Franco-Nevada Corporation
Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and internationally. It operates through Precious Metals, Other Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and enga… Read more
Franco-Nevada Corporation (FNV) - Net Assets
Latest net assets as of September 2025: $6.99 Billion USD
Based on the latest financial reports, Franco-Nevada Corporation (FNV) has net assets worth $6.99 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.51 Billion) and total liabilities ($517.10 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.99 Billion |
| % of Total Assets | 93.11% |
| Annual Growth Rate | 9.47% |
| 5-Year Change | 10.15% |
| 10-Year Change | 89.59% |
| Growth Volatility | 14.1 |
Franco-Nevada Corporation - Net Assets Trend (2007–2024)
This chart illustrates how Franco-Nevada Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Franco-Nevada Corporation (2007–2024)
The table below shows the annual net assets of Franco-Nevada Corporation from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.00 Billion | +3.94% |
| 2023-12-31 | $5.77 Billion | -10.11% |
| 2022-12-31 | $6.42 Billion | +6.51% |
| 2021-12-31 | $6.03 Billion | +10.68% |
| 2020-12-31 | $5.44 Billion | +7.54% |
| 2019-12-31 | $5.06 Billion | +9.29% |
| 2018-12-31 | $4.63 Billion | -1.56% |
| 2017-12-31 | $4.71 Billion | +13.48% |
| 2016-12-31 | $4.15 Billion | +31.09% |
| 2015-12-31 | $3.16 Billion | -7.12% |
| 2014-12-31 | $3.41 Billion | +14.90% |
| 2013-12-31 | $2.96 Billion | -5.88% |
| 2012-12-31 | $3.15 Billion | +11.11% |
| 2011-12-31 | $2.83 Billion | +43.10% |
| 2010-12-31 | $1.98 Billion | +2.61% |
| 2009-12-31 | $1.93 Billion | +34.64% |
| 2008-12-31 | $1.43 Billion | +11.39% |
| 2007-12-31 | $1.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franco-Nevada Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 51957900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $486.50 Million | 8.11% |
| Common Stock | $5.77 Billion | 96.21% |
| Other Comprehensive Income | $-282.00 Million | -4.70% |
| Other Components | $23.00 Million | 0.38% |
| Total Equity | $6.00 Billion | 100.00% |
Franco-Nevada Corporation Competitors by Market Cap
The table below lists competitors of Franco-Nevada Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lumentum Holdings Inc
NASDAQ:LITE
|
$40.18 Billion |
|
Sysco Corporation
NYSE:SYY
|
$40.36 Billion |
|
Tesco PLC
PINK:TSCDY
|
$40.42 Billion |
|
ALIMENTATION COUCHE-TARD
F:CJA1
|
$40.51 Billion |
|
COHERENT CORP.
F:H7B
|
$40.03 Billion |
|
Givaudan SA
PINK:GVDBF
|
$40.03 Billion |
|
PG&E Corp
NYSE:PCG
|
$39.92 Billion |
|
Kimco Realty Corporation
NYSE:KIM-PN
|
$39.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franco-Nevada Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,769,100,000 to 5,996,600,000, a change of 227,500,000 (3.9%).
- Net income of 552,100,000 contributed positively to equity growth.
- Dividend payments of 242,400,000 reduced retained earnings.
- Other comprehensive income decreased equity by 90,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $552.10 Million | +9.21% |
| Dividends Paid | $242.40 Million | -4.04% |
| Other Comprehensive Income | $-90.00 Million | -1.5% |
| Other Changes | $7.80 Million | +0.13% |
| Total Change | $- | 3.94% |
Book Value vs Market Value Analysis
This analysis compares Franco-Nevada Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.16x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.91x to 8.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $15.03 | $254.13 | x |
| 2008-12-31 | $14.61 | $254.13 | x |
| 2009-12-31 | $18.00 | $254.13 | x |
| 2010-12-31 | $17.29 | $254.13 | x |
| 2011-12-31 | $22.71 | $254.13 | x |
| 2012-12-31 | $21.93 | $254.13 | x |
| 2013-12-31 | $20.15 | $254.13 | x |
| 2014-12-31 | $22.59 | $254.13 | x |
| 2015-12-31 | $20.26 | $254.13 | x |
| 2016-12-31 | $23.62 | $254.13 | x |
| 2017-12-31 | $25.80 | $254.13 | x |
| 2018-12-31 | $24.97 | $254.13 | x |
| 2019-12-31 | $26.93 | $254.13 | x |
| 2020-12-31 | $28.55 | $254.13 | x |
| 2021-12-31 | $31.46 | $254.13 | x |
| 2022-12-31 | $33.44 | $254.13 | x |
| 2023-12-31 | $30.05 | $254.13 | x |
| 2024-12-31 | $31.13 | $254.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franco-Nevada Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 49.58%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.06x
- Recent ROE (9.21%) is above the historical average (3.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -2.57% | -1008.20% | 0.00x | 1.04x | $-161.78 Million |
| 2008 | 2.81% | 26.71% | 0.10x | 1.05x | $-103.01 Million |
| 2009 | 4.19% | 40.49% | 0.10x | 1.05x | $-112.15 Million |
| 2010 | 3.17% | 27.60% | 0.11x | 1.01x | $-135.36 Million |
| 2011 | -0.24% | -1.65% | 0.14x | 1.02x | $-290.22 Million |
| 2012 | 3.26% | 24.03% | 0.13x | 1.03x | $-212.31 Million |
| 2013 | 0.39% | 2.92% | 0.13x | 1.03x | $-284.68 Million |
| 2014 | 3.13% | 24.12% | 0.13x | 1.02x | $-233.85 Million |
| 2015 | 0.78% | 5.55% | 0.12x | 1.16x | $-291.70 Million |
| 2016 | 2.95% | 20.03% | 0.14x | 1.02x | $-292.45 Million |
| 2017 | 4.14% | 28.84% | 0.14x | 1.02x | $-275.85 Million |
| 2018 | 2.85% | 21.28% | 0.13x | 1.06x | $-331.28 Million |
| 2019 | 6.96% | 40.77% | 0.16x | 1.04x | $-154.12 Million |
| 2020 | 6.31% | 32.16% | 0.19x | 1.03x | $-200.95 Million |
| 2021 | 12.07% | 56.43% | 0.21x | 1.03x | $124.72 Million |
| 2022 | 10.48% | 53.19% | 0.19x | 1.03x | $31.08 Million |
| 2023 | -8.08% | -38.26% | 0.20x | 1.04x | $-1.04 Billion |
| 2024 | 9.21% | 49.58% | 0.18x | 1.06x | $-47.56 Million |
Industry Comparison
This section compares Franco-Nevada Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $64,325,376
- Average return on equity (ROE) among peers: -10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franco-Nevada Corporation (FNV) | $6.99 Billion | -2.57% | 0.07x | $40.13 Billion |
| Almadex Minerals Ltd (AAMMF) | $12.07 Million | -62.71% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $-384.17K | 0.00% | 0.00x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $34.66 Million | 7.00% | 0.43x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $9.11 Million | -8.65% | 0.10x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $725.00K | -10.41% | 0.01x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $148.06 Million | -5.06% | 0.90x | $105.35 Billion |
| Affinity Gold Corp (AFYG) | $-7.09K | 0.00% | 0.00x | $4.68K |
| Andes Gold Corp (AGCZ) | $6.95 Million | 13.98% | 0.15x | $0.97 |
| Antioquia Gold Inc (AGDXF) | $15.76 Million | -15.80% | 0.03x | $1.44 Million |