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FORTUNA MINING CORP (FSM) Stock Fundamental Analysis

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

4.91  +0.28 (+6.05%)

After market: 4.91 0 (0%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to FSM. FSM was compared to 151 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on FSM. These ratings could make FSM a good candidate for value investing.


Dividend Valuation Growth Profitability Health

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6

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M

1.2 Ratios

FSM has a Return On Assets of 1.20%. This is in the better half of the industry: FSM outperforms 60.93% of its industry peers.
The Return On Equity of FSM (1.77%) is better than 60.93% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.10%, FSM belongs to the top of the industry, outperforming 84.77% of the companies in the same industry.
FSM had an Average Return On Invested Capital over the past 3 years of 5.45%. This is below the industry average of 8.54%.
The 3 year average ROIC (5.45%) for FSM is below the current ROIC(9.10%), indicating increased profibility in the last year.
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

Looking at the Profit Margin, with a value of 2.45%, FSM is in the better half of the industry, outperforming 66.23% of the companies in the same industry.
FSM has a Operating Margin of 20.92%. This is in the better half of the industry: FSM outperforms 78.15% of its industry peers.
FSM's Operating Margin has declined in the last couple of years.
FSM's Gross Margin of 29.73% is fine compared to the rest of the industry. FSM outperforms 70.20% of its industry peers.
FSM's Gross Margin has declined in the last couple of years.
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

FSM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FSM has more shares outstanding
Compared to 5 years ago, FSM has more shares outstanding
The debt/assets ratio for FSM is higher compared to a year ago.
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

FSM has an Altman-Z score of 2.47. This is not the best score and indicates that FSM is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.47, FSM is in line with its industry, outperforming 52.98% of the companies in the same 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.
FSM has a Debt to FCF ratio of 1.49. This is amongst the best in the industry. FSM outperforms 84.11% of its industry peers.
FSM has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
FSM has a Debt to Equity ratio of 0.12. This is comparable to the rest of the industry: FSM outperforms 59.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.49
Altman-Z 2.47
ROIC/WACC0.97
WACC9.34%
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

A Current Ratio of 1.94 indicates that FSM should not have too much problems paying its short term obligations.
FSM's Current ratio of 1.94 is in line compared to the rest of the industry. FSM outperforms 44.37% 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.
With a Quick ratio value of 1.37, FSM perfoms like the industry average, outperforming 49.67% of the companies in the same industry.
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.
The Earnings Per Share has been growing slightly by 1.75% on average over the past years.
The Revenue has grown by 38.19% in the past year. This is a very strong growth!
FSM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 26.19% yearly.
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

Based on estimates for the next years, FSM will show a very strong growth in Earnings Per Share. The EPS will grow by 23.06% on average per year.
FSM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.68% yearly.
EPS Next Y131.11%
EPS Next 2Y85.71%
EPS Next 3Y43.5%
EPS Next 5Y23.06%
Revenue Next Year26.66%
Revenue Next 2Y11.59%
Revenue Next 3Y-1.89%
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

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9

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 11.16 indicates a reasonable valuation of FSM.
89.40% of the companies in the same industry are more expensive than FSM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FSM to the average of the S&P500 Index (29.35), we can say FSM is valued rather cheaply.
FSM is valuated cheaply with a Price/Forward Earnings ratio of 6.22.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FSM indicates a rather cheap valuation: FSM is cheaper than 94.70% of the companies listed in the same industry.
FSM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.16
Fwd PE 6.22
FSM Price Earnings VS Forward Price EarningsFSM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FSM is valued cheaply inside the industry as 96.69% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, FSM is valued cheaply inside the industry as 89.40% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.88
EV/EBITDA 3.34
FSM Per share dataFSM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

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 decent profitability rating of FSM may justify a higher PE ratio.
FSM's earnings are expected to grow with 43.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.09
PEG (5Y)6.39
EPS Next 2Y85.71%
EPS Next 3Y43.5%

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0

5. Dividend

5.1 Amount

FSM does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FORTUNA MINING CORP

NYSE:FSM (3/7/2025, 9:44:26 PM)

After market: 4.91 0 (0%)

4.91

+0.28 (+6.05%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-04 2025-03-04/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners63.11%
Inst Owner Change-0.13%
Ins Owners1.16%
Ins Owner ChangeN/A
Market Cap1.51B
Analysts71.11
Price Target5.8 (18.13%)
Short Float %5.12%
Short Ratio1.21
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)-1.24%
PT rev (3m)-3.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.39%
EPS NY rev (1m)-4.73%
EPS NY rev (3m)-4.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.06%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)0.56%
Valuation
Industry RankSector Rank
PE 11.16
Fwd PE 6.22
P/S 1.47
P/FCF 11.88
P/OCF 4.7
P/B 1.06
P/tB 1.06
EV/EBITDA 3.34
EPS(TTM)0.44
EY8.96%
EPS(NY)0.79
Fwd EY16.09%
FCF(TTM)0.41
FCFY8.42%
OCF(TTM)1.05
OCFY21.29%
SpS3.34
BVpS4.63
TBVpS4.63
PEG (NY)0.09
PEG (5Y)6.39
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 2.47
F-Score8
WACC9.34%
ROIC/WACC0.97
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 Y131.11%
EPS Next 2Y85.71%
EPS Next 3Y43.5%
EPS Next 5Y23.06%
Revenue 1Y (TTM)38.19%
Revenue growth 3Y44.54%
Revenue growth 5Y26.19%
Sales Q2Q%13.08%
Revenue Next Year26.66%
Revenue Next 2Y11.59%
Revenue Next 3Y-1.89%
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%