Fortuna Historical Income Statement

FSM Stock

USD 4.78 0.03 0.62%

Historical analysis of Fortuna Silver income statement accounts such as EBIT of 10.5 M or Ebitda of 242.3 M can show how well Fortuna Silver Mines performed in making a profits. Evaluating Fortuna Silver income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fortuna Silver's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Fortuna Silver Mines latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortuna Silver Mines is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

About Fortuna Income Statement Analysis

Fortuna Silver Mines Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fortuna Silver shareholders. The income statement also shows Fortuna investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Fortuna Silver Income Statement Chart

At this time, Fortuna Silver's Total Revenue is very stable compared to the past year. As of the 1st of December 2024, Gross Profit is likely to grow to about 199.5 M, while EBIT is likely to drop about 10.5 M.

Other Operating Expenses Total Operating Expenses Income Tax Expense Selling General Administrative

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Fortuna Silver Mines. It is also known as Fortuna Silver overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from Fortuna Silver's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fortuna Silver Mines current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	441.4M	597.4M	842.8M	885.0M
Interest Expense	14.0M	13.7M	22.2M	23.3M

Other Operating Expenses Interest Expense

Fortuna Silver income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Depreciation And Amortization	Total Other Income Expense Net	Selling General Administrative	Total Revenue	Gross Profit	Net Income From Continuing Ops	Cost Of Revenue	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Interest Expense		0.98	-0.01	-0.27	0.79	0.92	-0.35	-0.54	0.23	0.98	-0.27	0.95	0.98	0.89	-0.67	0.98	-0.52	-0.2	0.09	-0.96	0.88	-0.8
Other Operating Expenses	0.98		-0.02	-0.3	0.76	0.94	-0.38	-0.58	0.23	0.97	-0.2	0.97	0.99	0.89	-0.7	1.0	-0.56	-0.21	0.18	-0.91	0.87	-0.81
Operating Income	-0.01	-0.02		0.48	0.31	-0.26	0.45	0.36	0.68	-0.06	0.23	0.12	0.12	0.38	0.45	0.04	-0.49	0.81	0.19	-0.01	0.11	0.39
Ebit	-0.27	-0.3	0.48		0.36	-0.26	0.96	0.91	0.7	-0.42	0.16	-0.32	-0.24	0.07	0.84	-0.31	-0.19	0.73	0.38	0.38	-0.43	0.22
Ebitda	0.79	0.76	0.31	0.36		0.72	0.28	0.06	0.68	0.7	-0.18	0.72	0.8	0.92	-0.12	0.75	-0.6	0.28	0.28	-0.69	0.58	-0.62
Total Operating Expenses	0.92	0.94	-0.26	-0.26	0.72		-0.3	-0.48	0.16	0.9	-0.11	0.87	0.89	0.77	-0.69	0.91	-0.42	-0.35	0.17	-0.81	0.72	-0.93
Income Before Tax	-0.35	-0.38	0.45	0.96	0.28	-0.3		0.97	0.67	-0.46	0.31	-0.4	-0.32	-0.01	0.86	-0.4	-0.08	0.69	0.21	0.43	-0.5	0.24
Net Income	-0.54	-0.58	0.36	0.91	0.06	-0.48	0.97		0.48	-0.64	0.3	-0.6	-0.53	-0.24	0.92	-0.6	0.1	0.6	0.15	0.6	-0.66	0.38
Income Tax Expense	0.23	0.23	0.68	0.7	0.68	0.16	0.67	0.48		0.13	0.21	0.29	0.31	0.59	0.42	0.23	-0.59	0.79	0.26	-0.13	0.18	0.01
Depreciation And Amortization	0.98	0.97	-0.06	-0.42	0.7	0.9	-0.46	-0.64	0.13		-0.3	0.94	0.96	0.85	-0.76	0.97	-0.44	-0.28	-0.02	-0.97	0.89	-0.77
Total Other Income Expense Net	-0.27	-0.2	0.23	0.16	-0.18	-0.11	0.31	0.3	0.21	-0.3		-0.15	-0.21	-0.14	0.24	-0.22	-0.21	0.21	0.16	0.38	-0.28	0.07
Selling General Administrative	0.95	0.97	0.12	-0.32	0.72	0.87	-0.4	-0.6	0.29	0.94	-0.15		0.98	0.9	-0.68	0.98	-0.63	-0.09	0.16	-0.9	0.88	-0.7
Total Revenue	0.98	0.99	0.12	-0.24	0.8	0.89	-0.32	-0.53	0.31	0.96	-0.21	0.98		0.94	-0.64	1.0	-0.62	-0.09	0.19	-0.92	0.88	-0.74
Gross Profit	0.89	0.89	0.38	0.07	0.92	0.77	-0.01	-0.24	0.59	0.85	-0.14	0.9	0.94		-0.36	0.9	-0.69	0.22	0.22	-0.82	0.78	-0.61
Net Income From Continuing Ops	-0.67	-0.7	0.45	0.84	-0.12	-0.69	0.86	0.92	0.42	-0.76	0.24	-0.68	-0.64	-0.36		-0.7	0.04	0.72	0.14	0.7	-0.7	0.61
Cost Of Revenue	0.98	1.0	0.04	-0.31	0.75	0.91	-0.4	-0.6	0.23	0.97	-0.22	0.98	1.0	0.9	-0.7		-0.58	-0.17	0.18	-0.92	0.89	-0.76
Non Recurring	-0.52	-0.56	-0.49	-0.19	-0.6	-0.42	-0.08	0.1	-0.59	-0.44	-0.21	-0.63	-0.62	-0.69	0.04	-0.58		-0.51	-0.59	0.38	-0.49	0.28
Tax Provision	-0.2	-0.21	0.81	0.73	0.28	-0.35	0.69	0.6	0.79	-0.28	0.21	-0.09	-0.09	0.22	0.72	-0.17	-0.51		0.22	0.25	-0.18	0.42
Interest Income	0.09	0.18	0.19	0.38	0.28	0.17	0.21	0.15	0.26	-0.02	0.16	0.16	0.19	0.22	0.14	0.18	-0.59	0.22		0.12	0.02	-0.15
Net Interest Income	-0.96	-0.91	-0.01	0.38	-0.69	-0.81	0.43	0.6	-0.13	-0.97	0.38	-0.9	-0.92	-0.82	0.7	-0.92	0.38	0.25	0.12		-0.91	0.67
Reconciled Depreciation	0.88	0.87	0.11	-0.43	0.58	0.72	-0.5	-0.66	0.18	0.89	-0.28	0.88	0.88	0.78	-0.7	0.89	-0.49	-0.18	0.02	-0.91		-0.46
Selling And Marketing Expenses	-0.8	-0.81	0.39	0.22	-0.62	-0.93	0.24	0.38	0.01	-0.77	0.07	-0.7	-0.74	-0.61	0.61	-0.76	0.28	0.42	-0.15	0.67	-0.46

