FNM SPA (FNM.MI) Stock Fundamental Analysis
BIT:FNM - Euronext Milan - IT0000060886 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to FNM. FNM was compared to 12 industry peers in the Ground Transportation industry. FNM scores excellent on profitability, but there are some minor concerns on its financial health. FNM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. FNM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FNM was profitable.
In the past year FNM had a positive cash flow from operations.
FNM had positive earnings in each of the past 5 years.
FNM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.98%, FNM is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
FNM's Return On Equity of 31.67% is fine compared to the rest of the industry. FNM outperforms 76.92% of its industry peers.
FNM has a better Return On Invested Capital (22.83%) than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FNM is above the industry average of 9.16%.
The 3 year average ROIC (12.09%) for FNM is below the current ROIC(22.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 31.67% | ||
| ROIC | 22.83% |
ROA(3y)3.12%
ROA(5y)2.85%
ROE(3y)22.21%
ROE(5y)15.78%
ROIC(3y)12.09%
ROIC(5y)10.36%
1.3 Margins
With a decent Profit Margin value of 9.63%, FNM is doing good in the industry, outperforming 69.23% of the companies in the same industry.
In the last couple of years the Profit Margin of FNM has grown nicely.
FNM has a Operating Margin of 37.84%. This is amongst the best in the industry. FNM outperforms 92.31% of its industry peers.
In the last couple of years the Operating Margin of FNM has grown nicely.
FNM's Gross Margin of 96.07% is amongst the best of 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.84% | ||
| PM (TTM) | 9.63% | ||
| GM | 96.07% |
OM growth 3Y16.88%
OM growth 5Y14.36%
PM growth 3Y10.06%
PM growth 5Y2.29%
GM growth 3Y0.76%
GM growth 5Y0.53%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), FNM is creating value.
The number of shares outstanding for FNM remains at a similar level compared to 1 year ago.
The number of shares outstanding for FNM remains at a similar level compared to 5 years ago.
Compared to 1 year ago, FNM has an improved debt to assets ratio.
2.2 Solvency
FNM has an Altman-Z score of 1.32. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
FNM's Altman-Z score of 1.32 is on the low side compared to the rest of the industry. FNM is outperformed by 61.54% of its industry peers.
FNM has a debt to FCF ratio of 8.16. This is a slightly negative value and a sign of low solvency as FNM would need 8.16 years to pay back of all of its debts.
FNM's Debt to FCF ratio of 8.16 is in line compared to the rest of the industry. FNM outperforms 46.15% of its industry peers.
A Debt/Equity ratio of 2.65 is on the high side and indicates that FNM has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.65, FNM is doing worse than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Altman-Z | 1.32 |
ROIC/WACC6.84
WACC3.34%
2.3 Liquidity
A Current Ratio of 1.05 indicates that FNM should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.05, FNM is doing good in the industry, outperforming 61.54% of the companies in the same industry.
FNM has a Quick Ratio of 1.03. This is a normal value and indicates that FNM is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.03, FNM is doing good in the industry, outperforming 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.49% over the past year.
Measured over the past years, FNM shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.20% on average per year.
The Revenue has grown by 16.82% in the past year. This is quite good.
The Revenue has been growing by 20.45% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)2.49%
EPS 3Y49.53%
EPS 5Y23.2%
EPS Q2Q%3.77%
Revenue 1Y (TTM)16.82%
Revenue growth 3Y35.86%
Revenue growth 5Y20.45%
Sales Q2Q%31.96%
3.2 Future
Based on estimates for the next years, FNM will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.27% on average per year.
Based on estimates for the next years, FNM will show a small growth in Revenue. The Revenue will grow by 5.08% on average per year.
EPS Next Y52.17%
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
EPS Next 5Y10.27%
Revenue Next Year0.42%
Revenue Next 2Y3.77%
Revenue Next 3Y4.19%
Revenue Next 5Y5.08%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 1.52 indicates a rather cheap valuation of FNM.
Compared to the rest of the industry, the Price/Earnings ratio of FNM indicates a rather cheap valuation: FNM is cheaper than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.21, FNM is valued rather cheaply.
A Price/Forward Earnings ratio of 3.13 indicates a rather cheap valuation of FNM.
