WallStSmart

Agnico Eagle Mines Limited (AEM)vsFranco-Nevada Corporation (FNV)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Agnico Eagle Mines Limited generates 560% more annual revenue ($11.91B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs 37.5%. FNV appears more attractively valued with a PEG of 11.81. AEM earns a higher WallStSmart Score of 71/100 (B).

AEM

Strong Buy

71

out of 100

Grade: B

Growth: 10.0Profit: 9.0Value: 7.3Quality: 8.5
Piotroski: 6/9Altman Z: 2.83

FNV

Strong Buy

68

out of 100

Grade: B-

Growth: 9.3Profit: 9.0Value: 6.0Quality: 9.0
Piotroski: 4/9Altman Z: 12.18
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AEMUndervalued (+47.6%)

Margin of Safety

+47.6%

Fair Value

$414.65

Current Price

$179.13

$235.52 discount

UndervaluedFair: $414.65Overvalued
FNVUndervalued (+0.6%)

Margin of Safety

+0.6%

Fair Value

$259.27

Current Price

$222.54

$36.73 discount

UndervaluedFair: $259.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AEM6 strengths · Avg: 9.8/10
Profit MarginProfitability
37.5%10/10

Keeps 38 of every $100 in revenue as profit

Operating MarginProfitability
64.7%10/10

Strong operational efficiency at 64.7%

Revenue GrowthGrowth
60.3%10/10

Revenue surging 60.3% year-over-year

EPS GrowthGrowth
200.3%10/10

Earnings expanding 200.3% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Market CapQuality
$104.79B9/10

Large-cap with strong market position

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

Areas to Watch

AEM1 concerns · Avg: 2.0/10
PEG RatioValuation
28.152/10

Expensive relative to growth rate

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

Expensive relative to growth rate

P/E RatioValuation
40.2x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-1.73B2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : AEM

The strongest argument for AEM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 37.5% and operating margin at 64.7%. Revenue growth of 60.3% demonstrates continued momentum.

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.

Bear Case : AEM

The primary concerns for AEM are PEG Ratio.

Bear Case : FNV

The primary concerns for FNV are PEG Ratio, P/E Ratio, Free Cash Flow. A P/E of 40.2x leaves little room for execution misses.

Key Dynamics to Monitor

FNV carries more volatility with a beta of 0.90 — expect wider price swings.

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

AEM generates stronger free cash flow (1.3B), providing more financial flexibility.

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

Bottom Line

AEM scores higher overall (71/100 vs 68/100), backed by strong 37.5% margins and 60.3% 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.

Agnico Eagle Mines Limited

BASIC MATERIALS · GOLD · USA

Agnico Eagle Mines Limited is engaged in the exploration, development and production of mineral properties in Canada, Sweden and Finland. The company is headquartered in Toronto, Canada.

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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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