Cash flow Franco-Nevada Corporation

Equities

FNV

CA3518581051

Gold

Market Closed - Toronto S.E. Other stock markets 02:30:00 14/02/2026 am IST			5-day change	1st Jan Change
343.87 ^CAD	+5.44%		+8.36%	+20.86%

12/02	I-80 Gold Secures Financing Package of up to US$500M to Advance Development Plan; Involves Franco-Nevada	MT
12/02	Franco-Nevada Offers $250 Million Royalty Financing to I-80 Gold	DJ

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Published financial data: FRANCO-NEVADA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	101.73Cr	129.76Cr	131.36Cr	121.69Cr	110.22Cr
Total Revenues	101.73Cr	129.76Cr	131.36Cr	121.69Cr	110.22Cr
Cost of Goods Sold, Total	16Cr	18Cr	17Cr	18Cr	13Cr
Gross Profit	86Cr	112.17Cr	113.88Cr	103.97Cr	98Cr
Selling General & Admin Expenses, Total	2.88Cr	3.08Cr	2.25Cr	2.45Cr	2.66Cr
Stock-Based Compensation (IS)	-	-	1.01Cr	44L	80L
Depreciation & Amortization - (IS)	24Cr	30Cr	29Cr	27Cr	23Cr
Impairment of Oil, Gas & Mineral Properties - (IS)	26Cr	-6.8Cr	-	117.33Cr	-
Other Operating Expenses	-70L	-14L	-7L	-39L	-79L
Other Operating Expenses, Total	52Cr	26Cr	32Cr	147.14Cr	25Cr
Operating Income	34Cr	86Cr	82Cr	-43Cr	72Cr
Interest Expense, Total	-14L	-14L	-10L	-6L	-5L
Interest And Investment Income	37L	37L	1.26Cr	5.23Cr	6.95Cr
Net Interest Expenses	23L	23L	1.16Cr	5.17Cr	6.9Cr
Currency Exchange Gains (Loss)	-1L	-24L	36L	1.44Cr	-1.47Cr
Other Non Operating Income (Expenses)	-18L	-24L	-22L	-23L	-81L
EBT, Excl. Unusual Items	34Cr	86Cr	83Cr	-37Cr	77Cr
Gain (Loss) On Sale Of Investments	26L	-4L	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	37L	3L
Asset Writedown	-40L	-	-	-	-
Other Unusual Items	-	-	-	-	-63L
EBT, Incl. Unusual Items	34Cr	86Cr	83Cr	-36Cr	76Cr
Income Tax Expense	1.33Cr	12Cr	13Cr	10Cr	21Cr
Earnings From Continuing Operations	33Cr	73Cr	70Cr	-47Cr	55Cr
Net Income to Company	33Cr	73Cr	70Cr	-47Cr	55Cr
Net Income - (IS)	33Cr	73Cr	70Cr	-47Cr	55Cr
Net Income to Common Incl Extra Items	33Cr	73Cr	70Cr	-47Cr	55Cr
Net Income to Common Excl. Extra Items	33Cr	73Cr	70Cr	-47Cr	55Cr
Per Share Items
Net EPS - Basic	1.71	3.84	3.66	-2.43	2.87
Basic EPS - Continuing Operations	1.71	3.84	3.66	-2.43	2.87
Basic Weighted Average Shares Outstanding	19Cr	19Cr	19Cr	19Cr	19Cr
Net EPS - Diluted	1.71	3.83	3.65	-2.43	2.87
Diluted EPS - Continuing Operations	1.71	3.83	3.65	-2.43	2.87
Diluted Weighted Average Shares Outstanding	19Cr	19Cr	19Cr	19Cr	19Cr
Normalized Basic EPS	1.12	2.81	2.72	-1.2	2.5
Normalized Diluted EPS	1.12	2.8	2.72	-1.2	2.5
Dividend Per Share	1.03	1.16	1.28	1.36	1.44
Payout Ratio	47.49	24.48	28.2	-49.96	43.9
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	84Cr	109.23Cr	110.69Cr	101.47Cr	95Cr
EBITA	34Cr	86Cr	82Cr	-43Cr	72Cr
EBIT	34Cr	86Cr	82Cr	-43Cr	72Cr
Total Revenues (As Reported)	-	-	-	-	111.36Cr
Effective Tax Rate - (Ratio)	3.92	14.47	15.96	-28.06	27.73
Total Current Taxes	4.85Cr	8.7Cr	9.57Cr	7.56Cr	15Cr
Total Deferred Taxes	-3.52Cr	3.71Cr	3.74Cr	2.66Cr	6.63Cr
