Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Fortuna Silver Mines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FVI has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: FVI underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.
Return vs Market: FVI underperformed the Canadian Market which returned 5.8% over the past year.
Price Volatility Vs. Market
How volatile is Fortuna Silver Mines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Use Fortuna Silver Mines's (TSE:FVI) Statutory Earnings To Analyse It?
2 weeks ago | Simply Wall StThese 4 Measures Indicate That Fortuna Silver Mines (TSE:FVI) Is Using Debt Extensively
1 month ago | Simply Wall StShould You Be Concerned About Fortuna Silver Mines Inc.'s (TSE:FVI) ROE?
Is Fortuna Silver Mines undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FVI (CA$4.64) is trading below our estimate of fair value (CA$76.09)
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 (79.6x) compared to the Metals and Mining industry average (15.6x).
PE vs Market: FVI is poor value based on its PE Ratio (79.6x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: FVI is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: FVI is good value based on its PB Ratio (0.9x) compared to the CA Metals and Mining industry average (1.5x).
How is Fortuna Silver Mines forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FVI's forecast earnings growth (42.6% per year) is above the savings rate (1.4%).
Earnings vs Market: FVI's earnings (42.6% per year) are forecast to grow faster than the Canadian market (10.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FVI's revenue (17.3% per year) is forecast to grow faster than the Canadian market (4.9% per year).
High Growth Revenue: FVI's revenue (17.3% 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 (7.4%).
How has Fortuna Silver Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FVI has high quality earnings.
Growing Profit Margin: FVI's current net profit margins (2.8%) are lower than last year (23.6%).
Past Earnings Growth Analysis
Earnings Trend: FVI's earnings have grown significantly by 33.7% per year over the past 5 years.
Accelerating Growth: FVI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FVI had negative earnings growth (-89.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (11.9%).
Return on Equity
High ROE: FVI's Return on Equity (1.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Fortuna Silver Mines's financial position?
Financial Position Analysis
Short Term Liabilities: FVI's short term assets ($126.6M) exceed its short term liabilities ($80.5M).
Long Term Liabilities: FVI's short term assets ($126.6M) do not cover its long term liabilities ($180.7M).
Debt to Equity History and Analysis
Debt Level: FVI's debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: FVI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: FVI's debt is well covered by operating cash flow (58.5%).
Interest Coverage: FVI earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: FVI has a high level of physical assets or inventory.
Debt Coverage by Assets: FVI's debt is covered by short term assets (assets are 1.1x debt).
What is Fortuna Silver Mines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FVI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FVI's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jorge A. Ganoza Durant (49yo)
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 ($USD5.53M) is above average for companies of similar size in the Canadian market ($USD963.71K).
Compensation vs Earnings: Jorge A.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Co-Founder & Director||11.7yrs||US$225.30k||0.16% $1.2m|
|Chief Financial Officer||13.7yrs||US$3.17m||0.096% $710.4k|
|Vice President of Operations||8.5yrs||US$1.64m||0.031% $233.8k|
|Vice President of Technical Services||3.1yrs||US$855.57k||0.029% $214.0k|
|Vice President of Finance & Accounting||2.8yrs||no data||0.0073% $53.9k|
|Investor Relations Manager||0yrs||no data||no data|
|Legal Counsel||1.4yrs||no data||no data|
|Vice President of Exploration||3.5yrs||US$753.10k||0.038% $279.1k|
|Corporate Secretary||0yrs||no data||0.022% $164.7k|
Experienced Management: FVI's management team is considered experienced (3.5 years average tenure).
|Co-Founder & Director||11.7yrs||US$225.30k||0.16% $1.2m|
|Chairman of the Board||13.7yrs||US$297.30k||0.00035% $2.6k|
|Lead Director||0yrs||US$192.36k||no data|
|Independent Director||3.4yrs||US$157.86k||no data|
|Independent Director||2.5yrs||US$166.78k||no data|
|Independent Director||3.3yrs||US$161.36k||0.010% $76.5k|
Experienced Board: FVI's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fortuna Silver Mines Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Fortuna Silver Mines Inc.
- Ticker: FVI
- Exchange: TSX
- Founded: 1990
- Industry: Silver
- Sector: Materials
- Market Cap: CA$743.753m
- Shares outstanding: 160.29m
- Website: https://www.fortunasilver.com
Number of Employees
- Fortuna Silver Mines Inc.
- 200 Burrard Street
- Suite 650
- British Columbia
- V6C 3L6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FVI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Feb 1992|
|F4S||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 1992|
|FVI N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Feb 1992|
|FSM||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Feb 1992|
|0QYM||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Feb 1992|
Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located 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 Inc. was incorporated in 1990 and is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 00:06|
|End of Day Share Price||2020/02/14 00:00|
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.