FIRST MAJESTIC SILVER CORP (AG.CA) Stock Fundamental Analysis
Canada - TSX:AG - CA32076V1031 - Common Stock
14.87 CAD
+0.28 (+1.92%)
Overall AG gets a fundamental rating of 7 out of 10. We evaluated AG against 807 industry peers in the Metals & Mining industry. AG has an excellent financial health rating, but there are some minor concerns on its profitability. AG is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, AG could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
In the past year AG was profitable.
In the past year AG had a positive cash flow from operations.
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.
1.2 Ratios
AG's Return On Assets of 0.36% is amongst the best of the industry. AG outperforms 85.38% of its industry peers.
AG has a better Return On Equity (0.59%) than 86.00% of its industry peers.
With an excellent Return On Invested Capital value of 2.03%, AG belongs to the best of the industry, outperforming 89.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 0.59% | ||
| ROIC | 2.03% |
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 1.78%, AG belongs to the top of the industry, outperforming 89.34% of the companies in the same industry.
Looking at the Operating Margin, with a value of 13.29%, AG belongs to the top of the industry, outperforming 90.71% of the companies in the same industry.
In the last couple of years the Operating Margin of AG has declined.
The Gross Margin of AG (23.31%) is better than 89.59% of its industry peers.
In the last couple of years the Gross Margin of AG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.29% | ||
| PM (TTM) | 1.78% | ||
| GM | 23.31% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
Compared to 1 year ago, AG has an improved debt to assets ratio.
2.2 Solvency
AG has an Altman-Z score of 2.21. This is not the best score and indicates that AG is in the grey zone with still only limited risk for bankruptcy at the moment.
AG has a Altman-Z score of 2.21. This is comparable to the rest of the industry: AG outperforms 51.92% of its industry peers.
The Debt to FCF ratio of AG is 2.24, which is a good value as it means it would take AG, 2.24 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AG (2.24) is better than 92.69% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that AG is not too dependend on debt financing.
AG's Debt to Equity ratio of 0.09 is on the low side compared to the rest of the industry. AG is outperformed by 62.21% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.21 |
ROIC/WACC0.23
WACC8.84%
2.3 Liquidity
A Current Ratio of 3.27 indicates that AG has no problem at all paying its short term obligations.
AG has a better Current ratio (3.27) than 65.80% of its industry peers.
A Quick Ratio of 2.84 indicates that AG has no problem at all paying its short term obligations.
The Quick ratio of AG (2.84) is better than 63.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 2.84 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 145.00% over the past year.
The Revenue has grown by 61.34% in the past year. This is a very strong growth!
The Revenue has been growing by 9.02% on average over the past years. This is quite good.
EPS 1Y (TTM)145%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%157.14%
Revenue 1Y (TTM)61.34%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%94.05%
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.
The Revenue is expected to grow by 20.49% on average over the next years. This is a very strong growth
EPS Next Y248.56%
EPS Next 2Y91%
EPS Next 3Y65.04%
EPS Next 5Y34.82%
Revenue Next Year90.5%
Revenue Next 2Y37.18%
Revenue Next 3Y33.83%
Revenue Next 5Y20.49%
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
Based on the Price/Earnings ratio of 123.92, the valuation of AG can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AG indicates a rather cheap valuation: AG is cheaper than 86.49% of the companies listed in the same industry.
AG is valuated expensively when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 50.22, AG can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, AG is valued cheaper than 86.86% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.77, AG is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 123.92 | ||
| Fwd PE | 50.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AG is valued cheaper than 91.33% of the companies in the same industry.
AG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AG is cheaper than 91.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.04 | ||
| EV/EBITDA | 15.72 |
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.
The decent profitability rating of AG may justify a higher PE ratio.
A more expensive valuation may be justified as AG's earnings are expected to grow with 65.04% in the coming years.
PEG (NY)0.5
PEG (5Y)N/A
EPS Next 2Y91%
EPS Next 3Y65.04%
5. Dividend
5.1 Amount
AG has a yearly dividend return of 0.23%, which is pretty low.
AG's Dividend Yield is rather good when compared to the industry average which is at 13.98. AG pays more dividend than 94.67% of the companies in the same industry.
With a Dividend Yield of 0.23, AG pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.23% |
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 pays out 52.76% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP52.76%
EPS Next 2Y91%
EPS Next 3Y65.04%
TSX:AG (9/15/2025, 7:00:00 PM)
14.87
+0.28 (+1.92%)
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 Cap7.25B
Analysts76.92
Price Target14.14 (-4.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.23% |
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP52.76%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)68.6%
Min EPS beat(2)-21.7%
Max EPS beat(2)158.9%
EPS beat(4)1
Avg EPS beat(4)-21.95%
Min EPS beat(4)-205.91%
Max EPS beat(4)158.9%
EPS beat(8)2
Avg EPS beat(8)-112.05%
EPS beat(12)4
Avg EPS beat(12)-88.25%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.54%
Min Revenue beat(2)-9.35%
Max Revenue beat(2)-1.73%
Revenue beat(4)1
Avg Revenue beat(4)-1.5%
Min Revenue beat(4)-9.35%
Max Revenue beat(4)5.21%
Revenue beat(8)3
Avg Revenue beat(8)-1.68%
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)6.95%
PT rev (3m)32.23%
EPS NQ rev (1m)135.75%
EPS NQ rev (3m)-35.29%
EPS NY rev (1m)-30.04%
EPS NY rev (3m)-30.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.94%
Revenue NY rev (3m)13.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 123.92 | ||
| Fwd PE | 50.22 | ||
| P/S | 6.34 | ||
| P/FCF | 50.04 | ||
| P/OCF | 19.54 | ||
| P/B | 2.1 | ||
| P/tB | 2.1 | ||
| EV/EBITDA | 15.72 |
EPS(TTM)0.12
EY0.81%
EPS(NY)0.3
Fwd EY1.99%
FCF(TTM)0.3
FCFY2%
OCF(TTM)0.76
OCFY5.12%
SpS2.34
BVpS7.08
TBVpS7.08
PEG (NY)0.5
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 0.59% | ||
| ROCE | 2.82% | ||
| ROIC | 2.03% | ||
| ROICexc | 2.3% | ||
| ROICexgc | 2.3% | ||
| OM | 13.29% | ||
| PM (TTM) | 1.78% | ||
| GM | 23.31% | ||
| FCFM | 12.68% |
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-Score7
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 2.24 | ||
| Debt/EBITDA | 0.71 | ||
| Cap/Depr | 80.1% | ||
| Cap/Sales | 19.78% | ||
| Interest Coverage | 13.25 | ||
| Cash Conversion | 85.46% | ||
| Profit Quality | 710.79% | ||
| Current Ratio | 3.27 | ||
| Quick Ratio | 2.84 | ||
| Altman-Z | 2.21 |
F-Score7
WACC8.84%
ROIC/WACC0.23
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)145%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%157.14%
EPS Next Y248.56%
EPS Next 2Y91%
EPS Next 3Y65.04%
EPS Next 5Y34.82%
Revenue 1Y (TTM)61.34%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%94.05%
Revenue Next Year90.5%
Revenue Next 2Y37.18%
Revenue Next 3Y33.83%
Revenue Next 5Y20.49%
EBIT growth 1Y474.86%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year123.2%
EBIT Next 3Y43.87%
EBIT Next 5Y21.26%
FCF growth 1Y179.13%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y304.14%
OCF growth 3Y30.28%
OCF growth 5Y1.65%