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Fresnillo plcLSE:FRES Stock Report

Market Cap UK£16.5b
Share Price
UK£21.86
My Fair Value
UK£14.56
50.2% overvalued intrinsic discount
1Y288.3%
7D0.6%
Portfolio Value
​
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Fresnillo plc

LSE:FRES Stock Report

Market Cap: UK£16.5b

Fresnillo (FRES) Stock Overview

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. More details

FRES fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Earnings are forecast to grow 22.75% per year

Earnings grew by 84% over the past year

Risk Analysis

No risks detected for FRES from our risk checks.

FRES Community Fair Values

Create Narrative

See what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Fresnillo

Rising Costs And Delays Will Hamper Orisyvo And Guanajuato Sur

Key Takeaways Persistent permitting delays, rising costs, and regulatory hurdles threaten project delivery, compress margins, and delay growth across Fresnillo's mine portfolio. Weakening ore grades, declining metal demand, and political risks undermine profitability, placing long-term pressure on revenues and future shareholder returns.
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UK£9.33
FV
134.2% overvalued intrinsic discount
-4.96%
Revenue growth p.a.
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1users have followed this narrative
14 days ago author updated this narrative
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Fresnillo

Exploration Efforts At Ciénega And San Julian Will Extend Mine Life

Key Takeaways Operational discipline and infrastructure improvements are set to enhance production efficiency, lower costs, and potentially boost future net margins and earnings. Exploration success and strategic planning are anticipated to expand resource bases and stabilize production, supporting consistent revenue and earnings growth.
View narrative
UK£14.56
FV
50.2% overvalued intrinsic discount
-0.79%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
14users have followed this narrative
Updated narrative
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Fresnillo

Rising Silver And Renewable Energy Demand Will Unlock New Horizons

Key Takeaways Strong cost controls and rapid project development could drive higher margins, profits, and faster output growth than market expectations. Leadership in silver and gold, ESG advancements, and financial discipline position Fresnillo for premium valuation and robust shareholder returns.
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UK£20.84
FV
4.9% overvalued intrinsic discount
5.71%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
7 days ago author updated this narrative
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Fresnillo

If silver reaches $100 per oz

To calculate the potential stock price of Fresnillo if silver reaches $100 per oz, we can follow these steps: ### Assumptions and Inputs 1. Annual Silver Production: 55 million oz (projected for 2025).
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UK£35
FV
37.5% undervalued intrinsic discount
46.11%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
12 months ago author updated this narrative
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Fresnillo plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Fresnillo
Historical stock prices
Current Share PriceUK£21.86
52 Week HighUK£23.22
52 Week LowUK£5.62
Beta0.29
1 Month Change28.89%
3 Month Change53.30%
1 Year Change288.28%
3 Year Change192.48%
5 Year Change81.49%
Change since IPO320.38%

Recent News & Updates

After Leaping 26% Fresnillo plc (LON:FRES) Shares Are Not Flying Under The Radar

Aug 28
After Leaping 26% Fresnillo plc (LON:FRES) Shares Are Not Flying Under The Radar

Recent updates

After Leaping 26% Fresnillo plc (LON:FRES) Shares Are Not Flying Under The Radar

Aug 28
After Leaping 26% Fresnillo plc (LON:FRES) Shares Are Not Flying Under The Radar

If EPS Growth Is Important To You, Fresnillo (LON:FRES) Presents An Opportunity

Aug 06
If EPS Growth Is Important To You, Fresnillo (LON:FRES) Presents An Opportunity

There's Reason For Concern Over Fresnillo plc's (LON:FRES) Massive 37% Price Jump

Jun 20
There's Reason For Concern Over Fresnillo plc's (LON:FRES) Massive 37% Price Jump

There Could Be A Chance Fresnillo plc's (LON:FRES) CEO Will Have Their Compensation Increased

May 13
There Could Be A Chance Fresnillo plc's (LON:FRES) CEO Will Have Their Compensation Increased

