
Franco-Nevada (FNV) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
368.4M
Gross Profit
261.5M
70.98%
Operating Income
247.1M
67.07%
Net Income
209.8M
56.95%
EPS (Diluted)
$1.09
Balance Sheet Metrics
Total Assets
6.7B
Total Liabilities
360.9M
Shareholders Equity
6.3B
Debt to Equity
0.06
Cash Flow Metrics
Operating Cash Flow
294.9M
Free Cash Flow
-219.5M
Revenue & Profitability Trend
Franco-Nevada Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 1.1B | 1.2B | 1.3B | 1.3B | 1.0B |
Cost of Goods Sold | 354.3M | 452.4M | 463.1M | 477.9M | 399.8M |
Gross Profit | 759.3M | 766.6M | 852.6M | 822.1M | 620.4M |
Gross Margin % | 68.2% | 62.9% | 64.8% | 63.2% | 60.8% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 34.6M | 28.9M | 32.6M | 30.8M | 28.8M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 34.6M | 28.9M | 32.6M | 30.8M | 28.8M |
Operating Income | 724.7M | 737.7M | 820.0M | 791.3M | 591.6M |
Operating Margin % | 65.1% | 60.5% | 62.3% | 60.9% | 58.0% |
Non-Operating Items | |||||
Interest Income | 60.6M | 52.3M | 12.6M | 3.7M | 3.7M |
Interest Expense | 100.0K | 100.0K | 100.0K | 300.0K | 400.0K |
Other Non-Operating Income | -18.8M | -1.2B | 4.3M | 66.4M | -252.3M |
Pre-tax Income | 763.9M | -364.2M | 833.7M | 857.8M | 339.5M |
Income Tax | 211.8M | 102.2M | 133.1M | 124.1M | 13.3M |
Effective Tax Rate % | 27.7% | 0.0% | 16.0% | 14.5% | 3.9% |
Net Income | 552.1M | -466.4M | 700.6M | 733.7M | 326.2M |
Net Margin % | 49.6% | -38.3% | 53.2% | 56.4% | 32.0% |
Key Metrics | |||||
EBITDA | 1.0B | 1.1B | 1.1B | 1.1B | 833.2M |
EPS (Basic) | $2.87 | $-2.43 | $3.66 | $3.86 | $1.72 |
EPS (Diluted) | $2.87 | $-2.43 | $3.65 | $3.85 | $1.72 |
Basic Shares Outstanding | 192400000 | 192000000 | 191500000 | 190149234 | 189353214 |
Diluted Shares Outstanding | 192400000 | 192000000 | 191500000 | 190149234 | 189353214 |
Income Statement Trend
Franco-Nevada Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 1.5B | 1.4B | 1.2B | 539.3M | 534.2M |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 151.8M | 111.0M | 135.7M | 119.8M | 93.4M |
Inventory | 96.8M | 500.0K | 100.0K | 500.0K | 500.0K |
Other Current Assets | 400.0K | 51.9M | 28.7M | 33.3M | 19.2M |
Total Current Assets | 1.7B | 1.6B | 1.4B | 751.4M | 663.7M |
Non-Current Assets | |||||
Property, Plant & Equipment | 4.5M | 600.0K | 900.0K | 1.5M | 2.0M |
Goodwill | - | - | - | - | - |
Intangible Assets | - | - | - | - | - |
Long-term Investments | 700.0K | 8.1M | 2.6M | 800.0K | 5.7M |
Other Non-Current Assets | 32.2M | 38.1M | 41.4M | 50.6M | 46.4M |
Total Non-Current Assets | 4.6B | 4.4B | 5.2B | 5.5B | 4.9B |
Total Assets | 6.3B | 6.0B | 6.6B | 6.2B | 5.6B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 5.1M | 5.5M | 7.0M | 8.5M | 3.5M |
Short-term Debt | - | - | - | - | - |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | 67.5M | 39.2M | 50.2M | 43.2M | 53.2M |
