FNV

Franco-Nevada
D

FNV

Arincen62/100B

If you had invested in Franco-Nevada ago, it would be worth $4,807 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

62/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation3.3

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Franco-Nevada key facts

Style
Growth stock · 7.7/10Growth 7.7 · Value 1.8 · Dividend 2.8
Day range
247.100 – 251.790
52-week range
188.470 – 285.670
Market capitalization
47.75B USD
P/E
30.12
PEG ratio
1.32
EPS
8.22
Div Yield
0.71%
EPS growth forecast (FY2026)
+44.2%
Volume
4,103
Beta
0.93
ESG score
56.7/100Environment 56 · Social 52 · Governance 63
Sector
Basic Materials
Industry
Gold
CEO
Paul J. Brink
Employees
42
IPO date
3 Dec 2007

Franco-Nevada earnings

Latest results · Q3 FY2026
Reported EPS
1.89+6.78%
est. 1.77
Reported revenue
549.30M-3.37%
est. 568.44M
Next report · Q4 FY2026

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20262.00——+8.11%621.71M——+4.09%
Q3 FY20261.771.89+6.78%+32.17%568.44M549.30M-3.37%+12.63%
Q2 FY20261.951.81-7.18%+45.97%616.66M580.90M-5.80%+57.26%
Q1 FY20262.092.38+13.88%+122.43%634.43M650.70M+2.56%+76.63%
Q4 FY20251.681.85+10.12%+94.74%539.77M597.30M+10.66%+87.89%
Q3 FY20251.371.43+4.38%+78.75%536.02M487.70M-9.01%+76.90%
Q2 FY20251.101.24+12.73%+65.33%432.85M369.40M-14.66%+43.79%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Franco-Nevada analyst forecast

12-month price target
279.00 USD
+12.69%

Analysts' 1-year price targets range from 265.00 to 291.00, with an average of 279.00.

Past year
1-year forecast
Strong sellStrong buy
Buy
7 ratings
Buy
4
Hold
3
Sell
0

12-month price target

Highest target291.00
Average target279.00
Lowest target265.00
Current price247.59

Franco-Nevada valuation

Price to earnings ratio (TTM)
30.12
Forward P/E (FY2026)
30.71
Price to sales (TTM)
20.08
Price to book
5.43
EV / EBITDA (TTM)
20.18

Capital structure

Market capitalization
47.75B USD
+
Total debt
0.00 USD
−
Cash and short-term investments
1.23B USD
=
Enterprise value
46.52B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2027 (est.)28.01————
FY2026 (est.)30.7128.01———
Now (TTM)30.1228.3420.085.4320.18
FY202535.3125.6921.915.2422.94
FY202440.9721.7320.323.7721.40
FY2023-45.6035.9217.453.69-218.17
FY202238.8839.2319.864.0722.27
FY202135.8338.2520.334.3922.36

Franco-Nevada against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: AngloGold Ashanti, Royal Gold, Newmont, Coeur Mining, Aura Minerals, and SSR Mining, the US Gold companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years73.9%
    62.9%73.9%
    Against its peers: 1 of 7Peers' median 49.9%
  • Operating marginHighest in 5 years74.3%
    -35.1%74.3%
    Against its peers: 1 of 7Peers' median 46.9%
  • Net marginHighest in 5 years61.0%
    -38.3%61.0%
    Against its peers: 1 of 7Peers' median 27.5%
  • Return on equityHighest in 5 years14.6%
    -8.1%14.6%
    Against its peers: 4 of 7Peers' median 14.6%
  • Free cash flow marginLowest in 5 years-38.6%
    -38.6%65.2%
    Against its peers: 6 of 7Peers' median 23.1%
  • Revenue growthHighest in 5 years63.7%
    -8.6%63.7%
    Against its peers: 4 of 7Peers' median 60.8%
  • EPS growthAbove its median104.2%
    -169.2%111.1%
    Against its peers: 4 of 5Peers' median 123.4%
  • Debt to EBITDAHighest in 5 years0.00×
    0.00×0.00×
    Against its peers: 1 of 7Peers' median 0.53×
  • Current ratioLowest in 5 years8.30
    8.3041.21
    Against its peers: 1 of 7Peers' median 2.18

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Franco-Nevada growth and profitability

