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

TSX:FM • CA3359341052

Current stock price

32.53 CAD
+1.14 (+3.63%)
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 was profitable.
  • In the past year FM had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: FM reported negative net income in multiple 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 better Return On Assets (-0.11%) than 84.20% of its industry peers.
  • FM's Return On Equity of -0.25% is amongst the best of the industry. FM outperforms 84.45% of its industry peers.
  • The Return On Invested Capital of FM (3.24%) is better than 90.42% of its industry peers.
  • FM had an Average Return On Invested Capital over the past 3 years of 3.34%. This is significantly below the industry average of 12.70%.
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

  • FM has a better Operating Margin (19.40%) than 91.79% of its industry peers.
  • In the last couple of years the Operating Margin of FM has remained more or less at the same level.
  • FM has a Gross Margin of 27.84%. This is amongst the best in the industry. FM outperforms 89.80% of its industry peers.
  • In the last couple of years the Gross Margin of FM has grown nicely.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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

  • Based on the Altman-Z score of 1.48, we must say that FM is in the distress zone and has some risk of bankruptcy.
  • FM has a Altman-Z score of 1.48. This is comparable to the rest of the industry: FM outperforms 44.03% of its industry peers.
  • 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 90.17% of the companies in the same industry.
  • A Debt/Equity ratio of 0.58 indicates that FM is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.58, FM is doing worse than 72.26% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 7.75
Altman-Z 1.48
ROIC/WACC0.29
WACC11.23%
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

  • A Current Ratio of 1.42 indicates that FM should not have too much problems paying its short term obligations.
  • FM has a Current ratio of 1.42. This is comparable to the rest of the industry: FM outperforms 44.15% of 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.
  • The Quick ratio of FM (0.86) is worse than 62.69% 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

6

3. FM.CA Growth Analysis

3.1 Past

  • FM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 125.00%, which is quite impressive.
  • Measured over the past years, FM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -81.38% on average per year.
  • FM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.06%.
  • 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)125%
EPS 3Y-81.38%
EPS 5YN/A
EPS Q2Q%-75%
Revenue 1Y (TTM)9.06%
Revenue growth 3Y-11.77%
Revenue growth 5Y0.15%
Sales Q2Q%17.44%

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.
  • Based on estimates for the next years, FM will show a quite strong growth in Revenue. The Revenue will grow by 12.25% on average per year.
EPS Next Y8022.89%
EPS Next 2Y1409.7%
EPS Next 3Y549.33%
EPS Next 5Y184.51%
Revenue Next Year26.79%
Revenue Next 2Y36.43%
Revenue Next 3Y27.98%
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.
  • 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.
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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6

4. FM.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • FM is valuated quite expensively with a Price/Earnings ratio of 3253.00.
  • FM's Price/Earnings ratio is rather cheap when compared to the industry. FM is cheaper than 85.07% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.61, FM is valued quite expensively.
  • A Price/Forward Earnings ratio of 29.13 indicates a quite expensive valuation of FM.
  • Based on the Price/Forward Earnings ratio, FM is valued cheaper than 87.06% of the companies in the same industry.
  • FM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.79, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3253
Fwd PE 29.13
FM.CA Price Earnings VS Forward Price EarningsFM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 1K 2K 3K

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FM is valued cheaply inside the industry as 91.42% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, FM is valued cheaply inside the industry as 95.02% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.89
EV/EBITDA 14.75
FM.CA Per share dataFM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 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.
  • 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 549.33% in the coming years.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y1409.7%
EPS Next 3Y549.33%

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

4

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.
  • FM's Dividend Yield is rather good when compared to the industry average which is at 0.49. FM pays more dividend than 98.38% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FM pays a bit more dividend than the S&P500 average.
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 2Y1409.7%
EPS Next 3Y549.33%
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 (3/25/2026, 7:00:00 PM)

32.53

+1.14 (+3.63%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners52.17%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap27.14B
Revenue(TTM)5.24B
Net Income(TTM)-28.00M
Analysts77.42
Price Target43.02 (32.25%)
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)3.71%
PT rev (3m)23.3%
EPS NQ rev (1m)1.58%
EPS NQ rev (3m)95.68%
EPS NY rev (1m)-22.47%
EPS NY rev (3m)-8.51%
Revenue NQ rev (1m)-4.16%
Revenue NQ rev (3m)0.6%
Revenue NY rev (1m)2.73%
Revenue NY rev (3m)3.43%
Valuation
Industry RankSector Rank
PE 3253
Fwd PE 29.13
P/S 3.77
P/FCF 20.89
P/OCF 9.49
P/B 1.77
P/tB 1.81
EV/EBITDA 14.75
EPS(TTM)0.01
EY0.03%
EPS(NY)1.12
Fwd EY3.43%
FCF(TTM)1.56
FCFY4.79%
OCF(TTM)3.43
OCFY10.53%
SpS8.63
BVpS18.4
TBVpS18.01
PEG (NY)0.41
PEG (5Y)N/A
Graham Number2.03
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 1.48
F-Score4
WACC11.23%
ROIC/WACC0.29
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)125%
EPS 3Y-81.38%
EPS 5YN/A
EPS Q2Q%-75%
EPS Next Y8022.89%
EPS Next 2Y1409.7%
EPS Next 3Y549.33%
EPS Next 5Y184.51%
Revenue 1Y (TTM)9.06%
Revenue growth 3Y-11.77%
Revenue growth 5Y0.15%
Sales Q2Q%17.44%
Revenue Next Year26.79%
Revenue Next 2Y36.43%
Revenue Next 3Y27.98%
Revenue Next 5Y12.25%
EBIT growth 1Y3.67%
EBIT growth 3Y-20.38%
EBIT growth 5Y1.04%
EBIT Next Year165.46%
EBIT Next 3Y78.37%
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 6 / 10 to FIRST QUANTUM MINERALS LTD (FM.CA). This can be considered as Fairly Valued.


How profitable is FIRST QUANTUM MINERALS LTD (FM.CA) stock?

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


Can you provide the financial health for FM stock?

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


Is the dividend of FIRST QUANTUM MINERALS LTD sustainable?

The dividend rating of FIRST QUANTUM MINERALS LTD (FM.CA) is 4 / 10 and the dividend payout ratio is 0%.