View ValuationFranco-Nevada 将来の成長Future 基準チェック /36Franco-Nevada利益と収益がそれぞれ年間19.3%と17%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17.3% 20.1%なると予測されています。主要情報19.3%収益成長率20.07%EPS成長率Metals and Mining 収益成長14.2%収益成長率17.0%将来の株主資本利益率17.26%アナリストカバレッジGood最終更新日02 May 2026今後の成長に関する最新情報お知らせ • Mar 11Franco-Nevada Corporation Provides Earnings Guidance for the Full Year of 2026Franco-Nevada Corporation provided earnings guidance for the full year of 2026 . For the year, the company expects Precious Metal GEO sales of 360,000 GEOs to 400,000 GEOs. Total GEO sales of 510,000 to 570,000 GEOs. 2026 diversified revenue to be in range of $245 Million to $285 million.Price Target Changed • Feb 13Price target increased by 7.4% to US$276Up from US$257, the current price target is an average from 10 analysts. New target price is 9.6% above last closing price of US$252. Stock is up 82% over the past year. The company is forecast to post earnings per share of US$5.36 for next year compared to US$2.87 last year.Price Target Changed • Jan 30Price target increased by 7.8% to US$262Up from US$243, the current price target is an average from 9 analysts. New target price is 12% above last closing price of US$234. Stock is up 72% over the past year. The company is forecast to post earnings per share of US$5.35 for next year compared to US$2.87 last year.Price Target Changed • Oct 16Price target increased by 7.7% to US$219Up from US$203, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$215. Stock is up 69% over the past year. The company is forecast to post earnings per share of US$5.05 for next year compared to US$2.87 last year.Price Target Changed • Apr 21Price target increased by 7.5% to US$178Up from US$166, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$171. Stock is up 45% over the past year. The company is forecast to post earnings per share of US$4.30 for next year compared to US$2.87 last year.お知らせ • Mar 10Franco-Nevada Corporation Provides Revenue Guidance for the Full Year of 2025Franco-Nevada Corporation provided revenue guidance for the full year of 2025. For the year, the company expects Precious Metal GEO sales of 385,000 to 425,000 GEOs. Total GEO sales of 465,000 to 525,000 GEOs. 2025 revenue to be more than 25% higher than in 2024.すべての更新を表示Recent updatesお知らせ • Apr 22Franco-Nevada Corporation to Report Q1, 2026 Results on May 12, 2026Franco-Nevada Corporation announced that they will report Q1, 2026 results at 5:00 PM, US Eastern Standard Time on May 12, 2026Recent Insider Transactions • Mar 30President recently sold US$1.5m worth of stockOn the 25th of March, Paul Brink sold around 7k shares on-market at roughly US$234 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months.Seeking Alpha • Mar 18Franco-Nevada: The Golden 'Toll Booth'Summary Franco-Nevada had a record year in 2025, reporting 90%+ cash margins (nearly a 1,000 basis point improvement from 2019 levels), and enjoyed incredibly low cash costs of ~$325/oz. The company's record results were achieved despite minimal contribution from Cobre Panama and achieved with gold ($3,453/oz), silver (~$40/oz), and oil (~$64/barrel) prices well below current levels. In this update we'll dig into Franco-Nevada's full-year results, recent developments, and why it continues to be a premier way to add gold exposure to one's portfolio on sharp pullbacks. Read the full article on Seeking AlphaReported Earnings • Mar 11Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$5.77 (up from US$2.87 in FY 2024). Revenue: US$1.82b (up 65% from FY 2024). Net income: US$1.11b (up 101% from FY 2024). Profit margin: 61% (up from 50% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 11Franco-Nevada Corporation Provides Earnings Guidance for the Full Year of 2026Franco-Nevada Corporation provided earnings guidance for the full year of 2026 . For the year, the company expects Precious Metal GEO sales of 360,000 GEOs to 400,000 GEOs. Total GEO sales of 510,000 to 570,000 GEOs. 2026 diversified revenue to be in range of $245 Million to $285 million.Upcoming Dividend • Mar 05Upcoming dividend of US$0.44 per shareEligible shareholders must have bought the stock before 12 March 2026. Payment date: 26 March 2026. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (1.4%).お知らせ • Feb 17Franco-Nevada Corporation, Annual General Meeting, May 12, 2026Franco-Nevada Corporation, Annual General Meeting, May 12, 2026. Location: ontario, toronto CanadaBuy Or Sell Opportunity • Feb 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to US$252. The fair value is estimated to be US$209, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.Price Target Changed • Feb 13Price target increased by 7.4% to US$276Up from US$257, the current price target is an average from 10 analysts. New target price is 9.6% above last closing price of US$252. Stock is up 82% over the past year. The company is forecast to post earnings per share of US$5.36 for next year compared to US$2.87 last year.Price Target Changed • Jan 30Price target increased by 7.8% to US$262Up from US$243, the current price target is an average from 9 analysts. New target price is 12% above last closing price of US$234. Stock is up 72% over the past year. The company is forecast to post earnings per share of US$5.35 for next year compared to US$2.87 last year.お知らせ • Jan 29Franco-Nevada Corporation to Report Fiscal Year 2025 Results on Mar 10, 2026Franco-Nevada Corporation announced that they will report fiscal year 2025 results After-Market on Mar 10, 2026Declared Dividend • Jan 28Third quarter dividend increased to US$0.44Dividend of US$0.44 is 16% higher than last year. Ex-date: 12th March 2026 Payment date: 26th March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%.お知らせ • Jan 26+ 1 more updateFranco-Nevada Corporation Declares A Quarterly Dividend, Payable on March 26, 2026Franco-Nevada Corporation raised its quarterly dividend and declared a quarterly dividend of USD 0.44 per share payable on March 26, 2026 to shareholders of record on March 12, 2026 (the 'Record Date'). This increased quarterly dividend is intended to be applied to all four quarters for the full 2026 fiscal year. This is an approximate 16% increase from the previous USD 0.38 per share quarterly dividend and marks the 19th consecutive annual increase for Franco-Nevada shareholders.Upcoming Dividend • Nov 27Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 04 December 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.7%).Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$1.49 (up from US$0.79 in 3Q 2024). Revenue: US$487.7m (up 79% from 3Q 2024). Net income: US$287.5m (up 88% from 3Q 2024). Profit margin: 59% (up from 56% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Nov 04+ 2 more updatesFranco-Nevada Corporation Declares Quarterly Dividend, Payable on December 18, 2025Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of USD 0.38 per share. The dividend will be paid on December 18, 2025, to shareholders of record on December 4, 2025 (the Record Date).Buy Or Sell Opportunity • Oct 28Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to US$187. The fair value is estimated to be US$154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Price Target Changed • Oct 16Price target increased by 7.7% to US$219Up from US$203, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$215. Stock is up 69% over the past year. The company is forecast to post earnings per share of US$5.05 for next year compared to US$2.87 last year.