FRANCO-NEVADA CORP (FNV) Stock Fundamental Analysis
USA - NYSE:FNV - CA3518581051 - Common Stock
211.38 USD
+6.76 (+3.3%)
Overall FNV gets a fundamental rating of 6 out of 10. We evaluated FNV against 156 industry peers in the Metals & Mining industry. FNV gets an excellent profitability rating and is at the same time showing great financial health properties. FNV does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year FNV was profitable.
FNV had a positive operating cash flow in the past year.
FNV had positive earnings in 4 of the past 5 years.
FNV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.18%, FNV belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
FNV has a better Return On Equity (11.89%) than 83.97% of its industry peers.
FNV's Return On Invested Capital of 9.38% is amongst the best of the industry. FNV outperforms 81.41% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FNV is below the industry average of 12.18%.
The last Return On Invested Capital (9.38%) for FNV is above the 3 year average (8.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.18% | ||
| ROE | 11.89% | ||
| ROIC | 9.38% |
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 (58.82%) than 99.36% of its industry peers.
In the last couple of years the Profit Margin of FNV has grown nicely.
The Operating Margin of FNV (67.43%) is better than 98.72% of its industry peers.
In the last couple of years the Operating Margin of FNV has grown nicely.
FNV has a better Gross Margin (71.16%) than 96.15% of its industry peers.
FNV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 67.43% | ||
| PM (TTM) | 58.82% | ||
| GM | 71.16% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FNV is creating some value.
The number of shares outstanding for FNV has been increased compared to 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
FNV has an Altman-Z score of 57.34. 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 57.34, FNV belongs to the top of the industry, outperforming 87.82% of the companies in the same industry.
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 | 57.34 |
ROIC/WACC1.06
WACC8.86%
2.3 Liquidity
A Current Ratio of 4.25 indicates that FNV has no problem at all paying its short term obligations.
FNV has a better Current ratio (4.25) than 75.00% of its industry peers.
A Quick Ratio of 4.25 indicates that FNV has no problem at all paying its short term obligations.
FNV has a better Quick ratio (4.25) than 75.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.25 | ||
| Quick Ratio | 4.25 |
3. Growth
3.1 Past
The earnings per share for FNV have decreased by -8.17% in the last year.
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.
Measured over the past years, FNV shows a small growth in Revenue. The Revenue has been growing by 5.70% on average per year.
EPS 1Y (TTM)-8.17%
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 small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.90% yearly.
The Revenue is expected to grow by 4.13% on average over the next years.
EPS Next Y53.98%
EPS Next 2Y31.96%
EPS Next 3Y21.71%
EPS Next 5Y5.9%
Revenue Next Year46.53%
Revenue Next 2Y31.65%
Revenue Next 3Y19.91%
Revenue Next 5Y4.13%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 64.84, the valuation of FNV can be described as expensive.
Based on the Price/Earnings ratio, FNV is valued a bit cheaper than the industry average as 62.18% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.02. FNV is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 37.23, the valuation of FNV can be described as expensive.
FNV's Price/Forward Earnings is on the same level as the industry average.
FNV's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.84 | ||
| Fwd PE | 37.23 |
4.2 Price Multiples
FNV's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 34.25 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FNV may justify a higher PE ratio.
A more expensive valuation may be justified as FNV's earnings are expected to grow with 21.71% in the coming years.
PEG (NY)1.2
PEG (5Y)5.24
EPS Next 2Y31.96%
EPS Next 3Y21.71%
5. Dividend
5.1 Amount
FNV has a yearly dividend return of 0.76%, which is pretty low.
Compared to an average industry Dividend Yield of 2.41, 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 | 0.76% |
5.2 History
On average, the dividend of FNV grows each year by 11.34%, 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 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 33.17% of its income as dividend. This is a sustainable payout ratio.
The dividend of FNV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.17%
EPS Next 2Y31.96%
EPS Next 3Y21.71%
NYSE:FNV (10/13/2025, 3:31:53 PM)
211.38
+6.76 (+3.3%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners83.36%
Inst Owner Change-0.01%
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap40.73B
Analysts73.33
Price Target189.09 (-10.54%)
Short Float %2.12%
Short Ratio5.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
Yearly Dividend1.26
Dividend Growth(5Y)11.34%
DP33.17%
Div Incr Years16
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.38%
Min EPS beat(2)6.24%
Max EPS beat(2)8.51%
EPS beat(4)3
Avg EPS beat(4)3.43%
Min EPS beat(4)-6.54%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.21%
EPS beat(12)8
Avg EPS beat(12)0.94%
EPS beat(16)10
Avg EPS beat(16)0.61%
Revenue beat(2)1
Avg Revenue beat(2)7%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)17.27%
Revenue beat(4)2
Avg Revenue beat(4)3.31%
Min Revenue beat(4)-4.67%
Max Revenue beat(4)17.27%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)4
Avg Revenue beat(12)-1.29%
Revenue beat(16)4
Avg Revenue beat(16)-1.33%
PT rev (1m)1.2%
PT rev (3m)-1.54%
EPS NQ rev (1m)1.27%
EPS NQ rev (3m)17.27%
EPS NY rev (1m)0%
EPS NY rev (3m)20.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.04%
Revenue NY rev (1m)0.56%
Revenue NY rev (3m)15.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.84 | ||
| Fwd PE | 37.23 | ||
| P/S | 30.52 | ||
| P/FCF | N/A | ||
| P/OCF | 34.64 | ||
| P/B | 6.17 | ||
| P/tB | 6.17 | ||
| EV/EBITDA | 34.25 |
EPS(TTM)3.26
EY1.54%
EPS(NY)5.68
Fwd EY2.69%
FCF(TTM)-4.87
FCFYN/A
OCF(TTM)6.1
OCFY2.89%
SpS6.93
BVpS34.26
TBVpS34.26
PEG (NY)1.2
PEG (5Y)5.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.18% | ||
| ROE | 11.89% | ||
| ROCE | 12.97% | ||
| ROIC | 9.38% | ||
| ROICexc | 9.6% | ||
| ROICexgc | 9.6% | ||
| OM | 67.43% | ||
| PM (TTM) | 58.82% | ||
| GM | 71.16% | ||
| 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%
ROICexcg growth 3Y2.02%
ROICexcg 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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 857.02% | ||
| Cap/Sales | 158.37% | ||
| Interest Coverage | 359.96 | ||
| Cash Conversion | 102.56% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.25 | ||
| Quick Ratio | 4.25 | ||
| Altman-Z | 57.34 |
F-Score7
WACC8.86%
ROIC/WACC1.06
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)-8.17%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
EPS Next Y53.98%
EPS Next 2Y31.96%
EPS Next 3Y21.71%
EPS Next 5Y5.9%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year46.53%
Revenue Next 2Y31.65%
Revenue Next 3Y19.91%
Revenue Next 5Y4.13%
EBIT growth 1Y29.43%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year97.72%
EBIT Next 3Y31.86%
EBIT Next 5Y11.79%
FCF growth 1Y-260.66%
FCF growth 3Y29.32%
FCF growth 5Y19.56%
OCF growth 1Y19.58%
OCF growth 3Y-4.6%
OCF growth 5Y6.07%