FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:FNV • CA3518581051

345.76 CAD
+28.42 (+8.96%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to FNV. FNV was compared to 812 industry peers in the Metals & Mining industry. FNV gets an excellent profitability rating and is at the same time showing great financial health properties. FNV is not valued too expensively and it also shows a decent growth rate. FNV also has an excellent dividend rating. This makes FNV very considerable for dividend and quality investing!


Dividend Valuation Growth Profitability Health

9

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.
  • In the past 5 years FNV always reported a positive cash flow from operatings.
FNV.CA Yearly Net Income VS EBIT VS OCF VS FCFFNV.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

  • FNV has a Return On Assets of 12.24%. This is amongst the best in the industry. FNV outperforms 94.70% of its industry peers.
  • Looking at the Return On Equity, with a value of 13.14%, FNV belongs to the top of the industry, outperforming 92.24% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.39%, FNV belongs to the top of the industry, outperforming 94.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FNV is below the industry average of 12.05%.
  • 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 RankSector 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%
FNV.CA Yearly ROA, ROE, ROICFNV.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • FNV has a better Profit Margin (59.48%) than 99.01% of its industry peers.
  • In the last couple of years the Profit Margin of FNV has grown nicely.
  • 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.
  • FNV has a Gross Margin of 72.00%. This is amongst the best in the industry. FNV outperforms 98.28% of its industry peers.
  • In the last couple of years the Gross Margin of FNV has grown nicely.
Industry RankSector 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%
FNV.CA Yearly Profit, Operating, Gross MarginsFNV.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • FNV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying 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.
FNV.CA Yearly Shares OutstandingFNV.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
FNV.CA Yearly Total Debt VS Total AssetsFNV.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 56.24 indicates that FNV is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 56.24, FNV belongs to the best of the industry, outperforming 82.51% of the companies in the same industry.
  • FNV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 56.24
ROIC/WACC1
WACC10.39%
FNV.CA Yearly LT Debt VS Equity VS FCFFNV.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 4.64 indicates that FNV has no problem at all paying 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 71.67% 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 71.67% of its industry peers.
Industry RankSector Rank
Current Ratio 4.64
Quick Ratio 4.55
FNV.CA Yearly Current Assets VS Current LiabilitesFNV.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

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.
  • The Earnings Per Share has been growing by 12.36% on average over the past years. This is quite good.
  • Looking at the last year, FNV shows a decrease in Revenue. The Revenue has decreased by -8.65% in the last 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.
  • FNV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.77% yearly.
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.
FNV.CA Yearly Revenue VS EstimatesFNV.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B 2.5B
FNV.CA Yearly EPS VS EstimatesFNV.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 54.19 indicates a quite expensive valuation of FNV.
  • Based on the Price/Earnings ratio, FNV is valued cheaper than 87.68% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.03, FNV is valued quite expensively.
  • A Price/Forward Earnings ratio of 34.55 indicates a quite expensive valuation of FNV.
  • 88.18% of the companies in the same industry are more expensive than FNV, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.97, FNV is valued a bit more expensive.
Industry RankSector Rank
PE 54.19
Fwd PE 34.55
FNV.CA Price Earnings VS Forward Price EarningsFNV.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaper than 90.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 35.35
FNV.CA Per share dataFNV.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

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.
  • The excellent profitability rating of FNV 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)0.83
PEG (5Y)4.38
EPS Next 2Y50.2%
EPS Next 3Y37.56%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • FNV has a yearly dividend return of 0.70%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.40, FNV pays a better dividend. On top of this FNV pays more dividend than 96.31% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, FNV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.7%

5.2 History

  • The dividend of FNV is nicely growing with an annual growth rate of 11.34%!
  • FNV has paid a dividend for at least 10 years, which is 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
FNV.CA Yearly Dividends per shareFNV.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

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%
FNV.CA Yearly Income VS Free CF VS DividendFNV.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M
FNV.CA Dividend Payout.FNV.CA Dividend Payout, showing the Payout Ratio.FNV.CA Dividend Payout.PayoutRetained Earnings

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FRANCO-NEVADA CORP

TSX:FNV (2/10/2026, 7:00:00 PM)

345.76

+28.42 (+8.96%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-03
Earnings (Next)03-09
Inst Owners81.4%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap66.66B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74.74
Price Target319.24 (-7.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.7%
Yearly Dividend1.72
Dividend Growth(5Y)11.34%
DP28.98%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-12
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)5.35%
PT rev (3m)8.72%
EPS NQ rev (1m)4.28%
EPS NQ rev (3m)22.33%
EPS NY rev (1m)0.9%
EPS NY rev (3m)5.79%
Revenue NQ rev (1m)1.91%
Revenue NQ rev (3m)7.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.63%
Valuation
Industry RankSector Rank
PE 54.19
Fwd PE 34.55
P/S 31.67
P/FCF N/A
P/OCF 37.39
P/B 7
P/tB 7
EV/EBITDA 35.35
EPS(TTM)6.38
EY1.85%
EPS(NY)10.01
Fwd EY2.89%
FCF(TTM)-6.04
FCFYN/A
OCF(TTM)9.25
OCFY2.67%
SpS10.92
BVpS49.41
TBVpS49.41
PEG (NY)0.83
PEG (5Y)4.38
Graham Number84.21
Profitability
Industry RankSector 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 RankSector 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 56.24
F-Score7
WACC10.39%
ROIC/WACC1
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)43.87%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
EPS Next Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y24.15%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year57.98%
Revenue Next 2Y42.18%
Revenue Next 3Y29.46%
Revenue Next 5Y18.77%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year114.95%
EBIT Next 3Y42.98%
EBIT Next 5Y26.67%
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 54.19 and the Price/Book (PB) ratio is 7.


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%.