Fortuna Silver Mines Inc
TSX:FVI

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Fortuna Silver Mines Inc
TSX:FVI
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Price: 8.91 CAD 0.22% Market Closed
Market Cap: 2.7B CAD

Relative Value

The Relative Value of one FVI stock under the Base Case scenario is 9.09 CAD. Compared to the current market price of 8.91 CAD, Fortuna Silver Mines Inc is Undervalued by 2%.

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
9.09 CAD
Undervaluation 2%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
36
vs Industry
53
Median 3Y
1.5
Median 5Y
1.6
Industry
1.8
Forward
2
vs History
57
vs Industry
16
Median 3Y
10.3
Median 5Y
17.7
Industry
16
Forward
8.9
vs History
68
vs Industry
25
Median 3Y
4.7
Median 5Y
5.4
Industry
9.4
vs History
33
vs Industry
14
Median 3Y
-13.5
Median 5Y
-13.1
Industry
15.8
vs History
19
vs Industry
44
Median 3Y
0.9
Median 5Y
0.9
Industry
1.6
vs History
60
vs Industry
54
Median 3Y
1.5
Median 5Y
1.8
Industry
2.1
Forward
1.9
vs History
76
vs Industry
46
Median 3Y
5.2
Median 5Y
5.9
Industry
7.2
vs History
73
vs Industry
28
Median 3Y
4.2
Median 5Y
4.5
Industry
10.4
Forward
3.6
vs History
80
vs Industry
23
Median 3Y
10.2
Median 5Y
10.2
Industry
13.3
Forward
6.6
vs History
82
vs Industry
27
Median 3Y
4.7
Median 5Y
6.1
Industry
10.8
vs History
41
vs Industry
16
Median 3Y
7.4
Median 5Y
-3.3
Industry
14.4
vs History
20
vs Industry
48
Median 3Y
0.7
Median 5Y
0.8
Industry
1.4

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
2.7B CAD 1.8 12.4 3.6 6.7
CA
Pan American Silver Corp
TSX:PAAS
14.3B CAD 3.5 33.4 9.1 18.5
US
Hecla Mining Co
NYSE:HL
3.7B USD 3.7 52.6 12.1 24.9
CA
MAG Silver Corp
TSX:MAG
3B CAD 0 24 -145.7 -138.9
CA
First Majestic Silver Corp
TSX:FR
2.3B CAD 3 -12.5 19.5 -51
CA
Endeavour Silver Corp
TSX:EDR
1.7B CAD 5.7 -19.5 31.6 142
CA
Aya Gold & Silver Inc
TSX:AYA
1.6B CAD 17 -95 -47.3 -37.4
US
Gatos Silver Inc
TSX:GATO
1.5B CAD 0 32.2 -29.1 -29.1
CA
Silvercorp Metals Inc
TSX:SVM
1.2B CAD 3 15.3 4.6 6.1
CA
GoGold Resources Inc
TSX:GGD
678.5m CAD 8.6 143.2 30.9 44.1
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: 44.7
12.4
16%
0.8
CA
Pan American Silver Corp
TSX:PAAS
33.4
70%
0.5
US
Hecla Mining Co
NYSE:HL
52.6
78%
0.7
CA
MAG Silver Corp
TSX:MAG
24
-2%
N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -12.5 N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
Negative Multiple: -19.5 N/A N/A
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -95 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
32.2
55%
0.6
CA
Silvercorp Metals Inc
TSX:SVM
15.3
49%
0.3
CA
GoGold Resources Inc
TSX:GGD
143.2
136%
1.1
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: 15.9
3.6
-3%
N/A
CA
Pan American Silver Corp
TSX:PAAS
9.1
24%
0.4
US
Hecla Mining Co
NYSE:HL
12.1
8%
1.5
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -145.7 N/A N/A
CA
First Majestic Silver Corp
TSX:FR
19.5
N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
31.6
84%
0.4
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -47.3 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.1 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
4.6
38%
0.1
CA
GoGold Resources Inc
TSX:GGD
30.9
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: 40.4
6.7
N/A N/A
CA
Pan American Silver Corp
TSX:PAAS
18.5
41%
0.5
US
Hecla Mining Co
NYSE:HL
24.9
30%
0.8
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -138.9 N/A N/A
CA
First Majestic Silver Corp
TSX:FR
Negative Multiple: -51 N/A N/A
CA
Endeavour Silver Corp
TSX:EDR
142
106%
1.3
CA
Aya Gold & Silver Inc
TSX:AYA
Negative Multiple: -37.4 N/A N/A
US
G
Gatos Silver Inc
TSX:GATO
Negative Multiple: -29.1 N/A N/A
CA
Silvercorp Metals Inc
TSX:SVM
6.1
55%
0.1
CA
GoGold Resources Inc
TSX:GGD
44.1
N/A N/A
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.2 N/A N/A