Dashboard
1
With a Operating Losses, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Operating profit has grown by an annual rate -289.78% of over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at times
2
Negative results in Dec 19
3
Underperformed the market in the last 1 year
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
0.63%
0%
0.63%
6 Months
20.71%
0%
20.71%
1 Year
9.63%
0%
9.63%
2 Years
4.6%
0%
4.6%
3 Years
10.39%
0%
10.39%
4 Years
-24.25%
0%
-24.25%
5 Years
-17.59%
0%
-17.59%
FNM SpA for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
21.90%
EBIT Growth (5y)
-289.78%
EBIT to Interest (avg)
-4.82
Debt to EBITDA (avg)
12.10
Net Debt to Equity (avg)
1.26
Sales to Capital Employed (avg)
0.42
Tax Ratio
33.78%
Dividend Payout Ratio
13.49%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
21.36%
Valuation key factors
Factor
Value
P/E Ratio
2
Industry P/E
Price to Book Value
0.49
EV to EBIT
-2.59
EV to EBITDA
-5.09
EV to Capital Employed
0.77
EV to Sales
1.21
PEG Ratio
0.02
Dividend Yield
NA
ROCE (Latest)
-29.87%
ROE (Latest)
31.89%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
152.00
135.80
11.93%
Operating Profit (PBDIT) excl Other Income
-8.60
-9.50
9.47%
Interest
7.30
5.20
40.38%
Exceptional Items
-1.30
-0.60
-116.67%
Consolidate Net Profit
32.20
11.50
180.00%
Operating Profit Margin (Excl OI)
-278.90%
-314.40%
3.55%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is 11.93% vs -8.24% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is 180.00% vs 85.48% in Mar 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
574.80
564.60
1.81%
Operating Profit (PBDIT) excl Other Income
-146.50
3.60
-4,169.44%
Interest
30.90
19.90
55.28%
Exceptional Items
-56.90
-0.10
-56,800.00%
Consolidate Net Profit
59.60
82.00
-27.32%
Operating Profit Margin (Excl OI)
-484.50%
-179.00%
-30.55%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 1.81% vs 3.90% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -27.32% vs 17.82% in Dec 2023
About FNM SpA 
FNM SpA
Construction
FNM SpA is an Italy-based holding company primarily engaged in the provision of railway transport services. The Company structures its business into three main sectors: Holding, Railway Infrastructure Management and Road Passenger Transport. The Holding sector includes the provision of accounting services; personnel administration; support to the project development; business and legal advice; purchases, tenders and contracts management; human resources management, and communication services, among others. In the Railway Infrastructure Management sector, the Company is active in the management, maintenance and construction of facilities for railway passenger transport in the region of Lombardy, Italy. In the Road Passenger Transport sector, it provides public transport bus services in the provinces of Varese, Como and Brescia, in Italy.
Company Coordinates 
Company Details
Piazzale Cadorna 14 , MILANO None : 20123
Registrar Details






