FIRST MAJESTIC SILVER CORP (AG.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:AG - CA32076V1031 - Common Stock
30.71 CAD
-0.35 (-1.13%)
AG gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 817 industry peers in the Metals & Mining industry. AG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. AG is growing strongly while it is still valued neutral. This is a good combination! With these ratings, AG could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
- AG had positive earnings in the past year.
- AG had a positive operating cash flow in the past year.
- In the past 5 years AG reported 4 times negative net income.
- In the past 5 years AG always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of AG (1.61%) is better than 85.92% of its industry peers.
- AG has a Return On Equity of 2.63%. This is amongst the best in the industry. AG outperforms 86.54% of its industry peers.
- AG has a Return On Invested Capital of 3.31%. This is amongst the best in the industry. AG outperforms 90.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 2.63% | ||
| ROIC | 3.31% |
ROA(3y)-5.8%
ROA(5y)-3.15%
ROE(3y)-8.53%
ROE(5y)-4.64%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 7.07%, AG belongs to the top of the industry, outperforming 91.19% of the companies in the same industry.
- With an excellent Operating Margin value of 19.10%, AG belongs to the best of the industry, outperforming 92.04% of the companies in the same industry.
- AG's Operating Margin has declined in the last couple of years.
- AG has a better Gross Margin (27.78%) than 90.33% of its industry peers.
- AG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.1% | ||
| PM (TTM) | 7.07% | ||
| GM | 27.78% |
OM growth 3Y-29.38%
OM growth 5Y-16.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y-14.71%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AG is destroying value.
- Compared to 1 year ago, AG has more shares outstanding
- AG has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for AG has been reduced compared to a year ago.
2.2 Solvency
- AG has an Altman-Z score of 4.37. This indicates that AG is financially healthy and has little risk of bankruptcy at the moment.
- With a Altman-Z score value of 4.37, AG perfoms like the industry average, outperforming 51.90% of the companies in the same industry.
- The Debt to FCF ratio of AG is 1.56, which is an excellent value as it means it would take AG, only 1.56 years of fcf income to pay off all of its debts.
- AG's Debt to FCF ratio of 1.56 is amongst the best of the industry. AG outperforms 93.02% of its industry peers.
- A Debt/Equity ratio of 0.09 indicates that AG is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.09, AG is doing worse than 62.42% of the companies in the same industry.
- Although AG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.56 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.35
WACC9.55%
2.3 Liquidity
- AG has a Current Ratio of 3.38. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
- With a decent Current ratio value of 3.38, AG is doing good in the industry, outperforming 65.48% of the companies in the same industry.
- AG has a Quick Ratio of 2.96. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
- AG's Quick ratio of 2.96 is fine compared to the rest of the industry. AG outperforms 63.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.38 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
- AG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 200.00%, which is quite impressive.
- Looking at the last year, AG shows a very strong growth in Revenue. The Revenue has grown by 83.84%.
- The Revenue has been growing by 9.02% on average over the past years. This is quite good.
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%333.33%
Revenue 1Y (TTM)83.84%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%95.11%
3.2 Future
- AG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.84% yearly.
- The Revenue is expected to grow by 25.94% on average over the next years. This is a very strong growth
EPS Next Y320.26%
EPS Next 2Y158.05%
EPS Next 3Y95.8%
EPS Next 5Y47.84%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%
3.3 Evolution
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- AG is valuated quite expensively with a Price/Earnings ratio of 118.12.
- 86.41% of the companies in the same industry are more expensive than AG, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 27.32. AG is valued rather expensively when compared to this.
- A Price/Forward Earnings ratio of 36.76 indicates a quite expensive valuation of AG.
- Based on the Price/Forward Earnings ratio, AG is valued cheaply inside the industry as 87.64% of the companies are valued more expensively.
- AG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.12 | ||
| Fwd PE | 36.76 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, AG is valued cheaply inside the industry as 91.06% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, AG is valued cheaper than 92.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 71.97 | ||
| EV/EBITDA | 25.43 |
4.3 Compensation for Growth
- AG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- AG has a very decent profitability rating, which may justify a higher PE ratio.
- AG's earnings are expected to grow with 95.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y158.05%
EPS Next 3Y95.8%
5. Dividend
5.1 Amount
- AG has a yearly dividend return of 0.12%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.64, AG pays a better dividend. On top of this AG pays more dividend than 94.61% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.86, AG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.12% |
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
5.3 Sustainability
- 12.79% of the earnings are spent on dividend by AG. This is a low number and sustainable payout ratio.
