FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
311.11 CAD
+5.82 (+1.91%)
Last:
This FNV.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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.
- 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 Return On Assets of 13.49%. This is amongst the best in the industry. FNV outperforms 94.15% of its industry peers.
- FNV has a Return On Equity of 14.57%. This is amongst the best in the industry. FNV outperforms 92.16% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 12.08%, FNV belongs to the top of the industry, outperforming 94.53% of the companies in the same industry.
- FNV had an Average Return On Invested Capital over the past 3 years of 10.02%. This is below the industry average of 12.70%.
- The last Return On Invested Capital (12.08%) for FNV is above the 3 year average (10.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.49% | ||
| ROE | 14.57% | ||
| ROIC | 12.08% |
ROA(3y)4.81%
ROA(5y)7.36%
ROE(3y)5.23%
ROE(5y)7.76%
ROIC(3y)10.02%
ROIC(5y)9.83%
1.3 Margins
- Looking at the Profit Margin, with a value of 61.01%, FNV belongs to the top of the industry, outperforming 98.76% of the companies in the same industry.
- FNV's Profit Margin has improved in the last couple of years.
- FNV has a Operating Margin of 71.37%. This is amongst the best in the industry. FNV outperforms 99.75% of its industry peers.
- In the last couple of years the Operating Margin of FNV has grown nicely.
- With an excellent Gross Margin value of 73.91%, FNV belongs to the best of the industry, outperforming 98.63% of the companies in the same industry.
- FNV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 71.37% | ||
| PM (TTM) | 61.01% | ||
| GM | 73.91% |
OM growth 3Y4.62%
OM growth 5Y4.24%
PM growth 3Y4.64%
PM growth 5Y13.79%
GM growth 3Y4.48%
GM growth 5Y3.98%
2. FNV.CA Health Analysis
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 has been reduced compared to 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 44.42. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
- FNV has a better Altman-Z score (44.42) than 81.22% 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 | 44.42 |
ROIC/WACC1.07
WACC11.32%
2.3 Liquidity
- FNV has a Current Ratio of 8.30. 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 8.30, FNV belongs to the top of the industry, outperforming 80.85% of the companies in the same industry.
- A Quick Ratio of 7.98 indicates that FNV has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 7.98, FNV is in the better half of the industry, outperforming 79.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.3 | ||
| Quick Ratio | 7.98 |
3. FNV.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 71.47% over the past year.
- FNV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.58% yearly.
- Looking at the last year, FNV shows a very strong growth in Revenue. The Revenue has grown by 63.69%.
- FNV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.31% yearly.
EPS 1Y (TTM)71.47%
EPS 3Y15.37%
EPS 5Y15.58%
EPS Q2Q%94.74%
Revenue 1Y (TTM)63.69%
Revenue growth 3Y11.48%
Revenue growth 5Y12.31%
Sales Q2Q%86.07%
3.2 Future
- FNV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.61% yearly.
- Based on estimates for the next years, FNV will show a quite strong growth in Revenue. The Revenue will grow by 9.67% on average per year.
EPS Next Y51.39%
EPS Next 2Y27.47%
EPS Next 3Y4.82%
EPS Next 5Y8.61%
Revenue Next Year38.66%
Revenue Next 2Y21.56%
Revenue Next 3Y0.67%
Revenue Next 5Y9.67%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. FNV.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 40.61, which means the current valuation is very expensive for FNV.
- Based on the Price/Earnings ratio, FNV is valued cheaper than 87.19% of the companies in the same industry.
- When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (25.54), we can say FNV is valued expensively.
- A Price/Forward Earnings ratio of 26.82 indicates a quite expensive valuation of FNV.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 87.31% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, FNV is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.61 | ||
| Fwd PE | 26.82 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaper than 89.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 26.8 |
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.
PEG (NY)0.79
PEG (5Y)2.61
EPS Next 2Y27.47%
EPS Next 3Y4.82%
5. FNV.CA Dividend Analysis
5.1 Amount
- FNV has a yearly dividend return of 0.68%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.49, FNV pays a better dividend. On top of this FNV pays more dividend than 96.27% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.89, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
5.2 History
- The dividend of FNV is nicely growing with an annual growth rate of 11.84%!
- 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)11.84%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
- FNV pays out 24.74% of its income as dividend. This is a sustainable payout ratio.
