Valuation Franco-Nevada Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 02:30:00 07/02/2026 am IST			5-day change	1st Jan Change
317.34 ^CAD	+3.30%		-0.44%	+11.54%

03/02	RBC Capital Adjusts Franco-Nevada Price Target to $260 From $250, Maintains Outperform Rating	MT
02/02	GreenTech Metals Limited completed the acquisition of 70% stake in Munni Munni Tenements Project from Alien Metals Australia Pty. Ltd.	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	23,903	26,430	26,138	21,351	22,599	44,837	44,837	-
Change	-	10.57%	-1.11%	-18.31%	5.84%	98.41%	0%	-
Enterprise Value (EV) ¹	23,368	25,891	24,941	19,930	21,147	44,210	42,577	40,654
Change	-	10.79%	-3.67%	-20.09%	6.11%	109.06%	-3.69%	-4.52%
P/E ratio	73.2x	36.1x	37.4x	-45.7x	40.9x	43.4x	28x	23.5x
PBR	4.39x	4.39x	4.08x	-	3.77x	6.17x	5.05x	4.2x
PEG	-	0x	-7.96x	0x	-0x	0.5x	0.5x	1.2x
Capitalization / Revenue	23.4x	20.3x	19.9x	17.5x	20.3x	25.8x	18.1x	16.2x
EV / Revenue	22.9x	19.9x	19x	16.3x	19x	25.4x	17.2x	14.7x
EV / EBITDA	27.8x	23.7x	22.5x	19.6x	22.2x	28x	18.7x	16x
EV / EBIT	69.4x	30.1x	30.4x	-46.6x	29.1x	34.6x	21.4x	19.5x
EV / FCF	47.4x	133x	29.1x	42.3x	49.9x	-65.4x	22x	21.3x
FCF Yield	2.11%	0.75%	3.44%	2.36%	2%	-1.53%	4.55%	4.69%
Dividend per Share ²	1.03	1.16	1.28	1.36	1.44	1.56	1.6	1.68
Rate of return	0.82%	0.84%	0.94%	1.22%	1.23%	0.67%	0.69%	0.72%
EPS ²	1.71	3.83	3.65	-2.43	2.87	5.358	8.307	9.915
Distribution rate	60.2%	30.3%	35.1%	-56%	50.2%	29.1%	19.3%	16.9%
Net sales ¹	1,020	1,300	1,316	1,219	1,114	1,739	2,474	2,768
EBITDA ¹	839.6	1,092	1,107	1,015	951.6	1,579	2,274	2,544
EBIT ¹	336.5	860.7	820.7	-428	726.6	1,276	1,993	2,084
Net income ¹	326.2	733.7	700.6	-466.4	552.1	1,049	1,602	1,913
Net Debt ¹	-534.2	-539.3	-1,196	-1,422	-1,451	-627.5	-2,260	-4,183
Reference price ²	125.26	138.24	136.37	111.14	117.40	232.59	232.59	232.59
Nbr of stocks (in thousands)	1,90,832	1,91,192	1,91,665	1,92,119	1,92,493	1,92,777	1,92,777	-
Announcement Date	10/03/21	09/03/22	15/03/23	05/03/24	10/03/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
FRANCO-NEVADA CORPORATION	43.41x	25.42x	28x	0.67%	4.48TCr
ZIJIN GOLD INTERNATIONAL COMPANY LIMITED	48.49x	13.87x	24.59x	-	7TCr
GOLD FIELDS LIMITED	15.37x	5.68x	8.5x	2.2%	4.83TCr
ZHONGJIN GOLD CORP.,LTD	25.77x	-	-	2.37%	2.06TCr
EVOLUTION MINING LIMITED	15.6x	4.95x	8.19x	2.93%	2.04TCr
POLYUS	7.38x	-	-	-	1.41TCr
HARMONY GOLD MINING COMPANY LIMITED	5.95x	1.88x	3.72x	2.5%	1.28TCr
TRIPLE FLAG PRECIOUS METALS CORP.	30.07x	17.97x	21.94x	0.66%	708.07Cr
RAMELIUS RESOURCES LIMITED	11.59x	6.34x	9.79x	2%	585.6Cr
PT ANEKA TAMBANG TBK	11.7x	0.88x	7.67x	3.88%	528.29Cr
Average	21.53x	9.62x	14.05x	2.15%	2.49TCr
Weighted average by Cap.	29.90x	12.48x	17.96x	1.9%