FNV - Franco-Nevada Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$279.00
DETAILS
HIGH:
$310.00
LOW:
$228.00
MEDIAN:
$290.50
CONSENSUS:
$279.00
UPSIDE:
23.35%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 1,822.8 | 1,113.6 | 1,219 | 1,315.7 | 1,300 | 1,020.2 | 844.1 | 653.2 | 675 | 610.2 | 443.6 | 442.4 | 400.9 | 427 | 411.2 | 227.2 | 199.7 | 151.0 | 3.3 |
| Cost of Revenue | 475.5 | 354.3 | 452.4 | 463.1 | 477.9 | 399.8 | 408 | 365.9 | 415 | 379.6 | 309.4 | 236 | 189.5 | 185.9 | 193.9 | 29.5 | 6.6 | 8.1 | 0.2 |
| Gross Profit | 1,347.3 | 759.3 | 766.6 | 852.6 | 822.1 | 620.4 | 436.1 | 287.3 | 260 | 230.6 | 134.2 | 206.4 | 211.4 | 241.1 | 217.3 | 197.7 | 193.1 | 142.9 | 3.1 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 | 3.4 | 2.7 | 2.2 | 3 | 2.6 | 2.6 | 2.5 | 2.2 | 1.4 | 0 |
| SG&A Expenses | 46.4 | 34.6 | 27.9 | 32.6 | 30.8 | 28.8 | 28.8 | 22.6 | 24.9 | 20.7 | 15.1 | 16.4 | 15.2 | 17.4 | 18 | 15.2 | 14.5 | 13.8 | 24.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 255.1 | (2.9) | 75.9 | (3.9) | 51.1 | 65.1 | 31.1 | 143.6 | 82.7 | 168.7 | 94.2 | 89.2 | 96.0 | 9.7 |
| Operating Expenses | 46.4 | 34.6 | 27.9 | 32.6 | 30.8 | 283.9 | 25.9 | 98.5 | 24.6 | 75.2 | 82.9 | 49.7 | 161.8 | 102.7 | 189.3 | 111.9 | 106.0 | 111.3 | 33.9 |
| Operating Income | |||||||||||||||||||
| Operating Income | 1,300.9 | 724.7 | 738.7 | 820 | 791.3 | 336.5 | 410.2 | 188.8 | 235.4 | 155.4 | 51.3 | 156.7 | 49.6 | 138.4 | 28 | 85.8 | 87.1 | 31.6 | (30.8) |
| Interest Expense | 3.2 | 2.5 | 3.0 | 3.1 | 3.6 | 3.7 | 10.8 | 4.4 | 3.5 | 3.6 | 2.7 | 1.5 | 1.8 | 1.1 | 2.2 | 2.4 | 1.9 | 1.5 | 3.1 |
| Interest Income | 28.7 | 57.7 | 53.3 | 12.1 | 3.7 | 3.9 | 3.6 | 2.9 | 5.6 | 3.5 | 4.9 | 3.7 | 3.4 | 9.6 | 4.2 | 4.0 | 2.1 | 4.6 | 0 |
| Profitability | |||||||||||||||||||
| EBITDA | 1,723 | 989.3 | (91) | 1,120 | 1,157.7 | 580.9 | 676.7 | 438.3 | 512.4 | 445.3 | 267.7 | 321.7 | 165.2 | 282.7 | 172 | 193.1 | 188.7 | 125.3 | (31.1) |
| EBIT | 1,416.3 | 764 | (364.1) | 833.8 | 858.1 | 339.9 | 413.5 | 190.6 | 239.4 | 171.5 | 51.4 | 158.6 | 35.9 | 156 | 41.4 | 104.5 | 99.8 | 37.8 | (33.5) |
| Income Before Tax | 1,416 | 763.9 | (364.2) | 833.7 | 857.8 | 339.5 | 405.9 | 189.1 | 236 | 167.9 | 48.5 | 157 | 34 | 154.9 | 39.1 | 102.2 | 98.6 | 36.0 | (33.6) |
| Income Tax Expense | 303.9 | 211.8 | 102.2 | 133.1 | 124.1 | 13.3 | 61.8 | 50.1 | 41.3 | 45.7 | 23.9 | 50.3 | 22.3 | 52.3 | 45.9 | 39.5 | 17.8 | (4.3) | (0.5) |