お知らせ • Oct 07Franco-Nevada Corporation to Report Q3, 2025 Results on Nov 03, 2025Franco-Nevada Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025Buy Or Sell Opportunity • Sep 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to US$218. The fair value is estimated to be US$180, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Recent Insider Transactions • Sep 19Non-Executive Chair recently sold US$3.0m worth of stockOn the 17th of September, David Harquail sold around 15k shares on-market at roughly US$202 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by US$4.2m.Upcoming Dividend • Sep 04Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 11 September 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.7%).Buy Or Sell Opportunity • Aug 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to US$185. The fair value is estimated to be US$154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 46% in the next 2 years.Declared Dividend • Aug 13Second quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 11th September 2025 Payment date: 25th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Aug 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 12Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: US$1.28 (up from US$0.41 in 2Q 2024). Revenue: US$365.9m (up 42% from 2Q 2024). Net income: US$247.1m (up 211% from 2Q 2024). Profit margin: 68% (up from 31% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Aug 12Franco-Nevada Corporation Declares Quarterly Dividend, Payable on September 25, 2025Franco-Nevada Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.38 per share. The dividend will be paid on September 25, 2025, to shareholders of record on September 11, 2025 (the "Record Date").お知らせ • Jul 11Franco-Nevada Corporation to Report Q2, 2025 Results on Aug 11, 2025Franco-Nevada Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 11, 2025New Risk • Jun 25New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jun 05Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 12 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.8%).New Risk • May 23New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (US$1.5m sold).Buy Or Sell Opportunity • May 23Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$168. The fair value is estimated to be US$137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in a year. Earnings are forecast to grow by 35% in the next year.Declared Dividend • May 12First quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 12th June 2025 Payment date: 26th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (165% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$1.09 (up from US$0.75 in 1Q 2024). Revenue: US$368.4m (up 44% from 1Q 2024). Net income: US$209.8m (up 45% from 1Q 2024). Profit margin: 57% (in line with 1Q 2024). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Price Target Changed • Apr 21Price target increased by 7.5% to US$178Up from US$166, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$171. Stock is up 45% over the past year. The company is forecast to post earnings per share of US$4.30 for next year compared to US$2.87 last year.Seeking Alpha • Apr 16Franco-Nevada: Optionality Today, Windfalls TomorrowSummary Franco-Nevada's diversified portfolio of high-quality assets makes it an attractive long-term holding, in my view. Despite recent setbacks, such as the Cobre Panama mine closure, Franco-Nevada's management remains optimistic about future growth and asset optionality. Franco-Nevada's valuation warrants a premium to peers, in my opinion, but I recommend waiting for a better entry point to initiate a position in this high-quality business. Read the full article on Seeking Alphaお知らせ • Apr 15Franco-Nevada Corporation to Report Q1, 2025 Results on May 08, 2025Franco-Nevada Corporation announced that they will report Q1, 2025 results at 5:30 PM, US Eastern Standard Time on May 08, 2025Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$169, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 14x in the Metals and Mining industry in the US. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$142 per share.Seeking Alpha • Mar 28Franco-Nevada: Disappointed At Last After 3 Years Of HoldingSummary I rate Franco-Nevada Corporation as a sell due to underperformance compared to the broader market and gold futures. My proprietary rating system scored FNV at 60/100%, mainly due to weak growth indicators. FNV's management shows inefficiency with low ROIC and stagnant EPS growth, despite having substantial cash reserves and a high net margin. The potential decline in gold prices and FNV's overvaluation at $157 per share, 22% above my fair value estimate, further justifies my sell rating. Read the full article on Seeking AlphaRecent Insider Transactions • Mar 16Non-Executive Chair recently sold US$1.2m worth of stockOn the 12th of March, David Harquail sold around 8k shares on-market at roughly US$148 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.Reported Earnings • Mar 10Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.87 (up from US$2.43 loss in FY 2023). Revenue: US$1.11b (down 8.5% from FY 2023). Net income: US$552.1m (up US$1.02b from FY 2023). Profit margin: 50% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Mar 10Franco-Nevada Corporation Provides Revenue Guidance for the Full Year of 2025Franco-Nevada Corporation provided revenue guidance for the full year of 2025. For the year, the company expects Precious Metal GEO sales of 385,000 to 425,000 GEOs. Total GEO sales of 465,000 to 525,000 GEOs. 2025 revenue to be more than 25% higher than in 2024.Upcoming Dividend • Mar 06Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 13 March 2025. Payment date: 27 March 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.2%).Seeking Alpha • Feb 19Franco-Nevada: The Cobre Panama Uncertainty (Rating Downgrade)Summary Franco-Nevada's investment in Cobre Panama, a major revenue source, faces uncertainty due to legal issues, impacting stock performance despite rising gold prices. The company's business model involves funding mine operators in exchange for royalties or streaming deals, offering a low-risk, high-return investment. Despite setbacks, Franco-Nevada's lack of leverage and diversified portfolio ensure resilience, continuing investments, and dividend increases. Potential solution for Cobre Panama - expected to be addressed in fist half of 2025 - presents important upside as peers have increased 30-50% following gold price rally. Read the full article on Seeking Alphaお知らせ • Feb 11Franco-Nevada Corporation, Annual General Meeting, May 08, 2025Franco-Nevada Corporation, Annual General Meeting, May 08, 2025. Location: ontario, toronto CanadaDeclared Dividend • Feb 02Third quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 13th March 2025 Payment date: 27th March 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.お知らせ • Jan 30Franco-Nevada Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025Franco-Nevada Corporation announced that they will report fiscal year 2024 results Pre-Market on Mar 10, 2025お知らせ • Jan 08Franco-Nevada Appoints Daniel Malchuk as DirectorFranco-Nevada announced that Daniel Malchuk has joined its board of directors, effective January 8, 2024. Mr. Malchuk brings over 30 years of strategic, operational and financial experience in the natural resource industry to the board. He currently serves as a director of SSR Mining Inc. and also serves as Senior Advisor with Appian Capital Advisory LLP and chairman of Jetti Resources LLC. Previously, Mr. Malchuk held various leadership positions with BHP Group Ltd. until his retirement in 2020 including President Operations, Minerals Americas, President of Copper, President of Aluminum, Manganese, and Nickel, President, Minerals Exploration and Vice President, Strategy and Development. Mr. Malchuk holds a Civil Industrial Engineer degree from Universidad de Chile and an MBA from University of California at Los Angeles (UCLA) Anderson School of Management.Buy Or Sell Opportunity • Jan 08Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 3.6% to US$127. The fair value is estimated to be US$103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making.Seeking Alpha • Dec 30TOP 5 Mining Stocks To Watch In 2025: No.5 - Franco-NevadaSummary Franco-Nevada underperformed its peers heavily over the last 14 months, due to the Cobre Panama mine suspension. The restart of the mine should boost its share price by at least 25-30. The recent deals should add immediate cash flows, moreover, Franco-Nevada has over $1.8 billion left for further acquisitions. There are very good longer-term growth prospects. If everything goes well, Franco-Nevada may reach attributable production of nearly 800,000 toz by 2028. Read the full article on Seeking AlphaSeeking Alpha • Dec 09Franco-Nevada: Five Reasons We Bought A Gold Position With A YieldSummary Franco Nevada is the class act that every investor should have on their watch list. Their ability to identify and buy royalty assets at the right time is unmatched. We have concerns about the Gold price today. But we still had five good reasons to buy Franco Nevada. