WallStSmart

Franco-Nevada Corporation (FNV)vsMako Mining Corp Common Stock (MAKO)

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Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 1000% more annual revenue ($2.30B vs $209.16M). FNV leads profitability with a 64.2% profit margin vs 25.1%. MAKO trades at a lower P/E of 17.1x. MAKO earns a higher WallStSmart Score of 70/100 (B-).

FNV

Strong Buy

68

out of 100

Grade: B-

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

MAKO

Strong Buy

70

out of 100

Grade: B-

Growth: 10.0Profit: 10.0Value: 6.0Quality: 8.5
Piotroski: 3/9Altman Z: 3.43
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$208.07

Current Price

$257.87

$49.80 premium

UndervaluedFair: $208.07Overvalued

Intrinsic value data unavailable for MAKO.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

MAKO6 strengths · Avg: 9.5/10
Operating MarginProfitability
38.4%10/10

Strong operational efficiency at 38.4%

Revenue GrowthGrowth
61.7%10/10

Revenue surging 61.7% year-over-year

Altman Z-ScoreHealth
3.4310/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
27.4%9/10

Every $100 of equity generates 27 in profit

Profit MarginProfitability
25.1%9/10

Keeps 25 of every $100 in revenue as profit

Debt/EquityHealth
0.229/10

Conservative balance sheet, low leverage

Areas to Watch

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

MAKO2 concerns · Avg: 3.0/10
Market CapQuality
$881.32M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

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 64.2% and operating margin at 77.0%. Revenue growth of 58.2% demonstrates continued momentum.

Bull Case : MAKO

The strongest argument for MAKO centers on Operating Margin, Revenue Growth, Altman Z-Score. Profitability is solid with margins at 25.1% and operating margin at 38.4%. Revenue growth of 61.7% demonstrates continued momentum.

Bear Case : FNV

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

Bear Case : MAKO

The primary concerns for MAKO are Market Cap, Piotroski F-Score.

Key Dynamics to Monitor

MAKO carries more volatility with a beta of 1.80 — expect wider price swings.

MAKO is growing revenue faster at 61.7% — sustainability is the question.

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

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

Bottom Line

MAKO scores higher overall (70/100 vs 68/100), backed by strong 25.1% margins and 61.7% 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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Mako Mining Corp Common Stock

BASIC MATERIALS · GOLD · USA

Mako Mining Corp is a prominent gold mining company focused on the acquisition, exploration, and development of mineral properties in the Americas, with its flagship San Albino gold project in Nicaragua leading its operations. The company emphasizes sustainable and efficient mining practices, striving to enhance shareholder value amidst favorable market dynamics. With a dedication to innovative operational strategies and growth initiatives, Mako Mining presents an attractive investment opportunity for institutional investors seeking access to the mid-tier gold mining sector.

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