FNM SPA (FNM.MI) Fundamental Analysis & Valuation

BIT:FNM • IT0000060886

Current stock price

0.527 EUR
+0.03 (+5.4%)
Last:

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

8

1. FNM.MI Profitability Analysis

1.1 Basic Checks

  • FNM had positive earnings in the past year.
  • FNM had a positive operating cash flow in the past year.
  • Each year in the past 5 years FNM has been profitable.
  • Each year in the past 5 years FNM had a positive operating cash flow.
FNM.MI Yearly Net Income VS EBIT VS OCF VS FCFFNM.MI 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 100M 200M 300M

1.2 Ratios

  • FNM has a Return On Assets of 4.55%. This is in the better half of the industry: FNM outperforms 63.64% of its industry peers.
  • Looking at the Return On Equity, with a value of 26.06%, FNM is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 29.28%, FNM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for FNM is significantly above the industry average of 10.17%.
  • The last Return On Invested Capital (29.28%) for FNM is above the 3 year average (15.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.55%
ROE 26.06%
ROIC 29.28%
ROA(3y)3.25%
ROA(5y)2.8%
ROE(3y)20.91%
ROE(5y)17.55%
ROIC(3y)15.22%
ROIC(5y)12.61%
FNM.MI Yearly ROA, ROE, ROICFNM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • With a Profit Margin value of 7.73%, FNM perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FNM has declined.
  • The Operating Margin of FNM (42.04%) is better than 100.00% of its industry peers.
  • FNM's Operating Margin has improved in the last couple of years.
  • FNM has a Gross Margin of 96.15%. This is amongst the best in the industry. FNM outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of FNM has remained more or less at the same level.
Industry RankSector Rank
OM 42.04%
PM (TTM) 7.73%
GM 96.15%
OM growth 3Y10.39%
OM growth 5Y13.92%
PM growth 3Y-2.18%
PM growth 5Y-7.24%
GM growth 3Y0.1%
GM growth 5Y0.65%
FNM.MI Yearly Profit, Operating, Gross MarginsFNM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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3

2. FNM.MI Health Analysis

2.1 Basic Checks

  • FNM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, FNM has about the same amount of shares outstanding.
  • FNM has about the same amout of shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FNM is higher compared to a year ago.
FNM.MI Yearly Shares OutstandingFNM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FNM.MI Yearly Total Debt VS Total AssetsFNM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • FNM has an Altman-Z score of 1.59. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of FNM (1.59) is comparable to the rest of the industry.
  • FNM has a debt to FCF ratio of 20.19. This is a negative value and a sign of low solvency as FNM would need 20.19 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 20.19, FNM is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • A Debt/Equity ratio of 2.24 is on the high side and indicates that FNM has dependencies on debt financing.
  • FNM has a worse Debt to Equity ratio (2.24) than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.24
Debt/FCF 20.19
Altman-Z 1.59
ROIC/WACC7.25
WACC4.04%
FNM.MI Yearly LT Debt VS Equity VS FCFFNM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.03, FNM perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • A Quick Ratio of 1.01 indicates that FNM should not have too much problems paying its short term obligations.
  • FNM has a Quick ratio (1.01) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 1.01
FNM.MI Yearly Current Assets VS Current LiabilitesFNM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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5

3. FNM.MI Growth Analysis

3.1 Past

  • The earnings per share for FNM have decreased by -5.79% in the last year.
  • The Earnings Per Share has been growing by 14.40% on average over the past years. This is quite good.
  • FNM shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.31%.
  • FNM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.33% yearly.
EPS 1Y (TTM)-5.79%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%38.02%
Revenue 1Y (TTM)21.31%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%8.73%

3.2 Future

  • The Earnings Per Share is expected to decrease by -2.34% on average over the next years.
  • Based on estimates for the next years, FNM will show a small growth in Revenue. The Revenue will grow by 5.25% on average per year.
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
EPS Next 5YN/A
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
Revenue Next 5Y5.25%

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 decreasing.
  • 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.
FNM.MI Yearly Revenue VS EstimatesFNM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M
FNM.MI Yearly EPS VS EstimatesFNM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15

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8

4. FNM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 2.20, which indicates a rather cheap valuation of FNM.
  • Based on the Price/Earnings ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
  • FNM is valuated cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • FNM is valuated cheaply with a Price/Forward Earnings ratio of 4.54.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FNM indicates a rather cheap valuation: FNM is cheaper than 100.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.69. FNM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2.2
Fwd PE 4.54
FNM.MI Price Earnings VS Forward Price EarningsFNM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FNM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.22
EV/EBITDA 0.58
FNM.MI Per share dataFNM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

