FORTUNA MINING CORP (FVI.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:FVI - CA3499421020 - Common Stock

15.73 CAD

-0.24 (-1.5%)

Last: 1/26/2026, 7:00:00 PM

Fundamental Rating

We assign a fundamental rating of 7 out of 10 to FVI. FVI was compared to 820 industry peers in the Metals & Mining industry. FVI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. FVI has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings could make FVI a good candidate for value and growth and quality investing.

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1. Profitability

1.1 Basic Checks

FVI had positive earnings in the past year.
In the past year FVI had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: FVI reported negative net income in multiple years.
In the past 5 years FVI always reported a positive cash flow from operatings.

1.2 Ratios

Looking at the Return On Assets, with a value of 10.30%, FVI belongs to the top of the industry, outperforming 93.05% of the companies in the same industry.
The Return On Equity of FVI (14.25%) is better than 92.80% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.79%, FVI belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FVI is significantly below the industry average of 12.04%.
The last Return On Invested Capital (11.79%) for FVI 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

FVI's Profit Margin of 21.48% is amongst the best of the industry. FVI outperforms 94.39% of its industry peers.
In the last couple of years the Profit Margin of FVI has grown nicely.
FVI's Operating Margin of 33.56% is amongst the best of the industry. FVI outperforms 94.88% of its industry peers.
FVI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 42.91%, FVI belongs to the top of the industry, outperforming 93.29% of the companies in the same industry.
In the last couple of years the Gross Margin of FVI 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), FVI is creating some value.
The number of shares outstanding for FVI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, FVI has more shares outstanding
The debt/assets ratio for FVI has been reduced compared to a year ago.

2.2 Solvency

FVI has an Altman-Z score of 4.97. This indicates that FVI is financially healthy and has little risk of bankruptcy at the moment.
FVI has a Altman-Z score of 4.97. This is comparable to the rest of the industry: FVI outperforms 52.68% of its industry peers.
The Debt to FCF ratio of FVI is 0.82, which is an excellent value as it means it would take FVI, only 0.82 years of fcf income to pay off all of its debts.
FVI has a better Debt to FCF ratio (0.82) than 94.27% of its industry peers.
FVI has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
FVI has a Debt to Equity ratio of 0.12. This is in the lower half of the industry: FVI underperforms 63.17% of its industry peers.
Even though the debt/equity ratio score it not favorable for FVI, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.

		Industry Rank	Sector Rank
Debt/Equity	0.12
Debt/FCF	0.82
Altman-Z	4.97

ROIC/WACC1.21

WACC9.71%

2.3 Liquidity

A Current Ratio of 3.30 indicates that FVI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.30, FVI is in the better half of the industry, outperforming 64.88% of the companies in the same industry.
FVI has a Quick Ratio of 2.73. This indicates that FVI is financially healthy and has no problem in meeting its short term obligations.
FVI has a better Quick ratio (2.73) than 61.59% 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

FVI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.36%, which is quite impressive.
FVI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.67% yearly.
The Revenue has been growing slightly by 4.78% in the past year.
Measured over the past years, FVI 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

FVI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.53% yearly.
Based on estimates for the next years, FVI 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

A Price/Earnings ratio of 18.29 indicates a rather expensive valuation of FVI.
Compared to the rest of the industry, the Price/Earnings ratio of FVI indicates a rather cheap valuation: FVI is cheaper than 94.27% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FVI to the average of the S&P500 Index (27.25), we can say FVI is valued slightly cheaper.
FVI is valuated reasonably with a Price/Forward Earnings ratio of 9.33.
FVI's Price/Forward Earnings ratio is rather cheap when compared to the industry. FVI is cheaper than 94.76% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 25.98. FVI is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	18.29
Fwd PE	9.33

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FVI is valued cheaply inside the industry as 97.80% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, FVI is valued cheaply inside the industry as 98.17% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	13.5
EV/EBITDA	5.84

4.3 Compensation for Growth

FVI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FVI has an outstanding profitability rating, which may justify a higher PE ratio.
FVI's earnings are expected to grow with 33.39% in the coming years. This may justify a more expensive valuation.