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Fresnillo plc FRES.L

GB · London Stock Exchange · XLON · stock · Basic Materials · website

Fresnillo plc statistics & valuation

Market cap$21.2B
P / E15.3×
P / S4.6×
P / B4.6×
P / FCF11.2×
Dividend yield3.09%
Net margin30.3%
Return on equity29.9%
FCF margin41.4%
Net cash$1.8B
Enterprise value$26.8B
Earnings yield EBIT/EV11.8%
Return on capital36.1%
Graham number -99.4%$16.30

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($16.30); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.20% 8.60% 4.00% 30.30% 2022202320242025
Gross margin (%)
22.00% 18.60% 35.60% 58.40% 2022202320242025
Operating margin (%)
12.10% 6.10% 26.20% 50.20% 2022202320242025
Return on equity (%)
7.40% 6.20% 3.70% 29.90% 2022202320242025
Shares outstanding
736.9M 736.9M 736.9M 736.9M 2022202320242025
Net debt ($)
$309.6M $414.4M -$257.0M -$1.81B 2022202320242025
Share buybacks ($)
2022202320242025
Return on assets (%)
4.60% 4.10% 2.40% 19.00% 2022202320242025
Free cash flow margin (%)
-3.70% -2.10% 26.60% 41.40% 2022202320242025
Debt / equity (×)
0.35× 0.25× 0.22× 0.18× 2022202320242025
EPS ($)
$0.37 $0.32 $0.19 $1.88 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fresnillo plc trades at about 1529.8× earnings — below its 10-year norm (10-year range 1677×–3644×, median 2226×).

1529.8× 3644×

Shaded band = 10-year range (1677×–3644×); dot = today's 1529.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin58.4%35.6%18.6%22.0%
Operating margin50.2%26.2%6.1%12.1%
Net margin30.3%4.0%8.6%11.2%
FCF margin41.4%26.6%-2.1%-3.7%
Return on assets19.0%2.4%4.1%4.6%
Return on equity29.9%3.7%6.2%7.4%
Debt / equity0.18×0.22×0.23×0.25×
Current ratio4.356.634.142.82

Computed from company filings · GB · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.