WallStSmart

Fortuna Silver Mines Inc (FSM)vsWheaton Precious Metals Corp (WPM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Wheaton Precious Metals Corp generates 151% more annual revenue ($2.75B vs $1.09B). WPM leads profitability with a 65.5% profit margin vs 31.1%. FSM trades at a lower P/E of 8.3x. FSM earns a higher WallStSmart Score of 79/100 (B+).

FSM

Strong Buy

79

out of 100

Grade: B+

Growth: 9.3Profit: 9.0Value: 8.3Quality: 8.5
Piotroski: 4/9Altman Z: 2.96

WPM

Strong Buy

78

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 5.3Quality: 9.0
Piotroski: 4/9Altman Z: 12.57
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FSMUndervalued (+61.4%)

Margin of Safety

+61.4%

Fair Value

$23.13

Current Price

$9.46

$13.66 discount

UndervaluedFair: $23.13Overvalued
WPMSignificantly Overvalued (-46.2%)

Margin of Safety

-46.2%

Fair Value

$79.49

Current Price

$116.23

$36.74 premium

UndervaluedFair: $79.49Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FSM6 strengths · Avg: 9.8/10
P/E RatioValuation
8.3x10/10

Attractively priced relative to earnings

Profit MarginProfitability
31.1%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
53.0%10/10

Strong operational efficiency at 53.0%

Revenue GrowthGrowth
75.6%10/10

Revenue surging 75.6% year-over-year

EPS GrowthGrowth
81.6%10/10

Earnings expanding 81.6% YoY

Debt/EquityHealth
0.129/10

Conservative balance sheet, low leverage

WPM6 strengths · Avg: 10.0/10
PEG RatioValuation
0.4310/10

Growing faster than its price suggests

Profit MarginProfitability
65.5%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
75.0%10/10

Strong operational efficiency at 75.0%

Revenue GrowthGrowth
91.6%10/10

Revenue surging 91.6% year-over-year

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

Areas to Watch

FSM0 concerns · Avg: 0/10

No major concerns identified

WPM1 concerns · Avg: 4.0/10
P/E RatioValuation
32.9x4/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : FSM

The strongest argument for FSM centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 31.1% and operating margin at 53.0%. Revenue growth of 75.6% demonstrates continued momentum.

Bull Case : WPM

The strongest argument for WPM centers on PEG Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 65.5% and operating margin at 75.0%. Revenue growth of 91.6% demonstrates continued momentum.

Bear Case : FSM

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

Bear Case : WPM

The primary concerns for WPM are P/E Ratio.

Key Dynamics to Monitor

FSM carries more volatility with a beta of 2.08 — expect wider price swings.

WPM is growing revenue faster at 91.6% — sustainability is the question.

WPM generates stronger free cash flow (692M), providing more financial flexibility.

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

Bottom Line

FSM scores higher overall (79/100 vs 78/100), backed by strong 31.1% margins and 75.6% 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.

Fortuna Silver Mines Inc

BASIC MATERIALS · GOLD · USA

Fortuna Silver Mines Inc. is engaged in the exploration, extraction and processing of precious and base metal deposits in Latin America. The company is headquartered in Vancouver, Canada.

Wheaton Precious Metals Corp

BASIC MATERIALS · GOLD · USA

Wheaton Precious Metals Corp. The company is headquartered in Vancouver, Canada.

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