FIDELITY NATIONAL FINANCIAL (FNF) Fundamental Analysis & Valuation

NYSE:FNF • US31620R3030

Current stock price

46.38 USD
+0.68 (+1.49%)
At close:
46.38 USD
0 (0%)
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This FNF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. FNF Profitability Analysis

1.1 Basic Checks

  • In the past year FNF was profitable.
  • In the past year FNF had a positive cash flow from operations.
  • Each year in the past 5 years FNF has been profitable.
  • Each year in the past 5 years FNF had a positive operating cash flow.
FNF Yearly Net Income VS EBIT VS OCF VS FCFFNF 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 2025 2B 4B 6B

1.2 Ratios

  • FNF's Return On Assets of 0.55% is on the low side compared to the rest of the industry. FNF is outperformed by 70.07% of its industry peers.
  • FNF has a Return On Equity of 8.11%. This is in the lower half of the industry: FNF underperforms 62.59% of its industry peers.
  • With a Return On Invested Capital value of 0.98%, FNF is not doing good in the industry: 63.95% of the companies in the same industry are doing better.
  • FNF had an Average Return On Invested Capital over the past 3 years of 1.01%. This is significantly below the industry average of 9.36%.
Industry RankSector Rank
ROA 0.55%
ROE 8.11%
ROIC 0.98%
ROA(3y)0.84%
ROA(5y)1.82%
ROE(3y)10.66%
ROE(5y)16.57%
ROIC(3y)1.01%
ROIC(5y)1.79%
FNF Yearly ROA, ROE, ROICFNF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • FNF has a Profit Margin of 4.15%. This is in the lower half of the industry: FNF underperforms 72.11% of its industry peers.
  • FNF's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 11.30%, FNF perfoms like the industry average, outperforming 44.90% of the companies in the same industry.
  • FNF's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.3%
PM (TTM) 4.15%
GM N/A
OM growth 3Y-10.78%
OM growth 5Y-8.26%
PM growth 3Y-28.08%
PM growth 5Y-20.71%
GM growth 3YN/A
GM growth 5YN/A
FNF Yearly Profit, Operating, Gross MarginsFNF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

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4

2. FNF Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FNF is destroying value.
  • FNF has less shares outstanding than it did 1 year ago.
  • FNF has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FNF has been reduced compared to a year ago.
FNF Yearly Shares OutstandingFNF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
FNF Yearly Total Debt VS Total AssetsFNF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • FNF has a debt to FCF ratio of 0.77. This is a very positive value and a sign of high solvency as it would only need 0.77 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.77, FNF is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • FNF has a Debt/Equity ratio of 0.59. This is a neutral value indicating FNF is somewhat dependend on debt financing.
  • FNF has a Debt to Equity ratio of 0.59. This is in the lower half of the industry: FNF underperforms 78.23% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for FNF, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 0.77
Altman-Z N/A
ROIC/WACC0.13
WACC7.52%
FNF Yearly LT Debt VS Equity VS FCFFNF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FNF Yearly Current Assets VS Current LiabilitesFNF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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

5

3. FNF Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.33% over the past year.
  • The Earnings Per Share has been decreasing by -1.28% on average over the past years.
  • FNF shows a small growth in Revenue. In the last year, the Revenue has grown by 5.76%.
  • Measured over the past years, FNF shows a small growth in Revenue. The Revenue has been growing by 6.12% on average per year.
EPS 1Y (TTM)7.33%
EPS 3Y-2.66%
EPS 5Y-1.28%
EPS Q2Q%5.22%
Revenue 1Y (TTM)5.76%
Revenue growth 3Y7.74%
Revenue growth 5Y6.12%
Sales Q2Q%11.88%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.63% on average over the next years. This is quite good.
  • FNF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.72% yearly.
EPS Next Y22.02%
EPS Next 2Y16.44%
EPS Next 3Y12.63%
EPS Next 5YN/A
Revenue Next Year13.27%
Revenue Next 2Y9.19%
Revenue Next 3Y8.72%
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 accelerating.
FNF Yearly Revenue VS EstimatesFNF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
FNF Yearly EPS VS EstimatesFNF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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7

