Franco-Nevada Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 13, 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	65,614	32,516	28,197	35,376	33,447	30,457
Market Cap Growth	72.71%	15.32%	-20.29%	5.76%	9.82%	20.45%
Enterprise Value	65,222	30,736	26,443	33,924	33,009	29,835
Last Close Price	340.36	167.46	143.75	178.90	168.00	151.95
PE Ratio	51.23	40.93	-	37.31	36.02	73.28
Forward PE	31.09	31.36	31.99	35.67	37.91	40.87
PS Ratio	30.76	20.50	17.55	19.90	20.37	23.50
PB Ratio	6.73	3.77	3.70	4.07	4.39	4.39
P/TBV Ratio	6.73	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	35.95	27.24	21.54	26.15	27.66	29.73
PEG Ratio	1.25	6.12	6.12	6.12	6.12	3.65
EV/Sales Ratio	30.58	19.38	16.45	19.08	20.10	23.02
EV/EBITDA Ratio	33.73	22.51	19.71	22.65	23.88	27.89
EV/EBIT Ratio	42.05	29.52	-	30.54	30.31	68.77
EV/FCF Ratio	-54.68	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	1.95%	2.44%	-2.18%	2.68%	2.78%	1.36%
FCF Yield	-1.82%	1.86%	2.20%	3.28%	0.74%	2.05%
Dividend Yield	0.70%	1.24%	1.25%	0.97%	0.87%	0.86%
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	0.35%	1.08%	1.04%	0.76%	0.45%	-0.57%

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