FIRST QUANTUM MINERALS LTD (FM.CA) Fundamental Analysis & Valuation

TSX:FM • CA3359341052

Current stock price

33.26 CAD
+0.8 (+2.46%)
Last:

This FM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. FM.CA Profitability Analysis

1.1 Basic Checks

  • In the past year FM has reported negative net income.
  • FM had a positive operating cash flow in the past year.
  • In multiple years FM reported negative net income over the last 5 years.
  • FM had a positive operating cash flow in each of the past 5 years.
FM.CA Yearly Net Income VS EBIT VS OCF VS FCFFM.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

1.2 Ratios

  • FM has a Return On Assets of -0.11%. This is amongst the best in the industry. FM outperforms 84.31% of its industry peers.
  • FM has a Return On Equity of -0.25%. This is amongst the best in the industry. FM outperforms 84.56% of its industry peers.
  • With an excellent Return On Invested Capital value of 3.24%, FM belongs to the best of the industry, outperforming 90.16% of the companies in the same industry.
  • FM had an Average Return On Invested Capital over the past 3 years of 3.34%. This is significantly below the industry average of 13.35%.
Industry RankSector Rank
ROA -0.11%
ROE -0.25%
ROIC 3.24%
ROA(3y)-1.37%
ROA(5y)0.66%
ROE(3y)-3.18%
ROE(5y)1.65%
ROIC(3y)3.34%
ROIC(5y)4.71%
FM.CA Yearly ROA, ROE, ROICFM.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5

1.3 Margins

  • The Operating Margin of FM (19.40%) is better than 91.53% of its industry peers.
  • FM's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of FM (27.84%) is better than 89.54% of its industry peers.
  • FM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.4%
PM (TTM) N/A
GM 27.84%
OM growth 3Y-9.76%
OM growth 5Y0.89%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.18%
GM growth 5Y6.09%
FM.CA Yearly Profit, Operating, Gross MarginsFM.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. FM.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FM is destroying value.
  • Compared to 1 year ago, FM has about the same amount of shares outstanding.
  • The number of shares outstanding for FM has been increased compared to 5 years ago.
  • FM has a better debt/assets ratio than last year.
FM.CA Yearly Shares OutstandingFM.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
FM.CA Yearly Total Debt VS Total AssetsFM.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • FM has an Altman-Z score of 1.56. This is a bad value and indicates that FM is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.56, FM is in line with its industry, outperforming 43.59% of the companies in the same industry.
  • FM has a debt to FCF ratio of 7.75. This is a slightly negative value and a sign of low solvency as FM would need 7.75 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 7.75, FM belongs to the top of the industry, outperforming 89.79% of the companies in the same industry.
  • FM has a Debt/Equity ratio of 0.58. This is a neutral value indicating FM is somewhat dependend on debt financing.
  • FM's Debt to Equity ratio of 0.58 is on the low side compared to the rest of the industry. FM is outperformed by 73.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 7.75
Altman-Z 1.56
ROIC/WACC0.27
WACC11.89%
FM.CA Yearly LT Debt VS Equity VS FCFFM.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • FM has a Current Ratio of 1.42. This is a normal value and indicates that FM is financially healthy and should not expect problems in meeting its short term obligations.
  • FM has a Current ratio (1.42) which is in line with its industry peers.
  • FM has a Quick Ratio of 1.42. This is a bad value and indicates that FM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FM has a Quick ratio of 0.86. This is in the lower half of the industry: FM underperforms 64.38% of its industry peers.
Industry RankSector Rank
Current Ratio 1.42
Quick Ratio 0.86
FM.CA Yearly Current Assets VS Current LiabilitesFM.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FM.CA Growth Analysis

3.1 Past

  • The earnings per share for FM have decreased strongly by -206.25% in the last year.
  • FM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -81.38% yearly.
  • Looking at the last year, FM shows a quite strong growth in Revenue. The Revenue has grown by 9.06% in the last year.
  • Measured over the past years, FM shows a small growth in Revenue. The Revenue has been growing by 0.15% on average per year.
EPS 1Y (TTM)-206.25%
EPS 3Y-81.38%
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)9.06%
Revenue growth 3Y-11.77%
Revenue growth 5Y0.15%
Sales Q2Q%17.98%

3.2 Future

  • FM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 184.51% yearly.
  • The Revenue is expected to grow by 12.25% on average over the next years. This is quite good.
EPS Next Y8080.47%
EPS Next 2Y1383.9%
EPS Next 3Y558.78%
EPS Next 5Y184.51%
Revenue Next Year24.52%
Revenue Next 2Y35.32%
Revenue Next 3Y27.26%
Revenue Next 5Y12.25%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FM.CA Yearly Revenue VS EstimatesFM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
FM.CA Yearly EPS VS EstimatesFM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2

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7

4. FM.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for FM. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 11.05, the valuation of FM can be described as very reasonable.
  • FM's Price/Forward Earnings ratio is rather cheap when compared to the industry. FM is cheaper than 92.28% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.75, FM is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 11.05
FM.CA Price Earnings VS Forward Price EarningsFM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FM is valued cheaply inside the industry as 91.03% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FM indicates a rather cheap valuation: FM is cheaper than 95.14% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.47
EV/EBITDA 15.83
FM.CA Per share dataFM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • FM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FM has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as FM's earnings are expected to grow with 558.78% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1383.9%
EPS Next 3Y558.78%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. FM.CA Dividend Analysis

5.1 Amount

  • FM has a Yearly Dividend Yield of 2.78%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.85, FM pays a better dividend. On top of this FM pays more dividend than 98.38% of the companies listed in the same industry.
  • FM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.78%

