FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
Canada - TSX:FNV - CA3518581051 - Common Stock
277.78 CAD
-1.75 (-0.63%)
Taking everything into account, FNV scores 7 out of 10 in our fundamental rating. FNV was compared to 795 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making FNV a very profitable company, without any liquidiy or solvency issues. FNV has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
FNV had positive earnings in the past year.
FNV had a positive operating cash flow in the past year.
Of the past 5 years FNV 4 years were profitable.
In the past 5 years FNV always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FNV (11.18%) is better than 94.21% of its industry peers.
Looking at the Return On Equity, with a value of 11.89%, FNV belongs to the top of the industry, outperforming 92.58% of the companies in the same industry.
FNV's Return On Invested Capital of 9.38% is amongst the best of the industry. FNV outperforms 94.21% of its industry peers.
FNV had an Average Return On Invested Capital over the past 3 years of 8.75%. This is below the industry average of 11.87%.
The last Return On Invested Capital (9.38%) for FNV is above the 3 year average (8.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.18% | ||
| ROE | 11.89% | ||
| ROIC | 9.38% |
ROA(3y)3.84%
ROA(5y)5.83%
ROE(3y)4.01%
ROE(5y)6.04%
ROIC(3y)8.75%
ROIC(5y)8.65%
1.3 Margins
FNV's Profit Margin of 58.82% is amongst the best of the industry. FNV outperforms 98.62% of its industry peers.
FNV's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 67.43%, FNV belongs to the top of the industry, outperforming 99.62% of the companies in the same industry.
In the last couple of years the Operating Margin of FNV has grown nicely.
Looking at the Gross Margin, with a value of 71.16%, FNV belongs to the top of the industry, outperforming 98.36% of the companies in the same industry.
FNV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 67.43% | ||
| PM (TTM) | 58.82% | ||
| GM | 71.16% |
OM growth 3Y1.96%
OM growth 5Y5.98%
PM growth 3Y-4.23%
PM growth 5Y3.99%
GM growth 3Y2.54%
GM growth 5Y5.71%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FNV is still creating some value.
FNV has more shares outstanding than it did 1 year ago.
FNV has more shares outstanding than it did 5 years ago.
FNV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 56.43 indicates that FNV is not in any danger for bankruptcy at the moment.
The Altman-Z score of FNV (56.43) is better than 86.29% of its industry peers.
There is no outstanding debt for FNV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 56.43 |
ROIC/WACC1.01
WACC9.31%
2.3 Liquidity
A Current Ratio of 4.25 indicates that FNV has no problem at all paying its short term obligations.
With a decent Current ratio value of 4.25, FNV is doing good in the industry, outperforming 71.32% of the companies in the same industry.
A Quick Ratio of 4.25 indicates that FNV has no problem at all paying its short term obligations.
FNV's Quick ratio of 4.25 is fine compared to the rest of the industry. FNV outperforms 71.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.25 | ||
| Quick Ratio | 4.25 |
3. Growth
3.1 Past
The earnings per share for FNV have decreased by -8.17% in the last year.
The Earnings Per Share has been growing by 12.36% on average over the past years. This is quite good.
The Revenue has decreased by -8.65% in the past year.
The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)-8.17%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
3.2 Future
Based on estimates for the next years, FNV will show a small growth in Earnings Per Share. The EPS will grow by 5.90% on average per year.
The Revenue is expected to grow by 4.13% on average over the next years.
EPS Next Y53.98%
EPS Next 2Y32.01%
EPS Next 3Y21.71%
EPS Next 5Y5.9%
Revenue Next Year49.14%
Revenue Next 2Y29.47%
Revenue Next 3Y19.28%
Revenue Next 5Y4.13%
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
The Price/Earnings ratio is 61.32, which means the current valuation is very expensive for FNV.
Compared to the rest of the industry, the Price/Earnings ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 87.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, FNV is valued quite expensively.
A Price/Forward Earnings ratio of 35.22 indicates a quite expensive valuation of FNV.
FNV's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 87.04% of the companies in the same industry.
FNV's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.32 | ||
| Fwd PE | 35.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaper than 89.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 33.7 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FNV may justify a higher PE ratio.
FNV's earnings are expected to grow with 21.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.14
PEG (5Y)4.96
EPS Next 2Y32.01%
EPS Next 3Y21.71%
5. Dividend
5.1 Amount
FNV has a yearly dividend return of 0.77%, which is pretty low.
FNV's Dividend Yield is rather good when compared to the industry average which is at 13.72. FNV pays more dividend than 95.60% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
5.2 History
On average, the dividend of FNV grows each year by 11.34%, which is quite nice.
