| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
FVI Stock Overview
Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire.
Fortuna Silver Mines Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$3.84 |
| 52 Week High | CA$7.06 |
| 52 Week Low | CA$3.48 |
| Beta | 1.25 |
| 1 Month Change | -13.12% |
| 3 Month Change | -19.16% |
| 1 Year Change | -44.43% |
| 3 Year Change | 1.59% |
| 5 Year Change | -36.74% |
| Change since IPO | -18.12% |
Recent News & Updates
A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)
In this article we are going to estimate the intrinsic value of Fortuna Silver Mines Inc. ( TSE:FVI ) by projecting its...
Shareholder Returns
| FVI | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -4.7% | -4.6% | 0.3% |
| 1Y | -44.4% | -14.8% | -3.7% |
Return vs Industry: FVI underperformed the Canadian Metals and Mining industry which returned -12.1% over the past year.
Return vs Market: FVI underperformed the Canadian Market which returned -2.9% over the past year.
Price Volatility
| FVI volatility | |
|---|---|
| FVI Average Weekly Movement | 9.7% |
| Metals and Mining Industry Average Movement | 11.0% |
| Market Average Movement | 10.0% |
| 10% most volatile stocks in CA Market | 17.2% |
| 10% least volatile stocks in CA Market | 4.4% |
Stable Share Price: FVI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: FVI's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | n/a | Jorge A. Ganoza Durant | https://www.fortunasilver.com |
Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d’Ivoire. 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
| FVI fundamental statistics | |
|---|---|
| Market Cap | US$870.15m |
| Earnings (TTM) | US$57.54m |
| Revenue (TTM) | US$664.36m |
15.1x
P/E Ratio1.3x
P/S RatioIs FVI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FVI income statement (TTM) | |
|---|---|
| Revenue | US$664.36m |
| Cost of Revenue | US$446.69m |
| Gross Profit | US$217.67m |
| Other Expenses | US$160.13m |
| Earnings | US$57.54m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.20 |
| Gross Margin | 32.76% |
| Net Profit Margin | 8.66% |
| Debt/Equity Ratio | 13.6% |
How did FVI perform over the long term?
See historical performance and comparisonValuation
Is FVI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FVI?
Other financial metrics that can be useful for relative valuation.
| What is FVI's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$870.15m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | 3.6x |
| PEG Ratio | -1.3x |
Price to Earnings Ratio vs Peers
How does FVI's PE Ratio compare to its peers?
| FVI PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1021.5x | ||
EDR Endeavour Silver | 44.5x | 65.3% | CA$767.6m |
FR First Majestic Silver | 3926.3x | n/a | CA$2.6b |
MAG MAG Silver | 99.8x | n/a | CA$1.6b |
SVM Silvercorp Metals | 15.2x | n/a | CA$599.1m |
FVI Fortuna Silver Mines | 15.1x | -11.9% | CA$1.1b |
Price-To-Earnings vs Peers: FVI is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (1021.5x).
Price to Earnings Ratio vs Industry
How does FVI's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Earnings vs Industry: FVI is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the Canadian Metals and Mining industry average (10.9x)
Price to Earnings Ratio vs Fair Ratio
What is FVI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.1x |
| Fair PE Ratio | 7.2x |
Price-To-Earnings vs Fair Ratio: FVI is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).
Share Price vs Fair Value
What is the Fair Price of FVI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FVI (CA$3.84) is trading below our estimate of fair value (CA$7.86)
Significantly Below Fair Value: FVI is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: FVI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Discover undervalued companies
Future Growth
How is Fortuna Silver Mines forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-11.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FVI's earnings are forecast to decline over the next 3 years (-11.9% per year).
Earnings vs Market: FVI's earnings are forecast to decline over the next 3 years (-11.9% per year).
High Growth Earnings: FVI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FVI's revenue is expected to decline over the next 3 years (-1.1% per year).
High Growth Revenue: FVI's revenue is forecast to decline over the next 3 years (-1.1% 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 (3.5%).
Discover growth companies
Past Performance
How has Fortuna Silver Mines performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
1.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FVI has a large one-off loss of $25.4M impacting its March 31 2022 financial results.
Growing Profit Margin: FVI's current net profit margins (8.7%) are lower than last year (15%).
Past Earnings Growth Analysis
Earnings Trend: FVI's earnings have grown by 1.1% per year over the past 5 years.
Accelerating Growth: FVI's earnings growth over the past year (9.7%) exceeds its 5-year average (1.1% per year).
Earnings vs Industry: FVI earnings growth over the past year (9.7%) exceeded the Metals and Mining industry -5.8%.
Return on Equity
High ROE: FVI's Return on Equity (4.1%) is considered low.
Discover strong past performing companies
Financial Health
How is Fortuna Silver Mines's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: FVI's short term assets ($301.5M) exceed its short term liabilities ($145.6M).
Long Term Liabilities: FVI's short term assets ($301.5M) do not cover its long term liabilities ($458.7M).
Debt to Equity History and Analysis
Debt Level: FVI's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: FVI's debt to equity ratio has increased from 7.8% to 13.6% over the past 5 years.
Debt Coverage: FVI's debt is well covered by operating cash flow (80.4%).
Interest Coverage: FVI's interest payments on its debt are well covered by EBIT (17.2x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Fortuna Silver Mines's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FVI has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Jorge A. Ganoza Durant (51 yo)
16.42yrs
Tenure
US$5,280,312
Compensation
Mr. Jorge A. Ganoza Durant, B.Sc. Eng, co-founded Fortuna Silver Mines Inc. (formerly Fortuna Ventures Inc.) in 2004. Mr. Durant has been the Chief Executive Officer and President of Fortuna Silver Mines I...
CEO Compensation Analysis
Compensation vs Market: Jorge A.'s total compensation ($USD5.28M) is above average for companies of similar size in the Canadian market ($USD1.58M).
Compensation vs Earnings: Jorge A.'s compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: FVI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: FVI's board of directors are considered experienced (5.8 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 57.7%.
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
- Implied Market Cap: CA$1.122b
- Shares outstanding: 292.18m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/29 00:00 |
| End of Day Share Price | 2022/06/29 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.