Executive Summary
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties.
Snowflake
Fundamentals
Reasonable growth potential and fair value.
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
Market Performance
7 Day Return
8.7%
FM
0.1%
CA Metals and Mining
-0.2%
CA Market
1 Year Return
-13.3%
FM
12.3%
CA Metals and Mining
1.1%
CA Market
Return vs Industry: FM underperformed the Canadian Metals and Mining industry which returned 12.3% over the past year.
Return vs Market: FM underperformed the Canadian Market which returned 1.1% over the past year.
Shareholder returns
| FM | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.7% | 0.1% | -0.2% |
| 30 Day | -9.3% | -5.2% | -3.3% |
| 90 Day | -15.1% | -4.8% | -1.6% |
| 1 Year | -13.2%-13.3% | 13.2%12.3% | 4.6%1.1% |
| 3 Year | -5.1%-5.3% | -11.5%-13.1% | 13.1%3.1% |
| 5 Year | -40.9%-41.7% | 7.5%3.4% | 24.7%6.7% |
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
1 week ago | Simply Wall St
Some First Quantum Minerals (TSE:FM) Shareholders Are Down 45%3 weeks ago | Simply Wall St
An Intrinsic Calculation For First Quantum Minerals Ltd. (TSE:FM) Suggests It's 36% Undervalued1 month ago | Simply Wall St
What Kind Of Shareholders Own First Quantum Minerals Ltd. (TSE:FM)?Valuation
Is First Quantum Minerals undervalued compared to its fair value and its price relative to the market?
37.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FM (CA$11.08) is trading below our estimate of fair value (CA$17.77)
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 poor value based on its PE Ratio (14.6x) compared to the Metals and Mining industry average (13.6x).
PE vs Market: FM is poor value based on its PE Ratio (14.6x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
PEG Ratio: FM is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: FM is good value based on its PB Ratio (0.6x) compared to the CA Metals and Mining industry average (1.3x).
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Future Growth
How is First Quantum Minerals forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
34.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FM's forecast earnings growth (34.7% per year) is above the savings rate (1.9%).
Earnings vs Market: FM's earnings (34.7% per year) are forecast to grow faster than the Canadian market (13.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FM's revenue (13.4% per year) is forecast to grow faster than the Canadian market (5.7% per year).
High Growth Revenue: FM's revenue (13.4% 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 (5%).
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Past Performance
How has First Quantum Minerals performed over the past 5 years?
-15.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FM's earnings have declined by -15.6% per year over the past 5 years.
Accelerating Growth: FM's earnings growth over the past year (2500%) exceeds its 5-year average (-15.6% per year).
Earnings vs Industry: FM earnings growth over the past year (2500%) exceeded the Metals and Mining industry -13.7%.
Return on Equity
High ROE: FM's Return on Equity (4%) is considered low.
Return on Assets
ROA vs Industry: FM's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: FM has significantly improved its Return on Capital Employed over the past 3 years.
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Financial Health
How is First Quantum Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: FM's short term assets ($3.5B) exceeds its short term liabilities ($2.1B)
Long Term Liabilities: FM's short term assets (3.5B) do not cover its long term liabilities (11.9B)
Debt to Equity History and Analysis
Debt Level: FM's debt to equity ratio (90.4%) is considered high
Reducing Debt: FM's debt to equity ratio has increased from 55.4% to 90.4% over the past 5 years.
Debt Coverage: FM's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: Insufficient data to determine if FM's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: FM has a high level of physical assets or inventory.
Debt Coverage by Assets: FM's debt is not covered by short term assets (assets are 0.4x debt).
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Dividend
What is First Quantum Minerals's current dividend yield, its reliability and sustainability?
0.088%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FM's dividend (0.088%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.04%).
High Dividend: FM's dividend (0.088%) is low compared to the top 25% of dividend payers in the Canadian market (6.03%).
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.
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Management
What is the CEO of First Quantum Minerals's salary, the management and board of directors tenure and is there insider trading?
8.3yrs
Average management tenure
CEO
Philip Kelvin Pascall (71yo)
22.9yrs
Tenure
US$4,602,602
Compensation
Mr. Philip Kelvin Rodda Pascall has been Chairman and Chief Executive Officer of First Quantum Minerals Limited since 1996. Mr. Pascall is a Co-Founder of First Quantum Minerals Limited. He worked in gener ...
CEO Compensation Analysis
Compensation vs. Market: Philip Kelvin's total compensation ($USD4.60M) is about average for companies of similar size in the Canadian market ($USD3.99M).
Compensation vs Earnings: Philip Kelvin's compensation has been consistent with company performance over the past year.
Management Age and Tenure
8.3yrs
Average Tenure
69yo
Average Age
Experienced Management: FM's management team is seasoned and experienced (8.3 years average tenure).
Board Age and Tenure
10.5yrs
Average Tenure
65yo
Average Age
Experienced Board: FM's board of directors are seasoned and experienced ( 10.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Philip Kelvin Pascall (71yo)
Chairman & CEO
- Tenure: 22.9yrs
- Compensation: US$4.60m
Geoffrey Newall (69yo)
President & Director
- Tenure: 23.4yrs
- Compensation: US$1.25m
Sharon Loung
Director of Investor Relations
- Tenure: 11.3yrs
Wyatt Buck
Director of Opeerations
- Tenure: 8.8yrs
- Compensation: US$906.60k
Hannes Meyer (49yo)
Chief Financial Officer
- Tenure: 7.6yrs
- Compensation: US$1.37m
Juliet Wall
General Manager of Finance
- Tenure: 7.8yrs
Sarah E. Robertson
Corporate Secretary
- Tenure: 2.3yrs
Zenon Wozniak
Director of Projects
- Tenure: 6.8yrs
- Compensation: US$5.26m
David deVries
General Manager of Kansanshi Mining Plc
- Tenure: 0yrs
Tristan Pascall
Managing Director of Cobre Panama
- Tenure: 0yrs
Board Members
Andrew Adams (62yo)
Independent Director
- Tenure: 14.3yrs
- Compensation: US$200.00k
Bob Harding (61yo)
Lead Independent Director
- Tenure: 2.4yrs
- Compensation: US$240.00k
Philip Kelvin Pascall (71yo)
Chairman & CEO
- Tenure: 22.9yrs
- Compensation: US$4.60m
Kathy Hogenson (58yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$185.00k
Simon Scott (61yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: US$125.70k
Geoffrey Newall (69yo)
President & Director
- Tenure: 23.4yrs
- Compensation: US$1.25m
Peter St George (72yo)
Independent Director
- Tenure: 16yrs
- Compensation: US$200.00k
Paul Brunner (68yo)
Independent Director
- Tenure: 10.5yrs
- Compensation: US$200.00k
Jo Warner
Independent Director
- Tenure: 0.4yrs
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$7.592b
- Shares outstanding: 685.24m
- 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 |
| FQVL.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 1988 |
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 | 2019/10/20 23:33 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.