FIRST QUANTUM MINERALS LTD (FM.CA) Stock Fundamental Analysis
Canada - TSX:FM - CA3359341052 - Common Stock
26.74 CAD
+0.42 (+1.6%)
Taking everything into account, FM scores 6 out of 10 in our fundamental rating. FM was compared to 807 industry peers in the Metals & Mining industry. While FM belongs to the best of the industry regarding profitability, 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
In the past year FM was profitable.
FM had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 0.83%, FM belongs to the best of the industry, outperforming 86.25% of the companies in the same industry.
FM has a Return On Equity of 1.77%. This is amongst the best in the industry. FM outperforms 87.11% of its industry peers.
With an excellent Return On Invested Capital value of 3.79%, FM belongs to the best of the industry, outperforming 90.83% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FM is significantly below the industry average of 11.74%.
| 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's Profit Margin of 4.08% is amongst the best of the industry. FM outperforms 90.33% of its industry peers.
In the last couple of years the Profit Margin of FM has declined.
FM's Operating Margin of 24.16% is amongst the best of the industry. FM outperforms 93.18% of its industry peers.
In the last couple of years the Operating Margin of FM has grown nicely.
FM has a better Gross Margin (31.17%) than 91.20% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FM is destroying value.
Compared to 1 year ago, FM has more shares outstanding
FM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FM has an improved debt to assets ratio.
2.2 Solvency
FM has an Altman-Z score of 1.48. This is a bad value and indicates that FM is not financially healthy and even has some risk of bankruptcy.
FM's Altman-Z score of 1.48 is in line compared to the rest of the industry. FM outperforms 48.58% of 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.
With an excellent Debt to FCF ratio value of 13.68, FM belongs to the best of the industry, outperforming 89.72% 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 worse Debt to Equity ratio (0.63) than 73.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 13.68 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.43
WACC8.91%
2.3 Liquidity
FM has a Current Ratio of 2.00. This indicates that FM is financially healthy and has no problem in meeting its short term obligations.
FM's Current ratio of 2.00 is in line compared to the rest of the industry. FM outperforms 54.89% of its industry peers.
A Quick Ratio of 1.00 indicates that FM should not have too much problems paying its short term obligations.
The Quick ratio of FM (1.00) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
FM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 385.71%, which is quite impressive.
FM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -87.24% yearly.
Looking at the last year, FM shows a very negative growth in Revenue. The Revenue has decreased by -10.21% in the last year.
The Revenue has been growing slightly by 3.38% on average over the past years.
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
The Earnings Per Share is expected to grow by 116.28% on average over the next years. This is a very strong growth
Based on estimates for the next years, FM will show a quite strong growth in Revenue. The Revenue will grow by 13.17% on average per year.
EPS Next Y378.56%
EPS Next 2Y333.61%
EPS Next 3Y262.96%
EPS Next 5Y116.28%
Revenue Next Year7.87%
Revenue Next 2Y14.74%
Revenue Next 3Y24.27%
Revenue Next 5Y13.17%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 95.50, which means the current valuation is very expensive for FM.
86.99% of the companies in the same industry are more expensive than FM, based on the Price/Earnings ratio.
FM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.20.
With a Price/Forward Earnings ratio of 28.79, FM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FM indicates a rather cheap valuation: FM is cheaper than 87.86% of the companies listed in the same industry.
FM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.71, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 95.5 | ||
| Fwd PE | 28.79 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FM indicates a rather cheap valuation: FM is cheaper than 92.81% of the companies listed in the same industry.
93.68% of the companies in the same industry are more expensive than FM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.82 | ||
| EV/EBITDA | 12.42 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of FM may justify a higher PE ratio.
FM's earnings are expected to grow with 262.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y333.61%
EPS Next 3Y262.96%
5. Dividend
5.1 Amount
FM has a Yearly Dividend Yield of 2.78%.
FM's Dividend Yield is rather good when compared to the industry average which is at 13.98. FM pays more dividend than 98.51% of the companies in the same industry.
FM's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector 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
5.3 Sustainability
DP0%
EPS Next 2Y333.61%
EPS Next 3Y262.96%
TSX:FM (9/15/2025, 7:00:00 PM)
26.74
+0.42 (+1.6%)
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 Cap22.31B
Analysts76.13
Price Target25.98 (-2.84%)
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)1.72%
PT rev (3m)16.45%
EPS NQ rev (1m)11.65%
EPS NQ rev (3m)5316.12%
EPS NY rev (1m)206.06%
EPS NY rev (3m)206.06%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)8.78%
Revenue NY rev (1m)4.81%
Revenue NY rev (3m)9.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 95.5 | ||
| Fwd PE | 28.79 | ||
| P/S | 3.26 | ||
| P/FCF | 28.82 | ||
| P/OCF | 9.14 | ||
| P/B | 1.42 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 12.42 |
EPS(TTM)0.28
EY1.05%
EPS(NY)0.93
Fwd EY3.47%
FCF(TTM)0.93
FCFY3.47%
OCF(TTM)2.93
OCFY10.94%
SpS8.2
BVpS18.89
TBVpS18.5
PEG (NY)0.25
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 | 1.48 |
F-Score6
WACC8.91%
ROIC/WACC0.43
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 Y378.56%
EPS Next 2Y333.61%
EPS Next 3Y262.96%
EPS Next 5Y116.28%
Revenue 1Y (TTM)-10.21%
Revenue growth 3Y-12.68%
Revenue growth 5Y3.38%
Sales Q2Q%-0.41%
Revenue Next Year7.87%
Revenue Next 2Y14.74%
Revenue Next 3Y24.27%
Revenue Next 5Y13.17%
EBIT growth 1Y32.15%
EBIT growth 3Y-25.89%
EBIT growth 5Y7.52%
EBIT Next Year102.89%
EBIT Next 3Y78.29%
EBIT Next 5Y41.18%
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%