FNV Stock Analysis: Franco-Nevada | NYSE
Gold | NYSE, USA | Market Cap: 40.131m USD | 12M Return: 27.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 169M
EPS Trend: 77.1%
Qual. Beats: 6
Rev. Trend: 72.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 1.37b 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 69.85%; Δ 6.73% > 0.5%) |
| Asset Turnover: 27.20% > 50% (prev 18.41%; Δ 8.78% > 0%) |
| Interest Coverage Ratio: 541.8 > 6 (EBIT TTM 1.74b / 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: 11.73 (Book Value of Equity 8.13b / Total Liabilities 693.2m) |
| Altman-Z'' = 15.19 = AAA |
| DSRI: 0.95 (Receivables 281.2m/172.1m, Revenue 2.11b/1.23b) |
| GMI: 0.91 (GM 69.85% / 76.58%) |
| 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 = -2.39 (Cap -4..+1) = BBB |
As of July 14, 2026, the stock is trading at USD 200.49 with a total of 808,634 shares traded. Over the past week, the price has changed by -5.77%, over one month by -9.83%, over three months by -22.73% and over the past year by +27.45%.
Current recommended Stop Loss: 188.80 (which is 5.8% 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 | 290.1 | 44.7% |
P/E Trailing = 28.6625
P/E Forward = 23.6407
P/S = 19.2227
P/B = 4.845
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 = 39.4b USD (40.1b + Debt 11.2m - CCE 717.1m)
Interest Coverage Ratio = 541.8 (Ebit TTM 1.74b / Interest Expense TTM 3.21m)
EV/FCF = 22.18x (Enterprise Value 39.4b / FCF TTM 1.78b)
FCF Yield = 4.51% (FCF TTM 1.78b / Enterprise Value 39.4b)
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 = 4.47 (Enterprise Value 39.4b / Total Assets 8.83b)
Interest Expense / Debt = 28.74% (Interest Expense 3.21m / Debt 11.2m)
Taxrate = 21.27% (370.4m / 1.74b)
NOPAT = 1.37b (EBIT 1.74b * (1 - 21.27%))
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 = 16.06% (NOPAT 1.37b / Invested Capital 8.54b)
WACC = 7.55% (E(40.1b)/V(40.1b) * Re(7.55%) + D(11.2m)/V(40.1b) * Rd(28.74%) * (1-Tc(0.21)))
Discount Rate = 7.55% (= 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: 77.11 | EPS CAGR: 23.08% | SUE: 4.0 | # QB: 6
Revenue Correlation: 72.72 | Revenue CAGR: 18.04% | SUE: 0.50 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.09 | Chg30d=-0.30% | Revisions=+17% | Analysts=8
EPS next Quarter (2026-09-30): EPS=2.25 | Chg30d=-5.84% | Revisions=-17% | Analysts=7
EPS current Year (2026-12-31): EPS=8.92 | Chg30d=-0.86% | Revisions=+73% | GrowthEPS=+59.9% | GrowthRev=+47.2%
EPS next Year (2027-12-31): EPS=9.56 | Chg30d=-0.43% | Revisions=+30% | GrowthEPS=+7.2% | GrowthRev=+15.2%
[Analyst] Revisions Ratio: +46% (up=16, down=5)