FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
TSX:FNV - Toronto Stock Exchange - CA3518581051 - Common Stock
FNV gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 825 industry peers in the Metals & Mining industry. FNV is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. FNV is not valued too expensively and it also shows a decent growth rate.
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.
FNV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FNV has a Return On Assets (-9.62%) which is in line with its industry peers.
The Return On Equity of FNV (-10.12%) is better than 61.35% of its industry peers.
With an excellent Return On Invested Capital value of 9.27%, FNV belongs to the best of the industry, outperforming 95.41% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FNV is in line with the industry average of 11.88%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -10.12% | ||
| ROIC | 9.27% |
ROA(3y)4.87%
ROA(5y)5.39%
ROE(3y)5%
ROE(5y)5.56%
ROIC(3y)10.56%
ROIC(5y)9.44%
1.3 Margins
With an excellent Operating Margin value of 62.77%, FNV belongs to the best of the industry, outperforming 99.46% of the companies in the same industry.
In the last couple of years the Operating Margin of FNV has grown nicely.
FNV has a better Gross Margin (65.88%) than 98.24% of its industry peers.
In the last couple of years the Gross Margin of FNV has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 62.77% | ||
| PM (TTM) | N/A | ||
| GM | 65.88% |
OM growth 3Y1.43%
OM growth 5Y8.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.13%
GM growth 5Y7.41%
2. Health
2.1 Basic Checks
FNV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for FNV remains at a similar level 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.
2.2 Solvency
An Altman-Z score of 47.47 indicates that FNV is not in any danger for bankruptcy at the moment.
FNV has a Altman-Z score of 47.47. This is amongst the best in the industry. FNV outperforms 88.78% 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 | 0 | ||
| Altman-Z | 47.47 |
ROIC/WACC0.92
WACC10.1%
2.3 Liquidity
A Current Ratio of 23.39 indicates that FNV has no problem at all paying its short term obligations.
FNV has a Current ratio of 23.39. This is amongst the best in the industry. FNV outperforms 92.70% of its industry peers.
A Quick Ratio of 23.39 indicates that FNV has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 23.39, FNV belongs to the best of the industry, outperforming 92.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 23.39 | ||
| Quick Ratio | 23.39 |
3. Growth
3.1 Past
The earnings per share for FNV have decreased by -8.55% in the last year.
Measured over the past years, FNV shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.07% on average per year.
The Revenue for FNV has decreased by -11.34% in the past year. This is quite bad
FNV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.29% yearly.
EPS 1Y (TTM)-8.55%
EPS 3Y9.42%
EPS 5Y25.07%
EPS Q2Q%-12.09%
Revenue 1Y (TTM)-11.34%
Revenue growth 3Y6.11%
Revenue growth 5Y13.29%
Sales Q2Q%-10.99%
3.2 Future
The Earnings Per Share is expected to grow by 6.61% on average over the next years.
FNV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.31% yearly.
EPS Next Y-8.99%
EPS Next 2Y7.2%
EPS Next 3Y9.67%
EPS Next 5Y6.61%
Revenue Next Year-8.7%
Revenue Next 2Y5.47%
Revenue Next 3Y8.34%
Revenue Next 5Y6.31%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 39.32, FNV can be considered very expensive at the moment.
Based on the Price/Earnings ratio, FNV is valued cheaply inside the industry as 87.16% of the companies are valued more expensively.
FNV is valuated rather expensively when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 30.91, which means the current valuation is very expensive for FNV.
FNV's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 86.49% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.11, FNV is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.32 | ||
| Fwd PE | 30.91 |
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 87.84% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 90.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 63.52 | ||
| EV/EBITDA | 24.9 |
4.3 Compensation for Growth
FNV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.57
EPS Next 2Y7.2%
EPS Next 3Y9.67%
5. Dividend
5.1 Amount
With a yearly dividend of 0.80%, FNV is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.30, FNV pays a better dividend. On top of this FNV pays more dividend than 94.86% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
5.2 History
The dividend of FNV is nicely growing with an annual growth rate of 10.68%!
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)10.68%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
The earnings of FNV are negative and hence is the payout ratio. FNV will probably not be able to sustain this dividend level.
