Fresnillo plc (FRES) Fair Value & Analysis
Basic Materials · MX · Market cap 427B MXN
Fair value as of: Aug 13, 2026
From 26 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 558.30 MXN to 544.18 MXN (−2.5%) since Jul 19, 2026. Share price −22.7% over the past month.
A strong business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 408.18 MXN (bear) to 721.43 MXN (bull), base 544.18 MXN. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 86/100 (high quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 87.59 MXN – 1,054 MXN · fair‑value band 408.18 MXN – 721.43 MXN · the 579.75 MXN price screens above the 544.18 MXN fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Fresnillo plc (FRES) currently trades at 579.75 MXN, while our model-based Fair Value estimate is 544.18 MXN, implying the stock looks roughly 6.1% fairly valued today. The Quality Score stands at 86/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Fresnillo plc generated revenue of 4.6B MXN at a net margin of 30.3%. Revenue grew 30.7% year over year. It earns a return on equity of 33.9%. Net debt stands at 400M MXN. Fundamentals as of Aug 13, 2026
Our scenario range runs from 408.18 MXN (bear case) to 721.43 MXN (bull case); at 579.75 MXN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 94% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -45% fair-value upside, at -6%, FRES screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (49.73 MXN) versus Asset-Based (4.21 MXN). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 83 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates.
Full company description
Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito mine situated in the state of Zacatecas; Ciénega mine located in the state of Durango; Herradura mine located in the state of Sonora; Noche Buena mine located in the state of Sonora; San Julián mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas. The company also leases mining equipment; produces lead, silver and zinc concentrates and silver precipitates; produces gold/silver doré bars; mines projects; and provides exploration and administrative services. Fresnillo plc was founded in 1887 and is headquartered in Mexico City, Mexico. Fresnillo plc is a subsidiary of Industrias Peñoles, S.A.B. de C.V.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fresnillo plc reported revenue of 4.6B MXN in FY2025 versus 2.7B MXN in FY2021, a compound +14.0%/yr. Reported net income was 1.4B MXN in FY2025, compounding +34.6%/yr from FY2021.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Fresnillo PLC (FNLPF) (Q2 2026) Earnings Call Highlights: Record Financial Performance and ...
- Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hecla Mining Company HL | $17.76 | $8.15 | -54% |
| Compañía de Minas Buenaventura S.A. BVN | $34.60 | $29.53 | -15% |
| Sibanye Stillwater Limited SBSW | $10.71 | $19.44 | +82% |
| China Gold International Resources Corp CGG | C$35.90 | C$18.48 | -49% |
| Artemis Gold Inc ARTG | C$39.91 | C$21.85 | -45% |
| Triple Flag Precious Metals Corp TFPM | $32.25 | $16.03 | -50% |
| Zhaojin International Gold Co 000506 | ¥19.06 | ¥2.84 | -85% |
| Sino-Platinum Metals Co 600459 | ¥21.71 | ¥13.23 | -39% |
| Perpetua Resources Corp PPTA | C$35.18 | C$5.85 | -83% |
| Al Masane Al Kobra Mining Company 1322 | 84.45 SAR | 53.08 SAR | -37% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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