Franco-Nevada Corporation

Franco-Nevada Corporation

325.05
CAD
-17.02
(-4.98%)
10.86EPS
27.19P/E
57.06BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.74
2.95
2.84
3.5
3.71
3.53
4.52
5.39
6.8
6.87
6.35
5.79
9.46
12.02
Basic EPS, GAAP
0.08
0.71
0.16
0.7
1.07
0.75
1.84
1.72
3.84
3.66
-2.43
2.87
5.77
7.66
Free Cash Flow per Basic Share
0.73
-3.95
-4.52
-1.58
-0.07
-2.78
0.92
2.59
1.02
4.48
2.45
2.19
-3.65
4.62
Dividend per Share
0.7
0.61
0.6
0.68
0.69
0.73
0.74
0.82
0.94
1.03
1.21
1.26
1.43
1.55
Book Value per Share
20.14
21.76
17.84
23.23
25.31
24.81
26.73
28.51
31.49
33.44
30.02
31.14
39.6
42.73
Tangible Book Value per Share
20.14
21.76
17.84
23.23
25.31
24.81
26.73
28.51
31.49
33.44
30.02
31.14
39.6
42.73
Basic Weighted Avg Shares
146
150
156
174
182
185
187
189
191
192
192
192
193
193
Sales/Revenue/Turnover
401
442
444
610
675
653
844
1,020
1,300
1,316
1,219
1,114
1,823
2,317
Operating Margin (%)
48.19
42.45
26.24
33.84
34.83
40.52
48.25
57.99
60.87
62.32
60.6
65.08
71.37
75.65
Depreciation Expense
129
163
216
274
273
248
263
241
300
286
273
225
307
336
Net Income, GAAP
12
107
25
122
195
139
344
326
734
701
-466
552
1,112
1,478
Effective Tax Rate (%)
65.59
32.04
49.28
27.22
17.5
26.49
15.23
3.92
14.47
15.96
- -
27.73
21.46
21.58
Profit Margin (%)
2.92
24.12
5.55
20.03
28.84
21.28
40.77
31.97
56.44
53.25
-38.26
49.58
61.01
63.79
Working Capital
861
678
254
324
594
154
225
611
708
1,333
1,576
1,649
898
1,240
LT Debt
- -
- -
457
- -
- -
208
80
- -
- -
- -
- -
- -
- -
- -
Total Equity
2,964
3,406
3,163
4,147
4,706
4,632
5,062
5,444
6,025
6,418
5,769
5,997
7,635
8,241
Return on Invested Capital (%)
0.56
3.34
0.74
2.91
4.38
2.91
6.96
6.09
12.81
11.07
- -
8.89
15.47
19.01
Return on Capital (%)
0.4
3.38
0.74
3.21
4.46
2.94
7.02
6.17
12.8
11.26
- -
9.39
16.32
19.92
Return on Common Equity (%)
0.38
3.35
0.75
3.34
4.4
2.98
7.1
6.21
12.79
11.26
-7.65
9.38
16.32
19.91

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
193
193
193
Market Capitalization
39,899
47,720
40,203

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,021
1,128
1,388
Cash, Cash Equivalents & STI
671
715
1,014
Accounts Receivable, Net
242
268
238
Inventories
40
123
113
Total Current Liabilities
123
183
148
Payables & Accruals
123
183
148
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.82%
7.67%
27.33%
Free Cash Flow
383.83%
-8.48%
-266.79%
Net Income, GAAP
40.67%
-32.62%
101.43%
Sales/Revenue/Turnover
17.14%
15.27%
63.69%
Total Cash Common Dividend
11.52%
12.28%
13.49%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
257
260
276
321
1,114
2025
368
369
488
597
1,823
2026
651
581
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.75
0.41
0.79
0.91
2.87
2025
1.09
1.28
1.49
1.91
5.77
2026
2.43
1.84
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.31
0.32
0.32
1.26
2025
0.36
0.35
0.35
0.37
1.43
2026
0.42
0.42
- -
- -
- -

