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STOCK COMPARISON

First Quantum Minerals vs Southern Copper: Fair Value & Quality

Both stocks run through our valuation models. Here is how First Quantum Minerals (FM) and Southern Copper (SCCO) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Southern Copper as the less overvalued of the two: First Quantum Minerals trades at C$42.00 versus a fair value of C$10.06 (-76%), while Southern Copper trades at $193 versus $86.74 (-55%).
First Quantum Minerals
FM.TO · CAD · Materials
-76%
upside to fair value
overvalued
PriceC$42.00
Fair ValueC$10.06
Quality45/100
Southern Copper
SCCO · USD · Materials
-55%
upside to fair value
overvalued
Price$193
Fair Value$86.74
Quality71/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

First Quantum MineralsSouthern Copper
Valuation
P/E (TTM)30.8×
4.01×P/S (TTM)10.07×
1.96×P/B13.28×
15.8×EV/EBITDA16.8×
0.96×PEG5.41×
Dividend yield1.8%
Dividend per share$3.30
Profitability
-4%Net margin34%
10%Operating margin58%
-2%Return on equity46%
2%Return on assets24%
Growth
18%Revenue growth (YoY)36%
-11.8%Avg. growth/yr (3Y)10.1%
0.7%Avg. growth/yr (5Y)10.9%
Balance & size
0.45×Debt / equity0.61×
$22BMarket cap$147B
mixedGrowth qualityhealthy

Southern Copper leads: 5 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

First Quantum Mineralsof which business quality 41 · market factors 61 Southern Copperof which business quality 70 · market factors 66
ProfitabilityMargins and returns on capital today
12
81
Quality GrowthAre margins and returns improving?
50
76
CashflowEarnings quality: real cash, not paper profit
49
75
Fin. StrengthBalance sheet, leverage, solvency risk
40
82
InvestmentDisciplined investing over empire-building
65
55
Low VolatilityCalm price path (market factor)
10
36
MomentumPrice trend over the last 3–12 months (market factor)
78
71
52W MomentumDistance to the 52-week high (market factor)
91
90
Net IssuanceBuybacks instead of dilution
49
35

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

First Quantum Minerals

DCF ModelsC$20.06
Earnings-BasedC$1.25
MultiplesC$15.76
Asset-BasedC$9.03
Growth DCFC$15.21
Economic ProfitC$1.25

13 of 13 models see the stock below the current price.

Southern Copper

DCF Models$96.84
Earnings-Based$54.55
Dividend Discount$52.41
Multiples$72.06
Asset-Based$8.86
Growth DCF$67.43
Economic Profit$57.08
Growth Earnings$86.83

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

First Quantum Minerals
Bear C$5.98Fair Value C$10.06Bull C$14.14
C$42.00 = current price (white tick)
Southern Copper
Bear $50.39Fair Value $86.74Bull $110
$193 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

First Quantum Minerals · Materials

Quality score45 · below median
Fair value upside-76% · bottom 25%

Southern Copper · Materials

Quality score71 · Top 25%
Fair value upside-55% · below median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Southern Copper as the less overvalued of the two: First Quantum Minerals trades at C$42.00 versus a fair value of C$10.06 (-76%), while Southern Copper trades at $193 versus $86.74 (-55%).

Southern Copper has the higher quality score (71/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.