First Quantum Minerals Valuation Multiples

First Quantum Minerals Overview

About First Quantum Minerals

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.

Founded

1996

HQ

Employees

15.7K

Website

first-quantum.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $6B

EBITDA: $2B

EV

$29B

Valuation Multiples

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First Quantum Minerals Financials

First Quantum Minerals reported last 12-month revenue of $6B and EBITDA of $2B.

In the same LTM period, First Quantum Minerals generated $2B in gross profit, $2B in EBITDA, and $162M in net income.

First Quantum Minerals P&L

In the most recent fiscal year, First Quantum Minerals reported revenue of $5B and EBITDA of $2B.

First Quantum Minerals expects next 12-month revenue of XXX and NTM EBITDA of XXX

First Quantum Minerals Stock Performance

First Quantum Minerals has current market cap of $24B, and enterprise value of $29B.

First Quantum Minerals' stock price is $28.82.

First Quantum Minerals Valuation Multiples

First Quantum Minerals trades at 5.2x EV/Revenue multiple, and 14.6x EV/EBITDA.

First Quantum Minerals Financial Valuation Multiples

As of April 20, 2026, First Quantum Minerals has market cap of $24B and EV of $29B.

Equity research analysts estimate First Quantum Minerals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

First Quantum Minerals has a P/E ratio of 147.0x.

First Quantum Minerals Margins & Growth Rates

First Quantum Minerals' revenue in the last 12 month grew by 29%.

First Quantum Minerals' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.

First Quantum Minerals' rule of 40 is 64% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

First Quantum Minerals' rule of X is 97% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

First Quantum Minerals Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

First Quantum Minerals M&A Activity

First Quantum Minerals acquired XXX companies to date.

Last acquisition by First Quantum Minerals was on XXXXXXXX, XXXXX. First Quantum Minerals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

First Quantum Minerals Investment Activity

First Quantum Minerals invested in XXX companies to date.

First Quantum Minerals made its latest investment on XXXXXXXX, XXXXX. First Quantum Minerals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).