FNM SpA (FNM.MI) Stock Price

FNM SpA Price

🇮🇹Borsa Italiana·CLOSED
0.47EUR
Market closed
Today +/-
Today %

FNM SpA (FNM.MI) Stock | ISIN IT0000060886 | WKN 918564. The current FNM SpA stock price is 0.47 EUR (2026). Revenue is 704.21 M EUR. Net income is 50.51 M EUR. The P/E ratio is 4.09. Market capitalization is 206.58 M EUR. FNM SpA operates in the Industry sector.

Over the last 19 years FNM SpA grew revenue by 6% annually, reaching 913.68 M EUR. Earnings per share have grown at 10.3% per year over the last 19 years. For FNM SpA, the net margin of 6.5% is down versus 8.1% a few years ago. At today's price the dividend yield works out to roughly 4.84%. The payout ratio is around 30% of earnings. The dividend has grown at 6.5% per year over the past 11 years.

FNM SpA stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of FNM SpA over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how FNM SpA stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing FNM SpA's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

FNM SpA Stock Price History
DateFNM SpA Price
Access this data via the Eulerpool API

FNM SpA Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
299.4 M EUR
14.5 M EUR
9.2 M EUR
Jan 1, 2006
307.6 M EUR
16.3 M EUR
6.6 M EUR
Jan 1, 2007
313.8 M EUR
19.4 M EUR
9.6 M EUR
Jan 1, 2008
315.6 M EUR
16.2 M EUR
8 M EUR
Jan 1, 2009
302.3 M EUR
22.2 M EUR
12.8 M EUR
Jan 1, 2010
471.5 M EUR
169.8 M EUR
18.3 M EUR
Jan 1, 2011
315.1 M EUR
148.2 M EUR
24.9 M EUR
Jan 1, 2012
299 M EUR
156.5 M EUR
24.1 M EUR
Jan 1, 2013
272.3 M EUR
127.2 M EUR
20.1 M EUR
Jan 1, 2014
309.58 M EUR
152.79 M EUR
21.07 M EUR
Jan 1, 2015
283.01 M EUR
124.13 M EUR
20.14 M EUR
Jan 1, 2016
246.24 M EUR
86.04 M EUR
26.26 M EUR
Jan 1, 2017
248.44 M EUR
92 M EUR
34.99 M EUR
Jan 1, 2018
293.56 M EUR
53.44 M EUR
28.48 M EUR
Jan 1, 2019
320.2 M EUR
69.33 M EUR
30.28 M EUR

FNM SpA Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 17, 2026, 3:07 AM
 
REVENUE (M EUR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M EUR)
NET INCOME (M EUR)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
2022202320242025e2026e2027e2028e2029e
677744913668704744772802
14.949.922.72-26.835.395.683.763.89
94.6895.796.28131.59124.86118.15113.86109.6
641712879879879879879879
688059545071--
7017.65-26.25-8.47-7.4142
434.9434.9434.9434.9434.9434.9434.9434.9
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales FNM SpA generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue FNM SpA retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare FNM SpA's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares FNM SpA has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against FNM SpA's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

FNM SpA stock margins

The FNM SpA margin analysis displays the gross margin, EBIT margin, as well as the profit margin of FNM SpA. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for FNM SpA.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
93.25 %
4.84 %
3.07 %
Jan 1, 2006
93.53 %
5.3 %
2.15 %
Jan 1, 2007
92.99 %
6.18 %
3.06 %
Jan 1, 2008
91.35 %
5.13 %
2.53 %
Jan 1, 2009
93.19 %
7.34 %
4.23 %
Jan 1, 2010
95.5 %
36.01 %
3.88 %
Jan 1, 2011
96.45 %
47.03 %
7.9 %
Jan 1, 2012
96.42 %
52.34 %
8.06 %
Jan 1, 2013
95.89 %
46.71 %
7.38 %
Jan 1, 2014
96.76 %
49.35 %
6.81 %
Jan 1, 2015
96.87 %
43.86 %
7.12 %
Jan 1, 2016
96.82 %
34.94 %
10.66 %
Jan 1, 2017
96.65 %
37.03 %
14.09 %
Jan 1, 2018
93.3 %
18.21 %
9.7 %
Jan 1, 2019
93.19 %
21.65 %
9.46 %

FNM SpA Stock Revenue, EBIT, Earnings per Share

The FNM SpA earnings per share therefore indicates how much revenue FNM SpA has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
0.69 EUR
0.03 EUR
0.02 EUR
Jan 1, 2006
0.71 EUR
0.04 EUR
0.02 EUR
Jan 1, 2007
0.72 EUR
0.04 EUR
0.02 EUR
Jan 1, 2008
0.73 EUR
0.04 EUR
0.02 EUR
Jan 1, 2009
0.7 EUR
0.05 EUR
0.03 EUR
Jan 1, 2010
1.08 EUR
0.39 EUR
0.04 EUR
Jan 1, 2011
0.72 EUR
0.34 EUR
0.06 EUR
Jan 1, 2012
0.69 EUR
0.36 EUR
0.06 EUR
Jan 1, 2013
0.63 EUR
0.29 EUR
0.05 EUR
Jan 1, 2014
0.71 EUR
0.35 EUR
0.05 EUR
Jan 1, 2015
0.65 EUR
0.29 EUR
0.05 EUR
Jan 1, 2016
0.57 EUR
0.2 EUR
0.06 EUR
Jan 1, 2017
0.57 EUR
0.21 EUR
0.08 EUR
Jan 1, 2018
0.68 EUR
0.12 EUR
0.07 EUR
Jan 1, 2019
0.74 EUR
0.16 EUR
0.07 EUR

FNM SpA business model & stock analysis

FNM SpA is a holding company, which engages in the provision of transport and mobility services. The company is headquartered in Milan, Milano and currently employs 2,809 full-time employees. The firm 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.