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Fortuna Silver Account Relationship Matchups

Fortuna Silver income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	1.4M	2.3M	14.0M	13.7M	22.2M	23.3M
Other Operating Expenses	205.1M	204.7M	441.4M	597.4M	842.8M	885.0M
Operating Income	53.3M	57.2M	136.9M	85.7M	(407K)	(386.7K)
Ebit	99.1M	58.0M	152.8M	(109.1M)	11.1M	10.5M
Ebitda	99.3M	106.6M	277.8M	59.2M	230.8M	242.3M
Total Operating Expenses	32.5M	36.0M	47.0M	62.7M	190.4M	200.0M
Income Before Tax	44.0M	59.0M	107.2M	(125.1M)	(11.1M)	(10.5M)
Net Income	23.8M	21.6M	57.9M	(135.9M)	(50.8M)	(48.3M)
Income Tax Expense	20.2M	37.4M	47.8M	10.8M	32.6M	16.4M
Depreciation And Amortization	171.9K	48.6M	125.0M	168.2M	219.7M	230.7M
Total Other Income Expense Net	(9.3M)	1.7M	(29.7M)	(11.6M)	(10.6M)	(10.1M)
Selling General Administrative	29.8M	35.1M	45.4M	61.5M	64.1M	67.3M
Total Revenue	257.2M	279.0M	599.9M	681.5M	842.4M	884.5M
Gross Profit	84.6M	110.2M	205.5M	146.8M	190.0M	199.5M
Net Income From Continuing Ops	23.8M	21.6M	59.4M	(135.9M)	(114.2M)	(108.5M)
Cost Of Revenue	172.6M	168.7M	394.4M	534.7M	652.4M	685.0M
Net Income Applicable To Common Shares	23.8M	21.6M	57.9M	(128.1M)	(115.3M)	(109.6M)
Tax Provision	20.2M	37.4M	47.8M	10.8M	225K	213.8K
Interest Income	10.8M	1.2M	1.8M	1.9M	3.7M	4.1M
Net Interest Income	(24K)	(1.4M)	(12.3M)	(12.1M)	(15.0M)	(14.3M)
Reconciled Depreciation	46.0M	45.4M	122.3M	172.8M	192.6M	104.7M

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When determining whether Fortuna Silver Mines is a strong investment it is important to analyze Fortuna Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortuna Silver's future performance. For an informed investment choice regarding Fortuna Stock, refer to the following important reports:

How To Invest In Fortuna

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Is Fortuna Stock a good investment?

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What is Fortuna Silver's Net Worth?

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Largest Metals & Mining Companies

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Largest Materials Companies

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You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortuna Silver. If investors know Fortuna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortuna Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.778

Earnings Share

0.07

Revenue Per Share

3.329

Quarterly Revenue Growth

0.131

Return On Assets

0.0404

The market value of Fortuna Silver Mines is measured differently than its book value, which is the value of Fortuna that is recorded on the company's balance sheet. Investors also form their own opinion of Fortuna Silver's value that differs from its market value or its book value, called intrinsic value, which is Fortuna Silver's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortuna Silver's market value can be influenced by many factors that don't directly affect Fortuna Silver's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Fortuna Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortuna Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortuna Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Fortuna Historical Income Statement

About Fortuna Income Statement Analysis

Fortuna Silver Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Fortuna Silver income statement Correlations

Fortuna Silver Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortuna Silver income statement Accounts

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Cost Of Revenue	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 1.0	Total Revenue
Total Revenue	+ 0.99	Other Operating Expenses
Other Operating Expenses	+ 0.98	Interest Expense
Depreciation And Amortization	+ 0.98	Interest Expense
Total Revenue	+ 0.98	Interest Expense

Net Interest Income	- 0.97	Depreciation And Amortization
Net Interest Income	- 0.96	Interest Expense
Selling And Marketing Expenses	- 0.93	Total Operating Expenses
Net Interest Income	- 0.92	Cost Of Revenue
Net Interest Income	- 0.92	Total Revenue
Reconciled Depreciation	- 0.91	Net Interest Income