FIRST NATIONAL FINANCIAL COR (FN.CA) Stock Fundamental Analysis
TSX:FN • CA33564P1036
47.98 CAD
-0.01 (-0.02%)
Last: Oct 23, 2025, 07:00 PM
We assign a fundamental rating of 2 out of 10 to FN. FN was compared to 27 industry peers in the Financial Services industry. FN has a bad profitability rating. Also its financial health evaluation is rather negative. FN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- FN had positive earnings in the past year.
- FN had a positive operating cash flow in the past year.
- FN had positive earnings in each of the past 5 years.
- In the past 5 years FN reported 4 times negative operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.34%, FN is doing worse than 71.43% of the companies in the same industry.
- The Return On Equity of FN (24.60%) is better than 92.86% of its industry peers.
- The Return On Invested Capital of FN (0.35%) is worse than 89.29% of its industry peers.
- FN had an Average Return On Invested Capital over the past 3 years of 0.47%. This is significantly below the industry average of 8.08%.
| 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
- Looking at the Profit Margin, with a value of 7.95%, FN is doing worse than 67.86% of the companies in the same industry.
- In the last couple of years the Profit Margin of FN has declined.
- The Operating Margin of FN (11.01%) is worse than 85.71% of its industry peers.
- FN's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 25.03%, FN perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
- In the last couple of years the Gross Margin of FN has declined.
| 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 is destroying value.
- FN has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for FN remains at a similar level compared to 5 years ago.
- FN has a worse debt/assets ratio than last year.
2.2 Solvency
- FN has an Altman-Z score of -0.01. This is a bad value and indicates that FN is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of -0.01, FN is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
- FN has a debt to FCF ratio of 184.75. This is a negative value and a sign of low solvency as FN would need 184.75 years to pay back of all of its debts.
- FN has a Debt to FCF ratio of 184.75. This is in the lower half of the industry: FN underperforms 67.86% of its industry peers.
- A Debt/Equity ratio of 71.28 is on the high side and indicates that FN has dependencies on debt financing.
- The Debt to Equity ratio of FN (71.28) is worse than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 71.28 | ||
| Debt/FCF | 184.75 | ||
| Altman-Z | -0.01 |
ROIC/WACC0.12
WACC2.89%
2.3 Liquidity
- FN has a Current Ratio of 0.05. This is a bad value and indicates that FN is not financially healthy enough and could expect problems in meeting its short term obligations.
- FN's Current ratio of 0.05 is on the low side compared to the rest of the industry. FN is outperformed by 78.57% of its industry peers.
- A Quick Ratio of 0.05 indicates that FN may have some problems paying its short term obligations.
- FN's Quick ratio of 0.05 is on the low side compared to the rest of the industry. FN is outperformed by 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
- FN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.69%.
- FN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.03% yearly.
- Looking at the last year, FN shows a quite strong growth in Revenue. The Revenue has grown by 8.85% in the last year.
- 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 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
- 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
- A Price/Earnings ratio of 15.68 indicates a correct valuation of FN.
- 67.86% of the companies in the same industry are more expensive than FN, based on the Price/Earnings ratio.
- FN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.09, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 11.83, the valuation of FN can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, FN is valued a bit cheaper than 71.43% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 27.98. FN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 11.83 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FN is valued a bit cheaper than 71.43% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of FN indicates a rather cheap valuation: FN is cheaper than 89.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.99 | ||
| EV/EBITDA | 191.17 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FN does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)7.29
PEG (5Y)7.71
EPS Next 2Y10.19%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
- FN has a Yearly Dividend Yield of 3.24%.
- Compared to an average industry Dividend Yield of 5.63, FN is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.85, FN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
5.2 History
- The dividend of FN has a limited annual growth rate of 4.25%.
- FN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.25%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 99.34% of the earnings are spent on dividend by FN. This is not a sustainable payout ratio.
- FN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP99.34%
EPS Next 2Y10.19%
EPS Next 3Y7.25%
TSX:FN (10/23/2025, 7:00:00 PM)
47.98
-0.01 (-0.02%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)11-04 2025-11-04
Inst Owners3.8%
Inst Owner ChangeN/A
Ins Owners59.79%
Ins Owner ChangeN/A
Market Cap2.88B
Revenue(TTM)2.31B
Net Income(TTM)183.66M
Analysts40
Price Target48.96 (2.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
Yearly Dividend3.02
Dividend Growth(5Y)4.25%
DP99.34%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0%
PT rev (3m)17.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 11.83 | ||
| P/S | 1.25 | ||
| P/FCF | 9.99 | ||
| P/OCF | 9.93 | ||
| P/B | 3.85 | ||
| P/tB | 4.01 | ||
| EV/EBITDA | 191.17 |
EPS(TTM)3.06
EY6.38%
EPS(NY)4.06
Fwd EY8.45%
FCF(TTM)4.8
FCFY10.01%
OCF(TTM)4.83
OCFY10.07%
SpS38.53
BVpS12.45
TBVpS11.95
PEG (NY)7.29
PEG (5Y)7.71
Graham Number29.28
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%
ROICexgc growth 3Y-4.65%
ROICexgc 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 | -0.01 |
F-Score5
WACC2.89%
ROIC/WACC0.12
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
FIRST NATIONAL FINANCIAL COR / FN.CA FAQ
Can you provide the ChartMill fundamental rating for FIRST NATIONAL FINANCIAL COR?
ChartMill assigns a fundamental rating of 2 / 10 to FN.CA.
What is the valuation status of FIRST NATIONAL FINANCIAL COR (FN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to FIRST NATIONAL FINANCIAL COR (FN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for FIRST NATIONAL FINANCIAL COR?
FIRST NATIONAL FINANCIAL COR (FN.CA) has a profitability rating of 2 / 10.
How financially healthy is FIRST NATIONAL FINANCIAL COR?
The financial health rating of FIRST NATIONAL FINANCIAL COR (FN.CA) is 0 / 10.
How sustainable is the dividend of FIRST NATIONAL FINANCIAL COR (FN.CA) stock?
The dividend rating of FIRST NATIONAL FINANCIAL COR (FN.CA) is 4 / 10 and the dividend payout ratio is 99.34%.