FIRST NATIONAL FINANCIAL - FNCN 4.72 PERP (FN-PR-B.CA) Stock Fundamental Analysis
TSX:FN-PR-B - Toronto Stock Exchange - CA33564P3016 - Currency: CAD
FN-PR-B 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-B has a bad profitability rating. Also its financial health evaluation is rather negative. FN-PR-B is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year FN-PR-B was profitable.
FN-PR-B had a negative operating cash flow in the past year.
FN-PR-B had positive earnings in each of the past 5 years.
In the past 5 years FN-PR-B reported 4 times negative operating cash flow.
1.2 Ratios
The Return On Assets of FN-PR-B (0.33%) is worse than 79.31% of its industry peers.
FN-PR-B's Return On Equity of 24.34% is amongst the best of the industry. FN-PR-B outperforms 96.55% of its industry peers.
The Return On Invested Capital of FN-PR-B (0.34%) is worse than 89.66% of its industry peers.
FN-PR-B had an Average Return On Invested Capital over the past 3 years of 0.47%. This is significantly below the industry average of 5.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 24.34% | ||
| ROIC | 0.34% |
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
FN-PR-B has a worse Profit Margin (7.82%) than 62.07% of its industry peers.
In the last couple of years the Profit Margin of FN-PR-B has declined.
FN-PR-B has a worse Operating Margin (10.85%) than 82.76% of its industry peers.
In the last couple of years the Operating Margin of FN-PR-B has declined.
With a Gross Margin value of 25.05%, FN-PR-B perfoms like the industry average, outperforming 58.62% of the companies in the same industry.
FN-PR-B's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.85% | ||
| PM (TTM) | 7.82% | ||
| GM | 25.05% |
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-B is destroying value.
FN-PR-B has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FN-PR-B has about the same amount of shares outstanding.
The debt/assets ratio for FN-PR-B is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.01, we must say that FN-PR-B is in the distress zone and has some risk of bankruptcy.
FN-PR-B has a worse Altman-Z score (-0.01) than 89.66% of its industry peers.
FN-PR-B has a Debt/Equity ratio of 71.34. This is a high value indicating a heavy dependency on external financing.
FN-PR-B has a worse Debt to Equity ratio (71.34) than 89.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.34 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.01 |
ROIC/WACC0.14
WACC2.41%
2.3 Liquidity
A Current Ratio of 0.05 indicates that FN-PR-B may have some problems paying its short term obligations.
FN-PR-B has a Current ratio (0.05) which is in line with its industry peers.
A Quick Ratio of 0.05 indicates that FN-PR-B may have some problems paying its short term obligations.
With a Quick ratio value of 0.05, FN-PR-B perfoms like the industry average, outperforming 41.38% 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-B have decreased strongly by -33.71% in the last year.
The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
Looking at the last year, FN-PR-B shows a small growth in Revenue. The Revenue has grown by 5.57% in the last year.
FN-PR-B shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.82% yearly.
EPS 1Y (TTM)-33.71%
EPS 3Y1.44%
EPS 5Y2.03%
EPS Q2Q%-52.44%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y16.71%
Revenue growth 5Y10.82%
Sales Q2Q%-12.86%
3.2 Future
FN-PR-B is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.01% yearly.
The Revenue is expected to grow by 8.40% on average over the next years. This is quite good.
EPS Next Y22.02%
EPS Next 2Y17.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.9%
Revenue Next 2Y7.06%
Revenue Next 3Y8.4%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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-B is valuated cheaply with a Price/Earnings ratio of 5.50.
Compared to the rest of the industry, the Price/Earnings ratio of FN-PR-B indicates a rather cheap valuation: FN-PR-B is cheaper than 93.10% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FN-PR-B to the average of the S&P500 Index (26.53), we can say FN-PR-B is valued rather cheaply.
The Price/Forward Earnings ratio is 3.50, which indicates a rather cheap valuation of FN-PR-B.
