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FORTUNA MINING CORP (FSM) Stock Fundamental Analysis

NYSE:FSM - New York Stock Exchange, Inc. - CA3499421020 - Common Stock - Currency: USD

5.21  +0.06 (+1.17%)

After market: 5.2098 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FSM. FSM was compared to 150 industry peers in the Metals & Mining industry. Both the profitability and the financial health of FSM get a neutral evaluation. Nothing too spectacular is happening here. FSM may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make FSM a good candidate for value investing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

FSM had positive earnings in the past year.
In the past year FSM had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: FSM reported negative net income in multiple years.
Each year in the past 5 years FSM had a positive operating cash flow.
FSM Yearly Net Income VS EBIT VS OCF VS FCFFSM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M

1.2 Ratios

The Return On Assets of FSM (1.20%) is better than 60.14% of its industry peers.
FSM's Return On Equity of 1.77% is in line compared to the rest of the industry. FSM outperforms 57.34% of its industry peers.
FSM has a better Return On Invested Capital (9.10%) than 81.82% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FSM is below the industry average of 8.75%.
The last Return On Invested Capital (9.10%) for FSM is above the 3 year average (5.45%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.2%
ROE 1.77%
ROIC 9.1%
ROA(3y)-2.18%
ROA(5y)-0.39%
ROE(3y)-3.4%
ROE(5y)-0.69%
ROIC(3y)5.45%
ROIC(5y)5.48%
FSM Yearly ROA, ROE, ROICFSM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10

1.3 Margins

FSM has a Profit Margin of 2.45%. This is in the better half of the industry: FSM outperforms 66.43% of its industry peers.
The Operating Margin of FSM (20.92%) is better than 78.32% of its industry peers.
FSM's Operating Margin has declined in the last couple of years.
FSM has a Gross Margin of 29.73%. This is in the better half of the industry: FSM outperforms 69.23% of its industry peers.
In the last couple of years the Gross Margin of FSM has declined.
Industry RankSector Rank
OM 20.92%
PM (TTM) 2.45%
GM 29.73%
OM growth 3Y-17.84%
OM growth 5Y-10.83%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.73%
GM growth 5Y-7.77%
FSM Yearly Profit, Operating, Gross MarginsFSM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 30 40

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FSM is destroying value.
Compared to 1 year ago, FSM has more shares outstanding
FSM has more shares outstanding than it did 5 years ago.
FSM has a worse debt/assets ratio than last year.
FSM Yearly Shares OutstandingFSM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M
FSM Yearly Total Debt VS Total AssetsFSM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 2.54 indicates that FSM is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of FSM (2.54) is comparable to the rest of the industry.
FSM has a debt to FCF ratio of 1.49. This is a very positive value and a sign of high solvency as it would only need 1.49 years to pay back of all of its debts.
The Debt to FCF ratio of FSM (1.49) is better than 81.12% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that FSM is not too dependend on debt financing.
The Debt to Equity ratio of FSM (0.12) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.49
Altman-Z 2.54
ROIC/WACC0.94
WACC9.64%
FSM Yearly LT Debt VS Equity VS FCFFSM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

FSM has a Current Ratio of 1.94. This is a normal value and indicates that FSM is financially healthy and should not expect problems in meeting its short term obligations.
FSM's Current ratio of 1.94 is in line compared to the rest of the industry. FSM outperforms 44.76% of its industry peers.
FSM has a Quick Ratio of 1.37. This is a normal value and indicates that FSM is financially healthy and should not expect problems in meeting its short term obligations.
FSM has a Quick ratio of 1.37. This is comparable to the rest of the industry: FSM outperforms 46.85% of its industry peers.
Industry RankSector Rank
Current Ratio 1.94
Quick Ratio 1.37
FSM Yearly Current Assets VS Current LiabilitesFSM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 145.81% over the past year.
Measured over the past 5 years, FSM shows a small growth in Earnings Per Share. The EPS has been growing by 1.75% on average per year.
FSM shows a strong growth in Revenue. In the last year, the Revenue has grown by 38.19%.
Measured over the past years, FSM shows a very strong growth in Revenue. The Revenue has been growing by 26.19% on average per year.
EPS 1Y (TTM)145.81%
EPS 3Y12.7%
EPS 5Y1.75%
EPS Q2Q%70%
Revenue 1Y (TTM)38.19%
Revenue growth 3Y44.54%
Revenue growth 5Y26.19%
Sales Q2Q%13.08%

3.2 Future

FSM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.06% yearly.
FSM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.68% yearly.
EPS Next Y142.58%
EPS Next 2Y88.54%
EPS Next 3Y39.84%
EPS Next 5Y23.06%
Revenue Next Year26.18%
Revenue Next 2Y6.28%
Revenue Next 3Y-3.93%
Revenue Next 5Y-3.68%

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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FSM Yearly Revenue VS EstimatesFSM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
FSM Yearly EPS VS EstimatesFSM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8

