FIRST MAJESTIC SILVER CORP (AG.CA) Fundamental Analysis & Valuation

TSX:AG • CA32076V1031

Current stock price

26.76 CAD
-2.01 (-6.99%)
Last:

This AG.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. AG.CA Profitability Analysis

1.1 Basic Checks

  • In the past year AG was profitable.
  • AG had a positive operating cash flow in the past year.
  • AG had negative earnings in 4 of the past 5 years.
  • AG had a positive operating cash flow in each of the past 5 years.
AG.CA Yearly Net Income VS EBIT VS OCF VS FCFAG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • The Return On Assets of AG (3.51%) is better than 87.56% of its industry peers.
  • AG's Return On Equity of 5.97% is amongst the best of the industry. AG outperforms 88.18% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.65%, AG belongs to the top of the industry, outperforming 91.04% of the companies in the same industry.
Industry RankSector Rank
ROA 3.51%
ROE 5.97%
ROIC 4.65%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
AG.CA Yearly ROA, ROE, ROICAG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10 -20 -30

1.3 Margins

  • With an excellent Profit Margin value of 13.12%, AG belongs to the best of the industry, outperforming 92.04% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AG has grown nicely.
  • AG's Operating Margin of 29.33% is amongst the best of the industry. AG outperforms 93.78% of its industry peers.
  • AG's Operating Margin has improved in the last couple of years.
  • AG has a better Gross Margin (36.41%) than 91.92% of its industry peers.
  • In the last couple of years the Gross Margin of AG has grown nicely.
Industry RankSector Rank
OM 29.33%
PM (TTM) 13.12%
GM 36.41%
OM growth 3YN/A
OM growth 5Y12.03%
PM growth 3YN/A
PM growth 5Y15.64%
GM growth 3Y138.51%
GM growth 5Y2.84%
AG.CA Yearly Profit, Operating, Gross MarginsAG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

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7

2. AG.CA Health Analysis

2.1 Basic Checks

  • AG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for AG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AG.CA Yearly Shares OutstandingAG.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
AG.CA Yearly Total Debt VS Total AssetsAG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • AG has an Altman-Z score of 3.78. This indicates that AG is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of AG (3.78) is comparable to the rest of the industry.
  • The Debt to FCF ratio of AG is 0.98, which is an excellent value as it means it would take AG, only 0.98 years of fcf income to pay off all of its debts.
  • AG has a Debt to FCF ratio of 0.98. This is amongst the best in the industry. AG outperforms 93.16% of its industry peers.
  • AG has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of AG (0.11) is worse than 63.56% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for AG, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.98
Altman-Z 3.78
ROIC/WACC0.41
WACC11.33%
AG.CA Yearly LT Debt VS Equity VS FCFAG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 2.60 indicates that AG has no problem at all paying its short term obligations.
  • AG has a Current ratio (2.60) which is comparable to the rest of the industry.
  • AG has a Quick Ratio of 2.41. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.41, AG is in line with its industry, outperforming 57.34% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.6
Quick Ratio 2.41
AG.CA Yearly Current Assets VS Current LiabilitesAG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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7

3. AG.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 453.85% over the past year.
  • Measured over the past years, AG shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.03% on average per year.
  • The Revenue has grown by 124.25% in the past year. This is a very strong growth!
  • Measured over the past years, AG shows a very strong growth in Revenue. The Revenue has been growing by 28.14% on average per year.
EPS 1Y (TTM)453.85%
EPS 3YN/A
EPS 5Y22.03%
EPS Q2Q%900%
Revenue 1Y (TTM)124.25%
Revenue growth 3Y26.28%
Revenue growth 5Y28.14%
Sales Q2Q%169.25%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.41% on average over the next years. This is quite good.
  • AG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.75% yearly.
EPS Next Y109.58%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
EPS Next 5Y9.41%
Revenue Next Year22.85%
Revenue Next 2Y24.63%
Revenue Next 3Y4.75%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AG.CA Yearly Revenue VS EstimatesAG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
AG.CA Yearly EPS VS EstimatesAG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.2 -0.2 0.4 0.6 0.8 1

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7

4. AG.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 42.48, the valuation of AG can be described as expensive.
  • Based on the Price/Earnings ratio, AG is valued cheaper than 86.94% of the companies in the same industry.
  • AG is valuated expensively when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • AG is valuated rather expensively with a Price/Forward Earnings ratio of 20.14.
  • Based on the Price/Forward Earnings ratio, AG is valued cheaply inside the industry as 88.31% of the companies are valued more expensively.
  • AG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 42.48
Fwd PE 20.14
AG.CA Price Earnings VS Forward Price EarningsAG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • AG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AG is cheaper than 91.67% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AG is valued cheaply inside the industry as 92.79% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 30.35
EV/EBITDA 14.92
AG.CA Per share dataAG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AG has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as AG's earnings are expected to grow with 25.21% in the coming years.
PEG (NY)0.39
PEG (5Y)1.93
EPS Next 2Y55.22%
EPS Next 3Y25.21%

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3

5. AG.CA Dividend Analysis

5.1 Amount

  • AG has a yearly dividend return of 0.13%, which is pretty low.
  • AG's Dividend Yield is rather good when compared to the industry average which is at 0.49. AG pays more dividend than 94.40% of the companies in the same industry.
  • With a Dividend Yield of 0.13, AG pays less dividend than the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 0.13%

