FNV · NYSE · STOCK
Franco-Nevada (FNV) Stock Analysis
$245.09
52W $181.50 – $285.67
59/100
$47.22B
32.0
0.94
Is FNV Bullish or Bearish?
Bullish.
Innellis AI committee rates Franco-Nevada Corporation (FNV) Buy with a composite score of 59/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.52 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.48 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 73.6% yoy -- genuine top-line momentum. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 19.1% shows genuine earnings power backing the valuation — Value
- Revenue growing 73.6% YoY -- genuine top-line momentum — Growth
- EPS growing 87.9% YoY — Growth
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.20 across 15 articles, 14d) — News
Bear Case
- P/E of 31.4 is moderate-to-rich — Value
- Price-to-book of 5.1x prices in significant intangible value — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 17.8% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
59/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 35%
of 99 Basic Materials peers
Value Analyst
neutral
54
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 19.1% shows genuine earnings power backing the valuation
− P/E of 31.4 is moderate-to-rich
Growth Analyst
bullish
68
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 73.6% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 17.8% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 15 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 59.5 to 59.5.
- New bearish signals: 3 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +2 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
47.7
Neutral
MACD Histogram
-1.684
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$219.24
Resistance
$272.72
Bollinger %B
0.35
Inside Bands
Price vs Moving Averages
EMA 9
$243.74
Above
EMA 21
$248.66
Below
EMA 50
$246.87
Below
EMA 200
$231.69
Above
Fundamental Analysis
Valuation
56
Growth
44
Profitability
93
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
32.0×
P/B Ratio
5.74×
PEG Ratio
0.36
Dividend Yield
0.69%
52W High
$285.67
52W Low
$181.50
Quality & Growth
ROE
1459.2%
ROA
1351.9%
Gross Margin
7732.0%
Operating Margin
7561.1%
Revenue Growth YoY
—
Debt / Equity
0.00
AI Fundamental Assessment
P/E ratio of 32.0 (rich relative to a 15-40x range); Price-to-book of 5.7x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 14.6%; Return on assets of 13.5%; Net margin of 63.8%; Gross margin of 77.3%; Current ratio of 9.38 (healthy short-term liquidity); Debt-to-equity of 0.00; Free cash flow per share is positive (4.61); Most recent quarter missed estimates by 15.1%; EPS growth decelerating (+28.6% -> -23.9% QoQ); Analyst estimates rising over recent quarters
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