WallStSmart

Franco-Nevada Corporation (FNV)vsWheaton Precious Metals Corp (WPM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Wheaton Precious Metals Corp generates 38% more annual revenue ($3.17B vs $2.30B). WPM leads profitability with a 64.7% profit margin vs 64.2%. WPM appears more attractively valued with a PEG of 0.43. WPM earns a higher WallStSmart Score of 78/100 (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

WPM

Strong Buy

78

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 5.3Quality: 7.0
Piotroski: 4/9Altman Z: 12.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FNVSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$208.05

Current Price

$265.93

$57.88 premium

UndervaluedFair: $208.05Overvalued
WPMSignificantly Overvalued (-63.0%)

Margin of Safety

-63.0%

Fair Value

$92.05

Current Price

$151.01

$58.96 premium

UndervaluedFair: $92.05Overvalued

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

WPM6 strengths · Avg: 10.0/10
PEG RatioValuation
0.4310/10

Growing faster than its price suggests

Profit MarginProfitability
64.7%10/10

Keeps 65 of every $100 in revenue as profit

Operating MarginProfitability
72.3%10/10

Strong operational efficiency at 72.3%

Revenue GrowthGrowth
84.7%10/10

Revenue surging 84.7% year-over-year

EPS GrowthGrowth
85.7%10/10

Earnings expanding 85.7% YoY

Altman Z-ScoreHealth
12.6110/10

Safe zone — low bankruptcy risk

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

WPM2 concerns · Avg: 3.0/10
P/E RatioValuation
34.7x4/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-3.85B2/10

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 : WPM

The strongest argument for WPM centers on PEG Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 64.7% and operating margin at 72.3%. Revenue growth of 84.7% demonstrates continued momentum.

Bear Case : FNV

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

Bear Case : WPM

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

Key Dynamics to Monitor

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

WPM is growing revenue faster at 84.7% — 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

WPM scores higher overall (78/100 vs 68/100), backed by strong 64.7% margins and 84.7% 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.

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Wheaton Precious Metals Corp

BASIC MATERIALS · GOLD · USA

Wheaton Precious Metals Corp. The company is headquartered in Vancouver, Canada.

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