FRANCO-NEVADA CORP (FNV.CA) Fundamental Analysis & Valuation
TSX:FNV • CA3518581051
Current stock price
337.95 CAD
-0.59 (-0.17%)
Last:
This FNV.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FNV.CA Profitability Analysis
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.
- Each year in the past 5 years FNV had a positive operating cash flow.
1.2 Ratios
- FNV's Return On Assets of 13.49% is amongst the best of the industry. FNV outperforms 94.51% of its industry peers.
- FNV's Return On Equity of 14.57% is amongst the best of the industry. FNV outperforms 92.38% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 12.08%, FNV belongs to the top of the industry, outperforming 94.51% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for FNV is below the industry average of 13.29%.
- The last Return On Invested Capital (12.08%) for FNV is above the 3 year average (10.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.49% | ||
| ROE | 14.57% | ||
| ROIC | 12.08% |
ROA(3y)4.81%
ROA(5y)7.36%
ROE(3y)5.23%
ROE(5y)7.76%
ROIC(3y)10.02%
ROIC(5y)9.83%
1.3 Margins
- FNV has a Profit Margin of 61.01%. This is amongst the best in the industry. FNV outperforms 99.00% of its industry peers.
- In the last couple of years the Profit Margin of FNV has grown nicely.
- With an excellent Operating Margin value of 71.37%, FNV belongs to the best of the industry, outperforming 99.75% of the companies in the same industry.
- FNV's Operating Margin has improved in the last couple of years.
- FNV's Gross Margin of 73.91% is amongst the best of the industry. FNV outperforms 98.75% of its industry peers.
- FNV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 71.37% | ||
| PM (TTM) | 61.01% | ||
| GM | 73.91% |
OM growth 3Y4.62%
OM growth 5Y4.24%
PM growth 3Y4.64%
PM growth 5Y13.79%
GM growth 3Y4.48%
GM growth 5Y3.98%
2. FNV.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FNV is destroying value.
- The number of shares outstanding for FNV has been reduced compared to 1 year ago.
- Compared to 5 years ago, FNV has more shares outstanding
- 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 48.31 indicates that FNV is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 48.31, FNV belongs to the best of the industry, outperforming 80.27% of the companies in the same industry.
- 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 | 48.31 |
ROIC/WACC0.99
WACC12.22%
2.3 Liquidity
- A Current Ratio of 8.30 indicates that FNV has no problem at all paying its short term obligations.
- With a decent Current ratio value of 8.30, FNV is doing good in the industry, outperforming 78.65% of the companies in the same industry.
- FNV has a Quick Ratio of 7.98. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
- FNV has a better Quick ratio (7.98) than 78.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.3 | ||
| Quick Ratio | 7.98 |
3. FNV.CA Growth Analysis
3.1 Past
- FNV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.47%, which is quite impressive.
- The Earnings Per Share has been growing by 15.58% on average over the past years. This is quite good.
- The Revenue has grown by 63.69% in the past year. This is a very strong growth!
- FNV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.31% yearly.
EPS 1Y (TTM)71.47%
EPS 3Y15.37%
EPS 5Y15.58%
EPS Q2Q%94.74%
Revenue 1Y (TTM)63.69%
Revenue growth 3Y11.48%
Revenue growth 5Y12.31%
Sales Q2Q%86.07%
3.2 Future
- The Earnings Per Share is expected to grow by 8.61% on average over the next years. This is quite good.
- FNV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.67% yearly.
EPS Next Y53.31%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
EPS Next 5Y8.61%
Revenue Next Year58.36%
Revenue Next 2Y36.01%
Revenue Next 3Y15.98%
Revenue Next 5Y9.67%
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.
4. FNV.CA Valuation Analysis
4.1 Price/Earnings Ratio
- FNV is valuated quite expensively with a Price/Earnings ratio of 44.23.
- FNV's Price/Earnings ratio is rather cheap when compared to the industry. FNV is cheaper than 87.77% of the companies in the same industry.
- When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (27.50), we can say FNV is valued expensively.
- The Price/Forward Earnings ratio is 28.86, which means the current valuation is very expensive for FNV.
- Based on the Price/Forward Earnings ratio, FNV is valued cheaply inside the industry as 87.77% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (22.62), we can say FNV is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.23 | ||
| Fwd PE | 28.86 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FNV is valued cheaply inside the industry as 90.01% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 29.24 |
4.3 Compensation for Growth
- FNV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- FNV has an outstanding profitability rating, which may justify a higher PE ratio.
- FNV's earnings are expected to grow with 18.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.83
PEG (5Y)2.84
EPS Next 2Y33.26%
EPS Next 3Y18.65%
5. FNV.CA Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.61%, FNV is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.86, FNV pays a better dividend. On top of this FNV pays more dividend than 95.88% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
5.2 History
- The dividend of FNV is nicely growing with an annual growth rate of 11.84%!
- 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)11.84%
Div Incr Years17
Div Non Decr Years17
5.3 Sustainability
- FNV pays out 24.74% 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.
