Executive Summary
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has First Quantum Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
FM
-6.3%
CA Metals and Mining
-4.5%
CA Market
1 Year Return
26.7%
FM
40.3%
CA Metals and Mining
-8.8%
CA Market
Return vs Industry: FM underperformed the Canadian Metals and Mining industry which returned 40.3% over the past year.
Return vs Market: FM exceeded the Canadian Market which returned -8.8% over the past year.
Shareholder returns
| FM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -6.3% | -4.5% |
| 30 Day | 19.9% | -6.4% | -3.8% |
| 90 Day | 24.6% | -10.3% | -3.3% |
| 1 Year | 26.8%26.7% | 41.4%40.3% | -5.5%-8.8% |
| 3 Year | -5.1%-5.4% | 45.6%42.7% | 0.5%-9.2% |
| 5 Year | 98.8%97.8% | 138.3%131.2% | 28.7%8.9% |
Price Volatility Vs. Market
How volatile is First Quantum Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 hours ago | Simply Wall St
If You Had Bought First Quantum Minerals (TSE:FM) Stock Five Years Ago, You Could Pocket A 98% Gain Today3 weeks ago | Simply Wall St
First Quantum Minerals (TSE:FM) Seems To Be Using A Lot Of Debt4 months ago | Simply Wall St
Could First Quantum Minerals Ltd.'s (TSE:FM) Investor Composition Influence The Stock Price?Valuation
Is First Quantum Minerals undervalued compared to its fair value and its price relative to the market?
18.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FM (CA$14.1) is trading below our estimate of fair value (CA$17.2)
Significantly Below Fair Value: FM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FM is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: FM is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FM is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (2.7x).
Next Steps
Future Growth
How is First Quantum Minerals forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
59.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: FM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FM's is expected to become profitable in the next 3 years.
Revenue vs Market: FM's revenue (9.4% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: FM's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FM's Return on Equity is forecast to be low in 3 years time (3.8%).
Next Steps
Past Performance
How has First Quantum Minerals performed over the past 5 years?
10.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FM is currently unprofitable.
Growing Profit Margin: FM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FM is unprofitable, but has reduced losses over the past 5 years at a rate of 10.5% per year.
Accelerating Growth: Unable to compare FM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (48.1%).
Return on Equity
High ROE: FM has a negative Return on Equity (-4.63%), as it is currently unprofitable.
Next Steps
Financial Health
How is First Quantum Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: FM's short term assets ($2.9B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: FM's short term assets ($2.9B) do not cover its long term liabilities ($11.9B).
Debt to Equity History and Analysis
Debt Level: FM's debt to equity ratio (95.4%) is considered high.
Reducing Debt: FM's debt to equity ratio has increased from 50.7% to 95.4% over the past 5 years.
Debt Coverage: FM's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: FM is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
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Dividend
What is First Quantum Minerals's current dividend yield, its reliability and sustainability?
0.07%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FM's dividend (0.07%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: FM's dividend (0.07%) is low compared to the top 25% of dividend payers in the Canadian market (6.1%).
Stability and Growth of Payments
Stable Dividend: FM is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: FM is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FM is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Philip Kelvin Pascall (72 yo)
23.92yrs
Tenure
US$5,527,554
Compensation
Mr. Philip Kelvin Rodda Pascall has been Chairman and Chief Executive Officer of First Quantum Minerals Limited since 1996. Mr. Pascall is a Co-Founder of First Quantum Minerals Limited. He worked in gener ...
CEO Compensation Analysis
Compensation vs Market: Philip Kelvin's total compensation ($USD5.53M) is about average for companies of similar size in the Canadian market ($USD4.32M).
Compensation vs Earnings: Philip Kelvin's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 23.92yrs | US$5.53m | 0.84% $ 82.0m | |
| President & Director | 24.42yrs | US$1.32m | 0.39% $ 38.2m | |
| Chief Financial Officer | 8.58yrs | US$1.64m | 0.012% $ 1.2m | |
| Director of Opeerations | 9.75yrs | US$885.68k | 0% $ 0 | |
| Director of Projects | 7.75yrs | US$1.36m | 0.0080% $ 783.4k | |
| Director of Investor Relations | 12.33yrs | no data | no data | |
| Corporate Secretary | 3.33yrs | no data | no data | |
| General Manager of Finance | 8.75yrs | no data | no data | |
| General Manager of Kansanshi Mining Plc | no data | no data | no data | |
| Managing Director of Cobre Panama | no data | no data | no data | |
| Group Reporting Controller | no data | no data | no data | |
| Director of Operations - Zambia | no data | no data | no data |
9.3yrs
Average Tenure
70yo
Average Age
Experienced Management: FM's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 23.92yrs | US$5.53m | 0.84% $ 82.0m | |
| President & Director | 24.42yrs | US$1.32m | 0.39% $ 38.2m | |
| Independent Director | 15.33yrs | US$192.50k | 0.011% $ 1.1m | |
| Lead Independent Director | 3.42yrs | US$240.00k | 0.0029% $ 283.9k | |
| Independent Director | 3.42yrs | US$190.00k | 0.0064% $ 628.3k | |
| Independent Director | 2.42yrs | US$197.50k | 0.0030% $ 290.7k | |
| Independent Director | 17yrs | US$200.00k | 0.074% $ 7.3m | |
| Independent Director | 1.42yrs | US$116.53k | 0.0010% $ 99.5k |
9.4yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FM's board of directors are considered experienced (9.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Quantum Minerals Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Quantum Minerals Ltd.
- Ticker: FM
- Exchange: TSX
- Founded: 1983
- Industry: Copper
- Sector: Materials
- Market Cap: CA$9.756b
- Shares outstanding: 687.04m
- Website: https://www.first-quantum.com
Number of Employees
Location
- First Quantum Minerals Ltd.
- 330 Bay Street
- Suite 1101
- Toronto
- Ontario
- M5H 2S8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FM | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 1988 |
| IZ1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1988 |
| 0P6E | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Sep 1988 |
| FQVL.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 1988 |
| FQMZ | LUSE (Lusaka Stock Exchange) | ZAMBIAN DEPOSITARY RECEIPTS 1/28 ORD SHS | ZM | ZMW | Dec 2011 |
Biography
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The compa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:32 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.