Fortuna Silver Mines Inc
TSX:FVI

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Fortuna Silver Mines Inc
TSX:FVI
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Price: 9.47 CAD 3.72% Market Closed
Market Cap: 2.9B CAD

Relative Value

The Relative Value of one FVI stock under the Base Case scenario is 9.14 CAD. Compared to the current market price of 9.47 CAD, Fortuna Silver Mines Inc is Overvalued by 3%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FVI Relative Value
Base Case
9.14 CAD
Overvaluation 3%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
53
Median 3Y
1.5
Median 5Y
1.6
Industry
1.8
Forward
2.1
vs History
55
vs Industry
16
Median 3Y
10.3
Median 5Y
17.2
Industry
16.6
Forward
9.5
vs History
66
vs Industry
25
Median 3Y
4.6
Median 5Y
5.1
Industry
9.8
vs History
33
vs Industry
14
Median 3Y
7.3
Median 5Y
-13.1
Industry
16.3
vs History
19
vs Industry
44
Median 3Y
0.9
Median 5Y
1
Industry
1.7
vs History
52
vs Industry
54
Median 3Y
1.5
Median 5Y
1.7
Industry
2.1
Forward
2
vs History
69
vs Industry
46
Median 3Y
5.2
Median 5Y
5.7
Industry
7.5
vs History
69
vs Industry
28
Median 3Y
4.2
Median 5Y
4.5
Industry
10.7
Forward
3.9
vs History
77
vs Industry
23
Median 3Y
10.2
Median 5Y
10.2
Industry
13.7
Forward
7
vs History
74
vs Industry
27
Median 3Y
4.6
Median 5Y
6
Industry
11.2
vs History
39
vs Industry
16
Median 3Y
7.8
Median 5Y
7
Industry
15
vs History
20
vs Industry
48
Median 3Y
0.7
Median 5Y
0.8
Industry
1.5

Multiples Across Competitors

FVI Competitors Multiples
Fortuna Silver Mines Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Fortuna Silver Mines Inc
TSX:FVI
2.9B CAD 1.9 13.2 3.8 7.1
CA
Pan American Silver Corp
TSX:PAAS
15B CAD 3.7 35.3 9.6 19.5
US
Hecla Mining Co
NYSE:HL
4B USD 4 57.2 13 26.8
CA
MAG Silver Corp
TSX:MAG
3.2B CAD 28 25.2 31.5 31.8
CA
First Majestic Silver Corp
TSX:FR
2.3B CAD 3 -12.6 19.5 -51.1
CA
Endeavour Silver Corp
TSX:EDR
2.1B CAD 7 -24.2 38.8 174.5
CA
Aya Gold & Silver Inc
TSX:AYA
1.8B CAD 18.9 -105.9 -52.4 -41.5
CA
Silvercorp Metals Inc
TSX:SVM
1.5B CAD 3.7 19.1 6.3 8.3
US
Gatos Silver Inc
TSX:GATO
1.5B CAD 0 32.3 -29.2 -29.1
CA
GoGold Resources Inc
TSX:GGD
751.3m CAD 9.6 158.9 34.9 49.9
CA
Discovery Silver Corp
XTSX:DSV
467.2m CAD 0 -26.3 -24.7 -24.2
P/E Multiple
Earnings Growth PEG
CA
Fortuna Silver Mines Inc
TSX:FVI
Average P/E: 48.7
13.2
16%
0.8
CA
Pan American Silver Corp
TSX:PAAS
35.3
70%
0.5
US
Hecla Mining Co
NYSE:HL
57.2
75%
0.8
CA
MAG Silver Corp
TSX:MAG
25.2
-2%
N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -12.6 N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
Negative Multiple: -24.2 N/A N/A
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -105.9 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
19.1
50%
0.4
US
G
Gatos Silver Inc
TSX:GATO
32.3
55%
0.6
CA
GoGold Resources Inc
TSX:GGD
158.9
136%
1.2
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -26.3 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Fortuna Silver Mines Inc
TSX:FVI
Average EV/EBITDA: 19.7
3.8
-3%
N/A
CA
Pan American Silver Corp
TSX:PAAS
9.6
24%
0.4
US
Hecla Mining Co
NYSE:HL
13
8%
1.6
CA
MAG Silver Corp
TSX:MAG
31.5
4%
7.9
CA
First Majestic Silver Corp
TSX:FR
19.5
N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
38.8
84%
0.5
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -52.4 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
6.3
38%
0.2
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.2 N/A N/A
CA
GoGold Resources Inc
TSX:GGD
34.9
196%
0.2
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.7 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Fortuna Silver Mines Inc
TSX:FVI
Average EV/EBIT: 45.4
7.1
N/A N/A
CA
Pan American Silver Corp
TSX:PAAS
19.5
41%
0.5
US
Hecla Mining Co
NYSE:HL
26.8
30%
0.9
CA
MAG Silver Corp
TSX:MAG
31.8
N/A N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -51.1 N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
174.5
106%
1.6
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -41.5 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
8.3
55%
0.2
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.1 N/A N/A
CA
GoGold Resources Inc
TSX:GGD
49.9
N/A N/A
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.2 N/A N/A