# Fortuna Silver Mines Inc. (FVI.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$17.05, market value C$5.0 billion.

## Valuation
- **P/E (trailing): 10.3×** (5-yr avg 17.2×, 3-yr avg 15.0×). Fortuna Silver Mines Inc. trades at 10.3× trailing earnings, well below its own five-year average of 17.2×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 7.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.06**. A PEG of 0.06 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.1×**. Enterprise value is 4.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.4%** (5-yr avg 3.2%). Free cash flow equals 11.4% of the market value, above its five-year average of 3.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 9.7%**. The inverse of the P/E: 9.7% of the price is earned each year.

## Profitability
- **Gross margin: 57.1%**. Fortuna Silver Mines Inc. keeps 57.1% of revenue after the direct cost of what it sells.
- **Operating margin: 52.5%**. 52.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 31.5%**. 31.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.0%**. 18.0% on shareholders' equity is solid.
- **Return on invested capital: 31.8%**. Return on all capital, debt included, is 31.8%: comfortably above what that capital costs.
- **Return on assets: 15.7%**. Each dollar of assets produces 15.7% of profit.

## Growth
- **Revenue growth (1 yr): -9.6%** (3-yr 12.1%/yr, 5-yr 28.0%/yr). Revenue fell 9.6% over the last year, against 28.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 119.5%** (5-yr 49.6%/yr). Earnings per share rose 119.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.13**. Debt is 0.13 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Fortuna Silver Mines Inc. holds more cash than debt.
- **Interest coverage: 26.1×**. Operating profit covers interest 26.1× over, a safe margin.
- **Current ratio: 2.98** (quick 2.50). Current assets cover the next year's liabilities 2.98 times.
- **Altman Z-score: 6.56**. A Z-score of 6.56 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Fortuna Silver Mines Inc. does not currently pay a dividend, but it returned 3.1% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Fortuna Silver Mines Inc.; the consensus is buy, with an average price target of C$18.12 (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 61.8%** (YTD 26.8%, 3-mo 41.0%). The shares are up 61.8% over twelve months including dividends.
- **From 52-week high: -10.2%** (61.6% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 3.22** (volatility 57%). Beta of 3.22 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FVI.TO · Page: https://foliofundamentals.com/stocks/fvi.to

Not investment advice.