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FVI

Fortuna Silver MinesTSX:FVI Stock Report

Market Cap

CA$1.5b

7D

-1.7%

1Y

-38.9%

Updated

27 Sep, 2021

Data

Company Financials +
FVI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

FVI Overview

Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America.

Fortuna Silver Mines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fortuna Silver Mines
Historical stock prices
Current Share PriceCA$5.18
52 Week HighCA$4.90
52 Week LowCA$12.61
Beta1.05
1 Month Change-6.16%
3 Month Change-22.34%
1 Year Change-38.92%
3 Year Change-6.50%
5 Year Change-44.54%
Change since IPO10.45%

Recent News & Updates

Shareholder Returns

FVICA Metals and MiningCA Market
7D-1.7%-1.2%1.8%
1Y-38.9%-10.7%29.7%

Return vs Industry: FVI underperformed the Canadian Metals and Mining industry which returned -10.7% over the past year.

Return vs Market: FVI underperformed the Canadian Market which returned 29.7% over the past year.

Price Volatility

Is FVI's price volatile compared to industry and market?
FVI volatility
FVI Beta1.05
Industry Beta1.09
Market Beta1

Stable Share Price: FVI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FVI's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19901,232Jorge A. Ganoza Duranthttps://www.fortunasilver.com

Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; and the Lindero gold project located in Argentina. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005.

Fortuna Silver Mines Fundamentals Summary

How do Fortuna Silver Mines's earnings and revenue compare to its market cap?
FVI fundamental statistics
Market CapUS$1.19b
Earnings (TTM)US$74.29m
Revenue (TTM)US$425.29m

16.1x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FVI income statement (TTM)
RevenueUS$425.29m
Cost of RevenueUS$236.53m
Gross ProfitUS$188.76m
ExpensesUS$114.47m
EarningsUS$74.29m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin44.38%
Net Profit Margin17.47%
Debt/Equity Ratio20.8%

How did FVI perform over the long term?

See historical performance and comparison

Valuation

Is Fortuna Silver Mines undervalued compared to its fair value and its price relative to the market?

33.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FVI (CA$5.18) is trading below our estimate of fair value (CA$7.73)

Significantly Below Fair Value: FVI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FVI is poor value based on its PE Ratio (16.1x) compared to the Canadian Metals and Mining industry average (10.8x).

PE vs Market: FVI is poor value based on its PE Ratio (16.1x) compared to the Canadian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: FVI is poor value based on its PEG Ratio (13.1x)


Price to Book Ratio

PB vs Industry: FVI is good value based on its PB Ratio (1.5x) compared to the CA Metals and Mining industry average (2.4x).


Future Growth

How is Fortuna Silver Mines forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FVI's forecast earnings growth (1.2% per year) is below the savings rate (1.5%).

Earnings vs Market: FVI's earnings (1.2% per year) are forecast to grow slower than the Canadian market (12% per year).

High Growth Earnings: FVI's earnings are forecast to grow, but not significantly.

Revenue vs Market: FVI's revenue (5.5% per year) is forecast to grow slower than the Canadian market (6.1% per year).

High Growth Revenue: FVI's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FVI's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has Fortuna Silver Mines performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FVI has high quality earnings.

Growing Profit Margin: FVI's current net profit margins (17.5%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: FVI has become profitable over the past 5 years, growing earnings by 8.7% per year.

Accelerating Growth: FVI's earnings growth over the past year (6527.1%) exceeds its 5-year average (8.7% per year).

Earnings vs Industry: FVI earnings growth over the past year (6527.1%) exceeded the Metals and Mining industry 126.4%.


Return on Equity

High ROE: FVI's Return on Equity (9.6%) is considered low.


Financial Health

How is Fortuna Silver Mines's financial position?


Financial Position Analysis

Short Term Liabilities: FVI's short term assets ($255.6M) exceed its short term liabilities ($203.9M).

Long Term Liabilities: FVI's short term assets ($255.6M) exceed its long term liabilities ($108.8M).


Debt to Equity History and Analysis

Debt Level: FVI's debt to equity ratio (20.8%) is considered satisfactory.

Reducing Debt: FVI's debt to equity ratio has increased from 15% to 20.8% over the past 5 years.

Debt Coverage: FVI's debt is well covered by operating cash flow (87.2%).

Interest Coverage: FVI's interest payments on its debt are well covered by EBIT (45.9x coverage).


Balance Sheet


Dividend

What is Fortuna Silver Mines's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FVI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FVI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FVI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FVI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FVI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Jorge A. Ganoza Durant (51 yo)

13.08yrs

Tenure

US$2,515,315

Compensation

Mr. Jorge A. Ganoza Durant, B.Sc. Eng, co-founded Fortuna Silver Mines Inc. (formerly Fortuna Ventures Inc.) in 2004. Mr. Durant has been the Chief Executive Officer and President of Fortuna Silver Mines I...


CEO Compensation Analysis

Compensation vs Market: Jorge A.'s total compensation ($USD2.52M) is above average for companies of similar size in the Canadian market ($USD1.16M).

Compensation vs Earnings: Jorge A.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FVI's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: FVI's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FVI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 58.4%.


Top Shareholders

Company Information

Fortuna Silver Mines Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fortuna Silver Mines Inc.
  • Ticker: FVI
  • Exchange: TSX
  • Founded: 1990
  • Industry: Silver
  • Sector: Materials
  • Market Cap: CA$1.510b
  • Shares outstanding: 291.43m
  • Website: https://www.fortunasilver.com

Number of Employees


Location

  • Fortuna Silver Mines Inc.
  • 200 Burrard Street
  • Suite 650
  • Vancouver
  • British Columbia
  • V6C 3L6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:01
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.