Fortuna Silver Mines Inc (FVI) - Net Assets
Based on the latest financial reports, Fortuna Silver Mines Inc (FVI) has net assets worth CA$1.67 Billion CAD (≈ $1.21 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.24 Billion ≈ $1.62 Billion USD) and total liabilities (CA$569.64 Million ≈ $412.07 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore Fortuna Silver Mines Inc cash conversion from operations to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.67 Billion |
| % of Total Assets | 74.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | 102.0% |
| 10-Year Change | 454.98% |
| Growth Volatility | 832.31 |
Fortuna Silver Mines Inc - Net Assets Trend (2000–2024)
This chart illustrates how Fortuna Silver Mines Inc's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Fortuna Silver Mines Inc (FVI) market capitalisation.
Annual Net Assets for Fortuna Silver Mines Inc (2000–2024)
The table below shows the annual net assets of Fortuna Silver Mines Inc from 2000 to 2024. Read FVI total liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.47 Billion ≈ $1.06 Billion |
+13.81% |
| 2023-12-31 | CA$1.29 Billion ≈ $931.81 Million |
-0.04% |
| 2022-12-31 | CA$1.29 Billion ≈ $932.22 Million |
-9.85% |
| 2021-12-31 | CA$1.43 Billion ≈ $1.03 Billion |
+96.97% |
| 2020-12-31 | CA$725.77 Million ≈ $525.01 Million |
+14.22% |
| 2019-12-31 | CA$635.43 Million ≈ $459.66 Million |
+5.41% |
| 2018-12-31 | CA$602.80 Million ≈ $436.06 Million |
+6.96% |
| 2017-12-31 | CA$563.58 Million ≈ $407.69 Million |
+33.19% |
| 2016-12-31 | CA$423.15 Million ≈ $306.10 Million |
+60.18% |
| 2015-12-31 | CA$264.17 Million ≈ $191.10 Million |
-3.13% |
| 2014-12-31 | CA$272.71 Million ≈ $197.28 Million |
+10.12% |
| 2013-12-31 | CA$247.66 Million ≈ $179.15 Million |
-6.36% |
| 2012-12-31 | CA$264.49 Million ≈ $191.33 Million |
+15.85% |
| 2011-12-31 | CA$228.31 Million ≈ $165.16 Million |
+10.83% |
| 2010-12-31 | CA$206.01 Million ≈ $149.02 Million |
+83.03% |
| 2009-12-31 | CA$112.56 Million ≈ $81.42 Million |
+14.34% |
| 2008-12-31 | CA$98.44 Million ≈ $71.21 Million |
-9.45% |
| 2007-12-31 | CA$108.71 Million ≈ $78.64 Million |
+731.26% |
| 2005-12-31 | CA$13.08 Million ≈ $9.46 Million |
+3716.07% |
| 2004-12-31 | CA$342.71K ≈ $247.91K |
+177.07% |
| 2003-12-31 | CA$-444.67K ≈ $-321.67K |
-41.85% |
| 2002-12-31 | CA$-313.47K ≈ $-226.76K |
-10.50% |
| 2001-12-31 | CA$-283.68K ≈ $-205.21K |
-13.73% |
| 2000-12-31 | CA$-249.44K ≈ $-180.44K |
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Equity Component Analysis
This analysis shows how different components contribute to Fortuna Silver Mines Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21832552423.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$216.38 Million | 15.41% |
| Common Stock | CA$1.13 Billion | 80.47% |
| Other Comprehensive Income | CA$20.72 Million | 1.48% |
| Other Components | CA$37.05 Million | 2.64% |
| Total Equity | CA$1.40 Billion | 100.00% |
Fortuna Silver Mines Inc Competitors by Market Cap
The table below lists competitors of Fortuna Silver Mines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TVS Holdings Limited
NSE:TVSHLTD
|
$3.11 Billion |
|
Marathon Digital Holdings Inc
NASDAQ:MARA
|
$3.12 Billion |
|
Boise Cascad Llc
NYSE:BCC
|
$3.12 Billion |
|
CRRC Corporation Limited
F:C2L
|
$3.12 Billion |
|
Apeloa Pharmaceutical Co Ltd
SHE:000739
|
$3.11 Billion |
|
Shurgard Self Storage SA
BR:SHUR
|
$3.11 Billion |
|
YETI Holdings Inc
NYSE:YETI
|
$3.11 Billion |
|
Bank of Queensland Ltd
AU:BOQ
|
$3.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortuna Silver Mines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,238,367,000 to 1,403,865,000, a change of 165,498,000 (13.4%).
- Net income of 128,735,000 contributed positively to equity growth.
- Share repurchases of 34,128,000 reduced equity.
- Other comprehensive income decreased equity by 4,619,999.
