FORTUNA MINING CORP (FSM) Fundamental Analysis & Valuation

NYSE:FSM • CA3499421020

11.74 USD
+0.11 (+0.95%)
At close: Mar 10, 2026
11.87 USD
+0.13 (+1.11%)
After Hours: 3/10/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This FSM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Overall FSM gets a fundamental rating of 7 out of 10. We evaluated FSM against 157 industry peers in the Metals & Mining industry. FSM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. FSM is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make FSM suitable for value and quality investing!


Dividend Valuation Growth Profitability Health

8

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.
  • In the past 5 years FSM always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

1.2 Ratios

  • The Return On Assets of FSM (12.18%) is better than 87.90% of its industry peers.
  • The Return On Equity of FSM (17.14%) is better than 85.35% of its industry peers.
  • FSM has a Return On Invested Capital of 12.50%. This is amongst the best in the industry. FSM outperforms 83.44% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FSM is below the industry average of 11.53%.
  • The 3 year average ROIC (7.48%) for FSM is below the current ROIC(12.50%), indicating increased profibility in the last year.
Industry RankSector 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%
FSM Yearly ROA, ROE, ROICFSM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10 15

1.3 Margins

  • The Profit Margin of FSM (27.58%) is better than 87.26% of its industry peers.
  • In the last couple of years the Profit Margin of FSM has grown nicely.
  • FSM's Operating Margin of 37.15% is amongst the best of the industry. FSM outperforms 84.71% of its industry peers.
  • FSM's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 46.65%, FSM is doing good in the industry, outperforming 77.07% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FSM has grown nicely.
Industry RankSector 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%
FSM Yearly Profit, Operating, Gross MarginsFSM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

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
  • FSM has more shares outstanding than it did 5 years ago.
  • FSM has a better debt/assets ratio than last year.
FSM Yearly Shares OutstandingFSM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
FSM Yearly Total Debt VS Total AssetsFSM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 4.66 indicates that FSM is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 4.66, FSM is doing good in the industry, outperforming 61.78% of the companies in the same industry.
  • FSM has a debt to FCF ratio of 0.73. This is a very positive value and a sign of high solvency as it would only need 0.73 years to pay back of all of its debts.
  • The Debt to FCF ratio of FSM (0.73) is better than 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 has a Debt to Equity ratio (0.11) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.73
Altman-Z 4.66
ROIC/WACC1.25
WACC10.04%
FSM Yearly LT Debt VS Equity VS FCFFSM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 2.98 indicates that FSM has no problem at all paying its short term obligations.
  • FSM has a better Current ratio (2.98) than 64.97% of its industry peers.
  • FSM has a Quick Ratio of 2.50. This indicates that FSM is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Quick ratio value of 2.50, FSM is doing good in the industry, outperforming 67.52% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.98
Quick Ratio 2.5
FSM Yearly Current Assets VS Current LiabilitesFSM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

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.
  • The Earnings Per Share has been growing by 34.79% on average over the past years. This is a very strong growth
  • FSM shows a decrease in Revenue. In the last year, the revenue decreased by -1.87%.
  • FSM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.69% yearly.
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

  • Based on estimates for the next years, FSM will show a very strong growth in Earnings Per Share. The EPS will grow by 29.13% on average per year.
  • FSM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.98% yearly.
EPS Next Y122.71%
EPS Next 2Y46.19%
EPS Next 3Y36.68%
EPS Next 5Y29.13%
Revenue Next Year20.56%
Revenue Next 2Y4.81%
Revenue Next 3Y2.98%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FSM Yearly Revenue VS EstimatesFSM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.5 1 1.5

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Find the best growth stocksShow best growing peers

9

4. FSM Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.54, the valuation of FSM can be described as correct.
  • Based on the Price/Earnings ratio, FSM is valued cheaply inside the industry as 88.53% of the companies are valued more expensively.
  • FSM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.25.
  • Based on the Price/Forward Earnings ratio of 7.40, the valuation of FSM can be described as very cheap.
  • 92.99% of the companies in the same industry are more expensive than FSM, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of FSM to the average of the S&P500 Index (24.39), we can say FSM is valued rather cheaply.
Industry RankSector Rank
PE 16.54
Fwd PE 7.4
FSM Price Earnings VS Forward Price EarningsFSM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FSM is valued cheaply inside the industry as 94.27% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSM indicates a rather cheap valuation: FSM is cheaper than 96.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.39
EV/EBITDA 5.52
FSM Per share dataFSM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

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.
  • 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)0.13
PEG (5Y)0.48
EPS Next 2Y46.19%
EPS Next 3Y36.68%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FSM Dividend Analysis

5.1 Amount

  • FSM does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

FSM Fundamentals: All Metrics, Ratios and Statistics

FORTUNA MINING CORP

NYSE:FSM (3/10/2026, 8:04:00 PM)

After market: 11.87 +0.13 (+1.11%)

11.74

+0.11 (+0.95%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners79.21%
Inst Owner Change7.26%
Ins Owners0.74%
Ins Owner ChangeN/A
Market Cap3.58B
Revenue(TTM)1.04B
Net Income(TTM)287.47M
Analysts77.5
Price Target13.34 (13.63%)
Short Float %6.36%
Short Ratio2.34
Dividend
Industry RankSector 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)14.2%
PT rev (3m)42.57%
EPS NQ rev (1m)33.33%
EPS NQ rev (3m)37.5%
EPS NY rev (1m)29.48%
EPS NY rev (3m)28.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.35%
Revenue NY rev (3m)7.99%
Valuation
Industry RankSector Rank
PE 16.54
Fwd PE 7.4
P/S 3.44
P/FCF 12.39
P/OCF 7.67
P/B 2.14
P/tB 2.14
EV/EBITDA 5.52
EPS(TTM)0.71
EY6.05%
EPS(NY)1.59
Fwd EY13.51%
FCF(TTM)0.95
FCFY8.07%
OCF(TTM)1.53
OCFY13.04%
SpS3.41
BVpS5.49
TBVpS5.49
PEG (NY)0.13
PEG (5Y)0.48
Graham Number9.37
Profitability
Industry RankSector 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 RankSector 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 4.66
F-Score8
WACC10.04%
ROIC/WACC1.25
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 Y122.71%
EPS Next 2Y46.19%
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 Year20.56%
Revenue Next 2Y4.81%
Revenue Next 3Y2.98%
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 122.71% in the next year.