FRANCO-NEVADA CORP (FNV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FNV - CA3518581051 - Common Stock
207.92 USD
+4.99 (+2.46%)
207.5 USD
-0.42 (-0.2%)
FNV gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 155 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 has a correct valuation and a medium growth rate.
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.
Of the past 5 years FNV 4 years were profitable.
FNV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FNV has a better Return On Assets (12.24%) than 90.97% of its industry peers.
FNV's Return On Equity of 13.14% is amongst the best of the industry. FNV outperforms 81.29% 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 80.65% 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 13.15%.
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
Looking at the Profit Margin, with a value of 59.48%, FNV belongs to the top of the industry, outperforming 98.71% of the companies in the same industry.
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 98.71% of its industry peers.
In the last couple of years the Operating Margin of FNV has grown nicely.
The Gross Margin of FNV (72.00%) is better than 96.13% of its industry peers.
In the last couple of years the Gross Margin of FNV has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FNV is still creating some value.
Compared to 1 year ago, FNV has more shares outstanding
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 47.41 indicates that FNV is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 47.41, FNV belongs to the top of the industry, outperforming 86.45% 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 | 47.41 |
ROIC/WACC1.11
WACC9.36%
2.3 Liquidity
A Current Ratio of 4.64 indicates that FNV has no problem at all paying its short term obligations.
FNV has a better Current ratio (4.64) than 80.00% of its industry peers.
A Quick Ratio of 4.55 indicates that FNV has no problem at all paying its short term obligations.
FNV's Quick ratio of 4.55 is fine compared to the rest of the industry. FNV outperforms 78.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.64 | ||
| Quick Ratio | 4.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 43.87% over the past year.
Measured over the past years, FNV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.36% on average per year.
Looking at the last year, FNV shows a decrease in Revenue. The Revenue has decreased by -8.65% in the last 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
Based on estimates for the next years, FNV will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.05% on average per year.
FNV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.13% yearly.
EPS Next Y64%
EPS Next 2Y48.45%
EPS Next 3Y35.11%
EPS Next 5Y12.05%
Revenue Next Year57.8%
Revenue Next 2Y42.12%
Revenue Next 3Y29.46%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 44.33 indicates a quite expensive valuation of FNV.
Compared to the rest of the industry, the Price/Earnings ratio of FNV indicates a somewhat cheap valuation: FNV is cheaper than 61.29% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (26.59), we can say FNV is valued expensively.
With a Price/Forward Earnings ratio of 28.94, FNV can be considered very expensive at the moment.
FNV's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.80. FNV is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.33 | ||
| Fwd PE | 28.94 |
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 | 29.67 |
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.
FNV has an outstanding profitability rating, which may justify a higher PE ratio.
FNV's earnings are expected to grow with 35.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)3.59
EPS Next 2Y48.45%
EPS Next 3Y35.11%
5. Dividend
5.1 Amount
With a yearly dividend of 0.76%, FNV is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.54, FNV pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.76, FNV pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
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
28.98% of the earnings are spent on dividend by FNV. This is a low number and sustainable payout ratio.
The dividend of FNV is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP28.98%
EPS Next 2Y48.45%
EPS Next 3Y35.11%
207.92
+4.99 (+2.46%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners81.16%
Inst Owner Change2.68%
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap40.08B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts73.68
Price Target218.91 (5.29%)
Short Float %1.7%
Short Ratio3.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.76% |
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)6.39%
Min EPS beat(2)4.26%
Max EPS beat(2)8.51%
EPS beat(4)4
Avg EPS beat(4)6.13%
Min EPS beat(4)4.26%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.53%
EPS beat(12)9
Avg EPS beat(12)1.71%
EPS beat(16)10
Avg EPS beat(16)0.8%
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)3.9%
PT rev (3m)17.17%
EPS NQ rev (1m)13.48%
EPS NQ rev (3m)15.62%
EPS NY rev (1m)4.84%
EPS NY rev (3m)6.51%
Revenue NQ rev (1m)3.64%
Revenue NQ rev (3m)15.32%
Revenue NY rev (1m)6.51%
Revenue NY rev (3m)5.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.33 | ||
| Fwd PE | 28.94 | ||
| P/S | 25.92 | ||
| P/FCF | N/A | ||
| P/OCF | 30.59 | ||
| P/B | 5.73 | ||
| P/tB | 5.73 | ||
| EV/EBITDA | 29.67 |
EPS(TTM)4.69
EY2.26%
EPS(NY)7.18
Fwd EY3.46%
FCF(TTM)-4.44
FCFYN/A
OCF(TTM)6.8
OCFY3.27%
SpS8.02
BVpS36.31
TBVpS36.31
PEG (NY)0.69
PEG (5Y)3.59
Graham Number61.9
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 | 47.41 |
F-Score7
WACC9.36%
ROIC/WACC1.11
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 Y64%
EPS Next 2Y48.45%
EPS Next 3Y35.11%
EPS Next 5Y12.05%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year57.8%
Revenue Next 2Y42.12%
Revenue Next 3Y29.46%
Revenue Next 5Y4.13%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year113.71%
EBIT Next 3Y41.37%
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 44.33 and the Price/Book (PB) ratio is 5.73.
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%.