FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.5 EUR
+0.01 (+1.42%)
Taking everything into account, FNM scores 6 out of 10 in our fundamental rating. FNM was compared to 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! 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.
- In the past 5 years FNM always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of FNM (4.55%) is better than 64.29% of its industry peers.
- With a decent Return On Equity value of 26.06%, FNM is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- 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.
- The Average Return On Invested Capital over the past 3 years for FNM is significantly above the industry average of 9.01%.
- 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
- With a Profit Margin value of 7.73%, FNM perfoms like the industry average, outperforming 57.14% 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.
- FNM's Operating Margin has improved in the last couple of years.
- The Gross Margin of FNM (96.15%) is better 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.
- FNM has about the same amout of shares outstanding than it did 1 year ago.
- FNM has about the same amout of shares outstanding than it did 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.
- With a Altman-Z score value of 1.59, FNM is not doing good in the industry: 71.43% 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.
- 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.
- FNM has a worse Debt to Equity ratio (2.24) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.43
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's Current ratio of 1.03 is in line compared to the rest of the industry. FNM outperforms 50.00% of its industry peers.
- A Quick Ratio of 1.01 indicates that FNM should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.01, FNM perfoms like the industry average, outperforming 57.14% of the companies in the same 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.
- Measured over the past years, FNM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.40% on average per year.
- 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.
- 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-28.76%
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
- 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
- A Price/Earnings ratio of 2.08 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 28.60.
- A Price/Forward Earnings ratio of 4.30 indicates a rather cheap valuation of FNM.
- Based on the Price/Forward Earnings ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.83. FNM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.08 | ||
| Fwd PE | 4.3 |
4.2 Price Multiples
- 100.00% of the companies in the same industry are more expensive than FNM, based on the Enterprise Value to EBITDA ratio.
- 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 | 4.01 | ||
| EV/EBITDA | 0.58 |
4.3 Compensation for Growth
- FNM has an outstanding profitability rating, which 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.
- 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
- 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%.