DP24.74%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
FNV.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FNV (4/22/2026, 7:00:00 PM)
337.95
-0.59 (-0.17%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10 2026-03-10/amc
Earnings (Next)05-06 2026-05-06
Inst Owners82.65%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap65.16B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target390.12 (15.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
Yearly Dividend1.95
Dividend Growth(5Y)11.84%
DP24.74%
Div Incr Years17
Div Non Decr Years17
Ex-Date03-12 2026-03-12 (0.44)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.06%
Min EPS beat(2)4.26%
Max EPS beat(2)9.87%
EPS beat(4)4
Avg EPS beat(4)7.22%
Min EPS beat(4)4.26%
Max EPS beat(4)9.87%
EPS beat(8)6
Avg EPS beat(8)2.96%
EPS beat(12)9
Avg EPS beat(12)2.3%
EPS beat(16)11
Avg EPS beat(16)1.53%
Revenue beat(2)2
Avg Revenue beat(2)8.75%
Min Revenue beat(2)8.3%
Max Revenue beat(2)9.2%
Revenue beat(4)3
Avg Revenue beat(4)7.88%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)17.27%
Revenue beat(8)4
Avg Revenue beat(8)2.36%
Revenue beat(12)5
Avg Revenue beat(12)0.5%
Revenue beat(16)6
Avg Revenue beat(16)-0.04%
PT rev (1m)9.74%
PT rev (3m)24.63%
EPS NQ rev (1m)4.28%
EPS NQ rev (3m)24.89%
EPS NY rev (1m)1.27%
EPS NY rev (3m)19.28%
Revenue NQ rev (1m)7.57%
Revenue NQ rev (3m)25.18%
Revenue NY rev (1m)14.2%
Revenue NY rev (3m)25.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.23 | ||
| Fwd PE | 28.86 | ||
| P/S | 26.16 | ||
| P/FCF | N/A | ||
| P/OCF | 31.92 | ||
| P/B | 6.24 | ||
| P/tB | 6.24 | ||
| EV/EBITDA | 29.24 |
EPS(TTM)7.64
EY2.26%
EPS(NY)11.71
Fwd EY3.47%
FCF(TTM)-4.98
FCFYN/A
OCF(TTM)10.59
OCFY3.13%
SpS12.92
BVpS54.12
TBVpS54.12
PEG (NY)0.83
PEG (5Y)2.84
Graham Number96.4526 (-71.46%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.49% | ||
| ROE | 14.57% | ||
| ROCE | 16.02% | ||
| ROIC | 12.08% | ||
| ROICexc | 13.17% | ||
| ROICexgc | 13.17% | ||
| OM | 71.37% | ||
| PM (TTM) | 61.01% | ||
| GM | 73.91% | ||
| FCFM | N/A |
ROA(3y)4.81%
ROA(5y)7.36%
ROE(3y)5.23%
ROE(5y)7.76%
ROIC(3y)10.02%
ROIC(5y)9.83%
ROICexc(3y)12.23%
ROICexc(5y)11.76%
ROICexgc(3y)12.23%
ROICexgc(5y)11.76%
ROCE(3y)13.29%
ROCE(5y)13.04%
ROICexgc growth 3Y4.65%
ROICexgc growth 5Y8.13%
ROICexc growth 3Y4.65%
ROICexc growth 5Y8.13%
OM growth 3Y4.62%
OM growth 5Y4.24%
PM growth 3Y4.64%
PM growth 5Y13.79%
GM growth 3Y4.48%
GM growth 5Y3.98%
F-Score7
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 716.24% | ||
| Cap/Sales | 120.51% | ||
| Interest Coverage | 325.23 | ||
| Cash Conversion | 92.91% | ||
| Profit Quality | N/A | ||
| Current Ratio | 8.3 | ||
| Quick Ratio | 7.98 | ||
| Altman-Z | 48.31 |
F-Score7
WACC12.22%
ROIC/WACC0.99
Cap/Depr(3y)362.77%
Cap/Depr(5y)278.32%
Cap/Sales(3y)66.65%
Cap/Sales(5y)53.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)71.47%
EPS 3Y15.37%
EPS 5Y15.58%
EPS Q2Q%94.74%
EPS Next Y53.31%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
EPS Next 5Y8.61%
Revenue 1Y (TTM)63.69%
Revenue growth 3Y11.48%
Revenue growth 5Y12.31%
Sales Q2Q%86.07%
Revenue Next Year58.36%
Revenue Next 2Y36.01%
Revenue Next 3Y15.98%
Revenue Next 5Y9.67%
EBIT growth 1Y81.08%
EBIT growth 3Y16.63%
EBIT growth 5Y17.07%
EBIT Next Year93.8%
EBIT Next 3Y23.44%
EBIT Next 5Y13.48%
FCF growth 1Y-266.79%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y80.07%
OCF growth 3Y14.33%
OCF growth 5Y13.19%
FRANCO-NEVADA CORP / FNV.CA Fundamental Analysis 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.
How profitable is FRANCO-NEVADA CORP (FNV.CA) stock?
FRANCO-NEVADA CORP (FNV.CA) has a profitability rating of 9 / 10.
What is the financial health of FRANCO-NEVADA CORP (FNV.CA) stock?
The financial health rating of FRANCO-NEVADA CORP (FNV.CA) is 8 / 10.
How sustainable is the dividend of FRANCO-NEVADA CORP (FNV.CA) stock?
The dividend rating of FRANCO-NEVADA CORP (FNV.CA) is 6 / 10 and the dividend payout ratio is 24.74%.