FIDELITY NATIONAL FINANCIAL (FNF) Fundamental Analysis & Valuation

NYSE:FNF • US31620R3030

Current stock price

45.69 USD
-0.49 (-1.06%)
At close:
45.69 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

  • FNF had positive earnings in the past year.
  • FNF had a positive operating cash flow in the past year.
  • Each year in the past 5 years FNF has been profitable.
  • In the past 5 years FNF always reported a positive cash flow from operatings.
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

  • The Return On Assets of FNF (0.55%) is worse than 70.07% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.11%, FNF is doing worse than 62.59% of the companies in the same industry.
  • The Return On Invested Capital of FNF (0.98%) is worse than 63.95% of its industry peers.
  • 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 worse Profit Margin (4.15%) than 72.11% of its industry peers.
  • In the last couple of years the Profit Margin of FNF has declined.
  • Looking at the Operating Margin, with a value of 11.30%, FNF is in line with its industry, outperforming 44.90% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FNF has declined.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FNF is destroying value.
  • Compared to 1 year ago, FNF has less shares outstanding
  • The number of shares outstanding for FNF has been reduced compared to 5 years ago.
  • FNF has a better debt/assets ratio than last year.
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

  • The Debt to FCF ratio of FNF is 0.77, which is an excellent value as it means it would take FNF, only 0.77 years of fcf income to pay off 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.
  • A Debt/Equity ratio of 0.59 indicates that FNF is somewhat dependend on debt financing.
  • FNF's Debt to Equity ratio of 0.59 is on the low side compared to the rest of the industry. FNF is outperformed by 78.23% of its industry peers.
  • Although FNF's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 0.77
Altman-Z N/A
ROIC/WACC0.13
WACC7.47%
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.
  • Looking at the last year, FNF shows a small growth in Revenue. The Revenue has grown by 5.76% in the last year.
  • The Revenue has been growing slightly by 6.12% on average over the past years.
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

  • FNF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.63% yearly.
  • The Revenue is expected to grow by 8.72% on average over the next years. This is quite good.
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

  • FNF is valuated reasonably with a Price/Earnings ratio of 9.17.
  • Based on the Price/Earnings ratio, FNF is valued a bit cheaper than 63.95% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.60, FNF is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 7.52, 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 72.11% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, FNF is valued rather cheaply.
Industry RankSector Rank
PE 9.17
Fwd PE 7.52
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FNF.
  • FNF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FNF is cheaper than 87.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.18
EV/EBITDA 11.82
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.
  • A more expensive valuation may be justified as FNF's earnings are expected to grow with 12.63% in the coming years.
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 1.88, FNF pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.53%

5.2 History

  • On average, the dividend of FNF grows each year by 7.83%, which is quite nice.
  • 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

  • 90.70% of the earnings are spent on dividend by FNF. 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 (4/2/2026, 8:26:06 PM)

After market: 45.69 0 (0%)

45.69

-0.49 (-1.06%)

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 Cap12.39B
Revenue(TTM)14.50B
Net Income(TTM)602.00M
Analysts80
Price Target68.54 (50.01%)
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 9.17
Fwd PE 7.52
P/S 0.85
P/FCF 2.18
P/OCF 2.13
P/B 1.67
P/tB N/A
EV/EBITDA 11.82
EPS(TTM)4.98
EY10.9%
EPS(NY)6.08
Fwd EY13.3%
FCF(TTM)20.95
FCFY45.86%
OCF(TTM)21.49
OCFY47.04%
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
WACC7.47%
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%.