4. FNF Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.31, the valuation of FNF can be described as reasonable.
  • Based on the Price/Earnings ratio, FNF is valued a bit cheaper than the industry average as 61.22% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.35. FNF is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 7.63, the valuation of FNF can be described as very cheap.
  • FNF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FNF is cheaper than 70.75% of the companies in the same industry.
  • FNF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.61.
Industry RankSector Rank
PE 9.31
Fwd PE 7.63
FNF Price Earnings VS Forward Price EarningsFNF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FNF's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, FNF is valued cheaply inside the industry as 87.07% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.21
EV/EBITDA 11.83
FNF Per share dataFNF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • FNF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FNF's earnings are expected to grow with 12.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y16.44%
EPS Next 3Y12.63%

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

8

5. FNF Dividend Analysis

5.1 Amount

  • FNF has a Yearly Dividend Yield of 4.53%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.50, FNF pays a better dividend. On top of this FNF pays more dividend than 83.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FNF pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.53%

5.2 History

  • The dividend of FNF is nicely growing with an annual growth rate of 7.83%!
  • FNF has been paying a dividend for at least 10 years, so it has a reliable track record.
  • FNF has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.83%
Div Incr Years13
Div Non Decr Years13
FNF Yearly Dividends per shareFNF Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • FNF pays out 90.70% of its income as dividend. This is not a sustainable payout ratio.
  • FNF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP90.7%
EPS Next 2Y16.44%
EPS Next 3Y12.63%
FNF Yearly Income VS Free CF VS DividendFNF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
FNF Dividend Payout.FNF Dividend Payout, showing the Payout Ratio.FNF Dividend Payout.PayoutRetained Earnings

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FNF Fundamentals: All Metrics, Ratios and Statistics

FIDELITY NATIONAL FINANCIAL

NYSE:FNF (3/31/2026, 8:04:00 PM)

After market: 46.38 0 (0%)

