Franco-Nevada Corporation (FNV) vs Newmont Corporation (NEM)

Franco-Nevada Corporation and Newmont Corporation are both Gold companies. Newmont Corporation is the larger, with a market value of $127.5B against $50.1B — 2.5× the size. Newmont Corporation trades at the lower P/E: 15.3× against 33.6×. Franco-Nevada Corporation grew revenue faster over the last twelve months: 73.6% against 25.2%. Franco-Nevada Corporation has the higher net margin (63.8% vs 33.4%) and the lower return on invested capital (15.7% vs 25.9%). Both pay a dividend; Newmont Corporation yields more (5.15% vs 1.28%). Across the 23 metrics below, Newmont Corporation leads on 13 and Franco-Nevada Corporation on 10.

Valuation

Metric FNV NEM Gold median
P/E 33.62 15.29 23.34
P/S 21.47 5.02 5.02
P/B 6.04 3.65 3.53
Price to free cash flow 49.41 12.97 16.73
EV/EBITDA 22.70 8.04 8.34
EV/Sales 21.11 4.92 4.92
Earnings yield 2.97% 6.54% 1.44%
Free cash flow yield 2.02% 7.71% 0.75%

Profitability

Metric FNV NEM Gold median
Gross margin 77.32% 68.94% 50.00%
Operating margin 78.46% 51.25% 26.32%
Net margin 63.79% 33.36% 12.30%
Free cash flow margin 43.46% 38.69% 0.00%
Return on equity 19.91% 25.40% 6.36%
Return on assets 18.54% 15.24% 0.00%
Return on invested capital 15.72% 25.90% 0.52%

Growth

Metric FNV NEM Gold median
Revenue growth (TTM) 73.59% 25.18% 68.15%
EPS growth (last fiscal year) 100.70% 118.84% —
Revenue growth, 5-year CAGR 12.31% 14.54% 16.12%
Net income growth, 5-year CAGR 27.80% 20.15% 0.00%

Health

Metric FNV NEM Gold median
Debt to equity 0.00 0.15 0.10
Current ratio 9.38 2.55 3.08
Net debt to EBITDA (0.41) (0.21) 0.00

Dividend

Metric FNV NEM Gold median
Dividend yield 1.28% 5.15% 1.49%
Payout ratio 0.38 1.80 0.00

Size

Metric FNV NEM Gold median
Market cap 50.12b 127.49b 1.96b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack