WallStSmart

Franco-Nevada Corporation (FNV)vsGoldgroup Mining Inc. (GORO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 5711% more annual revenue ($2.30B vs $39.60M). FNV leads profitability with a 64.2% profit margin vs -138.4%. 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: 7.8
Piotroski: 4/9Altman Z: 8.71

GORO

Hold

38

out of 100

Grade: F

Growth: 7.3Profit: 3.5Value: 6.7Quality: 5.5
Piotroski: 5/9Altman Z: 0.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$207.97

Current Price

$266.00

$58.03 premium

UndervaluedFair: $207.97Overvalued
GOROUndervalued (+68.6%)

Margin of Safety

+68.6%

Fair Value

$5.23

Current Price

$3.60

$1.63 discount

UndervaluedFair: $5.23Overvalued

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
$51.34B9/10

Large-cap with strong market position

EPS GrowthGrowth
43.0%8/10

Earnings expanding 43.0% YoY

GORO2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
362.8%10/10

Revenue surging 362.8% year-over-year

EPS GrowthGrowth
74.2%10/10

Earnings expanding 74.2% YoY

Areas to Watch

FNV2 concerns · Avg: 3.0/10
P/E RatioValuation
34.8x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
11.812/10

Expensive relative to growth rate

GORO4 concerns · Avg: 2.8/10
Market CapQuality
$482.92M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
1.0%3/10

Operating margin of 1.0%

Debt/EquityHealth
1.963/10

Elevated debt levels

Altman Z-ScoreHealth
0.482/10

Distress zone — elevated risk

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 : GORO

The strongest argument for GORO centers on Revenue Growth, EPS Growth. Revenue growth of 362.8% demonstrates continued momentum.

Bear Case : FNV

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

Bear Case : GORO

The primary concerns for GORO are Market Cap, Operating Margin, Debt/Equity. Debt-to-equity of 1.96 is elevated, increasing financial risk.

Key Dynamics to Monitor

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

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

GORO is growing revenue faster at 362.8% — sustainability is the question.

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

Bottom Line

FNV scores higher overall (68/100 vs 38/100), backed by strong 64.2% margins and 58.2% revenue growth. GORO offers better value entry with a 68.6% margin of safety. 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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Goldgroup Mining Inc.

BASIC MATERIALS · GOLD · USA

Gold Resource Corporation explores, develops, produces and sells gold and silver in Mexico and the United States. The company is headquartered in Denver, Colorado.

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