WallStSmart

Franco-Nevada Corporation (FNV)vsGold Fields Ltd ADR (GFI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Gold Fields Ltd ADR generates 263% more annual revenue ($6.56B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs 28.7%. GFI appears more attractively valued with a PEG of 11.59. GFI earns a higher WallStSmart Score of 74/100 (B).

FNV

Strong Buy

68

out of 100

Grade: B-

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

GFI

Strong Buy

74

out of 100

Grade: B

Growth: 10.0Profit: 10.0Value: 7.3Quality: 8.0
Piotroski: 5/9Altman Z: 3.02
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVUndervalued (+0.6%)

Margin of Safety

+0.6%

Fair Value

$259.27

Current Price

$222.54

$36.73 discount

UndervaluedFair: $259.27Overvalued
GFIUndervalued (+41.5%)

Margin of Safety

+41.5%

Fair Value

$97.81

Current Price

$39.07

$58.74 discount

UndervaluedFair: $97.81Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

GFI6 strengths · Avg: 9.8/10
Return on EquityProfitability
35.2%10/10

Every $100 of equity generates 35 in profit

Operating MarginProfitability
46.4%10/10

Strong operational efficiency at 46.4%

Revenue GrowthGrowth
63.7%10/10

Revenue surging 63.7% year-over-year

EPS GrowthGrowth
163.3%10/10

Earnings expanding 163.3% YoY

Altman Z-ScoreHealth
3.0210/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
28.7%9/10

Keeps 29 of every $100 in revenue as profit

Areas to Watch

FNV3 concerns · Avg: 2.0/10
PEG RatioValuation
11.812/10

Expensive relative to growth rate

P/E RatioValuation
40.2x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-1.73B2/10

Negative free cash flow — burning cash

GFI1 concerns · Avg: 2.0/10
PEG RatioValuation
11.592/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : GFI

The strongest argument for GFI centers on Return on Equity, Operating Margin, Revenue Growth. Profitability is solid with margins at 28.7% and operating margin at 46.4%. Revenue growth of 63.7% demonstrates continued momentum.

Bear Case : FNV

The primary concerns for FNV are PEG Ratio, P/E Ratio, Free Cash Flow. A P/E of 40.2x leaves little room for execution misses.

Bear Case : GFI

The primary concerns for GFI are PEG Ratio.

Key Dynamics to Monitor

FNV carries more volatility with a beta of 0.90 — expect wider price swings.

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

GFI generates stronger free cash flow (2.1B), providing more financial flexibility.

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

Bottom Line

GFI scores higher overall (74/100 vs 68/100), backed by strong 28.7% margins and 63.7% 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.

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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Gold Fields Ltd ADR

BASIC MATERIALS · GOLD · USA

Gold Fields Limited is a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia and Peru. The company is headquartered in Sandton, South Africa.

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