FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
367.33 CAD
+4.28 (+1.18%)
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
- 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.
- FNV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- FNV has a better Return On Assets (13.49%) than 94.49% of its industry peers.
- FNV's Return On Equity of 14.57% is amongst the best of the industry. FNV outperforms 92.23% of its industry peers.
- FNV has a Return On Invested Capital of 12.08%. This is amongst the best in the industry. FNV outperforms 94.61% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for FNV is below the industry average of 12.74%.
- 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
- With an excellent Profit Margin value of 61.01%, FNV belongs to the best of the industry, outperforming 98.75% of the companies in the same industry.
- FNV's Profit Margin has improved in the last couple of years.
- The Operating Margin of FNV (71.37%) is better than 99.75% of its industry peers.
- FNV's Operating Margin has improved in the last couple of years.
- FNV has a Gross Margin of 73.91%. This is amongst the best in the industry. FNV outperforms 98.62% of its industry peers.
- In the last couple of years the Gross Margin of FNV has grown nicely.
| 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.
- Compared to 1 year ago, FNV has less shares outstanding
- 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
- An Altman-Z score of 51.69 indicates that FNV is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 51.69, FNV belongs to the best of the industry, outperforming 81.70% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 51.69 |
ROIC/WACC1
WACC12.03%
2.3 Liquidity
- A Current Ratio of 8.30 indicates that FNV has no problem at all paying its short term obligations.
- FNV has a Current ratio of 8.30. This is amongst the best in the industry. FNV outperforms 80.45% of its industry peers.
- FNV has a Quick Ratio of 7.98. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
- FNV has a better Quick ratio (7.98) than 79.57% of its industry peers.
| 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.
- Measured over the past years, FNV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.58% on average per year.
- 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
- The Earnings Per Share is expected to grow by 8.61% on average over the next years. This is quite good.
- FNV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.67% yearly.
EPS Next Y51.39%
EPS Next 2Y27.47%
EPS Next 3Y4.82%
EPS Next 5Y8.61%
Revenue Next Year54.53%
Revenue Next 2Y33.52%
Revenue Next 3Y14.49%
Revenue Next 5Y9.67%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- FNV is valuated quite expensively with a Price/Earnings ratio of 47.40.
- FNV's Price/Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 86.97% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.91, FNV is valued quite expensively.
- With a Price/Forward Earnings ratio of 31.32, FNV can be considered very expensive at the moment.
- FNV's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 87.47% of the companies in the same industry.
- FNV is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.4 | ||
| Fwd PE | 31.32 |
4.2 Price Multiples
- 89.72% 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 | 31.37 |
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.
- FNV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.92
PEG (5Y)3.04
EPS Next 2Y27.47%
EPS Next 3Y4.82%
5. FNV.CA Dividend Analysis
5.1 Amount
- FNV has a yearly dividend return of 0.67%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.89, FNV pays a better dividend. On top of this FNV pays more dividend than 95.99% of the companies listed in the same industry.
- With a Dividend Yield of 0.67, FNV pays less dividend than the S&P500 average, which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
5.2 History
- On average, the dividend of FNV grows each year by 11.84%, which is quite nice.
- 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)11.84%
Div Incr Years17
Div Non Decr Years17
5.3 Sustainability
- FNV pays out 24.74% of its income as dividend. This is a sustainable payout ratio.
- FNV's earnings are growing slower than its dividend. 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 (4/8/2026, 7:00:00 PM)
367.33
+4.28 (+1.18%)
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 Cap70.82B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target381.09 (3.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
Yearly Dividend1.98
Dividend Growth(5Y)11.84%
DP24.74%
Div Incr Years17
Div Non Decr Years17
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)7.2%
PT rev (3m)25.76%
EPS NQ rev (1m)7.98%
EPS NQ rev (3m)22.04%
EPS NY rev (1m)0%
EPS NY rev (3m)17.79%
Revenue NQ rev (1m)9.56%
Revenue NQ rev (3m)25.34%
Revenue NY rev (1m)11.44%
Revenue NY rev (3m)22.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.4 | ||
| Fwd PE | 31.32 | ||
| P/S | 28.03 | ||
| P/FCF | N/A | ||
| P/OCF | 34.21 | ||
| P/B | 6.69 | ||
| P/tB | 6.69 | ||
| EV/EBITDA | 31.37 |
EPS(TTM)7.75
EY2.11%
EPS(NY)11.73
Fwd EY3.19%
FCF(TTM)-5.05
FCFYN/A
OCF(TTM)10.74
OCFY2.92%
SpS13.1
BVpS54.89
TBVpS54.89
PEG (NY)0.92
PEG (5Y)3.04
Graham Number97.83
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 | 51.69 |
F-Score7
WACC12.03%
ROIC/WACC1
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 Year54.53%
Revenue Next 2Y33.52%
Revenue Next 3Y14.49%
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 7 / 10 to FNV.CA.
Can you provide the valuation status for FRANCO-NEVADA CORP?
ChartMill assigns a valuation rating of 4 / 10 to FRANCO-NEVADA CORP (FNV.CA). This can be considered as Fairly Valued.
How profitable is FRANCO-NEVADA CORP (FNV.CA) stock?
FRANCO-NEVADA CORP (FNV.CA) has a profitability rating of 9 / 10.
What is the financial health of FRANCO-NEVADA CORP (FNV.CA) stock?
The financial health rating of FRANCO-NEVADA CORP (FNV.CA) is 9 / 10.
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%.