5.2 History

  • AG has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
AG.CA Yearly Dividends per shareAG.CA Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0 0 0 0 0

5.3 Sustainability

  • AG pays out 5.97% of its income as dividend. This is a sustainable payout ratio.
DP5.97%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
AG.CA Yearly Income VS Free CF VS DividendAG.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M 300M
AG.CA Dividend Payout.AG.CA Dividend Payout, showing the Payout Ratio.AG.CA Dividend Payout.PayoutRetained Earnings

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AG.CA Fundamentals: All Metrics, Ratios and Statistics

FIRST MAJESTIC SILVER CORP

TSX:AG (3/26/2026, 7:00:00 PM)

26.76

-2.01 (-6.99%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-15
Earnings (Next)05-05
Inst Owners54.12%
Inst Owner ChangeN/A
Ins Owners1.1%
Ins Owner ChangeN/A
Market Cap13.19B
Revenue(TTM)1.26B
Net Income(TTM)164.92M
Analysts78.46
Price Target38.86 (45.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.13%
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP5.97%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)36.91%
Min EPS beat(2)-34.23%
Max EPS beat(2)108.04%
EPS beat(4)2
Avg EPS beat(4)52.75%
Min EPS beat(4)-34.23%
Max EPS beat(4)158.9%
EPS beat(8)2
Avg EPS beat(8)-62.91%
EPS beat(12)5
Avg EPS beat(12)-57.28%
EPS beat(16)5
Avg EPS beat(16)-80.84%
Revenue beat(2)1
Avg Revenue beat(2)0.67%
Min Revenue beat(2)-10.14%
Max Revenue beat(2)11.49%
Revenue beat(4)1
Avg Revenue beat(4)-2.43%
Min Revenue beat(4)-10.14%
Max Revenue beat(4)11.49%
Revenue beat(8)3
Avg Revenue beat(8)-1.77%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)20.95%
PT rev (3m)89.26%
EPS NQ rev (1m)81.08%
EPS NQ rev (3m)112.7%
EPS NY rev (1m)44%
EPS NY rev (3m)75.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.4%
Valuation
Industry RankSector Rank
PE 42.48
Fwd PE 20.14
P/S 7.61
P/FCF 30.35
P/OCF 18.2
P/B 3.47
P/tB 3.47
EV/EBITDA 14.92
EPS(TTM)0.63
EY2.35%
EPS(NY)1.33
Fwd EY4.97%
FCF(TTM)0.88
FCFY3.29%
OCF(TTM)1.47
OCFY5.5%
SpS3.51
BVpS7.72
TBVpS7.72
PEG (NY)0.39
PEG (5Y)1.93
Graham Number10.46
Profitability
Industry RankSector Rank
ROA 3.51%
ROE 5.97%
ROCE 8.71%
ROIC 4.65%
ROICexc 6.02%
ROICexgc 6.02%
OM 29.33%
PM (TTM) 13.12%
GM 36.41%
FCFM 25.08%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y12.03%
PM growth 3YN/A
PM growth 5Y15.64%
GM growth 3Y138.51%
GM growth 5Y2.84%
F-Score7
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.98
Debt/EBITDA 0.47
Cap/Depr 79.55%
Cap/Sales 16.76%
Interest Coverage 45.97
Cash Conversion 83.03%
Profit Quality 191.21%
Current Ratio 2.6
Quick Ratio 2.41
Altman-Z 3.78
F-Score7
WACC11.33%
ROIC/WACC0.41
Cap/Depr(3y)95.66%
Cap/Depr(5y)121.03%
Cap/Sales(3y)20.91%
Cap/Sales(5y)25.99%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)453.85%
EPS 3YN/A
EPS 5Y22.03%
EPS Q2Q%900%
EPS Next Y109.58%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
EPS Next 5Y9.41%
Revenue 1Y (TTM)124.25%
Revenue growth 3Y26.28%
Revenue growth 5Y28.14%
Sales Q2Q%169.25%
Revenue Next Year22.85%
Revenue Next 2Y24.63%
Revenue Next 3Y4.75%
Revenue Next 5YN/A
EBIT growth 1Y2081.22%
EBIT growth 3YN/A
EBIT growth 5Y43.56%
EBIT Next Year310.58%
EBIT Next 3Y56.03%
EBIT Next 5Y26.75%
FCF growth 1Y755.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y246.13%
OCF growth 3Y236.79%
OCF growth 5Y45.85%

FIRST MAJESTIC SILVER CORP / AG.CA Fundamental Analysis FAQ

What is the fundamental rating for AG stock?

ChartMill assigns a fundamental rating of 7 / 10 to AG.CA.


What is the valuation status of FIRST MAJESTIC SILVER CORP (AG.CA) stock?

ChartMill assigns a valuation rating of 7 / 10 to FIRST MAJESTIC SILVER CORP (AG.CA). This can be considered as Undervalued.


What is the profitability of AG stock?

FIRST MAJESTIC SILVER CORP (AG.CA) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for AG stock?

The Earnings per Share (EPS) of FIRST MAJESTIC SILVER CORP (AG.CA) is expected to grow by 109.58% in the next year.


Can you provide the dividend sustainability for AG stock?

The dividend rating of FIRST MAJESTIC SILVER CORP (AG.CA) is 3 / 10 and the dividend payout ratio is 5.97%.