FRES Stock Overview
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£6.90|
|52 Week High||UK£9.98|
|52 Week Low||UK£6.11|
|1 Month Change||-5.14%|
|3 Month Change||-12.30%|
|1 Year Change||-12.08%|
|3 Year Change||-1.82%|
|5 Year Change||-50.88%|
|Change since IPO||32.73%|
Recent News & Updates
Calculating The Fair Value Of Fresnillo plc (LON:FRES)
Today we will run through one way of estimating the intrinsic value of Fresnillo plc ( LON:FRES ) by taking the...
Is Fresnillo (LON:FRES) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Fresnillo (LON:FRES) Ticks All The Boxes When It Comes To Earnings Growth
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|FRES||GB Metals and Mining||GB Market|
Return vs Industry: FRES underperformed the UK Metals and Mining industry which returned -5.4% over the past year.
Return vs Market: FRES matched the UK Market which returned -12.9% over the past year.
|FRES Average Weekly Movement||6.1%|
|Metals and Mining Industry Average Movement||8.0%|
|Market Average Movement||5.2%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.7%|
Stable Share Price: FRES is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FRES's weekly volatility (6%) has been stable over the past year.
About the Company
|1887||7,871||Octavio M. Alvidrez||https://www.fresnilloplc.com|
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates.
Fresnillo Fundamentals Summary
|FRES fundamental statistics|
Is FRES overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FRES income statement (TTM)|
|Cost of Revenue||US$1.79b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.32|
|Net Profit Margin||9.48%|
How did FRES perform over the long term?See historical performance and comparison
3.6%Current Dividend Yield
Is FRES undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FRES?
Other financial metrics that can be useful for relative valuation.
|What is FRES's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FRES's PE Ratio compare to its peers?
|FRES PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PDL Petra Diamonds
SLP Sylvania Platinum
JLP Jubilee Metals Group
NLMK Novolipetsk Steel
Price-To-Earnings vs Peers: FRES is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (5x).
Price to Earnings Ratio vs Industry
How does FRES's PE Ratio compare vs other companies in the GB Metals and Mining Industry?
Price-To-Earnings vs Industry: FRES is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the UK Metals and Mining industry average (5.3x)
Price to Earnings Ratio vs Fair Ratio
What is FRES'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.
|Current PE Ratio||23.5x|
|Fair PE Ratio||17.3x|
Price-To-Earnings vs Fair Ratio: FRES is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).
Share Price vs Fair Value
What is the Fair Price of FRES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FRES (£6.9) is trading below our estimate of fair value (£8.37)
Significantly Below Fair Value: FRES is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Fresnillo forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRES's forecast earnings growth (14% per year) is above the savings rate (0.9%).
Earnings vs Market: FRES's earnings (14% per year) are forecast to grow faster than the UK market (8.6% per year).
High Growth Earnings: FRES's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRES's revenue (3.5% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: FRES's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRES's Return on Equity is forecast to be low in 3 years time (9%).
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How has Fresnillo performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRES has high quality earnings.
Growing Profit Margin: FRES's current net profit margins (9.5%) are lower than last year (21.5%).
Past Earnings Growth Analysis
Earnings Trend: FRES's earnings have declined by 7.2% per year over the past 5 years.
Accelerating Growth: FRES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRES had negative earnings growth (-61.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.4%).
Return on Equity
High ROE: FRES's Return on Equity (7.2%) is considered low.
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How is Fresnillo's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FRES's short term assets ($2.0B) exceed its short term liabilities ($453.1M).
Long Term Liabilities: FRES's short term assets ($2.0B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: FRES's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: FRES's debt to equity ratio has increased from 27.6% to 33.5% over the past 5 years.
Debt Coverage: FRES's debt is well covered by operating cash flow (61.9%).
Interest Coverage: FRES's interest payments on its debt are well covered by EBIT (9.5x coverage).
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What is Fresnillo current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRES's dividend (3.63%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).
High Dividend: FRES's dividend (3.63%) is low compared to the top 25% of dividend payers in the UK market (5.68%).
Stability and Growth of Payments
Stable Dividend: FRES's dividend payments have been volatile in the past 10 years.
Growing Dividend: FRES's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (85.4%), FRES's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (140.2%), FRES's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Octavio M. Alvidrez (57 yo)
Mr. Octavio M. Alvidrez has been Chief Executive Officer of Fresnillo plc since August 15, 2012. Mr. Alvidrez has extensive experience within the mining industry having previously held the position of Gene...
CEO Compensation Analysis
Compensation vs Market: Octavio M.'s total compensation ($USD975.00K) is below average for companies of similar size in the UK market ($USD3.03M).
Compensation vs Earnings: Octavio M.'s compensation has been consistent with company performance over the past year.
Experienced Management: FRES's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: FRES's board of directors are considered experienced (7.3 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Fresnillo plc's employee growth, exchange listings and data sources
- Name: Fresnillo plc
- Ticker: FRES
- Exchange: LSE
- Founded: 1887
- Industry: Precious Metals and Minerals
- Sector: Materials
- Implied Market Cap: UK£5.086b
- Shares outstanding: 736.89m
- Website: https://www.fresnilloplc.com
Number of Employees
- Fresnillo plc
- Calzada Legaria No. 549
- Torre 2
- Mexico City
- Distrito Federal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRES||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||May 2008|
|FNL||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2008|
|FRES *||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||May 2008|
|FNLP.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2008|
|FRESL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||May 2008|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/23 00:00|
|End of Day Share Price||2022/09/23 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.