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FNM S.p.A. (FNM.MI)
EUR0.46
0.00 (-0.76%)
IT MIL Industrials Railroads
Address
Piazzale Cadorna 14 20123
Milan, MI, IT
Milan, MI, IT
CEO
Andrea Angelo Gibelli
Website
fnmgroup.it
IPO
1995-03-27
ISIN IT0000060886
Description
Founded in 1877 and based in Milan, Italy, FNM S.p.A. is fundamentally responsible for managing and maintaining Italy's extensive railway network. The company's diverse portfolio extends significantly beyond its core rail operations, which notably include the Malpensa Express service. FNM offers various forms of passenger transportation, such as road services, dedicated routes for workers, school bus provision, and temporary railway replacement transport. It also facilitates freight logistics and operates electric car-sharing schemes. Additionally, the company manages motorway infrastructure. Its service range further encompasses engineering, design, and project management. FNM is also a provider of digital solutions for transport and mobility, digital payment systems, optical fibre, and energy services. This entity was formerly recognized as Ferrovie Nord Milano.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR0.46
0.00 (-0.76%)
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Volume Profile
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Liquidity & share structure
Average Volume
270.5K
Beta
0.64
Float Shares
120.40M
Free Float %
27.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.99% | -0.78% | -4.32% | +1.19% | +6.47% | +6.47% | +23.49% | +15.91% | -25.00% | +9.80% | +68.61% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
0.46
DCF (Unlevered)
4.38
+854.7%
DCF (Levered)
3.12
+580.0%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
67% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.61
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Railroads: +4.4%-29.2% Q1'26: -6.1% (vs Q1'25)
-
EPS growth Railroads: +13.1%+21.4% ★ Q1'26: +0.0% (vs Q1'25)
-
FCF margin FCF growth · Railroads: +40.4%-0.4% Q1'26: -17.7% (vs Q1'25)
-
EBIT margin Railroads: +14.1%+11.7% Q1'26: +12.8% (vs Q1'25)
-
ROIC Railroads: +5.9%+6.7% ★ Q1'26: +7.0% (vs Q1'25)
-
Share dilution Railroads: +0.4%+0.0% Q1'26: +14.9% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Railroads: 1.34×3.56× Q1'26: 3.54× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 2 EPS Ana. |
Dec 2027 3 Rev. Ana. 2 EPS Ana. |
Dec 2028 2 Rev. Ana. 2 EPS Ana. |
Dec 2029 1 Rev. Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
166.95M
est: 156.00M (+7.0%)
|
167.89M
est: 172.00M (-2.4%)
|
175.65M
est: 175.00M (+0.4%)
|
260.30M
est: 183.00M (+42.2%)
|
268.36M
est: 187.00M (+43.5%)
|
243.75M
est: 271.15M (-10.1%)
|
567.93M
est: 506.70M (+12.1%)
|
661.10M
est: 612.23M (+8.0%)
|
750.97M
est: 793.82M (-5.4%)
|
891.85M
est: 615.05M (+45.0%)
|
631.20M
est: 662.00M (-4.7%)
|
693.82M
682.40M – 702.73M
+4.8% YoY
|
729.39M
712.13M – 738.07M
+5.1% YoY
|
771.45M
771.33M – 771.58M
+5.8% YoY
|
806.70M
790.45M – 816.67M
+4.6% YoY
|
| EBITDA |
41.85M
est: 44.13M (-5.2%)
|
45.35M
est: 48.65M (-6.8%)
|
55.54M
est: 49.50M (+12.2%)
|
72.66M
est: 51.77M (+40.4%)
|
78.28M
est: 52.90M (+48.0%)
|
68.17M
est: 76.70M (-11.1%)
|
150.51M
est: 143.33M (+5.0%)
|
195.87M
est: 173.19M (+13.1%)
|
228.94M
est: 237.12M (-3.4%)
|
239.52M
est: 183.72M (+30.4%)
|
226.50M
est: 197.75M (+14.5%)
|
207.25M
203.84M – 209.92M
+4.8% YoY
|
217.88M
212.72M – 220.47M
+5.1% YoY
|
230.44M
230.41M – 230.48M
+5.8% YoY
|
240.97M
236.12M – 243.95M
+4.6% YoY
|
| EBIT |
26.03M
est: 21.88M (+18.9%)
|
22.60M
est: 24.13M (-6.3%)
|
29.76M
est: 24.55M (+21.2%)
|
32.42M
est: 25.67M (+26.3%)
|
37.54M
est: 26.23M (+43.1%)
|
29.10M
est: 38.04M (-23.5%)
|
73.43M
est: 71.08M (+3.3%)
|
109.77M
est: 85.88M (+27.8%)
|
124.31M
est: 111.17M (+11.8%)
|
107.50M
est: 86.13M (+24.8%)
|
74.00M
est: 92.71M (-20.2%)
|
97.16M
95.56M – 98.41M
+4.8% YoY
|
102.14M
99.73M – 103.36M
+5.1% YoY
|
108.03M
108.02M – 108.05M
+5.8% YoY
|
112.97M
110.69M – 114.37M
+4.6% YoY
|
| Net Income |
20.14M
est: 22.18M (-9.2%)
|
26.26M
est: 23.48M (+11.8%)
|
34.99M
est: 29.14M (+20.1%)
|
28.48M
est: 31.31M (-9.1%)
|
30.28M
est: 33.49M (-9.6%)
|
24.19M
est: -5.87M (+511.9%)
|
40.88M
est: 21.96M (+86.1%)
|
68.48M
