FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.474 EUR
-0.01 (-1.25%)
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 scores excellent on profitability, but there are concerns on its financial health. FNM may be a bit undervalued, certainly considering the very reasonable score on growth FNM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
FNM had positive earnings in the past year.
In the past year FNM had a positive cash flow from operations.
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's Return On Assets of 4.55% is fine compared to the rest of the industry. FNM outperforms 61.54% of its industry peers.
FNM has a Return On Equity of 26.06%. This is in the better half of the industry: FNM outperforms 69.23% of its industry peers.
FNM's Return On Invested Capital of 29.28% is amongst the best of the industry. FNM outperforms 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 last Return On Invested Capital (29.28%) for FNM is above the 3 year average (15.22%), which is a sign of increasing profitability.
| 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 has a Profit Margin of 7.73%. This is comparable to the rest of the industry: FNM outperforms 53.85% of its industry peers.
In the last couple of years the Profit Margin of FNM has declined.
FNM's Operating Margin of 42.04% is amongst the best of 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 96.15%, 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.
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
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.
FNM's Altman-Z score of 1.59 is on the low side compared to the rest of the industry. FNM is outperformed by 69.23% of its industry peers.
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.
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.
FNM has a Debt/Equity ratio of 2.24. This is a high value indicating a heavy dependency on external financing.
FNM has a Debt to Equity ratio of 2.24. This is in the lower half of the industry: FNM underperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.57
WACC3.87%
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 (1.03) which is comparable to the rest of the industry.
A Quick Ratio of 1.01 indicates that FNM should not have too much problems paying its short term obligations.
FNM's Quick ratio of 1.01 is in line compared to the rest of the industry. FNM outperforms 53.85% of 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%.
The Earnings Per Share has been growing by 14.40% on average over the past years. This is quite good.
The Revenue has grown by 21.31% in the past year. This is a very strong growth!
The Revenue has been growing by 23.33% on average over the past years. This is a very strong growth!
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
The Earnings Per Share is expected to decrease by -2.34% 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-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.
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
FNM is valuated cheaply with a Price/Earnings ratio of 1.97.
Based on the Price/Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.39. FNM is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 4.08, the valuation of FNM can be described as very cheap.
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.
When comparing the Price/Forward Earnings ratio of FNM to the average of the S&P500 Index (23.84), we can say FNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.98 | ||
| Fwd PE | 4.08 |
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.
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 | 3.8 | ||
| EV/EBITDA | 0.57 |
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
With a Yearly Dividend Yield of 3.86%, 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 1.72. FNM pays more dividend than 84.62% of the companies in the same industry.
FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
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
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%
BIT:FNM (12/22/2025, 4:12:00 PM)
0.474
-0.01 (-1.25%)
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 Cap206.14M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.71 (49.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
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)-1.06%
EPS NY rev (3m)-10.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.98 | ||
| Fwd PE | 4.08 | ||
| P/S | 0.15 | ||
| P/FCF | 3.8 | ||
| P/OCF | 1.33 | ||
| P/B | 0.51 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | 0.57 |
EPS(TTM)0.24
EY50.63%
EPS(NY)0.12
Fwd EY24.5%
FCF(TTM)0.12
FCFY26.33%
OCF(TTM)0.36
OCFY75.34%
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
WACC3.87%
ROIC/WACC7.57
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-28.76%
EPS Next 2Y-18.94%
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 Year7.61%
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 1.98 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.