FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
TSX:FNV • CA3518581051
381.24 CAD
-2.5 (-0.65%)
Last: Feb 27, 2026, 07:00 PM
Overall FNV gets a fundamental rating of 7 out of 10. We evaluated FNV against 816 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 decent growth rate and is not valued too expensively. Finally FNV also has an excellent dividend rating. These ratings would make FNV suitable for dividend and quality investing!
1. Profitability
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.
- In the past 5 years FNV always reported a positive cash flow from operatings.
1.2 Ratios
- FNV has a Return On Assets of 12.24%. This is amongst the best in the industry. FNV outperforms 93.75% of its industry peers.
- The Return On Equity of FNV (13.14%) is better than 91.42% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.39%, FNV belongs to the top of the industry, outperforming 94.12% 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 12.59%.
- The 3 year average ROIC (8.75%) for FNV is below the current ROIC(10.39%), indicating increased profibility in the last year.
| 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 better Profit Margin (59.48%) than 98.90% of its industry peers.
- In the last couple of years the Profit Margin of FNV has grown nicely.
- FNV's Operating Margin of 68.77% is amongst the best of the industry. FNV outperforms 99.63% of its industry peers.
- FNV's Operating Margin has improved in the last couple of years.
- FNV's Gross Margin of 72.00% is amongst the best of the industry. FNV outperforms 98.16% of its industry peers.
- FNV's Gross Margin has improved in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FNV is still creating some value.
- Compared to 1 year ago, FNV has more shares outstanding
- FNV has more shares outstanding than it did 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.
2.2 Solvency
- An Altman-Z score of 63.26 indicates that FNV is not in any danger for bankruptcy at the moment.
- The Altman-Z score of FNV (63.26) is better than 82.35% of its industry peers.
- 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 | 63.26 |
ROIC/WACC1.03
WACC10.04%
2.3 Liquidity
- FNV has a Current Ratio of 4.64. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of FNV (4.64) is better than 70.59% of its industry peers.
- 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.
- FNV has a better Quick ratio (4.55) than 70.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.64 | ||
| Quick Ratio | 4.55 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 43.87% 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 12.36% yearly.
- FNV shows a decrease in Revenue. In the last year, the revenue decreased by -8.65%.
- 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 a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.31% yearly.
- The Revenue is expected to grow by 18.31% on average over the next years. This is quite good.
EPS Next Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y21.31%
Revenue Next Year59.87%
Revenue Next 2Y47.93%
Revenue Next 3Y32.96%
Revenue Next 5Y18.31%
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 accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 59.48, FNV can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, FNV is valued cheaper than 87.62% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.07. FNV is valued rather expensively when compared to this.
- With a Price/Forward Earnings ratio of 37.91, 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 87.99% 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 28.05.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.48 | ||
| Fwd PE | 37.91 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 90.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 39.86 |
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 37.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.91
PEG (5Y)4.81
EPS Next 2Y50.2%
EPS Next 3Y37.56%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.56%, FNV is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.38, FNV pays a better dividend. On top of this FNV pays more dividend than 96.08% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
5.2 History
- On average, the dividend of FNV grows each year by 11.34%, 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)11.34%
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 more than its dividend. This makes the dividend growth sustainable.
DP28.98%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
TSX:FNV (2/27/2026, 7:00:00 PM)
381.24
-2.5 (-0.65%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)03-09 2026-03-09/amc
Inst Owners81.4%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap73.50B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74.74
Price Target355.5 (-6.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
Yearly Dividend1.72
Dividend Growth(5Y)11.34%
DP28.98%
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)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)13.57%
PT rev (3m)16.39%
EPS NQ rev (1m)5.14%
EPS NQ rev (3m)9.92%
EPS NY rev (1m)0%
EPS NY rev (3m)5.79%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)4.01%
Revenue NY rev (1m)1.2%
Revenue NY rev (3m)7.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.48 | ||
| Fwd PE | 37.91 | ||
| P/S | 34.76 | ||
| P/FCF | N/A | ||
| P/OCF | 41.03 | ||
| P/B | 7.68 | ||
| P/tB | 7.68 | ||
| EV/EBITDA | 39.86 |
EPS(TTM)6.41
EY1.68%
EPS(NY)10.06
Fwd EY2.64%
FCF(TTM)-6.07
FCFYN/A
OCF(TTM)9.29
OCFY2.44%
SpS10.97
BVpS49.64
TBVpS49.64
PEG (NY)0.91
PEG (5Y)4.81
Graham Number84.61
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 | 63.26 |
F-Score7
WACC10.04%
ROIC/WACC1.03
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 Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y21.31%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year59.87%
Revenue Next 2Y47.93%
Revenue Next 3Y32.96%
Revenue Next 5Y18.31%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year116.61%
EBIT Next 3Y45.52%
EBIT Next 5Y25.03%
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.
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 59.48 and the Price/Book (PB) ratio is 7.68.
How sustainable is the dividend of FRANCO-NEVADA CORP (FNV.CA) stock?
The dividend rating of FRANCO-NEVADA CORP (FNV.CA) is 7 / 10 and the dividend payout ratio is 28.98%.