First Quantum MineralsFQVLF +0.13%73 EV-to-FCF is 23.48 as of Jul. 01, 2026, which is 59% above its 10-year median of 14.73. GuruFocus rates FQVLF with a GF Score™ of 73/100 and a GF Value™ of $15.71 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 447 Metals & Mining companies, First Quantum Minerals ranks worse than 58.61% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, First Quantum Minerals's Enterprise Value is $28,228 Mil.
First Quantum Minerals's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,202 Mil. Therefore, First Quantum Minerals's EV-to-FCF for today is 23.48.
The historical rank and industry rank for First Quantum Minerals's EV-to-FCF or its related term are showing as below:
FQVLF'
s EV-to-FCF Range Over the Past 10 Years
Min: -141.21 Med: 14.73 Max: 358.49
Current: 23.48
During the past 13 years, the highest EV-to-FCF of First Quantum Minerals was 358.49. The lowest was -141.21. And the median was 14.73.
FQVLF's EV-to-FCF is ranked worse than 58.61% of 447
companies
in the Metals & Mining industry
Industry Median: 18.31
vs FQVLF: 23.48
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
First Quantum Minerals (OTCPK:FQVLF) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
First Quantum Minerals's PE Ratio (TTM) for today is calculated as:
First Quantum Minerals's share price for today is $27.315.
First Quantum Minerals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.250.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Copper subindustry, First Quantum Minerals's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Quantum Minerals EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where First Quantum Minerals's EV-to-FCF falls into.
First Quantum Minerals's current Enterprise Value is $28,228 Mil.
First Quantum Minerals's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,202 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Quantum Minerals (FQVLF) has a EV-to-FCF of 23.48 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Quantum Minerals and its competitors. This is 59% above median its historical median of 14.73. According to the industry distribution chart, First Quantum Minerals ranks #262 out of 447 companies in the Metals & Mining industry, placing it in the top 58.6%.
Is First Quantum Minerals' EV-to-FCF too high?
First Quantum Minerals' current EV-to-FCF of 23.48 is 59% above median its 10-year median of 14.73. The Metals & Mining industry median EV-to-FCF is 18.31. First Quantum Minerals' value of 23.48 is 28.2% above this industry median. Based on the distribution chart, First Quantum Minerals ranks #262 out of 447 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, First Quantum Minerals has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' EV-to-FCF compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #262 out of 447 companies for EV-to-FCF. This places First Quantum Minerals in the lower half of its industry. The industry median EV-to-FCF is 18.31. First Quantum Minerals' value of 23.48 is 28.2% above this benchmark. While the company's 10-year median is 14.73 vs. the industry median of 18.31, First Quantum Minerals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.31, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Quantum Minerals's current EV-to-FCF of 23.48 is 28.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Quantum Minerals and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Quantum Minerals's current EV-to-FCF is 23.48, which is 59% above median its own 10-year median of 14.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (FQVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.71, compared to a current price of $27.32 — trading 73.9% above its estimated fair value. The current EV-to-FCF is 23.48, which is 59% above median its 10-year median of 14.73 and 28.2% above the Metals & Mining industry median of 18.31. First Quantum Minerals' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For First Quantum Minerals (FQVLF), the current EV-to-FCF is 23.48 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Quantum Minerals (FQVLF) Overvalued in 2026?
Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued.
The current stock price of $27.32 is trading 73.9% above its estimated GF Value™ of $15.71.
GuruFocus considers First Quantum Minerals to be Significantly Overvalued.
Key valuation signals for FQVLF:
EV-to-FCF: 23.48 (59% above median its 10-year median of 14.73)
GF Value™: $15.71 vs. price of $27.32 (73.9% above fair value)
Industry Position: 28.2% above the Metals & Mining median (#262 of 447)
No single metric tells the full story. See the FQVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
73GF Score
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