FIRST MAJESTIC SILVER CORP (AG) Stock Fundamental Analysis
NYSE:AG - CA32076V1031 - Common Stock
9 USD
+0.29 (+3.33%)
8.99 USD
-0.01 (-0.11%)
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. AG has an average financial health and profitability rating. AG is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
AG had positive earnings in the past year.
AG had a positive operating cash flow in the past year.
In the past 5 years AG reported 4 times negative net income.
Each year in the past 5 years AG had a positive operating cash flow.
1.2 Ratios
AG's Return On Assets of 0.36% is in line compared to the rest of the industry. AG outperforms 56.41% of its industry peers.
With a Return On Equity value of 0.59%, AG perfoms like the industry average, outperforming 57.05% of the companies in the same industry.
AG has a Return On Invested Capital of 2.23%. This is comparable to the rest of the industry: AG outperforms 54.49% 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
AG's Profit Margin of 1.78% is fine compared to the rest of the industry. AG outperforms 62.18% of its industry peers.
AG has a Operating Margin of 13.29%. This is in the better half of the industry: AG outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of AG has declined.
The Gross Margin of AG (23.31%) is better than 62.82% 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.
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
AG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.89 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 1.89. This is in the lower half of the industry: AG underperforms 61.54% 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 a decent Debt to FCF ratio value of 2.24, AG is doing good in the industry, outperforming 78.85% of the companies in the same industry.
A Debt/Equity ratio of 0.09 indicates that AG is not too dependend on debt financing.
AG has a better Debt to Equity ratio (0.09) than 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 2.24 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.24
WACC9.24%
2.3 Liquidity
A Current Ratio of 3.27 indicates that AG has no problem at all paying its short term obligations.
AG has a Current ratio of 3.27. This is in the better half of the industry: AG outperforms 67.31% of its industry peers.
AG has a Quick Ratio of 2.84. This indicates that AG is financially healthy and has no problem in meeting 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%.
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
The Earnings Per Share is expected to grow by 34.82% on average over the next years. This is a very strong growth
Based on estimates for the next years, AG will show a quite strong growth in Revenue. The Revenue will grow by 17.29% on average per year.
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 5Y17.29%
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 100.00 indicates a quite expensive valuation of AG.
Compared to the rest of the industry, the Price/Earnings ratio of AG is on the same level as its industry peers.
AG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.24.
With a Price/Forward Earnings ratio of 42.01, AG can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as AG.
When comparing the Price/Forward Earnings ratio of AG to the average of the S&P500 Index (35.82), we can say AG is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100 | ||
| Fwd PE | 42.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AG is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AG is valued a bit cheaper than the industry average as 67.95% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.97 | ||
| EV/EBITDA | 13.03 |
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 65.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y91%
EPS Next 3Y65.04%
5. Dividend
5.1 Amount
With a yearly dividend of 0.27%, AG is not a good candidate for dividend investing.
AG's Dividend Yield is a higher than the industry average which is at 2.57.
With a Dividend Yield of 0.27, AG pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
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%
9
+0.29 (+3.33%)
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 Cap4.40B
Analysts76.92
Price Target9.67 (7.44%)
Short Float %4.06%
Short Ratio0.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
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)4.23%
PT rev (3m)24.95%
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)13.49%
Revenue NY rev (3m)13.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100 | ||
| Fwd PE | 42.01 | ||
| P/S | 5.32 | ||
| P/FCF | 41.97 | ||
| P/OCF | 16.39 | ||
| P/B | 1.76 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 13.03 |
EPS(TTM)0.09
EY1%
EPS(NY)0.21
Fwd EY2.38%
FCF(TTM)0.21
FCFY2.38%
OCF(TTM)0.55
OCFY6.1%
SpS1.69
BVpS5.11
TBVpS5.11
PEG (NY)0.4
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 | 1.89 |
F-Score7
WACC9.24%
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 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 5Y17.29%
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%