Franco-Nevada Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 30, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	38,129	21,828	19,317	24,457	23,240	19,540
Market Cap Growth	63.32%	13.00%	-21.02%	5.24%	18.93%	12.48%
Enterprise Value	37,887	20,633	18,115	23,454	22,935	19,141
Last Close Price	200.90	112.52	99.12	124.35	114.00	98.97
PE Ratio	48.64	40.93	-	37.31	36.02	73.28
PS Ratio	29.21	20.50	17.55	19.90	20.37	23.50
PB Ratio	6.39	3.77	3.70	4.07	4.39	4.39
P/TBV Ratio	6.39	3.77	3.70	4.07	4.39	4.39
P/FCF Ratio	-	53.62	45.47	30.46	135.61	48.65
P/OCF Ratio	34.15	27.24	21.54	26.15	27.66	29.73
EV/Sales Ratio	28.62	19.38	16.45	19.08	20.10	23.02
EV/EBITDA Ratio	31.58	22.51	19.71	22.65	23.88	27.89
EV/EBIT Ratio	39.37	29.52	-	30.54	30.31	68.77
EV/FCF Ratio	-51.91	50.68	42.64	29.21	133.83	47.66
Asset Turnover	0.22	0.18	0.19	0.21	0.22	0.19
Inventory Turnover	301.20	32.44	590.67	582.67	351.80	63.63
Quick Ratio	4.32	23.75	39.10	26.54	15.26	11.80
Current Ratio	4.64	25.43	41.21	27.55	17.39	12.48
Return on Equity (ROE)	14.17%	9.38%	-7.65%	11.26%	12.79%	6.21%
Return on Assets (ROA)	10.07%	7.34%	-4.27%	7.99%	9.12%	3.91%
Return on Invested Capital (ROIC)	13.30%	11.76%	-9.00%	12.88%	14.16%	6.60%
Return on Capital Employed (ROCE)	15.00%	11.60%	-7.20%	12.50%	14.00%	6.10%
Earnings Yield	2.06%	2.44%	-2.18%	2.68%	2.78%	1.36%
FCF Yield	-1.91%	1.86%	2.20%	3.28%	0.74%	2.05%
Dividend Yield	0.60%	1.24%	1.24%	0.96%	0.90%	0.85%
Payout Ratio	28.98%	43.91%	-	28.20%	24.48%	47.49%
Buyback Yield / Dilution	-0.35%	-0.16%	-0.21%	-0.21%	-0.42%	-1.44%
Total Shareholder Return	0.25%	1.08%	1.03%	0.75%	0.47%	-0.58%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.