FIRST QUANTUM MINERALS LTD (FM.CA) Stock Fundamental Analysis
TSX:FM - Toronto Stock Exchange - CA3359341052 - Common Stock - Currency: CAD
Overall FM gets a fundamental rating of 6 out of 10. We evaluated FM against 797 industry peers in the Metals & Mining industry. FM has an excellent profitability rating, but there are some minor concerns on its financial health. FM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FM had positive earnings in the past year.
In the past year FM had a positive cash flow from operations.
In multiple years FM reported negative net income over the last 5 years.
In the past 5 years FM always reported a positive cash flow from operatings.
1.2 Ratios
FM has a better Return On Assets (0.83%) than 85.70% of its industry peers.
Looking at the Return On Equity, with a value of 1.77%, FM belongs to the top of the industry, outperforming 86.70% of the companies in the same industry.
FM's Return On Invested Capital of 3.79% is amongst the best of the industry. FM outperforms 90.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FM is significantly below the industry average of 11.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.77% | ||
| ROIC | 3.79% |
ROA(3y)0.04%
ROA(5y)0.53%
ROE(3y)0.06%
ROE(5y)1.29%
ROIC(3y)4.33%
ROIC(5y)4.7%
1.3 Margins
FM has a Profit Margin of 4.08%. This is amongst the best in the industry. FM outperforms 90.46% of its industry peers.
FM's Profit Margin has declined in the last couple of years.
FM has a Operating Margin of 24.16%. This is amongst the best in the industry. FM outperforms 93.22% of its industry peers.
FM's Operating Margin has improved in the last couple of years.
The Gross Margin of FM (31.17%) is better than 91.72% of its industry peers.
FM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.16% | ||
| PM (TTM) | 4.08% | ||
| GM | 31.17% |
OM growth 3Y-15.13%
OM growth 5Y4.01%
PM growth 3Y-84.66%
PM growth 5YN/A
GM growth 3Y-7.5%
GM growth 5Y7.67%
2. Health
2.1 Basic Checks
FM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FM has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FM has more shares outstanding
FM has a better debt/assets ratio than last year.
2.2 Solvency
FM has an Altman-Z score of 1.38. This is a bad value and indicates that FM is not financially healthy and even has some risk of bankruptcy.
FM has a Altman-Z score (1.38) which is in line with its industry peers.
FM has a debt to FCF ratio of 13.68. This is a negative value and a sign of low solvency as FM would need 13.68 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.68, FM belongs to the top of the industry, outperforming 89.84% of the companies in the same industry.
FM has a Debt/Equity ratio of 0.63. This is a neutral value indicating FM is somewhat dependend on debt financing.
FM has a Debt to Equity ratio of 0.63. This is in the lower half of the industry: FM underperforms 73.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 13.68 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.44
WACC8.61%
2.3 Liquidity
A Current Ratio of 2.00 indicates that FM has no problem at all paying its short term obligations.
The Current ratio of FM (2.00) is comparable to the rest of the industry.
FM has a Quick Ratio of 1.00. This is a normal value and indicates that FM is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.00, FM perfoms like the industry average, outperforming 45.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 385.71% over the past year.
Measured over the past years, FM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -87.24% on average per year.
The Revenue for FM has decreased by -10.21% in the past year. This is quite bad
FM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.38% yearly.
EPS 1Y (TTM)385.71%
EPS 3Y-87.24%
EPS 5YN/A
EPS Q2Q%200%
Revenue 1Y (TTM)-10.21%
Revenue growth 3Y-12.68%
Revenue growth 5Y3.38%
Sales Q2Q%-0.41%
3.2 Future
Based on estimates for the next years, FM will show a very strong growth in Earnings Per Share. The EPS will grow by 96.84% on average per year.
FM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.38% yearly.
EPS Next Y-162.65%
EPS Next 2Y328.43%
EPS Next 3Y263.15%
EPS Next 5Y96.84%
Revenue Next Year2.92%
Revenue Next 2Y14.19%
Revenue Next 3Y23.59%
Revenue Next 5Y10.38%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 88.00, FM can be considered very expensive at the moment.
Based on the Price/Earnings ratio, FM is valued cheaper than 86.83% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.48. FM is valued rather expensively when compared to this.
FM is valuated quite expensively with a Price/Forward Earnings ratio of 26.43.
FM's Price/Forward Earnings ratio is rather cheap when compared to the industry. FM is cheaper than 87.58% of the companies in the same industry.
FM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88 | ||
| Fwd PE | 26.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FM is valued cheaply inside the industry as 92.22% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, FM is valued cheaply inside the industry as 92.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.75 | ||
| EV/EBITDA | 11.3 |
4.3 Compensation for Growth
The decent profitability rating of FM may justify a higher PE ratio.
