FRANCO-NEVADA CORP (FNV) Stock Fundamental Analysis
USA - NYSE:FNV - CA3518581051 - Common Stock
196.96 USD
-0.09 (-0.05%)
196.96 USD
0 (0%)
Taking everything into account, FNV scores 7 out of 10 in our fundamental rating. FNV was compared to 154 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.
1. Profitability
1.1 Basic Checks
In the past year FNV was profitable.
In the past year FNV had a positive cash flow from operations.
FNV had positive earnings in 4 of the past 5 years.
In the past 5 years FNV always reported a positive cash flow from operatings.
1.2 Ratios
FNV has a better Return On Assets (12.24%) than 91.56% of its industry peers.
FNV has a better Return On Equity (13.14%) than 81.17% 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 82.47% 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 12.85%.
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 Profit Margin of 59.48%. This is amongst the best in the industry. FNV outperforms 98.70% of its industry peers.
FNV's Profit Margin has improved in the last couple of years.
FNV's Operating Margin of 68.77% is amongst the best of the industry. FNV outperforms 98.70% of its industry peers.
In the last couple of years the Operating Margin of FNV has grown nicely.
FNV has a better Gross Margin (72.00%) than 96.10% 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
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 more shares outstanding than it did 1 year ago.
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
FNV has an Altman-Z score of 44.94. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 44.94, FNV belongs to the top of the industry, outperforming 87.66% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 44.94 |
ROIC/WACC1.27
WACC8.15%
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.
FNV has a better Current ratio (4.64) than 79.87% 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 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.64 | ||
| Quick Ratio | 4.55 |
3. Growth
3.1 Past
FNV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43.87%, which is quite impressive.
The Earnings Per Share has been growing by 12.36% on average over the past years. This is quite good.
The Revenue has decreased by -8.65% in the past year.
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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.05% yearly.
The Revenue is expected to grow by 4.13% on average over the next years.
EPS Next Y56.43%
EPS Next 2Y38.17%
EPS Next 3Y25.75%
EPS Next 5Y12.05%
Revenue Next Year48.15%
Revenue Next 2Y35.36%
Revenue Next 3Y23.56%
Revenue Next 5Y4.13%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 42.00, the valuation of FNV can be described as expensive.
61.69% of the companies in the same industry are more expensive than FNV, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.89, FNV is valued quite expensively.
Based on the Price/Forward Earnings ratio of 31.65, the valuation of FNV can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FNV is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, FNV is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42 | ||
| Fwd PE | 31.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FNV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 28.09 |
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.
FNV's earnings are expected to grow with 25.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.74
PEG (5Y)3.4
EPS Next 2Y38.17%
EPS Next 3Y25.75%
5. Dividend
5.1 Amount
With a yearly dividend of 0.78%, FNV is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.63, FNV pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
5.2 History
The dividend of FNV is nicely growing with an annual growth rate of 11.34%!
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
FNV pays out 28.98% of its income as dividend. This is a sustainable payout ratio.
FNV's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP28.98%
EPS Next 2Y38.17%
EPS Next 3Y25.75%
196.96
-0.09 (-0.05%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners83.36%
Inst Owner Change2.93%
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap37.95B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts72.63
Price Target209.35 (6.29%)
Short Float %1.66%
Short Ratio3.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
Yearly Dividend1.26
Dividend Growth(5Y)11.34%
DP28.98%
Div Incr Years16
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.77%
Min EPS beat(2)5.03%
Max EPS beat(2)8.51%
EPS beat(4)4
Avg EPS beat(4)6.32%
Min EPS beat(4)5.03%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.63%
EPS beat(12)9
Avg EPS beat(12)1.77%
EPS beat(16)10
Avg EPS beat(16)0.85%
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)10.72%
PT rev (3m)5.96%
EPS NQ rev (1m)0.15%
EPS NQ rev (3m)0.9%
EPS NY rev (1m)1.59%
EPS NY rev (3m)22.34%
Revenue NQ rev (1m)1.44%
Revenue NQ rev (3m)10.32%
Revenue NY rev (1m)1.11%
Revenue NY rev (3m)4.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42 | ||
| Fwd PE | 31.65 | ||
| P/S | 24.54 | ||
| P/FCF | N/A | ||
| P/OCF | 28.97 | ||
| P/B | 5.42 | ||
| P/tB | 5.42 | ||
| EV/EBITDA | 28.09 |
EPS(TTM)4.69
EY2.38%
EPS(NY)6.22
Fwd EY3.16%
FCF(TTM)-4.44
FCFYN/A
OCF(TTM)6.8
OCFY3.45%
SpS8.03
BVpS36.32
TBVpS36.32
PEG (NY)0.74
PEG (5Y)3.4
Graham Number61.91
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 | 44.94 |
F-Score7
WACC8.15%
ROIC/WACC1.27
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 Y56.43%
EPS Next 2Y38.17%
EPS Next 3Y25.75%
EPS Next 5Y12.05%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year48.15%
Revenue Next 2Y35.36%
Revenue Next 3Y23.56%
Revenue Next 5Y4.13%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year97.72%
EBIT Next 3Y31.86%
EBIT Next 5Y17.04%
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 FAQ
Can you provide the ChartMill fundamental rating for FRANCO-NEVADA CORP?
ChartMill assigns a fundamental rating of 7 / 10 to FNV.
What is the valuation status of FRANCO-NEVADA CORP (FNV) stock?
ChartMill assigns a valuation rating of 4 / 10 to FRANCO-NEVADA CORP (FNV). This can be considered as Fairly Valued.
What is the profitability of FNV stock?
FRANCO-NEVADA CORP (FNV) has a profitability rating of 9 / 10.
What is the valuation of FRANCO-NEVADA CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FRANCO-NEVADA CORP (FNV) is 42 and the Price/Book (PB) ratio is 5.42.
How sustainable is the dividend of FRANCO-NEVADA CORP (FNV) stock?
The dividend rating of FRANCO-NEVADA CORP (FNV) is 6 / 10 and the dividend payout ratio is 28.98%.