Non-Current Liabilities | |||||
Long-term Debt | - | - | - | - | - |
Deferred Tax Liabilities | 238.0M | 180.1M | 153.0M | 135.4M | 91.5M |
Other Non-Current Liabilities | 8.5M | 5.7M | 6.0M | 6.1M | 4.4M |
Total Non-Current Liabilities | 266.3M | 185.8M | 159.0M | 141.5M | 95.9M |
Total Liabilities | 333.8M | 225.0M | 209.2M | 184.7M | 149.1M |
Equity | |||||
Common Stock | 5.8B | 5.7B | 5.7B | 5.6B | 5.6B |
Retained Earnings | 486.5M | 212.3M | 940.4M | 484.9M | -34.4M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 6.0B | 5.8B | 6.4B | 6.0B | 5.4B |
Key Metrics | |||||
Total Debt | 0 | 0 | 0 | 0 | 0 |
Working Capital | 1.6B | 1.6B | 1.3B | 708.2M | 610.5M |
Balance Sheet Composition
Franco-Nevada Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 552.1M | -466.4M | 700.6M | 733.7M | 326.2M |
Depreciation & Amortization | 225.3M | 273.1M | 286.2M | 299.6M | 241.0M |
Stock-Based Compensation | 5.4M | 5.5M | 8.2M | 8.0M | 5.6M |
Working Capital Changes | 21.4M | 14.1M | -7.7M | -27.9M | -400.0K |
Operating Cash Flow | 816.9M | -156.3M | 999.8M | 1.0B | 540.0M |
Investing Activities | |||||
Capital Expenditures | -396.8M | -514.6M | -141.5M | -760.5M | -312.6M |
Acquisitions | - | - | - | - | - |
Investment Purchases | -74.5M | -9.8M | -48.5M | -17.2M | 0 |
Investment Sales | 23.3M | 2.0M | 1.8M | 12.7M | 3.6M |
Investing Cash Flow | -537.3M | -541.1M | -145.5M | -765.0M | -309.0M |
Financing Activities | |||||
Share Repurchases | - | - | - | - | - |
Dividends Paid | -242.4M | -233.0M | -197.6M | -179.6M | -154.9M |
Debt Issuance | - | - | - | 150.0M | 0 |
Debt Repayment | - | - | 0 | -150.0M | -80.0M |
Financing Cash Flow | -243.2M | -233.0M | -198.5M | -180.6M | -99.2M |
Free Cash Flow | 421.5M | 469.6M | 858.0M | 194.9M | 491.3M |
Net Change in Cash | 36.4M | -930.4M | 655.8M | 78.7M | 131.8M |
Cash Flow Trend
Franco-Nevada Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
43.26
Forward P/E
43.36
Price to Book
5.14
Price to Sales
25.68
PEG Ratio
0.20
Profitability Ratios
Profit Margin
59.42%
Operating Margin
83.90%
Return on Equity
12.61%
Return on Assets
9.08%
Financial Health
Current Ratio
4.25
Debt to Equity
0.00
Beta
0.44
Per Share Data
EPS (TTM)
$4.07
Book Value per Share
$34.26
Revenue per Share
$6.86
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
fnv | 33.9B | 43.26 | 5.14 | 12.61% | 59.42% | 0.00 |
Newmont | 74.0B | 12.21 | 2.31 | 20.29% | 30.50% | 23.56 |
Agnico Eagle Mines | 67.0B | 22.68 | 2.97 | 13.92% | 30.63% | 3.26 |
Wheaton Precious | 42.8B | 54.22 | 5.54 | 10.60% | 47.46% | 0.11 |
Barnes | 40.9B | 15.08 | 1.65 | 12.15% | 19.99% | 14.15 |
Barrick Gold | 32.4B | 14.29 | 1.33 | 10.28% | 17.46% | 14.08 |
Financial data is updated regularly. All figures are in the company's reporting currency.