FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
TSX:FNV • CA3518581051
381.24 CAD
-2.5 (-0.65%)
Last: Feb 27, 2026, 07:00 PM
We assign a fundamental rating of 7 out of 10 to FNV. FNV was compared to 816 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. With these ratings, FNV could be worth investigating further for dividend and quality investing!.
1. Profitability
1.1 Basic Checks
- FNV had positive earnings in the past year.
- In the past year FNV had a positive cash flow from operations.
- Of the past 5 years FNV 4 years were profitable.
- In the past 5 years FNV always reported a positive cash flow from operatings.
1.2 Ratios
- FNV has a better Return On Assets (12.24%) than 93.82% of its industry peers.
- With an excellent Return On Equity value of 13.14%, FNV belongs to the best of the industry, outperforming 91.35% of the companies in the same industry.
- FNV has a better Return On Invested Capital (10.39%) than 94.07% 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 12.59%.
- 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 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 98.89% of the companies in the same industry.
- In the last couple of years the Profit Margin of FNV has grown nicely.
- FNV has a better Operating Margin (68.77%) than 99.63% of its industry peers.
- FNV's Operating Margin has improved in the last couple of years.
- FNV's Gross Margin of 72.00% is amongst the best of the industry. FNV outperforms 98.27% of its industry peers.
- In the last couple of years the Gross Margin of FNV has grown nicely.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FNV is destroying value.
- Compared to 1 year ago, FNV has more shares outstanding
- The number of shares outstanding for FNV has been increased compared to 5 years ago.
- 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
- An Altman-Z score of 63.26 indicates that FNV is not in any danger for bankruptcy at the moment.
- FNV has a better Altman-Z score (63.26) than 82.45% 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 | 63.26 |
ROIC/WACC0.98
WACC10.55%
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.
- The Current ratio of FNV (4.64) is better than 70.46% of its industry peers.
- A Quick Ratio of 4.55 indicates that FNV has no problem at all paying its short term obligations.
- FNV has a Quick ratio of 4.55. This is in the better half of the industry: FNV outperforms 70.58% 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.
- Looking at the last year, FNV shows a decrease in Revenue. The Revenue has decreased by -8.65% in the last year.
- Measured over the past years, FNV shows a small growth in Revenue. The Revenue has been growing by 5.70% on average per year.
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
- The Earnings Per Share is expected to grow by 21.31% on average over the next years. This is a very strong growth
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 59.48 indicates a quite expensive valuation of FNV.
- Based on the Price/Earnings ratio, FNV is valued cheaply inside the industry as 87.64% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.07, FNV is valued quite expensively.
- With a Price/Forward Earnings ratio of 37.91, FNV can be considered very expensive at the moment.
- 87.89% of the companies in the same industry are more expensive than FNV, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (28.05), we can say FNV is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.48 | ||
| Fwd PE | 37.91 |
4.2 Price Multiples
- 90.48% of the companies in the same industry are more expensive than FNV, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 39.86 |
4.3 Compensation for Growth
- The 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)0.91
PEG (5Y)4.81
EPS Next 2Y50.2%
EPS Next 3Y37.56%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.56%, 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 0.38. FNV pays more dividend than 96.04% of the companies in the same industry.
- With a Dividend Yield of 0.56, FNV pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
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
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%
TSX:FNV (2/27/2026, 7:00:00 PM)
381.24
-2.5 (-0.65%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)03-09 2026-03-09/amc
Inst Owners81.4%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap73.50B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74.74
Price Target355.5 (-6.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
Yearly Dividend1.72
Dividend Growth(5Y)11.34%
DP28.98%
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)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)13.57%
PT rev (3m)16.39%
EPS NQ rev (1m)5.14%
EPS NQ rev (3m)9.92%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.48 | ||
| Fwd PE | 37.91 | ||
| P/S | 34.76 | ||
| P/FCF | N/A | ||
| P/OCF | 41.03 | ||
| P/B | 7.68 | ||
| P/tB | 7.68 | ||
| EV/EBITDA | 39.86 |
EPS(TTM)6.41
EY1.68%
EPS(NY)10.06
Fwd EY2.64%
FCF(TTM)-6.07
FCFYN/A
OCF(TTM)9.29
OCFY2.44%
SpS10.97
BVpS49.64
TBVpS49.64
PEG (NY)0.91
PEG (5Y)4.81
Graham Number84.61
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 63.26 |
F-Score7
WACC10.55%
ROIC/WACC0.98
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 Year116.61%
EBIT Next 3Y45.52%
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 59.48 and the Price/Book (PB) ratio is 7.68.
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%.