FNLPF (Fresnillo) Intrinsic Value: Projected FCF: $14.28 (As of Jul. 27, 2026) — 500% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FNLPF Fresnillo PLC FNLPF
78 GF Score
Price $32.84
GF Value $16.95
Valuation Significantly Overvalued
View Full Analysis

What is Fresnillo Intrinsic Value: Projected FCF?

Fresnillo FNLPF -1.41% 78 Intrinsic Value: Projected FCF is $14.28 as of Jul. 27, 2026, which is 500% above its 10-year median of 2.38. GuruFocus rates FNLPF with a GF Score™ of 78/100 and a GF Value™ of $16.95 (Significantly Overvalued). Among 647 Metals & Mining companies, Fresnillo ranks worse than 54.25% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-07-27), Fresnillo's Intrinsic Value: Projected FCF is $14.28. The stock price of Fresnillo is $32.84. Therefore, Fresnillo's Price-to-Intrinsic-Value-Projected-FCF of today is 2.3.

The historical rank and industry rank for Fresnillo's Intrinsic Value: Projected FCF or its related term are showing as below:

FNLPF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.1   Med: 2.38   Max: 3.49
Current: 2.3

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Fresnillo was 3.49. The lowest was 1.10. And the median was 2.38.

FNLPF's Price-to-Projected-FCF is ranked worse than
54.25% of 647 companies
in the Metals & Mining industry
Industry Median: 2.05 vs FNLPF: 2.30

Fresnillo  (OTCPK:FNLPF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Fresnillo's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=32.84/14.700800906968
=2.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fresnillo Intrinsic Value: Projected FCF Related Terms


Fresnillo Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Fresnillo's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fresnillo Intrinsic Value: Projected FCF Chart

Fresnillo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.22 5.79 5.14 7.12 14.85

Fresnillo Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.14 0.00 7.12 0.00 14.85

FNLPF vs HL: Intrinsic Value: Projected FCF Comparison

For the Other Precious Metals & Mining subindustry, Fresnillo's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fresnillo Price-to-Projected-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fresnillo's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Fresnillo's Price-to-Projected-FCF falls into.


FNLPF
78GF Score
Fresnillo PLC FNLPF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fresnillo Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Fresnillo's Free Cash Flow(6 year avg) = $479.50.

Fresnillo's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*479.49828571429+4632.894*0.8)/736.894
=14.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $14.28 mean?
Fresnillo (FNLPF) has a Intrinsic Value: Projected FCF of $14.28 as of Jul. 27, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Fresnillo and its competitors. This is 500% above median its historical median of 2.38. Over the past decade, Fresnillo's Intrinsic Value: Projected FCF has ranged from 1.10 to 3.49. According to the industry distribution chart, Fresnillo ranks #351 out of 647 companies in the Metals & Mining industry, placing it in the top 54.3%.
Is Fresnillo's Intrinsic Value: Projected FCF too high?
Fresnillo's current Intrinsic Value: Projected FCF of $14.28 is 500% above median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.49. The Metals & Mining industry median Intrinsic Value: Projected FCF is 2.05. Fresnillo's value of $14.28 is 596.6% above this industry median. Based on the distribution chart, Fresnillo ranks #351 out of 647 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Fresnillo has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fresnillo's Intrinsic Value: Projected FCF compare to HL?
According to the Metals & Mining industry distribution chart, Fresnillo ranks #351 out of 647 companies for Intrinsic Value: Projected FCF. This places Fresnillo in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.05. Fresnillo's value of $14.28 is 596.6% above this benchmark. Historically, Fresnillo's own Intrinsic Value: Projected FCF has ranged from 1.10 to 3.49 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 2.05, Fresnillo has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Metals & Mining company?
The median Intrinsic Value: Projected FCF among Metals & Mining companies is 2.05, based on 647 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fresnillo's current Intrinsic Value: Projected FCF of $14.28 is 596.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Fresnillo and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fresnillo's current Intrinsic Value: Projected FCF is $14.28, which is 500% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresnillo stock overvalued right now?
Based on GuruFocus' analysis, Fresnillo (FNLPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.95, compared to a current price of $32.84 — trading 93.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is $14.28, which is 500% above median its 10-year median of 2.38 and 596.6% above the Metals & Mining industry median of 2.05. Fresnillo's overall GF Score™ is 78/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Fresnillo (FNLPF), the current Intrinsic Value: Projected FCF is $14.28 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fresnillo (FNLPF) Overvalued in 2026?

Based on GuruFocus' analysis, Fresnillo stock appears to be overvalued. The current stock price of $32.84 is trading 93.7% above its estimated GF Value™ of $16.95. GuruFocus considers Fresnillo to be Significantly Overvalued.

Key valuation signals for FNLPF:

  • Intrinsic Value: Projected FCF: $14.28 (500% above median its 10-year median of 2.38)
  • GF Value™: $16.95 vs. price of $32.84 (93.7% above fair value)
  • GF Score™: 78/100
  • Industry Position: 596.6% above the Metals & Mining median (#351 of 647)

No single metric tells the full story. See the FNLPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fresnillo Business Description

Address Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250
Fresnillo PLC explores, develops, and produces silver and gold resources mainly in Mexico. The company's reportable segments comprise seven producing mines: the Fresnillo, Saucito, and Juanicipio underground silver mines located in Zacatecas; the Cienega underground silver-gold mine in Durango; the Herradura and Noche Buena surface gold mines in Sonora; and the San Julian underground silver-gold mine situated on the border of Chihuahua and Durango. Its mining operations involve both underground and open-pit mining methods, depending on the characteristics of each deposit.
78GF Score

Get the complete analysis for FNLPF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$32.84
Price
$16.95
GF Value