FNV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-39.63%
EPS Next 2Y7.2%
EPS Next 3Y9.67%
FRANCO-NEVADA CORP
TSX:FNV (1/17/2025, 7:00:00 PM)
182.04
+2.3 (+1.28%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners77.7%
Inst Owner ChangeN/A
Ins Owners0.7%
Ins Owner ChangeN/A
Market Cap35.04B
Analysts78.1
Price Target213.6 (17.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Yearly Dividend1.21
Dividend Growth(5Y)10.68%
DP-39.63%
Div Incr Years16
Div Non Decr Years16
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.93%
Min EPS beat(2)-9.32%
Max EPS beat(2)-6.54%
EPS beat(4)2
Avg EPS beat(4)-1.06%
Min EPS beat(4)-9.32%
Max EPS beat(4)6.46%
EPS beat(8)5
Avg EPS beat(8)-0.5%
EPS beat(12)6
Avg EPS beat(12)-0.97%
EPS beat(16)10
Avg EPS beat(16)1.13%
Revenue beat(2)0
Avg Revenue beat(2)-3.84%
Min Revenue beat(2)-4.67%
Max Revenue beat(2)-3.01%
Revenue beat(4)1
Avg Revenue beat(4)-3.9%
Min Revenue beat(4)-8.88%
Max Revenue beat(4)0.97%
Revenue beat(8)2
Avg Revenue beat(8)-3.14%
Revenue beat(12)2
Avg Revenue beat(12)-3.05%
Revenue beat(16)5
Avg Revenue beat(16)-1.36%
PT rev (1m)1.31%
PT rev (3m)5.68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)17.76%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)13.53%
Revenue NY rev (1m)0.72%
Revenue NY rev (3m)-1.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.32 | ||
| Fwd PE | 30.91 | ||
| P/S | 22.15 | ||
| P/FCF | 63.52 | ||
| P/OCF | 27.9 | ||
| P/B | 4.06 | ||
| P/tB | 4.06 | ||
| EV/EBITDA | 24.9 |
EPS(TTM)4.63
EY2.54%
EPS(NY)5.89
Fwd EY3.23%
FCF(TTM)2.87
FCFY1.57%
OCF(TTM)6.52
OCFY3.58%
SpS8.22
BVpS44.89
TBVpS44.89
PEG (NY)N/A
PEG (5Y)1.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -10.12% | ||
| ROCE | 11.04% | ||
| ROIC | 9.27% | ||
| ROICexc | 11.76% | ||
| ROICexgc | 11.76% | ||
| OM | 62.77% | ||
| PM (TTM) | N/A | ||
| GM | 65.88% | ||
| FCFM | 34.88% |
ROA(3y)4.87%
ROA(5y)5.39%
ROE(3y)5%
ROE(5y)5.56%
ROIC(3y)10.56%
ROIC(5y)9.44%
ROICexc(3y)12.77%
ROICexc(5y)10.99%
ROICexgc(3y)12.77%
ROICexgc(5y)10.99%
ROCE(3y)12.56%
ROCE(5y)11.23%
ROICexcg growth 3Y11.25%
ROICexcg growth 5Y24.36%
ROICexc growth 3Y11.25%
ROICexc growth 5Y24.36%
OM growth 3Y1.43%
OM growth 5Y8.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.13%
GM growth 5Y7.41%
F-Score4
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 208.28% | ||
| Cap/Sales | 44.51% | ||
| Interest Coverage | 343.95 | ||
| Cash Conversion | 94.35% | ||
| Profit Quality | N/A | ||
| Current Ratio | 23.39 | ||
| Quick Ratio | 23.39 | ||
| Altman-Z | 47.47 |
F-Score4
WACC10.1%
ROIC/WACC0.92
Cap/Depr(3y)164.76%
Cap/Depr(5y)158.63%
Cap/Sales(3y)37.35%
Cap/Sales(5y)39.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.55%
EPS 3Y9.42%
EPS 5Y25.07%
EPS Q2Q%-12.09%
EPS Next Y-8.99%
EPS Next 2Y7.2%
EPS Next 3Y9.67%
EPS Next 5Y6.61%
Revenue 1Y (TTM)-11.34%
Revenue growth 3Y6.11%
Revenue growth 5Y13.29%
Sales Q2Q%-10.99%
Revenue Next Year-8.7%
Revenue Next 2Y5.47%
Revenue Next 3Y8.34%
Revenue Next 5Y6.31%
EBIT growth 1Y-7.4%
EBIT growth 3Y7.63%
EBIT growth 5Y22.75%
EBIT Next Year19.14%
EBIT Next 3Y18.65%
EBIT Next 5Y11.92%
FCF growth 1Y-60.33%
FCF growth 3Y-1.49%
FCF growth 5YN/A
OCF growth 1Y-12.93%
OCF growth 3Y7.23%
OCF growth 5Y15.86%