FNV has paid a dividend for at least 10 years, which is a reliable track record.
FNV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.34%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
FNV pays out 33.17% of its income as dividend. This is a sustainable payout ratio.
The dividend of FNV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.17%
EPS Next 2Y32.01%
EPS Next 3Y21.71%
TSX:FNV (9/12/2025, 7:00:00 PM)
277.78
-1.75 (-0.63%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners77.03%
Inst Owner ChangeN/A
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap53.53B
Analysts72.63
Price Target257.49 (-7.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
Yearly Dividend1.74
Dividend Growth(5Y)11.34%
DP33.17%
Div Incr Years16
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.38%
Min EPS beat(2)6.24%
Max EPS beat(2)8.51%
EPS beat(4)3
Avg EPS beat(4)3.43%
Min EPS beat(4)-6.54%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.21%
EPS beat(12)8
Avg EPS beat(12)0.94%
EPS beat(16)10
Avg EPS beat(16)0.61%
Revenue beat(2)1
Avg Revenue beat(2)7%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)17.27%
Revenue beat(4)2
Avg Revenue beat(4)3.31%
Min Revenue beat(4)-4.67%
Max Revenue beat(4)17.27%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)4
Avg Revenue beat(12)-1.29%
Revenue beat(16)4
Avg Revenue beat(16)-1.33%
PT rev (1m)1.12%
PT rev (3m)-1.55%
EPS NQ rev (1m)6.43%
EPS NQ rev (3m)36.42%
EPS NY rev (1m)20.42%
EPS NY rev (3m)20.42%
Revenue NQ rev (1m)-1.5%
Revenue NQ rev (3m)24.53%
Revenue NY rev (1m)4.95%
Revenue NY rev (3m)17.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.32 | ||
| Fwd PE | 35.22 | ||
| P/S | 28.89 | ||
| P/FCF | N/A | ||
| P/OCF | 32.79 | ||
| P/B | 5.84 | ||
| P/tB | 5.84 | ||
| EV/EBITDA | 33.7 |
EPS(TTM)4.53
EY1.63%
EPS(NY)7.89
Fwd EY2.84%
FCF(TTM)-6.75
FCFYN/A
OCF(TTM)8.47
OCFY3.05%
SpS9.61
BVpS47.56
TBVpS47.56
PEG (NY)1.14
PEG (5Y)4.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.18% | ||
| ROE | 11.89% | ||
| ROCE | 12.97% | ||
| ROIC | 9.38% | ||
| ROICexc | 9.6% | ||
| ROICexgc | 9.6% | ||
| OM | 67.43% | ||
| PM (TTM) | 58.82% | ||
| GM | 71.16% | ||
| FCFM | N/A |
ROA(3y)3.84%
ROA(5y)5.83%
ROE(3y)4.01%
ROE(5y)6.04%
ROIC(3y)8.75%
ROIC(5y)8.65%
ROICexc(3y)11.19%
ROICexc(5y)10.45%
ROICexgc(3y)11.19%
ROICexgc(5y)10.45%
ROCE(3y)12.11%
ROCE(5y)11.97%
ROICexcg growth 3Y2.02%
ROICexcg growth 5Y13.31%
ROICexc growth 3Y2.02%
ROICexc growth 5Y13.31%
OM growth 3Y1.96%
OM growth 5Y5.98%
PM growth 3Y-4.23%
PM growth 5Y3.99%
GM growth 3Y2.54%
GM growth 5Y5.71%
F-Score7
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 857.02% | ||
| Cap/Sales | 158.37% | ||
| Interest Coverage | 359.96 | ||
| Cash Conversion | 102.56% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.25 | ||
| Quick Ratio | 4.25 | ||
| Altman-Z | 56.43 |
F-Score7
WACC9.31%
ROIC/WACC1.01
Cap/Depr(3y)140.51%
Cap/Depr(5y)161.01%
Cap/Sales(3y)30.06%
Cap/Sales(5y)35.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.17%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
EPS Next Y53.98%
EPS Next 2Y32.01%
EPS Next 3Y21.71%
EPS Next 5Y5.9%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year49.14%
Revenue Next 2Y29.47%
Revenue Next 3Y19.28%
Revenue Next 5Y4.13%
EBIT growth 1Y29.43%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year76.62%
EBIT Next 3Y28.2%
EBIT Next 5Y11.79%
FCF growth 1Y-260.66%
FCF growth 3Y29.32%
FCF growth 5Y19.56%
OCF growth 1Y19.58%
OCF growth 3Y-4.6%
OCF growth 5Y6.07%