WallStSmart

B2Gold Corp (BTG)vsFranco-Nevada Corporation (FNV)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

B2Gold Corp generates 70% more annual revenue ($3.06B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs 13.1%. BTG appears more attractively valued with a PEG of 4.71. BTG earns a higher WallStSmart Score of 76/100 (B+).

BTG

Strong Buy

76

out of 100

Grade: B+

Growth: 10.0Profit: 7.5Value: 7.3Quality: 7.0
Piotroski: 4/9Altman Z: 2.28

FNV

Strong Buy

68

out of 100

Grade: B-

Growth: 9.3Profit: 9.0Value: 6.0Quality: 9.0
Piotroski: 4/9Altman Z: 12.18
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BTGUndervalued (+57.0%)

Margin of Safety

+57.0%

Fair Value

$13.10

Current Price

$4.19

$8.91 discount

UndervaluedFair: $13.10Overvalued
FNVUndervalued (+6.0%)

Margin of Safety

+6.0%

Fair Value

$274.25

Current Price

$233.67

$40.58 discount

UndervaluedFair: $274.25Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTG6 strengths · Avg: 8.8/10
Operating MarginProfitability
40.5%10/10

Strong operational efficiency at 40.5%

Revenue GrowthGrowth
110.9%10/10

Revenue surging 110.9% year-over-year

Debt/EquityHealth
0.189/10

Conservative balance sheet, low leverage

P/E RatioValuation
14.7x8/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

EPS GrowthGrowth
33.3%8/10

Earnings expanding 33.3% YoY

FNV6 strengths · Avg: 10.0/10
Profit MarginProfitability
61.6%10/10

Keeps 62 of every $100 in revenue as profit

Operating MarginProfitability
76.1%10/10

Strong operational efficiency at 76.1%

Revenue GrowthGrowth
85.8%10/10

Revenue surging 85.8% year-over-year

EPS GrowthGrowth
108.8%10/10

Earnings expanding 108.8% YoY

Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
12.1810/10

Safe zone — low bankruptcy risk

Areas to Watch

BTG1 concerns · Avg: 2.0/10
PEG RatioValuation
4.712/10

Expensive relative to growth rate

FNV3 concerns · Avg: 2.7/10
P/E RatioValuation
39.4x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
11.812/10

Expensive relative to growth rate

Free Cash FlowQuality
$-1.73B2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : BTG

The strongest argument for BTG centers on Operating Margin, Revenue Growth, Debt/Equity. Revenue growth of 110.9% 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 61.6% and operating margin at 76.1%. Revenue growth of 85.8% demonstrates continued momentum.

Bear Case : BTG

The primary concerns for BTG are PEG Ratio.

Bear Case : FNV

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

Key Dynamics to Monitor

BTG carries more volatility with a beta of 1.19 — expect wider price swings.

BTG is growing revenue faster at 110.9% — sustainability is the question.

BTG generates stronger free cash flow (128M), providing more financial flexibility.

Monitor GOLD industry trends, competitive dynamics, and regulatory changes.

Bottom Line

BTG scores higher overall (76/100 vs 68/100) and 110.9% revenue growth. Both earn "Strong Buy" and "Strong 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.

B2Gold Corp

BASIC MATERIALS · GOLD · USA

B2Gold Corp. The company is headquartered in Vancouver, Canada.

Visit Website →

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.

Visit Website →

Want to dig deeper into these stocks?