Some May Be Optimistic About Fresnillo's (LON:FRES) Earnings

Apr 17
Some May Be Optimistic About Fresnillo's (LON:FRES) Earnings

Returns At Fresnillo (LON:FRES) Are On The Way Up

Apr 15
Returns At Fresnillo (LON:FRES) Are On The Way Up

Fresnillo plc (LON:FRES) Looks Just Right With A 28% Price Jump

Mar 28
Fresnillo plc (LON:FRES) Looks Just Right With A 28% Price Jump

Fresnillo (LON:FRES) Has A Rock Solid Balance Sheet

Mar 24
Fresnillo (LON:FRES) Has A Rock Solid Balance Sheet
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Exploration Efforts At Ciénega And San Julian Will Extend Mine Life

Operational discipline and infrastructure improvements are set to enhance production efficiency, lower costs, and potentially boost future net margins and earnings.

Estimating The Fair Value Of Fresnillo plc (LON:FRES)

Mar 05
Estimating The Fair Value Of Fresnillo plc (LON:FRES)

Shareholders Should Be Pleased With Fresnillo plc's (LON:FRES) Price

Jan 25
Shareholders Should Be Pleased With Fresnillo plc's (LON:FRES) Price

Is Fresnillo (LON:FRES) A Risky Investment?

Dec 02
Is Fresnillo (LON:FRES) A Risky Investment?

A Look At The Fair Value Of Fresnillo plc (LON:FRES)

Nov 14
A Look At The Fair Value Of Fresnillo plc (LON:FRES)

Fresnillo's (LON:FRES) Returns On Capital Are Heading Higher

Oct 27
Fresnillo's (LON:FRES) Returns On Capital Are Heading Higher

Market Participants Recognise Fresnillo plc's (LON:FRES) Earnings Pushing Shares 25% Higher

Oct 05
Market Participants Recognise Fresnillo plc's (LON:FRES) Earnings Pushing Shares 25% Higher

Shareholder Returns

FRESGB Metals and MiningGB Market
7D0.6%2.2%-0.5%
1Y288.3%6.6%9.5%

Return vs Industry: FRES exceeded the UK Metals and Mining industry which returned 6.6% over the past year.

Return vs Market: FRES exceeded the UK Market which returned 9.5% over the past year.

Price Volatility

Is FRES's price volatile compared to industry and market?
FRES volatility
FRES Average Weekly Movement5.7%
Metals and Mining Industry Average Movement8.6%
Market Average Movement4.7%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: FRES has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: FRES's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18877,129Octavio Alvidrezwww.fresnilloplc.com

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.

Fresnillo plc Fundamentals Summary

How do Fresnillo's earnings and revenue compare to its market cap?
FRES fundamental statistics
Market capUK£16.52b
Earnings (TTM)UK£334.25m
Revenue (TTM)UK£2.89b
48.2x
P/E Ratio
5.6x
P/S Ratio

Is FRES overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRES income statement (TTM)
RevenueUS$3.94b
Cost of RevenueUS$2.07b
Gross ProfitUS$1.87b
Other ExpensesUS$1.42b
EarningsUS$456.05m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.62
Gross Margin47.49%
Net Profit Margin11.56%
Debt/Equity Ratio20.2%

How did FRES perform over the long term?

See historical performance and comparison

Dividends

1.1%
Current Dividend Yield
76%
Payout Ratio

Does FRES pay a reliable dividends?

See FRES dividend history and benchmarks
When do you need to buy FRES by to receive an upcoming dividend?
Fresnillo dividend dates
Ex Dividend DateAug 14 2025
Dividend Pay DateSep 17 2025
Days until Ex dividend35 days
Days until Dividend pay date1 day

Does FRES pay a reliable dividends?

See FRES dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/17 17:23
End of Day Share Price 2025/09/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fresnillo plc is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David Simon ButlerBarclays
Amos FletcherBarclays
Richard HatchBerenberg