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Dec 09Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at US$121. The fair value is estimated to be US$153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • Nov 29Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 05 December 2024. Payment date: 19 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.9%).Declared Dividend • Nov 10Third quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 5th December 2024 Payment date: 19th December 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.79 (down from US$0.91 in 3Q 2023). Revenue: US$275.7m (down 11% from 3Q 2023). Net income: US$152.7m (down 13% from 3Q 2023). Profit margin: 55% (down from 57% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Oct 18Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 6.1% to US$132. The fair value is estimated to be US$107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Meanwhile, the company became loss making.Seeking Alpha • Sep 26Franco-Nevada: Punished Too MuchSummary Franco-Nevada Corporation (FNV) is a leading gold royalty/streaming company with a proven track record that is being punished for short-term headwinds. The closure of the Cobre Panama mine has significantly impacted FNV's performance, but it will likely restart in the future, potentially with higher metals prices. FNV's diversified portfolio, including exposure to oil, gas, and platinum group metals, positions it well for future recovery and growth as market conditions stabilize. With FNV trading at a historical discount and potential upside from Cobre Panama's restart, the stock offers a compelling investment opportunity with moderate growth and high safety. Read the full article on Seeking AlphaUpcoming Dividend • Sep 05Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 12 September 2024. Payment date: 26 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.9%).Declared Dividend • Aug 16Second quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 12th September 2024 Payment date: 26th September 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.41 (down from US$0.96 in 2Q 2023). Revenue: US$260.1m (down 21% from 2Q 2023). Net income: US$79.5m (down 57% from 2Q 2023). Profit margin: 31% (down from 56% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Seeking Alpha • Aug 11Franco-Nevada: Not Much Upside Going Into 2Q Of 2024Summary The author recommends a price target of $130/share for the Canadian ticker and advises consulting a finance professional before investing. Franco-Nevada remains the author's preferred gold investment, but the current valuation is too high. The company has strong fundamentals, no debt, and ample cash, making it an attractive investment at the right price. Read the full article on Seeking Alphaお知らせ • Jul 17Franco-Nevada Corporation to Report Q2, 2024 Results on Aug 13, 2024Franco-Nevada Corporation announced that they will report Q2, 2024 results After-Market on Aug 13, 2024Seeking Alpha • Jun 11Franco-Nevada: Why I Disagree With Wall StreetSummary Franco-Nevada Corporation stock is highly rated by Wall Street analysts with a buy rating. Gold prices have risen, but Franco-Nevada stock has not performed well compared to gold prices or gold miners as a group. The company's unique business model shields it from rising operating expenses. But the model also creates its own risks, with the ongoing situation surrounding its partner First Quantum Minerals as a notable example. Read the full article on Seeking AlphaUpcoming Dividend • Jun 06Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 27 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.2%).Board Change • May 05High number of new directorsIndependent Director Hugo Dryland was the last director to join the board, commencing their role in the last week.Reported Earnings • May 02First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$0.75 (down from US$0.82 in 1Q 2023). Revenue: US$256.8m (down 6.9% from 1Q 2023). Net income: US$144.5m (down 7.7% from 1Q 2023). Profit margin: 56% (in line with 1Q 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Apr 19Franco-Nevada Corporation to Report Q1, 2024 Results on May 01, 2024Franco-Nevada Corporation announced that they will report Q1, 2024 results After-Market on May 01, 2024Seeking Alpha • Mar 24Franco-Nevada: Forget Volatile Miners - This Is How To Win With GoldSummary Gold prices are reaching new highs, driven by demand from China and global geopolitical risks. Franco-Nevada Corporation offers a unique business model as a gold streaming and royalty company, providing stable income and insulation from operating costs. FNV has a diversified portfolio of assets, a debt-free balance sheet, and a consistent dividend track record, making it an attractive investment opportunity. Read the full article on Seeking AlphaReported Earnings • Mar 06Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$2.43 loss per share (down from US$3.66 profit in FY 2022). Revenue: US$1.22b (down 7.2% from FY 2022). Net loss: US$466.4m (down 167% from profit in FY 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 06Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.5%).Buy Or Sell Opportunity • Mar 01Now 22% overvaluedOver the last 90 days, the stock has fallen 5.5% to US$107. The fair value is estimated to be US$87.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 4.2% in the next 2 years.Seeking Alpha • Feb 28Franco-Nevada: Now Priced To Buy? (Rating Upgrade)Summary Franco-Nevada Corporation's stock valuation has declined by 24% since January 2023, making it a more attractive investment opportunity. The company's largest investment, the Cobre Panama project, is facing legal and operational challenges, but the mine's importance to Panama's economy suggests a potential resolution. Franco-Nevada's current valuation metrics, including its P/E ratio and EV/EBITDA ratio, make it an attractive investment compared to its peers in the royalty company sector. Read the full article on Seeking Alphaお知らせ • Feb 11Franco-Nevada Corporation, Annual General Meeting, May 01, 2024Franco-Nevada Corporation, Annual General Meeting, May 01, 2024.New Risk • Feb 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Declared Dividend • Feb 02Third quarter dividend increased to US$0.36Dividend of US$0.36 is 5.9% higher than last year. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.お知らせ • Feb 01Franco-Nevada Corporation Declares Quarterly Dividend, Payable on March 28, 2024Franco-Nevada Corporation announced that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of USD 0.36 per share payable on March 28, 2024 to shareholders of record on March 14, 2024 (the “Record Date”). The increased dividend will be effective for the full 2024 fiscal year. This is a 5.88% increase from the previous USD 0.34 per share quarterly dividend and marks the 17th consecutive annual increase for Franco-Nevada shareholders.