FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
324.25 CAD
+8.85 (+2.81%)
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.
- 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
- Looking at the Return On Assets, with a value of 13.49%, FNV belongs to the top of the industry, outperforming 94.15% of the companies in the same industry.
- The Return On Equity of FNV (14.57%) is better than 92.16% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 12.08%, FNV belongs to the top of the industry, outperforming 94.53% 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 12.79%.
- 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
- FNV has a Profit Margin of 61.01%. This is amongst the best in the industry. FNV outperforms 98.76% of its industry peers.
- In the last couple of years the Profit Margin of FNV has grown nicely.
- Looking at the Operating Margin, with a value of 71.37%, FNV belongs to the top of the industry, outperforming 99.75% of the companies in the same industry.
- In the last couple of years the Operating Margin of FNV has grown nicely.
- Looking at the Gross Margin, with a value of 73.91%, FNV belongs to the top of the industry, outperforming 98.63% of the companies in the same industry.
- 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) just above the Cost of Capital (WACC), FNV 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.
- 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 45.73 indicates that FNV is not in any danger for bankruptcy at the moment.
- The Altman-Z score of FNV (45.73) is better than 81.34% 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 | 45.73 |
ROIC/WACC1
WACC12.03%
2.3 Liquidity
- FNV has a Current Ratio of 8.30. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
- FNV has a Current ratio of 8.30. This is amongst the best in the industry. FNV outperforms 80.85% of its industry peers.
- A Quick Ratio of 7.98 indicates that FNV has no problem at all paying its short term obligations.
- FNV has a better Quick ratio (7.98) than 79.98% 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.
- FNV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.58% yearly.
- Looking at the last year, FNV shows a very strong growth in Revenue. 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 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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. FNV.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 41.84, the valuation of FNV can be described as expensive.
- Based on the Price/Earnings ratio, FNV is valued cheaply inside the industry as 87.19% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (24.89), we can say FNV is valued expensively.
- The Price/Forward Earnings ratio is 27.62, 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 87.31% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (22.19), we can say FNV is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.84 | ||
| Fwd PE | 27.62 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 89.93% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 27.62 |
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)0.81
PEG (5Y)2.69
EPS Next 2Y27.47%
EPS Next 3Y4.82%
5. FNV.CA Dividend Analysis
5.1 Amount
- FNV has a yearly dividend return of 0.69%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.48, FNV pays a better dividend. On top of this FNV pays more dividend than 96.27% of the companies listed in the same industry.
- With a Dividend Yield of 0.69, FNV pays less dividend than the S&P500 average, which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
5.2 History
- On average, the dividend of FNV grows each year by 11.84%, which is quite nice.
- 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)11.84%
Div Incr Years16
Div Non Decr Years16
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 2Y27.47%
EPS Next 3Y4.82%
FNV.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FNV (3/27/2026, 7:00:00 PM)
324.25
+8.85 (+2.81%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10 2026-03-10/amc
Earnings (Next)04-27 2026-04-27
Inst Owners82.34%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap62.52B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target381.09 (17.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
Yearly Dividend1.98
Dividend Growth(5Y)11.84%
DP24.74%
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)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)7.2%
PT rev (3m)25.76%
EPS NQ rev (1m)7.75%
EPS NQ rev (3m)21.78%
EPS NY rev (1m)15.06%
EPS NY rev (3m)17.79%
Revenue NQ rev (1m)9.56%
Revenue NQ rev (3m)25.34%
Revenue NY rev (1m)1.52%
Revenue NY rev (3m)9.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.84 | ||
| Fwd PE | 27.62 | ||
| P/S | 24.73 | ||
| P/FCF | N/A | ||
| P/OCF | 30.18 | ||
| P/B | 5.9 | ||
| P/tB | 5.9 | ||
| EV/EBITDA | 27.62 |
EPS(TTM)7.75
EY2.39%
EPS(NY)11.74
Fwd EY3.62%
FCF(TTM)-5.06
FCFYN/A
OCF(TTM)10.75
OCFY3.31%
SpS13.11
BVpS54.93
TBVpS54.93
PEG (NY)0.81
PEG (5Y)2.69
Graham Number97.87
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 | 45.73 |
F-Score7
WACC12.03%
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 Y51.39%
EPS Next 2Y27.47%
EPS Next 3Y4.82%
EPS Next 5Y8.61%
Revenue 1Y (TTM)63.69%
Revenue growth 3Y11.48%
Revenue growth 5Y12.31%
Sales Q2Q%86.07%
Revenue Next Year38.66%
Revenue Next 2Y21.56%
Revenue Next 3Y0.67%
Revenue Next 5Y9.67%
EBIT growth 1Y81.08%
EBIT growth 3Y16.63%
EBIT growth 5Y17.07%
EBIT Next Year75.27%
EBIT Next 3Y8.47%
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.
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 41.84 and the Price/Book (PB) ratio is 5.9.
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%.