FNV
Franco-Nevada Corporation (FNV)
Last Price$145.61.4%
Market Cap$27.9B
$1,099.7M
-11.0% YoY
($633.0M)
N/A
($1,317.3M)
Net Debt to FCF - (3.4x)
$385.2M
35.0% margin

FNV Income Statement

FNV Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
$1,219.0M (7.3%) YoY
$766.6M (10.1%) YoY
62.9% margin
Cost of revenue
$452.4M (2.3%) YoY
Operating expenses
$1,194.6M 3,564.4% YoY
Net income
$466.4M 0.0% YoY
(38.3%) margin
Other: $699.3M
SG&A
$28.9M (11.3%) YoY
2.4% of revenue

FNV Income statement key metrics

Annual
Quarterly
LTM

Revenue

$1,219.0M -7.3% YoY

Operating Income

($428.0M) N/A

Net Income

($466.4M) N/A

FNV Balance Sheet

FNV Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$5,994.1M
Current assets ($1,615.3M, 26.9% of total)
$1,421.9M (23.7%)
$111.0M (1.9%)
Other current assets
$82.4M (1.4%)
Non-current assets ($4,378.8M, 73.1% of total)
$254.5M (4.2%)
Other non-current assets
$90.6M (1.5%)
Financial position
($1,421.9M)
$1,421.9M$0.0
Cash & Short-term Investments
Total Debt

FNV Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$5,994.1M -10.0% YoY

Liabilities

$225.0M +7.0% YoY

Shareholder's Equity

$5,769.1M -10.6% YoY

FNV Cash Flow Statement

FNV Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$1,196.5M$1,009.4M($541.1M)($230.1M)$5,400.0K$1,440.1M

FNV Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,009.4M -0.2% YoY

Capital Expenditure (CAPEX)

($531.2M) +270.4% YoY

Free Cash Flow (FCF)

$478.2M -44.8% YoY

FNV Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
% growth
3.3
0.0%
151.0
4,503.5%
199.7
32.2%
233.3
16.8%
411.2
76.2%
427.0
3.8%
400.9
(6.1%)
442.4
10.4%
443.6
0.3%
610.2
37.6%
675.0
10.6%
653.2
(3.2%)
844.1
29.2%
1,020.2
20.9%
1,300.0
27.4%
1,315.7
1.2%
1,219.0
(7.3%)
Cost of Goods Sold (COGS)0.28.16.68.063.3185.9189.5236.0309.4379.6415.0365.9408.0399.8477.9463.1452.4
% margin
3.1
94.7%
142.9
94.6%
193.1
96.7%
225.3
96.6%
347.9
84.6%
241.1
56.5%
211.4
52.7%
206.4
46.7%
134.2
30.3%
230.6
37.8%
260.0
38.5%
287.3
44.0%
436.1
51.7%
620.4
60.8%
822.1
63.2%
852.6
64.8%
766.6
62.9%
Operating Expenses33.9102.8105.7111.0151.220.018.218.617.824.124.922.628.826.830.832.61,194.6
Research & Development Expenses (R&D)0.01.42.22.52.62.63.02.22.73.43.60.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)1.013.814.515.918.017.415.216.415.120.721.322.628.826.830.832.628.9
(30.8)
(937.6%)
31.6
20.9%
87.1
43.6%
108.7
46.6%
28.0
6.8%
138.4
32.4%
49.6
12.4%
156.3
35.3%
53.5
12.1%
155.4
25.5%
235.4
34.9%
188.8
28.9%
410.2
48.6%
592.5
58.1%
860.7
66.2%
820.7
62.4%
(428.0)
(35.1%)
Interest Income0.05.31.93.94.39.63.53.95.33.55.43.13.53.73.712.652.3
Interest Expense0.11.71.72.32.31.11.91.62.93.63.44.610.60.40.30.12.9
Pre-tax Income(33.6)36.098.6108.139.1154.934.0157.048.5167.9236.0189.1405.9339.5857.8833.7(364.2)
% effective tax rate
(0.5)
1.6%
(4.3)
(12.0%)
17.8
18.0%
33.9
31.3%
45.9
117.4%
52.3
33.8%
22.3
65.6%
50.3
32.0%
23.9
49.3%
45.7
27.2%
41.3
17.5%
50.1
26.5%
61.8
15.2%
13.3
3.9%
124.1
14.5%
133.1
16.0%
102.2
(28.1%)
% margin
(33.1)
(1,008.2%)
40.3
26.7%
80.9
40.5%
74.2
31.8%
(6.8)
(1.7%)
102.6
24.0%
11.7
2.9%
106.7
24.1%
24.6
5.5%
122.2
20.0%
194.7
28.8%
139.0
21.3%
344.1
40.8%
326.2
32.0%
733.7
56.4%
700.6
53.2%
(466.4)
(38.3%)
EPS(0.39)0.410.760.55(0.05)0.720.080.710.160.701.070.751.881.803.813.51(2.43)
Diluted EPS(0.39)0.410.750.55(0.05)0.710.080.700.160.691.070.751.871.803.803.51(2.43)
% margin
(31.1)
(949.1%)
125.3
82.9%
188.7
94.5%
193.1
82.8%
329.9
80.2%
357.4
83.7%
326.0
81.3%
321.7
72.7%
338.0
76.2%
445.3
73.0%
530.8
78.6%
438.3
67.1%
673.4
79.8%
614.9
60.3%
1,157.7
89.1%
1,106.9
84.1%
(91.0)
(7.5%)