お知らせ • Jan 31Franco-Nevada Corporation to Report Fiscal Year 2023 Results on Mar 05, 2024Franco-Nevada Corporation announced that they will report fiscal year 2023 results After-Market on Mar 05, 2024Seeking Alpha • Jan 02Franco-Nevada: Crisis Begets OpportunitySummary Franco-Nevada has lost about one-quarter of its M&I royalty ounces following the closure of its Cobre Panama mine. The current share price is pricing in a total loss of the asset. The expected recovery value is non-zero. Investors are getting the rare opportunity of buying arguably the best gold company in the world at a good price, plus a free option on the resolution of Cobre Panama's situation, just as gold appears ready to rally. Read the full article on Seeking AlphaUpcoming Dividend • Nov 29Upcoming dividend of US$0.34 per share at 1.2% yieldEligible shareholders must have bought the stock before 06 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (2.9%).Seeking Alpha • Nov 20Franco-Nevada: Valuation Starting To ImproveSummary Franco-Nevada had a softer Q3 with higher production at Cobre Panama, Tasiast and Antapaccay offset by a much weaker quarter for its diversified segment. Unfortunately, the Q4 outlook isn't much better with oil and natural gas trending lower and added uncertainty at its largest contributor, Cobre Panama. In this update, we'll dig into FNV's Q3 results, whether the Cobre Panama uncertainty is priced in, and where the stock's updated low-risk buy zone lies. Read the full article on Seeking Alphaお知らせ • Nov 10Franco-Nevada Corporation Declares Quarterly Dividend, Payable on December 21, 2023Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of USD 0.34 per share. The dividend will be paid on December 21, 2023, to shareholders of record on December 7, 2023.Reported Earnings • Nov 10Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.91 (up from US$0.82 in 3Q 2022). Revenue: US$309.5m (up 1.9% from 3Q 2022). Net income: US$175.1m (up 12% from 3Q 2022). Profit margin: 57% (up from 52% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Oct 11Franco-Nevada Corporation to Report Q3, 2023 Results on Nov 08, 2023Franco-Nevada Corporation announced that they will report Q3, 2023 results After-Market on Nov 08, 2023Seeking Alpha • Sep 21Franco-Nevada: Dividends Look Anemic Considering Cash And Solid Free Cash FlowSummary Franco-Nevada Corporation released its Q2 2023 results, with adjusted earnings of $0.95 per share and $329.9 million in revenue. The company saw a decline in revenue due to lower commodity prices for its energy assets, offset by higher revenues from precious metal assets. Franco-Nevada has a solid balance sheet with no debt and a cash position of $1,295.1 million, but the company's dividend is too low. I recommend buying FNV stock between $142 and $140 with potential lower support at $138. Read the full article on Seeking AlphaUpcoming Dividend • Sep 06Upcoming dividend of US$0.34 per share at 1.0% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.6%).Seeking Alpha • Aug 14Franco-Nevada Corporation: A Softer Q2 Due To Lapping Tough CompsSummary Franco-Nevada Gold's Q2 results were softer than some might have hoped with lower revenue and GEO sales, suggesting a likely miss on its FY2023 guidance midpoint. The main culprit for the softness was Franco-Nevada's energy segment, which saw a major decline in revenue due to weaker energy prices despite the one-time benefit of catch-up payments. In this update, we'll look at whether the stock offering enough margin of safety given relatively low growth rates, and how it's positioned after lapping tough Q2 2022 comps. Read the full article on Seeking Alphaお知らせ • Aug 10Franco-Nevada Corporation Declares Quarterly Dividend, Payable on September 28, 2023Franco-Nevada Corporation announced that its Board of Directors has declared a quarterly dividend of $0.34 per share. The dividend will be paid on September 28, 2023 to shareholders of record on September 14, 2023.Reported Earnings • Aug 09Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2023 results: EPS: US$0.96 (down from US$1.03 in 2Q 2022). Revenue: US$329.9m (down 6.3% from 2Q 2022). Net income: US$184.5m (down 6.1% from 2Q 2022). Profit margin: 56% (in line with 2Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Jul 08Franco-Nevada Corporation to Report Q2, 2023 Results on Aug 08, 2023Franco-Nevada Corporation announced that they will report Q2, 2023 results After-Market on Aug 08, 2023Seeking Alpha • Jun 07Franco-Nevada: A Commodity Weighted Portfolio Of These Smaller Royalty Companies Is 50% CheaperSummary Franco-Nevada trades at around a medium-term 2.8% earnings yield which is expensive compared to other precious metal royalty companies. This is especially true, given that its energy and iron ore assets accounted for around a third of its earnings in 2022. A portfolio of Osisko Gold Royalties, Labrador Iron Ore Royalty Corporation, and Freehold Royalties trades at around twice the earnings yield. The companies in this portfolio all own long-life assets of at least equivalent quality to Franco-Nevada’s assets. Therefore, it makes more sense to own a commodity-weighted portfolio of these companies as it sells at a 50% discount to Franco-Nevada. Read the full article on Seeking AlphaUpcoming Dividend • Jun 07Upcoming dividend of US$0.34 per share at 0.9% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Honorary Director David Peterson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Honorary Director David Peterson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 03First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: US$0.82 (down from US$0.95 in 1Q 2022). Revenue: US$276.3m (down 18% from 1Q 2022). Net income: US$156.5m (down 14% from 1Q 2022). Profit margin: 57% (up from 54% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Mar 24Non-Executive Chair recently sold US$391k worth of stockOn the 20th of March, David Harquail sold around 3k shares on-market at roughly US$145 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by US$6.5m.Reported Earnings • Mar 16Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$3.66 (down from US$3.84 in FY 2021). Revenue: US$1.32b (up 1.4% from FY 2021). Net income: US$700.6m (down 4.5% from FY 2021). Profit margin: 53% (down from 56% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.業績と収益の成長予測NYSE:FNV - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282,8312,0402,3442,325212/31/20273,0492,0872,3472,535612/31/20262,7621,8692,0022,167612/31/20251,8041,112-7031,494N/A9/30/20251,531920-8561,310N/A6/30/20251,321785-9381,176N/A3/31/20251,212617177940N/A12/31/20241,102552433830N/A9/30/20241,087-606393870N/A6/30/20241,124-583490892N/A3/31/20241,196-478405960N/A12/31/20231,217-466477991N/A9/30/20231,234681432987N/A6/30/20231,229663591983N/A3/31/20231,251675738979N/A12/31/20221,3147018581,000N/A9/30/20221,321757964999N/A6/30/20221,333765934974N/A3/31/20221,328744389962N/A12/31/20211,298734195955N/A9/30/20211,27469043923N/A6/30/20211,238677-80928N/A3/31/20211,086597364833N/A12/31/20201,017326491804N/A9/30/2020971263560742N/A6/30/2020927211313700N/A3/31/2020902180247669N/A12/31/2019842344173618N/A9/30/2019732200N/A531N/A6/30/2019667150N/A489N/A3/31/2019657140N/A481N/A12/31/2018651139N/A475N/A9/30/2018670214N/A503N/A6/30/2018671222N/A491N/A3/31/2018673214N/A506N/A12/31/2017673195N/A489N/A9/30/2017663147N/A484N/A6/30/2017663141N/A490N/A3/31/2017650138N/A467N/A12/31/2016610122N/A471N/A9/30/201657395N/A434N/A6/30/201650556N/A412N/A3/31/201646435N/A369N/A12/31/201544125N/A314N/A9/30/201544457N/A301N/A6/30/201544875N/A283N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: FNVの予測収益成長率 (年間19.3% ) は 貯蓄率 ( 3.5% ) を上回っています。収益対市場: FNVの収益 ( 19.3% ) はUS市場 ( 16.4% ) よりも速いペースで成長すると予測されています。高成長収益: FNVの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: FNVの収益 ( 17% ) US市場 ( 11.4% ) よりも速いペースで成長すると予測されています。高い収益成長: FNVの収益 ( 17% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: FNVの 自己資本利益率 は、3年後には低くなると予測されています ( 17.3 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 10:29終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Franco-Nevada Corporation 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。31 アナリスト機関Harriet LiAccountability Research CorporationFarooq HamedBarclaysMatthew MurphyBMO Capital Markets Equity Research28 その他のアナリストを表示
お知らせ • Mar 11Franco-Nevada Corporation Provides Earnings Guidance for the Full Year of 2026Franco-Nevada Corporation provided earnings guidance for the full year of 2026 . For the year, the company expects Precious Metal GEO sales of 360,000 GEOs to 400,000 GEOs. Total GEO sales of 510,000 to 570,000 GEOs. 2026 diversified revenue to be in range of $245 Million to $285 million.
