First Quantum Minerals Ltd.

OTCPK:FQVL.F Stock Report

Market Cap: US$10.1b

First Quantum Minerals Valuation

Is FQVL.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$0.32
Fair Value
3.7k% overvalued intrinsic discount
20
Number of Analysts

Below Fair Value: FQVL.F ($12.21) is trading above our estimate of fair value ($0.32)

Significantly Below Fair Value: FQVL.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FQVL.F?

Key metric: As FQVL.F is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FQVL.F. This is calculated by dividing FQVL.F's market cap by their current revenue.
What is FQVL.F's PS Ratio?
PS Ratio2.1x
SalesUS$4.80b
Market CapUS$10.09b

Price to Sales Ratio vs Peers

How does FQVL.F's PS Ratio compare to its peers?

The above table shows the PS ratio for FQVL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
FCX Freeport-McMoRan
2.1x3.7%US$53.1b
SCCO Southern Copper
6.5x4.1%US$74.0b
MTAL MAC Copper
2.7x15.8%US$886.5m
X United States Steel
0.5x2.2%US$8.3b
FQVL.F First Quantum Minerals
2.1x20.6%US$14.4b

Price-To-Sales vs Peers: FQVL.F is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does FQVL.F's PS Ratio compare vs other companies in the US Metals and Mining Industry?

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
TX Ternium
0.3x4.2%US$5.77b
CLF Cleveland-Cliffs
0.3x4.6%US$5.61b
ARNC Arconic
0.4x5.8%US$3.01b
CSTM Constellium
0.2x8.3%US$1.53b
FQVL.F 2.1xIndustry Avg. 1.2xNo. of Companies29PS0246810+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FQVL.F is expensive based on its Price-To-Sales Ratio (2.1x) compared to the US Metals and Mining industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

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

FQVL.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.1x
Fair PS Ratio3.1x

Price-To-Sales vs Fair Ratio: FQVL.F is good value based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).

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 FQVL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.21
US$14.74
+20.8%
12.4%US$18.17US$11.96n/a20
Feb ’26US$12.67
US$14.64
+15.5%
12.5%US$18.06US$11.87n/a20
Jan ’26US$12.92
US$15.40
+19.2%
14.1%US$19.49US$12.02n/a21
Dec ’25US$13.57
US$15.19
+11.9%
13.4%US$19.49US$12.52n/a21
Nov ’25US$13.09
US$15.21
+16.2%
12.9%US$19.49US$12.52n/a21
Oct ’25US$14.08
US$14.99
+6.5%
12.8%US$18.81US$12.21n/a21
Sep ’25US$12.60
US$14.99
+18.9%
14.1%US$18.86US$11.91n/a21
Aug ’25US$11.52
US$15.18
+31.8%
14.0%US$18.86US$11.91n/a22
Jul ’25US$13.35
US$14.71
+10.2%
16.0%US$18.98US$11.69n/a22
Jun ’25US$12.84
US$13.86
+7.9%
17.4%US$18.95US$10.14n/a24
May ’25US$12.54
US$12.71
+1.4%
14.6%US$18.95US$10.13n/a23
Apr ’25US$10.73
US$12.10
+12.8%
18.1%US$18.51US$8.84n/a23
Mar ’25US$9.52
US$11.75
+23.4%
19.5%US$18.51US$8.14n/a21
Feb ’25US$9.42
US$12.25
+30.1%
33.3%US$27.25US$8.17US$12.6720
Jan ’25US$8.27
US$14.06
+70.0%
37.9%US$27.25US$8.84US$12.9219
Dec ’24US$8.32
US$16.40
+97.2%
34.1%US$28.00US$8.84US$13.5720
Nov ’24US$10.69
US$20.75
+94.1%
21.3%US$27.47US$14.40US$13.0919
Oct ’24US$23.64
US$27.71
+17.2%
13.8%US$34.05US$19.22US$14.0820
Sep ’24US$27.09
US$27.41
+1.2%
14.0%US$34.05US$19.67US$12.6021
Aug ’24US$28.94
US$27.43
-5.2%
14.9%US$34.05US$19.67US$11.5221
Jul ’24US$23.65
US$26.07
+10.2%
12.9%US$31.42US$19.83US$13.3522
Jun ’24US$21.40
US$25.61
+19.7%
15.3%US$30.84US$15.44US$12.8422
May ’24US$25.13
US$25.31
+0.7%
15.5%US$30.84US$15.44US$12.5421
Apr ’24US$22.99
US$23.13
+0.6%
15.2%US$29.20US$16.26US$10.7321
Mar ’24US$22.64
US$21.95
-3.1%
15.8%US$27.59US$14.91US$9.5221
Feb ’24US$23.09
US$22.80
-1.3%
17.0%US$27.70US$14.94US$9.4221
Analyst Price Target
Consensus Narrative from 20 Analysts
US$14.71
Fair Value
17.0% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/22 06:57
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
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 46 analysts. 15 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