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

TSX:FNV • CA3518581051

376.46 CAD
+1.99 (+0.53%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

Taking everything into account, FNV scores 7 out of 10 in our fundamental rating. FNV was compared to 802 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 has a correct valuation and a medium growth rate. FNV also has an excellent dividend rating. With these ratings, FNV could be worth investigating further for dividend and quality investing!.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • In the past year FNV was profitable.
  • In the past year FNV had a positive cash flow from operations.
  • Of the past 5 years FNV 4 years were profitable.
  • FNV had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of 12.24%, FNV belongs to the top of the industry, outperforming 94.64% of the companies in the same industry.
  • FNV has a Return On Equity of 13.14%. This is amongst the best in the industry. FNV outperforms 92.02% of its industry peers.
  • The Return On Invested Capital of FNV (10.39%) is better than 94.26% of its industry peers.
  • FNV had an Average Return On Invested Capital over the past 3 years of 8.75%. This is below the industry average of 12.22%.
  • 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

  • Looking at the Profit Margin, with a value of 59.48%, FNV belongs to the top of the industry, outperforming 99.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FNV has grown nicely.
  • FNV has a Operating Margin of 68.77%. This is amongst the best in the industry. FNV outperforms 99.63% of its industry peers.
  • In the last couple of years the Operating Margin of FNV has grown nicely.
  • FNV has a better Gross Margin (72.00%) than 98.38% of its industry peers.
  • FNV's Gross Margin has improved in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FNV is destroying value.
  • The number of shares outstanding for FNV has been increased compared to 1 year ago.
  • FNV has more shares outstanding than it did 5 years ago.
  • 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 61.97 indicates that FNV is not in any danger for bankruptcy at the moment.
  • FNV has a better Altman-Z score (61.97) than 83.04% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 61.97
ROIC/WACC0.99
WACC10.54%
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

  • 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.
  • FNV's Current ratio of 4.64 is fine compared to the rest of the industry. FNV outperforms 70.82% of its industry peers.
  • 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 better Quick ratio (4.55) than 70.82% 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

  • The Earnings Per Share has grown by an impressive 43.87% over the past year.
  • 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.
  • The Revenue has been growing slightly by 5.70% on average over the past years.
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 21.31% yearly.
  • Based on estimates for the next years, FNV will show a quite strong growth in Revenue. The Revenue will grow by 18.31% on average per year.
EPS Next Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y21.31%
Revenue Next Year59.87%
Revenue Next 2Y47.93%
Revenue Next 3Y32.96%
Revenue Next 5Y18.31%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 58.55, FNV can be considered very expensive at the moment.
  • 87.28% of the companies in the same industry are more expensive than FNV, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (27.05), we can say FNV is valued expensively.
  • With a Price/Forward Earnings ratio of 37.33, FNV can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 87.78% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (28.03), we can say FNV is valued slightly more expensively.
Industry RankSector Rank
PE 58.55
Fwd PE 37.33
FNV.CA Price Earnings VS Forward Price EarningsFNV.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • FNV's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FNV is cheaper than 90.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 39.03
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.
  • FNV's earnings are expected to grow with 37.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.89
PEG (5Y)4.74
EPS Next 2Y50.2%
EPS Next 3Y37.56%

More info and screens

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

7

5. Dividend

5.1 Amount

  • FNV has a yearly dividend return of 0.62%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.41, FNV pays a better dividend. On top of this FNV pays more dividend than 96.13% of the companies listed in the same industry.
  • With a Dividend Yield of 0.62, FNV pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.62%

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 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
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.
  • The dividend of FNV is growing, but earnings are growing more, so the dividend growth is 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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Find the best dividend stocksShow peers with best dividend

FRANCO-NEVADA CORP

TSX:FNV (2/25/2026, 7:00:00 PM)

376.46

+1.99 (+0.53%)

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 Cap72.57B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74.74
Price Target319.24 (-15.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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
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)1.99%
PT rev (3m)4.52%
EPS NQ rev (1m)5.14%
EPS NQ rev (3m)11.89%
EPS NY rev (1m)0%
EPS NY rev (3m)5.79%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)4.01%
Revenue NY rev (1m)1.2%
Revenue NY rev (3m)7.91%
Valuation
Industry RankSector Rank
PE 58.55
Fwd PE 37.33
P/S 34.23
P/FCF N/A
P/OCF 40.4
P/B 7.56
P/tB 7.56
EV/EBITDA 39.03
EPS(TTM)6.43
EY1.71%
EPS(NY)10.08
Fwd EY2.68%
FCF(TTM)-6.09
FCFYN/A
OCF(TTM)9.32
OCFY2.48%
SpS11
BVpS49.78
TBVpS49.78
PEG (NY)0.89
PEG (5Y)4.74
Graham Number84.87
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 61.97
F-Score7
WACC10.54%
ROIC/WACC0.99
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 5Y21.31%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year59.87%
Revenue Next 2Y47.93%
Revenue Next 3Y32.96%
Revenue Next 5Y18.31%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year114.95%
EBIT Next 3Y42.98%
EBIT Next 5Y25.03%
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 58.55 and the Price/Book (PB) ratio is 7.56.


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%.