Franco-Nevada Corporation (FNV)vsPan American Silver Corp. (PAAS)
FNV
Franco-Nevada Corporation
$233.67
+1.28%
BASIC MATERIALS · Cap: $44.52B
PAAS
Pan American Silver Corp.
$51.46
+3.19%
BASIC MATERIALS · Cap: $21.04B
Smart Verdict
WallStSmart Research — data-driven comparison
Pan American Silver Corp. generates 101% more annual revenue ($3.62B vs $1.80B). FNV leads profitability with a 61.6% profit margin vs 27.0%. PAAS appears more attractively valued with a PEG of 7.02. PAAS earns a higher WallStSmart Score of 74/100 (B).
FNV
Strong Buy68
out of 100
Grade: B-
PAAS
Strong Buy74
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+6.0%
Fair Value
$274.25
Current Price
$233.67
$40.58 discount
Margin of Safety
+50.0%
Fair Value
$119.81
Current Price
$51.46
$68.35 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 62 of every $100 in revenue as profit
Strong operational efficiency at 76.1%
Revenue surging 85.8% year-over-year
Earnings expanding 108.8% YoY
Conservative balance sheet, low leverage
Safe zone — low bankruptcy risk
Strong operational efficiency at 34.9%
Revenue surging 44.7% year-over-year
Keeps 27 of every $100 in revenue as profit
Conservative balance sheet, low leverage
Areas to Watch
Premium valuation, high expectations priced in
Expensive relative to growth rate
Negative free cash flow — burning cash
2.6% earnings growth
Expensive relative to growth rate
Comparative Analysis Report
WallStSmart ResearchBull 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 : PAAS
The strongest argument for PAAS centers on Operating Margin, Revenue Growth, Profit Margin. Profitability is solid with margins at 27.0% and operating margin at 34.9%. Revenue growth of 44.7% demonstrates continued momentum.
Bear Case : FNV
The primary concerns for FNV are P/E Ratio, PEG Ratio, Free Cash Flow.
Bear Case : PAAS
The primary concerns for PAAS are EPS Growth, PEG Ratio.
Key Dynamics to Monitor
PAAS carries more volatility with a beta of 1.44 — expect wider price swings.
FNV is growing revenue faster at 85.8% — sustainability is the question.
PAAS generates stronger free cash flow (514M), providing more financial flexibility.
Monitor GOLD industry trends, competitive dynamics, and regulatory changes.
Bottom Line
PAAS scores higher overall (74/100 vs 68/100), backed by strong 27.0% margins and 44.7% 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.
Visit Website →Pan American Silver Corp.
BASIC MATERIALS · GOLD · USA
Pan American Silver Corp. The company is headquartered in Vancouver, Canada.
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