- The dividend of FNV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP24.74%
EPS Next 2Y27.47%
EPS Next 3Y4.82%
FNV.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FNV (3/23/2026, 7:00:00 PM)
311.11
+5.82 (+1.91%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10 2026-03-10/amc
Earnings (Next)04-27 2026-04-27
Inst Owners82.34%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap59.98B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target355.5 (14.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
Yearly Dividend1.95
Dividend Growth(5Y)11.84%
DP24.74%
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)7.06%
Min EPS beat(2)4.26%
Max EPS beat(2)9.87%
EPS beat(4)4
Avg EPS beat(4)7.22%
Min EPS beat(4)4.26%
Max EPS beat(4)9.87%
EPS beat(8)6
Avg EPS beat(8)2.96%
EPS beat(12)9
Avg EPS beat(12)2.3%
EPS beat(16)11
Avg EPS beat(16)1.53%
Revenue beat(2)2
Avg Revenue beat(2)8.75%
Min Revenue beat(2)8.3%
Max Revenue beat(2)9.2%
Revenue beat(4)3
Avg Revenue beat(4)7.88%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)17.27%
Revenue beat(8)4
Avg Revenue beat(8)2.36%
Revenue beat(12)5
Avg Revenue beat(12)0.5%
Revenue beat(16)6
Avg Revenue beat(16)-0.04%
PT rev (1m)11.36%
PT rev (3m)16.34%
EPS NQ rev (1m)19.76%
EPS NQ rev (3m)27.45%
EPS NY rev (1m)15.06%
EPS NY rev (3m)17.79%
Revenue NQ rev (1m)16.37%
Revenue NQ rev (3m)16.83%
Revenue NY rev (1m)1.52%
Revenue NY rev (3m)10%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.61 | ||
| Fwd PE | 26.82 | ||
| P/S | 24.01 | ||
| P/FCF | N/A | ||
| P/OCF | 29.29 | ||
| P/B | 5.73 | ||
| P/tB | 5.73 | ||
| EV/EBITDA | 26.8 |
EPS(TTM)7.66
EY2.46%
EPS(NY)11.6
Fwd EY3.73%
FCF(TTM)-5
FCFYN/A
OCF(TTM)10.62
OCFY3.41%
SpS12.96
BVpS54.29
TBVpS54.29
PEG (NY)0.79
PEG (5Y)2.61
Graham Number96.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.49% | ||
| ROE | 14.57% | ||
| ROCE | 16.02% | ||
| ROIC | 12.08% | ||
| ROICexc | 13.17% | ||
| ROICexgc | 13.17% | ||
| OM | 71.37% | ||
| PM (TTM) | 61.01% | ||
| GM | 73.91% | ||
| FCFM | N/A |
ROA(3y)4.81%
ROA(5y)7.36%
ROE(3y)5.23%
ROE(5y)7.76%
ROIC(3y)10.02%
ROIC(5y)9.83%
ROICexc(3y)12.23%
ROICexc(5y)11.76%
ROICexgc(3y)12.23%
ROICexgc(5y)11.76%
ROCE(3y)13.29%
ROCE(5y)13.04%
ROICexgc growth 3Y4.65%
ROICexgc growth 5Y8.13%
ROICexc growth 3Y4.65%
ROICexc growth 5Y8.13%
OM growth 3Y4.62%
OM growth 5Y4.24%
PM growth 3Y4.64%
PM growth 5Y13.79%
GM growth 3Y4.48%
GM growth 5Y3.98%
F-Score7
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 716.24% | ||
| Cap/Sales | 120.51% | ||
| Interest Coverage | 325.23 | ||
| Cash Conversion | 92.91% | ||
| Profit Quality | N/A | ||
| Current Ratio | 8.3 | ||
| Quick Ratio | 7.98 | ||
| Altman-Z | 44.42 |
F-Score7
WACC11.32%
ROIC/WACC1.07
Cap/Depr(3y)362.77%
Cap/Depr(5y)278.32%
Cap/Sales(3y)66.65%
Cap/Sales(5y)53.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.47%
EPS 3Y15.37%
EPS 5Y15.58%
EPS Q2Q%94.74%
EPS Next Y51.39%
EPS Next 2Y27.47%
EPS Next 3Y4.82%
EPS Next 5Y8.61%
Revenue 1Y (TTM)63.69%
Revenue growth 3Y11.48%
Revenue growth 5Y12.31%
Sales Q2Q%86.07%
Revenue Next Year38.66%
Revenue Next 2Y21.56%
Revenue Next 3Y0.67%
Revenue Next 5Y9.67%
EBIT growth 1Y81.08%
EBIT growth 3Y16.63%
EBIT growth 5Y17.07%
EBIT Next Year75.27%
EBIT Next 3Y8.47%
EBIT Next 5Y13.48%
FCF growth 1Y-266.79%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y80.07%
OCF growth 3Y14.33%
OCF growth 5Y13.19%
FRANCO-NEVADA CORP / FNV.CA Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for FRANCO-NEVADA CORP?
ChartMill assigns a fundamental rating of 8 / 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 40.61 and the Price/Book (PB) ratio is 5.73.
How sustainable is the dividend of FRANCO-NEVADA CORP (FNV.CA) stock?
The dividend rating of FRANCO-NEVADA CORP (FNV.CA) is 6 / 10 and the dividend payout ratio is 24.74%.