Company Description

CEO
Paul J. Brink
Full Time Employees
44
Sector
Non-energy minerals
Industry
Precious metals
Address
199 Bay Street Toronto ON Canada M5L 1G9
IPO Date
Dec 21, 2007
Business
Franco-Nevada Corporation is a leading gold-focused royalty and streaming company that acquires and manages a diversified portfolio of royalties and streams on mining and energy assets worldwide. The company operates through three main segments: Precious Metals, including gold, silver, and platinum group metals; Other Mining, encompassing iron ore and base metals; and Energy, involving crude oil, natural gas, and natural gas liquids marketed through third-party agents. It provides upfront capital to operators in exchange for production-based payments under royalty percentage revenue shares or fixed-quantity stream purchases at predetermined prices, without engaging in mine operations, development, or exploration. Franco-Nevada maintains the largest and most diversified portfolio by commodity, geography, revenue type, and project stage, with over 450 assets across South America, Central America, Mexico, the United States, Canada, Australia, Europe, and other international regions; approximately 85% of 2024 revenue derived from precious metals. The company targets mining operators and energy producers seeking low-cost, flexible financing to fund project development, expansions, or debt reduction while minimizing equity dilution. Founded in 1986 and headquartered at 199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, Ontario M5L 1G9, Canada, Franco-Nevada lists its shares on the Toronto Stock Exchange (FNV.TO) and New York Stock Exchange (FNV). In recent developments, Franco-Nevada completed over $1.3 billion in acquisitions and commitments in 2024, including a 0.625% net smelter return (NSR) royalty on Hayasa Metals Inc.'s Urasar gold-copper project in Armenia and a financing package supporting Discovery Silver’s acquisition of Newmont’s Porcupine Complex in Timmins, potentially adding 85,000-95,000 gold equivalent ounces (GEOs) annually to its medium-term production. Post-2024, the company acquired a $250 million royalty on AngloGold Ashanti’s Arthur Gold Project in Nevada's Beatty District, including 1.0% NSR on a substantial land package with Merlin and Silicon deposits (funded via cash and a $175 million revolver draw, later repaid to achieve a debt-free balance sheet), and an additional 1.62% NSR on Nevada Gold Mines’ Gold Quarry mine. In April 2024, it made a US$25 million equity investment in G Mining Ventures Corp. ahead of its merger with Reunion Gold Corporation; these transactions, alongside record Q3 2025 results with $487.7 million revenue and 138,772 GEOs sold, position the company for approximately 50% GEO growth over five years, bolstered by optimism around the potential Cobre Panama mine resolution.

Company News

  • Franco-Nevada Corporation $FNV Stock: Louisbourg Investments Inc. Trims Holdings

  • Franco-Nevada: I Tried To Break The Bull Case, And It Held

  • Is Franco-Nevada Corp (FNV) a Bargain After 3.6% Drop? GF Value Says Undervalued

  • Franco-Nevada Becomes Significant Shareholder of Kenorland Minerals

  • Franco-Nevada (NYSE:FNV) Shares Down 8.4% – Time to Sell?

  • Franco-Nevada Sees 45% Growth if Cobre Panama Restarts

  • Franco-Nevada sees structured path forward for Cobre Panama, Jefferies says

  • Cobre Panamá Update

  • Cobre Panamá Update

  • Can Higher H2 Production Support Franco-Nevada's 2026 Guidance?

  • Franco-Nevada Announces Appointment of Paul Brink as Chair of the World Gold Council

  • Can Franco-Nevada's Portfolio Expansion Drive Future Growth?

  • Bank of America Corp DE Takes Position in Franco-Nevada Corporation $FNV

  • Franco-Nevada Nears All-Time Highs After Record Revenue Growth

  • Can Bullabulling Deal Aid Franco-Nevada's Portfolio Expansion?

  • Engineers Gate Manager LP Makes New Investment in Franco-Nevada Corporation $FNV

  • Franco-Nevada Announces A$200 Million Follow-on Financing Package with Minerals 260 for the Bullabulling Gold Project

  • Franco-Nevada (FNV) Up 12.5% Since Last Earnings Report: Can It Continue?

  • The Cheapest Way to Own a Copper Mine Is to Let Someone Else Build It

  • Skip the Mine, Pocket the Gold: 5 Royalty Streamers Are Crushing Producers in 2026