est: 65.07M (+5.2%)
|
80.86M
est: 77.67M (+4.1%)
|
59.33M
est: 74.77M (-20.7%)
|
73.60M
est: 46.98M (+56.7%)
|
39.44M
38.19M – 40.69M
-16.0% YoY
|
26.43M
23.73M – 29.14M
-33.0% YoY
|
62.45M
54.81M – 69.60M
+136.3% YoY
|
—
— – —
-100.0% YoY
|
| SGA |
7.01M
est: 12.05M (-41.9%)
|
12.32M
est: 13.29M (-7.3%)
|
21.88M
est: 13.52M (+61.8%)
|
37.07M
est: 14.14M (+162.1%)
|
35.76M
est: 14.45M (+147.4%)
|
34.46M
est: 20.95M (+64.5%)
|
62.64M
est: 39.15M (+60.0%)
|
76.80M
est: 47.31M (+62.3%)
|
890.0K
est: 38.89M (-97.7%)
|
15.46M
est: 30.14M (-48.7%)
|
—
est: 32.44M (-100.0%)
|
33.99M
33.43M – 34.43M
+4.8% YoY
|
35.74M
34.89M – 36.16M
+5.1% YoY
|
37.80M
37.79M – 37.80M
+5.8% YoY
|
39.53M
38.73M – 40.01M
+4.6% YoY
|
| EPS |
0.05
est: 0.05 (-2.0%)
|
0.06
est: 0.05 (+11.1%)
|
0.08
est: 0.07 (+19.4%)
|
0.07
est: 0.07 (-9.0%)
|
0.07
est: 0.08 (-9.6%)
|
0.06
est: -0.01 (+511.9%)
|
0.09
est: 0.05 (+86.1%)
|
0.16
est: 0.15 (+6.7%)
|
0.19
est: 0.18 (+6.4%)
|
0.14
est: 0.17 (-19.0%)
|
0.17
est: 0.11 (+57.4%)
|
0.09
0.09 – 0.09
-16.0% YoY
|
0.06
0.05 – 0.07
-33.0% YoY
|
0.14
0.13 – 0.16
+135.3% YoY
|
—
— – —
-100.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-21 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-20 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-19 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-18 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-15 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-14 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-13 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-12 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-11 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-08 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-07 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-06 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-05 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-04 | A+ | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-30 | A+ | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 5/5 | 5/5 |
| 2026-04-29 | A+ | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 5/5 | 5/5 |
| 2026-04-28 | A+ | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 5/5 | 5/5 |
| 2026-04-27 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-24 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-23 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-22 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-21 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-20 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-17 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-16 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
218.82M
OE per share TTM
0.51
Owner's Yield
92.81%
Maintenance CapEx ratio
106.99%
Maint CapEx / Avg PPE
95.8%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 11 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Dynamic International SmallCap Equity ETF DDLS | 0.05% | 208.5K | 0.48% |
| 2 | WisdomTree International SmallCap Dividend Fund DLS | 0.05% | 489.3K | 0.58% |
| 3 | WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE | 0.03% | 31.5K | 0.38% |
| 4 | WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L | 0.03% | 31.5K | 0.38% |
| 5 | Dimensional - International Small Cap ETF DFIS | 0.00% | 41.1K | 0.39% |
| 6 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 90.1K | 0.22% |
| 7 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 64.9K | 0.28% |
| 8 | Avantis International Small Cap Value ETF AVDV | 0.00% | 34.2K | 0.36% |
| 9 | Dimensional - International Vector Equity ETF DXIV | 0.00% | 246.94 | 0.53% |
| 10 | Dimensional - International Small Cap Value ETF DISV | 0.00% | 3.6K | 0.42% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
27.7K
Shares Outstanding
434.90M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Monica Giugliano | General Manager | 507.8K | female |
| Andrea Angelo Gibelli | Chief Executive Officer & Chairman | 260.0K | male |
| Eugenio Giavatto | Group Chief Financial Officer | — | — |
| Francesca Pili | Executive Director | — | female |
| Fulvio Caradonna | Executive Director | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for FNM.MI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
