WallStSmart

Fortuna Silver Mines Inc (FSM)vsTeck Resources Ltd Class B (TECK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Teck Resources Ltd Class B generates 1210% more annual revenue ($12.41B vs $947.06M). FSM leads profitability with a 30.3% profit margin vs 14.9%. FSM trades at a lower P/E of 11.0x. FSM earns a higher WallStSmart Score of 77/100 (B+).

FSM

Strong Buy

77

out of 100

Grade: B+

Growth: 9.3Profit: 9.0Value: 8.3Quality: 7.3
Piotroski: 5/9Altman Z: 2.66

TECK

Strong Buy

73

out of 100

Grade: B

Growth: 7.3Profit: 6.0Value: 4.7Quality: 6.8
Piotroski: 7/9Altman Z: 1.93
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FSMUndervalued (+46.6%)

Margin of Safety

+46.6%

Fair Value

$21.35

Current Price

$9.33

$12.02 discount

UndervaluedFair: $21.35Overvalued
TECKUndervalued (+9.1%)

Margin of Safety

+9.1%

Fair Value

$66.42

Current Price

$56.24

$10.18 discount

UndervaluedFair: $66.42Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FSM6 strengths · Avg: 9.7/10
P/E RatioValuation
11.0x10/10

Attractively priced relative to earnings

Profit MarginProfitability
30.3%10/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
43.4%10/10

Strong operational efficiency at 43.4%

Revenue GrowthGrowth
38.4%10/10

Revenue surging 38.4% year-over-year

EPS GrowthGrowth
987.0%10/10

Earnings expanding 987.0% YoY

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

TECK4 strengths · Avg: 9.5/10
Operating MarginProfitability
39.8%10/10

Strong operational efficiency at 39.8%

Revenue GrowthGrowth
72.2%10/10

Revenue surging 72.2% year-over-year

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

FSM0 concerns · Avg: 0/10

No major concerns identified

TECK3 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.934/10

Grey zone — moderate risk

Return on EquityProfitability
5.9%3/10

ROE of 5.9% — below average capital efficiency

PEG RatioValuation
5.472/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FSM

The strongest argument for FSM centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 30.3% and operating margin at 43.4%. Revenue growth of 38.4% demonstrates continued momentum.

Bull Case : TECK

The strongest argument for TECK centers on Operating Margin, Revenue Growth, EPS Growth. Revenue growth of 72.2% demonstrates continued momentum.

Bear Case : FSM

No major red flags identified for FSM, but monitor valuation.

Bear Case : TECK

The primary concerns for TECK are Altman Z-Score, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

FSM carries more volatility with a beta of 2.12 — expect wider price swings.

TECK is growing revenue faster at 72.2% — sustainability is the question.

TECK generates stronger free cash flow (344M), providing more financial flexibility.

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

Bottom Line

FSM scores higher overall (77/100 vs 73/100), backed by strong 30.3% margins and 38.4% 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.

Fortuna Silver Mines Inc

BASIC MATERIALS · GOLD · USA

Fortuna Silver Mines Inc. is engaged in the exploration, extraction and processing of precious and base metal deposits in Latin America. The company is headquartered in Vancouver, Canada.

Teck Resources Ltd Class B

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

Teck Resources Limited is dedicated to exploring, acquiring, developing and producing natural resources in Asia, Europe and North America. The company is headquartered in Vancouver, Canada.

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