FRANCO-NEVADA CORP (FNV) Fundamental Analysis & Valuation

NYSE:FNV • CA3518581051

Current stock price

256.83 USD
-0.46 (-0.18%)
At close:
256.83 USD
0 (0%)
After Hours:

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

9

1. FNV Profitability Analysis

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.
  • Each year in the past 5 years FNV had a positive operating cash flow.
FNV Yearly Net Income VS EBIT VS OCF VS FCFFNV 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 2025 0 500M -500M 1B

1.2 Ratios

  • With an excellent Return On Assets value of 13.49%, FNV belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
  • FNV has a better Return On Equity (14.57%) than 81.88% of its industry peers.
  • The Return On Invested Capital of FNV (12.08%) is better than 82.50% of its industry peers.
  • FNV had an Average Return On Invested Capital over the past 3 years of 10.02%. This is significantly below the industry average of 59.89%.
  • 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 RankSector 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%
FNV Yearly ROA, ROE, ROICFNV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 61.01%, FNV belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FNV has grown nicely.
  • Looking at the Operating Margin, with a value of 71.37%, FNV belongs to the top of the industry, outperforming 98.75% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FNV has grown nicely.
  • FNV's Gross Margin of 73.91% is amongst the best of the industry. FNV outperforms 96.88% of its industry peers.
  • FNV's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
FNV Yearly Profit, Operating, Gross MarginsFNV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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9

2. FNV Health Analysis

2.1 Basic Checks

  • FNV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for FNV has been reduced compared to 1 year ago.
  • FNV has more shares outstanding than it did 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 Yearly Shares OutstandingFNV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
FNV Yearly Total Debt VS Total AssetsFNV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • FNV has an Altman-Z score of 50.21. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of FNV (50.21) is better than 86.88% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 50.21
ROIC/WACC1
WACC12.1%
FNV Yearly LT Debt VS Equity VS FCFFNV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 8.30 indicates that FNV has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 8.30, FNV belongs to the best of the industry, outperforming 85.00% 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.
  • With an excellent Quick ratio value of 7.98, FNV belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 8.3
Quick Ratio 7.98
FNV Yearly Current Assets VS Current LiabilitesFNV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 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.
  • Measured over the past years, FNV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.58% on average per year.
  • Looking at the last year, FNV shows a very strong growth in Revenue. The Revenue has grown by 63.69%.
  • 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

  • FNV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.61% yearly.
  • Based on estimates for the next years, FNV will show a quite strong growth in Revenue. The Revenue will grow by 9.67% on average per year.
EPS Next Y53.31%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
EPS Next 5Y8.61%
Revenue Next Year54.53%
Revenue Next 2Y33.52%
Revenue Next 3Y14.49%
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.
FNV Yearly Revenue VS EstimatesFNV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
FNV Yearly EPS VS EstimatesFNV 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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3

4. FNV Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 45.94, the valuation of FNV can be described as expensive.
  • FNV's Price/Earnings ratio is in line with the industry average.
  • FNV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.38.
  • The Price/Forward Earnings ratio is 29.97, which means the current valuation is very expensive for FNV.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FNV is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of FNV to the average of the S&P500 Index (38.20), we can say FNV is valued slightly cheaper.
Industry RankSector Rank
PE 45.94
Fwd PE 29.97
FNV Price Earnings VS Forward Price EarningsFNV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FNV.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 30.44
FNV Per share dataFNV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

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)0.86
PEG (5Y)2.95
EPS Next 2Y33.26%
EPS Next 3Y18.65%

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

5

5. FNV Dividend Analysis

5.1 Amount

  • FNV has a yearly dividend return of 0.60%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.09, FNV pays a bit more dividend than its industry peers.
  • 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 0.6%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.84%
Div Incr Years17
Div Non Decr Years17
FNV Yearly Dividends per shareFNV 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 24.74% 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.
DP24.74%
EPS Next 2Y33.26%
EPS Next 3Y18.65%
FNV Yearly Income VS Free CF VS DividendFNV Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B
FNV Dividend Payout.FNV Dividend Payout, showing the Payout Ratio.FNV Dividend Payout.PayoutRetained Earnings

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FNV Fundamentals: All Metrics, Ratios and Statistics

FRANCO-NEVADA CORP

NYSE:FNV (4/15/2026, 8:04:00 PM)

After market: 256.83 0 (0%)

256.83

-0.46 (-0.18%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-10
Earnings (Next)05-06
Inst Owners82.65%
Inst Owner Change0.03%
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap49.52B
Revenue(TTM)1.82B
Net Income(TTM)1.11B
Analysts74
Price Target277.11 (7.9%)
Short Float %1.55%
Short Ratio3.35
Dividend
Industry RankSector Rank
Dividend Yield 0.6%
Yearly Dividend1.43
Dividend Growth(5Y)11.84%
DP24.74%
Div Incr Years17
Div Non Decr Years17
Ex-Date03-12
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)6.81%
PT rev (3m)26.13%
EPS NQ rev (1m)7.98%
EPS NQ rev (3m)22.04%
EPS NY rev (1m)1.27%
EPS NY rev (3m)19.28%
Revenue NQ rev (1m)9.56%
Revenue NQ rev (3m)25.34%
Revenue NY rev (1m)11.44%
Revenue NY rev (3m)22.48%
Valuation
Industry RankSector Rank
PE 45.94
Fwd PE 29.97
P/S 27.17
P/FCF N/A
P/OCF 33.15
P/B 6.49
P/tB 6.49
EV/EBITDA 30.44
EPS(TTM)5.59
EY2.18%
EPS(NY)8.57
Fwd EY3.34%
FCF(TTM)-3.65
FCFYN/A
OCF(TTM)7.75
OCFY3.02%
SpS9.45
BVpS39.6
TBVpS39.6
PEG (NY)0.86
PEG (5Y)2.95
Graham Number70.5759 (-72.52%)
Profitability
Industry RankSector 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 RankSector 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 50.21
F-Score7
WACC12.1%
ROIC/WACC1
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 Year54.53%
Revenue Next 2Y33.52%
Revenue Next 3Y14.49%
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 Fundamental Analysis FAQ

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

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


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

ChartMill assigns a valuation rating of 3 / 10 to FRANCO-NEVADA CORP (FNV). This can be considered as Overvalued.


How profitable is FRANCO-NEVADA CORP (FNV) stock?

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


What is the financial health of FRANCO-NEVADA CORP (FNV) stock?

The financial health rating of FRANCO-NEVADA CORP (FNV) is 9 / 10.


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

The dividend rating of FRANCO-NEVADA CORP (FNV) is 5 / 10 and the dividend payout ratio is 24.74%.