FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:FNV • CA3518581051
353.52 CAD
-9.8 (-2.7%)
Last: Jan 29, 2026, 07:00 PM
Taking everything into account, FNV scores 7 out of 10 in our fundamental rating. FNV was compared to 820 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making FNV a very profitable company, without any liquidiy or solvency issues. FNV has a correct valuation and a medium growth rate. FNV also has an excellent dividend rating. These ratings could make FNV a good candidate for dividend and quality investing.
1. Profitability
1.1 Basic Checks
- In the past year FNV was profitable.
- FNV had a positive operating cash flow in the past year.
- Of the past 5 years FNV 4 years were profitable.
- Each year in the past 5 years FNV had a positive operating cash flow.
1.2 Ratios
- FNV has a better Return On Assets (12.24%) than 94.63% of its industry peers.
- The Return On Equity of FNV (13.14%) is better than 92.32% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.39%, FNV belongs to the top of the industry, outperforming 94.27% 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 12.04%.
- The 3 year average ROIC (8.75%) for FNV is below the current ROIC(10.39%), indicating increased profibility in the last year.
| 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
- With an excellent Profit Margin value of 59.48%, FNV belongs to the best of the industry, outperforming 99.02% of the companies in the same industry.
- FNV's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 68.77%, FNV belongs to the best 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.
- Looking at the Gross Margin, with a value of 72.00%, FNV belongs to the top of the industry, outperforming 98.29% of the companies in the same industry.
- FNV's Gross Margin has improved in the last couple of years.
| 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. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FNV is still creating some value.
- Compared to 1 year ago, FNV has more shares outstanding
- Compared to 5 years ago, FNV has more shares outstanding
- There is no outstanding debt for FNV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- An Altman-Z score of 59.36 indicates that FNV is not in any danger for bankruptcy at the moment.
- The Altman-Z score of FNV (59.36) is better than 82.32% of its industry peers.
- There is no outstanding debt for FNV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 59.36 |
ROIC/WACC1.06
WACC9.77%
2.3 Liquidity
- FNV has a Current Ratio of 4.64. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 4.64, FNV is in the better half of the industry, outperforming 72.44% of the companies in the same industry.
- FNV has a Quick Ratio of 4.55. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
- FNV has a Quick ratio of 4.55. This is in the better half of the industry: FNV outperforms 72.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.64 | ||
| Quick Ratio | 4.55 |
3. Growth
3.1 Past
- FNV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43.87%, 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.
- The Revenue has decreased by -8.65% in the past year.
- FNV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.70% yearly.
EPS 1Y (TTM)43.87%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
3.2 Future
- FNV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.15% yearly.
- The Revenue is expected to grow by 18.77% on average over the next years. This is quite good.
EPS Next Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y24.15%
Revenue Next Year57.98%
Revenue Next 2Y42.18%
Revenue Next 3Y29.46%
Revenue Next 5Y18.77%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- FNV is valuated quite expensively with a Price/Earnings ratio of 55.76.
- Based on the Price/Earnings ratio, FNV is valued cheaper than 87.44% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.39, FNV is valued quite expensively.
- A Price/Forward Earnings ratio of 35.54 indicates a quite expensive valuation of FNV.
- FNV's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 88.17% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (25.72), we can say FNV is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.76 | ||
| Fwd PE | 35.54 |
4.2 Price Multiples
- FNV's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FNV is cheaper than 90.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 37.35 |
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 37.56% in the coming years.
PEG (NY)0.85
PEG (5Y)4.51
EPS Next 2Y50.2%
EPS Next 3Y37.56%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.61%, FNV is not a good candidate for dividend investing.
- FNV's Dividend Yield is rather good when compared to the industry average which is at 0.56. FNV pays more dividend than 96.22% of the companies in the same industry.
- With a Dividend Yield of 0.61, FNV pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
- FNV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.98%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
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 55.76 and the Price/Book (PB) ratio is 7.2.
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%.