FIRST NATIONAL FINANCIAL - FNCN 4.41 PERP (FN-PR-B.CA) Stock Fundamental Analysis
Canada - TSX:FN-PR-B - CA33564P3016
21.3 CAD
0 (0%)
FN-PR-B 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-B have multiple concerns. 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.
In the past year FN-PR-B had a positive cash flow from operations.
Each year in the past 5 years FN-PR-B has been profitable.
FN-PR-B 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-B is doing worse than 60.71% of the companies in the same industry.
With an excellent Return On Equity value of 24.60%, FN-PR-B belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
FN-PR-B has a Return On Invested Capital of 0.35%. This is amonst the worse of the industry: FN-PR-B underperforms 82.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FN-PR-B is below the industry average of 5.33%.
| 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-B (7.95%) is comparable to the rest of the industry.
FN-PR-B's Profit Margin has declined in the last couple of years.
FN-PR-B has a Operating Margin of 11.01%. This is in the lower half of the industry: FN-PR-B underperforms 78.57% of its industry peers.
In the last couple of years the Operating Margin of FN-PR-B has declined.
The Gross Margin of FN-PR-B (25.03%) is better than 60.71% of its industry peers.
FN-PR-B'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
FN-PR-B has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
Based on the Altman-Z score of -0.03, we must say that FN-PR-B is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.03, FN-PR-B is doing worse than 92.86% of the companies in the same industry.
The Debt to FCF ratio of FN-PR-B is 184.75, which is on the high side as it means it would take FN-PR-B, 184.75 years of fcf income to pay off all of its debts.
FN-PR-B has a worse Debt to FCF ratio (184.75) than 60.71% of its industry peers.
A Debt/Equity ratio of 71.28 is on the high side and indicates that FN-PR-B has dependencies on debt financing.
FN-PR-B's Debt to Equity ratio of 71.28 is on the low side compared to the rest of the industry. FN-PR-B is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Altman-Z | -0.03 |
ROIC/WACC0.14
WACC2.5%
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 is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
FN-PR-B has a Quick Ratio of 0.05. This is a bad value and indicates that FN-PR-B is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.05, FN-PR-B is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| 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 -19.69% in the last year.
The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
The Revenue has grown by 8.85% in the past year. This is quite good.
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
Based on estimates for the next years, FN-PR-B will show a small growth in Earnings Per Share. The EPS will grow by 7.25% on average per year.
FN-PR-B 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
The Price/Earnings ratio is 6.96, which indicates a rather cheap valuation of FN-PR-B.
FN-PR-B's Price/Earnings ratio is rather cheap when compared to the industry. FN-PR-B is cheaper than 100.00% of the companies in the same industry.
FN-PR-B's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.02.
A Price/Forward Earnings ratio of 5.25 indicates a rather cheap valuation of FN-PR-B.
FN-PR-B's Price/Forward Earnings ratio is rather cheap when compared to the industry. FN-PR-B is cheaper than 100.00% of the companies in the same industry.
FN-PR-B is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.96 | ||
| Fwd PE | 5.25 |
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 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FN-PR-B indicates a rather cheap valuation: FN-PR-B is cheaper than 96.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.43 | ||
| EV/EBITDA | 185.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FN-PR-B does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.23
PEG (5Y)3.42
EPS Next 2Y10.19%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.21%, FN-PR-B is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.68, FN-PR-B is paying slightly less dividend.
FN-PR-B's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.21% |
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 99.34% 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.
DP99.34%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
FIRST NATIONAL FINANCIAL - FNCN 4.41 PERP
TSX:FN-PR-B (10/10/2025, 7:00:00 PM)
21.3
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners3.8%
Inst Owner ChangeN/A
Ins Owners59.79%
Ins Owner ChangeN/A
Market Cap1.28B
Analysts40
Price Target21.24 (-0.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.21% |
Yearly Dividend3.02
Dividend Growth(5Y)4.25%
DP99.34%
Div Incr Years3
Div Non Decr Years3
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)10.82%
PT rev (3m)24.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.96 | ||
| Fwd PE | 5.25 | ||
| P/S | 0.55 | ||
| P/FCF | 4.43 | ||
| P/OCF | 4.41 | ||
| P/B | 1.71 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 185.17 |
EPS(TTM)3.06
EY14.37%
EPS(NY)4.06
Fwd EY19.04%
FCF(TTM)4.8
FCFY22.55%
OCF(TTM)4.83
OCFY22.68%
SpS38.53
BVpS12.45
TBVpS11.95
PEG (NY)3.23
PEG (5Y)3.42
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
WACC2.5%
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-98.27%
EBIT Next 3Y-72.17%
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