Intrinsiqq
Fortuna Mining Corp. logoFortuna Mining Corp.FSM
$10.34-0.48%
Fortuna Mining Corp. logo

Fortuna Mining Corp.

FSM

$10.34

-$0.05 (-0.48%)

⊜ Compare
ProfitabilityStrong marginsGrowthDecliningCash FlowStrong conversionValuationAttractively priced
What stands out

Margins and capital returns are both well above average: 38.98% operating margin, ROIC at 15.01%. Consistent with durable pricing power, though that alone doesn't make it a buy.

What's changing

Revenue declined 10.8% YoY. The question is whether this is cyclical or a structural shift.

What deserves caution

Even for strong businesses, today's 9x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.

Valuation context

8.7x earnings, 5.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.

Price History

+29.1%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$3.40B
EPS$1.19
P/E8.68
P/FCF5.55
EV/EBITDA3.99
FCF Yield18.0%
Div. Yield—
Net Debt/FCF-0.6x
52-Week Range
$7.84$13.66

Profitability & Returns

Revenue (TTM)

$1.18B

▼ -10.8% YoY

Net Income (TTM)

$406M

▲ +119.2% YoY

Op. Margin

48.66%

▲ +14.8pp YoY

ROIC

15.01%

▲ +4.3pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

$613M

▲ +71.3% YoY

Op. Cash Flow (TTM)

$819M

▲ +9.5% YoY

Net Debt

-$349M

Net Cash Position

Cash & Equiv.

$561M

3Y CAGR: +11.6%

Continue Research

Is Fortuna Mining (FSM) overvalued?

At a P/E of 8.7 and a price-to-free-cash-flow of 5.5, Fortuna Mining (FSM) trades below a two-stage DCF intrinsic value of about $95.16 per share, so at $10.34 the stock looks undervalued (820.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Fortuna Mining scores 88/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Fortuna Mining's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $95.16 per share for FSM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $71.37. At today's $10.34, that puts the stock about 820.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Fortuna Mining a high-quality business?+

Fortuna Mining scores 88 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 48.7% operating margin and a 15.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Is Fortuna Mining a good stock to buy right now?+

That depends on valuation and quality together, not either alone. FSM currently trades below its estimated intrinsic value and scores 88/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.

Related stocks: Gold

Spot a number that looks wrong?

Download this analysis as a PDF (Pro)

Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

2 of 2 free stocks used today

Keep analysing FSM

Create a free account and get 14 days of Premium: every stock and every tool.

  • Unlimited stocks
  • Stock screener
  • Portfolio tracker
  • Editable DCF
  • Compare side by side
  • Unlimited alerts

No card. Moves to Free after, unless you upgrade.

Already have an account?

Or come back tomorrow. Stocks on your watchlist are always free to view.

SectorsPrivacyTerms© 2026 Intrinsiqq

Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.