Franco-Nevada Corporation (FNV) - Net Assets
Based on the latest financial reports, Franco-Nevada Corporation (FNV) has net assets worth CA$7.62 Billion CAD (≈ $5.51 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$8.23 Billion ≈ $5.95 Billion USD) and total liabilities (CA$605.00 Million ≈ $437.65 Million USD). 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. Check how resilient are Franco-Nevada Corporation's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.62 Billion |
| % of Total Assets | 92.65% |
| Annual Growth Rate | 10.38% |
| 5-Year Change | 26.49% |
| 10-Year Change | 83.8% |
| Growth Volatility | 13.16 |
Franco-Nevada Corporation - Net Assets Trend (2007–2025)
This chart illustrates how Franco-Nevada Corporation's net assets have evolved over time, based on quarterly financial data. Also explore FNV current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Franco-Nevada Corporation (2007–2025)
The table below shows the annual net assets of Franco-Nevada Corporation from 2007 to 2025. For live valuation and market cap data, see FNV market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$7.62 Billion ≈ $5.51 Billion |
+27.10% |
| 2024-12-31 | CA$6.00 Billion ≈ $4.34 Billion |
+3.94% |
| 2023-12-31 | CA$5.77 Billion ≈ $4.17 Billion |
-10.11% |
| 2022-12-31 | CA$6.42 Billion ≈ $4.64 Billion |
+6.51% |
| 2021-12-31 | CA$6.03 Billion ≈ $4.36 Billion |
+10.68% |
| 2020-12-31 | CA$5.44 Billion ≈ $3.94 Billion |
+7.54% |
| 2019-12-31 | CA$5.06 Billion ≈ $3.66 Billion |
+9.29% |
| 2018-12-31 | CA$4.63 Billion ≈ $3.35 Billion |
-1.56% |
| 2017-12-31 | CA$4.71 Billion ≈ $3.40 Billion |
+13.48% |
| 2016-12-31 | CA$4.15 Billion ≈ $3.00 Billion |
+31.09% |
| 2015-12-31 | CA$3.16 Billion ≈ $2.29 Billion |
-7.12% |
| 2014-12-31 | CA$3.41 Billion ≈ $2.46 Billion |
+14.90% |
| 2013-12-31 | CA$2.96 Billion ≈ $2.14 Billion |
-5.88% |
| 2012-12-31 | CA$3.15 Billion ≈ $2.28 Billion |
+11.11% |
| 2011-12-31 | CA$2.83 Billion ≈ $2.05 Billion |
+34.83% |
| 2010-12-31 | CA$2.10 Billion ≈ $1.52 Billion |
+8.90% |
| 2009-12-31 | CA$1.93 Billion ≈ $1.40 Billion |
+34.64% |
| 2008-12-31 | CA$1.43 Billion ≈ $1.04 Billion |
+11.39% |
| 2007-12-31 | CA$1.29 Billion ≈ $931.04 Million |
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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 141036797000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.38 Billion | 18.07% |
| Common Stock | CA$5.79 Billion | 76.01% |
| Other Comprehensive Income | CA$429.72 Million | 5.64% |
| Other Components | CA$21.56 Million | 0.28% |
| Total Equity | CA$7.62 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 |
|---|---|
|
ST GOBAIN ADR 1/5/EO 4
F:GOBU
|
$42.89 Billion |
|
DnB ASA
OL:DNB
|
$42.91 Billion |
|
Aselsan Elektronik Sanayi ve Ticaret AS
IS:ASELS
|
$42.92 Billion |
|
Chipotle Mexican Grill Inc
NYSE:CMG
|
$42.95 Billion |
|
Kroger Company
NYSE:KR
|
$42.89 Billion |
|
Heineken
AS:HEIA
|
$42.88 Billion |
|
CSL Ltd
AU:CSL
|
$42.85 Billion |
|
Telstra Group Ltd
AU:TLS
|
$42.76 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 2024 to 2025, total equity changed from 5,996,600,000 to 7,621,404,899, a change of 1,624,804,899 (27.1%).
- Net income of 1,131,567,903 contributed positively to equity growth.
- Dividend payments of 279,915,771 reduced retained earnings.