46.38

+0.68 (+1.49%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-20
Earnings (Next)N/A
Inst Owners82.07%
Inst Owner Change-1.44%
Ins Owners5.57%
Ins Owner Change1.55%
Market Cap12.58B
Revenue(TTM)14.50B
Net Income(TTM)602.00M
Analysts80
Price Target68.54 (47.78%)
Short Float %2.76%
Short Ratio3.58
Dividend
Industry RankSector Rank
Dividend Yield 4.53%
Yearly Dividend2
Dividend Growth(5Y)7.83%
DP90.7%
Div Incr Years13
Div Non Decr Years13
Ex-Date03-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.89%
Min EPS beat(2)-6.72%
Max EPS beat(2)8.49%
EPS beat(4)1
Avg EPS beat(4)-10.25%
Min EPS beat(4)-29.93%
Max EPS beat(4)8.49%
EPS beat(8)3
Avg EPS beat(8)-6.58%
EPS beat(12)4
Avg EPS beat(12)-9.02%
EPS beat(16)6
Avg EPS beat(16)-7.52%
Revenue beat(2)2
Avg Revenue beat(2)9.09%
Min Revenue beat(2)8.55%
Max Revenue beat(2)9.63%
Revenue beat(4)3
Avg Revenue beat(4)0.3%
Min Revenue beat(4)-18.71%
Max Revenue beat(4)9.63%
Revenue beat(8)6
Avg Revenue beat(8)3.97%
Revenue beat(12)10
Avg Revenue beat(12)5.54%
Revenue beat(16)12
Avg Revenue beat(16)3.02%
PT rev (1m)-2.04%
PT rev (3m)-4.27%
EPS NQ rev (1m)-3.77%
EPS NQ rev (3m)-7.43%
EPS NY rev (1m)-2.67%
EPS NY rev (3m)-4.1%
Revenue NQ rev (1m)0.66%
Revenue NQ rev (3m)4.54%
Revenue NY rev (1m)3.38%
Revenue NY rev (3m)3.42%
Valuation
Industry RankSector Rank
PE 9.31
Fwd PE 7.63
P/S 0.87
P/FCF 2.21
P/OCF 2.16
P/B 1.69
P/tB N/A
EV/EBITDA 11.83
EPS(TTM)4.98
EY10.74%
EPS(NY)6.08
Fwd EY13.1%
FCF(TTM)20.95
FCFY45.18%
OCF(TTM)21.49
OCFY46.34%
SpS53.49
BVpS27.38
TBVpS-18.12
PEG (NY)0.42
PEG (5Y)N/A
Graham Number55.39
Profitability
Industry RankSector Rank
ROA 0.55%
ROE 8.11%
ROCE 1.57%
ROIC 0.98%
ROICexc 1.01%
ROICexgc 1.47%
OM 11.3%
PM (TTM) 4.15%
GM N/A
FCFM 39.17%
ROA(3y)0.84%
ROA(5y)1.82%
ROE(3y)10.66%
ROE(5y)16.57%
ROIC(3y)1.01%
ROIC(5y)1.79%
ROICexc(3y)1.05%
ROICexc(5y)1.9%
ROICexgc(3y)1.5%
ROICexgc(5y)2.59%
ROCE(3y)1.62%
ROCE(5y)2.87%
ROICexgc growth 3Y-18.17%
ROICexgc growth 5Y-16.24%
ROICexc growth 3Y-19.65%
ROICexc growth 5Y-17.57%
OM growth 3Y-10.78%
OM growth 5Y-8.26%
PM growth 3Y-28.08%
PM growth 5Y-20.71%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 0.77
Debt/EBITDA 3.68
Cap/Depr -33.26%
Cap/Sales 1.01%
Interest Coverage 7.16
Cash Conversion 486.88%
Profit Quality 943.69%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC7.52%
ROIC/WACC0.13
Cap/Depr(3y)27.2%
Cap/Depr(5y)112.34%
Cap/Sales(3y)1.07%
Cap/Sales(5y)1.05%
Profit Quality(3y)898.76%
Profit Quality(5y)632.74%
High Growth Momentum
Growth
EPS 1Y (TTM)7.33%
EPS 3Y-2.66%
EPS 5Y-1.28%
EPS Q2Q%5.22%
EPS Next Y22.02%
EPS Next 2Y16.44%
EPS Next 3Y12.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.76%
Revenue growth 3Y7.74%
Revenue growth 5Y6.12%
Sales Q2Q%11.88%
Revenue Next Year13.27%
Revenue Next 2Y9.19%
Revenue Next 3Y8.72%
Revenue Next 5YN/A
EBIT growth 1Y-15.99%
EBIT growth 3Y-3.87%
EBIT growth 5Y-2.64%
EBIT Next Year70.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-14.81%
FCF growth 3Y10.44%
FCF growth 5Y31.08%
OCF growth 1Y-14.48%
OCF growth 3Y10.2%
OCF growth 5Y29.86%

FIDELITY NATIONAL FINANCIAL / FNF Fundamental Analysis FAQ

What is the fundamental rating for FNF stock?

ChartMill assigns a fundamental rating of 4 / 10 to FNF.


What is the valuation status of FIDELITY NATIONAL FINANCIAL (FNF) stock?

ChartMill assigns a valuation rating of 7 / 10 to FIDELITY NATIONAL FINANCIAL (FNF). This can be considered as Undervalued.


How profitable is FIDELITY NATIONAL FINANCIAL (FNF) stock?

FIDELITY NATIONAL FINANCIAL (FNF) has a profitability rating of 2 / 10.


What is the financial health of FIDELITY NATIONAL FINANCIAL (FNF) stock?

The financial health rating of FIDELITY NATIONAL FINANCIAL (FNF) is 4 / 10.


How sustainable is the dividend of FIDELITY NATIONAL FINANCIAL (FNF) stock?

The dividend rating of FIDELITY NATIONAL FINANCIAL (FNF) is 8 / 10 and the dividend payout ratio is 90.7%.