FORTUNA MINING CORP (FVI.CA) Fundamental Analysis & Valuation
TSX:FVI • CA3499421020
15.93 CAD
+0.15 (+0.95%)
Last: Mar 10, 2026, 07:00 PM
This FVI.CA 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 FVI. FVI was compared to 815 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. FVI scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, FVI could be worth investigating further for value and quality investing!.
1. FVI.CA Profitability Analysis
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
- FVI has a better Return On Assets (12.18%) than 93.50% of its industry peers.
- Looking at the Return On Equity, with a value of 17.14%, FVI belongs to the top of the industry, outperforming 93.99% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 12.50%, FVI belongs to the top of the industry, outperforming 95.09% of the companies in the same industry.
- FVI had an Average Return On Invested Capital over the past 3 years of 7.48%. This is significantly below the industry average of 12.69%.
- The 3 year average ROIC (7.48%) for FVI 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
- Looking at the Profit Margin, with a value of 27.58%, FVI belongs to the top of the industry, outperforming 94.97% of the companies in the same industry.
- In the last couple of years the Profit Margin of FVI has grown nicely.
- FVI has a Operating Margin of 37.15%. This is amongst the best in the industry. FVI outperforms 95.58% of its industry peers.
- In the last couple of years the Operating Margin of FVI has grown nicely.
- FVI has a Gross Margin of 46.65%. This is amongst the best in the industry. FVI outperforms 93.74% of its industry peers.
- FVI'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. FVI.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FVI is still creating some value.
- FVI has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, FVI has more shares outstanding
- Compared to 1 year ago, FVI has an improved debt to assets ratio.
2.2 Solvency
- FVI has an Altman-Z score of 4.70. This indicates that FVI is financially healthy and has little risk of bankruptcy at the moment.
- With a Altman-Z score value of 4.70, FVI perfoms like the industry average, outperforming 52.52% of the companies in the same industry.
- FVI 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 FVI (0.73) is better than 94.60% of its industry peers.
- A Debt/Equity ratio of 0.11 indicates that FVI is not too dependend on debt financing.
- FVI has a worse Debt to Equity ratio (0.11) than 63.44% of its industry peers.
- Although FVI's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | 4.7 |
ROIC/WACC1.24
WACC10.08%
2.3 Liquidity
- A Current Ratio of 2.98 indicates that FVI has no problem at all paying its short term obligations.
- FVI's Current ratio of 2.98 is fine compared to the rest of the industry. FVI outperforms 61.60% of its industry peers.
- FVI has a Quick Ratio of 2.50. This indicates that FVI is financially healthy and has no problem in meeting its short term obligations.
- FVI has a Quick ratio (2.50) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.98 | ||
| Quick Ratio | 2.5 |
3. FVI.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 42.40% over the past year.
- Measured over the past years, FVI shows a very strong growth in Earnings Per Share. The EPS has been growing by 34.79% on average per year.
- Looking at the last year, FVI shows a decrease in Revenue. The Revenue has decreased by -1.87% in the last year.
- Measured over the past years, FVI shows a very strong growth in Revenue. The Revenue has been growing by 27.69% on average per year.
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
- Based on estimates for the next years, FVI will show a very strong growth in Earnings Per Share. The EPS will grow by 29.13% on average per year.
- Based on estimates for the next years, FVI will show a small growth in Revenue. The Revenue will grow by 2.98% on average per year.
EPS Next Y122.71%
EPS Next 2Y46.19%
EPS Next 3Y36.68%
EPS Next 5Y29.13%
Revenue Next Year20.56%
Revenue Next 2Y4.81%
Revenue Next 3Y2.98%
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. FVI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 16.59, the valuation of FVI can be described as correct.
- Based on the Price/Earnings ratio, FVI is valued cheaply inside the industry as 93.74% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 26.25. FVI is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 7.41, the valuation of FVI can be described as very cheap.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FVI indicates a rather cheap valuation: FVI is cheaper than 95.83% of the companies listed in the same industry.
- FVI is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.59 | ||
| Fwd PE | 7.41 |
4.2 Price Multiples
- FVI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FVI is cheaper than 97.91% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, FVI is valued cheaper than 98.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.4 | ||
| EV/EBITDA | 5.59 |
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 36.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)0.48
EPS Next 2Y46.19%
EPS Next 3Y36.68%
5. FVI.CA Dividend Analysis
5.1 Amount
- FVI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
FVI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:FVI (3/10/2026, 7:00:00 PM)
15.93
+0.15 (+0.95%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)05-05 2026-05-05/amc
Inst Owners79.21%
Inst Owner ChangeN/A
Ins Owners0.74%
Ins Owner ChangeN/A
Market Cap4.86B
Revenue(TTM)1.04B
Net Income(TTM)287.47M
Analysts77.5
Price Target18.28 (14.75%)
Short Float %N/A
Short RatioN/A
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)14.36%
PT rev (3m)39.98%
EPS NQ rev (1m)33.33%
EPS NQ rev (3m)37.5%
EPS NY rev (1m)29.48%
EPS NY rev (3m)28.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)8.35%
Revenue NY rev (3m)7.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.59 | ||
| Fwd PE | 7.41 | ||
| P/S | 3.44 | ||
| P/FCF | 12.4 | ||
| P/OCF | 7.68 | ||
| P/B | 2.14 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 5.59 |
EPS(TTM)0.96
EY6.03%
EPS(NY)2.15
Fwd EY13.49%
FCF(TTM)1.28
FCFY8.06%
OCF(TTM)2.07
OCFY13.03%
SpS4.63
BVpS7.45
TBVpS7.45
PEG (NY)0.14
PEG (5Y)0.48
Graham Number12.68
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 | 4.7 |
F-Score8
WACC10.08%
ROIC/WACC1.24
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 Y122.71%
EPS Next 2Y46.19%
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 Year20.56%
Revenue Next 2Y4.81%
Revenue Next 3Y2.98%
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 / FVI.CA FAQ
What is the ChartMill fundamental rating of FORTUNA MINING CORP (FVI.CA) stock?
ChartMill assigns a fundamental rating of 7 / 10 to FVI.CA.
What is the valuation status for FVI stock?
ChartMill assigns a valuation rating of 9 / 10 to FORTUNA MINING CORP (FVI.CA). This can be considered as Undervalued.
How profitable is FORTUNA MINING CORP (FVI.CA) stock?
FORTUNA MINING CORP (FVI.CA) has a profitability rating of 8 / 10.
What is the expected EPS growth for FORTUNA MINING CORP (FVI.CA) stock?
The Earnings per Share (EPS) of FORTUNA MINING CORP (FVI.CA) is expected to grow by 122.71% in the next year.