We Like These Underlying Return On Capital Trends At First Quantum Minerals (TSE:FM)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Has the Canadian Metals and Mining Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||CA$369.1b||CA$102.1b||CA$13.1b||9.8x|
|Fri, 29 Oct 2021||CA$370.3b||CA$94.9b||CA$12.1b||11.1x|
|Sun, 26 Sep 2021||CA$336.7b||CA$97.1b||CA$12.6b||10.7x|
|Tue, 24 Aug 2021||CA$350.1b||CA$95.4b||CA$12.5b||11x|
|Wed, 30 Jun 2021||CA$364.4b||CA$95.3b||CA$12.5b||12.1x|
|Sat, 03 Apr 2021||CA$328.2b||CA$89.0b||CA$9.8b||14.3x|
|Tue, 05 Jan 2021||CA$349.8b||CA$84.6b||CA$5.9b||16.4x|
|Fri, 09 Oct 2020||CA$352.3b||CA$81.6b||CA$2.4b||19.2x|
|Thu, 02 Jul 2020||CA$315.2b||CA$78.9b||CA$2.1b||18.2x|
|Sun, 05 Apr 2020||CA$201.3b||CA$81.5b||CA$1.1b||16.8x|
|Wed, 08 Jan 2020||CA$240.8b||CA$75.1b||CA$2.2b||19.1x|
|Tue, 01 Oct 2019||CA$217.2b||CA$74.4b||-CA$789,757,176.55||15.4x|
|Fri, 05 Jul 2019||CA$212.1b||CA$71.4b||-CA$3,001,275,535.34||15.5x|
|Mon, 08 Apr 2019||CA$202.7b||CA$72.9b||-CA$3,714,765,407.46||17.4x|
|Thu, 10 Jan 2019||CA$176.5b||CA$73.7b||-CA$3,369,190,930.56||11.1x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 9.7x which is lower than its 3-year average PE of 16.2x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Metals and Mining industry have grown 44% per year over the last three years, and revenues for these companies have grown 13% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Canadian Metals and Mining industry?
|Diversified Metals and Mining||-0.026%|
|Precious Metals and Minerals||-3.16%|
Industry PE: Investors are most optimistic about the Silver industry even though it's trading below its 3-year average PE ratio of 48.6x. However analysts are expecting annual earnings growth of 41%, which is lower than the prior year's growth of 108% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Steel industry, which is trading below its 3-year average of 8.8x.
Forecasted Growth: Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 66% over the next 5 years. However this is lower than its past earnings growth rate of 576% per year. Meanwhile, the Steel industry is expected to see its earnings decline by 38% per year over the next few years.
Which companies have driven the market over the last 7 days?
Wheaton Precious Metals
First Quantum Minerals
Labrador Iron Ore Royalty
Kirkland Lake Gold
International Battery Metals