First National Financial Future Growth

Future criteria checks 3/6

First National Financial is forecast to grow earnings and revenue by 4.3% and 9.9% per annum respectively. EPS is expected to grow by 3.6% per annum. Return on equity is forecast to be 34.6% in 3 years.

Key information

4.3%

Earnings growth rate

3.6%

EPS growth rate

Diversified Financial earnings growth	60.3%
Revenue growth rate	9.9%
Future return on equity	34.6%
Analyst coverage	Low
Last updated	06 Mar 2024

Recent future growth updates

Recent updates

First National Financial's (TSE:FN) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 23

First National Financial (TSE:FN) Is Increasing Its Dividend To CA$0.75

Nov 09

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Oct 20

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

Sep 26

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Aug 26

First National Financial's (TSE:FN) Dividend Will Be CA$0.20

Jul 20

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

Jun 23

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Apr 21

Industry Analysts Just Upgraded Their First National Financial Corporation (TSE:FN) Revenue Forecasts By 36%

Mar 03

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Feb 19

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Jan 20

First National Financial's (TSE:FN) Dividend Will Be CA$0.20

Dec 19

Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

Oct 30

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Oct 26

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Sep 20

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.1958

Aug 21

Earnings and Revenue Growth Forecasts

TSX:FN - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,002	275	N/A	N/A	1
12/31/2025	961	270	N/A	N/A	3
12/31/2024	911	235	N/A	N/A	3
12/31/2023	751	249	-110	-104	N/A
9/30/2023	741	247	228	235	N/A
6/30/2023	673	204	257	267	N/A
3/31/2023	667	177	1,225	1,235	N/A
12/31/2022	699	195	497	509	N/A
9/30/2022	724	194	-718	-698	N/A
6/30/2022	742	202	199	223	N/A
3/31/2022	707	193	-670	-642	N/A
12/31/2021	695	192	-435	-403	N/A
9/30/2021	732	219	398	423	N/A
6/30/2021	750	244	-728	-711	N/A
3/31/2021	717	242	470	481	N/A
12/31/2020	619	187	-251	-247	N/A
9/30/2020	551	167	-278	-278	N/A
6/30/2020	512	155	411	412	N/A
3/31/2020	490	148	-207	-205	N/A
12/31/2019	510	174	453	459	N/A
9/30/2019	489	157	668	674	N/A
6/30/2019	466	149	313	318	N/A
3/31/2019	453	151	-204	-198	N/A
12/31/2018	465	163	-340	-337	N/A
9/30/2018	470	177	-213	-210	N/A
6/30/2018	479	184	-257	-254	N/A
3/31/2018	519	206	-4	-1	N/A
12/31/2017	520	205	190	194	N/A
9/30/2017	555	231	N/A	-62	N/A
6/30/2017	548	223	N/A	680	N/A
3/31/2017	511	196	N/A	-313	N/A
12/31/2016	516	197	N/A	-131	N/A
9/30/2016	482	165	N/A	-468	N/A
6/30/2016	460	143	N/A	-665	N/A
3/31/2016	457	143	N/A	605	N/A
12/31/2015	391	102	N/A	13	N/A
9/30/2015	340	79	N/A	353	N/A
6/30/2015	333	85	N/A	-34	N/A
3/31/2015	302	71	N/A	-346	N/A
12/31/2014	332	97	N/A	-231	N/A
9/30/2014	362	121	N/A	-181	N/A
6/30/2014	363	125	N/A	-124	N/A
3/31/2014	423	165	N/A	-9	N/A
12/31/2013	424	165	N/A	-151	N/A
9/30/2013	410	158	N/A	-364	N/A
6/30/2013	414	151	N/A	-608	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FN's forecast earnings growth (4.3% per year) is above the savings rate (2%).

Earnings vs Market: FN's earnings (4.3% per year) are forecast to grow slower than the Canadian market (12% per year).

High Growth Earnings: FN's earnings are forecast to grow, but not significantly.

