WallStSmart

Franco-Nevada Corporation (FNV)vsOsisko Gold Ro (OR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 550% more annual revenue ($1.80B vs $277.37M). OR leads profitability with a 74.3% profit margin vs 61.6%. OR trades at a lower P/E of 31.8x. FNV earns a higher WallStSmart Score of 68/100 (B-).

FNV

Strong Buy

68

out of 100

Grade: B-

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

OR

Strong Buy

67

out of 100

Grade: B-

Growth: 8.7Profit: 9.0Value: 7.0Quality: 9.0
Piotroski: 4/9Altman Z: 6.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVUndervalued (+6.0%)

Margin of Safety

+6.0%

Fair Value

$274.25

Current Price

$233.67

$40.58 discount

UndervaluedFair: $274.25Overvalued
ORUndervalued (+14.0%)

Margin of Safety

+14.0%

Fair Value

$51.01

Current Price

$34.77

$16.24 discount

UndervaluedFair: $51.01Overvalued

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

OR5 strengths · Avg: 10.0/10
Profit MarginProfitability
74.3%10/10

Keeps 74 of every $100 in revenue as profit

Operating MarginProfitability
77.5%10/10

Strong operational efficiency at 77.5%

Revenue GrowthGrowth
59.4%10/10

Revenue surging 59.4% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
6.4810/10

Safe zone — low bankruptcy risk

Areas to Watch

FNV3 concerns · Avg: 2.7/10
P/E RatioValuation
39.4x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
11.812/10

Expensive relative to growth rate

Free Cash FlowQuality
$-1.73B2/10

Negative free cash flow — burning cash

OR1 concerns · Avg: 4.0/10
P/E RatioValuation
31.8x4/10

Premium valuation, high expectations priced in

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 : OR

The strongest argument for OR centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 74.3% and operating margin at 77.5%. Revenue growth of 59.4% demonstrates continued momentum.

Bear Case : FNV

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

Bear Case : OR

The primary concerns for OR are P/E Ratio.

Key Dynamics to Monitor

OR carries more volatility with a beta of 1.27 — expect wider price swings.

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

OR generates stronger free cash flow (116M), providing more financial flexibility.

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

Bottom Line

FNV scores higher overall (68/100 vs 67/100), backed by strong 61.6% margins and 85.8% 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.

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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Osisko Gold Ro

BASIC MATERIALS · GOLD · USA

Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, transfers and acquisitions and other interests in Canada and internationally. The company is headquartered in Montreal, Canada.

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