FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.477 EUR
+0 (+0.85%)
Taking everything into account, FNM scores 6 out of 10 in our fundamental rating. FNM was compared to 13 industry peers in the Ground Transportation industry. FNM has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on FNM. 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.
FNM had positive earnings in each of the past 5 years.
In the past 5 years FNM always reported a positive cash flow from operatings.
1.2 Ratios
FNM has a Return On Assets of 4.55%. This is in the better half of the industry: FNM outperforms 61.54% of its industry peers.
Looking at the Return On Equity, with a value of 26.06%, FNM is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
The Return On Invested Capital of FNM (29.28%) 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 8.63%.
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
FNM's Profit Margin of 7.73% is in line compared to the rest of the industry. FNM outperforms 53.85% of its industry peers.
FNM's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 42.04%, FNM belongs to the best 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.
Looking at the Gross Margin, with a value of 96.15%, 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 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
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.
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.
Looking at the Altman-Z score, with a value of 1.59, FNM is doing worse than 69.23% of the companies in the same industry.
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.
Looking at the Debt to FCF ratio, with a value of 20.19, FNM is doing worse than 61.54% of the companies in the same industry.
A Debt/Equity ratio of 2.24 is on the high side and indicates that FNM has dependencies on debt financing.
With a Debt to Equity ratio value of 2.24, FNM is not doing good in the industry: 76.92% 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/WACC7.63
WACC3.84%
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 of 1.03. This is comparable to the rest of the industry: FNM outperforms 53.85% 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 in line with its industry peers.
| 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%.
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%.
Measured over the past years, FNM shows a very strong growth in Revenue. The Revenue has been growing by 23.33% on average per year.
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-31.81%
EPS Next 2Y-19.05%
EPS Next 3Y-2.34%
EPS Next 5YN/A
Revenue Next Year7.94%
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
The Price/Earnings ratio is 1.99, 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.
The average S&P500 Price/Earnings ratio is at 26.34. FNM is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 4.12, 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.
The average S&P500 Price/Forward Earnings ratio is at 23.56. FNM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.99 | ||
| Fwd PE | 4.12 |
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 | 3.82 | ||
| EV/EBITDA | 0.57 |
4.3 Compensation for Growth
FNM has an outstanding profitability rating, which may justify a higher PE ratio.
FNM's earnings are expected to decrease with -2.34% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-19.05%
EPS Next 3Y-2.34%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.89%, FNM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.80, FNM pays a better dividend. On top of this FNM pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, FNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
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-19.05%
EPS Next 3Y-2.34%
BIT:FNM (12/9/2025, 4:59:41 PM)
0.477
+0 (+0.85%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners6.88%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap207.45M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.71 (48.85%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
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)6.09%
PT rev (3m)6.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.29%
EPS NY rev (3m)-5.29%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.99 | ||
| Fwd PE | 4.12 | ||
| P/S | 0.15 | ||
| P/FCF | 3.82 | ||
| P/OCF | 1.34 | ||
| P/B | 0.51 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 0.57 |
EPS(TTM)0.24
EY50.31%
EPS(NY)0.12
Fwd EY24.28%
FCF(TTM)0.12
FCFY26.16%
OCF(TTM)0.36
OCFY74.87%
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
WACC3.84%
ROIC/WACC7.63
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-31.81%
EPS Next 2Y-19.05%
EPS Next 3Y-2.34%
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 2Y6.46%
Revenue Next 3Y6.22%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year137.64%
EBIT Next 3Y42.1%
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 1.99 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.