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

TSX:FNV • CA3518581051

Current stock price

305.29 CAD
-11.66 (-3.68%)
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

  • In the past year FNV was profitable.
  • FNV had a positive operating cash flow in the past year.
  • Of the past 5 years FNV 4 years were profitable.
  • In the past 5 years FNV always reported a positive cash flow from operatings.
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

  • FNV has a Return On Assets of 12.24%. This is amongst the best in the industry. FNV outperforms 93.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 13.14%, FNV belongs to the top of the industry, outperforming 91.48% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 10.39%, FNV belongs to the best of the industry, outperforming 93.92% of the companies in the same industry.
  • FNV had an Average Return On Invested Capital over the past 3 years of 8.75%. This is below the industry average of 12.79%.
  • 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 RankSector 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%
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 59.48%. This is amongst the best in the industry. FNV outperforms 98.91% of its industry peers.
  • In the last couple of years the Profit Margin of FNV has grown nicely.
  • FNV has a better Operating Margin (68.77%) than 99.64% of its industry peers.
  • FNV's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FNV (72.00%) is better than 98.18% of its industry peers.
  • In the last couple of years the Gross Margin of FNV has grown nicely.
Industry RankSector 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%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

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.
  • 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.
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

  • An Altman-Z score of 52.54 indicates that FNV is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 52.54, FNV belongs to the best of the industry, outperforming 82.97% of the companies in the same industry.
  • 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 52.54
ROIC/WACC0.95
WACC10.94%
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 4.64 indicates that FNV has no problem at all paying its short term obligations.
  • The Current ratio of FNV (4.64) is better than 70.68% 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 better Quick ratio (4.55) than 70.80% of its industry peers.
Industry RankSector Rank
Current Ratio 4.64
Quick Ratio 4.55
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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
EPS 1Y (TTM)71.47%
EPS 3Y15.37%
EPS 5Y15.58%
EPS Q2Q%94.74%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. FNV.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 39.80, the valuation of FNV can be described as expensive.
  • Based on the Price/Earnings ratio, FNV is valued cheaper than 87.35% of the companies in the same industry.
  • FNV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.23.
  • FNV is valuated quite expensively with a Price/Forward Earnings ratio of 26.28.
  • Based on the Price/Forward Earnings ratio, FNV is valued cheaply inside the industry as 87.59% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. FNV is around the same levels.
Industry RankSector Rank
PE 39.8
Fwd PE 26.28
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

  • 90.15% of the companies in the same industry are more expensive than FNV, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 32.97
FNV.CA Per share dataFNV.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

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)0.77
PEG (5Y)2.55
EPS Next 2Y27.47%
EPS Next 3Y4.82%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. FNV.CA Dividend Analysis

5.1 Amount

  • FNV has a yearly dividend return of 0.68%, which is pretty low.
  • FNV's Dividend Yield is rather good when compared to the industry average which is at 0.47. FNV pays more dividend than 96.35% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FNV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.68%

5.2 History

  • The dividend of FNV is nicely growing with an annual growth rate of 11.84%!
  • FNV has been paying a dividend for at least 10 years, so it has a reliable track record.
  • FNV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.84%
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

  • 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 slower than its dividend. This means the dividend growth is not sustainable.
DP28.98%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

FNV.CA Fundamentals: All Metrics, Ratios and Statistics

FRANCO-NEVADA CORP

TSX:FNV (3/20/2026, 7:00:00 PM)

305.29

-11.66 (-3.68%)

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 Cap58.86B
Revenue(TTM)N/A
Net Income(TTM)919.80M
Analysts74
Price Target355.5 (16.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.68%
Yearly Dividend1.95
Dividend Growth(5Y)11.84%
DP28.98%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-12
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)11.36%
PT rev (3m)16.34%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)9.47%
EPS NY rev (1m)1.04%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)5.52%
Revenue NY rev (1m)1.43%
Revenue NY rev (3m)1.54%
Valuation
Industry RankSector Rank
PE 39.8
Fwd PE 26.28
P/S 27.73
P/FCF N/A
P/OCF 32.73
P/B 6.13
P/tB 6.13
EV/EBITDA 32.97
EPS(TTM)7.67
EY2.51%
EPS(NY)11.62
Fwd EY3.8%
FCF(TTM)-6.1
FCFYN/A
OCF(TTM)9.33
OCFY3.06%
SpS11.01
BVpS49.84
TBVpS49.84
PEG (NY)0.77
PEG (5Y)2.55
Graham Number92.74
Profitability
Industry RankSector 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 RankSector 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 52.54
F-Score7
WACC10.94%
ROIC/WACC0.95
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)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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%86.07%
Revenue Next Year38.66%
Revenue Next 2Y21.56%
Revenue Next 3Y0.67%
Revenue Next 5Y9.67%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year116.61%
EBIT Next 3Y45.78%
EBIT Next 5Y23.85%
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 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 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 8 / 10.


Can you provide the PE and PB ratios for FNV stock?

The Price/Earnings (PE) ratio for FRANCO-NEVADA CORP (FNV.CA) is 39.8 and the Price/Book (PB) ratio is 6.13.


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%.