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First Quantum Minerals

Executive Summary

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. More Details


Snowflake Analysis

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

Stable Share Price: FM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-20.3%

FM

-6.7%

CA Metals and Mining

-2.3%

CA Market


1 Year Return

7.5%

FM

46.2%

CA Metals and Mining

-8.6%

CA Market

Return vs Industry: FM underperformed the Canadian Metals and Mining industry which returned 39.5% over the past year.

Return vs Market: FM exceeded the Canadian Market which returned -9.7% over the past year.


Shareholder returns

FMIndustryMarket
7 Day-20.3%-6.7%-2.3%
30 Day-8.3%-3.8%-4.5%
90 Day17.7%11.7%5.7%
1 Year7.6%7.5%47.2%46.2%-5.5%-8.6%
3 Year-16.7%-16.9%52.0%49.1%5.8%-4.4%
5 Year123.7%122.6%166.9%158.9%38.3%17.1%

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

Valuation

Is First Quantum Minerals undervalued compared to its fair value and its price relative to the market?

32.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FM (CA$11.61) is trading below our estimate of fair value (CA$16.99)

Significantly Below Fair Value: FM is trading below fair value by more than 20%.


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 (0.7x) 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 18 analysts?

61.7%

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 (8.4% per year) is forecast to grow faster than the Canadian market (5.5% per year).

High Growth Revenue: FM's revenue (8.4% 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 (2.9%).


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 (56.4%).


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


Next Steps

Dividend

What is First Quantum Minerals's current dividend yield, its reliability and sustainability?

0.085%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FM's dividend (0.085%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.75%).

High Dividend: FM's dividend (0.085%) is low compared to the top 25% of dividend payers in the Canadian market (5.96%).


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?

9.2yrs

Average management tenure


CEO

Philip Kelvin Pascall (72 yo)

23.83yrs

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 ($USD5.53M) is above average for companies of similar size in the Canadian market ($USD3.82M).

Compensation vs Earnings: Philip Kelvin's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Philip Kelvin Pascall
Chairman & CEO23.83yrsUS$5.53m0.84%
$ 67.2m
Geoffrey Newall
President & Director24.33yrsUS$1.32m0.39%
$ 31.4m
Hannes Meyer
Chief Financial Officer8.5yrsUS$1.64m0.012%
$ 966.1k
Wyatt Buck
Director of Opeerations9.67yrsUS$885.68k0.0052%
$ 415.1k
Zenon Wozniak
Director of Projects7.67yrsUS$1.36m0.0080%
$ 642.2k
Sharon Loung
Director of Investor Relations12.25yrsno datano data
Sarah E. Robertson
Corporate Secretary3.25yrsno datano data
Juliet Wall
General Manager of Finance8.67yrsno datano data
David deVries
General Manager of Kansanshi Mining Plcno datano datano data
Tristan Pascall
Managing Director of Cobre Panamano datano datano data
Simon MacLean
Group Reporting Controllerno datano datano data
Rudi Badenhorst
Director of Operations - Zambiano datano datano data

9.2yrs

Average Tenure

70yo

Average Age

Experienced Management: FM's management team is seasoned and experienced (9.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Kelvin Pascall
Chairman & CEO23.83yrsUS$5.53m0.84%
$ 67.2m
Geoffrey Newall
President & Director24.33yrsUS$1.32m0.39%
$ 31.4m
Andrew Adams
Independent Director15.25yrsUS$192.50k0.011%
$ 873.3k
Robert Harding
Lead Independent Director3.33yrsUS$240.00k0.0029%
$ 232.7k
Kathleen Hogenson
Independent Director3.33yrsUS$190.00k0.0063%
$ 499.8k
Simon Scott
Independent Director2.33yrsUS$197.50k0.0027%
$ 213.5k
Peter St. George
Independent Director16.92yrsUS$200.00k0.074%
$ 5.9m
Joanne Warner
Independent Director1.33yrsUS$116.53k0.0010%
$ 81.6k

9.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: FM's board of directors are considered experienced (9.3 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$7.997b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1988
IZ1DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
0P6ELSE (London Stock Exchange)YesCommon SharesGBEURSep 1988
FQVL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988
FQMZLUSE (Lusaka Stock Exchange)ZAMBIAN DEPOSITARY RECEIPTS 1/28 ORD SHSZMZMWDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 06:14
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.