(FNV) Franco-Nevada - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NYSE (USA) | Market Cap: 43.554m USD | Total Return: 34.9% in 12m
Avg Turnover: 170M
EPS Trend: 77.1%
Qual. Beats: 6
Rev. Trend: 73.4%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
Confidence
Franco-Nevada Corporation is a Toronto-based royalty and streaming firm specializing in precious metals, including gold, silver, and platinum group metals. The company maintains a diversified geographic footprint with assets across the Americas, Australia, Europe, and Africa. Beyond its core mining segments, the firm manages energy interests involving crude oil and natural gas liquids.
The streaming business model differs from traditional mining because it involves providing upfront capital to miners in exchange for the right to purchase a percentage of future production at a fixed, below-market price. This structure allows the company to capture upside from metal price increases and exploration successes without exposure to direct operating cost inflation or capital expenditure overruns. For a deeper look at how these royalty structures impact long-term valuation, explore the data tools available on ValueRay.
- Gold price volatility directly impacts royalty revenue and free cash flow margins
- Cobre Panama mine suspension creates significant geopolitical and production volume uncertainty
- Energy segment diversification provides hedge against fluctuations in precious metal prices
- Organic production growth depends on operator success at core mine sites
- High margin business model remains insulated from rising mining sector operational costs
| Net Income: 1.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.20 > 0.02 and ΔFCF/TA 17.57 > 1.0 |
| NWC/Revenue: 44.99% < 20% (prev 108.9%; Δ -63.89% < -1%) |
| CFO/TA 0.19 > 3% & CFO 1.72b > Net Income 1.37b |
| Net Debt (-705.9m) to EBITDA (2.06b): -0.34 < 3 |
| Current Ratio: 6.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (193.2m) vs 12m ago 0.16% < -2% |
| Gross Margin: 76.58% > 18% (prev 0.70%; Δ 7.59k% > 0.5%) |
| Asset Turnover: 27.20% > 50% (prev 18.41%; Δ 8.78% > 0%) |
| Interest Coverage Ratio: 541.8 > 6 (EBITDA TTM 2.06b / Interest Expense TTM 3.21m) |
| A: 0.11 (Total Current Assets 1.13b - Total Current Liabilities 183.8m) / Total Assets 8.83b |
| B: 0.20 (Retained Earnings 1.78b / Total Assets 8.83b) |
| C: 0.23 (EBIT TTM 1.74b / Avg Total Assets 7.74b) |
| D: 11.71 (Book Value of Equity 8.12b / Total Liabilities 693.2m) |
| Altman-Z'' = 15.17 = AAA |
| DSRI: 0.95 (Receivables 281.2m/172.1m, Revenue 2.11b/1.23b) |
| GMI: 0.91 (GM 76.58% / 69.85%) |
| AQI: 1.42 (AQ_t 0.15 / AQ_t-1 0.11) |
| SGI: 1.72 (Revenue 2.11b / 1.23b) |
| TATA: -0.04 (NI 1.37b - CFO 1.72b) / TA 8.83b) |
| Beneish M = -2.42 (Cap -4..+1) = BBB |
As of May 29, 2026, the stock is trading at USD 225.56 with a total of 417,545 shares traded.
Over the past week, the price has changed by +0.16%,
over one month by -2.96%,
over three months by -19.48% and
over the past year by +34.91%.
Franco-Nevada has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FNV.
- StrongBuy: 6
- Buy: 3
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 301.9 | 33.8% |
P/E Trailing = 31.7637
P/E Forward = 25.4453
P/S = 20.8624
P/B = 5.3572
P/EG = 11.81
Revenue TTM = 2.11b USD
EBIT TTM = 1.74b USD
EBITDA TTM = 2.06b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 11.2m USD (from shortLongTermDebtTotal, last fiscal year) + Leases 2.60m
Net Debt = -705.9m USD (calculated: Debt 11.2m - CCE 717.1m)
Enterprise Value = 42.8b USD (43.6b + Debt 11.2m - CCE 717.1m)
Interest Coverage Ratio = 541.8 (Ebit TTM 1.74b / Interest Expense TTM 3.21m)
EV/FCF = 24.10x (Enterprise Value 42.8b / FCF TTM 1.78b)
FCF Yield = 4.15% (FCF TTM 1.78b / Enterprise Value 42.8b)
FCF Margin = 84.44% (FCF TTM 1.78b / Revenue TTM 2.11b)
Net Margin = 65.12% (Net Income TTM 1.37b / Revenue TTM 2.11b)
Gross Margin = 76.58% ((Revenue TTM 2.11b - Cost of Revenue TTM 493.0m) / Revenue TTM)
Gross Margin QoQ = 80.88% (prev 77.08%)
Tobins Q-Ratio = 4.85 (Enterprise Value 42.8b / Total Assets 8.83b)
Interest Expense / Debt = 28.74% (Interest Expense 3.21m / Debt 11.2m)
Taxrate = 21.23% (126.3m / 594.9m)
NOPAT = 1.37b (EBIT 1.74b * (1 - 21.23%))
Current Ratio = 6.15 (Total Current Assets 1.13b / Total Current Liabilities 183.8m)
Debt / Equity = 0.00 (Debt 11.2m / totalStockholderEquity, last quarter 8.13b)
Debt / EBITDA = -0.34 (Net Debt -705.9m / EBITDA 2.06b)
Debt / FCF = -0.40 (Net Debt -705.9m / FCF TTM 1.78b)
Total Stockholder Equity = 7.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.71% (Net Income 1.37b / Total Assets 8.83b)
RoE = 18.68% (Net Income TTM 1.37b / Total Stockholder Equity 7.34b)
RoCE = 20.15% (EBIT 1.74b / Capital Employed (Total Assets 8.83b - Current Liab 183.8m))
RoIC = 16.12% (NOPAT 1.37b / Invested Capital 8.51b)
WACC = 6.98% (E(43.6b)/V(43.6b) * Re(6.98%) + D(11.2m)/V(43.6b) * Rd(28.74%) * (1-Tc(0.21)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.11 | Cagr: 0.24%
[DCF] Terminal Value 77.97% ; FCFF base≈1.13b ; Y1≈1.30b ; Y5≈1.91b
[DCF] Fair Price = 153.1 (EV 28.8b - Net Debt -705.9m = Equity 29.5b / Shares 192.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 77.07 | EPS CAGR: 23.35% | SUE: 4.0 | # QB: 6
Revenue Correlation: 73.41 | Revenue CAGR: 18.27% | SUE: 0.50 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.18 | Chg30d=+0.88% | Revisions=+33% | Analysts=7
EPS next Quarter (2026-09-30): EPS=2.33 | Chg30d=-0.68% | Revisions=+33% | Analysts=7
EPS current Year (2026-12-31): EPS=9.32 | Chg30d=+6.68% | Revisions=+60% | GrowthEPS=+67.1% | GrowthRev=+49.3%
EPS next Year (2027-12-31): EPS=9.96 | Chg30d=+0.49% | Revisions=+33% | GrowthEPS=+6.9% | GrowthRev=+16.4%
[Analyst] Revisions Ratio: +60%