FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
359.51 CAD
+5.85 (+1.65%)
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.
- In the past year FNV had a positive cash flow from operations.
- 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
- The Return On Assets of FNV (13.49%) is better than 94.48% of its industry peers.
- With an excellent Return On Equity value of 14.57%, FNV belongs to the best of the industry, outperforming 92.35% of the companies in the same industry.
- FNV has a better Return On Invested Capital (12.08%) than 94.35% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FNV is below the industry average of 13.12%.
- The last Return On Invested Capital (12.08%) for FNV is above the 3 year average (10.02%), which is a sign of increasing profitability.
| 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 99.00% of its industry peers.
- FNV's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 71.37%, FNV belongs to the best 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 Gross Margin of 73.91%. This is amongst the best in the industry. FNV outperforms 98.75% 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.
- FNV has more shares outstanding than it did 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 51.29 indicates that FNV is not in any danger for bankruptcy at the moment.
- FNV's Altman-Z score of 51.29 is amongst the best of the industry. FNV outperforms 80.18% 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 | 51.29 |
ROIC/WACC1
WACC12.09%
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 78.80% 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.
- The Quick ratio of FNV (7.98) is better than 78.42% 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.
- Measured over the past years, FNV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.58% on average per year.
- FNV shows a strong growth in Revenue. In the last year, the Revenue has grown by 63.69%.
- Measured over the past years, FNV shows a quite strong growth in Revenue. The Revenue has been growing by 12.31% on average per year.
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
- The Earnings Per Share is expected to grow by 8.61% on average over the next years. This is quite good.
- Based on estimates for the next years, FNV will show a quite strong growth in Revenue. The Revenue will grow by 9.67% on average per year.
EPS Next Y53.31%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
EPS Next 5Y8.61%
Revenue Next Year58.36%
Revenue Next 2Y36.01%
Revenue Next 3Y15.98%
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
- The Price/Earnings ratio is 47.06, which means the current valuation is very expensive for FNV.
- Based on the Price/Earnings ratio, FNV is valued cheaper than 87.58% of the companies in the same industry.
- When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (27.87), we can say FNV is valued expensively.
- A Price/Forward Earnings ratio of 30.68 indicates a quite expensive valuation of FNV.
- Based on the Price/Forward Earnings ratio, FNV is valued cheaper than 87.45% of the companies in the same industry.
- FNV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 38.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.06 | ||
| Fwd PE | 30.68 |
4.2 Price Multiples
- FNV's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FNV is cheaper than 89.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 31.12 |
4.3 Compensation for Growth
- FNV's 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 18.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.88
PEG (5Y)3.02
EPS Next 2Y33.26%
EPS Next 3Y18.65%
5. FNV.CA Dividend Analysis
5.1 Amount
- FNV has a yearly dividend return of 0.61%, which is pretty low.
- FNV's Dividend Yield is rather good when compared to the industry average which is at 0.86. FNV pays more dividend than 95.86% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
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.
- FNV's earnings are growing slower than its dividend. 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 (4/17/2026, 7:00:00 PM)
359.51
+5.85 (+1.65%)
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 Cap69.31B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target390.12 (8.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
Yearly Dividend1.95
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)9.74%
PT rev (3m)24.63%
EPS NQ rev (1m)4.28%
EPS NQ rev (3m)24.89%
EPS NY rev (1m)1.27%
EPS NY rev (3m)19.28%
Revenue NQ rev (1m)7.57%
Revenue NQ rev (3m)25.18%
Revenue NY rev (1m)14.2%
Revenue NY rev (3m)25.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.06 | ||
| Fwd PE | 30.68 | ||
| P/S | 27.81 | ||
| P/FCF | N/A | ||
| P/OCF | 33.94 | ||
| P/B | 6.64 | ||
| P/tB | 6.64 | ||
| EV/EBITDA | 31.12 |
EPS(TTM)7.64
EY2.13%
EPS(NY)11.72
Fwd EY3.26%
FCF(TTM)-4.99
FCFYN/A
OCF(TTM)10.59
OCFY2.95%
SpS12.93
BVpS54.14
TBVpS54.14
PEG (NY)0.88
PEG (5Y)3.02
Graham Number96.4751 (-73.16%)
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 | 51.29 |
F-Score7
WACC12.09%
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 Year58.36%
Revenue Next 2Y36.01%
Revenue Next 3Y15.98%
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 5 / 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 8 / 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%.