FNV Stock Analysis: Franco-Nevada | NYSE
Gold | NYSE, USA | Market Cap: 52.324m USD | 12M Return: 45.4% | CA3518581051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 190M
EPS Trend: 84.5%
Qual. Beats: 0
Rev. Trend: 82.9%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Franco-Nevada Corporation (NYSE: FNV) is a Toronto-based royalty and stream company that owns financial interests in mining and energy assets rather than operating mines directly. Founded in 1986 and listed on the NYSE since its 2007 IPO, the company generates revenue by providing upfront capital or ongoing financing to miners and energy producers in exchange for a percentage of future production or revenue.
The company operates through Precious Metals, Other Mining, and Energy segments, with a geographic footprint spanning South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. Its portfolio is weighted toward gold, silver, and platinum group metals, while the Energy segment sells crude oil, natural gas, and natural gas liquids through a third-party marketing agent.
Franco-Nevada sits within the GICS Materials sector and Gold sub-industry, and is classified as a large-cap stock. The royalty and streaming model distinguishes it from traditional miners, as the company does not bear the operational risks, capital expenditure obligations, or cost inflation exposure associated with mine development, instead collecting royalties and stream deliveries from counterparties.
- Gold price rally lifts royalty revenue and margins
- Oil and natural gas prices pressure energy segment margins
- Royalty and stream acquisitions expand precious metals portfolio
| Net Income: 1.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.35 > 0.02 and ΔFCF/TA 48.21 > 1.0 |
| NWC/Revenue: 53.52% < 20% (prev 20.48%; Δ 33.04% < -1%) |
| CFO/TA 0.20 > 3% & CFO 1.77b > Net Income 1.48b |
| Net Debt (-1.00b) to EBITDA (2.22b): -0.45 < 3 |
| Current Ratio: 9.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (193.3m) vs 12m ago 0.16% < -2% |
| Gross Margin: 77.32% > 18% (prev 71.16%; Δ 6.16% > 0.5%) |
| Asset Turnover: 29.06% > 50% (prev 19.01%; Δ 10.05% > 0%) |
| Interest Coverage Ratio: 611.3 > 6 (EBIT TTM 1.88b / Interest Expense TTM 3.08m) |
| A: 0.14 (Total Current Assets 1.39b - Total Current Liabilities 148.0m) / Total Assets 8.92b |
| B: 0.23 (Retained Earnings 2.05b / Total Assets 8.92b) |
| C: 0.24 (EBIT TTM 1.88b / Avg Total Assets 7.97b) |
| D: 12.09 (Book Value of Equity 8.24b / Total Liabilities 681.5m) |
| Altman-Z'' = 15.94 = AAA |
| DSRI: 0.83 (Receivables 237.5m/164.5m, Revenue 2.32b/1.33b) |
| GMI: 0.92 (GM 71.16% / 77.32%) |
| AQI: 1.30 (AQ_t 0.14 / AQ_t-1 0.11) |
| SGI: 1.74 (Revenue 2.32b / 1.33b) |
| TATA: -0.03 (NI 1.48b - CFO 1.77b) / TA 8.92b) |
| Beneish M = -2.53 (Cap -4..+1) = A |
As of August 30, 2026, the stock is trading at USD 266.16 with a total of 1,050,853 shares traded. Over the past week, the price has changed by +0.16%, over one month by +26.38%, over three months by +18.25% and over the past year by +45.39%.
Current recommended Stop Loss: 254.40 (which is 4.4% or 1.5 ATR below the current price).
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 | 285 | 7.1% |
P/E Trailing = 35.4654
P/E Forward = 33.2226
P/S = 22.7415
P/B = 6.2578
P/EG = 11.81
Revenue TTM = 2.32b USD
EBIT TTM = 1.88b USD
EBITDA TTM = 2.22b 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 = -1.00b USD (calculated: Debt 11.2m - CCE 1.01b)
Enterprise Value = 51.3b USD (52.3b + Debt 11.2m - CCE 1.01b)
Interest Coverage Ratio = 611.3 (Ebit TTM 1.88b / Interest Expense TTM 3.08m)
EV/FCF = 16.50x (Enterprise Value 51.3b / FCF TTM 3.11b)
FCF Yield = 6.06% (FCF TTM 3.11b / Enterprise Value 51.3b)
FCF Margin = 134.2% (FCF TTM 3.11b / Revenue TTM 2.32b)
Net Margin = 63.79% (Net Income TTM 1.48b / Revenue TTM 2.32b)
Gross Margin = 77.32% ((Revenue TTM 2.32b - Cost of Revenue TTM 525.4m) / Revenue TTM)
Gross Margin QoQ = 77.64% (prev 80.88%)
Tobins Q-Ratio = 5.75 (Enterprise Value 51.3b / Total Assets 8.92b)
Interest Expense / Debt = 27.57% (Interest Expense 3.08m / Debt 11.2m)
Taxrate = 21.58% (406.7m / 1.88b)
NOPAT = 1.48b (EBIT 1.88b * (1 - 21.58%))
Current Ratio = 9.38 (Total Current Assets 1.39b / Total Current Liabilities 148.0m)
Debt / Equity = 0.00 (Debt 11.2m / totalStockholderEquity, last quarter 8.24b)
Debt / EBITDA = -0.45 (Net Debt -1.00b / EBITDA 2.22b)
Debt / FCF = -0.32 (Net Debt -1.00b / FCF TTM 3.11b)
Total Stockholder Equity = 7.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.54% (Net Income 1.48b / Total Assets 8.92b)
RoE = 19.08% (Net Income TTM 1.48b / Total Stockholder Equity 7.75b)
RoCE = 21.48% (EBIT 1.88b / Capital Employed (Total Assets 8.92b - Current Liab 148.0m))
RoIC = 17.07% (NOPAT 1.48b / Invested Capital 8.66b)
WACC = 7.01% (E(52.3b)/V(52.3b) * Re(7.01%) + D(11.2m)/V(52.3b) * Rd(27.57%) * (1-Tc(0.22)))
Discount Rate = 7.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.52 | Cagr: 0.21%
[DCF] Terminal Value 75.44% ; FCFF base≈3.11b ; Y1≈3.12b ; Y5≈3.31b
[DCF] Fair Price = 272.0 (EV 51.5b - Net Debt -1.00b = Equity 52.5b / Shares 192.9m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 84.51 | EPS CAGR: 32.60% | SUE: -0.61 | # QB: 0
Revenue Correlation: 82.88 | Revenue CAGR: 26.86% | SUE: -1.05 | # QB: -1
EPS current Quarter (2026-09-30): EPS=1.97 | Chg30d=-5.59% | Revisions=-73% | Analysts=9
EPS current Year (2026-12-31): EPS=8.46 | Chg30d=+0.74% | Revisions=-75% | GrowthEPS=+51.5% | GrowthRev=+39.2%
EPS next Year (2027-12-31): EPS=9.36 | Chg30d=+1.58% | Revisions=-46% | GrowthEPS=+10.7% | GrowthRev=+16.5%
[Analyst] Revisions Ratio: -77% (up=2, down=25)