FNM SPA (FNM.MI) Stock Fundamental Analysis
BIT:FNM - IT0000060886 - Common Stock
0.466 EUR
-0.02 (-4.31%)
Overall FNM gets a fundamental rating of 6 out of 10. We evaluated FNM against 11 industry peers in the Ground Transportation industry. While FNM has a great profitability rating, there are quite some concerns on its financial health. FNM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally FNM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
FNM had positive earnings in the past year.
In the past year FNM had a positive cash flow from operations.
Each year in the past 5 years FNM has been profitable.
FNM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FNM's Return On Assets of 4.55% is amongst the best of the industry. FNM outperforms 81.82% of its industry peers.
Looking at the Return On Equity, with a value of 26.06%, FNM belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
The Return On Invested Capital of FNM (29.28%) is better 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 8.43%.
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
FNM has a better Profit Margin (7.73%) than 72.73% of its industry peers.
FNM's Profit Margin has declined in the last couple of years.
FNM has a better Operating Margin (42.04%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of FNM has grown nicely.
FNM's Gross Margin of 96.15% is amongst the best of the industry. FNM outperforms 100.00% of its industry peers.
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.
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.
FNM has a worse debt/assets ratio than last year.
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 has a Altman-Z score (1.59) which is in line with its industry peers.
FNM has a debt to FCF ratio of 20.19. This is a negative value and a sign of low solvency as FNM would need 20.19 years to pay back of all of its debts.
FNM has a Debt to FCF ratio (20.19) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.24 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 2.24, FNM is doing worse than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 1.59 |
ROIC/WACC7.65
WACC3.83%
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.
The Current ratio of FNM (1.03) is comparable to the rest of the 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
FNM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.79%.
FNM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.40% yearly.
Looking at the last year, FNM shows a very strong growth in Revenue. The Revenue has grown by 21.31%.
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
Based on estimates for the next years, FNM will show a decrease in Earnings Per Share. The EPS will decrease by -3.35% on average per year.
The Revenue is expected to grow by 5.25% on average over the next years.
EPS Next Y-28%
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
EPS Next 5YN/A
Revenue Next Year7.96%
Revenue Next 2Y6.77%
Revenue Next 3Y7.13%
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.
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
Based on the Price/Earnings ratio of 1.94, the valuation of FNM can be described as very cheap.
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.
When comparing the Price/Earnings ratio of FNM to the average of the S&P500 Index (26.90), we can say FNM is valued rather cheaply.
The Price/Forward Earnings ratio is 4.14, which 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.
FNM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.94 | ||
| Fwd PE | 4.14 |
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 90.91% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.73 | ||
| EV/EBITDA | 0.58 |
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)0.13
EPS Next 2Y-20.24%
EPS Next 3Y-3.35%
5. Dividend
5.1 Amount
FNM has a Yearly Dividend Yield of 3.58%.
Compared to an average industry Dividend Yield of 2.74, FNM pays a better dividend. On top of this FNM pays more dividend than 90.91% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, FNM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
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 (9/2/2025, 5:29:47 PM)
0.466
-0.02 (-4.31%)
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 Cap202.66M
Analysts80
Price Target0.67 (43.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
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)4.24%
PT rev (3m)-1.99%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.8%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.94 | ||
| Fwd PE | 4.14 | ||
| P/S | 0.15 | ||
| P/FCF | 3.73 | ||
| P/OCF | 1.3 | ||
| P/B | 0.5 | ||
| P/tB | 2.31 | ||
| EV/EBITDA | 0.58 |
EPS(TTM)0.24
EY51.5%
EPS(NY)0.11
Fwd EY24.13%
FCF(TTM)0.12
FCFY26.78%
OCF(TTM)0.36
OCFY76.64%
SpS3.16
BVpS0.94
TBVpS0.2
PEG (NY)N/A
PEG (5Y)0.13
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%
ROICexcg growth 3Y48.18%
ROICexcg 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
WACC3.83%
ROIC/WACC7.65
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 Year7.96%
Revenue Next 2Y6.77%
Revenue Next 3Y7.13%
Revenue Next 5Y5.25%
EBIT growth 1Y41.4%
EBIT growth 3Y27.77%
EBIT growth 5Y40.5%
EBIT Next Year137.64%
EBIT Next 3Y42.25%
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%