- Other comprehensive income increased equity by 711,716,554.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.13 Billion | +14.85% |
| Dividends Paid | CA$279.92 Million | -3.67% |
| Other Comprehensive Income | CA$711.72 Million | +9.34% |
| Other Changes | CA$61.44 Million | +0.81% |
| Total Change | CA$- | 27.10% |
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: 7.79x
- 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 20.46x to 7.79x 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 | CA$15.03 | CA$307.53 | x |
| 2008-12-31 | CA$14.61 | CA$307.53 | x |
| 2009-12-31 | CA$18.00 | CA$307.53 | x |
| 2010-12-31 | CA$18.35 | CA$307.53 | x |
| 2011-12-31 | CA$22.71 | CA$307.53 | x |
| 2012-12-31 | CA$21.93 | CA$307.53 | x |
| 2013-12-31 | CA$20.15 | CA$307.53 | x |
| 2014-12-31 | CA$22.59 | CA$307.53 | x |
| 2015-12-31 | CA$20.20 | CA$307.53 | x |
| 2016-12-31 | CA$23.62 | CA$307.53 | x |
| 2017-12-31 | CA$25.80 | CA$307.53 | x |
| 2018-12-31 | CA$24.97 | CA$307.53 | x |
| 2019-12-31 | CA$26.93 | CA$307.53 | x |
| 2020-12-31 | CA$28.55 | CA$307.53 | x |
| 2021-12-31 | CA$31.62 | CA$307.53 | x |
| 2022-12-31 | CA$33.44 | CA$307.53 | x |
| 2023-12-31 | CA$30.00 | CA$307.53 | x |
| 2024-12-31 | CA$31.13 | CA$307.53 | x |
| 2025-12-31 | CA$39.49 | CA$307.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franco-Nevada Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 61.06%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.08x
- Recent ROE (14.85%) is above the historical average (4.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -2.57% | -1008.20% | 0.00x | 1.04x | CA$-161.78 Million |
| 2008 | 2.81% | 26.71% | 0.10x | 1.05x | CA$-103.01 Million |
| 2009 | 4.19% | 40.49% | 0.10x | 1.05x | CA$-112.15 Million |
| 2010 | 3.53% | 31.82% | 0.10x | 1.06x | CA$-135.97 Million |
| 2011 | -0.24% | -1.65% | 0.14x | 1.02x | CA$-290.22 Million |
| 2012 | 3.26% | 24.03% | 0.13x | 1.03x | CA$-212.31 Million |
| 2013 | 0.39% | 2.92% | 0.13x | 1.03x | CA$-284.68 Million |
| 2014 | 3.13% | 24.12% | 0.13x | 1.02x | CA$-233.85 Million |
| 2015 | 0.78% | 5.55% | 0.12x | 1.16x | CA$-291.70 Million |
| 2016 | 2.95% | 20.03% | 0.14x | 1.02x | CA$-292.45 Million |
| 2017 | 4.14% | 28.84% | 0.14x | 1.02x | CA$-275.85 Million |
| 2018 | 3.00% | 21.28% | 0.13x | 1.06x | CA$-324.19 Million |
| 2019 | 6.80% | 40.77% | 0.16x | 1.04x | CA$-162.12 Million |
| 2020 | 5.99% | 31.97% | 0.18x | 1.03x | CA$-218.18 Million |
| 2021 | 12.18% | 56.44% | 0.21x | 1.03x | CA$131.18 Million |
| 2022 | 10.92% | 53.25% | 0.20x | 1.03x | CA$58.84 Million |
| 2023 | -8.08% | -38.26% | 0.20x | 1.04x | CA$-1.04 Billion |
| 2024 | 9.21% | 49.58% | 0.18x | 1.06x | CA$-47.56 Million |
| 2025 | 14.85% | 61.06% | 0.23x | 1.08x | CA$369.43 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: $503,278,506
- Average return on equity (ROE) among peers: -30.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franco-Nevada Corporation (FNV) | CA$7.62 Billion | -2.57% | 0.08x | $42.89 Billion |
| Allied Gold Corporation (AAUC) | $381.03 Million | -54.71% | 1.51x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $31.66 Million | 1.13% | 0.45x | $86.06 Million |
| Barrick Gold Corp (ABX) | $3.56 Billion | 6.97% | 0.76x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $211.31 Million | -3.62% | 0.87x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $783.33 Million | -0.27% | 0.12x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $4.69 Million | -71.34% | 0.07x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-3.11 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $15.01 Million | -10.64% | 0.03x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $45.22 Million | -8.90% | 0.05x | $24.82 Million |
About 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 Africa. 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 engages in th… Read more