First Quantum Minerals Ltd.

BMV:FM1 N Stock Report

Market Cap: Mex$223.6b

First Quantum Minerals Valuation

Is FM1 N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FM1 N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
Mex$389.94
Fair Value
41.6% undervalued intrinsic discount
22
Number of Analysts

Below Fair Value: FM1 N (MX$227.73) is trading below our estimate of fair value (MX$389.94)

Significantly Below Fair Value: FM1 N is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FM1 N?

Key metric: As FM1 N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FM1 N. This is calculated by dividing FM1 N's market cap by their current earnings.
What is FM1 N's PE Ratio?
PE Ratio83x
EarningsUS$138.00m
Market CapUS$11.45b

Price to Earnings Ratio vs Peers

How does FM1 N's PE Ratio compare to its peers?

The above table shows the PE ratio for FM1 N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.2x
PE&OLES * Industrias Peñoles. de
117.5x36.4%Mex$168.0b
ICH B Industrias CH S. A. B. de C. V
6.5xn/aMex$70.9b
CEMEX CPO CEMEX. de
9.7x9.5%Mex$168.8b
GMEXICO B Grupo México. de
11.2x6.1%Mex$809.8b
FM1 N First Quantum Minerals
83x53.2%Mex$15.9b

Price-To-Earnings vs Peers: FM1 N is expensive based on its Price-To-Earnings Ratio (83x) compared to the peer average (36.3x).

Price to Earnings Ratio vs Industry

How does FM1 N's PE Ratio compare vs other companies in the South American Metals and Mining Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FM1 N 83.0xIndustry Avg. 7.3xNo. of Companies8PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FM1 N is expensive based on its Price-To-Earnings Ratio (83x) compared to the South American Metals and Mining industry average (7.3x).

Price to Earnings Ratio vs Fair Ratio

What is FM1 N's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FM1 N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio83x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FM1 N's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FM1 N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
Mex$303.80
0%
12.2%Mex$354.70Mex$232.26n/a22
Apr ’26n/a
Mex$308.56
0%
12.7%Mex$369.36Mex$243.96n/a20
Mar ’26n/a
Mex$302.19
0%
12.4%Mex$374.79Mex$245.88n/a20
Feb ’26n/a
Mex$300.36
0%
12.5%Mex$370.69Mex$243.69n/a20
Jan ’26n/a
Mex$313.07
0%
14.1%Mex$396.39Mex$244.49n/a21
Dec ’25n/a
Mex$313.87
0%
13.4%Mex$402.83Mex$258.70n/a21
Nov ’25n/a
Mex$308.39
0%
12.9%Mex$395.27Mex$253.84n/a21
Oct ’25n/a
Mex$294.03
0%
12.8%Mex$368.92Mex$239.50n/a21
Sep ’25n/a
Mex$285.90
0%
14.1%Mex$359.71Mex$227.20n/a21
Aug ’25n/a
Mex$282.82
0%
14.0%Mex$351.29Mex$221.88n/a22
Jul ’25n/a
Mex$270.15
0%
16.0%Mex$348.52Mex$214.75n/a22
Jun ’25n/a
Mex$235.52
0%
17.4%Mex$322.04Mex$172.37n/a24
May ’25n/a
Mex$216.36
0%
14.6%Mex$322.49Mex$172.41n/a23
Apr ’25n/a
Mex$200.48
0%
18.1%Mex$306.57Mex$146.43n/a23
Mar ’25n/a
Mex$199.99
0%
19.5%Mex$314.98Mex$138.58n/a21
Feb ’25n/a
Mex$209.36
0%
33.3%Mex$465.52Mex$139.60n/a20
Jan ’25n/a
Mex$240.01
0%
37.9%Mex$465.05Mex$150.91n/a19
Dec ’24n/a
Mex$282.07
0%
34.1%Mex$481.46Mex$152.04n/a20
Nov ’24n/a
Mex$369.65
0%
21.3%Mex$489.21Mex$256.50n/a19
Oct ’24n/a
Mex$482.93
0%
13.8%Mex$593.47Mex$335.02n/a20
Sep ’24n/a
Mex$460.33
0%
14.0%Mex$571.76Mex$330.36n/a21
Aug ’24n/a
Mex$462.45
0%
14.9%Mex$574.08Mex$331.70n/a21
Jul ’24n/a
Mex$446.32
0%
12.9%Mex$537.95Mex$339.41n/a22
Jun ’24n/a
Mex$449.48
0%
15.3%Mex$541.35Mex$271.06n/a22
May ’24n/a
Mex$453.81
0%
15.5%Mex$552.92Mex$276.85n/a21
Apr ’24n/a
Mex$416.89
0%
15.2%Mex$526.25Mex$293.01n/a21
AnalystConsensusTarget
Consensus Narrative from 22 Analysts
Mex$256.22
Fair Value
11.1% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 04:44
End of Day Share Price 2025/04/07 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Quantum Minerals Ltd. is covered by 52 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Izak RossouwBarclays
Izak RossouwBarclays