Fortuna Mining Corp.

DB:F4S0 Stock Report

Market Cap: €1.3b

Fortuna Mining Valuation

Is F4S0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of F4S0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€20.18
Fair Value
78.6% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: F4S0 (€4.32) is trading below our estimate of fair value (€20.18)

Significantly Below Fair Value: F4S0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F4S0?

Key metric: As F4S0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for F4S0. This is calculated by dividing F4S0's market cap by their current earnings.
What is F4S0's PE Ratio?
PE Ratio55.7x
EarningsUS$25.08m
Market CapUS$1.40b

Price to Earnings Ratio vs Peers

How does F4S0's PE Ratio compare to its peers?

The above table shows the PE ratio for F4S0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.9x
NDA Aurubis
7.8x-3.4%€3.2b
SDF K+S
88.1x41.8%€2.3b
ACT AlzChem Group
13.2x12.8%€661.5m
STO3 Sto SE KGaA
10.5x3.5%€691.4m
F4S0 Fortuna Mining
55.7x51.9%€2.0b

Price-To-Earnings vs Peers: F4S0 is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does F4S0's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
F4S0 55.7xIndustry Avg. 12.5xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: F4S0 is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the European Metals and Mining industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is F4S0'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.

F4S0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55.7x
Fair PE Ratio43.2x

Price-To-Earnings vs Fair Ratio: F4S0 is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the estimated Fair Price-To-Earnings Ratio (43.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst F4S0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.32
€5.48
+26.9%
2.7%€5.70€5.34n/a4
Jan ’26€4.08
€5.49
+34.5%
3.2%€5.67€5.21n/a4
Dec ’25€4.56
€5.46
+19.6%
4.1%€5.73€5.13n/a4
Nov ’25€4.66
€5.35
+14.9%
4.5%€5.63€5.00n/a4
Oct ’25€4.26
€5.70
+33.8%
5.5%€6.12€5.24n/a4
Sep ’25€4.08
€5.66
+38.6%
5.1%€6.04€5.23n/a4
Aug ’25€4.42
€5.82
+31.9%
5.7%€6.18€5.33n/a4
Jul ’25€4.50
€5.85
+29.9%
7.8%€6.31€5.13n/a4
Jun ’25€5.70
€5.70
-0.07%
8.5%€6.22€5.06n/a4
May ’25€4.30
€5.06
+17.7%
7.7%€5.44€4.41n/a4
Apr ’25€3.47
€4.18
+20.3%
11.7%€4.75€3.43n/a4
Mar ’25€2.72
€4.33
+59.2%
11.1%€4.79€3.65n/a4
Feb ’25€2.92
€4.38
+49.9%
10.4%€4.83€3.77n/a4
Jan ’25€3.50
€4.21
+20.6%
13.7%€4.78€3.36€4.084
Dec ’24€3.62
€3.91
+8.1%
12.3%€4.64€3.35€4.564
Nov ’24€2.68
€3.66
+36.5%
20.1%€4.77€2.72€4.664
Oct ’24€2.57
€4.20
+63.5%
12.3%€4.87€3.50€4.264
Sep ’24€2.83
€4.12
+45.5%
12.4%€4.77€3.43€4.084
Aug ’24€3.15
€4.18
+33.0%
13.1%€4.79€3.41€4.424
Jul ’24€2.91
€4.25
+45.9%
12.6%€4.87€3.43€4.504
Jun ’24€3.25
€4.32
+32.8%
11.5%€4.96€3.47€5.705
May ’24€3.38
€4.23
+24.9%
12.7%€4.77€3.36€4.305
Apr ’24€3.54
€3.88
+9.8%
7.7%€4.23€3.38€3.475
Mar ’24€3.05
€4.18
+37.2%
8.3%€4.60€3.51€2.726
Feb ’24€3.48
€4.14
+18.8%
5.3%€4.44€3.76€2.926
Jan ’24€3.56
€4.04
+13.4%
8.3%€4.48€3.62€3.506
Analyst Price Target
Consensus Narrative from 4 Analysts
€5.55
Fair Value
22.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/27 04:48
End of Day Share Price 2025/01/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortuna Mining Corp. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Heiko IhleAlliance Global Partners
Brian QuastBMO Capital Markets Equity Research
Colin HamiltonBMO Capital Markets Equity Research