Financials First Quantum Minerals Ltd.

Equities

FM

CA3359341052

Specialty Mining & Metals

Market Closed - Toronto S.E. 04:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
17.27 CAD +0.76% Intraday chart for First Quantum Minerals Ltd. -3.09% +59.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,943 12,325 16,491 14,344 5,625 10,336 - -
Enterprise Value (EV) 1 14,618 19,734 22,544 20,036 12,045 15,932 15,465 14,221
P/E ratio -127 x -69 x 20 x 13.9 x -5.93 x -32.2 x 13.2 x 5.77 x
Yield 0.07% 0.04% 0.03% 1.02% 0.72% - 0.06% 0.48%
Capitalization / Revenue 1.71 x 2.37 x 2.29 x 1.88 x 0.87 x 2.4 x 1.54 x 1.27 x
EV / Revenue 3.59 x 3.8 x 3.13 x 2.63 x 1.87 x 3.7 x 2.3 x 1.74 x
EV / EBITDA 9.08 x 9.17 x 6.12 x 6.04 x 5.17 x 12.2 x 5.52 x 3.64 x
EV / FCF -25.8 x 19.7 x 12 x 17.2 x 94.8 x -82.8 x 23.3 x 6.48 x
FCF Yield -3.87% 5.08% 8.37% 5.81% 1.05% -1.21% 4.3% 15.4%
Price to Book 0.74 x 1.39 x 1.65 x 1.33 x 0.55 x 0.88 x 0.84 x 0.73 x
Nbr of stocks (in thousands) 685,241 687,049 688,851 687,504 687,342 826,735 - -
Reference price 2 10.13 17.94 23.94 20.86 8.184 12.50 12.50 12.50
Announcement Date 2/13/20 2/16/21 2/15/22 2/14/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,067 5,199 7,212 7,626 6,456 4,304 6,728 8,166
EBITDA 1 1,609 2,152 3,684 3,316 2,328 1,308 2,801 3,904
EBIT 1 474 935 2,510 2,086 1,207 648.3 2,418 3,032
Operating Margin 11.65% 17.98% 34.8% 27.35% 18.7% 15.06% 35.93% 37.13%
Earnings before Tax (EBT) 1 19 32 1,901 1,469 -486 -78.67 1,896 2,606
Net income 1 -57 -180 832 1,034 -954 -299.5 710.7 1,733
Net margin -1.4% -3.46% 11.54% 13.56% -14.78% -6.96% 10.56% 21.22%
EPS 2 -0.0800 -0.2600 1.200 1.500 -1.380 -0.3880 0.9492 2.169
Free Cash Flow 1 -566 1,003 1,886 1,165 127 -192.4 665.1 2,195
FCF margin -13.92% 19.29% 26.15% 15.28% 1.97% -4.47% 9.89% 26.87%
FCF Conversion (EBITDA) - 46.61% 51.19% 35.13% 5.46% - 23.75% 56.21%
FCF Conversion (Net income) - - 226.68% 112.67% - - 93.59% 126.66%
Dividend per Share 2 0.007540 0.007930 0.007880 0.2129 0.0592 - 0.007000 0.0600
Announcement Date 2/13/20 2/16/21 2/15/22 2/14/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,061 2,163 1,904 1,727 1,832 1,558 1,651 2,029 1,218 1,036 1,023 1,076 1,144 1,606 -
EBITDA 1 1,085 1,180 906 583 647 518 568 969 273 180 270.4 361.5 311 - -
EBIT 1 771 885 618 263 320 247 267 585 47 23 154.2 200 253.2 648.5 -
Operating Margin 37.41% 40.92% 32.46% 15.23% 17.47% 15.85% 16.17% 28.83% 3.86% 2.22% 15.07% 18.59% 22.13% 40.37% -
Earnings before Tax (EBT) 1 - - - - - - - - -1,150 -171 -16.11 6.211 100.2 - -
Net income 1 247 - 419 113 117 75 93 325 -1,447 -159 -115.2 -76.66 -31.56 - -
Net margin 11.98% - 22.01% 6.54% 6.39% 4.81% 5.63% 16.02% -118.8% -15.35% -11.26% -7.12% -2.76% - -
EPS 2 0.3600 0.5600 0.6000 0.1600 0.1700 0.1100 0.1300 0.4700 -2.090 -0.2100 -0.1400 -0.0900 -0.0400 0.0200 0.0700
Dividend per Share 2 0.003940 - 0.1242 - 0.0954 - - - - - - - - - -
Announcement Date 2/15/22 4/26/22 7/26/22 10/25/22 2/14/23 4/25/23 7/25/23 10/24/23 2/20/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,675 7,409 6,053 5,692 6,420 5,597 5,129 3,885
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.77 x 3.443 x 1.643 x 1.717 x 2.758 x 4.28 x 1.831 x 0.9952 x
Free Cash Flow 1 -566 1,003 1,886 1,165 127 -192 665 2,195
ROE (net income / shareholders' equity) 2.63% -0.5% 8.81% 9.89% 2.47% -2.22% 5.91% 11.4%
ROA (Net income/ Total Assets) 1.03% -0.19% 3.36% 4.11% 1.07% -0.43% 2.33% 8.14%
Assets 1 -5,526 95,847 24,753 25,175 -89,259 69,270 30,489 21,293
Book Value Per Share 2 13.70 12.90 14.50 15.70 14.80 14.20 15.00 17.20
Cash Flow per Share 2 1.290 2.340 4.170 3.370 2.070 1.270 2.510 4.090
Capex 1 1,455 610 999 1,167 1,300 1,329 1,512 1,050
Capex / Sales 35.78% 11.73% 13.85% 15.3% 20.14% 30.88% 22.47% 12.86%
Announcement Date 2/13/20 2/16/21 2/15/22 2/14/23 2/20/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
12.5 USD
Average target price
13.65 USD
Spread / Average Target
+9.19%
Consensus
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