Fortuna Mining Corp. (FSM) Financial Ratios
26 years of historical data (2000–2025) · Basic Materials · Other Precious Metals
EV/EBITDA
↑
4.47
↓-43% vs avg
5yr avg: 7.82
30Y Low2.8·High31.1
P/FCF
↓
9.58
↓-14% vs avg
5yr avg: 11.15
30Y Low8.2·High62.5
P/B Ratio
↑
1.79
↑+72% vs avg
5yr avg: 1.04
30Y Low0.5·High3.0
ROE
↑
18.9%
↓+367% vs avg
5yr avg: 4.0%
30Y Low-28%·High19%
Debt/EBITDA
↓
0.47
↓-66% vs avg
5yr avg: 1.37
30Y Low0.0·High4.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FSM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fortuna Mining Corp. trades at 10.3x earnings, 19% below its 5-year average of 12.8x, sitting at the 0th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 56%. On a free-cash-flow basis, the stock trades at 9.6x P/FCF, 14% below the 5-year average of 11.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $3.3B | $1.3B | $1.1B | $1.1B | $973M | $1.5B | $671M | $588M | $826M | $780M |
| Enterprise Value | $2.5B | $3.0B | $1.3B | $1.3B | $1.3B | $1.1B | $1.6B | $758M | $576M | $684M | $740M |
| P/E Ratio → | 10.29 | 10.90 | 10.46 | — | — | 16.96 | 68.67 | 27.20 | 17.33 | 12.43 | 43.46 |
| P/S Ratio | 2.94 | 3.42 | 1.26 | 1.35 | 1.60 | 1.62 | 5.50 | 2.61 | 2.23 | 3.08 | 3.71 |
| P/B Ratio | 1.79 | 1.90 | 0.91 | 0.88 | 0.85 | 0.68 | 2.11 | 1.06 | 0.98 | 1.47 | 1.84 |
| P/FCF | 9.58 | 11.16 | 8.23 | 14.05 | — | — | 4355.80 | — | — | 35.71 | 62.55 |
| P/OCF | 5.93 | 6.91 | 3.65 | 3.77 | 5.62 | 6.61 | 16.42 | 10.65 | 7.05 | 11.77 | 14.80 |
P/E links to full P/E history page with 30-year chart
FSM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Fortuna Mining Corp.'s enterprise value stands at 4.5x EBITDA, 43% below its 5-year average of 7.8x. The Basic Materials sector median is 11.0x, placing the stock at a 59% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.12 | 1.22 | 1.51 | 1.84 | 1.75 | 5.66 | 2.95 | 2.19 | 2.55 | 3.52 |
| EV / EBITDA | 4.47 | 5.29 | 2.78 | 5.81 | 21.13 | 4.06 | 15.39 | 9.41 | 5.49 | 4.41 | 9.05 |
| EV / EBIT | 6.85 | 8.11 | 5.48 | 114.86 | — | 8.79 | 25.80 | 16.70 | 8.32 | 6.38 | 15.21 |
| EV / FCF | — | 10.19 | 8.00 | 15.73 | — | — | 4487.09 | — | — | 29.56 | 59.36 |
FSM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fortuna Mining Corp. earns an operating margin of 38.5%, significantly above the Basic Materials sector average of 10.3%. Operating margins have expanded from -0.0% to 38.5% over the past 3 years, signaling improving operational efficiency. ROE of 18.9% indicates solid capital efficiency. ROIC of 19.3% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.7% | 48.7% | 32.4% | 22.6% | 21.5% | 34.3% | 39.5% | 32.9% | 36.7% | 40.9% | 38.3% |
| Operating Margin | 38.5% | 38.5% | 21.5% | -0.0% | -16.7% | 22.8% | 20.5% | 13.3% | 23.4% | 41.1% | 23.1% |
| Net Profit Margin | 31.5% | 31.5% | 12.1% | -6.0% | -18.8% | 9.6% | 7.7% | 9.3% | 12.9% | 24.7% | 8.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.9% | 18.9% | 9.3% | -3.9% | -9.4% | 5.4% | 3.2% | 3.8% | 5.8% | 13.4% | 5.2% |
| ROA | 13.3% | 13.3% | 6.3% | -2.6% | -6.6% | 3.8% | 2.2% | 2.8% | 4.6% | 10.4% | 3.8% |
| ROIC | 19.3% | 19.3% | 12.0% | -0.0% | -5.8% | 9.0% | 5.7% | 3.9% | 9.1% | 20.6% | 11.8% |
| ROCE | 18.4% | 18.4% | 12.7% | -0.0% | -6.3% | 9.7% | 6.3% | 4.4% | 9.0% | 19.2% | 11.4% |
FSM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Fortuna Mining Corp. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (81% below the sector average of 2.4x). The company holds a net cash position — cash of $553M exceeds total debt of $266M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 14.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.13 | 0.21 | 0.19 | 0.13 | 0.25 | 0.27 | 0.13 | 0.07 | 0.10 |
| Debt / EBITDA | 0.47 | 0.47 | 0.42 | 1.21 | 4.06 | 0.72 | 1.74 | 2.12 | 0.74 | 0.26 | 0.52 |
