Fortuna Mining Corp. (FSM) Valuation — DCF, Graham & Comparables

Fortuna Mining Corp. (FSM) — Price $9.37 (closing price, October 29, 2026) — Basic Materials — Gold — NYSE

Latest reported results:

Valuation dashboard for Fortuna Mining Corp. (FSM) with P/E 7.94, P/B 1.60, EV/EBITDA 3.06 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Basic Materials companies.

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.

Analysis Summary

Fortuna Mining Corp. reported revenue of $960.1M in the most recent fiscal year, growing at a 5-year CAGR of 28.0%. Net income reached $302.1M, with a 69.6% 5-year CAGR.

Trailing-twelve-month margins: gross margin 57.1%, operating margin 52.5%, net margin 32.0%.

At $9.37 (closing price, October 29, 2026), FSM trades at a P/E of 7.94 and an ROE of 22.20%. Market capitalisation stands at $2.8B.

Balance sheet quality for FSM: current ratio of 3.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio7.94
Price / Book1.60
EV / EBITDA3.06
Dividend Yield0.00%

Valuation Models

DCF Fair Value$2.26
vs Current Price-75.9%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
FSMFortuna Mining Corp.$2.8B7.941.6022.2%
PPTAPerpetua Resources Corp.$2.1B3.14-31.7%
AUGOAura Minerals$6.5B22.0014.3888.7%
MEOHMethanex Corporation$4.9B62.161.903.5%
CGAUCenterra Gold Inc.$4.0B6.611.8630.9%
TTAMTitan America S.A.$2.6B14.612.3317.0%
BCCBoise Cascade Company$2.7B26.391.355.1%
EXKEndeavour Silver Corp.$2.3B41.283.2310.5%

Price

Price$9.37 (closing price, October 29, 2026)
Market Cap$2.8B
ExchangeNYSE
CountryCA

Profitability

Return on Equity22.20%
Return on Invested Capital18.75%
Return on Assets15.18%
Gross Margin57.12%
Operating Margin52.46%
Net Margin32.02%

Related companies: PPTA · AUGO · MEOH · CGAU · TTAM · BCC · EXK

Explore sector: Basic Materials · Gold

More sections of FSM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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