FIRST NATIONAL FINANCIAL COR (FN.CA) Fundamental Analysis & Valuation

TSX:FN • CA33564P1036

Current stock price

47.98 CAD
-0.01 (-0.02%)
Last:

This FN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. FN.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FN was profitable.
  • In the past year FN had a positive cash flow from operations.
  • Each year in the past 5 years FN has been profitable.
  • FN had negative operating cash flow in 4 of the past 5 years.
FN.CA Yearly Net Income VS EBIT VS OCF VS FCFFN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M -600M

1.2 Ratios

  • FN has a Return On Assets of 0.34%. This is in the lower half of the industry: FN underperforms 71.43% of its industry peers.
  • FN's Return On Equity of 24.60% is amongst the best of the industry. FN outperforms 92.86% of its industry peers.
  • FN has a worse Return On Invested Capital (0.35%) 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 7.43%.
Industry RankSector 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%
FN.CA Yearly ROA, ROE, ROICFN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • The Profit Margin of FN (7.95%) is worse than 67.86% of its industry peers.
  • FN's Profit Margin has declined in the last couple of years.
  • 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.
  • FN has a Gross Margin (25.03%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of FN has declined.
Industry RankSector 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%
FN.CA Yearly Profit, Operating, Gross MarginsFN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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0

2. FN.CA Health Analysis

2.1 Basic Checks

  • FN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, FN has about the same amount of shares outstanding.
  • The number of shares outstanding for FN remains at a similar level compared to 5 years ago.
  • Compared to 1 year ago, FN has a worse debt to assets ratio.
FN.CA Yearly Shares OutstandingFN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
FN.CA Yearly Total Debt VS Total AssetsFN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

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.
  • Looking at the Altman-Z score, with a value of -0.01, FN is doing worse than 85.71% of the companies in the same industry.
  • The Debt to FCF ratio of FN is 184.75, which is on the high side as it means it would take FN, 184.75 years of fcf income to pay off all of its debts.
  • FN has a worse Debt to FCF ratio (184.75) than 67.86% of its industry peers.
  • FN has a Debt/Equity ratio of 71.28. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 71.28, FN is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 71.28
Debt/FCF 184.75
Altman-Z -0.01
ROIC/WACC0.12
WACC2.89%
FN.CA Yearly LT Debt VS Equity VS FCFFN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 0.05 indicates that FN may have some problems paying its short term obligations.
  • FN has a worse Current ratio (0.05) than 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 has a worse Quick ratio (0.05) than 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.05
Quick Ratio 0.05
FN.CA Yearly Current Assets VS Current LiabilitesFN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. FN.CA Growth Analysis

3.1 Past

  • The earnings per share for FN 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.
  • Measured over the past years, FN shows a quite strong growth in Revenue. The Revenue has been growing by 10.82% on average per year.
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.
  • FN 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.
FN.CA Yearly Revenue VS EstimatesFN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
FN.CA Yearly EPS VS EstimatesFN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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5

4. FN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.68, which 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.
  • The average S&P500 Price/Earnings ratio is at 27.47. FN is valued slightly cheaper when compared to this.
  • FN is valuated reasonably with a Price/Forward Earnings ratio of 11.83.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FN indicates a somewhat cheap valuation: FN is cheaper than 71.43% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.62, FN is valued a bit cheaper.
Industry RankSector Rank
PE 15.68
Fwd PE 11.83
FN.CA Price Earnings VS Forward Price EarningsFN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

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.
  • FN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FN is cheaper than 89.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.99
EV/EBITDA 191.17
FN.CA Per share dataFN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. FN.CA Dividend Analysis

5.1 Amount

  • FN has a Yearly Dividend Yield of 3.24%.
  • FN's Dividend Yield is slightly below the industry average, which is at 5.50.
  • FN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector 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
FN.CA Yearly Dividends per shareFN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • FN pays out 99.34% of its income as dividend. 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%
FN.CA Yearly Income VS Free CF VS DividendFN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M -600M
FN.CA Dividend Payout.FN.CA Dividend Payout, showing the Payout Ratio.FN.CA Dividend Payout.PayoutRetained Earnings

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FN.CA Fundamentals: All Metrics, Ratios and Statistics

FIRST NATIONAL FINANCIAL COR

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
Earnings (Next)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 RankSector 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 RankSector 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 Number29.276 (-38.98%)
Profitability
Industry RankSector 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 RankSector 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 Fundamental Analysis 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.


What is the profitability of FN stock?

FIRST NATIONAL FINANCIAL COR (FN.CA) has a profitability rating of 2 / 10.


Can you provide the financial health for FN stock?

The financial health rating of FIRST NATIONAL FINANCIAL COR (FN.CA) is 0 / 10.


What is the earnings growth outlook for FIRST NATIONAL FINANCIAL COR?

The Earnings per Share (EPS) of FIRST NATIONAL FINANCIAL COR (FN.CA) is expected to grow by 2.15% in the next year.