Franco-Nevada Corporation
FNV
Market Cap$31.76B
Close$
Earnings Call Q4 2024
March 10, 2025 - AI Summary
Strong 2024 Performance: Franco-Nevada reported a solid fourth quarter, achieving GEO sales of 463,334, near the top of its revised guidance range of 445,000 to 465,000 GEOs for the year. Revenue for Q4 reached $321 million, a 5.8% increase year-over-year, driven by significant contributions from Candelaria and new mines like Tocantinzinho and Greenstone.
2025 Guidance and Growth Prospects: For 2025, the company is guiding total GEOs sold between 465,000 to 525,000, which reflects a 7% increase year-over-year. They expect contributions from recently acquired assets, including Sibanye's Western Limb operations and the Porcupine Complex royalty, as well as ramp-ups from existing mines, projecting a potential revenue increase of 25% in 2025 at budgeted prices.
Cobre Panama Update and Risks: Ongoing negotiations regarding Cobre Panama pose potential challenges. President Mulino's desire for a new deal could impact Franco-Nevada’s stream and royalty agreements. The company currently has a separate arbitration process that could be on hold if negotiations proceed, but any shifts in terms could affect long-term revenue forecasts.
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$51.11
69.1% downside
Current Fair Value
69.1% downsideOvervalued by 69.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $31.76 Billion |
|---|---|
| Enterprise Value | $30.31 Billion |
| Dividend Yield | $1.46 (0.885277710405045%) |
| Earnings per Share | $2.87 |
| Beta | 0.81 |
| Outstanding Shares | 192,552,695 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 57.52 |
|---|---|
| PEG | -449.62 |
| Price to Sales | 33.05 |
| Price to Book Ratio | 5.33 |
| Enterprise Value to Revenue | 27.48 |
| Enterprise Value to EBIT | 42.8 |
| Enterprise Value to Net Income | -48 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Franco-Nevada Corporation
Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. The Company has the largest and most diversified portfolio of royalties an...