FNM SPA (FNM.MI) Fundamental Analysis & Valuation

BIT:FNM • IT0000060886

Current stock price

0.508 EUR
0 (-0.39%)
Last:

This FNM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. FNM.MI Profitability Analysis

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.
  • In the past 5 years FNM always reported a positive cash flow from operatings.
FNM.MI Yearly Net Income VS EBIT VS OCF VS FCFFNM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

  • FNM has a Return On Assets of 4.48%. This is in the better half of the industry: FNM outperforms 71.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 24.01%, FNM is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • The Return On Invested Capital of FNM (26.98%) is better than 100.00% of its industry peers.
  • FNM had an Average Return On Invested Capital over the past 3 years of 15.22%. This is significantly above the industry average of 8.47%.
  • The 3 year average ROIC (15.22%) for FNM is below the current ROIC(26.98%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.48%
ROE 24.01%
ROIC 26.98%
ROA(3y)3.25%
ROA(5y)2.8%
ROE(3y)20.91%
ROE(5y)17.55%
ROIC(3y)15.22%
ROIC(5y)12.61%
FNM.MI Yearly ROA, ROE, ROICFNM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • The Profit Margin of FNM (7.50%) is better than 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of FNM has declined.
  • FNM has a Operating Margin of 41.27%. This is amongst the best in the industry. FNM outperforms 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of FNM has grown nicely.
  • Looking at the Gross Margin, with a value of 96.22%, FNM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • FNM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 41.27%
PM (TTM) 7.5%
GM 96.22%
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%
FNM.MI Yearly Profit, Operating, Gross MarginsFNM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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4

2. FNM.MI Health Analysis

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.
  • Compared to 5 years ago, FNM has about the same amount of shares outstanding.
  • The debt/assets ratio for FNM is higher compared to a year ago.
FNM.MI Yearly Shares OutstandingFNM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FNM.MI Yearly Total Debt VS Total AssetsFNM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • FNM has an Altman-Z score of 1.65. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of FNM (1.65) is comparable to the rest of the industry.
  • The Debt to FCF ratio of FNM is 34.09, which is on the high side as it means it would take FNM, 34.09 years of fcf income to pay off all of its debts.
  • FNM has a better Debt to FCF ratio (34.09) than 64.29% of its industry peers.
  • A Debt/Equity ratio of 2.31 is on the high side and indicates that FNM has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.31, FNM is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.31
Debt/FCF 34.1
Altman-Z 1.65
ROIC/WACC6.8
WACC3.97%
FNM.MI Yearly LT Debt VS Equity VS FCFFNM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • FNM has a Current Ratio of 1.09. This is a normal value and indicates that FNM is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.09, FNM is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • FNM has a Quick Ratio of 1.07. This is a normal value and indicates that FNM is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of FNM (1.07) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.07
FNM.MI Yearly Current Assets VS Current LiabilitesFNM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. FNM.MI Growth Analysis

3.1 Past

  • FNM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.64%.
  • FNM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.40% yearly.
  • FNM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.29%.
  • FNM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
EPS 1Y (TTM)-8.64%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%-11.49%
Revenue 1Y (TTM)15.29%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%-1.76%

3.2 Future

  • The Earnings Per Share is expected to decrease by -2.22% on average over the next years.
  • 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-6.51%
EPS Next 5Y-2.22%
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
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.
FNM.MI Yearly Revenue VS EstimatesFNM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M
FNM.MI Yearly EPS VS EstimatesFNM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2021 2022 2023 2024 2025 2026 2027 2028 0.05 0.1 0.15

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8

4. FNM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the 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.
  • FNM is valuated cheaply when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 4.37, which 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.
  • When comparing the Price/Forward Earnings ratio of FNM to the average of the S&P500 Index (21.68), we can say FNM is valued rather cheaply.
Industry RankSector Rank
PE 2.12
Fwd PE 4.37
FNM.MI Price Earnings VS Forward Price EarningsFNM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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.
  • FNM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FNM is cheaper than 78.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.93
EV/EBITDA 1.12
FNM.MI Per share dataFNM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

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 -6.51% 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-6.51%

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7

5. FNM.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.35%, FNM is a good candidate for dividend investing.
  • FNM's Dividend Yield is a higher than the industry average which is at 1.86.
  • Compared to an average S&P500 Dividend Yield of 1.82, FNM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.35%

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

  • FNM pays out 7.93% of its income as dividend. This is a sustainable payout ratio.
DP7.93%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
FNM.MI Yearly Income VS Free CF VS DividendFNM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M
FNM.MI Dividend Payout.FNM.MI Dividend Payout, showing the Payout Ratio.FNM.MI Dividend Payout.PayoutRetained Earnings

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FNM.MI Fundamentals: All Metrics, Ratios and Statistics

FNM SPA

BIT:FNM (4/29/2026, 5:03:26 PM)

0.508

0 (-0.39%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Industry Strength77.7
Industry Growth62.67
Earnings (Last)02-05
Earnings (Next)05-12
Inst Owners6.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap220.93M
Revenue(TTM)1.37B
Net Income(TTM)102.66M
Analysts80
Price Target0.7 (37.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend0.02
Dividend Growth(5Y)6.23%
DP7.93%
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)-1.44%
PT rev (3m)-1.44%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.02%
Valuation
Industry RankSector Rank
PE 2.12
Fwd PE 4.37
P/S 0.16
P/FCF 6.93
P/OCF 1.68
P/B 0.52
P/tB 1.75
EV/EBITDA 1.12
EPS(TTM)0.24
EY47.24%
EPS(NY)0.12
Fwd EY22.86%
FCF(TTM)0.07
FCFY14.43%
OCF(TTM)0.3
OCFY59.59%
SpS3.15
BVpS0.98
TBVpS0.29
PEG (NY)N/A
PEG (5Y)0.15
Graham Number2.30423 (353.59%)
Profitability
Industry RankSector Rank
ROA 4.48%
ROE 24.01%
ROCE 40.5%
ROIC 26.98%
ROICexc 34.86%
ROICexgc 46.39%
OM 41.27%
PM (TTM) 7.5%
GM 96.22%
FCFM 2.33%
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-Score7
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 2.31
Debt/FCF 34.1
Debt/EBITDA 1.41
Cap/Depr 73.88%
Cap/Sales 7.29%
Interest Coverage 15.44
Cash Conversion 18.8%
Profit Quality 31.06%
Current Ratio 1.09
Quick Ratio 1.07
Altman-Z 1.65
F-Score7
WACC3.97%
ROIC/WACC6.8
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)-8.64%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%-11.49%
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
EPS Next 5Y-2.22%
Revenue 1Y (TTM)15.29%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%-1.76%
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
Revenue Next 5Y5.25%
EBIT growth 1Y25.75%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year136.9%
EBIT Next 3Y41.85%
EBIT Next 5Y25.31%
FCF growth 1Y-70.53%
FCF growth 3Y1.34%
FCF growth 5Y22.79%
OCF growth 1Y-16.62%
OCF growth 3Y11.59%
OCF growth 5Y19.96%

FNM SPA / FNM.MI Fundamental Analysis 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.


What is the profitability of FNM stock?

FNM SPA (FNM.MI) has a profitability rating of 8 / 10.


What are the PE and PB ratios of FNM SPA (FNM.MI) stock?

The Price/Earnings (PE) ratio for FNM SPA (FNM.MI) is 2.12 and the Price/Book (PB) ratio is 0.52.


What is the earnings growth outlook for FNM SPA?

The Earnings per Share (EPS) of FNM SPA (FNM.MI) is expected to decline by -28.76% in the next year.