(FNV) Franco-Nevada - Overview

Sector: Basic Materials | Industry: Gold | Exchange: NYSE (USA) | Market Cap: 50.471m USD | Total Return: 56% in 12m

Gold, Silver, Platinum, Oil, Gas
Total Rating 59
Safety 63
Buy Signal 0.36
Gold
Industry Rotation: +5.3
Market Cap: 50.5B
Avg Turnover: 199M USD
ATR: 4.14%
Peers RS (IBD): 23.4
Risk 5d forecast
Volatility30.4%
Rel. Tail Risk2.15%
Reward TTM
Sharpe Ratio1.64
Alpha69.37
Character TTM
Beta0.312
Beta Downside0.882
Drawdowns 3y
Max DD34.78%
CAGR/Max DD0.58
EPS (Earnings per Share) EPS (Earnings per Share) of FNV over the last years for every Quarter: "2021-03": 0.84, "2021-06": 0.96, "2021-09": 0.87, "2021-12": 0.86, "2022-03": 0.93, "2022-06": 1.02, "2022-09": 0.83, "2022-12": 0.86, "2023-03": 0.79, "2023-06": 0.95, "2023-09": 0.91, "2023-12": 0.9, "2024-03": 0.76, "2024-06": 0.75, "2024-09": 0.8, "2024-12": 0.95, "2025-03": 1.07, "2025-06": 1.24, "2025-09": 1.43, "2025-12": 1.85, "2026-03": 0,
EPS CAGR: -48.76%
EPS Trend: 5.2%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of FNV over the last years for every Quarter: 2021-03: 310.804548, 2021-06: 344.353801, 2021-09: 314.841772, 2021-12: 326.297564, 2022-03: 342.4549, 2022-06: 349.298618, 2022-09: 287.864313, 2022-12: 320.884041, 2023-03: 276.3, 2023-06: 329.9, 2023-09: 309.5, 2023-12: 303.3, 2024-03: 256.8, 2024-06: 260.1, 2024-09: 275.7, 2024-12: 321, 2025-03: 368.4, 2025-06: 369.4, 2025-09: 487.7, 2025-12: 604.856666, 2026-03: null,
Rev. CAGR: 16.38%
Rev. Trend: 50.0%
Last SUE: 4.00
Qual. Beats: 2

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FNV Franco-Nevada

Franco-Nevada Corporation (FNV) is a Canadian company operating as a royalty and stream company, primarily focused on precious metals. This business model involves purchasing a percentage of future production or revenues from mining companies in exchange for an upfront payment, reducing direct operational risk.

FNVs operations span globally, including North and South America, Australia, and Europe. The company diversifies its portfolio across precious metals like gold, silver, and platinum group metals, and also holds interests in crude oil, natural gas, and natural gas liquids.

The company was founded in 1986 and is headquartered in Toronto, Canada. Investors can find further detailed financial analysis of FNV and its peers on ValueRay.

