FIRST MAJESTIC SILVER CORP (AG.CA) Stock Fundamental Analysis
Canada - TSX:AG - CA32076V1031 - Common Stock
17.91 CAD
+1.06 (+6.29%)
AG gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 818 industry peers in the Metals & Mining industry. AG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. AG is growing strongly while it is still valued neutral. This is a good combination! These ratings could make AG a good candidate 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.
Each year in the past 5 years AG had a positive operating cash flow.
1.2 Ratios
AG has a Return On Assets of 0.36%. This is amongst the best in the industry. AG outperforms 85.09% of its industry peers.
AG has a better Return On Equity (0.59%) than 85.82% of its industry peers.
AG has a better Return On Invested Capital (2.03%) than 89.73% of its industry peers.
| 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
AG has a better Profit Margin (1.78%) than 89.61% of its industry peers.
Looking at the Operating Margin, with a value of 13.29%, AG belongs to the top of the industry, outperforming 90.95% of the companies in the same industry.
AG's Operating Margin has declined in the last couple of years.
The Gross Margin of AG (23.31%) is better than 89.98% of its industry peers.
AG's Gross Margin has declined in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AG is destroying value.
Compared to 1 year ago, AG has more shares outstanding
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
An Altman-Z score of 2.47 indicates that AG is not a great score, but indicates only limited risk for bankruptcy at the moment.
AG has a Altman-Z score of 2.47. This is comparable to the rest of the industry: AG outperforms 50.73% of its industry peers.
AG has a debt to FCF ratio of 2.24. This is a good value and a sign of high solvency as AG would need 2.24 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.24, AG belongs to the best of the industry, outperforming 92.54% of the companies in the same industry.
A Debt/Equity ratio of 0.09 indicates that AG is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.09, AG is not doing good in the industry: 62.84% of the companies in the same industry are doing better.
Although AG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.24
WACC8.44%
2.3 Liquidity
A Current Ratio of 3.27 indicates that AG has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.27, AG is doing good in the industry, outperforming 62.59% of the companies in the same industry.
A Quick Ratio of 2.84 indicates that AG has no problem at all paying its short term obligations.
AG's Quick ratio of 2.84 is fine compared to the rest of the industry. AG outperforms 61.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 2.84 |
3. Growth
3.1 Past
AG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 145.00%, which is quite impressive.
The Revenue has grown by 61.34% in the past year. This is a very strong growth!
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)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
Based on estimates for the next years, AG will show a very strong growth in Earnings Per Share. The EPS will grow by 34.82% on average per year.
Based on estimates for the next years, AG will show a very strong growth in Revenue. The Revenue will grow by 20.49% on average per year.
EPS Next Y226.77%
EPS Next 2Y71.2%
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
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
A Price/Earnings ratio of 137.77 indicates a quite expensive valuation of AG.
Compared to the rest of the industry, the Price/Earnings ratio of AG indicates a rather cheap valuation: AG is cheaper than 86.06% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.90, AG is valued quite expensively.
Based on the Price/Forward Earnings ratio of 105.97, the valuation of AG can be described as expensive.
86.55% of the companies in the same industry are more expensive than AG, based on the Price/Forward Earnings ratio.
AG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 137.77 | ||
| Fwd PE | 105.97 |
4.2 Price Multiples
AG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AG is cheaper than 91.81% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AG is valued cheaply inside the industry as 91.08% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 59.87 | ||
| EV/EBITDA | 17.9 |
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)0.61
PEG (5Y)N/A
EPS Next 2Y71.2%
EPS Next 3Y65.04%
5. Dividend
5.1 Amount
AG has a yearly dividend return of 0.19%, which is pretty low.
Compared to an average industry Dividend Yield of 9.91, AG pays a better dividend. On top of this AG pays more dividend than 94.99% of the companies listed in the same industry.
With a Dividend Yield of 0.19, AG pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
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 2Y71.2%
EPS Next 3Y65.04%
TSX:AG (10/6/2025, 7:00:00 PM)
17.91
+1.06 (+6.29%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners54.86%
Inst Owner ChangeN/A
Ins Owners1.02%
Ins Owner ChangeN/A
Market Cap8.76B
Analysts76.92
Price Target15.16 (-15.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
Yearly Dividend0.03
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)12.92%
PT rev (3m)38.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.95%
EPS NY rev (1m)-14.67%
EPS NY rev (3m)-40.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)13.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 137.77 | ||
| Fwd PE | 105.97 | ||
| P/S | 7.59 | ||
| P/FCF | 59.87 | ||
| P/OCF | 23.38 | ||
| P/B | 2.51 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 17.9 |
EPS(TTM)0.13
EY0.73%
EPS(NY)0.17
Fwd EY0.94%
FCF(TTM)0.3
FCFY1.67%
OCF(TTM)0.77
OCFY4.28%
SpS2.36
BVpS7.13
TBVpS7.13
PEG (NY)0.61
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 | 2.47 |
F-Score7
WACC8.44%
ROIC/WACC0.24
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 Y226.77%
EPS Next 2Y71.2%
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 Year161.6%
EBIT Next 3Y39.9%
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%