FNM SPA (FNM.MI) Stock Fundamental Analysis
BIT:FNM - Euronext Milan - IT0000060886 - Common Stock - Currency: EUR
Taking everything into account, FNM scores 7 out of 10 in our fundamental rating. 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 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
Looking at the Return On Assets, with a value of 4.98%, FNM belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
FNM has a better Return On Equity (31.67%) than 83.33% of its industry peers.
FNM has a better Return On Invested Capital (22.83%) than 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 6.88%.
The last Return On Invested Capital (22.83%) for FNM is above the 3 year average (12.09%), which is a sign of increasing profitability.
| 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 75.00% of the companies in the same industry.
In the last couple of years the Profit Margin of FNM has grown nicely.
With an excellent Operating Margin value of 37.84%, 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 Operating Margin of FNM has grown nicely.
The Gross Margin of FNM (96.07%) is better than 100.00% of its industry peers.
FNM's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so FNM is creating value.
Compared to 1 year ago, FNM has about the same amount of shares outstanding.
The number of shares outstanding for FNM remains at a similar level compared to 5 years ago.
The debt/assets ratio for FNM has been reduced compared to a year ago.
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.
Looking at the Altman-Z score, with a value of 1.32, FNM is in line with its industry, outperforming 41.67% of the companies in the same industry.
The Debt to FCF ratio of FNM is 8.16, which is on the high side as it means it would take FNM, 8.16 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 8.16, FNM perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
A Debt/Equity ratio of 2.65 is on the high side and indicates that FNM has dependencies on debt financing.
FNM has a worse Debt to Equity ratio (2.65) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.65 | ||
| Debt/FCF | 8.16 | ||
| Altman-Z | 1.32 |
ROIC/WACC6.79
WACC3.36%
2.3 Liquidity
FNM has a Current Ratio of 1.05. 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 Current ratio value of 1.05, FNM perfoms like the industry average, outperforming 58.33% 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.
The Quick ratio of FNM (1.03) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
FNM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.49%.
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.
Looking at the last year, FNM shows a quite strong growth in Revenue. The Revenue has grown by 16.82% in the last year.
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
The Earnings Per Share is expected to grow by 10.27% on average over the next years. This is quite good.
FNM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.54% yearly.
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 5Y4.54%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
Based on the Price/Earnings ratio of 1.57, the valuation of FNM can be described as very cheap.
Based on the Price/Earnings ratio, FNM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
FNM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.50.
A Price/Forward Earnings ratio of 3.24 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/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, FNM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.57 | ||
| Fwd PE | 3.24 |
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.
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 | 1.3 | ||
| EV/EBITDA | 0.47 |
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.
FNM's earnings are expected to decrease with -7.85% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.03
PEG (5Y)0.07
EPS Next 2Y4.26%
EPS Next 3Y-7.85%
5. Dividend
5.1 Amount
FNM has a Yearly Dividend Yield of 4.59%, which is a nice return.
FNM's Dividend Yield is rather good when compared to the industry average which is at 2.78. FNM pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, FNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.59% |
5.2 History
On average, the dividend of FNM grows each year by 10.44%, which is quite nice.
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 (7/18/2025, 7:00:00 PM)
0.409
+0 (+0.49%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners7.23%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap177.87M
Analysts80
Price Target0.64 (56.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.59% |
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)-2.58%
PT rev (3m)-7.35%
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 | 1.57 | ||
| Fwd PE | 3.24 | ||
| P/S | 0.15 | ||
| P/FCF | 1.3 | ||
| P/OCF | 0.89 | ||
| P/B | 0.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.47 |
EPS(TTM)0.26
EY63.57%
EPS(NY)0.13
Fwd EY30.87%
FCF(TTM)0.32
FCFY77.08%
OCF(TTM)0.46
OCFY111.94%
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
WACC3.36%
ROIC/WACC6.79
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 5Y4.54%
EBIT growth 1Y44.76%
EBIT growth 3Y58.8%
EBIT growth 5Y37.75%
EBIT Next Year143.63%
EBIT Next 3Y42.4%
EBIT Next 5Y26.53%
FCF growth 1Y34.82%
FCF growth 3YN/A
FCF growth 5Y14.51%
OCF growth 1Y8.54%
OCF growth 3Y190.65%
OCF growth 5Y12.25%