Franco-Nevada Corporation (FNV.TO) stock analysis

In our weekly check, Franco-Nevada Corporation is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 3, red flags: 2.

About Franco-Nevada Corporation

Franco-Nevada Corporation is a Basic Materials company (Gold) based in Canada, listed on TSX as FNV.TO.

What our checks show for FNV.TO

Red flags

• Free cash flow is negative (-31.1% of revenue): the business spends more cash than it brings in.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The price swings a lot: 38.2% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 48% from a peak. Would you have held through that?
• Thinly traded (about 343 thousand shares a day): buying and selling can move the price.

Strengths

• Debt is low: 0x equity.
• Operating profit covers interest 561 times over.
• The net margin rose by 7.4 points over 5 years, to 63.8%.
• The gross margin is 77.3% and has risen by 14 points: pricing power is holding.
• Analysts expect earnings per share to grow about 13.3% a year over the next years.
• Analysts expect the net margin to improve by 3.1 points from today's 63.8%.

Next earnings report: 2026-11-11

Similar companies

AU · WPM · B · GFI · KGC · AEM

Questions

What grade does Franco-Nevada Corporation (FNV.TO) have?

In our weekly check, Franco-Nevada Corporation is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 3, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of FNV.TO stock?

This week's biggest flags for Franco-Nevada Corporation: Weak free cash flow, Heavy stock pay, Very volatile. In total 5 of 25 checks show a warning or a red flag.

What does Franco-Nevada Corporation do?

Franco-Nevada Corporation is a Basic Materials company (Gold) based in Canada, listed on TSX as FNV.TO.

When does Franco-Nevada Corporation report earnings next?

The next earnings report is expected on 2026-11-11. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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