FORTUNA MINING CORP (FVI.CA) Stock Fundamental Analysis

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

15.97 CAD

+0.23 (+1.46%)

Last: 1/23/2026, 7:00:00 PM

Fundamental Rating

FVI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 820 industry peers in the Metals & Mining industry. FVI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. An interesting combination arises when we look at growth and value: FVI is growing strongly while it also seems undervalued. These ratings would make FVI suitable for value and growth and quality investing!

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1. Profitability

1.1 Basic Checks

In the past year FVI was profitable.
FVI had a positive operating cash flow in the past year.
In multiple years FVI reported negative net income over the last 5 years.
Each year in the past 5 years FVI had a positive operating cash flow.

1.2 Ratios

The Return On Assets of FVI (10.30%) is better than 93.05% of its industry peers.
With an excellent Return On Equity value of 14.25%, FVI belongs to the best of the industry, outperforming 92.80% of the companies in the same industry.
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 3 year average ROIC (5.85%) for FVI is below the current ROIC(11.79%), indicating increased profibility in the last year.

		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

Looking at the Profit Margin, with a value of 21.48%, FVI belongs to the top of the industry, outperforming 94.39% of the companies in the same industry.
In the last couple of years the Profit Margin of FVI has grown nicely.
The Operating Margin of FVI (33.56%) is better than 94.88% of its industry peers.
FVI's Operating Margin has improved in the last couple of years.
FVI has a better Gross Margin (42.91%) than 93.29% of its industry peers.
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.
Compared to 1 year ago, FVI has about the same amount of shares outstanding.
FVI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FVI has an improved debt to assets ratio.

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.
FVI 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.
FVI's Debt to FCF ratio of 0.82 is amongst the best of the industry. FVI outperforms 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.
The Debt to Equity ratio of FVI (0.12) is worse than 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

FVI has a Current Ratio of 3.30. This indicates that FVI is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 3.30, FVI is doing good in 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.
With a decent Quick ratio value of 2.73, FVI is doing good in the industry, outperforming 61.59% of the companies in the same industry.

		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.
The Revenue has been growing by 32.79% on average over the past years. This is a very strong growth!

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, FVI will show a very strong growth in Earnings Per Share. The EPS will grow by 27.53% on average per year.
FVI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.06% yearly.

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

The EPS growth rate is accelerating: in the next years the growth will be better 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.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 18.57, the valuation of FVI can be described as rather expensive.
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.
FVI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 9.47, which indicates a very decent valuation of FVI.
94.76% of the companies in the same industry are more expensive than FVI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FVI to the average of the S&P500 Index (25.98), we can say FVI is valued rather cheaply.

		Industry Rank	Sector Rank
PE	18.57
Fwd PE	9.47

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.
98.17% of the companies in the same industry are more expensive than FVI, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	13.7
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.
A more expensive valuation may be justified as FVI's earnings are expected to grow with 33.39% in the coming years.