FNM SPA (FNM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
0.517 EUR
0 (-0.39%)
Overall FNM gets a fundamental rating of 6 out of 10. We evaluated FNM against 15 industry peers in the Ground Transportation industry. FNM scores excellent on profitability, but there are concerns on its financial health. FNM may be a bit undervalued, certainly considering the very reasonable score on growth Finally FNM also has an excellent dividend rating.
1. Profitability
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.
1.2 Ratios
- FNM's Return On Assets of 4.55% is in line compared to the rest of the industry. FNM outperforms 60.00% 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 66.67% of the companies in the same industry.
- FNM's Return On Invested Capital of 29.28% is amongst the best of the industry. FNM outperforms 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FNM is significantly above the industry average of 9.25%.
- The 3 year average ROIC (15.22%) for FNM is below the current ROIC(29.28%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 7.73%, FNM is in line with its industry, outperforming 53.33% of the companies in the same industry.
- FNM's Profit Margin has declined in the last couple of years.
- FNM's Operating Margin of 42.04% is amongst the best of the industry. FNM outperforms 100.00% of its industry peers.
- FNM's Operating Margin has improved in the last couple of years.
- With an excellent Gross Margin value of 96.15%, FNM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- 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 | 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.
- Compared to 1 year ago, FNM has about the same amount of shares outstanding.
- Compared to 5 years ago, FNM has about the same amount of shares outstanding.
- The debt/assets ratio for FNM is higher compared to a year ago.
2.2 Solvency
- FNM has an Altman-Z score of 1.60. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
- FNM has a Altman-Z score of 1.60. This is in the lower half of the industry: FNM underperforms 73.33% 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 66.67% 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.
- With a Debt to Equity ratio value of 2.24, FNM is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.6 |
ROIC/WACC7.27
WACC4.03%
2.3 Liquidity
- A Current Ratio of 1.03 indicates that FNM should not have too much problems paying its short term obligations.
- FNM's Current ratio of 1.03 is in line compared to the rest of the industry. FNM outperforms 53.33% of its industry peers.
- A Quick Ratio of 1.01 indicates that FNM should not have too much problems paying its short term obligations.
- FNM's Quick ratio of 1.01 is in line compared to the rest of the industry. FNM outperforms 60.00% of its industry peers.
| 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!
- 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
- FNM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.34% yearly.
- 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 Year7.61%
Revenue Next 2Y6.46%
Revenue Next 3Y6.22%
Revenue Next 5Y5.25%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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 2.15 indicates a rather cheap valuation of FNM.
- 100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Earnings ratio.
- FNM is valuated cheaply when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 4.45 indicates a rather cheap valuation of FNM.
- Based on the Price/Forward Earnings ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
- FNM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.15 | ||
| Fwd PE | 4.45 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.14 | ||
| EV/EBITDA | 0.6 |
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%
5. Dividend
5.1 Amount
- FNM has a Yearly Dividend Yield of 3.64%. 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 1.63. FNM pays more dividend than 86.67% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.91, FNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
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
- 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%
BIT:FNM (1/15/2026, 12:31:45 PM)
0.517
0 (-0.39%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)11-14 2025-11-14
Earnings (Next)03-23 2026-03-23/amc
Inst Owners6.83%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap224.84M
Revenue(TTM)1.37B
Net Income(TTM)106.17M
Analysts80
Price Target0.71 (37.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
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)6.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.47%
EPS NY rev (3m)-10.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.15 | ||
| Fwd PE | 4.45 | ||
| P/S | 0.16 | ||
| P/FCF | 4.14 | ||
| P/OCF | 1.45 | ||
| P/B | 0.55 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 0.6 |
EPS(TTM)0.24
EY46.42%
EPS(NY)0.12
Fwd EY22.47%
FCF(TTM)0.12
FCFY24.14%
OCF(TTM)0.36
OCFY69.08%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.15
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 | 1.6 |
F-Score6
WACC4.03%
ROIC/WACC7.27
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 Year7.61%
Revenue Next 2Y6.46%
Revenue Next 3Y6.22%
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 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.
Can you provide the profitability details for FNM SPA?
FNM SPA (FNM.MI) has a profitability rating of 8 / 10.
What is the financial health of FNM SPA (FNM.MI) stock?
The financial health rating of FNM SPA (FNM.MI) is 3 / 10.
Can you provide the dividend sustainability for FNM stock?
The dividend rating of FNM SPA (FNM.MI) is 7 / 10 and the dividend payout ratio is 7.67%.