First Quantum Minerals Ltd (FM) - Net Assets
Based on the latest financial reports, First Quantum Minerals Ltd (FM) has net assets worth CA$11.16 Billion CAD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$25.24 Billion) and total liabilities (CA$14.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$11.16 Billion |
| % of Total Assets | 44.24% |
| Annual Growth Rate | 23.71% |
| 5-Year Change | 0.37% |
| 10-Year Change | 12.16% |
| Growth Volatility | 47.67 |
First Quantum Minerals Ltd - Net Assets Trend (1997–2025)
This chart illustrates how First Quantum Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Quantum Minerals Ltd (1997–2025)
The table below shows the annual net assets of First Quantum Minerals Ltd from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$11.54 Billion | -3.08% |
| 2024-12-31 | CA$11.90 Billion | +10.43% |
| 2023-12-31 | CA$10.78 Billion | -11.92% |
| 2022-12-31 | CA$12.24 Billion | +6.46% |
| 2021-12-31 | CA$11.49 Billion | +14.54% |
| 2020-12-31 | CA$10.04 Billion | -5.88% |
| 2019-12-31 | CA$10.66 Billion | -0.56% |
| 2018-12-31 | CA$10.72 Billion | +5.86% |
| 2017-12-31 | CA$10.13 Billion | -1.53% |
| 2016-12-31 | CA$10.29 Billion | -3.27% |
| 2015-12-31 | CA$10.63 Billion | +5.40% |
| 2014-12-31 | CA$10.09 Billion | +11.00% |
| 2013-12-31 | CA$9.09 Billion | +54.53% |
| 2012-12-31 | CA$5.88 Billion | +41.09% |
| 2011-12-31 | CA$4.17 Billion | +33.22% |
| 2010-12-31 | CA$3.13 Billion | +8.77% |
| 2009-12-31 | CA$2.88 Billion | +67.86% |
| 2008-12-31 | CA$1.71 Billion | -4.86% |
| 2007-12-31 | CA$1.80 Billion | +54.51% |
| 2006-12-31 | CA$1.17 Billion | +199.54% |
| 2005-12-31 | CA$389.23 Million | +143.22% |
| 2004-12-31 | CA$160.03 Million | +88.07% |
| 2003-12-31 | CA$85.09 Million | +52.71% |
| 2002-12-31 | CA$55.72 Million | +14.50% |
| 2001-12-31 | CA$48.67 Million | +45.02% |
| 2000-12-31 | CA$33.56 Million | +36.22% |
| 1999-12-31 | CA$24.64 Million | +7.32% |
| 1998-12-31 | CA$22.96 Million | -23.12% |
| 1997-12-31 | CA$29.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Quantum Minerals Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 488783151800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$4.88 Billion | 43.73% |
| Common Stock | CA$6.55 Billion | 58.67% |
| Total Equity | CA$11.16 Billion | 100.00% |
First Quantum Minerals Ltd Competitors by Market Cap
The table below lists competitors of First Quantum Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bridgestone Corporation
F:BGTA
|
$23.85 Billion |
|
Semiconductor Manufacturing International Corporation
F:MKN2
|
$23.85 Billion |
|
Compagnie Generale des Etablissements Michelin SCA
PA:ML
|
$23.87 Billion |
|
Qnity Electronics, Inc
NYSE:Q
|
$23.89 Billion |
|
Tractor Supply Company
NASDAQ:TSCO
|
$23.78 Billion |
|
Jabil Inc
F:JBL
|
$23.75 Billion |
|
Williams-Sonoma Inc
NYSE:WSM
|
$23.72 Billion |
|
HANSOH PHARMAC. HD-00001
F:3KY
|
$23.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Quantum Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,469,000,000 to 11,165,000,000, a change of -304,000,000 (-2.7%).
- Net loss of 28,000,000 reduced equity.
- Other comprehensive income decreased equity by 35,000,000.