Based on the Price/Forward Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 20.44. FNM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.52 | ||
| Fwd PE | 3.13 |
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.
100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.25 | ||
| EV/EBITDA | 0.46 |
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.
FNM has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as FNM's earnings are expected to decrease with -7.85% in the coming years.
PEG (NY)0.03
PEG (5Y)0.07
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.73%, FNM is a good candidate for dividend investing.
FNM's Dividend Yield is rather good when compared to the industry average which is at 3.27. FNM pays more dividend than 100.00% of the companies in the same industry.
FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
5.2 History
The dividend of FNM is nicely growing with an annual growth rate of 10.44%!
Dividend Growth(5Y)10.44%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
8.74% of the earnings are spent on dividend by FNM. This is a low number and sustainable payout ratio.
FNM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP8.74%
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
BIT:FNM (5/9/2025, 7:00:00 PM)
0.395
+0.01 (+1.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners7.35%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap171.79M
Analysts76.67
Price Target0.68 (72.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
Yearly Dividend0.02
Dividend Growth(5Y)10.44%
DP8.74%
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)-1.47%
PT rev (3m)-1.47%
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%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.52 | ||
| Fwd PE | 3.13 | ||
| P/S | 0.14 | ||
| P/FCF | 1.25 | ||
| P/OCF | 0.86 | ||
| P/B | 0.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.46 |
EPS(TTM)0.26
EY65.82%
EPS(NY)0.13
Fwd EY31.96%
FCF(TTM)0.32
FCFY79.81%
OCF(TTM)0.46
OCFY115.9%
SpS2.73
BVpS0.83
TBVpS-0.02
PEG (NY)0.03
PEG (5Y)0.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 31.67% | ||
| ROCE | 33.41% | ||
| ROIC | 22.83% | ||
| ROICexc | 41.14% | ||
| ROICexgc | 75.35% | ||
| OM | 37.84% | ||
| PM (TTM) | 9.63% | ||
| GM | 96.07% | ||
| FCFM | 11.54% |
ROA(3y)3.12%
ROA(5y)2.85%
ROE(3y)22.21%
ROE(5y)15.78%
ROIC(3y)12.09%
ROIC(5y)10.36%
ROICexc(3y)20.23%
ROICexc(5y)18.33%
ROICexgc(3y)32.83%
ROICexgc(5y)26.14%
ROCE(3y)17.53%
ROCE(5y)14.87%
ROICexcg growth 3Y48.96%
ROICexcg growth 5Y38.9%
ROICexc growth 3Y26.82%
ROICexc growth 5Y26.3%
OM growth 3Y16.88%
OM growth 5Y14.36%
PM growth 3Y10.06%
PM growth 5Y2.29%
GM growth 3Y0.76%
GM growth 5Y0.53%
F-Score6
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Debt/EBITDA | 1.67 | ||
| Cap/Depr | 49.55% | ||
| Cap/Sales | 5.22% | ||
| Interest Coverage | 24.05 | ||
| Cash Conversion | 34.66% | ||
| Profit Quality | 119.85% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 1.32 |
F-Score6
WACC3.34%
ROIC/WACC6.84
Cap/Depr(3y)65.96%
Cap/Depr(5y)93.98%
Cap/Sales(3y)8.63%
Cap/Sales(5y)12.28%
Profit Quality(3y)166.73%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.49%
EPS 3Y49.53%
EPS 5Y23.2%
EPS Q2Q%3.77%
EPS Next Y52.17%
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
EPS Next 5Y10.27%
Revenue 1Y (TTM)16.82%
Revenue growth 3Y35.86%
Revenue growth 5Y20.45%
Sales Q2Q%31.96%
Revenue Next Year0.42%
Revenue Next 2Y3.77%
Revenue Next 3Y4.19%
Revenue Next 5Y5.08%
EBIT growth 1Y44.76%
EBIT growth 3Y58.8%
EBIT growth 5Y37.75%
EBIT Next Year143.63%
EBIT Next 3Y42.75%
EBIT Next 5YN/A
FCF growth 1Y34.82%
FCF growth 3YN/A
FCF growth 5Y14.51%
OCF growth 1Y8.54%
OCF growth 3Y190.65%
OCF growth 5Y12.25%