WallStSmart

Franco-Nevada Corporation (FNV)vsGold Royalty Corp. (GROY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 10099% more annual revenue ($2.30B vs $22.56M). FNV leads profitability with a 64.2% profit margin vs 6.7%. FNV earns a higher WallStSmart Score of 68/100 (B-).

FNV

Strong Buy

68

out of 100

Grade: B-

Growth: 9.3Profit: 9.0Value: 2.7Quality: 7.8
Piotroski: 4/9Altman Z: 8.71

GROY

Hold

44

out of 100

Grade: D

Growth: 8.0Profit: 5.5Value: 6.7Quality: 9.0
Piotroski: 4/9Altman Z: 3.32
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$207.97

Current Price

$266.00

$58.03 premium

UndervaluedFair: $207.97Overvalued
GROYUndervalued (+87.8%)

Margin of Safety

+87.8%

Fair Value

$36.63

Current Price

$3.41

$33.22 discount

UndervaluedFair: $36.63Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FNV6 strengths · Avg: 9.5/10
Profit MarginProfitability
64.2%10/10

Keeps 64 of every $100 in revenue as profit

Operating MarginProfitability
77.0%10/10

Strong operational efficiency at 77.0%

Revenue GrowthGrowth
58.2%10/10

Revenue surging 58.2% year-over-year

Altman Z-ScoreHealth
8.7110/10

Safe zone — low bankruptcy risk

Market CapQuality
$51.34B9/10

Large-cap with strong market position

EPS GrowthGrowth
43.0%8/10

Earnings expanding 43.0% YoY

GROY5 strengths · Avg: 9.6/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
76.1%10/10

Revenue surging 76.1% year-over-year

Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.3210/10

Safe zone — low bankruptcy risk

Operating MarginProfitability
27.7%8/10

Strong operational efficiency at 27.7%

Areas to Watch

FNV2 concerns · Avg: 3.0/10
P/E RatioValuation
34.8x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
11.812/10

Expensive relative to growth rate

GROY4 concerns · Avg: 3.3/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$778.45M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.2%3/10

ROE of 0.2% — below average capital efficiency

Profit MarginProfitability
6.7%3/10

6.7% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : FNV

The strongest argument for FNV centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 64.2% and operating margin at 77.0%. Revenue growth of 58.2% demonstrates continued momentum.

Bull Case : GROY

The strongest argument for GROY centers on Price/Book, Revenue Growth, Debt/Equity. Revenue growth of 76.1% demonstrates continued momentum.

Bear Case : FNV

The primary concerns for FNV are P/E Ratio, PEG Ratio.

Bear Case : GROY

The primary concerns for GROY are EPS Growth, Market Cap, Return on Equity.

Key Dynamics to Monitor

FNV profiles as a growth stock while GROY is a hypergrowth play — different risk/reward profiles.

GROY carries more volatility with a beta of 0.96 — expect wider price swings.

GROY is growing revenue faster at 76.1% — sustainability is the question.

FNV generates stronger free cash flow (402M), providing more financial flexibility.

Bottom Line

FNV scores higher overall (68/100 vs 44/100), backed by strong 64.2% margins and 58.2% revenue growth. GROY offers better value entry with a 87.8% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Franco-Nevada Corporation

BASIC MATERIALS · GOLD · USA

Franco-Nevada Corporation is a gold-focused royalty and flow company in the United States, Latin America, Canada, Australia, Europe and Africa, and internationally. The company is headquartered in Toronto, Canada.

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Gold Royalty Corp.

BASIC MATERIALS · GOLD · USA

Gold Royalty Corp. The company is headquartered in Vancouver, Canada.

Visit Website →

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