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← CockpitCompetitor Analysis › FDY.TO Faraday Copper CorpOpen in the cockpit ↗

Faraday Copper CorpFDY.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Other Metals/Minerals

Develops the Copper Creek copper porphyry project in Arizona.

Momentum laggard 10
Mkt cap
$1.21B
US dollars, full cap
Free float
30%
of shares outstanding
$/day
$3.77M
20-day average traded
P/B
8.07×
price to book
ROE
-46.4%
delivered
Implied ROE
95.4%
what the price asks
Next earnings
3 days
9 Nov 2026
Close · CADC$3.94
1D+4.0%
1W-3.2%
1M-23.6%
3M-36.2%
6M-18.1%
YTD+44.3%
1Y+97.0%
ATR %7.1%
52w lowhigh41.1% off high

What Faraday Copper does

Develops the Copper Creek copper porphyry project in Arizona.

Has no mine in production and earns nothing from sales; spending on drilling and studies is funded by raising capital from investors. Value turns on proving up the Arizona deposit and later finding a partner or financing to build a mine.

Products and services

  • Copper Creek project

Where it sits in the supply chain

  • Critical minerals
  • Copper exploration & development
  • Porphyry project, US Southwest

What could go right

  • US critical-minerals/copper supply-chain support
  • Rising copper demand

What could go wrong

  • Financing needs to reach construction
  • US permitting timelines

Moat: none (installed base). Large historic land package in a proven district but still pre-construction.

Headquarters: Toronto, Canada · Employees: 25

Named competitors

Faraday Copper at a glance

Size Faraday Copper (FDY.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $1.21B, the 226th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.94 on 6 Nov 2026.

Performance Over six months the shares fell 18.1%, against -27.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 20 in its peer set.

Valuation It trades at 8.07× book value against a peer median of 2.81× (2nd most expensive of 18).

Price implies The share price implies a return on equity of about 95.4%; Faraday Copper delivers -46.4%, so the price asks more than the business earns today.

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026FDY.TO 75Peer median 70
Six months, rebased to 100: Faraday Copper against the median of its 20 peers (local-currency closes).

Faraday Copper financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$0C$0C$0C$0C$0
Revenue growth—————
Gross profit-C$352,807-C$298,352-C$210,402-C$134,820-C$55,629
EBITDA-C$44.1M-C$28.4M-C$23.5M-C$21.5M-C$21.5M
Net income-C$38.5M-C$27.9M-C$22.5M-C$20.5M-C$21.3M
Free cash flow-C$35.8M-C$28.0M-C$20.1M-C$33.7M-C$15.7M
Capital expenditureC$660,258C$750,958C$501,182C$14.7MC$1.57M
Total debtC$0C$0C$0C$0C$0

Quarterly statements and history in the cockpit →

Faraday Copper competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-75%-50%-25%0%-20%0%IESLSERA301357EMATGRAVITACNL603124UROY300618AFM2546ZIMJAINRECUSA000795LTRTMC2362FDY.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Faraday Copper is the large dot.

Fundamentals: return on equity against price-to-book

-50%0%50%00×50×100×IEERA301357GRAVITACNL603124UROY300618AFMFOIL2546ZIMJAINRECUSA000795FDY.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Faraday Copper is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%100%-50%0%50%100%IEERA301357GRAVITACNL603124300618AFMZIMJAINRECUSA000795LTRFDY.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Faraday Copper is the large dot.

Faraday Copper competitors and peer comparison

Head to head with its named competitors (FDY.TO vs EMAT vs SLS.TO vs CS.TO)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Faraday Copper FDY.TO$1.21B-18%n/a-46%8.07×95.4%
Evolution Metals & Technologies EMAT$1.23B-79%n/an/an/an/a
Solaris Resources SLS.TO$1.19B-28%n/an/an/an/a
Capstone Copper CS.TO$6.01B-8%+30%9%1.60×22.0%

How Faraday Copper compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Faraday Copper against its 20 peers (data as of 6 Nov 2026)
MeasureFDY.TOPeer medianRank in peer set
1-month return-23.6%-17.6%6th lowest of 21
6-month return-18.1%-27.6%7th highest of 20
Return on equity-46.4%8.3%4th lowest of 19
Price / book8.07×2.81×2nd most expensive of 18
ROE the price implies95.4%26.3%2nd most demanding of 18
ROE delivered-46.4%7.6%4th lowest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Faraday Copper FDY.TOCanada$1.21B-18%n/a-46%8.07×95.4%-46.4%
Ivanhoe Electric IEUnited States$1.21B-45%-21%-8%2.30×22.7%-8.4%
Solaris Resources SLS.TOCanada$1.19B-28%n/an/an/an/an/a
Eramet ERA.PAFrance$1.19B-38%0%-70%2.40×16.0%-70.0%
North Long Dragon New Materials Tech 301357.SZChina$1.23B-20%-9%-2%7.42×91.3%-2.3%
Evolution Metals & Technologies EMATUnited States$1.23B-79%n/an/an/an/an/a
Gravita India GRAVITA.NSIndia$1.17B-17%+24%16%4.11×67.0%16.2%
Collective Mining CNL.TOCanada$1.17B-22%n/a-60%10.64×54.5%-60.1%
Jiangxi Jiangnan New Material Technology 603124.SSChina$1.16B-37%+19%16%5.68×101.0%16.4%
Uranium Royalty UROYUnited States$1.16B-24%+1,570%15%1.20×14.2%n/a
Nanjing Hanrui Cobalt 300618.SZChina$1.27B-49%+11%-1%1.42×19.6%-0.6%
Alphamin Resources AFM.VCanada$1.12B-15%+45%56%2.81×17.8%55.8%
Londian Wason New Energy Tech, Inc. Unsponsored ADR FOILUnited States$1.11Bn/a+25%0%1.38×26.3%n/a
Xizang Zhihui Mining 2546.HKHong Kong$1.08B+8%+104%11%4.37×37.8%n/a
Zimplats ZIM.AXAustralia$1.06B-15%+50%14%0.50×6.3%14.0%
Jain Resource Recycling JAINREC.NSIndia$1.05B-43%+48%23%5.74×39.5%23.0%
Americas Gold and Silver USA.TOCanada$1.05B-50%+86%-27%3.49×44.3%-27.1%
Innuovo Technology 000795.SZChina$1.42B-8%+21%9%3.43×29.7%9.5%
Liontown LTR.AXAustralia$1.43B-75%+115%9%1.39×20.5%9.0%
TMC TMCUnited States$1.00B-60%n/a-1,123%n/an/a-1,123.2%
Jinchuan Group International Resources 2362.HKHong Kong$997M+4%+65%8%0.98×8.9%7.6%

Questions

Who are Faraday Copper's main competitors?
Named competitors: Ivanhoe Electric (EMAT), Solaris Resources (SLS.TO), Capstone Copper (CS.TO), Arizona Sonoran Copper (private or unlisted). The cockpit's measured peer set (industry) also includes Ivanhoe Electric (IE), Solaris Resources (SLS.TO), Eramet (ERA.PA), North Long Dragon New Materials Tech (301357.SZ), Evolution Metals & Technologies (EMAT), Gravita India (GRAVITA.NS).
Is Faraday Copper expensive compared with its peers?
On price / book it trades at 8.07× against a peer median of 2.81×, 2nd most expensive of 18 in its peer set. The share price implies a return on equity of about 95.4%; Faraday Copper delivers -46.4%, so the price asks more than the business earns today.
How has Faraday Copper stock performed?
Over six months to 6 Nov 2026 the shares returned -18.1% against -27.6% for the median peer; over one year +97.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.