FORTUNA MINING CORP (FSM) Fundamental Analysis & Valuation
NYSE:FSM • CA3499421020
11.52 USD
-0.22 (-1.87%)
At close: Mar 6, 2026
11.5104 USD
-0.01 (-0.08%)
After Hours: 3/6/2026, 8:21:16 PM
This FSM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 7 out of 10 to FSM. FSM was compared to 159 industry peers in the Metals & Mining industry. FSM gets an excellent profitability rating and is at the same time showing great financial health properties. FSM is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make FSM a good candidate for value and quality investing.
1. FSM Profitability Analysis
1.1 Basic Checks
- In the past year FSM was profitable.
- FSM had a positive operating cash flow in the past year.
- In multiple years FSM reported negative net income over the last 5 years.
- FSM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 12.18%, FSM belongs to the best of the industry, outperforming 88.53% of the companies in the same industry.
- FSM has a Return On Equity of 17.14%. This is amongst the best in the industry. FSM outperforms 85.99% of its industry peers.
- FSM's Return On Invested Capital of 12.50% is amongst the best of the industry. FSM outperforms 84.08% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FSM is below the industry average of 11.01%.
- The 3 year average ROIC (7.48%) for FSM is below the current ROIC(12.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 17.14% | ||
| ROIC | 12.5% |
ROA(3y)5.23%
ROA(5y)2.34%
ROE(3y)7.4%
ROE(5y)3.22%
ROIC(3y)7.48%
ROIC(5y)6.32%
1.3 Margins
- FSM has a Profit Margin of 27.58%. This is amongst the best in the industry. FSM outperforms 87.90% of its industry peers.
- FSM's Profit Margin has improved in the last couple of years.
- FSM's Operating Margin of 37.15% is amongst the best of the industry. FSM outperforms 85.35% of its industry peers.
- FSM's Operating Margin has improved in the last couple of years.
- FSM has a better Gross Margin (46.65%) than 77.71% of its industry peers.
- In the last couple of years the Gross Margin of FSM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.15% | ||
| PM (TTM) | 27.58% | ||
| GM | 46.65% |
OM growth 3Y39.82%
OM growth 5Y7.1%
PM growth 3YN/A
PM growth 5Y31.42%
GM growth 3Y27.69%
GM growth 5Y3.79%
2. FSM Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FSM is creating some value.
- Compared to 1 year ago, FSM has less shares outstanding
- The number of shares outstanding for FSM has been increased compared to 5 years ago.
- The debt/assets ratio for FSM has been reduced compared to a year ago.
2.2 Solvency
- FSM has an Altman-Z score of 4.69. This indicates that FSM is financially healthy and has little risk of bankruptcy at the moment.
- With a decent Altman-Z score value of 4.69, FSM is doing good in the industry, outperforming 61.15% of the companies in the same industry.
- The Debt to FCF ratio of FSM is 0.73, which is an excellent value as it means it would take FSM, only 0.73 years of fcf income to pay off all of its debts.
- FSM has a Debt to FCF ratio of 0.73. This is amongst the best in the industry. FSM outperforms 87.90% of its industry peers.
- FSM has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
- FSM's Debt to Equity ratio of 0.11 is in line compared to the rest of the industry. FSM outperforms 57.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | 4.69 |
ROIC/WACC1.26
WACC9.91%
2.3 Liquidity
- FSM has a Current Ratio of 2.98. This indicates that FSM is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 2.98, FSM is in the better half of the industry, outperforming 63.06% of the companies in the same industry.
- A Quick Ratio of 2.50 indicates that FSM has no problem at all paying its short term obligations.
- FSM's Quick ratio of 2.50 is fine compared to the rest of the industry. FSM outperforms 64.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.98 | ||
| Quick Ratio | 2.5 |
3. FSM Growth Analysis
3.1 Past
- FSM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.40%, which is quite impressive.
- FSM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 34.79% yearly.
- Looking at the last year, FSM shows a decrease in Revenue. The Revenue has decreased by -1.87% in the last year.
- The Revenue has been growing by 27.69% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)42.4%
EPS 3Y68.06%
EPS 5Y34.79%
EPS Q2Q%69.23%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y11.59%
Revenue growth 5Y27.69%
Sales Q2Q%-10.58%
3.2 Future
- FSM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.13% yearly.
- Based on estimates for the next years, FSM will show a small growth in Revenue. The Revenue will grow by 3.30% on average per year.
EPS Next Y72%
EPS Next 2Y29.1%
EPS Next 3Y36.68%
EPS Next 5Y29.13%
Revenue Next Year21.42%
Revenue Next 2Y3.9%
Revenue Next 3Y3.3%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. FSM Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 16.23, which indicates a correct valuation of FSM.
- FSM's Price/Earnings ratio is rather cheap when compared to the industry. FSM is cheaper than 88.53% of the companies in the same industry.
- FSM is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 9.41, which indicates a very decent valuation of FSM.
- FSM's Price/Forward Earnings ratio is rather cheap when compared to the industry. FSM is cheaper than 85.35% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, FSM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.23 | ||
| Fwd PE | 9.41 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FSM is valued cheaper than 94.90% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, FSM is valued cheaply inside the industry as 97.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.15 | ||
| EV/EBITDA | 5.58 |
4.3 Compensation for Growth
- FSM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of FSM may justify a higher PE ratio.
