FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
358.81 CAD
-1.67 (-0.46%)
Last: Mar 12, 2026, 07:00 PM
This FNV.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 7 out of 10 to FNV. FNV was compared to 815 industry peers in the Metals & Mining industry. FNV scores excellent points on both the profitability and health parts. This is a solid base for a good stock. FNV is not valued too expensively and it also shows a decent growth rate. FNV also has an excellent dividend rating. These ratings could make FNV a good candidate for dividend and quality investing.
1. FNV.CA Profitability Analysis
1.1 Basic Checks
- In the past year FNV was profitable.
- In the past year FNV had a positive cash flow from operations.
- FNV had positive earnings in 4 of the past 5 years.
- In the past 5 years FNV always reported a positive cash flow from operatings.
1.2 Ratios
- FNV's Return On Assets of 12.24% is amongst the best of the industry. FNV outperforms 93.62% of its industry peers.
- With an excellent Return On Equity value of 13.14%, FNV belongs to the best of the industry, outperforming 91.41% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 10.39%, FNV belongs to the best of the industry, outperforming 93.99% of the companies in the same industry.
- FNV had an Average Return On Invested Capital over the past 3 years of 8.75%. This is below the industry average of 12.69%.
- The last Return On Invested Capital (10.39%) for FNV is above the 3 year average (8.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.24% | ||
| ROE | 13.14% | ||
| ROIC | 10.39% |
ROA(3y)3.84%
ROA(5y)5.83%
ROE(3y)4.01%
ROE(5y)6.04%
ROIC(3y)8.75%
ROIC(5y)8.65%
1.3 Margins
- Looking at the Profit Margin, with a value of 59.48%, FNV belongs to the top of the industry, outperforming 98.90% of the companies in the same industry.
- FNV's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 68.77%, FNV belongs to the top of the industry, outperforming 99.63% of the companies in the same industry.
- In the last couple of years the Operating Margin of FNV has grown nicely.
- FNV has a Gross Margin of 72.00%. This is amongst the best in the industry. FNV outperforms 98.16% of its industry peers.
- In the last couple of years the Gross Margin of FNV has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 68.77% | ||
| PM (TTM) | 59.48% | ||
| GM | 72% |
OM growth 3Y1.96%
OM growth 5Y5.98%
PM growth 3Y-4.23%
PM growth 5Y3.99%
GM growth 3Y2.54%
GM growth 5Y5.71%
2. FNV.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FNV is creating some value.
- FNV has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, FNV has more shares outstanding
- FNV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- FNV has an Altman-Z score of 60.20. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
- FNV's Altman-Z score of 60.20 is amongst the best of the industry. FNV outperforms 81.84% of its industry peers.
- FNV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 60.2 |
ROIC/WACC1.02
WACC10.18%
2.3 Liquidity
- A Current Ratio of 4.64 indicates that FNV has no problem at all paying its short term obligations.
- FNV has a Current ratio of 4.64. This is in the better half of the industry: FNV outperforms 70.43% of its industry peers.
- A Quick Ratio of 4.55 indicates that FNV has no problem at all paying its short term obligations.
- With a decent Quick ratio value of 4.55, FNV is doing good in the industry, outperforming 70.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.64 | ||
| Quick Ratio | 4.55 |
3. FNV.CA Growth Analysis
3.1 Past
- FNV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.47%, which is quite impressive.
- FNV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.36% yearly.
- FNV shows a decrease in Revenue. In the last year, the revenue decreased by -8.65%.
- The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)71.47%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%94.74%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%86.07%
3.2 Future
- Based on estimates for the next years, FNV will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.99% on average per year.
- The Revenue is expected to grow by 18.31% on average over the next years. This is quite good.
EPS Next Y67.2%
EPS Next 2Y61.12%
EPS Next 3Y40.71%
EPS Next 5Y18.99%
Revenue Next Year60.23%
Revenue Next 2Y49.06%
Revenue Next 3Y33.29%
Revenue Next 5Y18.31%
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 accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. FNV.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 47.21 indicates a quite expensive valuation of FNV.
- FNV's Price/Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 87.73% of the companies in the same industry.
- FNV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.71.
- FNV is valuated quite expensively with a Price/Forward Earnings ratio of 31.19.
- Based on the Price/Forward Earnings ratio, FNV is valued cheaper than 87.73% of the companies in the same industry.
- FNV's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.21 | ||
| Fwd PE | 31.19 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 89.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 37.89 |
4.3 Compensation for Growth
- FNV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- FNV has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as FNV's earnings are expected to grow with 40.71% in the coming years.
PEG (NY)0.7
PEG (5Y)3.82
EPS Next 2Y61.12%
EPS Next 3Y40.71%
5. FNV.CA Dividend Analysis
5.1 Amount
- FNV has a yearly dividend return of 0.62%, which is pretty low.
- FNV's Dividend Yield is rather good when compared to the industry average which is at 0.41. FNV pays more dividend than 96.44% of the companies in the same industry.
- With a Dividend Yield of 0.62, FNV pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
5.2 History
- On average, the dividend of FNV grows each year by 11.34%, which is quite nice.
- FNV has been paying a dividend for at least 10 years, so it has a reliable track record.
- FNV has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.34%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
- FNV pays out 28.98% of its income as dividend. This is a sustainable payout ratio.
