Franco-Nevada Corp
TSX:FNV

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Franco-Nevada Corp
TSX:FNV
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Price: 169.98 CAD -0.06% Market Closed
Market Cap: 32.7B CAD
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Relative Value

The Relative Value of one FNV stock under the Base Case scenario is 89.31 CAD. Compared to the current market price of 169.98 CAD, Franco-Nevada Corp is Overvalued by 47%.

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
89.31 CAD
Overvaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
60
vs Industry
29
Median 3Y
20.3
Median 5Y
21.7
Industry
1.8
Forward
20.8
vs History
vs Industry
7
Median 3Y
33.8
Median 5Y
39
Industry
15.8
Forward
36.9
vs History
65
vs Industry
6
Median 3Y
26.9
Median 5Y
28.1
Industry
9.4
vs History
42
vs Industry
5
Median 3Y
49.4
Median 5Y
57.4
Industry
15.4
vs History
77
vs Industry
13
Median 3Y
4.1
Median 5Y
4.1
Industry
1.5
vs History
60
vs Industry
27
Median 3Y
19.7
Median 5Y
20.8
Industry
2.2
Forward
19.6
vs History
69
vs Industry
11
Median 3Y
30.7
Median 5Y
33
Industry
7.4
vs History
65
vs Industry
7
Median 3Y
23.5
Median 5Y
25.1
Industry
10.4
Forward
22.9
vs History
68
vs Industry
6
Median 3Y
32.2
Median 5Y
34.4
Industry
13.1
Forward
29.8
vs History
69
vs Industry
9
Median 3Y
25.5
Median 5Y
27.3
Industry
10.6
vs History
39
vs Industry
4
Median 3Y
46
Median 5Y
48
Industry
13.5
vs History
71
vs Industry
14
Median 3Y
4.6
Median 5Y
4.7
Industry
1.3

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
32.7B CAD 21 -37.9 23.5 31.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 15 191.9 47 280.3 26 083.2 29 932.1
ZA
Gold Fields Ltd
JSE:GFI
232.3B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
100.9B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
412B CNY 1.4 14.1 12.3 12.3
US
Newmont Corporation
NYSE:NEM
45.9B USD 2.7 -37.8 9.1 16.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
59.1B CAD 5.3 41.2 9.9 15.5
CA
Barrick Gold Corp
TSX:ABX
40.7B CAD 2.3 17.6 5.3 8.3
CA
Wheaton Precious Metals Corp
TSX:WPM
38.8B CAD 22.4 44.7 29.2 40.1
RU
Polyus PAO
MOEX:PLZL
1.8T RUB 3.4 7.2 6.2 7
CN
Shandong Gold Mining Co Ltd
SSE:600547
106B CNY 1.2 41.1 17.5 17.5
P/E Multiple
Earnings Growth P/E to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average P/E: 6 778
Negative Multiple: -37.9
N/A N/A
RU
P
Polyus PJSC
LSE:PLZL
47 280.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
192%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
99%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
14.1
102%
0.1
US
Newmont Corporation
NYSE:NEM
Negative Multiple: -37.8 N/A N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
41.2
12%
3.5
CA
Barrick Gold Corp
TSX:ABX
17.6
163%
0.1
CA
Wheaton Precious Metals Corp
TSX:WPM
44.7
54%
0.8
RU
Polyus PAO
MOEX:PLZL
7.2
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
41.1
155%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBITDA: 2 910.7
23.5
31%
0.8
RU
P
Polyus PJSC
LSE:PLZL
26 083.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
63%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
97%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
140%
0.1
US
Newmont Corporation
NYSE:NEM
9.1
247%
0
CA
Agnico Eagle Mines Ltd
TSX:AEM
9.9
54%
0.2
CA
Barrick Gold Corp
TSX:ABX
5.3
70%
0.1
CA
Wheaton Precious Metals Corp
TSX:WPM
29.2
76%
0.4
RU
Polyus PAO
MOEX:PLZL
6.2
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
17.5
258%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBIT: 3 342.3
31.5
14%
2.3
RU
P
Polyus PJSC
LSE:PLZL
29 932.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
93%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
45%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
95%
0.1
US
Newmont Corporation
NYSE:NEM
16.7
912%
0
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.5
62%
0.3
CA
Barrick Gold Corp
TSX:ABX
8.3
106%
0.1
CA
Wheaton Precious Metals Corp
TSX:WPM
40.1
84%
0.5
RU
Polyus PAO
MOEX:PLZL
7
N/A N/A
CN
Shandong Gold Mining Co Ltd
SSE:600547
17.5
140%
0.1

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