Fortuna Mining Corp. (FSM) is a publicly traded company in the Basic Materials — Gold industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Fortuna Silver Mines Inc. specializes in the procurement, prospecting, and mining of precious and base metals. The company conducts its operations across five countries: Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire.
Is Fortuna Mining Corp. stock overvalued or undervalued in 2026?
Fortuna Mining Corp. (FSM) trades at 7.9× earnings (P/E), against a median of 18.8× across the 156 materials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (7.9) does not tell whether it is cheap.
Kaplio overview: Fortuna Mining Corp.
Market cap $3B · 52 weeks $8 – $14 (31 % below the high) · P/E 7.9× · 2027 expected P/E 6.1× · Dividend none · Next earnings November 4, 2026 · expected EPS $0.36 · Closing price, Oct 29 · accounts published Aug 5.
- Valuation: P/E 7.9× (no verdict).
- Business: ROIC 19 % (fair).
- Balance sheet: Net cash/EBITDA 0.5× (solid).
- Earnings: 1 of 8 (disappointing).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (7.9) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 45.3 times.
What matters in materials: 7 of 7 pass
- FCF yield 13.5 %, passes.
- Gross margin 48.7 %, passes.
- Net debt / EBITDA (trough) −0.5×, passes.
- Capex / D&A 0.9×, passes.
- Altman Z-Score 4.1, passes.
- P/B across cycles 1.6×, passes.
- Cycle-adjusted EV/EBITDA 3.1×, passes.
Against its peers (reference peers) — Fortuna Mining Corp.: P/E 7.9×; EV/EBITDA 3.1×; ROIC 18.8 %; $2.8B. Centerra Gold Inc. (P/E 6.6×; EV/EBITDA 4.2×; ROIC 18.9 %; $4.0B), Aura Minerals (P/E 22.0×; EV/EBITDA 11.4×; ROIC 32.5 %; $6.5B), Boise Cascade Company (P/E 26.4×; EV/EBITDA 8.6×; ROIC 4.3 %; $2.7B).
Profitability
| Return on Equity | 22.20% |
| Return on Invested Capital | 18.75% |
| Return on Assets | 15.18% |
| Gross Margin | 57.12% |
| Operating Margin | 52.46% |
| Net Margin | 32.02% |
Financial Health
| Debt / Equity | 0.13 |
| Current Ratio | 3.00 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 4.08 |
Price Performance
| 1 month | -16.64% |
| 3 months | +11.15% |
| Year-to-date | -4.49% |
| 1 year | +13.44% |
| 3 years | +233.45% |
| 5 years | +92.80% |
| 10 years | +28.71% |
Related companies: PPTA · AUGO · MEOH · CGAU · TTAM · BCC · EXK
Explore sector: Basic Materials · Gold
More sections of FSM: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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