FORTUNA SILVER MINES INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.94 CAD | +7.44% |
|
+11.99% | +55.69% |
| 05-17 | Fortuna Silver Mines Kept at Sector Perform at National Bank After Q1 Results; Price Target Raised to C$9.00 | MT |
| 05-08 | Transcript : Fortuna Silver Mines Inc., Q1 2024 Earnings Call, May 08, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 652.3 | 1,513 | 1,139 | 1,089 | 1,179 | 1,663 | - | - |
| Enterprise Value (EV) 1 | 730.5 | 1,539 | 1,189 | 1,228 | 1,179 | 1,663 | 1,663 | 1,663 |
| P/E ratio | 29.1 x | 68.4 x | 17 x | -8.53 x | - | - | - | - |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.54 x | 5.42 x | 1.9 x | 1.6 x | 1.4 x | 1.72 x | 2.06 x | 2.72 x |
| EV / Revenue | 2.54 x | 5.42 x | 1.9 x | 1.6 x | 1.4 x | 1.72 x | 2.06 x | 2.72 x |
| EV / EBITDA | 6.84 x | 13.4 x | 4.06 x | 4.44 x | 3.52 x | 4.29 x | 5.17 x | 7.55 x |
| EV / FCF | -3.61 x | -58.9 x | -221 x | -19.1 x | - | 14.4 x | 9.72 x | 13.4 x |
| FCF Yield | -27.7% | -1.7% | -0.45% | -5.23% | - | 6.96% | 10.3% | 7.46% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 160,292 | 184,196 | 291,529 | 290,182 | 306,588 | 306,114 | - | - |
| Reference price 2 | 4.070 | 8.212 | 3.907 | 3.754 | 3.847 | 5.836 | 5.836 | 5.836 |
| Announcement Date | 11/03/20 | 10/03/21 | 23/03/22 | 15/03/23 | 07/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 257.2 | 279 | 599.9 | 681.5 | 842.4 | 965.7 | 807 | 610.8 |
| EBITDA 1 | 95.4 | 112.6 | 280.7 | 245.5 | 335.1 | 388 | 321.9 | 220.2 |
| EBIT | 51.1 | 57.2 | 136.9 | -113.6 | -0.407 | - | - | - |
| Operating Margin | 19.87% | 20.5% | 22.82% | -16.66% | -0.05% | - | - | - |
| Earnings before Tax (EBT) 1 | 43.97 | 58.96 | 107.2 | -125.1 | - | 222.2 | 185.3 | 130.9 |
| Net income 1 | 23.8 | 21.55 | 57.88 | -128.1 | -50.84 | 109.8 | 115.8 | 78.8 |
| Net margin | 9.25% | 7.73% | 9.65% | -18.8% | -6.03% | 11.37% | 14.35% | 12.9% |
| EPS | 0.1400 | 0.1200 | 0.2300 | -0.4400 | - | - | - | - |
| Free Cash Flow 1 | -180.9 | -25.67 | -5.151 | -56.99 | - | 115.8 | 171.1 | 124 |
| FCF margin | -70.33% | -9.2% | -0.86% | -8.36% | - | 11.99% | 21.2% | 20.31% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 29.84% | 53.15% | 56.34% |
| FCF Conversion (Net income) | - | - | - | - | - | 105.43% | 147.74% | 157.42% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 11/03/20 | 10/03/21 | 23/03/22 | 15/03/23 | 07/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 198.9 | 182.3 | 167.9 | 166.6 | 164.7 | 175.7 | 158.4 | 243.1 | 265.3 | 224.9 | - |
| EBITDA | 89.6 | 80.3 | 57.9 | 54.4 | 55.8 | 65.3 | 44.4 | 104.6 | 120.3 | 95.2 | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 1 | 0.0400 | 0.0900 | 0.0100 | -0.0100 | -0.5200 | 0.0400 | - | 0.0900 | - | - | 0.1000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 23/03/22 | 11/05/22 | 10/08/22 | 09/11/22 | 15/03/23 | 15/05/23 | 09/08/23 | 08/11/23 | 07/03/24 | 08/05/24 | - |
1USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 78.2 | 26.7 | 50.4 | 139 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8195 x | 0.2373 x | 0.1795 x | 0.5649 x | - | - | - | - |
| Free Cash Flow 1 | -181 | -25.7 | -5.15 | -57 | - | 116 | 171 | 124 |
| ROE (net income / shareholders' equity) | 3.84% | 3.17% | 5.51% | - | - | 9% | 8.4% | 5% |
| ROA (Net income/ Total Assets) | 2.76% | - | 3.76% | - | - | - | - | - |
| Assets 1 | 861.3 | - | 1,539 | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 0.3800 | 0.5000 | 0.5900 | 0.6700 | - | 0.9900 | 0.8500 | 0.6100 |
| Capex 1 | 244 | 119 | 152 | 251 | - | 169 | 110 | 53.4 |
| Capex / Sales | 94.82% | 42.68% | 25.39% | 36.87% | - | 17.49% | 13.57% | 8.74% |
| Announcement Date | 11/03/20 | 10/03/21 | 23/03/22 | 15/03/23 | 07/03/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
5.836
USD
Average target price
5.95
USD
Spread / Average Target
+1.95%
| 1st Jan change | Capi. | |
|---|---|---|
| +55.69% | 1.66B | |
| -10.95% | 151B | |
| -0.98% | 122B | |
| +5.27% | 75.92B | |
| +12.37% | 49.33B | |
| +2.78% | 49.09B | |
| +35.87% | 40.41B | |
| +85.33% | 29.52B | |
| +30.73% | 26.93B | |
| +71.20% | 19.26B |
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