Normalized Net Income	21Cr	54Cr	52Cr	-23Cr	48Cr
Interest on Long-Term Debt	35L	12L	32L	29L	26L
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	1.92Cr	3.08Cr	2.25Cr	2.45Cr	2.66Cr
Stock-Based Comp., G&A Exp. (Total)	76L	1.12Cr	-	-	-
Stock-Based Comp., Other (Total)	3L	-	1.01Cr	44L	80L
Total Stock-Based Compensation	79L	1.12Cr	1.01Cr	44L	80L

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	53Cr	54Cr	119.65Cr	142.19Cr	145.13Cr
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	53Cr	54Cr	119.65Cr	142.19Cr	145.13Cr
Accounts Receivable, Total	9.34Cr	12Cr	14Cr	11Cr	15Cr
Notes Receivable	-	3.97Cr	-	-	59L
Total Receivables	9.34Cr	16Cr	14Cr	11Cr	16Cr
Inventory	5L	5L	1L	5L	73L
Prepaid Expenses	1.64Cr	1.88Cr	2.21Cr	3Cr	1.06Cr
Other Current Assets, Total	1.92Cr	3.33Cr	2.87Cr	5.19Cr	8.99Cr
Total Current Assets	66Cr	75Cr	138.31Cr	161.53Cr	171.68Cr
Gross Property Plant And Equipment	750.89Cr	858.28Cr	853.78Cr	792.18Cr	934.28Cr
Accumulated Depreciation	-286.94Cr	-342.64Cr	-360.36Cr	-388.81Cr	-523.35Cr
Net Property Plant And Equipment	463.95Cr	515.64Cr	493.42Cr	403.37Cr	410.93Cr
Long-term Investments	20Cr	24Cr	23Cr	25Cr	33Cr
Loans Receivable Long-Term	3.71Cr	-	-	2.48Cr	10Cr
Deferred Tax Assets Long-Term	4.51Cr	4.94Cr	3.99Cr	3.7Cr	3.08Cr
Deferred Charges Long-Term	13L	12L	15L	11L	14L
Other Long-Term Assets, Total	49L	1.56Cr	4.09Cr	2.77Cr	4.25Cr
Total Assets	559.29Cr	620.99Cr	662.68Cr	599.41Cr	633.04Cr
Liabilities
Accounts Payable, Total	35L	85L	70L	55L	51L
Accrued Expenses, Total	3.73Cr	2.51Cr	3.61Cr	2.54Cr	2.36Cr
Current Income Taxes Payable	1.24Cr	96L	71L	83L	3.88Cr
Total Current Liabilities	5.32Cr	4.32Cr	5.02Cr	3.92Cr	6.75Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	-	-	-	-
Deferred Tax Liability Non Current	9.15Cr	14Cr	15Cr	18Cr	24Cr
Other Non Current Liabilities	44L	61L	60L	57L	2.83Cr
Total Liabilities	15Cr	18Cr	21Cr	22Cr	33Cr
Common Stock, Total	558.01Cr	562.85Cr	569.53Cr	572.82Cr	576.91Cr
Additional Paid In Capital	1.4Cr	1.61Cr	1.56Cr	2.06Cr	2.3Cr
Retained Earnings	-3.44Cr	48Cr	94Cr	21Cr	49Cr
Comprehensive Income and Other	-12Cr	-10Cr	-23Cr	-19Cr	-28Cr
Total Common Equity	544.38Cr	602.52Cr	641.76Cr	576.91Cr	599.66Cr
Total Equity	544.38Cr	602.52Cr	641.76Cr	576.91Cr	599.66Cr
Total Liabilities And Equity	559.29Cr	620.99Cr	662.68Cr	599.41Cr	633.04Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19Cr	19Cr	19Cr	19Cr	19Cr
ECS Total Common Shares Outstanding	19Cr	19Cr	19Cr	19Cr	19Cr
Book Value / Share	28.51	31.49	33.44	30.02	31.14
Tangible Book Value	544.38Cr	602.52Cr	641.76Cr	576.91Cr	599.66Cr
Tangible Book Value Per Share	28.51	31.49	33.44	30.02	31.14
Total Debt	0	0	0	0	0
Net Debt	-53Cr	-54Cr	-119.65Cr	-142.19Cr	-145.13Cr
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	54L	56L	58L	60L	60L
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	33Cr	73Cr	70Cr	-47Cr	55Cr
Depreciation & Amortization - CF	24Cr	30Cr	29Cr	27Cr	23Cr
