WallStSmart

Franco-Nevada Corporation (FNV)vsTanzanian Royalty Exploration Corp (TRX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 2094% more annual revenue ($2.09B vs $95.17M). FNV leads profitability with a 65.7% profit margin vs -23.4%. TRX appears more attractively valued with a PEG of 1.00. FNV earns a higher WallStSmart Score of 71/100 (B).

FNV

Strong Buy

71

out of 100

Grade: B

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

TRX

Hold

46

out of 100

Grade: D+

Growth: 10.0Profit: 3.0Value: 6.0Quality: 6.0
Piotroski: 3/9Altman Z: 0.27
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

Intrinsic value data unavailable for TRX.

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

TRX4 strengths · Avg: 9.5/10
Revenue GrowthGrowth
274.1%10/10

Revenue surging 274.1% year-over-year

EPS GrowthGrowth
254.9%10/10

Earnings expanding 254.9% YoY

Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

PEG RatioValuation
1.008/10

Growing faster than its price suggests

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

TRX4 concerns · Avg: 2.5/10
Market CapQuality
$301.35M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-8.8%2/10

ROE of -8.8% — below average capital efficiency

Free Cash FlowQuality
$-2.58M2/10

Negative free cash flow — burning cash

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 : TRX

The strongest argument for TRX centers on Revenue Growth, EPS Growth, Debt/Equity. Revenue growth of 274.1% demonstrates continued momentum. PEG of 1.00 suggests the stock is reasonably priced for its growth.

Bear Case : FNV

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

Bear Case : TRX

The primary concerns for TRX are Market Cap, Piotroski F-Score, Return on Equity.

Key Dynamics to Monitor

FNV profiles as a growth stock while TRX is a hypergrowth play — different risk/reward profiles.

FNV carries more volatility with a beta of 0.89 — expect wider price swings.

TRX is growing revenue faster at 274.1% — sustainability is the question.

FNV generates stronger free cash flow (70M), providing more financial flexibility.

Bottom Line

FNV scores higher overall (71/100 vs 46/100), backed by strong 65.7% margins and 77.7% revenue growth. Both earn "Strong Buy" and "Hold" 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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Tanzanian Royalty Exploration Corp

BASIC MATERIALS · GOLD · USA

Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.

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