Company Valuation: Franco-Nevada Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,430 26,138 21,351 22,599 40,002 38,807 - -
Change - -1.11% -18.31% 5.84% 77.01% -2.99% - -
Enterprise Value (EV) 1 25,891 24,941 19,930 21,147 39,331 36,821 34,768 32,710
Change - -3.67% -20.09% 6.11% 85.98% -6.38% -5.58% -5.92%
P/E 36.1x 37.4x -45.7x 40.9x 36x 23.4x 20.3x 19.1x
PBR 4.39x 4.08x - 3.77x 5.24x 4.25x 3.57x 3.1x
PEG - -7.96x 0x -0x 0x 0.5x 1.3x 3.18x
Capitalization / Revenue 20.3x 19.9x 17.5x 20.3x 21.9x 14.7x 12.7x 13.1x
EV / Revenue 19.9x 19x 16.3x 19x 21.6x 14x 11.4x 11x
EV / EBITDA 23.7x 22.5x 19.6x 22.2x 23.7x 15.1x 12.8x 12.5x
EV / EBIT 30.1x 30.4x -46.6x 29.1x 29x 17.4x 13.9x 14.1x
EV / FCF 133x 29.1x 42.3x 49.9x -56.4x 19.5x 14.8x 13.9x
FCF Yield 0.75% 3.44% 2.36% 2% -1.77% 5.12% 6.77% 7.22%
Dividend per Share 2 1.16 1.28 1.36 1.44 1.52 1.759 1.848 1.94
Rate of return 0.84% 0.94% 1.22% 1.23% 0.73% 0.88% 0.92% 0.97%
EPS 2 3.83 3.65 -2.43 2.87 5.76 8.564 9.892 10.49
Distribution rate 30.3% 35.1% -56% 50.2% 26.4% 20.5% 18.7% 18.5%
Net sales 1 1,300 1,316 1,219 1,114 1,823 2,638 3,045 2,970
EBITDA 1 1,092 1,107 1,015 951.6 1,656 2,442 2,713 2,612
EBIT 1 860.7 820.7 -428 726.6 1,354 2,119 2,501 2,325
Net income 1 733.7 700.6 -466.4 552.1 1,112 1,714 1,917 2,027
Net Debt 1 -539.3 -1,196 -1,422 -1,451 -670.9 -1,987 -4,040 -6,097
Reference price 2 138.24 136.37 111.14 117.40 207.50 200.57 200.57 200.57
Nbr of stocks (in thousands) 1,91,192 1,91,665 1,92,119 1,92,493 1,92,777 1,93,488 - -
Announcement Date 09/03/22 15/03/23 05/03/24 10/03/25 10/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.42x13.96x15.08x0.88% 3.88TCr
6.22x2.39x3.35x6.71% 3.03TCr
14.13x4.15x7.11x3.65% 1.61TCr
9.18x - - 7.17% 1.41TCr
5.02x1.54x3.07x5.42% 944.84Cr
18.41x11.53x14x0.83% 570.66Cr
32.62x4.72x7.22x1.74% 387.12Cr
6.51x0.5x4.08x8.41% 387.12Cr
19.1x3.25x13.15x-.--% 352.6Cr
Average 14.96x 5.25x 8.38x 3.87% 1.4TCr
Weighted average by Cap. 14.52x 7.10x 8.96x 3.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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