Franco-Nevada Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 19, 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	37,192	18,051	16,763	21,693	19,519	17,507
Market Cap Growth	70.35%	7.69%	-22.73%	11.14%	11.49%	18.93%
Enterprise Value	36,981	17,063	15,720	20,803	19,263	17,150
Last Close Price	191.92	91.96	85.18	109.56	98.22	91.09
PE Ratio	54.35	40.93	-	37.31	36.02	73.28
PS Ratio	32.65	20.50	17.55	19.90	20.37	23.50
PB Ratio	7.14	3.77	3.70	4.07	4.39	4.39
P/TBV Ratio	7.14	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	38.16	27.24	21.54	26.15	27.66	29.73
EV/Sales Ratio	32.03	19.38	16.45	19.08	20.10	23.02
EV/EBITDA Ratio	35.34	22.51	19.71	22.65	23.88	27.89
EV/EBIT Ratio	44.05	29.52	-	30.54	30.31	68.77
EV/FCF Ratio	-58.05	50.68	42.64	29.21	133.83	47.66
Net Debt / Equity Ratio	-0.04	-0.24	-0.25	-0.19	-0.09	-0.10
Net Debt / EBITDA Ratio	-0.20	-1.53	-1.40	-1.08	-0.49	-0.64
Net Debt / FCF Ratio	0.33	-3.44	-3.03	-1.39	-2.77	-1.09
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	1.84%	2.44%	-2.18%	2.68%	2.78%	1.36%
FCF Yield	-1.71%	1.86%	2.20%	3.28%	0.74%	2.05%
Dividend Yield	0.32%	1.25%	1.25%	0.97%	0.87%	0.83%
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	-0.03%	1.09%	1.04%	0.76%	0.45%	-0.61%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.