Fortuna Historical Income Statement

FSM Stock  USD 3.62  0.15  4.32%   
Historical analysis of Fortuna Silver income statement accounts such as Operating Income of 132.3 M or Ebit of 132.3 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.
 
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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.
  
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 tightly coupled 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

Fortuna Silver Mines Income Statement is one of the three primary financial statements used for reporting Fortuna's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fortuna Silver Mines revenue and expense. Fortuna Silver Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Fortuna Silver's Income Tax Expense is very stable compared to the past year. As of the 28th of March 2024, Depreciation And Amortization is likely to grow to about 238.1 M, though Net Loss is likely to grow to (49.2 M).

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 tightly coupled with the direction of predictive economic indicators such as signals in state.
At this time, Fortuna Silver's Income Tax Expense is very stable compared to the past year. As of the 28th of March 2024, Depreciation And Amortization is likely to grow to about 238.1 M, though Net Loss is likely to grow to (49.2 M).
 2021 2022 2023 2024 (projected)
Other Operating Expenses441.4M597.4M732.7M769.3M
Interest Expense14.0M13.7M22.9M24.0M

Fortuna Silver income statement Correlations

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0.980.80.870.980.96-0.39-0.590.441.0-0.850.981.00.9-0.691.0-0.58-0.160.11-0.920.88
0.780.80.970.890.810.16-0.070.80.81-0.450.80.840.95-0.210.79-0.730.310.26-0.690.67
0.860.870.970.940.870.08-0.150.780.87-0.540.850.90.99-0.290.86-0.670.240.23-0.770.73
0.970.980.890.940.94-0.22-0.440.580.98-0.750.960.990.96-0.560.98-0.64-0.010.14-0.90.86
0.890.960.810.870.94-0.33-0.550.530.94-0.810.980.950.91-0.610.94-0.61-0.020.14-0.840.84
-0.35-0.390.160.08-0.22-0.330.970.59-0.370.8-0.4-0.32-0.010.86-0.4-0.080.690.230.43-0.5
-0.54-0.59-0.07-0.15-0.44-0.550.970.37-0.570.91-0.6-0.53-0.240.92-0.60.10.60.180.6-0.66
0.430.440.80.780.580.530.590.370.450.030.470.50.740.260.42-0.640.670.27-0.290.25
0.991.00.810.870.980.94-0.37-0.570.45-0.830.971.00.91-0.681.0-0.59-0.150.09-0.930.89
-0.8-0.85-0.45-0.54-0.75-0.810.80.910.03-0.83-0.85-0.82-0.60.9-0.850.340.430.060.83-0.88
0.930.980.80.850.960.98-0.4-0.60.470.97-0.850.970.9-0.660.97-0.64-0.070.1-0.890.88
0.981.00.840.90.990.95-0.32-0.530.51.0-0.820.970.93-0.641.0-0.61-0.10.12-0.920.88
0.890.90.950.990.960.91-0.01-0.240.740.91-0.60.90.93-0.350.89-0.690.220.17-0.820.78
-0.68-0.69-0.21-0.29-0.56-0.610.860.920.26-0.680.9-0.66-0.64-0.35-0.70.040.720.20.7-0.7
0.981.00.790.860.980.94-0.4-0.60.421.0-0.850.971.00.89-0.7-0.58-0.180.11-0.920.89
-0.51-0.58-0.73-0.67-0.64-0.61-0.080.1-0.64-0.590.34-0.64-0.61-0.690.04-0.58-0.51-0.560.38-0.49
-0.2-0.160.310.24-0.01-0.020.690.60.67-0.150.43-0.07-0.10.220.72-0.18-0.510.260.25-0.18
0.020.110.260.230.140.140.230.180.270.090.060.10.120.170.20.11-0.560.260.18-0.06
-0.95-0.92-0.69-0.77-0.9-0.840.430.6-0.29-0.930.83-0.89-0.92-0.820.7-0.920.380.250.18-0.91
0.870.880.670.730.860.84-0.5-0.660.250.89-0.880.880.880.78-0.70.89-0.49-0.18-0.06-0.91
Click cells to compare fundamentals

Fortuna Silver Account Relationship Matchups

Fortuna Silver income statement Accounts

201920202021202220232024 (projected)
Interest Expense1.4M2.3M14.0M13.7M22.9M24.0M
Other Operating Expenses205.1M204.7M441.4M597.4M732.7M769.3M
Operating Income53.3M57.2M136.9M85.7M126.0M132.3M
Ebit53.3M57.2M136.9M85.7M126.0M132.3M
Ebitda99.3M120.4M277.8M258.5M352.7M370.3M
Total Operating Expenses32.5M36.0M47.0M62.7M61.7M64.8M
Income Before Tax44.0M59.0M107.2M(125.1M)(11.3M)(10.7M)
Net Income23.8M21.6M57.9M(135.9M)(51.8M)(49.2M)
Income Tax Expense20.2M37.4M47.8M10.8M33.2M34.8M
Depreciation And Amortization46.0M63.2M140.9M172.8M226.8M238.1M
Total Other Income Expense Net(9.3M)1.7M(29.7M)(210.8M)(137.2M)(130.3M)
Selling General Administrative29.8M35.1M45.4M61.5M60.8M63.9M
Total Revenue257.2M279.0M599.9M681.5M858.6M901.5M
Gross Profit84.6M110.2M205.5M146.8M187.7M197.1M
Net Income From Continuing Ops23.8M21.6M59.4M(135.9M)(114.2M)(108.5M)
Cost Of Revenue172.6M168.7M394.4M534.7M670.9M704.5M
Net Income Applicable To Common Shares23.8M21.6M57.9M(128.1M)(115.3M)(109.6M)
Tax Provision20.2M37.4M47.8M10.8M225K213.8K
Interest Income10.8M1.2M1.8M1.9M2.1M4.1M
Net Interest Income(24K)(1.4M)(12.3M)(12.1M)(15.0M)(14.3M)
Reconciled Depreciation46.0M45.4M122.3M172.8M192.6M104.7M

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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:
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 tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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Is Fortuna Silver's industry 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
0.254
Earnings Share
(0.38)
Revenue Per Share
2.855
Quarterly Revenue Growth
0.611
Return On Assets
0.0139
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.