WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Franco-Nevada Corporation generates 534% more annual revenue ($2.30B vs $362.74M). OR leads profitability with a 78.0% profit margin vs 64.2%. OR trades at a lower P/E of 24.1x. OR earns a higher WallStSmart Score of 69/100 (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

OR

Strong Buy

69

out of 100

Grade: B-

Growth: 10.0Profit: 9.0Value: 4.3Quality: 8.5
Piotroski: 4/9Altman Z: 6.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$208.07

Current Price

$267.20

$59.13 premium

UndervaluedFair: $208.07Overvalued
ORSignificantly Overvalued (-69.9%)

Margin of Safety

-69.9%

Fair Value

$25.82

Current Price

$37.55

$11.73 premium

UndervaluedFair: $25.82Overvalued

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
$51.29B9/10

Large-cap with strong market position

EPS GrowthGrowth
43.0%8/10

Earnings expanding 43.0% YoY

OR6 strengths · Avg: 9.8/10
Profit MarginProfitability
78.0%10/10

Keeps 78 of every $100 in revenue as profit

Operating MarginProfitability
77.0%10/10

Strong operational efficiency at 77.0%

Revenue GrowthGrowth
62.0%10/10

Revenue surging 62.0% year-over-year

EPS GrowthGrowth
92.4%10/10

Earnings expanding 92.4% YoY

Altman Z-ScoreHealth
6.4810/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.159/10

Conservative balance sheet, low leverage

Areas to Watch

FNV2 concerns · Avg: 3.0/10
P/E RatioValuation
34.7x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
11.812/10

Expensive relative to growth rate

OR1 concerns · Avg: 2.0/10
Free Cash FlowQuality
$-199.72M2/10

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 64.2% and operating margin at 77.0%. Revenue growth of 58.2% 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 78.0% and operating margin at 77.0%. Revenue growth of 62.0% demonstrates continued momentum.

Bear Case : FNV

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

Bear Case : OR

The primary concerns for OR are Free Cash Flow.

Key Dynamics to Monitor

OR carries more volatility with a beta of 1.37 — expect wider price swings.

OR is growing revenue faster at 62.0% — sustainability is the question.

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

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

Bottom Line

OR scores higher overall (69/100 vs 68/100), backed by strong 78.0% margins and 62.0% 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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