WallStSmart

Franco-Nevada Corporation (FNV)vsKinross Gold Corporation (KGC)

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Smart Verdict

WallStSmart Research — data-driven comparison

Kinross Gold Corporation generates 281% more annual revenue ($7.96B vs $2.09B). FNV leads profitability with a 65.7% profit margin vs 36.0%. KGC appears more attractively valued with a PEG of 1.12. KGC earns a higher WallStSmart Score of 83/100 (A-).

FNV

Strong Buy

71

out of 100

Grade: B

Growth: 9.3Profit: 9.0Value: 3.3Quality: 7.8
Piotroski: 4/9Altman Z: 8.71

KGC

Exceptional Buy

83

out of 100

Grade: A-

Growth: 10.0Profit: 10.0Value: 6.0Quality: 8.5
Piotroski: 7/9Altman Z: 2.32
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-36.4%)

Margin of Safety

-36.4%

Fair Value

$188.88

Current Price

$218.74

$29.86 premium

UndervaluedFair: $188.88Overvalued
KGCSignificantly Overvalued (-19.9%)

Margin of Safety

-19.9%

Fair Value

$21.33

Current Price

$28.61

$7.28 premium

UndervaluedFair: $21.33Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FNV5 strengths · Avg: 10.0/10
Profit MarginProfitability
65.7%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
79.3%10/10

Strong operational efficiency at 79.3%

Revenue GrowthGrowth
77.7%10/10

Revenue surging 77.7% year-over-year

EPS GrowthGrowth
123.1%10/10

Earnings expanding 123.1% YoY

Altman Z-ScoreHealth
8.7110/10

Safe zone — low bankruptcy risk

KGC6 strengths · Avg: 10.0/10
P/E RatioValuation
10.9x10/10

Attractively priced relative to earnings

Return on EquityProfitability
31.3%10/10

Every $100 of equity generates 31 in profit

Profit MarginProfitability
36.0%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
55.1%10/10

Strong operational efficiency at 55.1%

Revenue GrowthGrowth
60.8%10/10

Revenue surging 60.8% year-over-year

EPS GrowthGrowth
133.9%10/10

Earnings expanding 133.9% YoY

Areas to Watch

FNV2 concerns · Avg: 3.0/10
P/E RatioValuation
29.5x4/10

Moderate valuation

PEG RatioValuation
11.812/10

Expensive relative to growth rate

KGC0 concerns · Avg: 0/10

No major concerns identified

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 65.7% and operating margin at 79.3%. Revenue growth of 77.7% demonstrates continued momentum.

Bull Case : KGC

The strongest argument for KGC centers on P/E Ratio, Return on Equity, Profit Margin. Profitability is solid with margins at 36.0% and operating margin at 55.1%. Revenue growth of 60.8% demonstrates continued momentum.

Bear Case : FNV

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

Bear Case : KGC

No major red flags identified for KGC, but monitor valuation.

Key Dynamics to Monitor

KGC carries more volatility with a beta of 1.35 — expect wider price swings.

FNV is growing revenue faster at 77.7% — sustainability is the question.

KGC generates stronger free cash flow (835M), providing more financial flexibility.

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

Bottom Line

KGC scores higher overall (83/100 vs 71/100), backed by strong 36.0% margins and 60.8% revenue growth. Both earn "Exceptional 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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Kinross Gold Corporation

BASIC MATERIALS · GOLD · USA

Kinross Gold Corporation is engaged in the acquisition, exploration and development of gold properties primarily in the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. The company is headquartered in Toronto, Canada.

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