FNM SpA Eulerpool Fair Value

FNM SpA historical P/E ratio, EBIT multiple, and P/S ratio

FNM SpA annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

FNM SpA shares outstanding

The number of shares was FNM SpA in 2025 — This indicates how many shares 434.903 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
434.9 M base_Shares
Jan 1, 2006
434.9 M base_Shares
Jan 1, 2007
434.9 M base_Shares
Jan 1, 2008
434.9 M base_Shares
Jan 1, 2009
434.9 M base_Shares
Jan 1, 2010
434.9 M base_Shares
Jan 1, 2011
434.9 M base_Shares
Jan 1, 2012
434.9 M base_Shares
Jan 1, 2013
434.9 M base_Shares
Jan 1, 2014
434.9 M base_Shares
Jan 1, 2015
434.9 M base_Shares
Jan 1, 2016
434.9 M base_Shares
Jan 1, 2017
434.9 M base_Shares
Jan 1, 2018
434.9 M base_Shares
Jan 1, 2019
434.9 M base_Shares

FNM SpA Dividend History

10 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.02EUR 20.0%
Jun 2, 20250.02EUR 20.0%1/1
20240.02EUR 0.0%
20230.02EUR 2.2%
20190.02EUR 12.5%
20180.02EUR 17.6%
20170.02EUR 21.4%
20160.01EUR 0.0%
20150.01EUR 7.7%
20140.01EUR 13.0%
20130.01EUR

FNM SpA dividend history and estimates

In 2025, FNM SpA paid a dividend amounting to 0.02 EUR. Dividend means that FNM SpA distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2013
0.01 EUR
0 EUR
Jan 1, 2014
0.01 EUR
0 EUR
Jan 1, 2015
0.01 EUR
0 EUR
Jan 1, 2016
0.01 EUR
0 EUR
Jan 1, 2017
0.02 EUR
0 EUR
Jan 1, 2018
0.02 EUR
0 EUR
Jan 1, 2019
0.02 EUR
0 EUR
Jan 1, 2023
0.02 EUR
0 EUR
Jan 1, 2024
0.02 EUR
0 EUR
Jan 1, 2025
0.02 EUR
0 EUR
Invalid Date
0 EUR
0.03 EUR
Invalid Date
0 EUR
0.05 EUR

FNM SpA dividend payout ratio

In 2025, FNM SpA had a payout ratio of 29.9%. The payout ratio indicates the percentage of the company's profits that FNM SpA distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
27.99 %
Jan 1, 2006
27.99 %
Jan 1, 2007
27.99 %
Jan 1, 2008
27.99 %
Jan 1, 2009
27.99 %
Jan 1, 2010
27.99 %
Jan 1, 2011
27.99 %
Jan 1, 2012
27.99 %
Jan 1, 2013
23 %
Jan 1, 2014
26.86 %
Jan 1, 2015
30.24 %
Jan 1, 2016
23.18 %
Jan 1, 2017
21.12 %
Jan 1, 2018
30.53 %
Jan 1, 2019
32.33 %
Price targets and forecasts for FNM SpA are not yet available.

EESG©

Eulerpool ESG Scorecard© for the FNM SpA stock

66/100
82
Environment
53
Social
64
Governance
E

Environment

20
Scope 1 - Direct Emissions31,043
Scope 2 - Indirect emissions from purchased energy169,726
Scope 3 - Indirect emissions within the value chain16,646
Total CO₂ emissions200,769
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees20.068
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

FNM SpA shareholder structure

% Name
57.60034%
Regione Lombardia
Regione Lombardia
14.70009%
Ferrovie dello Stato Soc. Trasporti e Servizi P.A.
Ferrovie dello Stato Soc. Trasporti e Servizi P.A.
2.30032%
Praude Asset Management Ltd.
Praude Asset Management Ltd.
0.9139%
Magallanes Value Investors, S.A., SGIIC
Magallanes Value Investors, S.A., SGIIC
0.67982%
DFA Australia Ltd.
DFA Australia Ltd.
0.55453%
Eurizon Capital SGR S.p.A.
Eurizon Capital SGR S.p.A.
0.54724%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.52722%
Niche Asset Management Limited
Niche Asset Management Limited
0.37169%
Anima SGR S.p.A.
Anima SGR S.p.A.
0.33341%
Allianz Global Investors GmbH
Allianz Global Investors GmbH

FNM SpA Executives and Management Board

MP

Mr. Marco Piuri

(65)

General Manager · since 2020

Compensation668,667 EUR
AG

Mr. Andrea Gibelli

(55)

Executive Chairman of the Board · since 2015

Compensation292,749 EUR
GA

Mr. Gianantonio Arnoldi

(67)

Non-Executive Independent Vice Chairman of the Board

Compensation173,423 EUR
FC

Mr. Fulvio Caradonna

(63)

Joint Managing Director, Executive Director · since 2024

Compensation158,840 EUR
FP

Ms. Francesca Pili

(45)

Joint Managing Director, Executive Director · since 2024

Compensation107,155 EUR

FNM SpA Supply Chain

Frequently asked questions about FNM SpA

All fundamentals and in-depth analysis of FNM SpA

Our stock analysis for FNM SpA Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of FNM SpA Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.