First Quantum MineralsTSX:FM +1.88%75 OCF Margin % is 29.91% as of Mar. 2026, which is 10% below its 10-year median of 33.10. GuruFocus rates TSX:FM with a GF Score™ of 75/100 and a GF Value™ of C$22.23 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 846 Metals & Mining companies, First Quantum Minerals ranks better than 87.71% on this metric.
* 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 OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's OCF Margin % distribution charts can be found below:
* The bar in red indicates where First Quantum Minerals's OCF Margin % falls into.
* 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 (TSX:FM) has a OCF Margin % of 29.91% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on First Quantum Minerals and its competitors. This is 10% below median its historical median of 33.10. Over the past decade, First Quantum Minerals' OCF Margin % has ranged from 21.86 to 49.92. According to the industry distribution chart, First Quantum Minerals ranks #104 out of 846 companies in the Metals & Mining industry, placing it in the top 12.3%.
Is First Quantum Minerals' OCF Margin % too high?
First Quantum Minerals' current OCF Margin % of 29.91% is 10% below median its 10-year median of 33.10. Over the past 10 years, this metric has ranged from a low of 21.86 to a high of 49.92. The Metals & Mining industry median OCF Margin % is 4.47. First Quantum Minerals' value of 29.91% is 569.9% above this industry median. Based on the distribution chart, First Quantum Minerals ranks #104 out of 846 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, First Quantum Minerals has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' OCF Margin % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #104 out of 846 companies for OCF Margin %. This places First Quantum Minerals in the top 12% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 4.47. First Quantum Minerals' value of 29.91% is 569.9% above this benchmark. Historically, First Quantum Minerals' own OCF Margin % has ranged from 21.86 to 49.92 over the past decade. While the company's 10-year median is 33.10 vs. the industry median of 4.47, 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 OCF Margin % for a Metals & Mining company?
The median OCF Margin % among Metals & Mining companies is 4.47, based on 846 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Quantum Minerals's current OCF Margin % of 29.91% is 569.9% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on First Quantum Minerals and its competitors. For the Metals & Mining industry, the median OCF Margin % is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Quantum Minerals's current OCF Margin % is 29.91%, which is 10% below median its own 10-year median of 33.10. 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 (TSX:FM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.23, compared to a current price of C$37.44 — trading 68.4% above its estimated fair value. The current OCF Margin % is 29.91%, which is 10% below median its 10-year median of 33.10 and 569.9% above the Metals & Mining industry median of 4.47. First Quantum Minerals' overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For First Quantum Minerals (TSX:FM), the current OCF Margin % is 29.91% as of Mar. 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 (TSX:FM) Overvalued in 2026?
Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued.
The current stock price of C$37.44 is trading 68.4% above its estimated GF Value™ of C$22.23.
GuruFocus considers First Quantum Minerals to be Significantly Overvalued.
Key valuation signals for TSX:FM:
OCF Margin %: 29.91% (10% below median its 10-year median of 33.10)
GF Value™: C$22.23 vs. price of C$37.44 (68.4% above fair value)
Industry Position: 569.9% above the Metals & Mining median (#104 of 846)
No single metric tells the full story. See the TSX:FM 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.
75GF Score
Get the complete analysis for TSX:FM
OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:FM has been successfully added to your 
