Franco-Nevada Corporation
FNV
Market Cap$41.91B
Close$
Earnings Call Q2 2025
August 11, 2025 - AI Summary
Record Financial Performance: Franco-Nevada reported a record revenue of $369.4 million for Q2 2025, a 42% increase year-over-year (YOY) compared to $260.6 million in Q2 2024. Adjusted EBITDA rose by 65% YOY to $365.7 million, demonstrating strong operational performance and benefiting from high precious metal prices, particularly gold prices which increased by 40% compared to the previous year.
Copper and Gold Projects Outlook: The company has an optimistic outlook for its existing portfolio with expected growth from three projects moving ahead in the U.S. permitting process: Perpetua's Stibnite Gold, Hudbay's Copper World, and the Castle Mountain project now included in the FAST-41 permitting process. Additionally, the new management team at SolGold aims for potential first production from Cascabel as early as 2028, indicating significant long-term growth prospects.
Cobre Panama Situation: The approval of the preservation and maintenance plan for Cobre Panama and the shipment of remaining copper concentrate were noted as constructive developments. Franco-Nevada suspended arbitration proceedings to facilitate a positive resolution. If production resumes, it could provide a substantial boost, with approximately 10,000 gold equivalent ounces expected from the mine in Q3 2025.
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$58.62
73.1% downside
Current Fair Value
73.1% downsideOvervalued by 73.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $41.91 Billion |
|---|---|
| Enterprise Value | $41.80 Billion |
| Dividend Yield | $1.50 (0.69%) |
| Earnings per Share | $2.87 |
| Beta | 0.53 |
| Outstanding Shares | 192,700,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 53.42 |
|---|---|
| PEG | 25.33 |
| Price to Sales | 36.26 |
| Price to Book Ratio | 6.4 |
| Enterprise Value to Revenue | 31.4 |
| Enterprise Value to EBIT | 41.65 |
| Enterprise Value to Net Income | 53 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.01 |
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...