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 805 industry peers in the Metals & Mining industry. AG has an average financial health and profitability rating. AG has a decent growth rate and is not valued too expensively.
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.
In the past 5 years AG always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AG (-2.03%) is better than 79.50% of its industry peers.
Looking at the Return On Equity, with a value of -3.39%, AG is in the better half of the industry, outperforming 78.14% of the companies in the same industry.
AG's Return On Invested Capital of 1.46% is amongst the best of the industry. AG outperforms 89.19% 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
AG has a Operating Margin of 11.16%. This is amongst the best in the industry. AG outperforms 89.81% of its industry peers.
AG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 22.59%, AG belongs to the top of the industry, outperforming 88.94% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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
The debt/assets ratio for AG has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.83 indicates that AG is not a great score, but indicates only limited risk for bankruptcy at the moment.
AG's Altman-Z score of 1.83 is in line compared to the rest of the industry. AG outperforms 53.54% of its industry peers.
The Debt to FCF ratio of AG is 4.34, which is a neutral value as it means it would take AG, 4.34 years of fcf income to pay off all of its debts.
AG has a better Debt to FCF ratio (4.34) than 91.55% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that AG is not too dependend on debt financing.
AG has a Debt to Equity ratio of 0.09. This is in the lower half of the industry: AG underperforms 62.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.17
WACC8.6%
2.3 Liquidity
A Current Ratio of 3.19 indicates that AG has no problem at all paying its short term obligations.
AG has a Current ratio of 3.19. This is in the better half of the industry: AG outperforms 65.84% of its industry peers.
A Quick Ratio of 2.74 indicates that AG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.74, AG is in the better half of the industry, outperforming 63.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.19 | ||
| Quick Ratio | 2.74 |
3. Growth
3.1 Past
AG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 86.67%, which is quite impressive.
AG shows a strong growth in Revenue. In the last year, the Revenue has grown by 33.60%.
AG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.02% yearly.
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
The Earnings Per Share is expected to grow by 34.82% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 17.29% on average over the next years. This is quite good.
EPS Next Y312.34%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
EPS Next 5Y34.82%
Revenue Next Year67.86%
Revenue Next 2Y35.49%
Revenue Next 3Y25%
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
AG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 31.01, the valuation of AG can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AG indicates a rather cheap valuation: AG is cheaper than 86.83% of the companies listed in the same industry.
AG's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 35.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 31.01 |
4.2 Price Multiples
90.81% of the companies in the same industry are more expensive than AG, based on the Enterprise Value to EBITDA ratio.
AG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AG is cheaper than 90.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 82.98 | ||
| EV/EBITDA | 17.69 |
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
With a yearly dividend of 0.28%, AG is not a good candidate for dividend investing.
AG's Dividend Yield is rather good when compared to the industry average which is at 14.98. AG pays more dividend than 94.66% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, AG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
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-8.13%
EPS Next 2Y107.31%
EPS Next 3Y63.08%
TSX:AG (7/11/2025, 7:00:00 PM)
12.69
+0.87 (+7.36%)
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 Cap6.15B
Analysts76.92
Price Target10.95 (-13.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
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)2.39%
PT rev (3m)9.81%
EPS NQ rev (1m)25%
EPS NQ rev (3m)33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)11.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 31.01 | ||
| P/S | 6.42 | ||
| P/FCF | 82.98 | ||
| P/OCF | 23.01 | ||
| P/B | 1.85 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 17.69 |
EPS(TTM)-0.03
EYN/A
EPS(NY)0.41
Fwd EY3.22%
FCF(TTM)0.15
FCFY1.21%
OCF(TTM)0.55
OCFY4.35%
SpS1.98
BVpS6.85
TBVpS6.85
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 | 1.83 |
F-Score6
WACC8.6%
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 Year67.86%
Revenue Next 2Y35.49%
Revenue Next 3Y25%
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%