FIDELITY NATIONAL FINANCIAL (FNF) Fundamental Analysis & Valuation

NYSE:FNF • US31620R3030

Current stock price

52.09 USD
-0.24 (-0.46%)
Last:

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.
  • In the past 5 years FNF has always been profitable.
  • FNF had a positive operating cash flow in each of the past 5 years.
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 has a worse Return On Assets (0.55%) than 70.07% of its industry peers.
  • FNF has a worse Return On Equity (8.11%) than 64.63% of its industry peers.
  • FNF has a worse Return On Invested Capital (0.98%) than 63.27% 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 9.55%.
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's Profit Margin of 4.15% is on the low side compared to the rest of the industry. FNF is outperformed by 72.79% of its industry peers.
  • FNF's Profit Margin has declined in the last couple of years.
  • The Operating Margin of FNF (11.30%) is comparable to the rest of the 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • The number of shares outstanding for FNF has been reduced compared to 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.
  • FNF's Debt to FCF ratio of 0.77 is fine compared to the rest of the industry. FNF outperforms 71.43% of its industry peers.
  • FNF has a Debt/Equity ratio of 0.59. This is a neutral value indicating FNF is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.59, FNF is not doing good in the industry: 78.23% of the companies in the same industry are doing better.
  • 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
WACC7.62%
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

  • FNF shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.33%.
  • FNF shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.28% yearly.
  • FNF shows a small growth in Revenue. In the last year, the Revenue has grown by 5.76%.
  • 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

  • The Earnings Per Share is expected to grow by 12.63% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 8.72% on average over the next years. This is quite good.
EPS Next Y17.41%
EPS Next 2Y14.44%
EPS Next 3Y12.63%
EPS Next 5YN/A
Revenue Next Year12.74%
Revenue Next 2Y9.03%
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

  • A Price/Earnings ratio of 10.46 indicates a reasonable valuation of FNF.
  • FNF's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of FNF to the average of the S&P500 Index (27.42), we can say FNF is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.91, which indicates a very decent valuation of FNF.
  • Based on the Price/Forward Earnings ratio, FNF is valued a bit cheaper than 66.67% 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 22.29.
Industry RankSector Rank
PE 10.46
Fwd PE 8.91
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 86.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.49
EV/EBITDA 13.33
FNF Per share dataFNF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • The 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)0.6
PEG (5Y)N/A
EPS Next 2Y14.44%
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 4.04%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.36, FNF pays a better dividend. On top of this FNF pays more dividend than 82.31% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, FNF pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.04%

5.2 History

  • The dividend of FNF is nicely growing with an annual growth rate of 7.83%!
  • FNF has paid a dividend for at least 10 years, which is 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 Years14
Div Non Decr Years14
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 2Y14.44%
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 (4/27/2026, 11:02:50 AM)

52.09

-0.24 (-0.46%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-20
Earnings (Next)05-06
Inst Owners82.13%
Inst Owner Change-0.08%
Ins Owners5.57%
Ins Owner Change1.55%
Market Cap14.12B
Revenue(TTM)14.50B
Net Income(TTM)602.00M
Analysts80
Price Target66.71 (28.07%)
Short Float %3.08%
Short Ratio3.89
Dividend
Industry RankSector Rank
Dividend Yield 4.04%
Yearly Dividend2
Dividend Growth(5Y)7.83%
DP90.7%
Div Incr Years14
Div Non Decr Years14
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)-4.66%
PT rev (3m)-6.57%
EPS NQ rev (1m)-2.92%
EPS NQ rev (3m)-11.07%
EPS NY rev (1m)-3.78%
EPS NY rev (3m)-6.5%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)4.17%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)2.9%
Valuation
Industry RankSector Rank
PE 10.46
Fwd PE 8.91
P/S 0.97
P/FCF 2.49
P/OCF 2.42
P/B 1.9
P/tB N/A
EV/EBITDA 13.33
EPS(TTM)4.98
EY9.56%
EPS(NY)5.85
Fwd EY11.23%
FCF(TTM)20.95
FCFY40.22%
OCF(TTM)21.49
OCFY41.26%
SpS53.49
BVpS27.38
TBVpS-18.12
PEG (NY)0.6
PEG (5Y)N/A
Graham Number55.3896 (6.33%)
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
WACC7.62%
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 Y17.41%
EPS Next 2Y14.44%
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 Year12.74%
Revenue Next 2Y9.03%
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%.