FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.477 EUR
0 (-0.21%)
We assign a fundamental rating of 6 out of 10 to FNM. FNM was compared to 16 industry peers in the Ground Transportation industry. While FNM has a great profitability rating, there are quite some concerns on its financial health. FNM is valued quite cheap, while showing a decent growth score. This is a good combination! Finally FNM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FNM was profitable.
FNM had a positive operating cash flow in the past year.
In the past 5 years FNM has always been profitable.
Each year in the past 5 years FNM had a positive operating cash flow.
1.2 Ratios
FNM has a better Return On Assets (4.55%) than 62.50% of its industry peers.
FNM has a Return On Equity of 26.06%. This is in the better half of the industry: FNM outperforms 75.00% of its industry peers.
The Return On Invested Capital of FNM (29.28%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FNM is significantly above the industry average of 8.29%.
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 Rank | Sector 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%
1.3 Margins
FNM has a Profit Margin (7.73%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of FNM has declined.
With an excellent Operating Margin value of 42.04%, FNM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
FNM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 96.15%, FNM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
FNM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), FNM is creating value.
FNM has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FNM has about the same amount of shares outstanding.
Compared to 1 year ago, FNM has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.59, we must say that FNM is in the distress zone and has some risk of bankruptcy.
FNM's Altman-Z score of 1.59 is on the low side compared to the rest of the industry. FNM is outperformed by 68.75% of its industry peers.
The Debt to FCF ratio of FNM is 20.19, which is on the high side as it means it would take FNM, 20.19 years of fcf income to pay off all of its debts.
FNM has a worse Debt to FCF ratio (20.19) than 62.50% of its industry peers.
A Debt/Equity ratio of 2.24 is on the high side and indicates that FNM has dependencies on debt financing.
FNM has a Debt to Equity ratio of 2.24. This is amonst the worse of the industry: FNM underperforms 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.59
WACC3.86%
2.3 Liquidity
FNM has a Current 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.
Looking at the Current ratio, with a value of 1.03, FNM is in line with its industry, outperforming 43.75% of the companies in the same industry.
FNM has a Quick Ratio of 1.01. This is a normal value and indicates that FNM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FNM (1.01) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The earnings per share for FNM have decreased by -5.79% in the last year.
FNM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.40% yearly.
The Revenue has grown by 21.31% in the past year. This is a very strong growth!
The Revenue has been growing by 23.33% on average over the past years. This is a very strong growth!
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 -3.35% on average over the next years.
FNM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.25% yearly.
EPS Next Y-28%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
EPS Next 5YN/A
Revenue Next Year7.94%
Revenue Next 2Y6.77%
Revenue Next 3Y6.43%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 1.99 indicates a rather cheap valuation of FNM.
Based on the Price/Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.31, FNM is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.24, the valuation of FNM can be described as very cheap.
Based on the Price/Forward Earnings ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.59. FNM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.99 | ||
| Fwd PE | 4.24 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than FNM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.82 | ||
| EV/EBITDA | 0.57 |
4.3 Compensation for Growth
The excellent profitability rating of FNM may justify a higher PE ratio.
FNM's earnings are expected to decrease with -3.35% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
5. Dividend
5.1 Amount
FNM has a Yearly Dividend Yield of 3.85%. Purely for dividend investing, there may be better candidates out there.
FNM's Dividend Yield is rather good when compared to the industry average which is at 2.62. 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 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
5.2 History
The dividend of FNM is nicely growing with an annual growth rate of 6.23%!
Dividend Growth(5Y)6.23%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
7.67% of the earnings are spent on dividend by FNM. This is a low number and sustainable payout ratio.
DP7.67%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
BIT:FNM (11/28/2025, 7:00:00 PM)
0.477
0 (-0.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners6.79%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap207.45M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.67 (40.46%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.35%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.99 | ||
| Fwd PE | 4.24 | ||
| P/S | 0.15 | ||
| P/FCF | 3.82 | ||
| P/OCF | 1.34 | ||
| P/B | 0.51 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 0.57 |
EPS(TTM)0.24
EY50.31%
EPS(NY)0.11
Fwd EY23.57%
FCF(TTM)0.12
FCFY26.16%
OCF(TTM)0.36
OCFY74.87%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.14
Graham Number2.25
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC3.86%
ROIC/WACC7.59
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%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
EPS Next 5YN/A
Revenue 1Y (TTM)21.31%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%8.73%
Revenue Next Year7.94%
Revenue Next 2Y6.77%
Revenue Next 3Y6.43%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year130.28%
EBIT Next 3Y42.28%
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 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 for FNM stock?
ChartMill assigns a valuation rating of 8 / 10 to FNM SPA (FNM.MI). This can be considered as Undervalued.
Can you provide the profitability details for FNM SPA?
FNM SPA (FNM.MI) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for FNM stock?
The Price/Earnings (PE) ratio for FNM SPA (FNM.MI) is 1.99 and the Price/Book (PB) ratio is 0.51.
Can you provide the financial health for FNM stock?
The financial health rating of FNM SPA (FNM.MI) is 3 / 10.