Franco-Nevada Corp
TSX:FNV

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Franco-Nevada Corp
TSX:FNV
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Price: 295.69 CAD 0.23% Market Closed
Market Cap: 57B CAD

Relative Value

The Relative Value of one FNV stock under the Base Case scenario is 176.3 CAD. Compared to the current market price of 295.69 CAD, Franco-Nevada Corp is Overvalued by 40%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FNV Relative Value
Base Case
176.3 CAD
Overvaluation 40%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
27
Median 3Y
22
Median 5Y
21.8
Industry
2
Forward
23.7
vs History
20
vs Industry
4
Median 3Y
39.2
Median 5Y
39.2
Industry
18.8
Forward
40.2
vs History
17
vs Industry
6
Median 3Y
27.5
Median 5Y
27.9
Industry
10.9
vs History
vs Industry
4
Median 3Y
47.2
Median 5Y
51.4
Industry
18.4
vs History
1
vs Industry
13
Median 3Y
4.1
Median 5Y
4.3
Industry
2.1
vs History
3
vs Industry
26
Median 3Y
20.8
Median 5Y
21
Industry
2.5
Forward
23.5
vs History
11
vs Industry
8
Median 3Y
32
Median 5Y
32.6
Industry
8.3
vs History
6
vs Industry
6
Median 3Y
24.7
Median 5Y
25.1
Industry
12.3
Forward
26.6
vs History
12
vs Industry
5
Median 3Y
33.3
Median 5Y
33.8
Industry
14.9
Forward
33.5
vs History
14
vs Industry
7
Median 3Y
26.5
Median 5Y
26.8
Industry
12.4
vs History
vs Industry
3
Median 3Y
44.7
Median 5Y
45
Industry
16.8
vs History
1
vs Industry
13
Median 3Y
4.7
Median 5Y
4.7
Industry
1.9

Multiples Across Competitors

FNV Competitors Multiples
Franco-Nevada Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Franco-Nevada Corp
TSX:FNV
57B CAD 26.8 45 30.7 38.7
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 739 36 534.3 20 154.9 23 129
ZA
Gold Fields Ltd
JSE:GFI
677.4B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
221.3B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
836.9B CNY 2.5 18.3 16.3 16.3
US
Newmont Corporation
NYSE:NEM
107.1B USD 5 14.9 9 11.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
116.3B CAD 8 24.5 12.1 15.8
AU
Greatland Gold PLC
ASX:GGP
124.8B AUD 64.7 183.8 132.4 148.6
CA
Barrick Mining Corp
F:ABR0
62.8B EUR 5 20.6 8.8 11.2
CA
Barrick Gold Corp
TSX:ABX
100B CAD 5 20.3 8.7 11.1
CA
Wheaton Precious Metals Corp
TSX:WPM
73.4B CAD 29.2 53.3 38.9 49.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBITDA: 2 268
30.7
29%
1.1
RU
P
Polyus PJSC
LSE:PLZL
20 154.9
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
34%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
16.3
33%
0.5
US
Newmont Corporation
NYSE:NEM
9
24%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
12.1
27%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
132.4
-5%
N/A
CA
Barrick Mining Corp
F:ABR0
8.8
33%
0.3
CA
Barrick Gold Corp
TSX:ABX
8.7
33%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
38.9
32%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBIT: 2 603.5
38.7
29%
1.3
RU
P
Polyus PJSC
LSE:PLZL
23 129
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
39%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
32%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
16.3
27%
0.6
US
Newmont Corporation
NYSE:NEM
11.5
30%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.8
36%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
148.6
-3%
N/A
CA
Barrick Mining Corp
F:ABR0
11.2
43%
0.3
CA
Barrick Gold Corp
TSX:ABX
11.1
43%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
49.6
28%
1.8