- Other factors increased equity by 75,510,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$128.74 Million | +9.17% |
| Share Repurchases | CA$34.13 Million | -2.43% |
| Other Comprehensive Income | CA$-4.62 Million | -0.33% |
| Other Changes | CA$75.51 Million | +5.38% |
| Total Change | CA$- | 13.36% |
Book Value vs Market Value Analysis
This analysis compares Fortuna Silver Mines Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CA$-0.15 | CA$14.01 | x |
| 2001-12-31 | CA$-0.18 | CA$14.01 | x |
| 2002-12-31 | CA$-0.19 | CA$14.01 | x |
| 2003-12-31 | CA$-0.24 | CA$14.01 | x |
| 2004-12-31 | CA$0.16 | CA$14.01 | x |
| 2005-12-31 | CA$1.82 | CA$14.01 | x |
| 2007-12-31 | CA$1.43 | CA$14.01 | x |
| 2008-12-31 | CA$1.06 | CA$14.01 | x |
| 2009-12-31 | CA$1.23 | CA$14.01 | x |
| 2010-12-31 | CA$1.86 | CA$14.01 | x |
| 2011-12-31 | CA$1.83 | CA$14.01 | x |
| 2012-12-31 | CA$2.11 | CA$14.01 | x |
| 2013-12-31 | CA$1.96 | CA$14.01 | x |
| 2014-12-31 | CA$2.13 | CA$14.01 | x |
| 2015-12-31 | CA$2.05 | CA$14.01 | x |
| 2016-12-31 | CA$3.07 | CA$14.01 | x |
| 2017-12-31 | CA$3.56 | CA$14.01 | x |
| 2018-12-31 | CA$3.73 | CA$14.01 | x |
| 2019-12-31 | CA$3.86 | CA$14.01 | x |
| 2020-12-31 | CA$3.90 | CA$14.01 | x |
| 2021-12-31 | CA$5.51 | CA$14.01 | x |
| 2022-12-31 | CA$4.27 | CA$14.01 | x |
| 2023-12-31 | CA$4.20 | CA$14.01 | x |
| 2024-12-31 | CA$4.46 | CA$14.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortuna Silver Mines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.12%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.51x
- Recent ROE (9.17%) is above the historical average (0.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-21.58K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-17.67K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-236.61 |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-32.28K |
| 2004 | -28.18% | 0.00% | 0.00x | 1.16x | CA$-130.86K |
| 2005 | -3.98% | 0.00% | 0.00x | 1.59x | CA$-1.83 Million |
| 2007 | -2.76% | -8.81% | 0.25x | 1.23x | CA$-13.02 Million |
| 2008 | -0.89% | -3.66% | 0.19x | 1.30x | CA$-9.73 Million |
| 2009 | 0.55% | 1.21% | 0.37x | 1.24x | CA$-10.63 Million |
| 2010 | 6.29% | 17.49% | 0.30x | 1.18x | CA$-7.65 Million |
| 2011 | 8.56% | 17.74% | 0.41x | 1.19x | CA$-3.30 Million |
| 2012 | 11.90% | 19.54% | 0.51x | 1.20x | CA$5.01 Million |
| 2013 | -7.71% | -13.90% | 0.45x | 1.22x | CA$-43.87 Million |
| 2014 | 5.72% | 8.97% | 0.50x | 1.28x | CA$-11.67 Million |
| 2015 | -4.02% | -6.86% | 0.41x | 1.44x | CA$-37.02 Million |
| 2016 | 4.22% | 8.49% | 0.37x | 1.33x | CA$-24.46 Million |
| 2017 | 11.76% | 24.73% | 0.38x | 1.25x | CA$9.95 Million |
| 2018 | 5.64% | 12.91% | 0.33x | 1.30x | CA$-26.29 Million |
| 2019 | 3.74% | 9.25% | 0.27x | 1.47x | CA$-39.75 Million |
| 2020 | 2.97% | 7.73% | 0.26x | 1.45x | CA$-51.02 Million |
| 2021 | 4.21% | 9.65% | 0.30x | 1.47x | CA$-79.64 Million |
| 2022 | -10.92% | -19.94% | 0.36x | 1.51x | CA$-260.38 Million |
| 2023 | -4.11% | -6.03% | 0.43x | 1.59x | CA$-174.67 Million |
| 2024 | 9.17% | 12.12% | 0.50x | 1.51x | CA$-11.65 Million |
Industry Comparison
This section compares Fortuna Silver Mines Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,784,468,103
- Average return on equity (ROE) among peers: -17.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortuna Silver Mines Inc (FVI) | CA$1.67 Billion | 0.00% | 0.34x | $3.11 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.95 Billion |
| Abcourt Mines Inc. (ABI) | $21.98 Million | -4.61% | 0.07x | $81.76 Million |
| Barrick Gold Corp (ABX) | $24.51 Billion | -2.71% | 0.93x | $68.04 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $141.31 Million |
| Agnico Eagle Mines Limited (AEM) | $2.98 Billion | -13.65% | 0.67x | $99.09 Billion |
| Alamos Gold Inc (AGI) | $141.14 Million | 2.08% | 0.25x | $18.74 Billion |
| AIS Resources Ltd (AIS) | $2.11 Million | -4.60% | 0.02x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $-113.81K | 0.00% | 0.00x | $37.53 Million |
| Almaden Minerals Ltd (AMM) | $80.18 Million | -3.33% | 0.09x | $24.82 Million |
About Fortuna Silver Mines Inc
Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sanu, Sango, Cuzcatlan, and Bateas segments. It operates the Lindero gold mine, the Yaramoko gold mine, the Séguéla gold mine, and the San Jose silver-gold mine, as well as the Caylloma silver, lead,… Read more