FIRST MAJESTIC SILVER CORP (AG.CA) Stock Fundamental Analysis
TSX:AG - Toronto Stock Exchange - CA32076V1031 - Common Stock - Currency: CAD
Taking everything into account, AG scores 5 out of 10 in our fundamental rating. AG was compared to 811 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AG has reported negative net income.
In the past year AG had a positive cash flow from operations.
AG had negative earnings in 4 of the past 5 years.
Each year in the past 5 years AG had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -5.13%, AG is in the better half of the industry, outperforming 70.90% of the companies in the same industry.
AG's Return On Equity of -7.42% is fine compared to the rest of the industry. AG outperforms 69.42% of its industry peers.
The Return On Invested Capital of AG (0.65%) is better than 88.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.13% | ||
| ROE | -7.42% | ||
| ROIC | 0.65% |
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
The Operating Margin of AG (3.02%) is better than 89.03% of its industry peers.
In the last couple of years the Operating Margin of AG has declined.
AG has a better Gross Margin (16.71%) than 87.05% of its industry peers.
In the last couple of years the Gross Margin of AG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.02% | ||
| PM (TTM) | N/A | ||
| GM | 16.71% |
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
AG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AG has more shares outstanding
AG has a better debt/assets ratio than last year.
2.2 Solvency
AG has an Altman-Z score of 3.02. This indicates that AG is financially healthy and has little risk of bankruptcy at the moment.
AG's Altman-Z score of 3.02 is fine compared to the rest of the industry. AG outperforms 61.16% of its industry peers.
The Debt to FCF ratio of AG is 6.94, which is on the high side as it means it would take AG, 6.94 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 6.94, AG belongs to the best of the industry, outperforming 91.25% of the companies in the same industry.
AG has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
AG's Debt to Equity ratio of 0.17 is on the low side compared to the rest of the industry. AG is outperformed by 64.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 6.94 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.07
WACC8.71%
2.3 Liquidity
A Current Ratio of 3.05 indicates that AG has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.05, AG is doing good in the industry, outperforming 65.23% of the companies in the same industry.
A Quick Ratio of 2.44 indicates that AG has no problem at all paying its short term obligations.
The Quick ratio of AG (2.44) is better than 62.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.44 |
3. Growth
3.1 Past
The earnings per share for AG have decreased strongly by -44.44% in the last year.
The Revenue has decreased by -2.30% in the past year.
Measured over the past years, AG shows a quite strong growth in Revenue. The Revenue has been growing by 9.02% on average per year.
EPS 1Y (TTM)-44.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%200%
Revenue 1Y (TTM)-2.3%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%25.82%
3.2 Future
The Earnings Per Share is expected to grow by 17.76% on average over the next years. This is quite good.
AG is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 25.00% yearly.
EPS Next Y312.34%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
EPS Next 5Y17.76%
Revenue Next Year67.86%
Revenue Next 2Y35.49%
Revenue Next 3Y25%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for AG. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 22.58, AG is valued on the expensive side.
AG's Price/Forward Earnings ratio is rather cheap when compared to the industry. AG is cheaper than 89.03% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.20. AG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 22.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AG is valued cheaply inside the industry as 90.26% of the companies are valued more expensively.
90.75% of the companies in the same industry are more expensive than AG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 81.92 | ||
| EV/EBITDA | 21.12 |
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'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 0.38%, which is pretty low.
Compared to an average industry Dividend Yield of 2.89, AG pays a better dividend. On top of this AG pays more dividend than 94.70% of the companies listed in the same industry.
With a Dividend Yield of 0.38, AG pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
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
The earnings of AG are negative and hence is the payout ratio. AG will probably not be able to sustain this dividend level.
DP-5.2%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
TSX:AG (4/30/2025, 7:00:00 PM)
8.62
-0.03 (-0.35%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners39.36%
Inst Owner ChangeN/A
Ins Owners1.01%
Ins Owner ChangeN/A
Market Cap4.17B
Analysts76.92
Price Target10.49 (21.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-5.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-112.5%
Min EPS beat(2)-205.91%
Max EPS beat(2)-19.09%
EPS beat(4)0
Avg EPS beat(4)-178.56%
Min EPS beat(4)-249.44%
Max EPS beat(4)-19.09%
EPS beat(8)3
Avg EPS beat(8)-112.29%
EPS beat(12)3
Avg EPS beat(12)-125.38%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.55%
Min Revenue beat(2)-0.11%
Max Revenue beat(2)5.21%
Revenue beat(4)2
Avg Revenue beat(4)-1.1%
Min Revenue beat(4)-16.99%
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)5.11%
PT rev (3m)3.06%
EPS NQ rev (1m)10.71%
EPS NQ rev (3m)40.91%
EPS NY rev (1m)11.67%
EPS NY rev (3m)3.08%
Revenue NQ rev (1m)4.33%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.59%
Revenue NY rev (3m)15.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 22.58 | ||
| P/S | 5.38 | ||
| P/FCF | 81.92 | ||
| P/OCF | 19.86 | ||
| P/B | 2.2 | ||
| P/tB | 2.2 | ||
| EV/EBITDA | 21.12 |
EPS(TTM)-0.18
EYN/A
EPS(NY)0.38
Fwd EY4.43%
FCF(TTM)0.11
FCFY1.22%
OCF(TTM)0.43
OCFY5.03%
SpS1.6
BVpS3.92
TBVpS3.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.13% | ||
| ROE | -7.42% | ||
| ROCE | 0.9% | ||
| ROIC | 0.65% | ||
| ROICexc | 0.73% | ||
| ROICexgc | 0.73% | ||
| OM | 3.02% | ||
| PM (TTM) | N/A | ||
| GM | 16.71% | ||
| FCFM | 6.57% |
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 Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 6.94 | ||
| Debt/EBITDA | 1.67 | ||
| Cap/Depr | 91.74% | ||
| Cap/Sales | 20.54% | ||
| Interest Coverage | 1.93 | ||
| Cash Conversion | 106.72% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.44 | ||
| Altman-Z | 3.02 |
F-Score6
WACC8.71%
ROIC/WACC0.07
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)-44.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%200%
EPS Next Y312.34%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
EPS Next 5Y17.76%
Revenue 1Y (TTM)-2.3%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%25.82%
Revenue Next Year67.86%
Revenue Next 2Y35.49%
Revenue Next 3Y25%
Revenue Next 5YN/A
EBIT growth 1Y148.45%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year107.7%
EBIT Next 3Y27.75%
EBIT Next 5Y26.69%
FCF growth 1Y143.28%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y149.82%
OCF growth 3Y30.28%
OCF growth 5Y1.65%