A more expensive valuation may be justified as FM's earnings are expected to grow with 263.15% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y328.43%
EPS Next 3Y263.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.78%, FM has a reasonable but not impressive dividend return.
FM's Dividend Yield is rather good when compared to the industry average which is at 16.93. FM pays more dividend than 97.99% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, FM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
5.2 History
FM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y328.43%
EPS Next 3Y263.15%
TSX:FM (8/8/2025, 7:00:00 PM)
23.76
+0.6 (+2.59%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners51.2%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap19.82B
Analysts76.13
Price Target23.5 (-1.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)154.39%
Min EPS beat(2)100%
Max EPS beat(2)208.78%
EPS beat(4)4
Avg EPS beat(4)335.44%
Min EPS beat(4)32.41%
Max EPS beat(4)1000.59%
EPS beat(8)6
Avg EPS beat(8)148.05%
EPS beat(12)7
Avg EPS beat(12)93.74%
EPS beat(16)9
Avg EPS beat(16)71.19%
Revenue beat(2)2
Avg Revenue beat(2)7.21%
Min Revenue beat(2)2.68%
Max Revenue beat(2)11.74%
Revenue beat(4)4
Avg Revenue beat(4)6.82%
Min Revenue beat(4)2.61%
Max Revenue beat(4)11.74%
Revenue beat(8)7
Avg Revenue beat(8)6.06%
Revenue beat(12)7
Avg Revenue beat(12)3.12%
Revenue beat(16)8
Avg Revenue beat(16)1.19%
PT rev (1m)3.55%
PT rev (3m)6.85%
EPS NQ rev (1m)236.47%
EPS NQ rev (3m)2137%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)9.58%
Revenue NQ rev (3m)8.55%
Revenue NY rev (1m)4.57%
Revenue NY rev (3m)6.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88 | ||
| Fwd PE | 26.43 | ||
| P/S | 2.91 | ||
| P/FCF | 25.75 | ||
| P/OCF | 8.17 | ||
| P/B | 1.26 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 11.3 |
EPS(TTM)0.27
EY1.14%
EPS(NY)0.9
Fwd EY3.78%
FCF(TTM)0.92
FCFY3.88%
OCF(TTM)2.91
OCFY12.24%
SpS8.16
BVpS18.79
TBVpS18.4
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.77% | ||
| ROCE | 5.27% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.92% | ||
| ROICexgc | 3.96% | ||
| OM | 24.16% | ||
| PM (TTM) | 4.08% | ||
| GM | 31.17% | ||
| FCFM | 11.31% |
ROA(3y)0.04%
ROA(5y)0.53%
ROE(3y)0.06%
ROE(5y)1.29%
ROIC(3y)4.33%
ROIC(5y)4.7%
ROICexc(3y)4.6%
ROICexc(5y)5.02%
ROICexgc(3y)4.65%
ROICexgc(5y)5.07%
ROCE(3y)6.03%
ROCE(5y)6.54%
ROICexcg growth 3Y-25.91%
ROICexcg growth 5Y7.47%
ROICexc growth 3Y-25.91%
ROICexc growth 5Y7.47%
OM growth 3Y-15.13%
OM growth 5Y4.01%
PM growth 3Y-84.66%
PM growth 5YN/A
GM growth 3Y-7.5%
GM growth 5Y7.67%
F-Score6
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 13.68 | ||
| Debt/EBITDA | 3.85 | ||
| Cap/Depr | 183.01% | ||
| Cap/Sales | 24.36% | ||
| Interest Coverage | 2.12 | ||
| Cash Conversion | 95.2% | ||
| Profit Quality | 277.23% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 1.38 |
F-Score6
WACC8.61%
ROIC/WACC0.44
Cap/Depr(3y)138%
Cap/Depr(5y)109.78%
Cap/Sales(3y)20.74%
Cap/Sales(5y)17.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)385.71%
EPS 3Y-87.24%
EPS 5YN/A
EPS Q2Q%200%
EPS Next Y-162.65%
EPS Next 2Y328.43%
EPS Next 3Y263.15%
EPS Next 5Y96.84%
Revenue 1Y (TTM)-10.21%
Revenue growth 3Y-12.68%
Revenue growth 5Y3.38%
Sales Q2Q%-0.41%
Revenue Next Year2.92%
Revenue Next 2Y14.19%
Revenue Next 3Y23.59%
Revenue Next 5Y10.38%
EBIT growth 1Y32.15%
EBIT growth 3Y-25.89%
EBIT growth 5Y7.52%
EBIT Next Year102.89%
EBIT Next 3Y78.29%
EBIT Next 5Y33.27%
FCF growth 1Y-3.95%
FCF growth 3Y-42.2%
FCF growth 5YN/A
OCF growth 1Y-0.9%
OCF growth 3Y-16.98%
OCF growth 5Y13.18%