Impairment of Oil, Gas & Mineral Properties - (CF)	26Cr	-6.8Cr	-	117.33Cr	-
Depreciation & Amortization, Total	50Cr	23Cr	29Cr	144.64Cr	23Cr
(Gain) Loss From Sale Of Asset	-	-	-	-37L	-3L
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	40L	-	-	-	-
Stock-Based Compensation (CF)	56L	80L	82L	55L	54L
Other Operating Activities, Total	-3.2Cr	2.31Cr	1.54Cr	33L	2.56Cr
Change In Accounts Receivable	44L	-2.64Cr	-1.59Cr	2.47Cr	-4.08Cr
Change In Inventories	-	-	-	-	1.56Cr
Change in Other Net Operating Assets	-34L	-1.46Cr	50L	-1.86Cr	4.66Cr
Cash from Operations	80Cr	96Cr	100Cr	99Cr	83Cr
Capital Expenditure	-31Cr	-76Cr	-14Cr	-52Cr	-41Cr
Sale (Purchase) of Intangible assets	-	-	-	70L	1.12Cr
Investment in Marketable and Equity Securities, Total	36L	-45L	-4.67Cr	-78L	-5.12Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	4.27Cr	-1.87Cr	-8.93Cr
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-31Cr	-76Cr	-15Cr	-54Cr	-54Cr
Short Term Debt Issued, Total	-	15Cr	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	15Cr	-	-	-
Short Term Debt Repaid, Total	-	-15Cr	-	-	-
Long-Term Debt Repaid, Total	-8Cr	-	-	-	-
Total Debt Repaid	-8Cr	-15Cr	-	-	-
Issuance of Common Stock	14Cr	4L	95L	29L	28L
Common Dividends Paid	-15Cr	-18Cr	-20Cr	-23Cr	-24Cr
Common & Preferred Stock Dividends Paid	-15Cr	-18Cr	-20Cr	-23Cr	-24Cr
Other Financing Activities, Total	-	-10L	-9L	-	-8L
Cash from Financing	-9.18Cr	-18Cr	-19Cr	-23Cr	-24Cr
Foreign Exchange Rate Adjustments	-10L	-51L	-78L	54L	-2.24Cr
Net Change in Cash	40Cr	51L	66Cr	23Cr	2.94Cr
Supplemental Items
Cash Interest Paid	24L	24L	24L	23L	21L
Cash Income Tax Paid (Refund)	5.12Cr	9.35Cr	9.51Cr	8.81Cr	7.38Cr
Levered Free Cash Flow	42Cr	-7.32Cr	70Cr	65Cr	24Cr
Unlevered Free Cash Flow	42Cr	-7.24Cr	70Cr	65Cr	25Cr
Change In Net Working Capital	-1.69Cr	9.26Cr	-3.25Cr	1.78Cr	4.38Cr
Net Debt Issued / Repaid	-8Cr	0	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.91	9.12	7.99	-4.28	7.34
Return on Total Capital	4.02	9.38	8.24	-4.43	7.69
Return On Equity %	6.21	12.79	11.26	-7.65	9.38
Return on Common Equity	6.21	12.79	11.26	-7.65	9.38
Margin Analysis
Gross Profit Margin %	84.68	86.44	86.69	85.44	88.52
SG&A Margin	2.83	2.37	1.71	2.01	2.41
EBITDA Margin %	82.53	84.18	84.26	83.38	86.1
EBITA Margin %	33.47	66.33	62.48	-35.48	65.66
EBIT Margin %	33.47	66.33	62.48	-35.48	65.66
Income From Continuing Operations Margin %	32.07	56.54	53.33	-38.33	50.09
Net Income Margin %	32.07	56.54	53.33	-38.33	50.09
Net Avail. For Common Margin %	32.07	56.54	53.33	-38.33	50.09
Normalized Net Income Margin	20.94	41.34	39.67	-18.9	43.66
Levered Free Cash Flow Margin	41.6	-5.64	53.26	53.27	22.2
Unlevered Free Cash Flow Margin	41.69	-5.58	53.31	53.3	22.23
Asset Turnover
Asset Turnover	0.19	0.22	0.2	0.19	0.18
Fixed Assets Turnover	0.22	0.26	0.26	0.27	0.27
Receivables Turnover (Average Receivables)	10.64	12.17	10.28	9.87	8.39
Inventory Turnover (Average Inventory)	63.63	351.8	582.67	590.67	32.44