Price Target Changed • Feb 13Price target increased by 7.4% to US$276Up from US$257, the current price target is an average from 10 analysts. New target price is 9.6% above last closing price of US$252. Stock is up 82% over the past year. The company is forecast to post earnings per share of US$5.36 for next year compared to US$2.87 last year.
Price Target Changed • Jan 30Price target increased by 7.8% to US$262Up from US$243, the current price target is an average from 9 analysts. New target price is 12% above last closing price of US$234. Stock is up 72% over the past year. The company is forecast to post earnings per share of US$5.35 for next year compared to US$2.87 last year.
Price Target Changed • Oct 16Price target increased by 7.7% to US$219Up from US$203, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$215. Stock is up 69% over the past year. The company is forecast to post earnings per share of US$5.05 for next year compared to US$2.87 last year.
Price Target Changed • Apr 21Price target increased by 7.5% to US$178Up from US$166, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$171. Stock is up 45% over the past year. The company is forecast to post earnings per share of US$4.30 for next year compared to US$2.87 last year.
お知らせ • Mar 10Franco-Nevada Corporation Provides Revenue Guidance for the Full Year of 2025Franco-Nevada Corporation provided revenue guidance for the full year of 2025. For the year, the company expects Precious Metal GEO sales of 385,000 to 425,000 GEOs. Total GEO sales of 465,000 to 525,000 GEOs. 2025 revenue to be more than 25% higher than in 2024.
お知らせ • Apr 22Franco-Nevada Corporation to Report Q1, 2026 Results on May 12, 2026Franco-Nevada Corporation announced that they will report Q1, 2026 results at 5:00 PM, US Eastern Standard Time on May 12, 2026
Recent Insider Transactions • Mar 30President recently sold US$1.5m worth of stockOn the 25th of March, Paul Brink sold around 7k shares on-market at roughly US$234 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months.
Seeking Alpha • Mar 18Franco-Nevada: The Golden 'Toll Booth'Summary Franco-Nevada had a record year in 2025, reporting 90%+ cash margins (nearly a 1,000 basis point improvement from 2019 levels), and enjoyed incredibly low cash costs of ~$325/oz. The company's record results were achieved despite minimal contribution from Cobre Panama and achieved with gold ($3,453/oz), silver (~$40/oz), and oil (~$64/barrel) prices well below current levels. In this update we'll dig into Franco-Nevada's full-year results, recent developments, and why it continues to be a premier way to add gold exposure to one's portfolio on sharp pullbacks. Read the full article on Seeking Alpha
Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$5.77 (up from US$2.87 in FY 2024). Revenue: US$1.82b (up 65% from FY 2024). Net income: US$1.11b (up 101% from FY 2024). Profit margin: 61% (up from 50% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 11Franco-Nevada Corporation Provides Earnings Guidance for the Full Year of 2026Franco-Nevada Corporation provided earnings guidance for the full year of 2026 . For the year, the company expects Precious Metal GEO sales of 360,000 GEOs to 400,000 GEOs. Total GEO sales of 510,000 to 570,000 GEOs. 2026 diversified revenue to be in range of $245 Million to $285 million.
Upcoming Dividend • Mar 05Upcoming dividend of US$0.44 per shareEligible shareholders must have bought the stock before 12 March 2026. Payment date: 26 March 2026. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (1.4%).
お知らせ • Feb 17Franco-Nevada Corporation, Annual General Meeting, May 12, 2026Franco-Nevada Corporation, Annual General Meeting, May 12, 2026. Location: ontario, toronto Canada
Buy Or Sell Opportunity • Feb 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to US$252. The fair value is estimated to be US$209, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
Price Target Changed • Feb 13Price target increased by 7.4% to US$276Up from US$257, the current price target is an average from 10 analysts. New target price is 9.6% above last closing price of US$252. Stock is up 82% over the past year. The company is forecast to post earnings per share of US$5.36 for next year compared to US$2.87 last year.
Price Target Changed • Jan 30Price target increased by 7.8% to US$262Up from US$243, the current price target is an average from 9 analysts. New target price is 12% above last closing price of US$234. Stock is up 72% over the past year. The company is forecast to post earnings per share of US$5.35 for next year compared to US$2.87 last year.
お知らせ • Jan 29Franco-Nevada Corporation to Report Fiscal Year 2025 Results on Mar 10, 2026Franco-Nevada Corporation announced that they will report fiscal year 2025 results After-Market on Mar 10, 2026
Declared Dividend • Jan 28Third quarter dividend increased to US$0.44Dividend of US$0.44 is 16% higher than last year. Ex-date: 12th March 2026 Payment date: 26th March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%.
