FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
359.02 CAD
+3.94 (+1.11%)
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.
- FNV had a positive operating cash flow in the past year.
- 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 94.09% of its industry peers.
- With an excellent Return On Equity value of 14.57%, FNV belongs to the best of the industry, outperforming 92.08% of the companies in the same industry.
- FNV's Return On Invested Capital of 12.08% is amongst the best of the industry. FNV outperforms 94.34% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FNV is below the industry average of 12.79%.
- The 3 year average ROIC (10.02%) for FNV is below the current ROIC(12.08%), indicating increased profibility in the last year.
| 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
- FNV has a Profit Margin of 61.01%. This is amongst the best in the industry. FNV outperforms 98.74% of its industry peers.
- FNV's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 71.37%, FNV belongs to the top of the industry, outperforming 99.75% of the companies in the same industry.
- FNV's Operating Margin has improved in the last couple of years.
- FNV has a better Gross Margin (73.91%) than 98.62% of its industry peers.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FNV is destroying value.
- The number of shares outstanding for FNV has been reduced compared to 1 year ago.
- 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
- FNV has an Altman-Z score of 50.37. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
- FNV has a Altman-Z score of 50.37. This is amongst the best in the industry. FNV outperforms 81.38% 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 | 50.37 |
ROIC/WACC1
WACC12.12%
2.3 Liquidity
- A Current Ratio of 8.30 indicates that FNV has no problem at all paying its short term obligations.
- FNV's Current ratio of 8.30 is amongst the best of the industry. FNV outperforms 80.38% 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's Quick ratio of 7.98 is fine compared to the rest of the industry. FNV outperforms 79.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.3 | ||
| Quick Ratio | 7.98 |
3. FNV.CA Growth Analysis
3.1 Past
- FNV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.47%, which is quite impressive.
- The Earnings Per Share has been growing by 15.58% on average over the past years. This is quite good.
- 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
- Based on estimates for the next years, FNV will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.61% on average per year.
- 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
- 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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. FNV.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 46.15, the valuation of FNV can be described as expensive.
- 86.92% of the companies in the same industry are more expensive than FNV, based on the Price/Earnings ratio.
- FNV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.60.
- FNV is valuated quite expensively with a Price/Forward Earnings ratio of 30.50.
- FNV's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 87.30% of the companies in the same industry.
- FNV's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.15 | ||
| Fwd PE | 30.5 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 89.69% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 30.54 |
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.
PEG (NY)0.9
PEG (5Y)2.96
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.
- FNV's Dividend Yield is rather good when compared to the industry average which is at 0.48. FNV pays more dividend than 96.10% of the companies in the same industry.
- With a Dividend Yield of 0.67, FNV pays less dividend than the S&P500 average, which is at 1.88.
| 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 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
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 (4/2/2026, 7:00:00 PM)
359.02
+3.94 (+1.11%)
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 Cap69.22B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target381.09 (6.15%)
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 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)7.2%
PT rev (3m)25.76%
EPS NQ rev (1m)7.75%
EPS NQ rev (3m)21.78%
EPS NY rev (1m)15.06%
EPS NY rev (3m)17.79%
Revenue NQ rev (1m)9.56%
Revenue NQ rev (3m)25.34%
Revenue NY rev (1m)1.52%
Revenue NY rev (3m)9.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.15 | ||
| Fwd PE | 30.5 | ||
| P/S | 27.3 | ||
| P/FCF | N/A | ||
| P/OCF | 33.32 | ||
| P/B | 6.52 | ||
| P/tB | 6.52 | ||
| EV/EBITDA | 30.54 |
EPS(TTM)7.78
EY2.17%
EPS(NY)11.77
Fwd EY3.28%
FCF(TTM)-5.07
FCFYN/A
OCF(TTM)10.78
OCFY3%
SpS13.15
BVpS55.08
TBVpS55.08
PEG (NY)0.9
PEG (5Y)2.96
Graham Number98.19
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 | 50.37 |
F-Score7
WACC12.12%
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 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 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%.