Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum.
It is a $47.2B materials company. Revenue grew 63.7% over the last year, and it keeps 62¢ of every dollar of sales as profit. It trades at 31.3× earnings.
- Website
- franco-nevada.com
- Employees
- 44
- Sector
- Basic Materials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and health; Valuation lags behind.
Valuation27
- P/E vs own history66th pct · 5/25
- FCF yield1.9% · 5/25
- P/S20.0x · 5/25
- EV/EBITDA21.0x · 12/25
Growth64
- Revenue CAGR8.6% · 12/25
- Net income CAGR11.0% · 20/25
- EPS CAGR ~5Y10.7% · 20/25
- Fwd implied growth7.0% · 12/25
Profitability90
- ROIC15.4% · 20/25
- ROE19.1% · 20/25
- Net margin61.6% · 25/25
- Operating margin78.5% · 25/25
Health75
- Altman Z42.81 · 25/25
- Current ratio9.38 · 25/25
- Interest coverage1716.6x · 25/25
- Net cash / debtn/a · 0/25
Quality64
- Piotroski F7/9 · 22/25
- Beneish M-2.38 · 20/25
- FCF conversion83% · 22/25
- Margin stabilityσ 41.3% · 0/25
Moat56
- ROIC >12% years3/5 yrs · 13/25
- Median gross margin86.7% · 25/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst -38.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.11B net income
- FY2021FinancialFirst recorded profitable year$734M net income
- FY2021FinancialRevenue already above $1B$1.30B in first reported year
- 2007IPONewmont spun off Franco-Nevada in an initial public offering (IPO)
- 2002AcquisitionNewmont acquired 100% of Franco-Nevada as part of a three-way combination of Newmont, Normandy and Old…
- 1988AcquisitionFranco-Nevada purchased a royalty on the Castle Mountain mine in California
- 1986AcquisitionOld Franco-Nevada made its first royalty acquisition
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (77.3%)
- Strongly profitable — 61.6% net margin
- Revenue growing 63.7% year over year
- Strong cash conversion — FCF is 51.0% of revenue
- Interest covered 1716.6× by operating earnings
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+63.7% YoY
- Profitable — makes more than it spends$1.11B FY2025
- Profit growing — earnings are higher than last year+16.4% YoY
- Generates cash — cash left after running and investing$919M FY2025
- Debt under control — could handle its obligationscurrent ratio 9.38
- Established company — not a micro-cap — lower blow-up risk$47.2B market cap
- Not printing shares — share count not ballooning — you keep your slice+0.8% shares over ~5y
- Proven track record — years of profitability behind it4/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 42.8 — safe
- Pays a dividend — returns cash to shareholdersyield 0.65%
- Valuation not extreme — price not wildly above earningsP/E 31.3
Peer comparisonFranco-Nevada Corporation vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FNV this company | $47.2B | 31.3 | +63.7% | 61.6% | Strong |
| LIN Linde plc Ordinary Share | $223.2B | 30.8 | +6.6% | 20.4% | Solid |
| SCCO Southern Copper Corporation | $176.8B | 31.2 | +32.8% | 35.9% | Strong |
| NEM Newmont Corporation | $124.2B | 14.4 | +25.2% | 33.4% | Strong |
| FCX Freeport-McMoran Inc. | $105.8B | 35.9 | +0.2% | 11.4% | Strong |
| AEM Agnico Eagle Mines Ltd. | $95.8B | 15.9 | +43.7% | 37.5% | Strong |
| B Barrick Mining Corporation | $67.5B | 10.1 | +9.2% | 31.6% | Strong |
Head-to-head: FNV vs LIN · FNV vs SCCO · FNV vs NEM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FNV
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Deeper analysis of FNV on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $244.85 · market cap $47.2B.