5.2 History

  • FM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
FM.CA Yearly Dividends per shareFM.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 0.05 0.1 0.15 0.2

5.3 Sustainability

DP0%
EPS Next 2Y1383.9%
EPS Next 3Y558.78%
FM.CA Yearly Income VS Free CF VS DividendFM.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B

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FM.CA Fundamentals: All Metrics, Ratios and Statistics

FIRST QUANTUM MINERALS LTD

TSX:FM (4/30/2026, 7:00:00 PM)

33.26

+0.8 (+2.46%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Industry Strength92.13
Industry Growth19.4
Earnings (Last)04-28
Earnings (Next)N/A
Inst Owners52.47%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap27.75B
Revenue(TTM)5.24B
Net Income(TTM)-28.00M
Analysts76.77
Price Target43.68 (31.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0
Avg EPS beat(2)-105.25%
Min EPS beat(2)-125.48%
Max EPS beat(2)-85.02%
EPS beat(4)2
Avg EPS beat(4)24.57%
Min EPS beat(4)-125.48%
Max EPS beat(4)208.78%
EPS beat(8)5
Avg EPS beat(8)138.11%
EPS beat(12)6
Avg EPS beat(12)76.93%
EPS beat(16)8
Avg EPS beat(16)58.13%
Revenue beat(2)1
Avg Revenue beat(2)-1.53%
Min Revenue beat(2)-8.56%
Max Revenue beat(2)5.51%
Revenue beat(4)3
Avg Revenue beat(4)2.84%
Min Revenue beat(4)-8.56%
Max Revenue beat(4)11.74%
Revenue beat(8)7
Avg Revenue beat(8)6.14%
Revenue beat(12)8
Avg Revenue beat(12)3.21%
Revenue beat(16)9
Avg Revenue beat(16)1.76%
PT rev (1m)1.52%
PT rev (3m)15.22%
EPS NQ rev (1m)-11.75%
EPS NQ rev (3m)-21.52%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-21.92%
Revenue NQ rev (1m)-6.9%
Revenue NQ rev (3m)-10.77%
Revenue NY rev (1m)-1.79%
Revenue NY rev (3m)0.89%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 11.05
P/S 3.87
P/FCF 21.47
P/OCF 9.76
P/B 1.82
P/tB 1.86
EV/EBITDA 15.83
EPS(TTM)-0.23
EYN/A
EPS(NY)3.01
Fwd EY9.05%
FCF(TTM)1.55
FCFY4.66%
OCF(TTM)3.41
OCFY10.25%
SpS8.58
BVpS18.3
TBVpS17.91
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -0.11%
ROE -0.25%
ROCE 4.52%
ROIC 3.24%
ROICexc 3.35%
ROICexgc 3.39%
OM 19.4%
PM (TTM) N/A
GM 27.84%
FCFM 18.04%
ROA(3y)-1.37%
ROA(5y)0.66%
ROE(3y)-3.18%
ROE(5y)1.65%
ROIC(3y)3.34%
ROIC(5y)4.71%
ROICexc(3y)3.48%
ROICexc(5y)5.02%
ROICexgc(3y)3.52%
ROICexgc(5y)5.08%
ROCE(3y)4.66%
ROCE(5y)6.56%
ROICexgc growth 3Y-20.61%
ROICexgc growth 5Y0.13%
ROICexc growth 3Y-20.61%
ROICexc growth 5Y0.14%
OM growth 3Y-9.76%
OM growth 5Y0.89%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.18%
GM growth 5Y6.09%
F-Score4
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 7.75
Debt/EBITDA 3.77
Cap/Depr 157.94%
Cap/Sales 21.65%
Interest Coverage 1.93
Cash Conversion 119.9%
Profit Quality N/A
Current Ratio 1.42
Quick Ratio 0.86
Altman-Z 1.56
F-Score4
WACC11.89%
ROIC/WACC0.27
Cap/Depr(3y)159.02%
Cap/Depr(5y)131.34%
Cap/Sales(3y)22.86%
Cap/Sales(5y)19.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-206.25%
EPS 3Y-81.38%
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y8080.47%
EPS Next 2Y1383.9%
EPS Next 3Y558.78%
EPS Next 5Y184.51%
Revenue 1Y (TTM)9.06%
Revenue growth 3Y-11.77%
Revenue growth 5Y0.15%
Sales Q2Q%17.98%
Revenue Next Year24.52%
Revenue Next 2Y35.32%
Revenue Next 3Y27.26%
Revenue Next 5Y12.25%
EBIT growth 1Y3.67%
EBIT growth 3Y-20.38%
EBIT growth 5Y1.04%
EBIT Next Year159.02%
EBIT Next 3Y76.41%
EBIT Next 5Y36.06%
FCF growth 1Y158.9%
FCF growth 3Y-6.79%
FCF growth 5Y-1.18%
OCF growth 1Y25.92%
OCF growth 3Y-3.78%
OCF growth 5Y5.21%

FIRST QUANTUM MINERALS LTD / FM.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FIRST QUANTUM MINERALS LTD?

ChartMill assigns a fundamental rating of 5 / 10 to FM.CA.


Can you provide the valuation status for FIRST QUANTUM MINERALS LTD?

ChartMill assigns a valuation rating of 7 / 10 to FIRST QUANTUM MINERALS LTD (FM.CA). This can be considered as Undervalued.


Can you provide the profitability details for FIRST QUANTUM MINERALS LTD?

FIRST QUANTUM MINERALS LTD (FM.CA) has a profitability rating of 6 / 10.


What is the financial health of FIRST QUANTUM MINERALS LTD (FM.CA) stock?

The financial health rating of FIRST QUANTUM MINERALS LTD (FM.CA) is 3 / 10.