- FSM's earnings are expected to grow with 36.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)0.47
EPS Next 2Y29.1%
EPS Next 3Y36.68%
5. FSM Dividend Analysis
5.1 Amount
- FSM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
FSM Fundamentals: All Metrics, Ratios and Statistics
11.52
-0.22 (-1.87%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)05-05 2026-05-05/amc
Inst Owners79.21%
Inst Owner Change7.26%
Ins Owners0.74%
Ins Owner ChangeN/A
Market Cap3.52B
Revenue(TTM)1.04B
Net Income(TTM)287.47M
Analysts77.5
Price Target13.34 (15.8%)
Short Float %6.36%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.03%
Min EPS beat(2)-28.93%
Max EPS beat(2)-15.14%
EPS beat(4)0
Avg EPS beat(4)-21.29%
Min EPS beat(4)-33.2%
Max EPS beat(4)-7.9%
EPS beat(8)2
Avg EPS beat(8)-3.84%
EPS beat(12)4
Avg EPS beat(12)14.1%
EPS beat(16)6
Avg EPS beat(16)3.7%
Revenue beat(2)2
Avg Revenue beat(2)2.66%
Min Revenue beat(2)0.97%
Max Revenue beat(2)4.35%
Revenue beat(4)2
Avg Revenue beat(4)-0.81%
Min Revenue beat(4)-7.26%
Max Revenue beat(4)4.35%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)31.1%
PT rev (3m)47.16%
EPS NQ rev (1m)33.33%
EPS NQ rev (3m)33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)4.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.1%
Revenue NY rev (3m)14.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.23 | ||
| Fwd PE | 9.41 | ||
| P/S | 3.37 | ||
| P/FCF | 12.15 | ||
| P/OCF | 7.52 | ||
| P/B | 2.1 | ||
| P/tB | 2.1 | ||
| EV/EBITDA | 5.58 |
EPS(TTM)0.71
EY6.16%
EPS(NY)1.22
Fwd EY10.63%
FCF(TTM)0.95
FCFY8.23%
OCF(TTM)1.53
OCFY13.29%
SpS3.41
BVpS5.49
TBVpS5.49
PEG (NY)0.23
PEG (5Y)0.47
Graham Number9.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 17.14% | ||
| ROCE | 18.4% | ||
| ROIC | 12.5% | ||
| ROICexc | 17.04% | ||
| ROICexgc | 17.04% | ||
| OM | 37.15% | ||
| PM (TTM) | 27.58% | ||
| GM | 46.65% | ||
| FCFM | 27.76% |
ROA(3y)5.23%
ROA(5y)2.34%
ROE(3y)7.4%
ROE(5y)3.22%
ROIC(3y)7.48%
ROIC(5y)6.32%
ROICexc(3y)9.28%
ROICexc(5y)7.51%
ROICexgc(3y)9.28%
ROICexgc(5y)7.51%
ROCE(3y)11.01%
ROCE(5y)9.31%
ROICexgc growth 3Y59.87%
ROICexgc growth 5Y20.68%
ROICexc growth 3Y59.87%
ROICexc growth 5Y20.68%
OM growth 3Y39.82%
OM growth 5Y7.1%
PM growth 3YN/A
PM growth 5Y31.42%
GM growth 3Y27.69%
GM growth 5Y3.79%
F-Score8
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.73 | ||
| Debt/EBITDA | 0.33 | ||
| Cap/Depr | 93.19% | ||
| Cap/Sales | 17.08% | ||
| Interest Coverage | 40.73 | ||
| Cash Conversion | 80.83% | ||
| Profit Quality | 100.65% | ||
| Current Ratio | 2.98 | ||
| Quick Ratio | 2.5 | ||
| Altman-Z | 4.69 |
F-Score8
WACC9.91%
ROIC/WACC1.26
Cap/Depr(3y)94.63%
Cap/Depr(5y)110.76%
Cap/Sales(3y)22.79%
Cap/Sales(5y)26.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.4%
EPS 3Y68.06%
EPS 5Y34.79%
EPS Q2Q%69.23%
EPS Next Y72%
EPS Next 2Y29.1%
EPS Next 3Y36.68%
EPS Next 5Y29.13%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y11.59%
Revenue growth 5Y27.69%
Sales Q2Q%-10.58%
Revenue Next Year21.42%
Revenue Next 2Y3.9%
Revenue Next 3Y3.3%
Revenue Next 5YN/A
EBIT growth 1Y51.64%
EBIT growth 3Y56.03%
EBIT growth 5Y36.75%
EBIT Next Year107.72%
EBIT Next 3Y31.21%
EBIT Next 5Y24.51%
FCF growth 1Y41.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y27.8%
OCF growth 3Y34%
OCF growth 5Y38%
FORTUNA MINING CORP / FSM FAQ
Can you provide the ChartMill fundamental rating for FORTUNA MINING CORP?
ChartMill assigns a fundamental rating of 7 / 10 to FSM.
What is the valuation status of FORTUNA MINING CORP (FSM) stock?
ChartMill assigns a valuation rating of 9 / 10 to FORTUNA MINING CORP (FSM). This can be considered as Undervalued.
Can you provide the profitability details for FORTUNA MINING CORP?
FORTUNA MINING CORP (FSM) has a profitability rating of 8 / 10.
What is the expected EPS growth for FORTUNA MINING CORP (FSM) stock?
The Earnings per Share (EPS) of FORTUNA MINING CORP (FSM) is expected to grow by 72% in the next year.