お知らせ • Jan 26+ 1 more updateFranco-Nevada Corporation Declares A Quarterly Dividend, Payable on March 26, 2026Franco-Nevada Corporation raised its quarterly dividend and declared a quarterly dividend of USD 0.44 per share payable on March 26, 2026 to shareholders of record on March 12, 2026 (the 'Record Date'). This increased quarterly dividend is intended to be applied to all four quarters for the full 2026 fiscal year. This is an approximate 16% increase from the previous USD 0.38 per share quarterly dividend and marks the 19th consecutive annual increase for Franco-Nevada shareholders.
Upcoming Dividend • Nov 27Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 04 December 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.7%).
Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$1.49 (up from US$0.79 in 3Q 2024). Revenue: US$487.7m (up 79% from 3Q 2024). Net income: US$287.5m (up 88% from 3Q 2024). Profit margin: 59% (up from 56% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Nov 04+ 2 more updatesFranco-Nevada Corporation Declares Quarterly Dividend, Payable on December 18, 2025Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of USD 0.38 per share. The dividend will be paid on December 18, 2025, to shareholders of record on December 4, 2025 (the Record Date).
Buy Or Sell Opportunity • Oct 28Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to US$187. The fair value is estimated to be US$154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Price Target Changed • Oct 16Price target increased by 7.7% to US$219Up from US$203, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$215. Stock is up 69% over the past year. The company is forecast to post earnings per share of US$5.05 for next year compared to US$2.87 last year.
お知らせ • Oct 07Franco-Nevada Corporation to Report Q3, 2025 Results on Nov 03, 2025Franco-Nevada Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025
Buy Or Sell Opportunity • Sep 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to US$218. The fair value is estimated to be US$180, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Recent Insider Transactions • Sep 19Non-Executive Chair recently sold US$3.0m worth of stockOn the 17th of September, David Harquail sold around 15k shares on-market at roughly US$202 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by US$4.2m.
Upcoming Dividend • Sep 04Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 11 September 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.7%).
Buy Or Sell Opportunity • Aug 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to US$185. The fair value is estimated to be US$154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 46% in the next 2 years.
Declared Dividend • Aug 13Second quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 11th September 2025 Payment date: 25th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Aug 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 12Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: US$1.28 (up from US$0.41 in 2Q 2024). Revenue: US$365.9m (up 42% from 2Q 2024). Net income: US$247.1m (up 211% from 2Q 2024). Profit margin: 68% (up from 31% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Aug 12Franco-Nevada Corporation Declares Quarterly Dividend, Payable on September 25, 2025Franco-Nevada Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.38 per share. The dividend will be paid on September 25, 2025, to shareholders of record on September 11, 2025 (the "Record Date").
お知らせ • Jul 11Franco-Nevada Corporation to Report Q2, 2025 Results on Aug 11, 2025Franco-Nevada Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 11, 2025
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jun 05Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 12 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.8%).
New Risk • May 23New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (US$1.5m sold).
Buy Or Sell Opportunity • May 23Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$168. The fair value is estimated to be US$137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in a year. Earnings are forecast to grow by 35% in the next year.
Declared Dividend • May 12First quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 12th June 2025 Payment date: 26th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (165% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$1.09 (up from US$0.75 in 1Q 2024). Revenue: US$368.4m (up 44% from 1Q 2024). Net income: US$209.8m (up 45% from 1Q 2024). Profit margin: 57% (in line with 1Q 2024). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 21Price target increased by 7.5% to US$178Up from US$166, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of US$171. Stock is up 45% over the past year. The company is forecast to post earnings per share of US$4.30 for next year compared to US$2.87 last year.
Seeking Alpha • Apr 16Franco-Nevada: Optionality Today, Windfalls TomorrowSummary Franco-Nevada's diversified portfolio of high-quality assets makes it an attractive long-term holding, in my view. Despite recent setbacks, such as the Cobre Panama mine closure, Franco-Nevada's management remains optimistic about future growth and asset optionality. Franco-Nevada's valuation warrants a premium to peers, in my opinion, but I recommend waiting for a better entry point to initiate a position in this high-quality business. Read the full article on Seeking Alpha
お知らせ • Apr 15Franco-Nevada Corporation to Report Q1, 2025 Results on May 08, 2025Franco-Nevada Corporation announced that they will report Q1, 2025 results at 5:30 PM, US Eastern Standard Time on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$169, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 14x in the Metals and Mining industry in the US. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$142 per share.
Seeking Alpha • Mar 28Franco-Nevada: Disappointed At Last After 3 Years Of HoldingSummary I rate Franco-Nevada Corporation as a sell due to underperformance compared to the broader market and gold futures. My proprietary rating system scored FNV at 60/100%, mainly due to weak growth indicators. FNV's management shows inefficiency with low ROIC and stagnant EPS growth, despite having substantial cash reserves and a high net margin. The potential decline in gold prices and FNV's overvaluation at $157 per share, 22% above my fair value estimate, further justifies my sell rating. Read the full article on Seeking Alpha
Recent Insider Transactions • Mar 16Non-Executive Chair recently sold US$1.2m worth of stockOn the 12th of March, David Harquail sold around 8k shares on-market at roughly US$148 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.
Reported Earnings • Mar 10Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.87 (up from US$2.43 loss in FY 2023). Revenue: US$1.11b (down 8.5% from FY 2023). Net income: US$552.1m (up US$1.02b from FY 2023). Profit margin: 50% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 10Franco-Nevada Corporation Provides Revenue Guidance for the Full Year of 2025Franco-Nevada Corporation provided revenue guidance for the full year of 2025. For the year, the company expects Precious Metal GEO sales of 385,000 to 425,000 GEOs. Total GEO sales of 465,000 to 525,000 GEOs. 2025 revenue to be more than 25% higher than in 2024.
Upcoming Dividend • Mar 06Upcoming dividend of US$0.38 per shareEligible shareholders must have bought the stock before 13 March 2025. Payment date: 27 March 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.2%).