Revenue (TTM)
2.38B USD
Net income (TTM)
1.59B USD
Gross margin
78.43%
Operating margin
76.94%
Net margin
66.68%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20251.82B+63.69%1.11B+101.43%73.91%74.29%61.01%1.72B+74.16%
FY20241.11B-8.65%552.10M—68.18%65.08%49.58%989.30M—
FY20231.22B-7.35%-466.40M-166.57%62.89%-35.11%-38.26%-91.00M-108.13%
FY20221.32B+1.21%700.60M-4.51%64.80%62.32%53.25%1.12B-3.26%
FY20211.30B+27.43%733.70M+124.92%63.24%66.21%56.44%1.16B+99.29%

Franco-Nevada revenue breakdown

By product

FY2025
Mining: 33.9%Precious metals: 28.8%Gold: 23.7%Silver: 4.4%Energy: 3.8%Oil: 2.2%Gas: 1.2%Iron Ore: 0.8%Platinum-group metals: 0.7%Natural gas liquids: 0.4%Other mining commodities: 0.2%33.9%Mining28.8%Precious metals23.7%Gold4.4%Silver3.8%Energy2.2%Oil1.2%Gas
SegmentRevenueShare of revenueChange on the year
Mining1.82B33.9%+63.7%
Precious metals1.55B28.8%+81.6%
Gold1.28B23.7%+80.5%
Silver235.60M4.4%+100.0%
Energy203.80M3.8%+5.6%
Oil118.80M2.2%-7.6%
Gas65.40M1.2%+48.3%
Iron Ore43.70M0.8%-13.5%
Platinum-group metals37.30M0.7%+31.8%
Natural gas liquids19.60M0.4%-3.4%
Other mining commodities12.40M0.2%+51.2%

By region

FY2025
Peru: 21.1%Canada: 19.4%United States: 14.6%Chile: 13.8%Rest of World: 12.9%Brazil: 8.1%Other: 8.0%Panama: 2.1%21.1%Peru19.4%Canada14.6%United States13.8%Chile12.9%Rest of World8.1%Brazil8.0%Other2.1%Panama
RegionRevenueShare of revenueChange on the year
Peru384.40M21.1%+71.8%
Canada354.00M19.4%+83.6%
United States266.10M14.6%+29.8%
Chile251.60M13.8%+49.0%
Rest of World235.60M12.9%+31.9%
Brazil147.50M8.1%+182.6%
Other145.30M8.0%+57.4%
Panama38.30M2.1%+38,200.0%

How Franco-Nevada makes its money

Revenue1.82B 100.0%
Cost of revenue475.50M 26.1%
Gross profit1.35B 73.9%
Selling and administration46.40M 2.5%
Operating income1.35B 74.3%
Tax303.90M 16.7%
Net income1.11B 61.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Franco-Nevada dividends

Annual dividend
1.76 USD
Dividend yield (indicated)
0.71%
Payout ratio
26.03%
Years of dividend growth
11
Frequency
Quarterly
Next payment
0.44 USD
Next ex-dividend date
3 Dec 2026
Next payment date
17 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.521.441.361.281.161.030.990.950.910.87

Franco-Nevada financial health

Cash and short-term investments
1.23B USD
Total debt
0.00 USD
Net cash
1.23B USD
Free cash flow (TTM)
1.13B USD
Current ratio
11.49
Debt to equity
0.00
Piotroski score
7 / 9
Altman Z-score
39.83

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025907.47M8.58M-703.00M
FY20241.45B0.00421.50M
FY20231.42B0.00469.60M
FY20221.20B0.00858.00M
FY2021539.30M0.00194.90M

Franco-Nevada ownership

Institutions
71.88%
Institutional holders
695 (+27)
Free float
99.36%

Who owns the shares

Institutions 71.9% Others 28.1%
As of 30 Jun 2026

Shares free to trade

Free float 191.64M shares ·99.4% Closely held 1.24M shares ·0.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025192.70M193.00M+0.21%
FY2024192.40M192.60M+0.31%
FY2023192.00M192.00M+0.05%
FY2022191.50M191.90M+0.21%
FY2021191.10M191.50M+0.42%

Source: Financial Modeling Prep

Related Instruments

Title: Franco/Nevada Corp

Sector: Basic Materials
Industry: Gold
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. The company does not operate mines, develop projects, or conduct exploration. The company's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producingassets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project.

Common questions about Franco-Nevada stock