Short Term Liquidity
Current Ratio	12.48	17.39	27.55	41.21	25.43
Quick Ratio	11.8	15.26	26.54	39.1	23.75
Operating Cash Flow to Current Liabilities	15.11	22.12	19.91	25.29	12.29
Days Sales Outstanding (Average Receivables)	34.39	29.99	35.5	37	43.63
Days Outstanding Inventory (Average Inventory)	5.75	1.04	0.63	0.62	11.28
Average Days Payable Outstanding	12.4	12.45	16.22	12.84	14.55
Cash Conversion Cycle (Average Days)	27.75	18.57	19.9	24.77	40.37
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	2.67	2.97	3.16	3.75	5.27
EBIT / Interest Expense	243.21	614.79	820.7	-719.5	1.45T
EBITDA / Interest Expense	599.71	780.21	1.11T	1.69T	1.9T
(EBITDA - Capex) / Interest Expense	376.43	237	965.4	821.83	1.08T
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-0.64	-0.49	-1.08	-1.4	-1.53
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-1.01	-1.63	-1.24	-2.88	-2.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.86	27.55	1.23	-7.36	-9.43
Gross Profit, 1 Yr. Growth %	23.18	30.22	1.52	-8.7	-6.16
EBITDA, 1 Yr. Growth %	24.68	30.1	1.34	-8.33	-6.57
EBITA, 1 Yr. Growth %	-16.99	152.78	-4.65	-152.6	-268.03
EBIT, 1 Yr. Growth %	-16.99	152.78	-4.65	-152.6	-268.03
Earnings From Cont. Operations, 1 Yr. Growth %	-5.2	124.92	-4.51	-166.57	-218.37
Net Income, 1 Yr. Growth %	-5.2	124.92	-4.51	-166.57	-218.37
Normalized Net Income, 1 Yr. Growth %	-15.6	151.75	-2.81	-144.13	-309.84
Diluted EPS Before Extra, 1 Yr. Growth %	-6.56	123.98	-4.7	-166.58	-218.09
Accounts Receivable, 1 Yr. Growth %	-4.5	28.27	13.27	-18.2	36.76
Inventory, 1 Yr. Growth %	-88.64	0	-80	400	1.36T
Net Property, Plant and Equip., 1 Yr. Growth %	-3.54	11.14	-4.31	-18.25	1.87
Total Assets, 1 Yr. Growth %	5.91	11.03	6.71	-9.55	5.61
Tangible Book Value, 1 Yr. Growth %	7.54	10.68	6.51	-10.11	3.94
Common Equity, 1 Yr. Growth %	7.54	10.68	6.51	-10.11	3.94
Cash From Operations, 1 Yr. Growth %	30.14	18.85	4.62	-0.83	-16.31
Capital Expenditures, 1 Yr. Growth %	-29.78	143.28	-81.39	268.62	-21.78
Levered Free Cash Flow, 1 Yr. Growth %	522.75	-117.23	-1.06T	-7.35	-62.35
Unlevered Free Cash Flow, 1 Yr. Growth %	478.8	-116.99	-1.07T	-7.38	-62.32
Dividend Per Share, 1 Yr. Growth %	4.04	12.62	10.34	6.25	5.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.02	24.16	13.63	-3.16	-8.4
Gross Profit, 2 Yr. CAGR %	26.89	26.65	14.98	-3.72	-7.44
EBITDA, 2 Yr. CAGR %	27.99	27.36	14.82	-3.62	-7.41
EBITA, 2 Yr. CAGR %	34.29	44.85	55.25	-29.18	-6.1
EBIT, 2 Yr. CAGR %	34.29	44.85	55.25	-29.18	-6.1
Earnings From Cont. Operations, 2 Yr. CAGR %	53.19	46.02	46.55	-20.27	-11.23
Net Income, 2 Yr. CAGR %	53.19	46.02	46.55	-20.27	-11.23
Normalized Net Income, 2 Yr. CAGR %	34.27	45.77	56.38	-34.51	-3.9
Diluted EPS Before Extra, 2 Yr. CAGR %	51.31	44.67	46.1	-20.35	-11.33
Accounts Receivable, 2 Yr. CAGR %	11.22	10.68	20.54	-3.74	5.77
Inventory, 2 Yr. CAGR %	-	-66.29	-55.28	0	754.4
Net Property, Plant and Equip., 2 Yr. CAGR %	0.8	3.54	3.13	-11.55	-8.74