- Other factors decreased equity by 241,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-28.00 Million | -0.25% |
| Other Comprehensive Income | CA$-35.00 Million | -0.31% |
| Other Changes | CA$-241.00 Million | -2.16% |
| Total Change | CA$- | -2.65% |
Book Value vs Market Value Analysis
This analysis compares First Quantum Minerals Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 119.28x to 2.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$0.33 | CA$39.70 | x |
| 1998-12-31 | CA$0.21 | CA$39.70 | x |
| 1999-12-31 | CA$0.25 | CA$39.70 | x |
| 2000-12-31 | CA$0.26 | CA$39.70 | x |
| 2001-12-31 | CA$0.26 | CA$39.70 | x |
| 2002-12-31 | CA$0.25 | CA$39.70 | x |
| 2003-12-31 | CA$0.33 | CA$39.70 | x |
| 2004-12-31 | CA$0.53 | CA$39.70 | x |
| 2005-12-31 | CA$1.15 | CA$39.70 | x |
| 2006-12-31 | CA$3.21 | CA$39.70 | x |
| 2007-12-31 | CA$4.65 | CA$39.70 | x |
| 2008-12-31 | CA$4.06 | CA$39.70 | x |
| 2009-12-31 | CA$6.14 | CA$39.70 | x |
| 2010-12-31 | CA$6.15 | CA$39.70 | x |
| 2011-12-31 | CA$8.18 | CA$39.70 | x |
| 2012-12-31 | CA$11.19 | CA$39.70 | x |
| 2013-12-31 | CA$14.14 | CA$39.70 | x |
| 2014-12-31 | CA$14.86 | CA$39.70 | x |
| 2015-12-31 | CA$14.79 | CA$39.70 | x |
| 2016-12-31 | CA$13.34 | CA$39.70 | x |
| 2017-12-31 | CA$13.06 | CA$39.70 | x |
| 2018-12-31 | CA$13.79 | CA$39.70 | x |
| 2019-12-31 | CA$13.74 | CA$39.70 | x |
| 2020-12-31 | CA$12.88 | CA$39.70 | x |
| 2021-12-31 | CA$14.48 | CA$39.70 | x |
| 2022-12-31 | CA$15.76 | CA$39.70 | x |
| 2023-12-31 | CA$14.83 | CA$39.70 | x |
| 2024-12-31 | CA$13.75 | CA$39.70 | x |
| 2025-12-31 | CA$13.48 | CA$39.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Quantum Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.53%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.26x
- Recent ROE (-0.25%) is below the historical average (4.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -14.35% | -6100.02% | 0.00x | 2.22x | CA$-7.27 Million |
| 1998 | -41.19% | -48.33% | 0.30x | 2.88x | CA$-11.75 Million |
| 1999 | -0.28% | -0.20% | 0.58x | 2.39x | CA$-2.53 Million |
| 2000 | 22.85% | 8.31% | 0.70x | 3.90x | CA$4.23 Million |
| 2001 | -45.26% | -15.19% | 0.89x | 3.34x | CA$-25.61 Million |
| 2002 | -7.08% | -7.38% | 0.52x | 1.83x | CA$-9.14 Million |
| 2003 | 5.35% | 7.30% | 0.38x | 1.94x | CA$-3.86 Million |
| 2004 | 17.75% | 24.67% | 0.24x | 3.00x | CA$12.23 Million |
| 2005 | 49.07% | 34.37% | 0.60x | 2.40x | CA$141.84 Million |
| 2006 | 43.42% | 36.49% | 0.64x | 1.87x | CA$356.63 Million |
| 2007 | 32.81% | 33.80% | 0.57x | 1.69x | CA$361.70 Million |
| 2008 | 3.28% | 2.64% | 0.58x | 2.15x | CA$-94.16 Million |
| 2009 | 18.64% | 24.35% | 0.42x | 1.84x | CA$214.85 Million |
| 2010 | -4.49% | -5.19% | 0.45x | 1.91x | CA$-398.53 Million |
| 2011 | 14.39% | 20.47% | 0.49x | 1.44x | CA$161.34 Million |
| 2012 | 33.26% | 60.09% | 0.39x | 1.41x | CA$1.24 Billion |
| 2013 | 5.76% | 12.91% | 0.23x | 1.94x | CA$-338.23 Million |
| 2014 | 9.37% | 23.57% | 0.20x | 2.00x | CA$-56.28 Million |
| 2015 | -5.18% | -19.75% | 0.13x | 1.95x | CA$-1.45 Billion |
| 2016 | -0.49% | -1.68% | 0.14x | 2.12x | CA$-964.40 Million |
| 2017 | -3.53% | -9.55% | 0.15x | 2.41x | CA$-1.21 Billion |
| 2018 | 4.64% | 11.12% | 0.17x | 2.48x | CA$-509.70 Million |
| 2019 | -0.60% | -1.40% | 0.16x | 2.62x | CA$-1.00 Billion |
| 2020 | -2.03% | -3.55% | 0.21x | 2.73x | CA$-1.07 Billion |
| 2021 | 8.31% | 11.54% | 0.29x | 2.52x | CA$-169.80 Million |
| 2022 | 9.49% | 13.56% | 0.30x | 2.30x | CA$-56.10 Million |
| 2023 | -9.31% | -14.78% | 0.27x | 2.32x | CA$-1.98 Billion |
| 2024 | 0.02% | 0.04% | 0.20x | 2.10x | CA$-1.14 Billion |
| 2025 | -0.25% | -0.53% | 0.21x | 2.26x | CA$-1.14 Billion |
Industry Comparison
This section compares First Quantum Minerals Ltd's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $29,785,858
- Average return on equity (ROE) among peers: -21.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Quantum Minerals Ltd (FM) | CA$11.16 Billion | -14.35% | 1.26x | $23.78 Billion |
| Amerigo Resources Ltd. (ARG) | $110.37 Million | 35.59% | 0.22x | $791.29 Million |
| Aranjin Resources Ltd (ARJN) | $-618.72K | 0.00% | 0.00x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $65.98 Million | -10.82% | 0.05x | $652.36 Million |
| Alta Copper Corp. (ATCU) | $69.54 Million | -2.63% | 0.00x | $94.73 Million |
| Axo Copper Corp (AXO) | $11.29 Million | -0.80% | 0.16x | $132.95 Million |
| Bell Copper Corp (BCU) | $8.47 Million | -25.63% | 0.04x | $9.38 Million |
| Capstone Mining Corp (CS) | $44.08K | -158.72% | 3.74x | $7.08 Billion |
| Copper Fox Metals Inc. (CUU) | $272.23K | 0.00% | 0.15x | $227.17 Million |
| Faraday Copper Corp. (FDY) | $2.73 Million | -30.49% | 0.03x | $480.47 Million |
About First Quantum Minerals Ltd
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, gold, nickel, silver, and zinc products. Its flagship project is the 100% owned Kansanshi project located in the northwestern Province of Zambia. The company was formerly known as First Quantum Ventures Ltd. and changed its n… Read more