FORTUNA MINING CORP (FSM) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:FSM • CA3499421020

9.93 USD

-1.56 (-13.58%)

Last: Jan 30, 2026, 01:04 PM

Fundamental Rating

Overall FSM gets a fundamental rating of 7 out of 10. We evaluated FSM against 154 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. An interesting combination arises when we look at growth and value: FSM is growing strongly while it also seems undervalued. This makes FSM very considerable for value and growth and quality investing!

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1. Profitability

1.1 Basic Checks

FSM had positive earnings in the past year.
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.

1.2 Ratios

FSM has a Return On Assets of 10.30%. This is amongst the best in the industry. FSM outperforms 88.96% of its industry peers.
Looking at the Return On Equity, with a value of 14.25%, FSM belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 11.79%, FSM belongs to the top of the industry, outperforming 83.77% 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 10.33%.
The last Return On Invested Capital (11.79%) for FSM is above the 3 year average (5.85%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	10.3%
ROE	14.25%
ROIC	11.79%

ROA(3y)-1.11%

ROA(5y)0.32%

ROE(3y)-1.74%

ROE(5y)0.39%

ROIC(3y)5.85%

ROIC(5y)5.63%

1.3 Margins

FSM's Profit Margin of 21.48% is amongst the best of the industry. FSM outperforms 85.06% of its industry peers.
FSM's Profit Margin has improved in the last couple of years.
The Operating Margin of FSM (33.56%) is better than 83.12% of its industry peers.
FSM's Operating Margin has improved in the last couple of years.
FSM has a Gross Margin of 42.91%. This is in the better half of the industry: FSM outperforms 77.27% of its industry peers.
In the last couple of years the Gross Margin of FSM has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	33.56%
PM (TTM)	21.48%
GM	42.91%

OM growth 3Y-1.7%

OM growth 5Y2.93%

PM growth 3Y7.9%

PM growth 5Y5.55%

GM growth 3Y-2.98%

GM growth 5Y-0.63%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FSM is creating some value.
The number of shares outstanding for FSM remains at a similar level 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 4.94 indicates that FSM is not in any danger for bankruptcy at the moment.
FSM has a Altman-Z score of 4.94. This is in the better half of the industry: FSM outperforms 60.39% of its industry peers.
FSM has a debt to FCF ratio of 0.82. This is a very positive value and a sign of high solvency as it would only need 0.82 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.82, FSM belongs to the top of the industry, outperforming 88.96% of the companies in the same industry.
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 (0.12) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.12
Debt/FCF	0.82
Altman-Z	4.94

ROIC/WACC1.22

WACC9.7%

2.3 Liquidity

FSM has a Current Ratio of 3.30. This indicates that FSM is financially healthy and has no problem in meeting its short term obligations.
FSM's Current ratio of 3.30 is fine compared to the rest of the industry. FSM outperforms 68.18% of its industry peers.
A Quick Ratio of 2.73 indicates that FSM has no problem at all paying its short term obligations.
FSM's Quick ratio of 2.73 is fine compared to the rest of the industry. FSM outperforms 68.18% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	3.3
Quick Ratio	2.73

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 41.36% 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 22.67% on average per year.
FSM shows a small growth in Revenue. In the last year, the Revenue has grown by 4.78%.
Measured over the past years, FSM shows a very strong growth in Revenue. The Revenue has been growing by 32.79% on average per year.

EPS 1Y (TTM)41.36%

EPS 3Y3.57%

EPS 5Y22.67%

EPS Q2Q%-10.59%

Revenue 1Y (TTM)4.78%

Revenue growth 3Y20.98%

Revenue growth 5Y32.79%

Sales Q2Q%-8.56%

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 27.53% on average per year.
Based on estimates for the next years, FSM will show a small growth in Revenue. The Revenue will grow by 2.06% on average per year.

EPS Next Y54.53%

EPS Next 2Y56.5%

EPS Next 3Y33.39%

EPS Next 5Y27.53%

Revenue Next Year-0.65%

Revenue Next 2Y5.14%

Revenue Next 3Y2.22%

Revenue Next 5Y2.06%

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.
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.

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4. Valuation

4.1 Price/Earnings Ratio

FSM is valuated correctly with a Price/Earnings ratio of 16.02.
FSM's Price/Earnings ratio is rather cheap when compared to the industry. FSM is cheaper than 90.91% of the companies in the same industry.
When comparing the Price/Earnings ratio of FSM to the average of the S&P500 Index (28.39), we can say FSM is valued slightly cheaper.
FSM is valuated reasonably with a Price/Forward Earnings ratio of 8.11.
Based on the Price/Forward Earnings ratio, FSM is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
FSM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.72.

		Industry Rank	Sector Rank
PE	16.02
Fwd PE	8.11

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FSM is valued cheaper than 94.81% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSM indicates a rather cheap valuation: FSM is cheaper than 95.45% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	11.73
EV/EBITDA	5.78

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 33.39% in the coming years.