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Fortuna MiningFSM +11.29%89 Intrinsic Value: Projected FCF is $9.55 as of Aug. 19, 2026, which is 524% above its 10-year median of 1.53. GuruFocus rates FSM with a GF Score™ of 89/100 and a GF Value™ of $7.78 (Significantly Overvalued). Among 650 Metals & Mining companies, Fortuna Mining ranks better than 74% 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 (2026-08-19), Fortuna Mining's Intrinsic Value: Projected FCF is $9.55. The stock price of Fortuna Mining is $11.63. Therefore, Fortuna Mining's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.
The historical rank and industry rank for Fortuna Mining's Intrinsic Value: Projected FCF or its related term are showing as below:
FSM'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.85 Med: 1.53 Max: 4.18
Current: 1.22
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Fortuna Mining was 4.18. The lowest was 0.85. And the median was 1.53.
FSM's Price-to-Projected-FCF is ranked better than 74% of 650
companies
in the Metals & Mining industry
Industry Median: 2.26
vs FSM: 1.22
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.
Fortuna Mining's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
11.63
/
9.228840462248
=
1.26
* 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.
Fortuna Mining Intrinsic Value: Projected FCF Related Terms
Fortuna Mining Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Fortuna Mining'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.
FSM vs NEM, AU: Intrinsic Value: Projected FCF Comparison
For the Gold subindustry, Fortuna Mining'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.
Fortuna Mining Price-to-Projected-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Fortuna Mining's Price-to-Projected-FCF falls into.
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.
* 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 $9.55 mean?
Fortuna Mining (FSM) has a Intrinsic Value: Projected FCF of $9.55 as of Aug. 19, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Fortuna Mining and its competitors. This is 524% above median its historical median of 1.53. Over the past decade, Fortuna Mining's Intrinsic Value: Projected FCF has ranged from 0.85 to 4.18. According to the industry distribution chart, Fortuna Mining ranks #169 out of 650 companies in the Metals & Mining industry, placing it in the top 26%.
Is Fortuna Mining's Intrinsic Value: Projected FCF too high?
Fortuna Mining's current Intrinsic Value: Projected FCF of $9.55 is 524% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 4.18. The Metals & Mining industry median Intrinsic Value: Projected FCF is 2.26. Fortuna Mining's value of $9.55 is 322.6% above this industry median. Based on the distribution chart, Fortuna Mining ranks #169 out of 650 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Fortuna Mining has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Intrinsic Value: Projected FCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #169 out of 650 companies for Intrinsic Value: Projected FCF. This puts Fortuna Mining in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 2.26. Fortuna Mining's value of $9.55 is 322.6% above this benchmark. Historically, Fortuna Mining's own Intrinsic Value: Projected FCF has ranged from 0.85 to 4.18 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 2.26, Fortuna Mining 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 2.26, based on 650 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. Fortuna Mining's current Intrinsic Value: Projected FCF of $9.55 is 322.6% 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 Fortuna Mining and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortuna Mining's current Intrinsic Value: Projected FCF is $9.55, which is 524% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (FSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.78, compared to a current price of $11.63 — trading 49.5% above its estimated fair value. The current Intrinsic Value: Projected FCF is $9.55, which is 524% above median its 10-year median of 1.53 and 322.6% above the Metals & Mining industry median of 2.26. Fortuna Mining's overall GF Score™ is 89/100. 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 Fortuna Mining (FSM), the current Intrinsic Value: Projected FCF is $9.55 as of Aug. 19, 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 Fortuna Mining (FSM) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of $11.63 is trading 49.5% above its estimated GF Value™ of $7.78.
GuruFocus considers Fortuna Mining to be Significantly Overvalued.
Key valuation signals for FSM:
Intrinsic Value: Projected FCF: $9.55 (524% above median its 10-year median of 1.53)
GF Value™: $7.78 vs. price of $11.63 (49.5% above fair value)
Industry Position: 322.6% above the Metals & Mining median (#169 of 650)
No single metric tells the full story. See the FSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
89GF Score
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Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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