WallStSmart

Franco-Nevada Corporation (FNV)vsEchoStar Corporation (SATS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

EchoStar Corporation generates 732% more annual revenue ($15.00B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs -96.6%. SATS appears more attractively valued with a PEG of 1.34. FNV earns a higher WallStSmart Score of 68/100 (B-).

FNV

Strong Buy

68

out of 100

Grade: B-

Growth: 9.3Profit: 9.0Value: 2.7Quality: 9.0
Piotroski: 4/9Altman Z: 12.18

SATS

Avoid

34

out of 100

Grade: F

Growth: 2.0Profit: 3.0Value: 7.0Quality: 2.5
Piotroski: 3/9Altman Z: -0.08
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-54.5%)

Margin of Safety

-54.5%

Fair Value

$166.74

Current Price

$232.11

$65.37 premium

UndervaluedFair: $166.74Overvalued
SATSUndervalued (+66.0%)

Margin of Safety

+66.0%

Fair Value

$323.23

Current Price

$127.15

$196.08 discount

UndervaluedFair: $323.23Overvalued

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

SATS0 strengths · Avg: 0/10

No standout strengths identified

Areas to Watch

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

Expensive relative to growth rate

P/E RatioValuation
40.7x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-1.73B2/10

Negative free cash flow — burning cash

SATS4 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-111.3%2/10

ROE of -111.3% — below average capital efficiency

Revenue GrowthGrowth
-4.3%2/10

Revenue declined 4.3%

EPS GrowthGrowth
-85.6%2/10

Earnings declined 85.6%

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 : SATS

PEG of 1.34 suggests the stock is reasonably priced for its growth.

Bear Case : FNV

The primary concerns for FNV are PEG Ratio, P/E Ratio, Free Cash Flow. A P/E of 40.7x leaves little room for execution misses.

Bear Case : SATS

The primary concerns for SATS are Piotroski F-Score, Return on Equity, Revenue Growth. Debt-to-equity of 4.40 is elevated, increasing financial risk.

Key Dynamics to Monitor

FNV profiles as a growth stock while SATS is a turnaround play — different risk/reward profiles.

SATS carries more volatility with a beta of 0.96 — expect wider price swings.

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

SATS generates stronger free cash flow (-583M), providing more financial flexibility.

Bottom Line

FNV scores higher overall (68/100 vs 34/100), backed by strong 61.6% margins and 85.8% revenue growth. SATS offers better value entry with a 66.0% margin of safety. Both earn "Strong Buy" and "Avoid" 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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EchoStar Corporation

COMMUNICATION SERVICES · TELECOM SERVICES · USA

EchoStar Corporation provides broadband satellite technologies and broadband Internet services. The company is headquartered in Englewood, Colorado.

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