Based on the Price/Forward Earnings ratio, FN-PR-B is valued cheaper than 96.55% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.27. FN-PR-B is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.5 | ||
| Fwd PE | 3.5 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FN-PR-B indicates a somewhat cheap valuation: FN-PR-B is cheaper than 72.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 187.42 |
4.3 Compensation for Growth
FN-PR-B's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FN-PR-B's earnings are expected to grow with 17.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)2.7
EPS Next 2Y17.01%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FN-PR-B has a Yearly Dividend Yield of 6.54%, which is a nice return.
Compared to an average industry Dividend Yield of 6.44, FN-PR-B has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, FN-PR-B pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
5.2 History
The dividend of FN-PR-B has a limited annual growth rate of 4.25%.
FN-PR-B has been paying a dividend for at least 10 years, so it has a reliable track record.
FN-PR-B has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.25%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
FN-PR-B pays out 104.34% of its income as dividend. This is not a sustainable payout ratio.
FN-PR-B's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP104.34%
EPS Next 2Y17.01%
EPS Next 3YN/A
FIRST NATIONAL FINANCIAL - FNCN 4.72 PERP
TSX:FN-PR-B (6/6/2025, 7:00:00 PM)
16
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners4.08%
Inst Owner ChangeN/A
Ins Owners71.45%
Ins Owner ChangeN/A
Market Cap959.52M
Analysts76.92
Price Target17.07 (6.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
Yearly Dividend3.02
Dividend Growth(5Y)4.25%
DP104.34%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-22.02%
Min EPS beat(2)-51.46%
Max EPS beat(2)7.42%
EPS beat(4)1
Avg EPS beat(4)-22.68%
Min EPS beat(4)-51.46%
Max EPS beat(4)7.42%
EPS beat(8)3
Avg EPS beat(8)3.62%
EPS beat(12)5
Avg EPS beat(12)3.49%
EPS beat(16)6
Avg EPS beat(16)-0.02%
Revenue beat(2)1
Avg Revenue beat(2)-7.9%
Min Revenue beat(2)-18.02%
Max Revenue beat(2)2.22%
Revenue beat(4)1
Avg Revenue beat(4)-11.56%
Min Revenue beat(4)-18.02%
Max Revenue beat(4)2.22%
Revenue beat(8)4
Avg Revenue beat(8)17.08%
Revenue beat(12)8
Avg Revenue beat(12)47.66%
Revenue beat(16)12
Avg Revenue beat(16)56.65%
PT rev (1m)-1.34%
PT rev (3m)0.76%
EPS NQ rev (1m)-6.51%
EPS NQ rev (3m)-14.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)-1.09%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.5 | ||
| Fwd PE | 3.5 | ||
| P/S | 0.43 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.34 | ||
| P/tB | 1.4 | ||
| EV/EBITDA | 187.42 |
EPS(TTM)2.91
EY18.19%
EPS(NY)4.57
Fwd EY28.58%
FCF(TTM)-12.62
FCFYN/A
OCF(TTM)-12.56
OCFYN/A
SpS37.15
BVpS11.94
TBVpS11.44
PEG (NY)0.25
PEG (5Y)2.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 24.34% | ||
| ROCE | 0.51% | ||
| ROIC | 0.34% | ||
| ROICexc | 0.34% | ||
| ROICexgc | 0.34% | ||
| OM | 10.85% | ||
| PM (TTM) | 7.82% | ||
| GM | 25.05% | ||
| FCFM | N/A |
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-Score2
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.34 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 200 | ||
| Cap/Depr | 25.15% | ||
| Cap/Sales | 0.15% | ||
| Interest Coverage | 0.17 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | -0.01 |
F-Score2
WACC2.41%
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)-33.71%
EPS 3Y1.44%
EPS 5Y2.03%
EPS Q2Q%-52.44%
EPS Next Y22.02%
EPS Next 2Y17.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.57%
Revenue growth 3Y16.71%
Revenue growth 5Y10.82%
Sales Q2Q%-12.86%
Revenue Next Year3.9%
Revenue Next 2Y7.06%
Revenue Next 3Y8.4%
Revenue Next 5YN/A
EBIT growth 1Y-33.42%
EBIT growth 3Y1.6%
EBIT growth 5Y2.74%
EBIT Next Year-98.05%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-161.79%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-161.01%
OCF growth 3YN/A
OCF growth 5YN/A