First National Financial Future Growth

Future criteria checks 3/6

First National Financial is forecast to grow earnings and revenue by 15.9% and 14.2% per annum respectively. EPS is expected to grow by 16.5% per annum. Return on equity is forecast to be 34.8% in 3 years.

Key information

15.9%

Earnings growth rate

16.5%

EPS growth rate

Diversified Financial earnings growth	41.7%
Revenue growth rate	14.2%
Future return on equity	34.8%
Analyst coverage	Low
Last updated	30 Oct 2024

Recent future growth updates

Recent updates

Insufficient Growth At First National Financial Corporation (TSE:FN) Hampers Share Price

Jul 17

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

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	961	255	N/A	N/A	4
12/31/2025	917	239	N/A	N/A	4
12/31/2024	832	190	N/A	N/A	4
9/30/2024	639	181	676	685	N/A
6/30/2024	711	228	-583	-575	N/A
3/31/2024	772	263	171	177	N/A
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	N/A	-254	N/A
3/31/2018	519	206	N/A	-1	N/A
12/31/2017	520	205	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FN's forecast earnings growth (15.9% per year) is above the savings rate (2.3%).

Earnings vs Market: FN's earnings (15.9% per year) are forecast to grow slower than the Canadian market (16.3% per year).

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

Revenue vs Market: FN's revenue (14.2% per year) is forecast to grow faster than the Canadian market (7% per year).

High Growth Revenue: FN's revenue (14.2% 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 (34.8%)

First National Financial Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 10%

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

Recent updates

Co-Founder & Executive Chairman recently bought CA$4.7m worth of stock

First National Financial Corporation Announces Dividend for the Month of November 2024, Payable on December 13, 2024

Consensus EPS estimates fall by 10%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First National Financial Corporation Announces Special Dividend, Payable on December 13, 2024

Dividend of CA$0.20 announced

First National Financial Corporation Announces October 2024 Dividend, Payable on November 15, 2024

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

First National Financial Corporation to Report Q3, 2024 Results on Oct 29, 2024

Co-Founder & Executive Chairman recently bought CA$650k worth of stock

Dividend of CA$0.20 announced

First National Financial Corporation Announces Monthly Dividend on Common Share for the Period September 1 to September 30, 2024, Payable on October 15, 2024

Dividend of CA$0.20 announced

First National Financial Corporation Announces its Monthly Dividend Payment for the Period August 1 to August 31, 2024, Payable on September 16, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Dividend of CA$0.20 announced

Insufficient Growth At First National Financial Corporation (TSE:FN) Hampers Share Price

Co-Founder & Executive Chairman recently bought CA$1.5m worth of stock

First National Financial Corporation to Report Q2, 2024 Results on Jul 30, 2024

First National Financial (TSE:FN) Will Pay A Dividend Of CA$0.2042

Dividend of CA$0.20 announced

First National Financial Corporation Announces Monthly Dividend Payment for the Period June 1 to June 30, 2024, Payable on July 15, 2024

Dividend of CA$0.20 announced

First National Financial Corporation Announces Dividend for the Month Ended May 31, 2024, Payable on June 14, 2024

Independent Director recently bought CA$368k worth of stock

New major risk - Revenue and earnings growth

First quarter 2024 earnings: EPS and revenues miss analyst expectations

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