FIRST NATIONAL FINANCIAL - FNCN 4.7 PERP (FN-PR-B.CA) Stock Fundamental Analysis
TSX:FN-PR-B - Toronto Stock Exchange - CA33564P3016 - Currency: CAD
We assign a fundamental rating of 4 out of 10 to FN-PR-B. FN-PR-B was compared to 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.
FN-PR-B had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of FN-PR-B (0.33%) is worse than 75.86% of its industry peers.
Looking at the Return On Equity, with a value of 24.34%, FN-PR-B belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Invested Capital of FN-PR-B (0.34%) is worse than 82.76% 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 5.71%.
| 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 Profit Margin (7.82%) which is in line with its industry peers.
FN-PR-B's Profit Margin has declined in the last couple of years.
FN-PR-B's Operating Margin of 10.85% is on the low side compared to the rest of the industry. FN-PR-B is outperformed by 79.31% of its industry peers.
In the last couple of years the Operating Margin of FN-PR-B has declined.
With a decent Gross Margin value of 25.05%, FN-PR-B is doing good in the industry, outperforming 62.07% of the companies in the same industry.
In the last couple of years the Gross Margin of FN-PR-B has declined.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FN-PR-B is destroying value.
The number of shares outstanding for FN-PR-B remains at a similar level compared to 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
FN-PR-B has an Altman-Z score of -0.01. This is a bad value and indicates that FN-PR-B is not financially healthy and even has some risk of bankruptcy.
FN-PR-B has a worse Altman-Z score (-0.01) than 93.10% of its industry peers.
A Debt/Equity ratio of 71.34 is on the high side and indicates that FN-PR-B has dependencies on debt financing.
The Debt to Equity ratio of FN-PR-B (71.34) is worse than 86.21% 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.
With a Current ratio value of 0.05, FN-PR-B perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
A Quick Ratio of 0.05 indicates that FN-PR-B may have some problems paying its short term obligations.
FN-PR-B has a Quick ratio of 0.05. This is comparable to the rest of the industry: FN-PR-B outperforms 44.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
FN-PR-B shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.71%.
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
Based on estimates for the next years, FN-PR-B will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.01% on average per year.
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
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
Based on the Price/Earnings ratio of 5.50, the valuation of FN-PR-B can be described as very cheap.
96.55% of the companies in the same industry are more expensive than FN-PR-B, based on the Price/Earnings ratio.
FN-PR-B is valuated cheaply when we compare the Price/Earnings ratio to 27.52, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 3.50 indicates a rather cheap valuation of FN-PR-B.
Based on the Price/Forward Earnings ratio, FN-PR-B is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FN-PR-B to the average of the S&P500 Index (35.58), we can say FN-PR-B is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.5 | ||
| Fwd PE | 3.5 |
4.2 Price Multiples
FN-PR-B's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FN-PR-B is cheaper than 75.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 187.42 |
4.3 Compensation for Growth
The 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
With a Yearly Dividend Yield of 4.54%, FN-PR-B is a good candidate for dividend investing.
FN-PR-B's Dividend Yield is slightly below the industry average, which is at 7.27.
Compared to an average S&P500 Dividend Yield of 2.35, FN-PR-B pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
5.2 History
The dividend of FN-PR-B has a limited annual growth rate of 4.25%.
FN-PR-B has paid a dividend for at least 10 years, which is 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 4.7 PERP
TSX:FN-PR-B (7/10/2025, 7:00:00 PM)
16
+0.11 (+0.69%)
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 Cap959.52M
Analysts78.33
Price Target17.07 (6.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
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)0%
PT rev (3m)-1.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.95%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
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