FIRST MAJESTIC SILVER CORP (AG) Stock Fundamental Analysis
USA - NYSE:AG - CA32076V1031 - Common Stock
10.74 USD
+0.2 (+1.9%)
Taking everything into account, AG scores 5 out of 10 in our fundamental rating. AG was compared to 156 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 is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
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.
In the past 5 years AG reported 4 times negative net income.
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 in line compared to the rest of the industry. AG outperforms 58.33% of its industry peers.
AG has a Return On Equity of 0.59%. This is comparable to the rest of the industry: AG outperforms 58.33% of its industry peers.
AG's Return On Invested Capital of 2.23% is in line compared to the rest of the industry. AG outperforms 55.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 0.59% | ||
| ROIC | 2.23% |
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 is in the better half of the industry, outperforming 63.46% of the companies in the same industry.
The Operating Margin of AG (13.29%) is better than 67.95% of its industry peers.
AG's Operating Margin has declined in the last couple of years.
AG's Gross Margin of 23.31% is fine compared to the rest of the industry. AG outperforms 62.18% 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
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.
The number of shares outstanding for AG has been increased compared to 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 2.17. 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 2.17. This is comparable to the rest of the industry: AG outperforms 41.03% 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.
Looking at the Debt to FCF ratio, with a value of 2.24, AG is in the better half of the industry, outperforming 78.21% of the companies in the same industry.
AG has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.09, AG is doing good in the industry, outperforming 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 2.17 |
ROIC/WACC0.25
WACC8.84%
2.3 Liquidity
AG has a Current Ratio of 3.27. 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 3.27, AG is in the better half of the industry, outperforming 66.67% 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.
Looking at the Quick ratio, with a value of 2.84, AG is in the better half of the industry, outperforming 69.87% of the companies in the same industry.
| 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.
AG shows a strong growth in Revenue. In the last year, the Revenue has grown by 61.34%.
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
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.
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
A Price/Earnings ratio of 119.33 indicates a quite expensive valuation of AG.
The rest of the industry has a similar Price/Earnings ratio as AG.
AG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.30.
The Price/Forward Earnings ratio is 50.13, which means the current valuation is very expensive for AG.
AG's Price/Forward Earnings ratio is in line with the industry average.
AG is valuated expensively when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 119.33 | ||
| Fwd PE | 50.13 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AG is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, AG is valued a bit cheaper than 67.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.95 | ||
| EV/EBITDA | 15.38 |
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 65.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
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.
Compared to an average industry Dividend Yield of 2.51, AG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, AG's dividend is way lower than the S&P500 average.
| 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
52.76% of the earnings are spent on dividend by AG. This is a bit on the high side, but may be sustainable.
DP52.76%
EPS Next 2Y91%
EPS Next 3Y65.04%
NYSE:AG (9/15/2025, 2:47:07 PM)
10.74
+0.2 (+1.9%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners53.25%
Inst Owner Change16.91%
Ins Owners1.03%
Ins Owner Change0%
Market Cap5.23B
Analysts76.92
Price Target10.22 (-4.84%)
Short Float %5.08%
Short Ratio1.31
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)2.16%
PT rev (3m)31.24%
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 | 119.33 | ||
| Fwd PE | 50.13 | ||
| P/S | 6.33 | ||
| P/FCF | 49.95 | ||
| P/OCF | 19.51 | ||
| P/B | 2.1 | ||
| P/tB | 2.1 | ||
| EV/EBITDA | 15.38 |
EPS(TTM)0.09
EY0.84%
EPS(NY)0.21
Fwd EY1.99%
FCF(TTM)0.22
FCFY2%
OCF(TTM)0.55
OCFY5.13%
SpS1.7
BVpS5.12
TBVpS5.12
PEG (NY)0.48
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 0.59% | ||
| ROCE | 2.82% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.52% | ||
| ROICexgc | 2.52% | ||
| 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 | 2.17 |
F-Score7
WACC8.84%
ROIC/WACC0.25
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%