COMPARE · Data as of August 21, 2026
FSM vs OR
Verdict: Side-by-side breakdown using the Bull Rankings model. FSM scored 70.2, OR scored 21.1 — FSM leads.
Compare another set
FSM
Fortuna Mining Corp.
70.2
$12.07 · $3.6B
fundamentals as of
Score gap
49.1
FSM leads
OR
OR Royalties Inc.
21.1
$36.54 · $6.9B
At a glance · who leads each dimension, on the model's own rules
- Fastest growthFSM+39.8%
- Strongest balance sheetFSM0.13
- Highest qualityFSM82 / 100
- Largest discount to fair valueFSM-55%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
FSM
stronger →← stronger
OR
82
Qualityreturns · margins · balance sheet
37
50
Growthrevenue & earnings expansion
50
84
Valuevaluation vs sector peers
5
FSM is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
FSM
OR
$613mC+
FCF
-$92mF
+39.8%A
Rev
+13.5%B+
0.13A-
D/E
0.15B+
10.1xA
P/E
—
0.44A
PEG
6.55D
—
P/S
18.9xD
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
FSM
OR
55% below
Price vs fair valuelower is cheaper
—
~-7%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
+75%
1-yr DCF upside
—
+121%
5-yr DCF upside
—
+201%
10-yr DCF upside
—
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
FSM
Why this score
- Cyclical growth
OR
Why this score
- Raising its dividend
- Cyclical growth
The companies
FSMFortuna Mining Corp.
Why now
Gold · market cap $3.6b. 13% off the 52-week high of $13.85. Revenue growing +40% — in hypergrowth territory. PEG 0.44 — paying under fair value for the growth rate.
Moat
Net margin 33% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 18% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 197% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Beta 2.12 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
OROR Royalties Inc.
Why now
Gold · market cap $6.9b. Down 24% from 52-week high of $48.06 — deep drawdown territory. Revenue growing +14%, comfortably above the S&P median. 4 sell-side analysts rate this a Buy with a mean 1-yr target of $42.50 (implying +16% upside).
Moat
Mining moat is reserve quality + extraction cost per unit — top-quartile cost producers generate cash through the commodity cycle while marginal producers burn it.
Risk
Free cash flow is negative (-$92m) — capital raises or debt issuance likely required; dilution / leverage risk. Currently unprofitable (margin -19.5%) — path to GAAP profitability is the core thesis risk. P/S 18.9x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where FSM and OR diverge
On the headline score the gap is 49.1 points in favor of FSM. The widest single difference is Value, where FSM leads by 78.7 points.
- ValueFSM 83.9 · OR 5.2FSM +78.7
- QualityFSM 82.5 · OR 36.6FSM +45.9
- GrowthFSM 50.0 · OR 50.0level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.