FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) Stock Fundamental Analysis
TSX:FN-PR-A - CA33564P2026
19.95 CAD
+0.35 (+1.79%)
FN-PR-A gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 29 industry peers in the Financial Services industry. FN-PR-A may be in some trouble as it scores bad on both profitability and health. FN-PR-A scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
FN-PR-A had positive earnings in the past year.
FN-PR-A had a positive operating cash flow in the past year.
FN-PR-A had positive earnings in each of the past 5 years.
FN-PR-A had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.34%, FN-PR-A is doing worse than 65.52% of the companies in the same industry.
The Return On Equity of FN-PR-A (24.60%) is better than 96.55% of its industry peers.
With a Return On Invested Capital value of 0.35%, FN-PR-A is not doing good in the industry: 86.21% of the companies in the same industry are doing better.
FN-PR-A had an Average Return On Invested Capital over the past 3 years of 0.47%. This is significantly below the industry average of 5.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 24.6% | ||
| ROIC | 0.35% |
ROA(3y)0.46%
ROA(5y)0.46%
ROE(3y)29.54%
ROE(5y)30.93%
ROIC(3y)0.47%
ROIC(5y)0.47%
1.3 Margins
The Profit Margin of FN-PR-A (7.95%) is worse than 62.07% of its industry peers.
FN-PR-A's Profit Margin has declined in the last couple of years.
The Operating Margin of FN-PR-A (11.01%) is worse than 82.76% of its industry peers.
In the last couple of years the Operating Margin of FN-PR-A has declined.
With a Gross Margin value of 25.03%, FN-PR-A perfoms like the industry average, outperforming 58.62% of the companies in the same industry.
FN-PR-A's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.01% | ||
| PM (TTM) | 7.95% | ||
| GM | 25.03% |
OM growth 3Y-12.95%
OM growth 5Y-7.29%
PM growth 3Y-13.2%
PM growth 5Y-7.28%
GM growth 3Y-10.39%
GM growth 5Y-2.89%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FN-PR-A is destroying value.
The number of shares outstanding for FN-PR-A remains at a similar level compared to 1 year ago.
The number of shares outstanding for FN-PR-A remains at a similar level compared to 5 years ago.
The debt/assets ratio for FN-PR-A is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.03, we must say that FN-PR-A is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.03, FN-PR-A is not doing good in the industry: 89.66% of the companies in the same industry are doing better.
The Debt to FCF ratio of FN-PR-A is 184.75, which is on the high side as it means it would take FN-PR-A, 184.75 years of fcf income to pay off all of its debts.
FN-PR-A has a worse Debt to FCF ratio (184.75) than 68.97% of its industry peers.
A Debt/Equity ratio of 71.28 is on the high side and indicates that FN-PR-A has dependencies on debt financing.
FN-PR-A has a worse Debt to Equity ratio (71.28) than 89.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Altman-Z | -0.03 |
ROIC/WACC0.14
WACC2.48%
2.3 Liquidity
A Current Ratio of 0.05 indicates that FN-PR-A may have some problems paying its short term obligations.
FN-PR-A has a Current ratio of 0.05. This is in the lower half of the industry: FN-PR-A underperforms 75.86% of its industry peers.
A Quick Ratio of 0.05 indicates that FN-PR-A may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.05, FN-PR-A is doing worse than 75.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The earnings per share for FN-PR-A have decreased strongly by -19.69% in the last year.
Measured over the past 5 years, FN-PR-A shows a small growth in Earnings Per Share. The EPS has been growing by 2.03% on average per year.
FN-PR-A shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.85%.
FN-PR-A shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.82% yearly.
EPS 1Y (TTM)-19.69%
EPS 3Y1.44%
EPS 5Y2.03%
EPS Q2Q%16.85%
Revenue 1Y (TTM)8.85%
Revenue growth 3Y16.71%
Revenue growth 5Y10.82%
Sales Q2Q%23.39%
3.2 Future
The Earnings Per Share is expected to grow by 7.25% on average over the next years.
FN-PR-A is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.01% yearly.
EPS Next Y2.15%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
EPS Next 5YN/A
Revenue Next Year6.11%
Revenue Next 2Y7.29%
Revenue Next 3Y5.01%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 6.52, the valuation of FN-PR-A can be described as very cheap.
93.10% of the companies in the same industry are more expensive than FN-PR-A, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FN-PR-A to the average of the S&P500 Index (26.90), we can say FN-PR-A is valued rather cheaply.
A Price/Forward Earnings ratio of 4.92 indicates a rather cheap valuation of FN-PR-A.
Based on the Price/Forward Earnings ratio, FN-PR-A is valued cheaply inside the industry as 96.55% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.52. FN-PR-A is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.52 | ||
| Fwd PE | 4.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FN-PR-A indicates a somewhat cheap valuation: FN-PR-A is cheaper than 72.41% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FN-PR-A is valued cheaply inside the industry as 89.66% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.15 | ||
| EV/EBITDA | 184.87 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.03
PEG (5Y)3.2
EPS Next 2Y10.19%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
FN-PR-A has a Yearly Dividend Yield of 5.18%, which is a nice return.
