(FNV) Franco-Nevada - Overview
Stock: Gold, Silver, Platinum, Oil, Gas
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.86% |
| Yield on Cost 5y | 1.68% |
| Yield CAGR 5y | 6.99% |
| Payout Consistency | 98.8% |
| Payout Ratio | 40.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 38.7% |
| Relative Tail Risk | 1.35% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.57 |
| Alpha | 57.48 |
| Character TTM | |
|---|---|
| Beta | 0.317 |
| Beta Downside | 0.096 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.78% |
| CAGR/Max DD | 0.60 |
Description: FNV Franco-Nevada January 28, 2026
Franco-Nevada Corporation (NYSE:FNV) is a Toronto-based royalty and streaming firm that monetizes precious-metal production across a global footprint-including South and Central America, Mexico, the United States, Canada, Australia, and Europe. It structures its business into three segments: Precious Metals (gold, silver, platinum-group metals), Other Mining, and Energy (crude oil, natural gas, and NGLs sold via a third-party marketer). Founded in 1986, the company does not operate mines directly but instead earns cash-flow rights from partner mining projects, providing exposure to commodity price movements while limiting operational risk.
As of the Q4 2025 earnings release, Franco-Nevada reported a net cash flow of $1.1 billion, a 12 % YoY increase driven primarily by higher gold royalty payments and a 9 % rise in dividend per share to $0.86 (yield ≈ 6.5 %). The royalty portfolio now covers ≈ 85 % of global gold production, with a weighted-average gold price exposure of $1,970 per ounce-well above the current spot price of $1,920 (average 2025). Key economic drivers include the ongoing low-real-interest-rate environment that supports gold’s safe-haven demand, and a modest rebound in platinum-group metal consumption linked to automotive catalyst recovery. Sector-wide, mining capex is projected to grow 4 % YoY in 2026, suggesting continued royalty-generation opportunities, while the energy segment contributed $45 million of cash flow, less than 5 % of total, reflecting its ancillary role.
For a deeper quantitative view of how FNV’s royalty structure fits into a broader investment thesis, consider exploring the analytics available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 919.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.11 > 0.02 and ΔFCF/TA -17.47 > 1.0 |
| NWC/Revenue: 27.47% < 20% (prev 135.5%; Δ -108.0% < -1%) |
| CFO/TA 0.17 > 3% & CFO 1.31b > Net Income 919.8m |
| Net Debt (-197.9m) to EBITDA (1.45b): -0.14 < 3 |
| Current Ratio: 4.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (193.0m) vs 12m ago 0.26% < -2% |
| Gross Margin: 72.00% > 18% (prev 0.66%; Δ 7134 % > 0.5%) |
| Asset Turnover: 22.40% > 50% (prev 17.40%; Δ 5.00% > 0%) |
| Interest Coverage Ratio: 391.3 > 6 (EBITDA TTM 1.45b / Interest Expense TTM 2.99m) |
Altman Z'' 10.00
| A: 0.06 (Total Current Assets 541.6m - Total Current Liabilities 116.8m) / Total Assets 7.51b |
| B: 0.14 (Retained Earnings 1.08b / Total Assets 7.51b) |
| C: 0.17 (EBIT TTM 1.17b / Avg Total Assets 6.90b) |
| D: 13.48 (Book Value of Equity 6.97b / Total Liabilities 517.1m) |
| Altman-Z'' Score: 16.14 = AAA |
Beneish M -2.38
| DSRI: 1.28 (Receivables 241.8m/133.9m, Revenue 1.55b/1.10b) |
| GMI: 0.92 (GM 72.00% / 65.88%) |
| AQI: 1.42 (AQ_t 0.12 / AQ_t-1 0.08) |
| SGI: 1.41 (Revenue 1.55b / 1.10b) |
| TATA: -0.05 (NI 919.8m - CFO 1.31b) / TA 7.51b) |
| Beneish M-Score: -2.38 (Cap -4..+1) = BBB |
What is the price of FNV shares?
Over the past week, the price has changed by -0.97%, over one month by +5.69%, over three months by +23.60% and over the past year by +65.16%.
Is FNV a buy, sell or hold?
- StrongBuy: 6
- Buy: 3
- Hold: 6
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FNV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 262.3 | 13% |
| Analysts Target Price | 262.3 | 13% |
| ValueRay Target Price | 271.9 | 17.2% |
FNV Fundamental Data Overview February 03, 2026
P/E Forward = 33.557
P/S = 29.6176
P/B = 7.2098
P/EG = 11.81
Revenue TTM = 1.55b USD
EBIT TTM = 1.17b USD
EBITDA TTM = 1.45b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 8.49m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -197.9m USD (from netDebt column, last quarter)
Enterprise Value = 45.13b USD (45.36b + Debt 8.49m - CCE 236.5m)
Interest Coverage Ratio = 391.3 (Ebit TTM 1.17b / Interest Expense TTM 2.99m)
EV/FCF = -52.70x (Enterprise Value 45.13b / FCF TTM -856.3m)
FCF Yield = -1.90% (FCF TTM -856.3m / Enterprise Value 45.13b)
FCF Margin = -55.37% (FCF TTM -856.3m / Revenue TTM 1.55b)
Net Margin = 59.48% (Net Income TTM 919.8m / Revenue TTM 1.55b)
Gross Margin = 72.00% ((Revenue TTM 1.55b - Cost of Revenue TTM 433.0m) / Revenue TTM)
Gross Margin QoQ = 72.48% (prev 73.61%)
Tobins Q-Ratio = 6.01 (Enterprise Value 45.13b / Total Assets 7.51b)
Interest Expense / Debt = 9.42% (Interest Expense 800.0k / Debt 8.49m)
Taxrate = 20.67% (74.9m / 362.4m)
NOPAT = 928.5m (EBIT 1.17b * (1 - 20.67%))
Current Ratio = 4.64 (Total Current Assets 541.6m / Total Current Liabilities 116.8m)
Debt / Equity = 0.00 (Debt 8.49m / totalStockholderEquity, last quarter 6.99b)
Debt / EBITDA = -0.14 (Net Debt -197.9m / EBITDA 1.45b)
Debt / FCF = 0.23 (negative FCF - burning cash) (Net Debt -197.9m / FCF TTM -856.3m)
Total Stockholder Equity = 6.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.32% (Net Income 919.8m / Total Assets 7.51b)
RoE = 14.21% (Net Income TTM 919.8m / Total Stockholder Equity 6.47b)
RoCE = 15.83% (EBIT 1.17b / Capital Employed (Total Assets 7.51b - Current Liab 116.8m))
RoIC = 14.35% (NOPAT 928.5m / Invested Capital 6.47b)
WACC = 7.08% (E(45.36b)/V(45.36b) * Re(7.08%) + D(8.49m)/V(45.36b) * Rd(9.42%) * (1-Tc(0.21)))
Discount Rate = 7.08% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.21%
Fair Price DCF = unknown (Cash Flow -856.3m)
EPS Correlation: -13.78 | EPS CAGR: -47.59% | SUE: -4.0 | # QB: 0
Revenue Correlation: 27.36 | Revenue CAGR: 11.31% | SUE: 1.45 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.89 | Chg30d=+0.193 | Revisions Net=+2 | Analysts=3
EPS next Year (2026-12-31): EPS=7.75 | Chg30d=+0.590 | Revisions Net=+2 | Growth EPS=+43.9% | Growth Revenue=+40.4%