- The dividend of FNV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.98%
EPS Next 2Y61.12%
EPS Next 3Y40.71%
FNV.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FNV (3/12/2026, 7:00:00 PM)
358.81
-1.67 (-0.46%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10 2026-03-10/amc
Earnings (Next)N/A N/A
Inst Owners82.34%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap69.17B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74
Price Target355.5 (-0.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
Yearly Dividend1.72
Dividend Growth(5Y)11.34%
DP28.98%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-12 2026-03-12 (0.44)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.39%
Min EPS beat(2)4.26%
Max EPS beat(2)8.51%
EPS beat(4)4
Avg EPS beat(4)6.13%
Min EPS beat(4)4.26%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.53%
EPS beat(12)9
Avg EPS beat(12)1.71%
EPS beat(16)10
Avg EPS beat(16)0.8%
Revenue beat(2)1
Avg Revenue beat(2)2.96%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)9.2%
Revenue beat(4)3
Avg Revenue beat(4)6.78%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)17.27%
Revenue beat(8)4
Avg Revenue beat(8)1.44%
Revenue beat(12)5
Avg Revenue beat(12)0.16%
Revenue beat(16)5
Avg Revenue beat(16)-0.59%
PT rev (1m)11.36%
PT rev (3m)16.34%
EPS NQ rev (1m)1.55%
EPS NQ rev (3m)9.47%
EPS NY rev (1m)1.04%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)5.52%
Revenue NY rev (1m)1.43%
Revenue NY rev (3m)1.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.21 | ||
| Fwd PE | 31.19 | ||
| P/S | 32.91 | ||
| P/FCF | N/A | ||
| P/OCF | 38.84 | ||
| P/B | 7.27 | ||
| P/tB | 7.27 | ||
| EV/EBITDA | 37.89 |
EPS(TTM)7.6
EY2.12%
EPS(NY)11.5
Fwd EY3.21%
FCF(TTM)-6.04
FCFYN/A
OCF(TTM)9.24
OCFY2.57%
SpS10.9
BVpS49.35
TBVpS49.35
PEG (NY)0.7
PEG (5Y)3.82
Graham Number91.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.24% | ||
| ROE | 13.14% | ||
| ROCE | 14.37% | ||
| ROIC | 10.39% | ||
| ROICexc | 10.73% | ||
| ROICexgc | 10.73% | ||
| OM | 68.77% | ||
| PM (TTM) | 59.48% | ||
| GM | 72% | ||
| FCFM | N/A |
ROA(3y)3.84%
ROA(5y)5.83%
ROE(3y)4.01%
ROE(5y)6.04%
ROIC(3y)8.75%
ROIC(5y)8.65%
ROICexc(3y)11.19%
ROICexc(5y)10.45%
ROICexgc(3y)11.19%
ROICexgc(5y)10.45%
ROCE(3y)12.11%
ROCE(5y)11.97%
ROICexgc growth 3Y2.02%
ROICexgc growth 5Y13.31%
ROICexc growth 3Y2.02%
ROICexc growth 5Y13.31%
OM growth 3Y1.96%
OM growth 5Y5.98%
PM growth 3Y-4.23%
PM growth 5Y3.99%
GM growth 3Y2.54%
GM growth 5Y5.71%
F-Score7
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 775.41% | ||
| Cap/Sales | 140.09% | ||
| Interest Coverage | 332.34 | ||
| Cash Conversion | 97.57% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.64 | ||
| Quick Ratio | 4.55 | ||
| Altman-Z | 60.2 |
F-Score7
WACC10.18%
ROIC/WACC1.02
Cap/Depr(3y)140.51%
Cap/Depr(5y)161.01%
Cap/Sales(3y)30.06%
Cap/Sales(5y)35.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.47%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%94.74%
EPS Next Y67.2%
EPS Next 2Y61.12%
EPS Next 3Y40.71%
EPS Next 5Y18.99%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%86.07%
Revenue Next Year60.23%
Revenue Next 2Y49.06%
Revenue Next 3Y33.29%
Revenue Next 5Y18.31%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year116.61%
EBIT Next 3Y45.78%
EBIT Next 5Y23.85%
FCF growth 1Y-301.48%
FCF growth 3Y29.32%
FCF growth 5Y19.56%
OCF growth 1Y32.75%
OCF growth 3Y-4.6%
OCF growth 5Y6.07%
FRANCO-NEVADA CORP / FNV.CA FAQ
Can you provide the ChartMill fundamental rating for FRANCO-NEVADA CORP?
ChartMill assigns a fundamental rating of 7 / 10 to FNV.CA.
Can you provide the valuation status for FRANCO-NEVADA CORP?
ChartMill assigns a valuation rating of 5 / 10 to FRANCO-NEVADA CORP (FNV.CA). This can be considered as Fairly Valued.
What is the profitability of FNV stock?
FRANCO-NEVADA CORP (FNV.CA) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for FNV stock?
The Price/Earnings (PE) ratio for FRANCO-NEVADA CORP (FNV.CA) is 47.21 and the Price/Book (PB) ratio is 7.27.
How sustainable is the dividend of FRANCO-NEVADA CORP (FNV.CA) stock?
The dividend rating of FRANCO-NEVADA CORP (FNV.CA) is 7 / 10 and the dividend payout ratio is 28.98%.