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 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes FSM very considerable 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.
- The reported net income has been mixed in the past 5 years: FSM reported negative net income in multiple years.
- In the past 5 years FSM always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 12.18%, FSM belongs to the top 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.
- With an excellent Return On Invested Capital value of 12.50%, FSM belongs to the best of the industry, outperforming 84.08% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital 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's Profit Margin of 27.58% is amongst the best of the industry. FSM outperforms 87.90% of its industry peers.
- In the last couple of years the Profit Margin of FSM has grown nicely.
- The Operating Margin of FSM (37.15%) is better than 85.35% of its industry peers.
- FSM's Operating Margin has improved in the last couple of years.
- FSM's Gross Margin of 46.65% is fine compared to the rest of the industry. FSM outperforms 77.71% of its industry peers.
- FSM's Gross Margin has improved in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FSM is still creating some value.
- The number of shares outstanding for FSM has been reduced compared to 1 year ago.
- The number of shares outstanding for FSM has been increased compared to 5 years ago.
- FSM has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.69 indicates that FSM is not in any danger for 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.
- 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | 4.69 |
ROIC/WACC1.26
WACC9.91%
2.3 Liquidity
- A Current Ratio of 2.98 indicates that FSM has no problem at all paying its short term obligations.
- FSM's Current ratio of 2.98 is fine compared to the rest of the industry. FSM outperforms 63.06% 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.
- Looking at the Quick ratio, with a value of 2.50, FSM is in the better half of the industry, outperforming 64.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.98 | ||
| Quick Ratio | 2.5 |
3. FSM Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 42.40% over the past year.
- The Earnings Per Share has been growing by 34.79% on average over the past years. This is a very strong growth
- Looking at the last year, FSM shows a decrease in Revenue. The Revenue has decreased by -1.87% in the last year.
- 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
- The Revenue is expected to grow by 3.30% on average over the next years.
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
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- 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
- A Price/Earnings ratio of 16.23 indicates a correct valuation of FSM.
- 88.53% of the companies in the same industry are more expensive than FSM, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, FSM is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 9.41, the valuation of FSM can be described as reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FSM indicates a rather cheap valuation: FSM is cheaper than 85.35% of the companies listed 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
- FSM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FSM is cheaper than 94.90% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, FSM is valued cheaper than 97.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.15 | ||
| EV/EBITDA | 5.58 |
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 has an outstanding profitability rating, which 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
- No dividends for FSM!.
| 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)02-18 2026-02-18/amc
Earnings (Next)05-05 2026-05-05/amc
Inst Owners79.32%
Inst Owner Change7.26%
Ins Owners0.77%
Ins Owner ChangeN/A
Market Cap3.52B
Revenue(TTM)1.04B
Net Income(TTM)287.47M
Analysts75
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.