FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
361.34 CAD
+0.82 (+0.23%)
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.
- FNV had positive earnings in 4 of the past 5 years.
- 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 94.87% of its industry peers.
- FNV has a Return On Equity of 14.57%. This is amongst the best in the industry. FNV outperforms 92.37% of its industry peers.
- With an excellent Return On Invested Capital value of 12.08%, FNV belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
- FNV had an Average Return On Invested Capital over the past 3 years of 10.02%. This is below the industry average of 12.74%.
- 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
- Looking at the Profit Margin, with a value of 61.01%, FNV belongs to the top of the industry, outperforming 98.75% of the companies in the same industry.
- FNV's Profit Margin has improved in the last couple of years.
- The Operating Margin of FNV (71.37%) is better than 99.75% of its industry peers.
- FNV's Operating Margin has improved in the last couple of years.
- FNV has a Gross Margin of 73.91%. This is amongst the best in the industry. FNV outperforms 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
- FNV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
2.2 Solvency
- An Altman-Z score of 51.00 indicates that FNV is not in any danger for bankruptcy at the moment.
- FNV has a better Altman-Z score (51.00) than 81.23% 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 | 51 |
ROIC/WACC1
WACC12.04%
2.3 Liquidity
- A Current Ratio of 8.30 indicates that FNV has no problem at all paying its short term obligations.
- The Current ratio of FNV (8.30) is better than 79.72% of its industry peers.
- A Quick Ratio of 7.98 indicates that FNV has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 7.98, FNV is in the better half of the industry, outperforming 79.22% of the companies in the same industry.
| 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.
- The Revenue has grown by 63.69% in the past year. This is a very strong growth!
- 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
- 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.
- FNV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.67% yearly.
EPS Next Y53.31%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
EPS Next 5Y8.61%
Revenue Next Year54.53%
Revenue Next 2Y33.52%
Revenue Next 3Y14.49%
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.
- 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
- With a Price/Earnings ratio of 46.75, FNV can be considered very expensive at the moment.
- 87.36% of the companies in the same industry are more expensive than FNV, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 26.78. FNV is valued rather expensively when compared to this.
- The Price/Forward Earnings ratio is 30.50, which means the current valuation is very expensive for FNV.
- Based on the Price/Forward Earnings ratio, FNV is valued cheaply inside the industry as 87.61% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, FNV is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.75 | ||
| Fwd PE | 30.5 |
4.2 Price Multiples
- FNV's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FNV is cheaper than 89.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 30.94 |
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.
- A more expensive valuation may be justified as FNV's earnings are expected to grow with 18.65% in the coming years.
PEG (NY)0.88
PEG (5Y)3
EPS Next 2Y33.26%
EPS Next 3Y18.65%
5. FNV.CA Dividend Analysis
5.1 Amount
- FNV has a yearly dividend return of 0.60%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.90, FNV pays a better dividend. On top of this FNV pays more dividend than 95.87% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.84%
Div Incr Years17
Div Non Decr Years17
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 2Y33.26%
EPS Next 3Y18.65%
FNV.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FNV (4/10/2026, 7:00:00 PM)
361.34
+0.82 (+0.23%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10 2026-03-10/amc
Earnings (Next)05-06 2026-05-06
Inst Owners82.65%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap69.67B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target384.15 (6.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Yearly Dividend1.97
Dividend Growth(5Y)11.84%
DP24.74%
Div Incr Years17
Div Non Decr Years17
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)8.06%
PT rev (3m)26.77%
EPS NQ rev (1m)7.98%
EPS NQ rev (3m)22.04%
EPS NY rev (1m)1.27%
EPS NY rev (3m)19.28%
Revenue NQ rev (1m)9.56%
Revenue NQ rev (3m)25.34%
Revenue NY rev (1m)11.44%
Revenue NY rev (3m)22.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.75 | ||
| Fwd PE | 30.5 | ||
| P/S | 27.65 | ||
| P/FCF | N/A | ||
| P/OCF | 33.74 | ||
| P/B | 6.6 | ||
| P/tB | 6.6 | ||
| EV/EBITDA | 30.94 |
EPS(TTM)7.73
EY2.14%
EPS(NY)11.85
Fwd EY3.28%
FCF(TTM)-5.04
FCFYN/A
OCF(TTM)10.71
OCFY2.96%
SpS13.07
BVpS54.74
TBVpS54.74
PEG (NY)0.88
PEG (5Y)3
Graham Number97.57
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 | 51 |
F-Score7
WACC12.04%
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 Y53.31%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
EPS Next 5Y8.61%
Revenue 1Y (TTM)63.69%
Revenue growth 3Y11.48%
Revenue growth 5Y12.31%
Sales Q2Q%86.07%
Revenue Next Year54.53%
Revenue Next 2Y33.52%
Revenue Next 3Y14.49%
Revenue Next 5Y9.67%
EBIT growth 1Y81.08%
EBIT growth 3Y16.63%
EBIT growth 5Y17.07%
EBIT Next Year93.8%
EBIT Next 3Y23.44%
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%.