FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:FN-PR-A • CA33564P2026
23.67 CAD
-0.01 (-0.04%)
Last: Jan 29, 2026, 07:00 PM
FN-PR-A gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 28 industry peers in the Financial Services industry. Both the profitability and financial health of FN-PR-A have multiple concerns. A decent growth rate in combination with a cheap valuation! Better keep an eye on FN-PR-A.
1. Profitability
1.1 Basic Checks
- FN-PR-A had positive earnings in the past year.
- In the past year FN-PR-A had a positive cash flow from operations.
- In the past 5 years FN-PR-A has always been profitable.
- In the past 5 years FN-PR-A reported 4 times negative operating cash flow.
1.2 Ratios
- FN-PR-A has a Return On Assets of 0.34%. This is in the lower half of the industry: FN-PR-A underperforms 78.57% of its industry peers.
- FN-PR-A has a Return On Equity of 24.60%. This is amongst the best in the industry. FN-PR-A outperforms 92.86% of its industry peers.
- FN-PR-A has a Return On Invested Capital of 0.35%. This is amonst the worse of the industry: FN-PR-A underperforms 85.71% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for FN-PR-A is significantly below the industry average of 7.80%.
| 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
- With a Profit Margin value of 7.95%, FN-PR-A is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
- In the last couple of years the Profit Margin of FN-PR-A has declined.
- Looking at the Operating Margin, with a value of 11.01%, FN-PR-A is doing worse than 82.14% of the companies in the same industry.
- FN-PR-A's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 25.03%, FN-PR-A is in line with its industry, outperforming 53.57% 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.
- Compared to 1 year ago, FN-PR-A has about the same amount of shares outstanding.
- The number of shares outstanding for FN-PR-A remains at a similar level compared to 5 years ago.
- FN-PR-A has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of -0.04, we must say that FN-PR-A is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of -0.04, FN-PR-A is doing worse than 85.71% of the companies in the same industry.
- FN-PR-A has a debt to FCF ratio of 184.75. This is a negative value and a sign of low solvency as FN-PR-A would need 184.75 years to pay back of all of its debts.
- FN-PR-A's Debt to FCF ratio of 184.75 is on the low side compared to the rest of the industry. FN-PR-A is outperformed by 67.86% of its industry peers.
- FN-PR-A has a Debt/Equity ratio of 71.28. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 71.28, FN-PR-A is doing worse than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Altman-Z | -0.04 |
ROIC/WACC0.16
WACC2.18%
2.3 Liquidity
- A Current Ratio of 0.05 indicates that FN-PR-A may have some problems paying its short term obligations.
- With a Current ratio value of 0.05, FN-PR-A is not doing good in the industry: 82.14% of the companies in the same industry are doing better.
- 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 82.14% 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.
- The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
- FN-PR-A shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.85%.
- The Revenue has been growing by 10.82% on average over the past years. This is quite good.
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
- FN-PR-A is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.25% yearly.
- The Revenue is expected to grow by 5.01% on average over the next years.
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.
- 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
- FN-PR-A is valuated cheaply with a Price/Earnings ratio of 7.74.
- Compared to the rest of the industry, the Price/Earnings ratio of FN-PR-A indicates a rather cheap valuation: FN-PR-A is cheaper than 89.29% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.30. FN-PR-A is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 5.84 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 89.29% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, FN-PR-A is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.74 | ||
| Fwd PE | 5.84 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FN-PR-A is valued a bit cheaper than 64.29% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, FN-PR-A is valued cheaper than 96.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.24 | ||
| EV/EBITDA | 180.65 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FN-PR-A does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.59
PEG (5Y)3.8
EPS Next 2Y10.19%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
- FN-PR-A has a Yearly Dividend Yield of 3.24%.
- Compared to an average industry Dividend Yield of 5.64, FN-PR-A has a dividend in line with its industry peers.
- FN-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
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
- FN-PR-A pays out 99.34% of its income as dividend. 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 / FN-PR-A.CA FAQ
What is the ChartMill fundamental rating of FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to FN-PR-A.CA.
Can you provide the valuation status for FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP?
ChartMill assigns a valuation rating of 7 / 10 to FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA). This can be considered as Undervalued.
Can you provide the profitability details for FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP?
FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) has a profitability rating of 2 / 10.
What is the financial health of FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) stock?
The financial health rating of FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) is 0 / 10.
Can you provide the dividend sustainability for FN-PR-A stock?
The dividend rating of FIRST NATIONAL FINANCIAL - FNCN 2.895 PERP (FN-PR-A.CA) is 5 / 10 and the dividend payout ratio is 99.34%.