FNM SPA (FNM.MI) Fundamental Analysis & Valuation

BIT:FNM • IT0000060886

Current stock price

0.504 EUR
0 (-0.79%)
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.
  • In the past year FNM had a positive cash flow from operations.
  • In the past 5 years FNM has always been profitable.
  • FNM had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of 4.48%, FNM is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • FNM has a better Return On Equity (24.01%) than 71.43% of its industry peers.
  • With an excellent Return On Invested Capital value of 26.98%, FNM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • FNM had an Average Return On Invested Capital over the past 3 years of 15.22%. This is significantly above the industry average of 8.47%.
  • The last Return On Invested Capital (26.98%) for FNM is above the 3 year average (15.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.48%
ROE 24.01%
ROIC 26.98%
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

  • FNM has a better Profit Margin (7.50%) than 64.29% of its industry peers.
  • FNM's Profit Margin has declined in the last couple of years.
  • FNM has a Operating Margin of 41.27%. This is amongst the best in the industry. FNM outperforms 100.00% of its industry peers.
  • FNM's Operating Margin has improved in the last couple of years.
  • FNM has a Gross Margin of 96.22%. This is amongst the best in the industry. FNM outperforms 100.00% of its industry peers.
  • FNM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 41.27%
PM (TTM) 7.5%
GM 96.22%
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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4

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.
  • 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.
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 1.65. This is a bad value and indicates that FNM is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.65, FNM perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • The Debt to FCF ratio of FNM is 34.09, which is on the high side as it means it would take FNM, 34.09 years of fcf income to pay off all of its debts.
  • FNM has a better Debt to FCF ratio (34.09) than 64.29% of its industry peers.
  • FNM has a Debt/Equity ratio of 2.31. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 2.31, FNM is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.31
Debt/FCF 34.1
Altman-Z 1.65
ROIC/WACC6.81
WACC3.96%
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

  • FNM has a Current Ratio of 1.09. 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 1.09, FNM is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • FNM has a Quick Ratio of 1.07. 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 Quick ratio, with a value of 1.07, FNM is in line with its industry, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.07
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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4

3. FNM.MI Growth Analysis

3.1 Past

  • FNM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.64%.
  • The Earnings Per Share has been growing by 14.40% on average over the past years. This is quite good.
  • The Revenue has grown by 15.29% in the past year. This is quite good.
  • The Revenue has been growing by 23.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-8.64%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%-11.49%
Revenue 1Y (TTM)15.29%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%-1.76%

3.2 Future

  • FNM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.22% 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-6.51%
EPS Next 5Y-2.22%
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 2028 0.05 0.1 0.15

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8

4. FNM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 2.10, the valuation of FNM can be described as very cheap.
  • 100.00% of the companies in the same industry are more expensive than FNM, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.77, FNM is valued rather cheaply.
  • FNM is valuated cheaply with a Price/Forward Earnings ratio of 4.34.
  • FNM's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNM is cheaper than 100.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.75. FNM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2.1
Fwd PE 4.34
FNM.MI Price Earnings VS Forward Price EarningsFNM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FNM is valued cheaper than 100.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, FNM is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.87
EV/EBITDA 1.12
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

  • The excellent profitability rating of FNM may justify a higher PE ratio.
  • FNM's earnings are expected to decrease with -6.51% 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-6.51%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. FNM.MI Dividend Analysis

5.1 Amount

  • FNM has a Yearly Dividend Yield of 4.35%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.86, FNM pays a bit more dividend than its industry peers.
  • FNM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.35%

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 7.93% of its income as dividend. This is a sustainable payout ratio.
DP7.93%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
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 (4/30/2026, 4:11:48 PM)

0.504

0 (-0.79%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Industry Strength72.97
Industry Growth62.67
Earnings (Last)02-05
Earnings (Next)05-12
Inst Owners6.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap219.19M
Revenue(TTM)1.37B
Net Income(TTM)102.66M
Analysts80
Price Target0.7 (38.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend0.02
Dividend Growth(5Y)6.23%
DP7.93%
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 2.1
Fwd PE 4.34
P/S 0.16
P/FCF 6.87
P/OCF 1.66
P/B 0.51
P/tB 1.74
EV/EBITDA 1.12
EPS(TTM)0.24
EY47.62%
EPS(NY)0.12
Fwd EY23.05%
FCF(TTM)0.07
FCFY14.55%
OCF(TTM)0.3
OCFY60.06%
SpS3.15
BVpS0.98
TBVpS0.29
PEG (NY)N/A
PEG (5Y)0.15
Graham Number2.30423 (357.19%)
Profitability
Industry RankSector Rank
ROA 4.48%
ROE 24.01%
ROCE 40.5%
ROIC 26.98%
ROICexc 34.86%
ROICexgc 46.39%
OM 41.27%
PM (TTM) 7.5%
GM 96.22%
FCFM 2.33%
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-Score7
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 2.31
Debt/FCF 34.1
Debt/EBITDA 1.41
Cap/Depr 73.88%
Cap/Sales 7.29%
Interest Coverage 15.44
Cash Conversion 18.8%
Profit Quality 31.06%
Current Ratio 1.09
Quick Ratio 1.07
Altman-Z 1.65
F-Score7
WACC3.96%
ROIC/WACC6.81
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)-8.64%
EPS 3Y13.21%
EPS 5Y14.4%
EPS Q2Q%-11.49%
EPS Next Y-28.76%
EPS Next 2Y-18.94%
EPS Next 3Y-6.51%
EPS Next 5Y-2.22%
Revenue 1Y (TTM)15.29%
Revenue growth 3Y15.74%
Revenue growth 5Y23.33%
Sales Q2Q%-1.76%
Revenue Next Year7.64%
Revenue Next 2Y6.47%
Revenue Next 3Y6.08%
Revenue Next 5Y5.25%
EBIT growth 1Y25.75%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year136.9%
EBIT Next 3Y41.85%
EBIT Next 5Y25.31%
FCF growth 1Y-70.53%
FCF growth 3Y1.34%
FCF growth 5Y22.79%
OCF growth 1Y-16.62%
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 2.1 and the Price/Book (PB) ratio is 0.51.


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.