FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:FNV - CA3518581051 - Common Stock
281.14 CAD
-2.11 (-0.74%)
Overall FNV gets a fundamental rating of 7 out of 10. We evaluated FNV against 796 industry peers in the Metals & Mining industry. FNV scores excellent points on both the profitability and health parts. This is a solid base for a good stock. FNV has a correct valuation and a medium growth rate.
1. Profitability
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 better Return On Assets (12.24%) than 93.84% of its industry peers.
The Return On Equity of FNV (13.14%) is better than 91.83% of its industry peers.
FNV has a Return On Invested Capital of 10.39%. This is amongst the best in the industry. FNV outperforms 94.72% 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 12.63%.
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
FNV has a Profit Margin of 59.48%. This is amongst the best in the industry. FNV outperforms 98.87% of its industry peers.
FNV's Profit Margin has improved in the last couple of years.
FNV's Operating Margin of 68.77% is amongst the best of the industry. FNV outperforms 99.62% of its industry peers.
FNV's Operating Margin has improved in the last couple of years.
FNV has a Gross Margin of 72.00%. This is amongst the best in the industry. FNV outperforms 98.12% 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) just above the Cost of Capital (WACC), FNV is creating some 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 46.25 indicates that FNV is not in any danger for bankruptcy at the moment.
FNV's Altman-Z score of 46.25 is amongst the best of the industry. FNV outperforms 81.78% 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 | 46.25 |
ROIC/WACC1.17
WACC8.84%
2.3 Liquidity
A Current Ratio of 4.64 indicates that FNV has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.64, FNV is in the better half of the industry, outperforming 71.61% of the companies in the same industry.
FNV has a Quick Ratio of 4.55. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.55, FNV is in the better half of the industry, outperforming 71.48% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing by 12.36% on average over the past years. This is quite good.
The Revenue has decreased by -8.65% in the past year.
FNV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.70% yearly.
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
FNV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.05% yearly.
FNV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.13% yearly.
EPS Next Y56.43%
EPS Next 2Y38.17%
EPS Next 3Y25.75%
EPS Next 5Y12.05%
Revenue Next Year48.15%
Revenue Next 2Y35.36%
Revenue Next 3Y23.56%
Revenue Next 5Y4.13%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 42.92, FNV can be considered very expensive at the moment.
Based on the Price/Earnings ratio, FNV is valued cheaply inside the industry as 87.69% of the companies are valued more expensively.
FNV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.46.
The Price/Forward Earnings ratio is 32.33, which means the current valuation is very expensive for FNV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 87.56% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.10. FNV is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.92 | ||
| Fwd PE | 32.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 90.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 28.93 |
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.
FNV's earnings are expected to grow with 25.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.76
PEG (5Y)3.47
EPS Next 2Y38.17%
EPS Next 3Y25.75%
5. Dividend
5.1 Amount
FNV has a yearly dividend return of 0.74%, which is pretty low.
Compared to an average industry Dividend Yield of 11.98, FNV pays a better dividend. On top of this FNV pays more dividend than 96.23% of the companies listed in the same industry.
With a Dividend Yield of 0.74, FNV pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.34%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
28.98% of the earnings are spent on dividend by FNV. This is a low number and sustainable payout ratio.
FNV's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP28.98%
EPS Next 2Y38.17%
EPS Next 3Y25.75%
TSX:FNV (12/5/2025, 7:00:00 PM)
281.14
-2.11 (-0.74%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners83.36%
Inst Owner ChangeN/A
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap54.20B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts72.63
Price Target305.42 (8.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
Yearly Dividend1.76
Dividend Growth(5Y)11.34%
DP28.98%
Div Incr Years16
Div Non Decr Years16
Ex-Date
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)15.94%
PT rev (3m)17.85%
EPS NQ rev (1m)13.02%
EPS NQ rev (3m)15.15%
EPS NY rev (1m)1.59%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)5.14%
Revenue NQ rev (3m)16.99%
Revenue NY rev (1m)1.11%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.92 | ||
| Fwd PE | 32.33 | ||
| P/S | 25.08 | ||
| P/FCF | N/A | ||
| P/OCF | 29.61 | ||
| P/B | 5.54 | ||
| P/tB | 5.54 | ||
| EV/EBITDA | 28.93 |
EPS(TTM)6.55
EY2.33%
EPS(NY)8.7
Fwd EY3.09%
FCF(TTM)-6.21
FCFYN/A
OCF(TTM)9.5
OCFY3.38%
SpS11.21
BVpS50.73
TBVpS50.73
PEG (NY)0.76
PEG (5Y)3.47
Graham Number86.46
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 | 46.25 |
F-Score7
WACC8.84%
ROIC/WACC1.17
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 Y56.43%
EPS Next 2Y38.17%
EPS Next 3Y25.75%
EPS Next 5Y12.05%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year48.15%
Revenue Next 2Y35.36%
Revenue Next 3Y23.56%
Revenue Next 5Y4.13%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year97.72%
EBIT Next 3Y31.86%
EBIT Next 5Y17.04%
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.
What is the valuation status of FRANCO-NEVADA CORP (FNV.CA) stock?
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.
What is the valuation of FRANCO-NEVADA CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FRANCO-NEVADA CORP (FNV.CA) is 42.92 and the Price/Book (PB) ratio is 5.54.
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 28.98%.