# Franco-Nevada Corporation (FNV) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Basic Materials / Mining & Metals. Price $225.99, market value $43.6 billion.

## Valuation
- **P/E (trailing): 29.5×** (5-yr avg 36.6×, 3-yr avg 37.9×). Franco-Nevada Corporation trades at 29.5× trailing earnings, close to its own five-year average of 36.6×. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 25.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.24**. A PEG of 0.24 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 18.8×**. Each dollar of revenue is priced at 18.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 5.3×**. The shares trade at 5.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 20.3×**. Enterprise value is 20.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.2%** (5-yr avg 1.3%). Free cash flow equals 2.2% of the market value, above its five-year average of 1.3%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Gross margin: 77.3%**. Franco-Nevada Corporation keeps 77.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 75.2%**. 75.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 61.1%**. 61.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.8%**. 14.8% on shareholders' equity is solid.
- **Return on invested capital: 19.6%**. Return on all capital, debt included, is 19.6%: comfortably above what that capital costs.
- **Return on assets: 17.9%**. Each dollar of assets produces 17.9% of profit.

## Growth
- **Revenue growth (1 yr): 66.4%** (3-yr 12.1%/yr, 5-yr 12.7%/yr). Revenue grew 66.4% over the last year, against 12.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 104.2%** (3-yr 17.1%/yr, 5-yr 26.6%/yr). Earnings per share rose 104.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Franco-Nevada Corporation holds more cash than debt.
- **Interest coverage: 561.1×**. Operating profit covers interest 561.1× over, a safe margin.
- **Current ratio: 8.30** (quick 8.30). Current assets cover the next year's liabilities 8.30 times.
- **Altman Z-score: 45.41**. A Z-score of 45.41 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.78%** ($1.64 per share, trailing). Franco-Nevada Corporation yields 0.78%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%** (34% of free cash flow). 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 6.4%/yr** (1-yr -2.4%). The dividend has grown 6.4% a year over five years.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover Franco-Nevada Corporation; the consensus is buy, with an average price target of $282.36 (+25% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 23.3%** (YTD 11.0%, 3-mo 6.8%). The shares are up 23.3% over twelve months including dividends.
- **From 52-week high: -20.9%** (24.2% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 1.20** (volatility 39%). Beta of 1.20 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FNV · Page: https://foliofundamentals.com/stocks/fnv

Not investment advice.