| Net Income | 1,112.1 | 552.1 | (466.4) | 700.6 | 733.7 | 326.2 | 344.1 | 139 | 194.7 | 122.2 | 24.6 | 106.7 | 11.7 | 102.6 | (6.8) | 62.7 | 80.9 | 40.3 | (33.1) |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 5.87 | 2.87 | -2.43 | 3.51 | 3.86 | 1.80 | 1.88 | 0.75 | 1.07 | 0.70 | 0.16 | 0.71 | 0.08 | 0.72 | -0.05 | 0.55 | 0.76 | 0.41 | -0.39 |
| EPS (Diluted) | 5.86 | 2.87 | -2.43 | 3.51 | 3.80 | 1.80 | 1.87 | 0.75 | 1.07 | 0.69 | 0.16 | 0.70 | 0.08 | 0.71 | -0.05 | 0.55 | 0.75 | 0.41 | -0.39 |
| Shares Outstanding | 192.7 | 192.4 | 192 | 191.5 | 191.1 | 190.3 | 187.7 | 185.2 | 182.0 | 174.3 | 156.1 | 149.8 | 146.1 | 142.4 | 124.8 | 113.4 | 106.2 | 97.5 | 85.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 433.1 | 1,451.3 | 1,421.9 | 1,196.5 | 539.3 | 534.2 | 132.1 | 69.7 | 511.1 | 253 | 122.6 | 73.2 |
| Short-Term Investments | 236.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 377.5 | 141.6 |
| Net Receivables | 256.6 | 157.7 | 111 | 135.7 | 159.5 | 93.4 | 97.8 | 75.5 | 65.9 | 71.1 | 26.8 | 22.9 |
| Inventory | 0.6 | 96.8 | 51.8 | 28.2 | 32.9 | 0.5 | 4.4 | 0 | 7.1 | 2.7 | 0 | 0 |
| Other Current Assets | 89.5 | 0.4 | 0.6 | 0.6 | 0.9 | 19.2 | 26.9 | 27.9 | 15.3 | 9.9 | 0 | 0 |
| Total Current Assets | 1,019.1 | 1,716.8 | 1,615.3 | 1,383.1 | 751.4 | 663.7 | 278.7 | 178.5 | 616.4 | 361.2 | 540.2 | 248.4 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 6,043.4 | 4,109.3 | 4,033.7 | 4,934.2 | 5,156.4 | 4,639.5 | 4,810 | 4,566.3 | 3,952.5 | 3,683 | 1,348.7 | 1,167.9 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1,139.2 | 324.8 | 246.4 | 224.6 | 235.1 | 195.6 | 145.6 | 136.7 | 203.1 | 147.4 | 106.6 | 68.7 |
| Other Non-Current Assets | 1.5 | 148.7 | 61.7 | 45 | 17.6 | 49 | 39.5 | 33 | 1.9 | 8.7 | 6.1 | 4.0 |
| Total Non-Current Assets | 7,207.3 | 4,613.6 | 4,378.8 | 5,243.7 | 5,458.5 | 4,929.2 | 5,001.9 | 4,753.3 | 4,172 | 3,860.4 | 1,480.7 | 1,255.4 |
| Total Assets | 8,226.4 | 6,330.4 | 5,994.1 | 6,626.8 | 6,209.9 | 5,592.9 | 5,280.6 | 4,931.8 | 4,788.4 | 4,221.6 | 2,020.9 | 1,503.8 |
| Current Liabilities | ||||||||||||
| Account Payables | 8.4 | 5.1 | 5.5 | 7 | 8.5 | 3.5 | 6.8 | 7.3 | 6.2 | 9.6 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 36.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.5 | 9.3 |
| Total Current Liabilities | 122.8 | 67.5 | 39.2 | 50.2 | 43.2 | 53.2 | 53.4 | 25 | 22.6 | 37.6 | 9.5 | 9.3 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 207.6 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 439.9 | 238 | 180.1 | 153 | 135.4 | 91.5 | 82.4 | 67.3 | 60.3 | 37.5 | 81.1 | 60.9 |
