FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation

TSX:FNV • CA3518581051

358.28 CAD
-21.42 (-5.64%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This FNV.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Overall FNV gets a fundamental rating of 7 out of 10. We evaluated FNV against 816 industry peers in the Metals & Mining industry. FNV gets an excellent profitability rating and is at the same time showing great financial health properties. FNV is not valued too expensively and it also shows a decent growth rate. FNV also has an excellent dividend rating. This makes FNV very considerable for dividend and quality investing!


Dividend Valuation Growth Profitability Health

9

1. FNV.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FNV was profitable.
  • In the past year FNV had a positive cash flow from operations.
  • FNV had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years FNV had a positive operating cash flow.
FNV.CA Yearly Net Income VS EBIT VS OCF VS FCFFNV.CA 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 500M -500M

1.2 Ratios

  • FNV has a better Return On Assets (12.24%) than 93.75% of its industry peers.
  • FNV's Return On Equity of 13.14% is amongst the best of the industry. FNV outperforms 91.42% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.39%, FNV belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FNV is below the industry average of 12.59%.
  • The 3 year average ROIC (8.75%) for FNV is below the current ROIC(10.39%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.24%
ROE 13.14%
ROIC 10.39%
ROA(3y)3.84%
ROA(5y)5.83%
ROE(3y)4.01%
ROE(5y)6.04%
ROIC(3y)8.75%
ROIC(5y)8.65%
FNV.CA Yearly ROA, ROE, ROICFNV.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • The Profit Margin of FNV (59.48%) is better than 98.90% of its industry peers.
  • In the last couple of years the Profit Margin of FNV has grown nicely.
  • FNV has a Operating Margin of 68.77%. This is amongst the best in the industry. FNV outperforms 99.63% of its industry peers.
  • FNV's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FNV (72.00%) is better than 98.16% of its industry peers.
  • In the last couple of years the Gross Margin of FNV has grown nicely.
Industry RankSector Rank
OM 68.77%
PM (TTM) 59.48%
GM 72%
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%
FNV.CA Yearly Profit, Operating, Gross MarginsFNV.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. FNV.CA Health Analysis

2.1 Basic Checks

  • FNV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for FNV has been increased compared to 1 year ago.
  • The number of shares outstanding for FNV has been increased compared to 5 years ago.
  • 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.
FNV.CA Yearly Shares OutstandingFNV.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
FNV.CA Yearly Total Debt VS Total AssetsFNV.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • FNV has an Altman-Z score of 59.45. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of FNV (59.45) is better than 81.99% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 59.45
ROIC/WACC1.03
WACC10.06%
FNV.CA Yearly LT Debt VS Equity VS FCFFNV.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 4.64 indicates that FNV has no problem at all paying its short term obligations.
  • FNV's Current ratio of 4.64 is fine compared to the rest of the industry. FNV outperforms 70.59% of its industry peers.
  • FNV has a Quick Ratio of 4.55. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
  • FNV's Quick ratio of 4.55 is fine compared to the rest of the industry. FNV outperforms 70.71% of its industry peers.
Industry RankSector Rank
Current Ratio 4.64
Quick Ratio 4.55
FNV.CA Yearly Current Assets VS Current LiabilitesFNV.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. FNV.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 43.87% over the past 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)43.87%
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

  • The Earnings Per Share is expected to grow by 21.31% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 18.31% on average over the next years. This is quite good.
EPS Next Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y21.31%
Revenue Next Year59.87%
Revenue Next 2Y47.93%
Revenue Next 3Y32.96%
Revenue Next 5Y18.31%

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 accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FNV.CA Yearly Revenue VS EstimatesFNV.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B 2.5B
FNV.CA Yearly EPS VS EstimatesFNV.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

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5

4. FNV.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 55.81 indicates a quite expensive valuation of FNV.
  • 87.38% of the companies in the same industry are more expensive than FNV, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (27.03), we can say FNV is valued expensively.
  • FNV is valuated quite expensively with a Price/Forward Earnings ratio of 35.59.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FNV indicates a rather cheap valuation: FNV is cheaper than 87.99% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.11, FNV is valued a bit more expensive.
Industry RankSector Rank
PE 55.81
Fwd PE 35.59
FNV.CA Price Earnings VS Forward Price EarningsFNV.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 90.32% of the companies in the same industry are more expensive than FNV, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 37.41
FNV.CA Per share dataFNV.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

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.
  • The excellent profitability rating of FNV may justify a higher PE ratio.
  • FNV's earnings are expected to grow with 37.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.85
PEG (5Y)4.51
EPS Next 2Y50.2%
EPS Next 3Y37.56%

