FRANCO-NEVADA CORP (FNV)
CA3518581051 - Common Stock
We assign a fundamental rating of 6 out of 10 to FNV. FNV was compared to 154 industry peers in the Metals & Mining industry. While FNV has a great health rating, its profitability is only average at the moment. FNV is quite expensive at the moment. It does show a decent growth rate.
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 -7.78%. This is in the lower half of the industry: FNV underperforms 68.83% of its industry peers.
The Return On Equity of FNV (-8.08%) is worse than 61.69% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.41%, FNV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FNV is in line with the industry average of 8.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.78% | ||
| ROE | -8.08% | ||
| ROIC | 10.41% |
ROA(3y)4.87%
ROA(5y)5.39%
ROE(3y)5%
ROE(5y)5.56%
ROIC(3y)10.56%
ROIC(5y)9.44%
1.3 Margins
The Operating Margin of FNV (60.52%) is better than 99.35% of its industry peers.
FNV's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 62.89%, FNV belongs to the top of the industry, outperforming 94.81% 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 | 60.52% | ||
| PM (TTM) | N/A | ||
| GM | 62.89% |
OM growth 3Y1.43%
OM growth 5Y8.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.13%
GM growth 5Y7.41%
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.
The number of shares outstanding for FNV remains at a similar level compared to 1 year ago.
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 64.14 indicates that FNV is not in any danger for bankruptcy at the moment.
FNV's Altman-Z score of 64.14 is amongst the best of the industry. FNV outperforms 96.75% 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 | 0 | ||
| Altman-Z | 64.14 |
ROIC/WACC1.29
WACC8.08%
2.3 Liquidity
FNV has a Current Ratio of 41.21. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 41.21, FNV belongs to the best of the industry, outperforming 99.35% of the companies in the same industry.
FNV has a Quick Ratio of 41.21. This indicates that FNV is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 41.21, FNV belongs to the best of the industry, outperforming 99.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 41.21 | ||
| Quick Ratio | 41.21 |
3. Growth
3.1 Past
The earnings per share for FNV have decreased by -2.47% in the last year.
The Earnings Per Share has been growing by 25.07% on average over the past years. This is a very strong growth
FNV shows a decrease in Revenue. In the last year, the revenue decreased by -7.35%.
Measured over the past years, FNV shows a quite strong growth in Revenue. The Revenue has been growing by 13.29% on average per year.
EPS 1Y (TTM)-2.47%
EPS 3Y9.42%
EPS 5Y25.07%
EPS growth Q2Q4.65%
Revenue 1Y (TTM)-7.35%
Revenue growth 3Y6.11%
Revenue growth 5Y13.29%
Revenue growth Q2Q-5.34%
3.2 Future
The Earnings Per Share is expected to grow by 3.53% on average over the next years.
The Revenue is expected to grow by 3.63% on average over the next years.
EPS Next Y-11.52%
EPS Next 2Y1.09%
EPS Next 3Y0.47%
EPS Next 5Y3.53%
Revenue Next Year-10.34%
Revenue Next 2Y2.23%
Revenue Next 3Y1.72%
Revenue Next 5Y3.63%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
Based on the Price/Earnings ratio of 35.55, the valuation of FNV can be described as expensive.
FNV's Price/Earnings ratio is a bit cheaper when compared to the industry. FNV is cheaper than 60.39% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. FNV is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 40.18, the valuation of FNV can be described as expensive.
FNV's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.41, FNV is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.55 | ||
| Fwd PE | 40.18 |
4.2 Price Multiples
FNV's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FNV indicates a somewhat cheap valuation: FNV is cheaper than 67.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.65 | ||
| EV/EBITDA | 22.03 |
4.3 Compensation for Growth
FNV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.42
EPS Next 2Y1.09%
EPS Next 3Y0.47%
5. Dividend
5.1 Amount
FNV has a yearly dividend return of 0.85%, which is pretty low.
FNV's Dividend Yield is a higher than the industry average which is at 2.87.
With a Dividend Yield of 0.85, FNV pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
5.2 History
The dividend of FNV is nicely growing with an annual growth rate of 10.68%!
FNV has paid a dividend for at least 10 years, which is a reliable track record.
FNV has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.68%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
The earnings of FNV are negative and hence is the payout ratio. FNV will probably not be able to sustain this dividend level.
The dividend of FNV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-49.96%
EPS Next 2Y1.09%
EPS Next 3Y0.47%
FRANCO-NEVADA CORP
NYSE:FNV (5/6/2024, 1:19:37 PM)
126.215
+2.97 (+2.41%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap24.26B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.55 | ||
| Fwd PE | 40.18 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.78% | ||
| ROE | -8.08% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 60.52% | ||
| PM (TTM) | N/A | ||
| GM | 62.89% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 41.21 | ||
| Quick Ratio | 41.21 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-2.47%
EPS 3Y9.42%
EPS 5Y
EPS growth Q2Q
EPS Next Y-11.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.35%
Revenue growth 3Y6.11%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y