Total Assets, 2 Yr. CAGR %	6.49	8.44	8.85	-1.75	-2.26
Tangible Book Value, 2 Yr. CAGR %	8.41	9.1	8.58	-2.15	-3.34
Common Equity, 2 Yr. CAGR %	8.41	9.1	8.58	-2.15	-3.34
Cash From Operations, 2 Yr. CAGR %	30.12	24.37	11.5	1.86	-8.9
Capital Expenditures, 2 Yr. CAGR %	-43.8	30.7	-32.72	-17.18	69.81
Levered Free Cash Flow, 2 Yr. CAGR %	-11.91	3.81	28.31	197.5	-40.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.69	-0.62	28.24	199.38	-40.85
Dividend Per Share, 2 Yr. CAGR %	4.13	8.25	11.48	8.28	6.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.78	25.86	15.99	6.15	-5.29
Gross Profit, 3 Yr. CAGR %	17.35	27.99	17.65	6.47	-4.54
EBITDA, 3 Yr. CAGR %	18.2	28.69	18.02	6.52	-4.58
EBITA, 3 Yr. CAGR %	13.09	65.81	26.01	8.23	-5.62
EBIT, 3 Yr. CAGR %	13.09	65.81	26.01	8.23	-5.62
Earnings From Cont. Operations, 3 Yr. CAGR %	18.77	74.11	26.74	12.66	-9.04
Net Income, 3 Yr. CAGR %	18.77	74.11	26.74	12.66	-9.04
Normalized Net Income, 3 Yr. CAGR %	12.61	65.56	27.32	2.57	-3.54
Diluted EPS Before Extra, 3 Yr. CAGR %	17.28	72.44	25.88	12.43	-9.18
Accounts Receivable, 3 Yr. CAGR %	12.33	16.64	11.54	5.92	8.21
Inventory, 3 Yr. CAGR %	-58.7	-	-71.67	0	144.41
Net Property, Plant and Equip., 3 Yr. CAGR %	5.49	4.13	0.85	-4.56	-7.29
Total Assets, 3 Yr. CAGR %	5.31	7.98	7.86	2.34	0.64
Tangible Book Value, 3 Yr. CAGR %	4.98	9.16	8.23	1.95	-0.16
Common Equity, 3 Yr. CAGR %	4.98	9.16	8.23	1.95	-0.16
Cash From Operations, 3 Yr. CAGR %	18.05	26.25	17.4	7.23	-4.6
Capital Expenditures, 3 Yr. CAGR %	-14.56	-8.4	-31.76	18.61	-18.74
Levered Free Cash Flow, 3 Yr. CAGR %	69.22	-48.79	117.54	15.11	49.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	69.71	-48.95	112.21	15.06	50.16
Dividend Per Share, 3 Yr. CAGR %	4.22	6.88	8.94	9.71	7.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.2	16.31	14.32	13.33	5.54
Gross Profit, 5 Yr. CAGR %	19.7	17.33	16.4	14.21	6.89
EBITDA, 5 Yr. CAGR %	20.5	17.75	16.84	14.64	7.1
EBITA, 5 Yr. CAGR %	44.31	43.53	28.37	17.99	12.02
EBIT, 5 Yr. CAGR %	44.31	43.53	28.37	17.99	12.02
Earnings From Cont. Operations, 5 Yr. CAGR %	67.69	43.12	29.19	27.39	9.92
Net Income, 5 Yr. CAGR %	67.69	43.12	29.19	27.39	9.92
Normalized Net Income, 5 Yr. CAGR %	44.99	43.51	28.42	14.24	13.77
Diluted EPS Before Extra, 5 Yr. CAGR %	61.26	40.89	28.06	26.61	9.41
Accounts Receivable, 5 Yr. CAGR %	7.49	11	15.54	8.01	9.19
Inventory, 5 Yr. CAGR %	-	-28.63	-57.37	-	10.66
Net Property, Plant and Equip., 5 Yr. CAGR %	7.22	6.96	4.54	-2.45	-3.1
Total Assets, 5 Yr. CAGR %	8.77	8.02	6.71	3.98	3.69
Tangible Book Value, 5 Yr. CAGR %	11.47	7.76	6.4	4.49	3.45
Common Equity, 5 Yr. CAGR %	11.47	7.76	6.4	4.49	3.45
Cash From Operations, 5 Yr. CAGR %	20.66	15.19	15.39	15.86	6.07
Capital Expenditures, 5 Yr. CAGR %	-21.07	0.36	-22.35	-12.02	-1.73
Levered Free Cash Flow, 5 Yr. CAGR %	-9.75	-22.83	51.61	3.52	29.2
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.7	-22.96	51.83	3.59	27.31
Dividend Per Share, 5 Yr. CAGR %	4.41	5.92	7.06	7.44	7.78