FRANCO-NEVADA CORP (FNV.CA) Stock Fundamental Analysis
Canada - TSX:FNV - CA3518581051 - Common Stock
307.32 CAD
+3.9 (+1.29%)
Taking everything into account, FNV scores 7 out of 10 in our fundamental rating. FNV was compared to 822 industry peers in the Metals & Mining industry. FNV scores excellent points on both the profitability and health parts. This is a solid base for a good stock. FNV has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year FNV was profitable.
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
FNV has a Return On Assets of 11.18%. This is amongst the best in the industry. FNV outperforms 93.31% of its industry peers.
FNV has a Return On Equity of 11.89%. This is amongst the best in the industry. FNV outperforms 92.46% of its industry peers.
FNV has a Return On Invested Capital of 9.38%. This is amongst the best in the industry. FNV outperforms 94.40% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FNV is below the industry average of 12.13%.
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 has a Profit Margin of 58.82%. This is amongst the best in the industry. FNV outperforms 98.91% 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 99.76% 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 98.42% of the companies in the same industry.
In the last couple of years the Gross Margin of FNV has grown nicely.
| 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.
Compared to 1 year ago, FNV has more shares outstanding
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 61.60 indicates that FNV is not in any danger for bankruptcy at the moment.
FNV's Altman-Z score of 61.60 is amongst the best of the industry. FNV outperforms 85.77% of its industry peers.
FNV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 61.6 |
ROIC/WACC1.09
WACC8.6%
2.3 Liquidity
FNV has a Current Ratio of 4.25. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.25, FNV is in the better half of the industry, outperforming 69.71% 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 70.32% 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.
Looking at the last year, FNV shows a decrease in Revenue. The Revenue has decreased by -8.65% in the last year.
FNV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.70% yearly.
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
FNV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.90% yearly.
The Revenue is expected to grow by 4.13% on average over the next years.
EPS Next Y53.98%
EPS Next 2Y31.96%
EPS Next 3Y21.71%
EPS Next 5Y5.9%
Revenue Next Year46.53%
Revenue Next 2Y31.65%
Revenue Next 3Y19.91%
Revenue Next 5Y4.13%
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.
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 67.54 indicates a quite expensive valuation of FNV.
Based on the Price/Earnings ratio, FNV is valued cheaply inside the industry as 87.23% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (27.86), we can say FNV is valued expensively.
Based on the Price/Forward Earnings ratio of 38.76, the valuation of FNV can be described as expensive.
FNV's Price/Forward Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 87.23% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (23.32), we can say FNV is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.54 | ||
| Fwd PE | 38.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 89.54% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 36.85 |
4.3 Compensation for Growth
FNV's 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)1.25
PEG (5Y)5.46
EPS Next 2Y31.96%
EPS Next 3Y21.71%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, FNV is not a good candidate for dividend investing.
FNV's Dividend Yield is rather good when compared to the industry average which is at 9.53. FNV pays more dividend than 95.99% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
The dividend of FNV is nicely growing with an annual growth rate of 11.34%!
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.
FNV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.17%
EPS Next 2Y31.96%
EPS Next 3Y21.71%
TSX:FNV (10/3/2025, 7:00:00 PM)
307.32
+3.9 (+1.29%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners83.36%
Inst Owner ChangeN/A
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap59.22B
Analysts73.33
Price Target263.42 (-14.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend1.76
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)1.64%
PT rev (3m)0.13%
EPS NQ rev (1m)1.27%
EPS NQ rev (3m)17.27%
EPS NY rev (1m)0%
EPS NY rev (3m)20.42%
Revenue NQ rev (1m)4.61%
Revenue NQ rev (3m)3.04%
Revenue NY rev (1m)-1.75%
Revenue NY rev (3m)15.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 67.54 | ||
| Fwd PE | 38.76 | ||
| P/S | 31.78 | ||
| P/FCF | N/A | ||
| P/OCF | 36.06 | ||
| P/B | 6.42 | ||
| P/tB | 6.42 | ||
| EV/EBITDA | 36.85 |
EPS(TTM)4.55
EY1.48%
EPS(NY)7.93
Fwd EY2.58%
FCF(TTM)-6.79
FCFYN/A
OCF(TTM)8.52
OCFY2.77%
SpS9.67
BVpS47.85
TBVpS47.85
PEG (NY)1.25
PEG (5Y)5.46
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 | 61.6 |
F-Score7
WACC8.6%
ROIC/WACC1.09
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 2Y31.96%
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 Year46.53%
Revenue Next 2Y31.65%
Revenue Next 3Y19.91%
Revenue Next 5Y4.13%
EBIT growth 1Y29.43%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year97.72%
EBIT Next 3Y31.86%
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%