| Other Non-Current Liabilities | 33.7 | 28.3 | 5.7 | 6 | 6.1 | 4.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 482.2 | 266.3 | 185.8 | 159 | 141.5 | 95.9 | 165 | 274.9 | 60.3 | 37.5 | 81.1 | 60.9 |
| Total Liabilities | 605.0 | 333.8 | 225 | 209.2 | 184.7 | 149.1 | 218.4 | 299.9 | 82.9 | 75.1 | 90.6 | 70.2 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 5,792.8 | 5,769.1 | 5,728.2 | 5,695.3 | 5,628.5 | 5,580.1 | 5,390.7 | 5,158.3 | 5,107.8 | 4,666.2 | 0 | 0 |
| Retained Earnings | 1,377.3 | 486.5 | 212.3 | 940.4 | 484.9 | (34.4) | (164.4) | (321.7) | (310) | (336.8) | 38.1 | (14.5) |
| Accumulated Other Comprehensive Income | 429.7 | (282) | (192) | (233.7) | (104.3) | (115.9) | (178.3) | (220.3) | (106.5) | (224.5) | (8.8) | (127.7) |
| Total Stockholders' Equity | 7,621.4 | 5,996.6 | 5,769.1 | 6,417.6 | 6,025.2 | 5,443.8 | 5,062.2 | 4,631.9 | 4,705.5 | 4,146.5 | 1,930.3 | 1,433.6 |
| Total Liabilities & Equity | 8,226.4 | 6,330.4 | 5,994.1 | 6,626.8 | 6,209.9 | 5,592.9 | 5,280.6 | 4,931.8 | 4,788.4 | 4,221.6 | 2,020.9 | 1,503.8 |
| Debt Metrics | ||||||||||||
| Total Debt | 8.6 | 0 | 0 | 0 | 0 | 0 | 82.6 | 207.6 | 0 | 0 | 0 | 0 |
| Net Debt | (424.5) | (1,451.3) | (1,421.9) | (1,196.5) | (539.3) | (534.2) | (49.5) | 137.9 | (511.1) | (253) | (122.6) | (73.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,112.1 | 552.1 | (466.4) | 700.6 | 733.7 | 326.2 | 344.1 | 139 | 194.7 | 122.2 |
| Depreciation & Amortization | 306.7 | 225.3 | 273.1 | 286.2 | 299.6 | 241 | 263.2 | 247.7 | 273 | 273.8 |
| Stock-Based Compensation | 6.3 | 5.4 | 5.5 | 8.2 | 8 | 5.6 | 4.9 | 5.2 | 4.6 | 5 |
| Change in Working Capital | (31) | 21.4 | 6.1 | (10.9) | (30.3) | 1 | (13.8) | 4.4 | (7) | 6.3 |
| Other Non-Cash Items | (8.5) | (41) | 1,146.3 | (22) | (92.7) | 265.3 | (3.4) | 68.5 | 1.5 | 60.2 |
| Operating Cash Flow | 1,493.7 | 829.5 | 991.2 | 999.5 | 955.4 | 803.9 | 617.7 | 474.8 | 488.6 | 471 |
| Investing Activities | ||||||||||
| Capital Expenditure | (5.1) | (408) | (521.6) | (141.5) | (760.5) | (312.6) | (445.2) | (989.6) | (501.2) | (747.1) |
| Acquisitions | (2,191.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (744.8) |
| Purchases of Investments | (60.3) | (74.5) | (9.8) | (48.5) | (17.2) | 0 | (3.9) | 0 | (12.3) | (1.6) |
| Sales/Maturities of Investments | 224 | 23.3 | 2 | 1.8 | 12.7 | 3.6 | 13 | 0.9 | 12.6 | 28.6 |
| Other Investing Activities | 0 | (78.1) | (11.7) | 42.7 | 0 | 0 | 0 | 0 | 0 | 775.1 |
| Investing Cash Flow | (2,033) | (537.3) | (541.1) | (145.5) | (765) | (309) | (436.1) | (988.7) | (500.9) | (689.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (80) | (130) | 210 | 0 | (460) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (275.1) | (242.4) | (233) | (197.6) | (179.6) | (154.9) | (138.2) | (136.1) | (125.8) | (118.1) |