| Net Debt / Equity | — | -0.17 | -0.03 | 0.11 | 0.12 | 0.06 | 0.06 | 0.14 | -0.02 | -0.25 | -0.09 |
| Net Debt / EBITDA | -0.51 | -0.51 | -0.08 | 0.62 | 2.70 | 0.31 | 0.45 | 1.08 | -0.12 | -0.92 | -0.48 |
| Debt / FCF | — | -0.97 | -0.23 | 1.68 | — | — | 131.29 | — | — | -6.15 | -3.18 |
| Interest Coverage | 14.76 | 14.76 | 9.71 | 0.50 | -10.26 | 11.71 | 30.94 | 34.89 | 36.04 | 61.86 | 22.67 |
Net cash position: cash ($553M) exceeds total debt ($266M)
FSM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Fortuna Mining Corp.'s current ratio of 2.98x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.50x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.37x to 2.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.98 | 2.98 | 1.90 | 1.37 | 1.87 | 1.69 | 2.57 | 1.70 | 3.57 | 4.50 | 2.87 |
| Quick Ratio | 2.50 | 2.50 | 1.37 | 0.89 | 1.19 | 1.17 | 2.21 | 1.53 | 3.34 | 4.20 | 2.64 |
| Cash Ratio | 2.19 | 2.19 | 0.90 | 0.53 | 0.60 | 0.64 | 1.38 | 0.93 | 2.66 | 3.52 | 2.15 |
| Asset Turnover | — | 0.40 | 0.50 | 0.43 | 0.36 | 0.30 | 0.26 | 0.27 | 0.33 | 0.38 | 0.37 |
| Inventory Turnover | 4.02 | 4.02 | 5.34 | 5.63 | 5.81 | 4.60 | 4.78 | 11.53 | 11.59 | 8.93 | 9.55 |
| Days Sales Outstanding | — | 28.22 | 35.79 | 32.34 | 12.84 | 47.58 | 100.16 | 71.33 | 43.41 | 48.33 | 42.15 |
FSM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fortuna Mining Corp. returns 0.4% to shareholders annually primarily through share buybacks. The earnings yield of 9.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.7% | 9.2% | 9.6% | — | — | 5.9% | 1.5% | 3.7% | 5.8% | 8.0% | 2.3% |
| FCF Yield | 10.4% | 9.0% | 12.1% | 7.1% | — | — | 0.0% | — | — | 2.8% | 1.6% |
| Buyback Yield | 0.4% | 0.3% | 2.6% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.3% | 2.6% | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $335M | $311M | $295M | $291M | $249M | $186M | $165M | $162M | $158M | $138M |
Peer Comparison
Compare FSM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FSMYou | $3B | 10.3 | 4.5 | 9.6 | 48.7% | 38.5% | 18.9% | 19.3% | 0.5 |
 EXK | $3B | -20.0 | 91.0 | — | 11.0% | 6.0% | -22.8% | 3.8% | 8.6 |
 HL | $11B | 32.6 | 15.2 | 34.5 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 CDE | $11B | 19.5 | 11.0 | 17.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 PAAS | $21B | 18.8 | 11.8 | 19.1 | 37.7% | 32.3% | 17.0% | 15.7% | 0.5 |
 AG | $9B | 51.4 | 13.2 | 25.3 | 34.8% | 27.8% | 7.4% | 13.1% | 0.5 |
 MUX | $1B | 32.8 | 61.7 | — | 11.0% | -6.5% | 6.6% | -1.9% | 0.1 |
 AEM | $83B | 18.8 | 10.2 | 19.6 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $32B | 13.4 | 7.2 | 12.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 IAG | $10B | 14.6 | 6.6 | 12.9 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 NGD | $7B | 64.9 | 17.7 | 59.1 | 53.2% | 44.4% | 57.9% | 29.5% | 0.4 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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FSM — Frequently Asked Questions
Quick answers to the most common questions about buying FSM stock.
What is Fortuna Mining Corp.'s P/E ratio?
Fortuna Mining Corp.'s current P/E ratio is 10.3x. The historical average is 40.7x.
What is Fortuna Mining Corp.'s EV/EBITDA?
Fortuna Mining Corp.'s current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is Fortuna Mining Corp.'s ROE?
Fortuna Mining Corp.'s return on equity (ROE) is 18.9%. The historical average is 1.7%.
Is FSM stock overvalued?
Based on historical data, Fortuna Mining Corp. is trading at a P/E of 10.3x. Compare with industry peers and growth rates for a complete picture.
What are Fortuna Mining Corp.'s profit margins?
Fortuna Mining Corp. has 48.7% gross margin and 38.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Fortuna Mining Corp. have?
Fortuna Mining Corp.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.