WallStSmart

Almonty Industries Inc. Common Shares (ALM)vsFranco-Nevada Corporation (FNV)

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Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 2581% more annual revenue ($2.30B vs $85.80M). ALM leads profitability with a 125.2% profit margin vs 64.2%. FNV trades at a lower P/E of 34.7x. FNV earns a higher WallStSmart Score of 68/100 (B-).

ALM

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 6.5Value: 4.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.58

FNV

Strong Buy

68

out of 100

Grade: B-

Growth: 9.3Profit: 9.0Value: 2.7Quality: 7.8
Piotroski: 4/9Altman Z: 8.71
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Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for ALM.

FNVSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$208.07

Current Price

$267.20

$59.13 premium

UndervaluedFair: $208.07Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALM3 strengths · Avg: 10.0/10
Profit MarginProfitability
125.2%10/10

Keeps 125 of every $100 in revenue as profit

Operating MarginProfitability
37.5%10/10

Strong operational efficiency at 37.5%

Revenue GrowthGrowth
497.7%10/10

Revenue surging 497.7% year-over-year

FNV6 strengths · Avg: 9.5/10
Profit MarginProfitability
64.2%10/10

Keeps 64 of every $100 in revenue as profit

Operating MarginProfitability
77.0%10/10

Strong operational efficiency at 77.0%

Revenue GrowthGrowth
58.2%10/10

Revenue surging 58.2% year-over-year

Altman Z-ScoreHealth
8.7110/10

Safe zone — low bankruptcy risk

Market CapQuality
$51.29B9/10

Large-cap with strong market position

EPS GrowthGrowth
43.0%8/10

Earnings expanding 43.0% YoY

Areas to Watch

ALM4 concerns · Avg: 3.3/10
Price/BookValuation
10.4x4/10

Trading at 10.4x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Debt/EquityHealth
1.473/10

Elevated debt levels

P/E RatioValuation
87.3x2/10

Premium valuation, high expectations priced in

FNV2 concerns · Avg: 3.0/10
P/E RatioValuation
34.7x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
11.812/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : ALM

The strongest argument for ALM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 125.2% and operating margin at 37.5%. Revenue growth of 497.7% demonstrates continued momentum.

Bull Case : FNV

The strongest argument for FNV centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 64.2% and operating margin at 77.0%. Revenue growth of 58.2% demonstrates continued momentum.

Bear Case : ALM

The primary concerns for ALM are Price/Book, EPS Growth, Debt/Equity. A P/E of 87.3x leaves little room for execution misses.

Bear Case : FNV

The primary concerns for FNV are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

ALM carries more volatility with a beta of 1.39 — expect wider price swings.

ALM is growing revenue faster at 497.7% — sustainability is the question.

FNV generates stronger free cash flow (402M), providing more financial flexibility.

Monitor OTHER INDUSTRIAL METALS & MINING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FNV scores higher overall (68/100 vs 57/100), backed by strong 64.2% margins and 58.2% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Almonty Industries Inc. Common Shares

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

Almonty Industries Inc. engages in mining, processing, and shipping of tungsten concentrates. The company is headquartered in Dillon, Montana.

Franco-Nevada Corporation

BASIC MATERIALS · GOLD · USA

Franco-Nevada Corporation is a gold-focused royalty and flow company in the United States, Latin America, Canada, Australia, Europe and Africa, and internationally. The company is headquartered in Toronto, Canada.

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