WallStSmart

Eldorado Gold Corp (EGO)vsFranco-Nevada Corporation (FNV)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Eldorado Gold Corp generates 1% more annual revenue ($1.82B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs 27.9%. EGO appears more attractively valued with a PEG of 5.96. EGO earns a higher WallStSmart Score of 77/100 (B+).

EGO

Strong Buy

77

out of 100

Grade: B+

Growth: 10.0Profit: 8.0Value: 7.3Quality: 6.3
Piotroski: 4/9Altman Z: 1.64

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

EGOUndervalued (+60.9%)

Margin of Safety

+60.9%

Fair Value

$118.40

Current Price

$34.49

$83.91 discount

UndervaluedFair: $118.40Overvalued
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

EGO6 strengths · Avg: 9.2/10
Operating MarginProfitability
45.9%10/10

Strong operational efficiency at 45.9%

Revenue GrowthGrowth
32.5%10/10

Revenue surging 32.5% year-over-year

EPS GrowthGrowth
134.8%10/10

Earnings expanding 134.8% YoY

Profit MarginProfitability
27.9%9/10

Keeps 28 of every $100 in revenue as profit

P/E RatioValuation
13.1x8/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

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

EGO2 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.644/10

Distress zone — elevated risk

PEG RatioValuation
5.962/10

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 : EGO

The strongest argument for EGO centers on Operating Margin, Revenue Growth, EPS Growth. Profitability is solid with margins at 27.9% and operating margin at 45.9%. Revenue growth of 32.5% 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 : EGO

The primary concerns for EGO are Altman Z-Score, PEG Ratio.

Bear Case : FNV

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

Key Dynamics to Monitor

EGO carries more volatility with a beta of 1.28 — expect wider price swings.

FNV is growing revenue faster at 85.8% — sustainability is the question.

EGO generates stronger free cash flow (164,514), providing more financial flexibility.

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

Bottom Line

EGO scores higher overall (77/100 vs 68/100), backed by strong 27.9% margins and 32.5% 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.

Eldorado Gold Corp

BASIC MATERIALS · GOLD · USA

discovery, acquisition, financing, development, production, sale and recovery of mineral products, mainly in Turkey, Canada, Greece, Brazil and Romania. The company is headquartered in Vancouver, Canada.

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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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