Fortuna Mining Corp. FSM
Precious Metals · data as of November 13, 2026
Fortuna Mining Corp. (FSM) is a materials company listed in the US with a market value of about $2.7B. In the twelve months to September 30, 2026 it had revenue of $1.2B and net income of $302M, a net margin of 24.7%.
Its overall Stock Analiz score is 3.4 out of 5 (good). The strongest part is value (5/5); the weakest is shareholder returns (0/5).
Key numbers: a P/E of 10.4, a price to free cash flow of 6.6, 5-year revenue growth of 28% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 123% above the current price.
Score: 3.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Checks not passed
- 3-year free cash flow growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- Pays a dividend
- Share count down over 3 years (buybacks)
- 20% to 100% of free cash flow returned to shareholders
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $947M | $677M | $842M | $681M | $600M | $279M | $257M | $263M | $268M | $210M |
| Net income | $302M | $287M | $129M | -$51M | -$128M | $58M | $22M | $24M | $34M | $66M | $18M |
| Free cash flow | $402M | — | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | $0.86 | $0.97 | $0.43 | $-0.17 | $-0.43 | $0.20 | $0.07 | $0.08 | $0.11 | $0.22 | $0.06 |
| Net margin | 24.7% | 30.3% | 19.0% | -6.0% | -18.8% | 9.7% | 7.7% | 9.2% | 12.9% | 24.7% | 8.5% |
| ROIC | — | 17.6% | 7.1% | -0.0% | -7.2% | 5.5% | 6.2% | 2.9% | 5.2% | 12.4% | 9.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 1 analysts is $14.50, 61% above the current price; targets range from $14.50 to $14.50; the consensus rating is “Buy”; expected EPS is $1.07 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Fortuna Mining’s P/E ratio?
About 10.4, based on the last twelve months of diluted earnings per share (forward P/E about 6.0).
Is Fortuna Mining stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 123% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Fortuna Mining pay a dividend?
Not currently.
Is Fortuna Mining a good stock to buy?
We do not give buy or sell advice. Fortuna Mining scores 3.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.