FRANCO-NEVADA CORP (FNV) Stock Fundamental Analysis
NYSE:FNV - CA3518581051 - Common Stock
190.73 USD
+0.33 (+0.17%)
We assign a fundamental rating of 6 out of 10 to FNV. FNV was compared to 156 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 does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
FNV had positive earnings in the past year.
In the past year FNV had a positive cash flow from operations.
FNV had positive earnings in 4 of the past 5 years.
In the past 5 years FNV always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.18%, FNV belongs to the top of the industry, outperforming 90.38% of the companies in the same industry.
FNV's Return On Equity of 11.89% is amongst the best of the industry. FNV outperforms 83.33% of its industry peers.
FNV has a better Return On Invested Capital (9.38%) than 80.77% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FNV is below the industry average of 13.00%.
The 3 year average ROIC (8.75%) for FNV is below the current ROIC(9.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.18% | ||
| ROE | 11.89% | ||
| ROIC | 9.38% |
ROA(3y)3.84%
ROA(5y)5.83%
ROE(3y)4.01%
ROE(5y)6.04%
ROIC(3y)8.75%
ROIC(5y)8.65%
1.3 Margins
With an excellent Profit Margin value of 58.82%, FNV belongs to the best of the industry, outperforming 98.72% of the companies in the same industry.
In the last couple of years the Profit Margin of FNV has grown nicely.
The Operating Margin of FNV (67.43%) is better than 98.08% of its industry peers.
FNV's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 71.16%, FNV belongs to the best of the industry, outperforming 96.15% of the companies in the same industry.
FNV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 67.43% | ||
| PM (TTM) | 58.82% | ||
| GM | 71.16% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FNV is destroying 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.
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 53.41 indicates that FNV is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 53.41, FNV belongs to the top of the industry, outperforming 90.38% 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 | 53.41 |
ROIC/WACC0.99
WACC9.44%
2.3 Liquidity
A Current Ratio of 4.25 indicates that FNV has no problem at all paying its short term obligations.
FNV has a better Current ratio (4.25) than 76.28% of its industry peers.
A Quick Ratio of 4.25 indicates that FNV has no problem at all paying its short term obligations.
The Quick ratio of FNV (4.25) is better than 78.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.25 | ||
| Quick Ratio | 4.25 |
3. Growth
3.1 Past
FNV shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.17%.
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.
The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)-8.17%
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 5.66% on average over the next years.
Based on estimates for the next years, FNV will show a small growth in Revenue. The Revenue will grow by 4.13% on average per year.
EPS Next Y53.98%
EPS Next 2Y32.01%
EPS Next 3Y21.71%
EPS Next 5Y5.66%
Revenue Next Year49.14%
Revenue Next 2Y29.47%
Revenue Next 3Y19.28%
Revenue Next 5Y4.13%
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 58.51, the valuation of FNV can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of FNV indicates a somewhat cheap valuation: FNV is cheaper than 60.90% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FNV to the average of the S&P500 Index (26.90), we can say FNV is valued expensively.
With a Price/Forward Earnings ratio of 33.57, FNV can be considered very expensive at the moment.
FNV's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.52. FNV is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.51 | ||
| Fwd PE | 33.57 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FNV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 31.86 |
4.3 Compensation for Growth
FNV's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FNV has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as FNV's earnings are expected to grow with 21.71% in the coming years.
PEG (NY)1.08
PEG (5Y)4.73
EPS Next 2Y32.01%
EPS Next 3Y21.71%
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 2.67.
Compared to an average S&P500 Dividend Yield of 2.32, FNV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
5.2 History
The dividend of FNV is nicely growing with an annual growth rate of 11.34%!
FNV has been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
33.17% 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 the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.17%
EPS Next 2Y32.01%
EPS Next 3Y21.71%
NYSE:FNV (9/3/2025, 1:27:51 PM)
190.73
+0.33 (+0.17%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners77.03%
Inst Owner Change-1.13%
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap36.75B
Analysts70
Price Target186.84 (-2.04%)
Short Float %1.73%
Short Ratio4.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Yearly Dividend1.26
Dividend Growth(5Y)11.34%
DP33.17%
Div Incr Years16
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.38%
Min EPS beat(2)6.24%
Max EPS beat(2)8.51%
EPS beat(4)3
Avg EPS beat(4)3.43%
Min EPS beat(4)-6.54%
Max EPS beat(4)8.51%
EPS beat(8)6
Avg EPS beat(8)2.21%
EPS beat(12)8
Avg EPS beat(12)0.94%
EPS beat(16)10
Avg EPS beat(16)0.61%
Revenue beat(2)1
Avg Revenue beat(2)7%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)17.27%
Revenue beat(4)2
Avg Revenue beat(4)3.31%
Min Revenue beat(4)-4.67%
Max Revenue beat(4)17.27%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)4
Avg Revenue beat(12)-1.29%
Revenue beat(16)4
Avg Revenue beat(16)-1.33%
PT rev (1m)1.25%
PT rev (3m)4.77%
EPS NQ rev (1m)6.43%
EPS NQ rev (3m)36.42%
EPS NY rev (1m)20.42%
EPS NY rev (3m)20.42%
Revenue NQ rev (1m)-1.9%
Revenue NQ rev (3m)24.03%
Revenue NY rev (1m)4.95%
Revenue NY rev (3m)17.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.51 | ||
| Fwd PE | 33.57 | ||
| P/S | 27.54 | ||
| P/FCF | N/A | ||
| P/OCF | 31.26 | ||
| P/B | 5.57 | ||
| P/tB | 5.57 | ||
| EV/EBITDA | 31.86 |
EPS(TTM)3.26
EY1.71%
EPS(NY)5.68
Fwd EY2.98%
FCF(TTM)-4.87
FCFYN/A
OCF(TTM)6.1
OCFY3.2%
SpS6.93
BVpS34.26
TBVpS34.26
PEG (NY)1.08
PEG (5Y)4.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.18% | ||
| ROE | 11.89% | ||
| ROCE | 12.97% | ||
| ROIC | 9.38% | ||
| ROICexc | 9.6% | ||
| ROICexgc | 9.6% | ||
| OM | 67.43% | ||
| PM (TTM) | 58.82% | ||
| GM | 71.16% | ||
| 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%
ROICexcg growth 3Y2.02%
ROICexcg 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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 857.02% | ||
| Cap/Sales | 158.37% | ||
| Interest Coverage | 359.96 | ||
| Cash Conversion | 102.56% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.25 | ||
| Quick Ratio | 4.25 | ||
| Altman-Z | 53.41 |
F-Score7
WACC9.44%
ROIC/WACC0.99
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)-8.17%
EPS 3Y-2.62%
EPS 5Y12.36%
EPS Q2Q%0%
EPS Next Y53.98%
EPS Next 2Y32.01%
EPS Next 3Y21.71%
EPS Next 5Y5.66%
Revenue 1Y (TTM)-8.65%
Revenue growth 3Y-5.03%
Revenue growth 5Y5.7%
Sales Q2Q%0%
Revenue Next Year49.14%
Revenue Next 2Y29.47%
Revenue Next 3Y19.28%
Revenue Next 5Y4.13%
EBIT growth 1Y29.43%
EBIT growth 3Y-3.17%
EBIT growth 5Y12.02%
EBIT Next Year76.62%
EBIT Next 3Y28.2%
EBIT Next 5Y11.7%
FCF growth 1Y-260.66%
FCF growth 3Y29.32%
FCF growth 5Y19.56%
OCF growth 1Y19.58%
OCF growth 3Y-4.6%
OCF growth 5Y6.07%