Revenue vs Market: FN's revenue (9.9% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: FN's revenue (9.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FN's Return on Equity is forecast to be high in 3 years time (34.6%)

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First National Financial Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 26%

Price target increased by 8.4% to CA$42.83

Price target increased by 8.3% to CA$39.33

Consensus revenue estimates fall by 16%

Recent updates

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

Upcoming dividend of CA$0.20 per share

Dividend of CA$0.20 announced

First National Financial Corporation Announces Dividend for the Month Ended April 30, 2024, Payable on May 15, 2024

First National Financial Corporation to Report Q1, 2024 Results on Apr 30, 2024

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

First National Financial Corporation announced that it expects to receive CAD 199.999998 million in funding

Dividend of CA$0.20 announced

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of CA$0.20 per share

Dividend of CA$0.20 announced

First National Financial Corporation, Annual General Meeting, May 02, 2024

Co-Founder & Executive Chairman recently bought CA$1.0m worth of stock

Upcoming dividend of CA$0.20 per share at 6.1% yield

First National Financial's (TSE:FN) Dividend Will Be CA$0.2042

Dividend of CA$0.20 announced

First National Financial Corporation Announces January Month Dividend, Payable on February 15, 2024

First National Financial Corporation to Report Q4, 2023 Results on Mar 05, 2024

Co-Founder & Executive Chairman recently bought CA$1.3m worth of stock

First National Financial Corporation Announces December Month Dividend, Payable on January 15, 2024

Co-Founder & Executive Chairman recently bought CA$2.0m worth of stock

Upcoming dividend of CA$0.95 per share at 6.4% yield

First National Financial's (TSE:FN) Shareholders Will Receive A Bigger Dividend Than Last Year

Co-Founder & Executive Chairman recently bought CA$4.9m worth of stock

First National Financial (TSE:FN) Is Increasing Its Dividend To CA$0.75

First National Financial Corporation Announces Special Dividend, Payable on December 15, 2023

Co-Founder & Executive Chairman recently bought CA$9.8m worth of stock

Upcoming dividend of CA$0.20 per share at 7.1% yield

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

First National Financial Corporation Announces Dividend for the Period October 1 to October 31, 2023, Payable on November 15, 2023

Co-Founder & Executive Chairman recently bought CA$1.4m worth of stock

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

First National Financial Corporation to Report Q3, 2023 Results on Oct 31, 2023

First National Financial Corporation Announces Monthly Dividend for the Period September 1 to September 30, 2023, Payable on October 16, 2023

First National Financial Corporation announced that it expects to receive CAD 200 million in funding

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Upcoming dividend of CA$0.20 per share at 6.4% yield

First National Financial Corporation Announces Monthly Dividend for the Period August 1, 2023 to August 31, 2023, Payable on September 15, 2023

Co-Founder & Executive Chairman recently bought CA$1.3m worth of stock

Consensus EPS estimates increase by 26%

Price target increased by 8.4% to CA$42.83

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.20 per share at 6.3% yield

First National Financial's (TSE:FN) Dividend Will Be CA$0.20

First National Financial Corporation Announces Monthly Dividend for the Period July 1 to July 31, 2023, Payable on August 15, 2023

First National Financial Corporation to Report Q2, 2023 Results on Aug 01, 2023

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

First National Financial Corporation Announces June Dividend, Payable on July 14, 2023

Co-Founder & Executive Chairman recently bought CA$1.4m worth of stock

Upcoming dividend of CA$0.20 per share at 6.0% yield

Co-Founder & Executive Chairman recently bought CA$554k worth of stock

First National Financial Corporation Announces Monthly Dividend for the Period May 1 to May 31, 2023, Payable on June 15, 2023

Co-Founder & Executive Chairman recently bought CA$618k worth of stock

Price target increased by 8.3% to CA$39.33

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Co-Founder & Executive Chairman recently bought CA$750k worth of stock

Co-Founder & Executive Chairman recently bought CA$75k worth of stock

Director recently bought CA$78k worth of stock

Upcoming dividend of CA$0.20 per share at 6.2% yield

Industry Analysts Just Upgraded Their First National Financial Corporation (TSE:FN) Revenue Forecasts By 36%

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of CA$0.20 per share at 6.3% yield

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

First National Financial Corporation Announces February Dividend Payment, Payable on March 15, 2023

First National Financial Corporation to Report Q4, 2022 Results on Feb 28, 2023

Upcoming dividend of CA$0.20 per share

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

First National Financial Corporation Announces Dividend for the Period January 1 to January 31, 2023, Payable on February 15, 2023

Now 20% undervalued

Upcoming dividend of CA$0.20 per share