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

7

5. FNV.CA Dividend Analysis

5.1 Amount

  • FNV has a yearly dividend return of 0.56%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.38, FNV pays a better dividend. On top of this FNV pays more dividend than 96.08% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, FNV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.56%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.34%
Div Incr Years16
Div Non Decr Years16
FNV.CA Yearly Dividends per shareFNV.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • FNV pays out 28.98% of its income as dividend. This is a sustainable payout ratio.
  • FNV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.98%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
FNV.CA Yearly Income VS Free CF VS DividendFNV.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M
FNV.CA Dividend Payout.FNV.CA Dividend Payout, showing the Payout Ratio.FNV.CA Dividend Payout.PayoutRetained Earnings

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FNV.CA Fundamentals: All Metrics, Ratios and Statistics

FRANCO-NEVADA CORP

TSX:FNV (3/3/2026, 7:00:00 PM)

358.28

-21.42 (-5.64%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-03
Earnings (Next)03-09
Inst Owners81.4%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap69.07B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74.74
Price Target355.5 (-0.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.56%
Yearly Dividend1.72
Dividend Growth(5Y)11.34%
DP28.98%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-12
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.39%
Min EPS beat(2)4.26%
Max EPS beat(2)8.51%
EPS beat(4)4
Avg EPS beat(4)6.13%
Min EPS beat(4)4.26%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.53%
EPS beat(12)9
Avg EPS beat(12)1.71%
EPS beat(16)10
Avg EPS beat(16)0.8%
Revenue beat(2)1
Avg Revenue beat(2)2.96%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)9.2%
Revenue beat(4)3
Avg Revenue beat(4)6.78%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)17.27%
Revenue beat(8)4
Avg Revenue beat(8)1.44%
Revenue beat(12)5
Avg Revenue beat(12)0.16%
Revenue beat(16)5
Avg Revenue beat(16)-0.59%
PT rev (1m)13.57%
PT rev (3m)16.39%
EPS NQ rev (1m)5.14%
EPS NQ rev (3m)9.92%
EPS NY rev (1m)0%
EPS NY rev (3m)5.79%
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)4.01%
Revenue NY rev (1m)1.2%
Revenue NY rev (3m)7.91%
Valuation
Industry RankSector Rank
PE 55.81
Fwd PE 35.59
P/S 32.64
P/FCF N/A
P/OCF 38.52
P/B 7.21
P/tB 7.21
EV/EBITDA 37.41
EPS(TTM)6.42
EY1.79%
EPS(NY)10.07
Fwd EY2.81%
FCF(TTM)-6.08
FCFYN/A
OCF(TTM)9.3
OCFY2.6%
SpS10.98
BVpS49.69
TBVpS49.69
PEG (NY)0.85
PEG (5Y)4.51
Graham Number84.72
Profitability
Industry RankSector Rank
ROA 12.24%
ROE 13.14%
ROCE 14.37%
ROIC 10.39%
ROICexc 10.73%
ROICexgc 10.73%
OM 68.77%
PM (TTM) 59.48%
GM 72%
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%
ROICexgc growth 3Y2.02%
ROICexgc 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 Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 775.41%
Cap/Sales 140.09%
Interest Coverage 332.34
Cash Conversion 97.57%
Profit Quality N/A
Current Ratio 4.64
Quick Ratio 4.55
Altman-Z 59.45
F-Score7
WACC10.06%
ROIC/WACC1.03
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)43.87%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
EPS Next Y65.48%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
EPS Next 5Y21.31%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year59.87%
Revenue Next 2Y47.93%
Revenue Next 3Y32.96%
Revenue Next 5Y18.31%
EBIT growth 1Y54.6%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year116.61%
EBIT Next 3Y45.52%
EBIT Next 5Y25.03%
FCF growth 1Y-301.48%
FCF growth 3Y29.32%
FCF growth 5Y19.56%
OCF growth 1Y32.75%
OCF growth 3Y-4.6%
OCF growth 5Y6.07%

FRANCO-NEVADA CORP / FNV.CA FAQ

Can you provide the ChartMill fundamental rating for FRANCO-NEVADA CORP?

ChartMill assigns a fundamental rating of 7 / 10 to FNV.CA.


Can you provide the valuation status for FRANCO-NEVADA CORP?

ChartMill assigns a valuation rating of 5 / 10 to FRANCO-NEVADA CORP (FNV.CA). This can be considered as Fairly Valued.


What is the profitability of FNV stock?

FRANCO-NEVADA CORP (FNV.CA) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for FNV stock?

The Price/Earnings (PE) ratio for FRANCO-NEVADA CORP (FNV.CA) is 55.81 and the Price/Book (PB) ratio is 7.21.


How sustainable is the dividend of FRANCO-NEVADA CORP (FNV.CA) stock?

The dividend rating of FRANCO-NEVADA CORP (FNV.CA) is 7 / 10 and the dividend payout ratio is 28.98%.