First Quantum Minerals Ltd.

OTCPK:FQVL.F Stock Report

Market Cap: US$11.4b

First Quantum Minerals Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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.

Below Fair Value: FQVL.F ($13.78) is trading below our estimate of fair value ($79.63)

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

Key Valuation Metric

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

Key metric: As FQVL.F is unprofitable 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 Ratio2.4x
SalesUS$4.76b
Market CapUS$11.41b

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 Average3.5x
FCX Freeport-McMoRan
2.5x5.5%US$62.8b
SCCO Southern Copper
7.2x4.9%US$78.8b
MTAL Metals Acquisition
3.3x12.2%US$1.1b
AA Alcoa
1.1x1.0%US$11.7b
FQVL.F First Quantum Minerals
2.4x20.4%US$16.0b

Price-To-Sales vs Peers: FQVL.F is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

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

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
TX Ternium
0.4x2.7%US$6.56b
CLF Cleveland-Cliffs
0.3x4.1%US$6.15b
ARNC Arconic
0.4x5.8%US$3.01b
CSTM Constellium
0.3x9.3%US$1.80b
FQVL.F 2.4xIndustry Avg. 1.3xNo. of Companies25PS0246810+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FQVL.F is expensive based on its Price-To-Sales Ratio (2.4x) compared to the US Metals and Mining industry average (1.3x).

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 Ratio2.4x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: FQVL.F is good value based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).

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$13.78
US$15.36
+11.5%
13.3%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
+19.0%
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
+1.3%
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$8.17n/a20
Jan ’25US$8.27
US$14.06
+70.0%
37.9%US$27.25US$8.84n/a19
Dec ’24US$8.32
US$16.40
+97.2%
34.1%US$28.00US$8.84n/a20
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
Jan ’24US$20.86
US$22.19
+6.4%
17.6%US$28.79US$14.80US$8.2722
Dec ’23US$23.96
US$22.02
-8.1%
20.2%US$29.55US$13.93US$8.3222
Nov ’23US$19.20
US$21.27
+10.8%
21.5%US$29.53US$12.55US$10.6922

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

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