Also trades as FRES.L.

FRES.MX

Strong BuyUnloved QualityAI neutral

Fresnillo plc · Basic Materials · Mexico · $29.5B

MXN 643.50 -4.0% · close 6 Oct · scored 7 Oct

StockRank down 1.0 since 6 Oct: Momentum down 3 after a 4% price fall.

Unloved Quality: Strong and cheap; the market has not turned yet.

94
StockRank
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Quality
91
Value
59
Momentum
47

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
11.8x
peers 21.7x
ROE
53.0%
peers 5.8%
D/E
0.2x
peers 0.4x
Dividend %
4.1%
trailing yield
AI CONVICTION THESIS

Fresnillo is the world's largest primary silver producer, with a large gold business, mines in Mexico and a strong net cash balance sheet. High silver and gold prices have lifted margins and cash flow, which is why its quality metrics screen well. Its results, however, move with metal prices it does not control, it has a history of grade and cost disappointments at individual mines, and it is changing its finance director. With gold and silver pausing as yields and the dollar rise, the near-term driver is the metal price rather than anything the company does.

ABOUT FRESNILLO PLC

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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.

FINANCIAL SUMMARY (MXN)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue44.0B48.9B63.2B82.4B23.3%108.6B112.7B115.8B18.5%
EPS (MXN)6.675.733.4533.9472.0%56.49———
Shares736.9M736.9M736.9M736.9M0.0%736.9M———
Debt23.1B17.1B15.4B15.4B-12.7%15.4B———
Equity66.6B68.2B69.7B83.7B7.9%————
Op CF9.1B7.7B23.5B41.4B65.8%49.6B———
Inv CF-9.3B-6.7B-8.4B1.2B—————
Fin CF-4.6B-9.0B-4.5B-14.5B—————
Loading 1Y...
PRICE (1Y) · MXN-5.4%
64466769171473824 Aug15 Sep6 Oct
SMA 50SMA 200

Price checkExperimental
SwingsBumpy

Swung more than 67% of stocks we rank over the past year (52% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
MXN 643.50
RSI (14)
17.3
52-Week Range-42.5% from high
Low MXN 549.60High MXN 1,119.19

SCORE BREAKDOWN

Quality
91
ROIC
33.8%96.7
ROE
53.0%98.5
GP/Assets
54.9%96.8
Op. Margin
63.0%97.8
FCF/Assets
26.0%97.8
Piotroski
893.1
Int. Cover
34.0x79.4
D/E Ratio
0.15x54.7
Current Ratio
6.35x83.9
Value
59
P/E (TTM)
11.8x73.8
EV/EBITDA
6.7x74.7
P/FCF
15.6x64.5
P/B
5.9x14.5
P/S
4.5x24.5
Div Yield
4.1%81.8
Momentum
47
52W High %
57%32.1
RS 6M
-9%53.4
SMA 50/200
0.86x20.9
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—N/A
Q Growth
228%83.6

FUNDAMENTALS

Market Cap
$29.5B
P/E (Forward)
—
Gross Margin
66.5%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of FRES.MX are excluded.

TickerCompanyMkt CapStockRankSignal
FRES.MXFresnillo plc(you)$29.5B94Strong Buy
PE&OLES.MXIndustrias Peñoles, S.A.B. de C.V.$20.6B95Strong Buy
GMEXICOB.MXGrupo México, S.A.B. de C.V.$98.8B96Strong Buy
CEMEXCPO.MXCEMEX, S.A.B. de C.V.$14.2B72Buy
SINDSinda Ltd.$2.3B9Strong Sell
MFRISCOA-1.MXMinera Frisco, S.A.B. de C.V.$7.0B84Strong Buy
CMOCTEZ.MXCorporación Moctezuma, S.A.B. de C.V.$4.1B97Strong Buy
ICHB.MXIndustrias CH, S. A. B. de C. V.$4.1B77Buy
SIMECB.MXGrupo Simec, S.A.B. de C.V.$4.8B72Buy
ALPEKA.MXALPEK, S.A.B. de C.V.$1.8B88Strong Buy

Peer medians: ROE 5.8% · P/E 21.7x · Gross margin 33.0%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Fresnillo plc (FRES.MX): Stock Score Summary

Fresnillo plc (FRES.MX) has a MoatMap StockRank of 94/100 based on Quality (91/100), Value (59/100), and Momentum (47/100) factor scores. The current signal is STRONG BUY. Fresnillo is the world's largest primary silver producer, with a large gold business, mines in Mexico and a strong net cash balance sheet. High silver and gold prices have lifted margins and cash flow, which is why its quality metrics screen well. Its results, however, move with metal prices it does not control, it has a history of grade and cost disappointments at individual mines, and it is changing its finance director. With gold and silver pausing as yields and the dollar rise, the near-term driver is the metal price rather than anything the company does.

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.

Key Financial Metrics

PriceMXN 643.50
Market Cap$29.5B
P/E (TTM)11.78
Price/Book5.86
Return on Equity53.0%
Return on Invested Capital33.8%
Debt/Equity0.15x
Gross Margin66.5%
Operating Margin63.0%
Revenue Growth74.7%
Dividend Yield4.1%
Free Cash Flow$1.9B

Fresnillo plc operates in the Other Precious Metals & Mining industry, part of the Basic Materials sector (Mexico).

Frequently Asked Questions

What is Fresnillo plc’s (FRES.MX) StockRank?
MoatMap’s StockRank for Fresnillo plc (FRES.MX) is 94/100, with a Strong Buy signal. It is a composite of Quality (91), Value (59), and Momentum (47) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Fresnillo plc have an economic moat?
Fresnillo plc (FRES.MX) has a Quality factor score of 91/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Fresnillo plc a buy, hold, or sell?
MoatMap’s current signal for Fresnillo plc (FRES.MX) is Strong Buy, based on a StockRank of 94/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Fresnillo plc in?
Fresnillo plc (FRES.MX) operates in the Basic Materials sector, specifically the Other Precious Metals & Mining industry (Mexico).