FORTUNA MINING CORP (FSM) Fundamental Analysis & Valuation

NYSE:FSM • CA3499421020

11.225 USD
-0.29 (-2.56%)
Last: Mar 9, 2026, 02:00 PM
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This FSM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

FSM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making FSM a very profitable company, without any liquidiy or solvency issues. 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.


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.
  • 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 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.
  • With an excellent Return On Equity value of 17.14%, FSM belongs to the best of the industry, outperforming 85.35% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 12.50%, FSM belongs to the best of the industry, outperforming 83.44% of the companies in the same industry.
  • FSM had an Average Return On Invested Capital over the past 3 years of 7.48%. This is below the industry average of 11.48%.
  • The last Return On Invested Capital (12.50%) for FSM is above the 3 year average (7.48%), which is a sign of increasing profitability.
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.
  • 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 84.71% of its industry peers.
  • FSM's Operating Margin has improved in the last couple of years.
  • FSM has a Gross Margin of 46.65%. This is in the better half of the industry: FSM outperforms 77.07% of its industry peers.
  • 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FSM is still creating some value.
  • FSM has less shares outstanding than it did 1 year ago.
  • 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.
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

  • FSM has an Altman-Z score of 4.63. This indicates that FSM is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 4.63, FSM is doing good in the industry, outperforming 61.78% 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 better Debt to FCF ratio (0.73) than 87.90% of its industry peers.
  • A Debt/Equity ratio of 0.11 indicates that FSM is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.11, FSM is in line with its industry, outperforming 56.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.73
Altman-Z 4.63
ROIC/WACC1.24
WACC10.05%
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

  • 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.
  • FSM's Current ratio of 2.98 is fine compared to the rest of the industry. FSM outperforms 64.97% of its industry peers.
  • A Quick Ratio of 2.50 indicates that FSM has no problem at all paying its short term obligations.
  • The Quick ratio of FSM (2.50) is better than 67.52% of its industry peers.
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

  • The Earnings Per Share has grown by an impressive 42.40% over the past year.
  • Measured over the past years, FSM shows a very strong growth in Earnings Per Share. The EPS has been growing by 34.79% on average per year.
  • 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

  • The Earnings Per Share is expected to grow by 29.13% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, FSM will show a small growth in Revenue. The Revenue will grow by 2.98% on average per year.
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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9

4. FSM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.81 indicates a correct valuation of FSM.
  • Based on the Price/Earnings ratio, FSM is valued cheaply inside the industry as 88.53% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.29. FSM is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 7.08, the valuation of FSM can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, FSM is valued cheaper than 92.99% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of FSM to the average of the S&P500 Index (24.60), we can say FSM is valued rather cheaply.
Industry RankSector Rank
PE 15.81
Fwd PE 7.08
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

  • 94.90% of the companies in the same industry are more expensive than FSM, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, FSM is valued cheaply inside the industry as 96.82% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.84
EV/EBITDA 5.47
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.
  • A more expensive valuation may be justified as FSM's earnings are expected to grow with 36.68% in the coming years.
PEG (NY)0.13
PEG (5Y)0.45
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

  • No dividends for FSM!.
Industry RankSector Rank
Dividend Yield 0%

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FSM Fundamentals: All Metrics, Ratios and Statistics

FORTUNA MINING CORP

NYSE:FSM (3/9/2026, 2:00:09 PM)

11.225

-0.29 (-2.56%)

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 Cap3.43B
Revenue(TTM)1.04B
Net Income(TTM)287.47M
Analysts77.5
Price Target13.34 (18.84%)
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 15.81
Fwd PE 7.08
P/S 3.29
P/FCF 11.84
P/OCF 7.33
P/B 2.04
P/tB 2.04
EV/EBITDA 5.47
EPS(TTM)0.71
EY6.33%
EPS(NY)1.59
Fwd EY14.13%
FCF(TTM)0.95
FCFY8.44%
OCF(TTM)1.53
OCFY13.64%
SpS3.41
BVpS5.49
TBVpS5.49
PEG (NY)0.13
PEG (5Y)0.45
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 4.63
F-Score8
WACC10.05%
ROIC/WACC1.24
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.