Compared to an average industry Dividend Yield of 6.12, FN-PR-A is paying slightly less dividend.
FN-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.18% |
5.2 History
The dividend of FN-PR-A has a limited annual growth rate of 4.25%.
FN-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
FN-PR-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.25%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
99.34% of the earnings are spent on dividend by FN-PR-A. This is not a sustainable payout ratio.
FN-PR-A's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP99.34%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP
TSX:FN-PR-A (9/2/2025, 7:00:00 PM)
19.95
+0.35 (+1.79%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners3.88%
Inst Owner ChangeN/A
Ins Owners71.46%
Ins Owner ChangeN/A
Market Cap1.20B
Analysts40
Price Target19.49 (-2.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.18% |
Yearly Dividend3.02
Dividend Growth(5Y)4.25%
DP99.34%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-21.25%
Min EPS beat(2)-51.46%
Max EPS beat(2)8.96%
EPS beat(4)2
Avg EPS beat(4)-19.04%
Min EPS beat(4)-51.46%
Max EPS beat(4)8.96%
EPS beat(8)3
Avg EPS beat(8)-5.78%
EPS beat(12)5
Avg EPS beat(12)2.58%
EPS beat(16)7
Avg EPS beat(16)2.11%
Revenue beat(2)1
Avg Revenue beat(2)-4.35%
Min Revenue beat(2)-18.02%
Max Revenue beat(2)9.31%
Revenue beat(4)2
Avg Revenue beat(4)-5.71%
Min Revenue beat(4)-18.02%
Max Revenue beat(4)9.31%
Revenue beat(8)4
Avg Revenue beat(8)16%
Revenue beat(12)8
Avg Revenue beat(12)40.65%
Revenue beat(16)12
Avg Revenue beat(16)52.39%
PT rev (1m)22.73%
PT rev (3m)14.96%
EPS NQ rev (1m)-5.28%
EPS NQ rev (3m)-12.54%
EPS NY rev (1m)-16.28%
EPS NY rev (3m)-16.28%
Revenue NQ rev (1m)3.7%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.32%
Revenue NY rev (3m)2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.52 | ||
| Fwd PE | 4.92 | ||
| P/S | 0.52 | ||
| P/FCF | 4.15 | ||
| P/OCF | 4.13 | ||
| P/B | 1.6 | ||
| P/tB | 1.67 | ||
| EV/EBITDA | 184.87 |
EPS(TTM)3.06
EY15.34%
EPS(NY)4.06
Fwd EY20.33%
FCF(TTM)4.8
FCFY24.07%
OCF(TTM)4.83
OCFY24.21%
SpS38.53
BVpS12.45
TBVpS11.95
PEG (NY)3.03
PEG (5Y)3.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 24.6% | ||
| ROCE | 0.52% | ||
| ROIC | 0.35% | ||
| ROICexc | 0.35% | ||
| ROICexgc | 0.35% | ||
| OM | 11.01% | ||
| PM (TTM) | 7.95% | ||
| GM | 25.03% | ||
| FCFM | 12.47% |
ROA(3y)0.46%
ROA(5y)0.46%
ROE(3y)29.54%
ROE(5y)30.93%
ROIC(3y)0.47%
ROIC(5y)0.47%
ROICexc(3y)0.47%
ROICexc(5y)0.47%
ROICexgc(3y)0.47%
ROICexgc(5y)0.47%
ROCE(3y)0.7%
ROCE(5y)0.71%
ROICexcg growth 3Y-4.65%
ROICexcg growth 5Y-3.34%
ROICexc growth 3Y-4.64%
ROICexc growth 5Y-3.34%
OM growth 3Y-12.95%
OM growth 5Y-7.29%
PM growth 3Y-13.2%
PM growth 5Y-7.28%
GM growth 3Y-10.39%
GM growth 5Y-2.89%
F-Score5
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Debt/EBITDA | 199.55 | ||
| Cap/Depr | 13.55% | ||
| Cap/Sales | 0.07% | ||
| Interest Coverage | 0.17 | ||
| Cash Conversion | 108.63% | ||
| Profit Quality | 156.82% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | -0.03 |
F-Score5
WACC2.48%
ROIC/WACC0.14
Cap/Depr(3y)54.65%
Cap/Depr(5y)111.75%
Cap/Sales(3y)0.43%
Cap/Sales(5y)0.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.69%
EPS 3Y1.44%
EPS 5Y2.03%
EPS Q2Q%16.85%
EPS Next Y2.15%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
EPS Next 5YN/A
Revenue 1Y (TTM)8.85%
Revenue growth 3Y16.71%
Revenue growth 5Y10.82%
Sales Q2Q%23.39%
Revenue Next Year6.11%
Revenue Next 2Y7.29%
Revenue Next 3Y5.01%
Revenue Next 5YN/A
EBIT growth 1Y-19.24%
EBIT growth 3Y1.6%
EBIT growth 5Y2.74%
EBIT Next Year-98.05%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y12.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.58%
OCF growth 3YN/A
OCF growth 5YN/A