DP12.79%
EPS Next 2Y158.05%
EPS Next 3Y95.8%
TSX:AG (1/21/2026, 7:00:00 PM)
30.71
-0.35 (-1.13%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)02-18 2026-02-18/amc
Inst Owners52.82%
Inst Owner ChangeN/A
Ins Owners1.07%
Ins Owner ChangeN/A
Market Cap15.08B
Revenue(TTM)965.57M
Net Income(TTM)68.31M
Analysts80
Price Target23.87 (-22.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.12% |
Yearly Dividend0.03
Dividend Growth(5Y)N/A
DP12.79%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.34%
Min EPS beat(2)-34.23%
Max EPS beat(2)158.9%
EPS beat(4)1
Avg EPS beat(4)20.97%
Min EPS beat(4)-34.23%
Max EPS beat(4)158.9%
EPS beat(8)2
Avg EPS beat(8)-73.49%
EPS beat(12)4
Avg EPS beat(12)-71.43%
EPS beat(16)4
Avg EPS beat(16)-92.21%
Revenue beat(2)0
Avg Revenue beat(2)-9.75%
Min Revenue beat(2)-10.14%
Max Revenue beat(2)-9.35%
Revenue beat(4)1
Avg Revenue beat(4)-4%
Min Revenue beat(4)-10.14%
Max Revenue beat(4)5.21%
Revenue beat(8)3
Avg Revenue beat(8)-2.51%
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)16.26%
PT rev (3m)57.52%
EPS NQ rev (1m)-12.5%
EPS NQ rev (3m)16.67%
EPS NY rev (1m)-4.14%
EPS NY rev (3m)73.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.12 | ||
| Fwd PE | 36.76 | ||
| P/S | 11.33 | ||
| P/FCF | 71.97 | ||
| P/OCF | 32.19 | ||
| P/B | 4.21 | ||
| P/tB | 4.21 | ||
| EV/EBITDA | 25.43 |
EPS(TTM)0.26
EY0.85%
EPS(NY)0.84
Fwd EY2.72%
FCF(TTM)0.43
FCFY1.39%
OCF(TTM)0.95
OCFY3.11%
SpS2.71
BVpS7.3
TBVpS7.3
PEG (NY)0.37
PEG (5Y)N/A
Graham Number6.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 2.63% | ||
| ROCE | 4.6% | ||
| ROIC | 3.31% | ||
| ROICexc | 3.86% | ||
| ROICexgc | 3.86% | ||
| OM | 19.1% | ||
| PM (TTM) | 7.07% | ||
| GM | 27.78% | ||
| FCFM | 15.74% |
ROA(3y)-5.8%
ROA(5y)-3.15%
ROE(3y)-8.53%
ROE(5y)-4.64%
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 3Y-32.27%
ROICexgc growth 5Y-22.93%
ROICexc growth 3Y-32.27%
ROICexc growth 5Y-22.93%
OM growth 3Y-29.38%
OM growth 5Y-16.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y-14.71%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.56 | ||
| Debt/EBITDA | 0.54 | ||
| Cap/Depr | 82.72% | ||
| Cap/Sales | 19.45% | ||
| Interest Coverage | 23.4 | ||
| Cash Conversion | 82.56% | ||
| Profit Quality | 222.42% | ||
| Current Ratio | 3.38 | ||
| Quick Ratio | 2.96 | ||
| Altman-Z | 4.37 |
F-Score7
WACC9.55%
ROIC/WACC0.35
Cap/Depr(3y)121.95%
Cap/Depr(5y)145.81%
Cap/Sales(3y)26.95%
Cap/Sales(5y)28.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%333.33%
EPS Next Y320.26%
EPS Next 2Y158.05%
EPS Next 3Y95.8%
EPS Next 5Y47.84%
Revenue 1Y (TTM)83.84%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%95.11%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%
EBIT growth 1Y1652.11%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year191.95%
EBIT Next 3Y69.69%
EBIT Next 5Y30.45%
FCF growth 1Y198.11%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y1519.43%
OCF growth 3Y30.28%
OCF growth 5Y1.65%
FIRST MAJESTIC SILVER CORP / AG.CA 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 6 / 10 to FIRST MAJESTIC SILVER CORP (AG.CA). This can be considered as Fairly Valued.
What is the profitability of AG stock?
FIRST MAJESTIC SILVER CORP (AG.CA) has a profitability rating of 6 / 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 320.26% 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 12.79%.