4.3 Compensation for Growth

  • FNM has an outstanding profitability rating, which may justify a higher PE ratio.
  • FNM's earnings are expected to decrease with -2.34% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%

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8

5. FNM.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.99%, FNM is a good candidate for dividend investing.
  • FNM's Dividend Yield is rather good when compared to the industry average which is at 2.61. FNM pays more dividend than 90.91% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FNM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.99%

5.2 History

  • On average, the dividend of FNM grows each year by 6.23%, which is quite nice.
Dividend Growth(5Y)6.23%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • FNM pays out 7.67% of its income as dividend. This is a sustainable payout ratio.
DP7.67%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
FNM.MI Yearly Income VS Free CF VS DividendFNM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M
FNM.MI Dividend Payout.FNM.MI Dividend Payout, showing the Payout Ratio.FNM.MI Dividend Payout.PayoutRetained Earnings

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FNM.MI Fundamentals: All Metrics, Ratios and Statistics

FNM SPA

BIT:FNM (4/8/2026, 7:00:00 PM)

0.527

+0.03 (+5.4%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)02-05
Earnings (Next)05-12
Inst Owners6.69%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap229.19M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.7 (32.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.99%
Yearly Dividend0.02
Dividend Growth(5Y)6.23%
DP7.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.44%
PT rev (3m)-1.44%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.02%
Valuation
Industry RankSector Rank
PE 2.2
Fwd PE 4.54
P/S 0.17
P/FCF 4.22
P/OCF 1.48
P/B 0.56
P/tB 2.61
EV/EBITDA 0.58
EPS(TTM)0.24
EY45.54%
EPS(NY)0.12
Fwd EY22.04%
FCF(TTM)0.12
FCFY23.68%
OCF(TTM)0.36
OCFY67.76%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.15
Graham Number2.25
Profitability
Industry RankSector Rank
ROA 4.55%
ROE 26.06%
ROCE 43.04%
ROIC 29.28%
ROICexc 49.11%
ROICexgc 77.19%
OM 42.04%
PM (TTM) 7.73%
GM 96.15%
FCFM 3.95%
ROA(3y)3.25%
ROA(5y)2.8%
ROE(3y)20.91%
ROE(5y)17.55%
ROIC(3y)15.22%
ROIC(5y)12.61%
ROICexc(3y)28.1%
ROICexc(5y)22.66%
ROICexgc(3y)51.45%
ROICexgc(5y)38.36%
ROCE(3y)22.1%
ROCE(5y)18.33%
ROICexgc growth 3Y48.18%
ROICexgc growth 5Y32.59%
ROICexc growth 3Y34.2%
ROICexc growth 5Y16.46%
OM growth 3Y10.39%
OM growth 5Y13.92%
PM growth 3Y-2.18%
PM growth 5Y-7.24%
GM growth 3Y0.1%
GM growth 5Y0.65%
F-Score6
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 2.24
Debt/FCF 20.19
Debt/EBITDA 1.28
Cap/Depr 75.03%
Cap/Sales 7.36%
Interest Coverage 27.18
Cash Conversion 21.81%
Profit Quality 51.12%
Current Ratio 1.03
Quick Ratio 1.01
Altman-Z 1.59
F-Score6
WACC4.04%
ROIC/WACC7.25
Cap/Depr(3y)71.66%
Cap/Depr(5y)87.58%
Cap/Sales(3y)9.7%
Cap/Sales(5y)11.69%
Profit Quality(3y)143.15%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.79%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%38.02%
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-2.34%
EPS Next 5YN/A
Revenue 1Y (TTM)21.31%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%8.73%
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year136.9%
EBIT Next 3Y42.1%
EBIT Next 5Y25.31%
FCF growth 1Y-36.18%
FCF growth 3Y1.34%
FCF growth 5Y22.79%
OCF growth 1Y7.16%
OCF growth 3Y11.59%
OCF growth 5Y19.96%

FNM SPA / FNM.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FNM SPA?

ChartMill assigns a fundamental rating of 6 / 10 to FNM.MI.


What is the valuation status of FNM SPA (FNM.MI) stock?

ChartMill assigns a valuation rating of 8 / 10 to FNM SPA (FNM.MI). This can be considered as Undervalued.


What is the profitability of FNM stock?

FNM SPA (FNM.MI) has a profitability rating of 8 / 10.


What are the PE and PB ratios of FNM SPA (FNM.MI) stock?

The Price/Earnings (PE) ratio for FNM SPA (FNM.MI) is 2.2 and the Price/Book (PB) ratio is 0.56.


What is the earnings growth outlook for FNM SPA?

The Earnings per Share (EPS) of FNM SPA (FNM.MI) is expected to decline by -28.76% in the next year.