Seeking Alpha • Feb 19Franco-Nevada: The Cobre Panama Uncertainty (Rating Downgrade)Summary Franco-Nevada's investment in Cobre Panama, a major revenue source, faces uncertainty due to legal issues, impacting stock performance despite rising gold prices. The company's business model involves funding mine operators in exchange for royalties or streaming deals, offering a low-risk, high-return investment. Despite setbacks, Franco-Nevada's lack of leverage and diversified portfolio ensure resilience, continuing investments, and dividend increases. Potential solution for Cobre Panama - expected to be addressed in fist half of 2025 - presents important upside as peers have increased 30-50% following gold price rally. Read the full article on Seeking Alpha
お知らせ • Feb 11Franco-Nevada Corporation, Annual General Meeting, May 08, 2025Franco-Nevada Corporation, Annual General Meeting, May 08, 2025. Location: ontario, toronto Canada
Declared Dividend • Feb 02Third quarter dividend of US$0.38 announcedShareholders will receive a dividend of US$0.38. Ex-date: 13th March 2025 Payment date: 27th March 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
お知らせ • Jan 30Franco-Nevada Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025Franco-Nevada Corporation announced that they will report fiscal year 2024 results Pre-Market on Mar 10, 2025
お知らせ • Jan 08Franco-Nevada Appoints Daniel Malchuk as DirectorFranco-Nevada announced that Daniel Malchuk has joined its board of directors, effective January 8, 2024. Mr. Malchuk brings over 30 years of strategic, operational and financial experience in the natural resource industry to the board. He currently serves as a director of SSR Mining Inc. and also serves as Senior Advisor with Appian Capital Advisory LLP and chairman of Jetti Resources LLC. Previously, Mr. Malchuk held various leadership positions with BHP Group Ltd. until his retirement in 2020 including President Operations, Minerals Americas, President of Copper, President of Aluminum, Manganese, and Nickel, President, Minerals Exploration and Vice President, Strategy and Development. Mr. Malchuk holds a Civil Industrial Engineer degree from Universidad de Chile and an MBA from University of California at Los Angeles (UCLA) Anderson School of Management.
Buy Or Sell Opportunity • Jan 08Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 3.6% to US$127. The fair value is estimated to be US$103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making.
Seeking Alpha • Dec 30TOP 5 Mining Stocks To Watch In 2025: No.5 - Franco-NevadaSummary Franco-Nevada underperformed its peers heavily over the last 14 months, due to the Cobre Panama mine suspension. The restart of the mine should boost its share price by at least 25-30. The recent deals should add immediate cash flows, moreover, Franco-Nevada has over $1.8 billion left for further acquisitions. There are very good longer-term growth prospects. If everything goes well, Franco-Nevada may reach attributable production of nearly 800,000 toz by 2028. Read the full article on Seeking Alpha
Seeking Alpha • Dec 09Franco-Nevada: Five Reasons We Bought A Gold Position With A YieldSummary Franco Nevada is the class act that every investor should have on their watch list. Their ability to identify and buy royalty assets at the right time is unmatched. We have concerns about the Gold price today. But we still had five good reasons to buy Franco Nevada. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Dec 09Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at US$121. The fair value is estimated to be US$153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Nov 29Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 05 December 2024. Payment date: 19 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.9%).
Declared Dividend • Nov 10Third quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 5th December 2024 Payment date: 19th December 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.79 (down from US$0.91 in 3Q 2023). Revenue: US$275.7m (down 11% from 3Q 2023). Net income: US$152.7m (down 13% from 3Q 2023). Profit margin: 55% (down from 57% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Oct 18Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 6.1% to US$132. The fair value is estimated to be US$107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Meanwhile, the company became loss making.
Seeking Alpha • Sep 26Franco-Nevada: Punished Too MuchSummary Franco-Nevada Corporation (FNV) is a leading gold royalty/streaming company with a proven track record that is being punished for short-term headwinds. The closure of the Cobre Panama mine has significantly impacted FNV's performance, but it will likely restart in the future, potentially with higher metals prices. FNV's diversified portfolio, including exposure to oil, gas, and platinum group metals, positions it well for future recovery and growth as market conditions stabilize. With FNV trading at a historical discount and potential upside from Cobre Panama's restart, the stock offers a compelling investment opportunity with moderate growth and high safety. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 05Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 12 September 2024. Payment date: 26 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.9%).
Declared Dividend • Aug 16Second quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 12th September 2024 Payment date: 26th September 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.41 (down from US$0.96 in 2Q 2023). Revenue: US$260.1m (down 21% from 2Q 2023). Net income: US$79.5m (down 57% from 2Q 2023). Profit margin: 31% (down from 56% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Seeking Alpha • Aug 11Franco-Nevada: Not Much Upside Going Into 2Q Of 2024Summary The author recommends a price target of $130/share for the Canadian ticker and advises consulting a finance professional before investing. Franco-Nevada remains the author's preferred gold investment, but the current valuation is too high. The company has strong fundamentals, no debt, and ample cash, making it an attractive investment at the right price. Read the full article on Seeking Alpha
お知らせ • Jul 17Franco-Nevada Corporation to Report Q2, 2024 Results on Aug 13, 2024Franco-Nevada Corporation announced that they will report Q2, 2024 results After-Market on Aug 13, 2024
Seeking Alpha • Jun 11Franco-Nevada: Why I Disagree With Wall StreetSummary Franco-Nevada Corporation stock is highly rated by Wall Street analysts with a buy rating. Gold prices have risen, but Franco-Nevada stock has not performed well compared to gold prices or gold miners as a group. The company's unique business model shields it from rising operating expenses. But the model also creates its own risks, with the ongoing situation surrounding its partner First Quantum Minerals as a notable example. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 06Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 27 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.2%).
Board Change • May 05High number of new directorsIndependent Director Hugo Dryland was the last director to join the board, commencing their role in the last week.
Reported Earnings • May 02First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$0.75 (down from US$0.82 in 1Q 2023). Revenue: US$256.8m (down 6.9% from 1Q 2023). Net income: US$144.5m (down 7.7% from 1Q 2023). Profit margin: 56% (in line with 1Q 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 19Franco-Nevada Corporation to Report Q1, 2024 Results on May 01, 2024Franco-Nevada Corporation announced that they will report Q1, 2024 results After-Market on May 01, 2024
Seeking Alpha • Mar 24Franco-Nevada: Forget Volatile Miners - This Is How To Win With GoldSummary Gold prices are reaching new highs, driven by demand from China and global geopolitical risks. Franco-Nevada Corporation offers a unique business model as a gold streaming and royalty company, providing stable income and insulation from operating costs. FNV has a diversified portfolio of assets, a debt-free balance sheet, and a consistent dividend track record, making it an attractive investment opportunity. Read the full article on Seeking Alpha
Reported Earnings • Mar 06Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$2.43 loss per share (down from US$3.66 profit in FY 2022). Revenue: US$1.22b (down 7.2% from FY 2022). Net loss: US$466.4m (down 167% from profit in FY 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 06Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.5%).
Buy Or Sell Opportunity • Mar 01Now 22% overvaluedOver the last 90 days, the stock has fallen 5.5% to US$107. The fair value is estimated to be US$87.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to decline by 4.2% in the next 2 years.
