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FSY.TO (FSY) Fair Value & Analysis

Basic Materials · CA · Market cap C$142M (≈ $103M) · ISIN CA34660G1046

What is FSY.TO really worth?

FT FSY.TO FSY · TO
Price from Aug 26, 2026C$0.6000
Fair ValueC$0.0595
Upside−90.1%
Quality31/100

Below-average quality, and trading another 908% above our fair value of C$0.0595.

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Risks

!Weak Growth (revenue YoY −56.5 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
!Trails peers (3/8)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range C$0.0425 – C$0.0765

Fair value as of: Aug 28, 2026

From 1 valuation models · updated 5 days ago

Share price +42.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (C$0.0765). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

C$1.25 C$0.2600 Fair Value C$0.0595 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range C$0.2600 – C$1.25 · fair‑value band C$0.0425 – C$0.0765 · the C$0.6000 price screens above the C$0.0595 fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

FSY.TO (FSY) currently trades at C$0.6000, while our model-based Fair Value estimate is C$0.0595, implying the stock looks roughly 908.1% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.

It earns a return on equity of −6.4%. The balance sheet holds a net cash position of C$18.7M. Fundamentals as of Aug 28, 2026

Our scenario range runs from C$0.0425 (bear case) to C$0.0765 (bull case); at C$0.6000, the current price sits above 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 23% below its 52-week high and 131% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at −90%, FSY screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) best evidence C$0.0900 C$0.1200 C$0.1800 51
All 1 models by family
Asset-Based
NCAV (Graham) best evidence C$0.0900 C$0.1200 C$0.1800 51

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Key figures & financial health

EPS (TTM) C$−0.0100
Return on equity −6.4% TTM
Return on assets (EBIT) −13.0% avg 5y
Free cash flow −C$6.6M FY2025
Net cash C$18.7M FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 40 · Market factors (momentum, volatility) 58

Profitability 1
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 4
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Forsys Metals Corp. together with its subsidiaries, engages in the acquisition, exploration, and development of uranium mineral properties in Africa. Its flagship project is the Norasa uranium project combination of the Valencia uranium project; and the Namibplaas uranium project that covers approximately 1,266 hectares located in the Republic of Namibia.

Full company description

Forsys Metals Corp. together with its subsidiaries, engages in the acquisition, exploration, and development of uranium mineral properties in Africa. Its flagship project is the Norasa uranium project combination of the Valencia uranium project; and the Namibplaas uranium project that covers approximately 1,266 hectares located in the Republic of Namibia. The company was formerly known as Forsys Technologies Inc. and changed its name to Forsys Metals Corp. in June 2005. Forsys Metals Corp. was incorporated in 1985 and is headquartered in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FSY.TO reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$2.0M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2016)
C$11.0K
Latest YoY
−56.5%
Avg. revenue growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−21.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue
FY21 C$0
FY22 C$0
FY23 C$0
FY24 C$0
FY25 C$0
Net income
FY21 −C$3.9M
FY22 C$2.0M
FY23 −C$5.8M
FY24 −C$2.7M
FY25 −C$2.0M

FSY screens 908% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "FSY.TO Fair Value". https://www.fairvalue-calculator.com/stock/FSY

Peer Group

Other Industrial Metals & Mining · 483 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Above median
Fair Value upside −90% · Bottom 25%
Return on assets −4% · Below median
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 2.36× · Pricier than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHP A$66.84 A$42.16 −37%
Vale S.A VALE $15.31 $8.95 −42%
Saudi Arabian Mining Company 1211 65.50 SAR 33.87 SAR −48%
CMOC Group 603993 ¥18.42 ¥16.15 −12%
Teck Resources Limited TECK $69.34 $32.02 −54%
Hindustan Zinc Limited HINDZINC ₹573.00 ₹508.34 −11%
China Tungsten And Hightech Materials Co 000657 ¥66.76 ¥9.55 −86%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 −74%
Western Mining Co 601168 ¥37.85 ¥25.99 −31%
Boliden AB BOL kr 527.80 kr 461.48 −13%

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Frequently asked questions

Is FSY.TO (FSY) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of C$0.0595 versus the last price from Aug 26, 2026 of C$0.6000, about −90% upside (overvalued).
What is the fair value of FSY?
Our model-based fair value for FSY.TO is C$0.0595 (as of Aug 28, 2026), built from audited fundamentals. Last price (from Aug 26, 2026): C$0.6000.
What is the quality score of FSY?
FSY.TO has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of FSY?
The net profit margin of FSY.TO is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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