FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation

TSX:FNV • CA3518581051

Current stock price

315.4 CAD
-7.85 (-2.43%)
Last:

This FNV.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. FNV.CA Profitability Analysis

1.1 Basic Checks

  • FNV had positive earnings in the past year.
  • 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.
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 2025 0 500M -500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 13.49%, FNV belongs to the top of the industry, outperforming 94.15% of the companies in the same industry.
  • FNV has a better Return On Equity (14.57%) than 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.
  • The Average Return On Invested Capital over the past 3 years for FNV is below the industry average of 12.70%.
  • The 3 year average ROIC (10.02%) for FNV is below the current ROIC(12.08%), indicating increased profibility in the last year.
Industry RankSector 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%
FNV.CA Yearly ROA, ROE, ROICFNV.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • FNV has a Profit Margin of 61.01%. This is amongst the best in the industry. FNV outperforms 98.76% of its industry peers.
  • In the last couple of years the Profit Margin of FNV has grown nicely.
  • With an excellent Operating Margin value of 71.37%, FNV belongs to the best of the industry, outperforming 99.75% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FNV has grown nicely.
  • FNV's Gross Margin of 73.91% is amongst the best of the industry. FNV outperforms 98.63% of its industry peers.
  • FNV's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
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 2025 0 20 -20 40 60

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9

2. FNV.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FNV is still creating some value.
  • FNV has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for FNV has been increased compared to 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 2025 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 2025 2B 4B 6B 8B

2.2 Solvency

  • FNV has an Altman-Z score of 44.62. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 44.62, FNV belongs to the top of the industry, outperforming 81.34% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 44.62
ROIC/WACC1.06
WACC11.36%
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 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 8.30 indicates that FNV has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 8.30, FNV belongs to the best 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.
  • The Quick ratio of FNV (7.98) is better than 79.98% of its industry peers.
Industry RankSector Rank
Current Ratio 8.3
Quick Ratio 7.98
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 2025 500M 1B 1.5B

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6

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.
  • FNV shows a strong growth in Revenue. In the last year, the Revenue has grown by 63.69%.
  • The Revenue has been growing by 12.31% on average over the past years. This is quite good.
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.
  • The Revenue is expected to grow by 9.67% on average over the next years. This is quite good.
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.
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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4

4. FNV.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 40.80, which means the current valuation is very expensive for FNV.
  • Based on the Price/Earnings ratio, FNV is valued cheaply inside the industry as 87.19% of the companies are valued more expensively.
  • FNV is valuated expensively when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 26.94, which means the current valuation is very expensive for FNV.
  • 87.31% of the companies in the same industry are more expensive than FNV, based on the Price/Forward Earnings ratio.
  • FNV is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 40.8
Fwd PE 26.94
FNV.CA Price Earnings VS Forward Price EarningsFNV.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 89.93% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 26.92
FNV.CA Per share dataFNV.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

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)0.79
PEG (5Y)2.62
EPS Next 2Y27.47%
EPS Next 3Y4.82%

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6

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.
  • With a Dividend Yield of 0.68, FNV pays less dividend than the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 0.68%

5.2 History

  • On average, the dividend of FNV grows each year by 11.84%, which is quite nice.
  • FNV has been paying a dividend for at least 10 years, so it has 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 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

  • 24.74% of the earnings are spent on dividend by FNV. This is a low number and 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 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 2025 0 500M -500M 1B
FNV.CA Dividend Payout.FNV.CA Dividend Payout, showing the Payout Ratio.FNV.CA Dividend Payout.PayoutRetained Earnings

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FNV.CA Fundamentals: All Metrics, Ratios and Statistics

FRANCO-NEVADA CORP

TSX:FNV (3/26/2026, 7:00:00 PM)

315.4

-7.85 (-2.43%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10
Earnings (Next)04-27
Inst Owners82.34%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap60.81B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target355.5 (12.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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
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 RankSector Rank
PE 40.8
Fwd PE 26.94
P/S 24.11
P/FCF N/A
P/OCF 29.43
P/B 5.76
P/tB 5.76
EV/EBITDA 26.92
EPS(TTM)7.73
EY2.45%
EPS(NY)11.71
Fwd EY3.71%
FCF(TTM)-5.04
FCFYN/A
OCF(TTM)10.72
OCFY3.4%
SpS13.08
BVpS54.79
TBVpS54.79
PEG (NY)0.79
PEG (5Y)2.62
Graham Number97.62
Profitability
Industry RankSector 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 RankSector 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 44.62
F-Score7
WACC11.36%
ROIC/WACC1.06
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 40.8 and the Price/Book (PB) ratio is 5.76.


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%.