FRANCO-NEVADA CORP (FNV) Fundamental Analysis & Valuation

NYSE:FNV • CA3518581051

259.75 USD
+4.4 (+1.72%)
At close: Mar 6, 2026
261 USD
+1.25 (+0.48%)
After Hours: 3/6/2026, 8:19:32 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This FNV 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 159 industry peers in the Metals & Mining industry. FNV gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, FNV is valued expensive at the moment. This makes FNV very considerable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. FNV 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.
  • FNV had a positive operating cash flow in each of the past 5 years.
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 0 500M -500M

1.2 Ratios

  • FNV's Return On Assets of 12.24% is amongst the best of the industry. FNV outperforms 89.17% of its industry peers.
  • Looking at the Return On Equity, with a value of 13.14%, FNV belongs to the top of the industry, outperforming 80.89% of the companies in the same industry.
  • FNV's Return On Invested Capital of 10.39% is fine compared to the rest of the industry. FNV outperforms 79.62% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FNV is below the industry average of 11.01%.
  • 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 Yearly ROA, ROE, ROICFNV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • FNV's Profit Margin of 59.48% is amongst the best of the industry. FNV outperforms 98.09% of its industry peers.
  • FNV's Profit Margin has improved in the last couple of years.
  • The Operating Margin of FNV (68.77%) is better than 98.73% of its industry peers.
  • In the last couple of years the Operating Margin of FNV has grown nicely.
  • FNV has a better Gross Margin (72.00%) than 96.18% 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 Yearly Profit, Operating, Gross MarginsFNV 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 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.
  • 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.
FNV Yearly Shares OutstandingFNV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B

2.2 Solvency

  • FNV has an Altman-Z score of 58.00. This indicates that FNV is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 58.00, FNV belongs to the best of the industry, outperforming 88.53% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 58
ROIC/WACC1.04
WACC10.03%
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 0 2B 4B 6B

2.3 Liquidity

  • FNV has a Current Ratio of 4.64. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
  • FNV's Current ratio of 4.64 is fine compared to the rest of the industry. FNV outperforms 78.34% 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.
  • The Quick ratio of FNV (4.55) is better than 78.34% of its industry peers.
Industry RankSector Rank
Current Ratio 4.64
Quick Ratio 4.55
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 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

  • The Earnings Per Share has grown by an impressive 43.87% over the past year.
  • FNV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.36% yearly.
  • 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)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

  • FNV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.31% yearly.
  • FNV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.31% yearly.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 500M 1B 1.5B 2B 2.5B
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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Find the best growth stocksShow best growing peers

3

4. FNV Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 55.38 indicates a quite expensive valuation of FNV.
  • The rest of the industry has a similar Price/Earnings ratio as FNV.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, FNV is valued quite expensively.
  • The Price/Forward Earnings ratio is 35.32, which means the current valuation is very expensive for FNV.
  • The rest of the industry has a similar Price/Forward Earnings ratio as FNV.
  • FNV's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 55.38
Fwd PE 35.32
FNV Price Earnings VS Forward Price EarningsFNV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 36.48
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.
  • 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)4.48
EPS Next 2Y50.2%
EPS Next 3Y37.56%

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

6

5. FNV Dividend Analysis

5.1 Amount

  • FNV has a yearly dividend return of 0.62%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.05, 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 0.62%

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
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

  • 28.98% of the earnings are spent on dividend by FNV. This is a low number and sustainable payout ratio.
  • The dividend of FNV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.98%
EPS Next 2Y50.2%
EPS Next 3Y37.56%
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 0 200M -200M 400M -400M 600M 800M
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 (3/6/2026, 8:19:32 PM)

After market: 261 +1.25 (+0.48%)

259.75

+4.4 (+1.72%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-03
Earnings (Next)03-09
Inst Owners82.34%
Inst Owner Change2.08%
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap50.07B
Revenue(TTM)1.11B
Net Income(TTM)919.80M
Analysts74
Price Target259.45 (-0.12%)
Short Float %1.81%
Short Ratio4.18
Dividend
Industry RankSector Rank
Dividend Yield 0.62%
Yearly Dividend1.26
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)15.11%
PT rev (3m)19.27%
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 55.38
Fwd PE 35.32
P/S 32.38
P/FCF N/A
P/OCF 38.22
P/B 7.15
P/tB 7.15
EV/EBITDA 36.48
EPS(TTM)4.69
EY1.81%
EPS(NY)7.36
Fwd EY2.83%
FCF(TTM)-4.44
FCFYN/A
OCF(TTM)6.8
OCFY2.62%
SpS8.02
BVpS36.31
TBVpS36.31
PEG (NY)0.85
PEG (5Y)4.48
Graham Number61.9
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 58
F-Score7
WACC10.03%
ROIC/WACC1.04
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 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.


What is the profitability of FNV stock?

FRANCO-NEVADA CORP (FNV) has a profitability rating of 8 / 10.


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

The Price/Earnings (PE) ratio for FRANCO-NEVADA CORP (FNV) is 55.38 and the Price/Book (PB) ratio is 7.15.


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

The dividend rating of FRANCO-NEVADA CORP (FNV) is 6 / 10 and the dividend payout ratio is 28.98%.