First Quantum Minerals Ltd
TSX:FM

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First Quantum Minerals Ltd
TSX:FM
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Price: 23.73 CAD -2.51% Market Closed
Market Cap: 19.8B CAD

Relative Value

The Relative Value of one FM stock under the Base Case scenario is 49.18 CAD. Compared to the current market price of 23.73 CAD, First Quantum Minerals Ltd is Undervalued by 52%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FM Relative Value
Base Case
49.18 CAD
Undervaluation 52%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
45
Median 3Y
2.1
Median 5Y
2.2
Industry
1.8
Forward
3
vs History
15
vs Industry
0
Median 3Y
14
Median 5Y
15.1
Industry
16.6
Forward
-164.9
vs History
26
vs Industry
19
Median 3Y
7
Median 5Y
6.8
Industry
9.8
vs History
14
vs Industry
6
Median 3Y
-5
Median 5Y
11.8
Industry
16.4
vs History
47
vs Industry
50
Median 3Y
1
Median 5Y
1.2
Industry
1.7
vs History
1
vs Industry
39
Median 3Y
3
Median 5Y
3.1
Industry
2.2
Forward
4.3
vs History
39
vs Industry
21
Median 3Y
12.5
Median 5Y
12.7
Industry
7.6
vs History
6
vs Industry
14
Median 3Y
8.6
Median 5Y
7.8
Industry
10.8
Forward
13
vs History
36
vs Industry
11
Median 3Y
15.7
Median 5Y
15.7
Industry
13.8
Forward
25.6
vs History
23
vs Industry
16
Median 3Y
10.4
Median 5Y
10.2
Industry
11.2
vs History
30
vs Industry
5
Median 3Y
25.9
Median 5Y
18.4
Industry
15
vs History
36
vs Industry
53
Median 3Y
0.8
Median 5Y
0.8
Industry
1.5

Multiples Across Competitors

FM Competitors Multiples
First Quantum Minerals Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
First Quantum Minerals Ltd
TSX:FM
19.8B CAD 2.9 71.5 11.2 17.4
US
Southern Copper Corp
NYSE:SCCO
86.9B USD 7.3 24.2 13.2 15.1
US
Freeport-McMoRan Inc
NYSE:FCX
64.5B USD 2.6 36.9 7.9 10.5
UK
Antofagasta PLC
LSE:ANTO
19.8B GBP 4 32.2 -0.4 -0.9
CN
Jiangxi Copper Co Ltd
SSE:600362
82.7B CNY 0.2 11.5 10.1 10.1
CA
Lundin Mining Corp
TSX:LUN
12B CAD 2.5 -94 6.9 11.1
PL
KGHM Polska Miedz SA
WSE:KGH
27.2B PLN 0.8 9.8 4.7 6.9
CN
Tongling Nonferrous Metals Group Co Ltd
SZSE:000630
47B CNY 0.3 16.6 10.2 10.2
AU
OZ Minerals Ltd
ASX:OZL
9.4B AUD 4.9 45.5 30.1 30.1
DE
Aurubis AG
XETRA:NDA
4.1B EUR 0.2 5.9 3.5 4.4
CN
Yunnan Copper Co Ltd
SZSE:000878
27.6B CNY 0.2 20.1 16.5 16.5