FIRST MAJESTIC SILVER CORP (AG.CA) Stock Fundamental Analysis
TSX:AG - Toronto Stock Exchange - CA32076V1031 - Common Stock - Currency: CAD
We assign a fundamental rating of 5 out of 10 to AG. AG was compared to 797 industry peers in the Metals & Mining industry. Both the profitability and the financial health of AG get a neutral evaluation. Nothing too spectacular is happening here. AG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
AG had negative earnings in the past year.
In the past year AG had a positive cash flow from operations.
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
AG's Return On Assets of -2.03% is fine compared to the rest of the industry. AG outperforms 79.42% of its industry peers.
AG's Return On Equity of -3.39% is fine compared to the rest of the industry. AG outperforms 78.17% of its industry peers.
AG has a better Return On Invested Capital (1.46%) than 89.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -3.39% | ||
| ROIC | 1.46% |
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
With an excellent Operating Margin value of 11.16%, AG belongs to the best of the industry, outperforming 89.71% of the companies in the same industry.
AG's Operating Margin has declined in the last couple of years.
AG has a Gross Margin of 22.59%. This is amongst the best in the industry. AG outperforms 89.08% of its industry peers.
AG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.16% | ||
| PM (TTM) | N/A | ||
| GM | 22.59% |
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.
The number of shares outstanding for AG has been increased compared to 1 year ago.
Compared to 5 years ago, AG has more shares outstanding
Compared to 1 year ago, AG has an improved debt to assets ratio.
2.2 Solvency
AG has an Altman-Z score of 1.75. This is a bad value and indicates that AG is not financially healthy and even has some risk of bankruptcy.
AG's Altman-Z score of 1.75 is in line compared to the rest of the industry. AG outperforms 52.20% of its industry peers.
AG has a debt to FCF ratio of 4.34. This is a neutral value as AG would need 4.34 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.34, AG belongs to the top of the industry, outperforming 91.59% of the companies in the same industry.
AG has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AG (0.09) is worse than 62.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 1.75 |
ROIC/WACC0.17
WACC8.49%
2.3 Liquidity
A Current Ratio of 3.19 indicates that AG has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.19, AG is doing good in the industry, outperforming 65.24% of the companies in the same industry.
A Quick Ratio of 2.74 indicates that AG has no problem at all paying its short term obligations.
The Quick ratio of AG (2.74) is better than 62.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.19 | ||
| Quick Ratio | 2.74 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 86.67% over the past year.
Looking at the last year, AG shows a very strong growth in Revenue. The Revenue has grown by 33.60%.
The Revenue has been growing by 9.02% on average over the past years. This is quite good.
EPS 1Y (TTM)86.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%183.33%
Revenue 1Y (TTM)33.6%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%130.1%
3.2 Future
AG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 34.82% yearly.
AG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.29% yearly.
EPS Next Y312.34%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
EPS Next 5Y34.82%
Revenue Next Year88.72%
Revenue Next 2Y37.18%
Revenue Next 3Y33.83%
Revenue Next 5Y17.29%
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
The Price/Earnings Ratio is negative for AG. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 29.26, which means the current valuation is very expensive for AG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AG indicates a rather cheap valuation: AG is cheaper than 87.08% of the companies listed in the same industry.
AG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 35.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 29.26 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AG indicates a rather cheap valuation: AG is cheaper than 90.72% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AG indicates a rather cheap valuation: AG is cheaper than 90.34% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 78.74 | ||
| EV/EBITDA | 16.73 |
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's earnings are expected to grow with 63.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y107.31%
EPS Next 3Y63.08%
5. Dividend
5.1 Amount
AG has a yearly dividend return of 0.30%, which is pretty low.
AG's Dividend Yield is rather good when compared to the industry average which is at 16.93. AG pays more dividend than 94.48% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, AG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.3% |
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
AG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-8.13%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
TSX:AG (8/7/2025, 7:00:00 PM)
12.01
+0.48 (+4.16%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners53.25%
Inst Owner ChangeN/A
Ins Owners1.03%
Ins Owner ChangeN/A
Market Cap5.85B
Analysts76.92
Price Target12.73 (6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.3% |
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-8.13%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.4%
Min EPS beat(2)-21.7%
Max EPS beat(2)-19.09%
EPS beat(4)0
Avg EPS beat(4)-121.63%
Min EPS beat(4)-239.81%
Max EPS beat(4)-19.09%
EPS beat(8)2
Avg EPS beat(8)-127.51%
EPS beat(12)3
Avg EPS beat(12)-116.76%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.74%
Min Revenue beat(2)-1.73%
Max Revenue beat(2)5.21%
Revenue beat(4)2
Avg Revenue beat(4)2.71%
Min Revenue beat(4)-1.73%
Max Revenue beat(4)7.48%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)21.35%
EPS NQ rev (1m)-85%
EPS NQ rev (3m)-80%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)19.92%
Revenue NQ rev (3m)19.92%
Revenue NY rev (1m)12.43%
Revenue NY rev (3m)12.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 29.26 | ||
| P/S | 6.1 | ||
| P/FCF | 78.74 | ||
| P/OCF | 21.83 | ||
| P/B | 1.76 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 16.73 |
EPS(TTM)-0.03
EYN/A
EPS(NY)0.41
Fwd EY3.42%
FCF(TTM)0.15
FCFY1.27%
OCF(TTM)0.55
OCFY4.58%
SpS1.97
BVpS6.83
TBVpS6.83
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -3.39% | ||
| ROCE | 2.02% | ||
| ROIC | 1.46% | ||
| ROICexc | 1.63% | ||
| ROICexgc | 1.63% | ||
| OM | 11.16% | ||
| PM (TTM) | N/A | ||
| GM | 22.59% | ||
| FCFM | 7.74% |
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
ROICexcg growth 3Y-32.27%
ROICexcg 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-Score6
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 0.92 | ||
| Cap/Depr | 86.98% | ||
| Cap/Sales | 20.18% | ||
| Interest Coverage | 9.44 | ||
| Cash Conversion | 81.27% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.19 | ||
| Quick Ratio | 2.74 | ||
| Altman-Z | 1.75 |
F-Score6
WACC8.49%
ROIC/WACC0.17
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)86.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%183.33%
EPS Next Y312.34%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
EPS Next 5Y34.82%
Revenue 1Y (TTM)33.6%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%130.1%
Revenue Next Year88.72%
Revenue Next 2Y37.18%
Revenue Next 3Y33.83%
Revenue Next 5Y17.29%
EBIT growth 1Y310.13%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year123.2%
EBIT Next 3Y43.87%
EBIT Next 5Y21.37%
FCF growth 1Y126.94%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y594.47%
OCF growth 3Y30.28%
OCF growth 5Y1.65%