Headlines to Watch Out For
  • Gold and silver price fluctuations impact royalty revenue
  • Energy commodity prices influence stream earnings
  • Mine production levels directly affect royalty payments
  • Acquisition of new royalty and stream assets drives growth
Piotroski VR‑10 (Strict) 6.0
Net Income: 1.12b TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 11.44 > 1.0
NWC/Revenue: 48.97% < 20% (prev 148.1%; Δ -99.13% < -1%)
CFO/TA 0.18 > 3% & CFO 1.49b > Net Income 1.12b
Net Debt (-661.1m) to EBITDA (1.72b): -0.39 < 3
Current Ratio: 8.30 > 1.5 & < 3
Outstanding Shares: last quarter (192.8m) vs 12m ago 0.13% < -2%
Gross Margin: 73.91% > 18% (prev 0.68%; Δ 7.32k% > 0.5%)
Asset Turnover: 25.15% > 50% (prev 17.59%; Δ 7.56% > 0%)
Interest Coverage Ratio: 450.6 > 6 (EBITDA TTM 1.72b / Interest Expense TTM 3.12m)
Altman Z'' 10.00
A: 0.11 (Total Current Assets 1.02b - Total Current Liabilities 122.8m) / Total Assets 8.23b
B: 0.17 (Retained Earnings 1.38b / Total Assets 8.23b)
C: 0.19 (EBIT TTM 1.41b / Avg Total Assets 7.28b)
D: 12.56 (Book Value of Equity 7.60b / Total Liabilities 605.0m)
Altman-Z'' Score: 15.75 = AAA
Beneish M -2.23
DSRI: 0.99 (Receivables 256.6m/157.7m, Revenue 1.83b/1.11b)
GMI: 0.92 (GM 73.91% / 68.18%)
AQI: 1.78 (AQ_t 0.14 / AQ_t-1 0.08)
SGI: 1.64 (Revenue 1.83b / 1.11b)
TATA: -0.05 (NI 1.12b - CFO 1.49b) / TA 8.23b)
Beneish M-Score: -2.23 (Cap -4..+1) = BBB
What is the price of FNV shares? As of April 13, 2026, the stock is trading at USD 261.55 with a total of 479,577 shares traded.
Over the past week, the price has changed by +1.99%, over one month by -0.74%, over three months by +13.47% and over the past year by +55.98%.
Is FNV a buy, sell or hold? 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
What are the forecasts/targets for the FNV price?
Analysts Target Price 305.9 17%
Franco-Nevada (FNV) - Fundamental Data Overview as of 12 April 2026
P/E Trailing = 45.487
P/E Forward = 36.63
P/S = 27.9755
P/B = 6.3496
P/EG = 11.81
Revenue TTM = 1.83b USD
EBIT TTM = 1.41b USD
EBITDA TTM = 1.72b USD
 Long Term Debt = unknown (none)
 Short Term Debt = unknown (none)
 Debt = 8.58m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -661.1m USD (recalculated: Debt 8.58m - CCE 669.7m)
Enterprise Value = 49.81b USD (50.47b + Debt 8.58m - CCE 669.7m)
Interest Coverage Ratio = 450.6 (Ebit TTM 1.41b / Interest Expense TTM 3.12m)
EV/FCF = 33.46x (Enterprise Value 49.81b / FCF TTM 1.49b)
FCF Yield = 2.99% (FCF TTM 1.49b / Enterprise Value 49.81b)
FCF Margin = 81.33% (FCF TTM 1.49b / Revenue TTM 1.83b)
Net Margin = 61.07% (Net Income TTM 1.12b / Revenue TTM 1.83b)
Gross Margin = 73.91% ((Revenue TTM 1.83b - Cost of Revenue TTM 477.6m) / Revenue TTM)
Gross Margin QoQ = 77.02% (prev 72.48%)
Tobins Q-Ratio = 6.05 (Enterprise Value 49.81b / Total Assets 8.23b)
Interest Expense / Debt = 9.46% (Interest Expense 812k / Debt 8.58m)
Taxrate = 21.48% (102.1m / 475.5m)
NOPAT = 1.11b (EBIT 1.41b * (1 - 21.48%))
Current Ratio = 8.30 (Total Current Assets 1.02b / Total Current Liabilities 122.8m)
Debt / Equity = 0.00 (Debt 8.58m / totalStockholderEquity, last quarter 7.62b)
Debt / EBITDA = -0.39 (Net Debt -661.1m / EBITDA 1.72b)
Debt / FCF = -0.44 (Net Debt -661.1m / FCF TTM 1.49b)
Total Stockholder Equity = 6.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.36% (Net Income 1.12b / Total Assets 8.23b)
RoE = 16.25% (Net Income TTM 1.12b / Total Stockholder Equity 6.88b)
RoCE = 17.37% (EBIT 1.41b / Capital Employed (Total Assets 8.23b - Current Liab 122.8m))
RoIC = 16.06% (NOPAT 1.11b / Invested Capital 6.88b)
WACC = 7.08% (E(50.47b)/V(50.48b) * Re(7.08%) + D(8.58m)/V(50.48b) * Rd(9.46%) * (1-Tc(0.21)))
Discount Rate = 7.08% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 0.16%
[DCF] Terminal Value 75.13% ; FCFF base≈1.06b ; Y1≈697.1m ; Y5≈318.8m
[DCF] Fair Price = 42.89 (EV 7.61b - Net Debt -661.1m = Equity 8.27b / Shares 192.8m; r=7.08% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 5.17 | EPS CAGR: -48.76% | SUE: -4.0 | # QB: 0
Revenue Correlation: 49.96 | Revenue CAGR: 16.38% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-06-30): EPS=2.18 | Chg7d=-0.002 | Chg30d=-0.012 | Revisions Net=+1 | Analysts=6
EPS current Year (2026-12-31): EPS=8.69 | Chg7d=-0.191 | Chg30d=+0.378 | Revisions Net=+3 | Growth EPS=+55.7% | Growth Revenue=+52.1%
EPS next Year (2027-12-31): EPS=9.89 | Chg7d=+0.000 | Chg30d=+0.444 | Revisions Net=+2 | Growth EPS=+13.8% | Growth Revenue=+11.8%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.7% (Discount Rate 7.9% - Earnings Yield 2.2%)
[Growth] Growth Spread = +72.5% (Analyst 78.2% - Implied 5.7%)
External Resources
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