Seeking Alpha • Feb 28Franco-Nevada: Now Priced To Buy? (Rating Upgrade)Summary Franco-Nevada Corporation's stock valuation has declined by 24% since January 2023, making it a more attractive investment opportunity. The company's largest investment, the Cobre Panama project, is facing legal and operational challenges, but the mine's importance to Panama's economy suggests a potential resolution. Franco-Nevada's current valuation metrics, including its P/E ratio and EV/EBITDA ratio, make it an attractive investment compared to its peers in the royalty company sector. Read the full article on Seeking Alpha
お知らせ • Feb 11Franco-Nevada Corporation, Annual General Meeting, May 01, 2024Franco-Nevada Corporation, Annual General Meeting, May 01, 2024.
New Risk • Feb 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Declared Dividend • Feb 02Third quarter dividend increased to US$0.36Dividend of US$0.36 is 5.9% higher than last year. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.
お知らせ • Feb 01Franco-Nevada Corporation Declares Quarterly Dividend, Payable on March 28, 2024Franco-Nevada Corporation announced that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of USD 0.36 per share payable on March 28, 2024 to shareholders of record on March 14, 2024 (the “Record Date”). The increased dividend will be effective for the full 2024 fiscal year. This is a 5.88% increase from the previous USD 0.34 per share quarterly dividend and marks the 17th consecutive annual increase for Franco-Nevada shareholders.
お知らせ • Jan 31Franco-Nevada Corporation to Report Fiscal Year 2023 Results on Mar 05, 2024Franco-Nevada Corporation announced that they will report fiscal year 2023 results After-Market on Mar 05, 2024
Seeking Alpha • Jan 02Franco-Nevada: Crisis Begets OpportunitySummary Franco-Nevada has lost about one-quarter of its M&I royalty ounces following the closure of its Cobre Panama mine. The current share price is pricing in a total loss of the asset. The expected recovery value is non-zero. Investors are getting the rare opportunity of buying arguably the best gold company in the world at a good price, plus a free option on the resolution of Cobre Panama's situation, just as gold appears ready to rally. Read the full article on Seeking Alpha
Upcoming Dividend • Nov 29Upcoming dividend of US$0.34 per share at 1.2% yieldEligible shareholders must have bought the stock before 06 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (2.9%).
Seeking Alpha • Nov 20Franco-Nevada: Valuation Starting To ImproveSummary Franco-Nevada had a softer Q3 with higher production at Cobre Panama, Tasiast and Antapaccay offset by a much weaker quarter for its diversified segment. Unfortunately, the Q4 outlook isn't much better with oil and natural gas trending lower and added uncertainty at its largest contributor, Cobre Panama. In this update, we'll dig into FNV's Q3 results, whether the Cobre Panama uncertainty is priced in, and where the stock's updated low-risk buy zone lies. Read the full article on Seeking Alpha
お知らせ • Nov 10Franco-Nevada Corporation Declares Quarterly Dividend, Payable on December 21, 2023Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of USD 0.34 per share. The dividend will be paid on December 21, 2023, to shareholders of record on December 7, 2023.
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.91 (up from US$0.82 in 3Q 2022). Revenue: US$309.5m (up 1.9% from 3Q 2022). Net income: US$175.1m (up 12% from 3Q 2022). Profit margin: 57% (up from 52% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Oct 11Franco-Nevada Corporation to Report Q3, 2023 Results on Nov 08, 2023Franco-Nevada Corporation announced that they will report Q3, 2023 results After-Market on Nov 08, 2023
Seeking Alpha • Sep 21Franco-Nevada: Dividends Look Anemic Considering Cash And Solid Free Cash FlowSummary Franco-Nevada Corporation released its Q2 2023 results, with adjusted earnings of $0.95 per share and $329.9 million in revenue. The company saw a decline in revenue due to lower commodity prices for its energy assets, offset by higher revenues from precious metal assets. Franco-Nevada has a solid balance sheet with no debt and a cash position of $1,295.1 million, but the company's dividend is too low. I recommend buying FNV stock between $142 and $140 with potential lower support at $138. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 06Upcoming dividend of US$0.34 per share at 1.0% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.6%).
Seeking Alpha • Aug 14Franco-Nevada Corporation: A Softer Q2 Due To Lapping Tough CompsSummary Franco-Nevada Gold's Q2 results were softer than some might have hoped with lower revenue and GEO sales, suggesting a likely miss on its FY2023 guidance midpoint. The main culprit for the softness was Franco-Nevada's energy segment, which saw a major decline in revenue due to weaker energy prices despite the one-time benefit of catch-up payments. In this update, we'll look at whether the stock offering enough margin of safety given relatively low growth rates, and how it's positioned after lapping tough Q2 2022 comps. Read the full article on Seeking Alpha
お知らせ • Aug 10Franco-Nevada Corporation Declares Quarterly Dividend, Payable on September 28, 2023Franco-Nevada Corporation announced that its Board of Directors has declared a quarterly dividend of $0.34 per share. The dividend will be paid on September 28, 2023 to shareholders of record on September 14, 2023.
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2023 results: EPS: US$0.96 (down from US$1.03 in 2Q 2022). Revenue: US$329.9m (down 6.3% from 2Q 2022). Net income: US$184.5m (down 6.1% from 2Q 2022). Profit margin: 56% (in line with 2Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Jul 08Franco-Nevada Corporation to Report Q2, 2023 Results on Aug 08, 2023Franco-Nevada Corporation announced that they will report Q2, 2023 results After-Market on Aug 08, 2023
Seeking Alpha • Jun 07Franco-Nevada: A Commodity Weighted Portfolio Of These Smaller Royalty Companies Is 50% CheaperSummary Franco-Nevada trades at around a medium-term 2.8% earnings yield which is expensive compared to other precious metal royalty companies. This is especially true, given that its energy and iron ore assets accounted for around a third of its earnings in 2022. A portfolio of Osisko Gold Royalties, Labrador Iron Ore Royalty Corporation, and Freehold Royalties trades at around twice the earnings yield. The companies in this portfolio all own long-life assets of at least equivalent quality to Franco-Nevada’s assets. Therefore, it makes more sense to own a commodity-weighted portfolio of these companies as it sells at a 50% discount to Franco-Nevada. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 07Upcoming dividend of US$0.34 per share at 0.9% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.8%).
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Honorary Director David Peterson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Honorary Director David Peterson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 03First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: US$0.82 (down from US$0.95 in 1Q 2022). Revenue: US$276.3m (down 18% from 1Q 2022). Net income: US$156.5m (down 14% from 1Q 2022). Profit margin: 57% (up from 54% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Mar 24Non-Executive Chair recently sold US$391k worth of stockOn the 20th of March, David Harquail sold around 3k shares on-market at roughly US$145 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by US$6.5m.
Reported Earnings • Mar 16Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$3.66 (down from US$3.84 in FY 2021). Revenue: US$1.32b (up 1.4% from FY 2021). Net income: US$700.6m (down 4.5% from FY 2021). Profit margin: 53% (down from 56% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.