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9

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.84, which indicates a very decent valuation of FSM.
Based on the Price/Earnings ratio, FSM is valued cheaper than 85.31% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.47, FSM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.40, the valuation of FSM can be described as very cheap.
Based on the Price/Forward Earnings ratio, FSM is valued cheaper than 92.31% of the companies in the same industry.
FSM is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.84
Fwd PE 6.4
FSM Price Earnings VS Forward Price EarningsFSM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

95.80% of the companies in the same industry are more expensive than FSM, based on the Enterprise Value to EBITDA ratio.
87.41% of the companies in the same industry are more expensive than FSM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.62
EV/EBITDA 3.51
FSM Per share dataFSM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FSM's earnings are expected to grow with 39.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)6.78
EPS Next 2Y88.54%
EPS Next 3Y39.84%

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0

5. Dividend

5.1 Amount

No dividends for FSM!.
Industry RankSector Rank
Dividend Yield N/A

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FORTUNA MINING CORP

NYSE:FSM (2/4/2025, 8:04:00 PM)

After market: 5.2098 0 (0%)

5.21

+0.06 (+1.17%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)N/A N/A
Inst Owners55.03%
Inst Owner Change-2.11%
Ins Owners1.13%
Ins Owner ChangeN/A
Market Cap1.60B
Analysts73.33
Price Target5.88 (12.86%)
Short Float %4.37%
Short Ratio1.32
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)1
Avg EPS beat(2)3.94%
Min EPS beat(2)-28.97%
Max EPS beat(2)36.84%
EPS beat(4)2
Avg EPS beat(4)11.07%
Min EPS beat(4)-30.69%
Max EPS beat(4)67.09%
EPS beat(8)5
Avg EPS beat(8)38.36%
EPS beat(12)6
Avg EPS beat(12)12.59%
EPS beat(16)8
Avg EPS beat(16)10.7%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-0.83%
PT rev (3m)-4.64%
EPS NQ rev (1m)-4.39%
EPS NQ rev (3m)96%
EPS NY rev (1m)0.46%
EPS NY rev (3m)8.74%
Revenue NQ rev (1m)-2.06%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)2.89%
Valuation
Industry RankSector Rank
PE 11.84
Fwd PE 6.4
P/S 1.56
P/FCF 12.62
P/OCF 4.99
P/B 1.13
P/tB 1.13
EV/EBITDA 3.51
EPS(TTM)0.44
EY8.45%
EPS(NY)0.81
Fwd EY15.62%
FCF(TTM)0.41
FCFY7.92%
OCF(TTM)1.04
OCFY20.03%
SpS3.34
BVpS4.63
TBVpS4.63
PEG (NY)0.08
PEG (5Y)6.78
Profitability
Industry RankSector Rank
ROA 1.2%
ROE 1.77%
ROCE 11.52%
ROIC 9.1%
ROICexc 10.08%
ROICexgc 10.08%
OM 20.92%
PM (TTM) 2.45%
GM 29.73%
FCFM 12.36%
ROA(3y)-2.18%
ROA(5y)-0.39%
ROE(3y)-3.4%
ROE(5y)-0.69%
ROIC(3y)5.45%
ROIC(5y)5.48%
ROICexc(3y)5.8%
ROICexc(5y)6%
ROICexgc(3y)5.8%
ROICexgc(5y)6%
ROCE(3y)6.9%
ROCE(5y)6.94%
ROICexcg growth 3Y-4.66%
ROICexcg growth 5Y-8.68%
ROICexc growth 3Y-4.66%
ROICexc growth 5Y-8.68%
OM growth 3Y-17.84%
OM growth 5Y-10.83%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.73%
GM growth 5Y-7.77%
F-Score8
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.49
Debt/EBITDA 0.38
Cap/Depr 81.06%
Cap/Sales 18.9%
Interest Coverage 12.08
Cash Conversion 70.67%
Profit Quality 505.4%
Current Ratio 1.94
Quick Ratio 1.37
Altman-Z 2.54
F-Score8
WACC9.64%
ROIC/WACC0.94
Cap/Depr(3y)122.95%
Cap/Depr(5y)225.48%
Cap/Sales(3y)29.35%
Cap/Sales(5y)43.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)145.81%
EPS 3Y12.7%
EPS 5Y1.75%
EPS Q2Q%70%
EPS Next Y142.58%
EPS Next 2Y88.54%
EPS Next 3Y39.84%
EPS Next 5Y23.06%
Revenue 1Y (TTM)38.19%
Revenue growth 3Y44.54%
Revenue growth 5Y26.19%
Sales Q2Q%13.08%
Revenue Next Year26.18%
Revenue Next 2Y6.28%
Revenue Next 3Y-3.93%
Revenue Next 5Y-3.68%
EBIT growth 1Y112.98%
EBIT growth 3Y18.75%
EBIT growth 5Y12.52%
EBIT Next Year280.46%
EBIT Next 3Y29.66%
EBIT Next 5Y25.41%
FCF growth 1Y431.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y58.87%
OCF growth 3Y47.04%
OCF growth 5Y28.89%