FIRST MAJESTIC SILVER CORP (AG.CA) Stock Fundamental Analysis
TSX:AG - Toronto Stock Exchange - CA32076V1031 - Common Stock - Currency: CAD
AG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 807 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
AG had negative earnings in the past year.
AG had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of -2.03%, AG is doing good in the industry, outperforming 79.06% of the companies in the same industry.
AG's Return On Equity of -3.39% is fine compared to the rest of the industry. AG outperforms 77.82% of its industry peers.
AG has a better Return On Invested Capital (1.46%) than 88.85% 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 89.72% of the companies in the same industry.
In the last couple of years the Operating Margin of AG has declined.
AG has a Gross Margin of 22.59%. This is amongst the best in the industry. AG outperforms 88.97% of its industry peers.
In the last couple of years the Gross Margin of AG has declined.
| 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.
AG has more shares outstanding than it did 1 year ago.
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 1.66. This is a bad value and indicates that AG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.66, AG perfoms like the industry average, outperforming 53.90% of the companies in the same industry.
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's Debt to FCF ratio of 4.34 is amongst the best of the industry. AG outperforms 91.20% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that AG is not too dependend on debt financing.
AG has a worse Debt to Equity ratio (0.09) than 61.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 1.66 |
ROIC/WACC0.17
WACC8.47%
2.3 Liquidity
AG has a Current Ratio of 3.19. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.19, AG is in the better half of the industry, outperforming 65.06% 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.
Looking at the Quick ratio, with a value of 2.74, AG is in the better half of the industry, outperforming 63.57% of the companies in the same industry.
| 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.
The Revenue has grown by 33.60% in the past year. This is a very strong growth!
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)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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.76% yearly.
The Revenue is expected to grow by 25.00% on average over the next years. This is a very strong growth
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
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.
A Price/Forward Earnings ratio of 27.47 indicates a quite expensive valuation of AG.
Based on the Price/Forward Earnings ratio, AG is valued cheaply inside the industry as 87.24% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of AG to the average of the S&P500 Index (22.39), we can say AG is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 27.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AG is valued cheaper than 90.71% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AG is valued cheaply inside the industry as 89.59% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 73.48 | ||
| EV/EBITDA | 15.77 |
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.
A more expensive valuation may be justified as AG's earnings are expected to grow with 63.08% in the coming years.
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 0.29%, AG is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.62, AG pays a better dividend. On top of this AG pays more dividend than 94.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, AG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.29% |
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 (6/12/2025, 7:00:00 PM)
11.23
-0.23 (-2.01%)
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 Cap5.44B
Analysts76.92
Price Target10.69 (-4.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.29% |
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)1.95%
PT rev (3m)7.16%
EPS NQ rev (1m)6.67%
EPS NQ rev (3m)-3.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-23.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 27.47 | ||
| P/S | 5.69 | ||
| P/FCF | 73.48 | ||
| P/OCF | 20.38 | ||
| P/B | 1.64 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | 15.77 |
EPS(TTM)-0.03
EYN/A
EPS(NY)0.41
Fwd EY3.64%
FCF(TTM)0.15
FCFY1.36%
OCF(TTM)0.55
OCFY4.91%
SpS1.97
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 | 1.66 |
F-Score6
WACC8.47%
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 5Y17.76%
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 5YN/A
EBIT growth 1Y310.13%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year123.2%
EBIT Next 3Y43.87%
EBIT Next 5Y26.69%
FCF growth 1Y126.94%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y594.47%
OCF growth 3Y30.28%
OCF growth 5Y1.65%