Where Fortuna Mining stands after its latest Filing
Revenue for the twelve months was $947m, up 39.8% on a year earlier, against a decline of 19.6% a quarter earlier. Free-cash-flow margin rose to 28.5% from 18.4% a year earlier. Operating margin widened to 43.1% from 22.8%. The diluted share count is up 7.8% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 3 financial-health checks. Our valuation models combined value is $8.52 a share, against a share price of $8.88.