FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:FNM • IT0000060886
0.495 EUR
+0 (+0.41%)
Last: Jan 30, 2026, 07:00 PM
FNM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 14 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. 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
- Looking at the Return On Assets, with a value of 4.55%, FNM is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
- FNM has a better Return On Equity (26.06%) than 71.43% of its industry peers.
- 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 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
- Looking at the Profit Margin, with a value of 7.73%, FNM is in line with its industry, outperforming 57.14% of the companies in the same industry.
- In the last couple of years the Profit Margin of FNM has declined.
- FNM has a Operating Margin of 42.04%. This is amongst the best in the industry. FNM outperforms 100.00% of its industry peers.
- FNM's Operating Margin has improved in the last couple of years.
- 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
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so FNM is creating value.
- Compared to 1 year ago, FNM has about the same amount of shares outstanding.
- 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.
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.
- FNM has a Altman-Z score of 1.59. This is in the lower half of the industry: FNM underperforms 71.43% of its industry peers.
- 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.
- 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 64.29% 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.
- FNM's Debt to Equity ratio of 2.24 is on the low side compared to the rest of the industry. FNM is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.41
WACC3.95%
2.3 Liquidity
- A Current Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
- The Current ratio of FNM (1.03) is comparable to the rest of the industry.
- FNM has a Quick Ratio of 1.01. 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 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
- The earnings per share for FNM have decreased by -5.79% in the last year.
- 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 a strong growth in Revenue. In the last year, 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.
- 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-28.76%
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
- 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
- The Price/Earnings ratio is 2.06, 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.
- When comparing the Price/Earnings ratio of FNM to the average of the S&P500 Index (28.30), we can say FNM is valued rather cheaply.
- FNM is valuated cheaply with a Price/Forward Earnings ratio of 4.26.
- 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 is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.06 | ||
| Fwd PE | 4.26 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
- FNM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.97 | ||
| EV/EBITDA | 0.58 |
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 -2.34% in the coming years. This may justify a cheaper valuation.
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%.
- 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.
- FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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
- 7.67% of the earnings are spent on dividend by FNM. This is a low number and 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%.