 1.59, FNM is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
FNM has a debt to FCF ratio of 20.19. This is a negative value and a sign of low solvency as FNM would need 20.19 years to pay back of 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 62.50% 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.
With a Debt to Equity ratio value of 2.24, FNM is not doing good in the industry: 81.25% 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/WACC7.61
WACC3.85%
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 43.75% of 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
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 -3.35% 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%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
EPS Next 5YN/A
Revenue Next Year7.94%
Revenue Next 2Y6.77%
Revenue Next 3Y6.43%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 1.98 indicates a rather cheap valuation of FNM.
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 26.46. FNM is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 4.22, the valuation of FNM can be described as very cheap.
100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Forward Earnings ratio.
FNM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.98 | ||
| Fwd PE | 4.22 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FNM indicates a rather cheap valuation: FNM is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.81 | ||
| EV/EBITDA | 0.57 |
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 -3.35% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.85%, FNM has a reasonable but not impressive dividend return.
FNM's Dividend Yield is rather good when compared to the industry average which is at 2.62. FNM pays more dividend than 100.00% of the companies in the same industry.
FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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-20.24%
EPS Next 3Y-3.35%
BIT:FNM (12/5/2025, 7:00:00 PM)
0.475
+0 (+0.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners6.79%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap206.58M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.67 (41.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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)-9.35%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.98 | ||
| Fwd PE | 4.22 | ||
| P/S | 0.15 | ||
| P/FCF | 3.81 | ||
| P/OCF | 1.33 | ||
| P/B | 0.51 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | 0.57 |
EPS(TTM)0.24
EY50.53%
EPS(NY)0.11
Fwd EY23.67%
FCF(TTM)0.12
FCFY26.27%
OCF(TTM)0.36
OCFY75.18%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.14
Graham Number2.25
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%
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 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
WACC3.85%
ROIC/WACC7.61
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 Year7.94%
Revenue Next 2Y6.77%
Revenue Next 3Y6.43%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year130.28%
EBIT Next 3Y42.28%
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 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 for FNM 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.
Can you provide the PE and PB ratios for FNM stock?
The Price/Earnings (PE) ratio for FNM SPA (FNM.MI) is 1.98 and the Price/Book (PB) ratio is 0.51.
Can you provide the financial health for FNM stock?
The financial health rating of FNM SPA (FNM.MI) is 3 / 10.