| Other Financing Activities | 0 | (0.7) | 2.9 | 8.6 | (0.6) | 7.4 | 12.4 | 3.7 | 365.5 | 16.3 |
| Financing Cash Flow | (267.4) | (240.4) | (230.1) | (189) | (180.2) | (91.8) | (119.8) | 77.6 | 239.7 | 321.7 |
| Cash Position | ||||||||||
| Net Change in Cash | (780.4) | 29.4 | 225.4 | 657.2 | 5.1 | 402.1 | 62.4 | (441.4) | 258.1 | 103.8 |
| Cash at Beginning | 1,451.3 | 1,421.9 | 1,196.5 | 539.3 | 534.2 | 132.1 | 69.7 | 511.1 | 253 | 149.2 |
| Cash at End | 670.9 | 1,451.3 | 1,421.9 | 1,196.5 | 539.3 | 534.2 | 132.1 | 69.7 | 511.1 | 253 |
| Free Cash Flow | 1,488.6 | 421.5 | 469.6 | 858 | 194.9 | 491.3 | 172.5 | (514.8) | (12.6) | (276.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 1,822.8 | 1,113.6 | 1,219 | 1,315.7 | 1,300 | 1,020.2 | 844.1 | 653.2 | 675 | 610.2 | 443.6 | 442.4 | 400.9 | 427 | 411.2 | 227.2 | 199.7 | 151.0 | 3.3 |
| Gross Profit | 1,347.3 | 759.3 | 766.6 | 852.6 | 822.1 | 620.4 | 436.1 | 287.3 | 260 | 230.6 | 134.2 | 206.4 | 211.4 | 241.1 | 217.3 | 197.7 | 193.1 | 142.9 | 3.1 |
| Operating Income | 1,300.9 | 724.7 | 738.7 | 820 | 791.3 | 336.5 | 410.2 | 188.8 | 235.4 | 155.4 | 51.3 | 156.7 | 49.6 | 138.4 | 28 | 85.8 | 87.1 | 31.6 | (30.8) |
| Net Income | 1,112.1 | 552.1 | (466.4) | 700.6 | 733.7 | 326.2 | 344.1 | 139 | 194.7 | 122.2 | 24.6 | 106.7 | 11.7 | 102.6 | (6.8) | 62.7 | 80.9 | 40.3 | (33.1) |
| EPS (Diluted) | 5.86 | 2.87 | -2.43 | 3.51 | 3.80 | 1.80 | 1.87 | 0.75 | 1.07 | 0.69 | 0.16 | 0.70 | 0.08 | 0.71 | -0.05 | 0.55 | 0.75 | 0.41 | -0.39 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 433.1 | 1,451.3 | 1,421.9 | 1,196.5 | 539.3 | 534.2 | 132.1 | 69.7 | 511.1 | 253 | 122.6 | 73.2 | |||||||
| Total Assets | 8,226.4 | 6,330.4 | 5,994.1 | 6,626.8 | 6,209.9 | 5,592.9 | 5,280.6 | 4,931.8 | 4,788.4 | 4,221.6 | 2,020.9 | 1,503.8 | |||||||
| Total Debt | 8.6 | 0 | 0 | 0 | 0 | 0 | 82.6 | 207.6 | 0 | 0 | 0 | 0 | |||||||
| Stockholders' Equity | 7,621.4 | 5,996.6 | 5,769.1 | 6,417.6 | 6,025.2 | 5,443.8 | 5,062.2 | 4,631.9 | 4,705.5 | 4,146.5 | 1,930.3 | 1,433.6 | |||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 1,493.7 | 829.5 | 991.2 | 999.5 | 955.4 | 803.9 | 617.7 | 474.8 | 488.6 | 471 | |||||||||
| Capital Expenditure | (5.1) | (408) | (521.6) | (141.5) | (760.5) | (312.6) | (445.2) | (989.6) | (501.2) | (747.1) | |||||||||
| Free Cash Flow | 1,488.6 | 421.5 | 469.6 | 858 | 194.9 | 491.3 | 172.5 | (514.8) | (12.6) | (276.1) | |||||||||