FIRST MAJESTIC SILVER CORP (FMV.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:FMV • CA32076V1031

17.37 EUR
-0.97 (-5.29%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

5

Overall FMV gets a fundamental rating of 5 out of 10. We evaluated FMV against 44 industry peers in the Metals & Mining industry. FMV has a great financial health rating, but its profitability evaluates not so good. FMV is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • FMV had positive earnings in the past year.
  • FMV had a positive operating cash flow in the past year.
  • FMV had negative earnings in 4 of the past 5 years.
  • In the past 5 years FMV always reported a positive cash flow from operatings.
FMV.DE Yearly Net Income VS EBIT VS OCF VS FCFFMV.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

  • With a Return On Assets value of 1.61%, FMV perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
  • FMV's Return On Equity of 2.63% is on the low side compared to the rest of the industry. FMV is outperformed by 63.64% of its industry peers.
  • With a Return On Invested Capital value of 3.24%, FMV perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
Industry RankSector Rank
ROA 1.61%
ROE 2.63%
ROIC 3.24%
ROA(3y)-5.8%
ROA(5y)-3.15%
ROE(3y)-8.53%
ROE(5y)-4.64%
ROIC(3y)N/A
ROIC(5y)N/A
FMV.DE Yearly ROA, ROE, ROICFMV.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30

1.3 Margins

  • FMV has a better Profit Margin (7.07%) than 61.36% of its industry peers.
  • With a decent Operating Margin value of 19.10%, FMV is doing good in the industry, outperforming 65.91% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FMV has declined.
  • Looking at the Gross Margin, with a value of 27.78%, FMV is in line with its industry, outperforming 47.73% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FMV has declined.
Industry RankSector Rank
OM 19.1%
PM (TTM) 7.07%
GM 27.78%
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%
FMV.DE Yearly Profit, Operating, Gross MarginsFMV.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FMV is destroying value.
  • The number of shares outstanding for FMV has been increased compared to 1 year ago.
  • FMV has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FMV has an improved debt to assets ratio.
FMV.DE Yearly Shares OutstandingFMV.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
FMV.DE Yearly Total Debt VS Total AssetsFMV.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • FMV has an Altman-Z score of 4.26. This indicates that FMV is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 4.26, FMV is doing good in the industry, outperforming 65.91% of the companies in the same industry.
  • FMV has a debt to FCF ratio of 1.56. This is a very positive value and a sign of high solvency as it would only need 1.56 years to pay back of all of its debts.
  • FMV's Debt to FCF ratio of 1.56 is fine compared to the rest of the industry. FMV outperforms 77.27% of its industry peers.
  • FMV has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
  • FMV has a better Debt to Equity ratio (0.09) than 86.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 1.56
Altman-Z 4.26
ROIC/WACC0.33
WACC9.77%
FMV.DE Yearly LT Debt VS Equity VS FCFFMV.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 3.38 indicates that FMV has no problem at all paying its short term obligations.
  • FMV has a Current ratio of 3.38. This is amongst the best in the industry. FMV outperforms 90.91% of its industry peers.
  • A Quick Ratio of 2.96 indicates that FMV has no problem at all paying its short term obligations.
  • The Quick ratio of FMV (2.96) is better than 90.91% of its industry peers.
Industry RankSector Rank
Current Ratio 3.38
Quick Ratio 2.96
FMV.DE Yearly Current Assets VS Current LiabilitesFMV.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 200.00% over the past year.
  • Looking at the last year, FMV shows a very strong growth in Revenue. The Revenue has grown by 83.84%.
  • The Revenue has been growing by 9.02% on average over the past years. This is quite good.
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%333.33%
Revenue 1Y (TTM)83.84%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%95.11%

3.2 Future

  • Based on estimates for the next years, FMV will show a very strong growth in Earnings Per Share. The EPS will grow by 47.84% on average per year.
  • FMV is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 25.94% yearly.
EPS Next Y345.62%
EPS Next 2Y167.39%
EPS Next 3Y93.71%
EPS Next 5Y47.84%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FMV.DE Yearly Revenue VS EstimatesFMV.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
FMV.DE Yearly EPS VS EstimatesFMV.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 0.4 0.6

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 108.56 indicates a quite expensive valuation of FMV.
  • FMV's Price/Earnings ratio is a bit more expensive when compared to the industry. FMV is more expensive than 63.64% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, FMV is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 30.67, the valuation of FMV can be described as expensive.
  • FMV's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FMV is more expensive than 65.91% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. FMV is around the same levels.
Industry RankSector Rank
PE 108.56
Fwd PE 30.67
FMV.DE Price Earnings VS Forward Price EarningsFMV.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FMV is valued a bit more expensive than the industry average as 68.18% of the companies are valued more cheaply.
  • FMV's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 66.37
EV/EBITDA 24.73
FMV.DE Per share dataFMV.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

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.
  • FMV's earnings are expected to grow with 93.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y167.39%
EPS Next 3Y93.71%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.10%, FMV is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.63, FMV is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, FMV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.1%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 12.79% of the earnings are spent on dividend by FMV. This is a low number and sustainable payout ratio.
DP12.79%
EPS Next 2Y167.39%
EPS Next 3Y93.71%
FMV.DE Yearly Income VS Free CF VS DividendFMV.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M
FMV.DE Dividend Payout.FMV.DE Dividend Payout, showing the Payout Ratio.FMV.DE Dividend Payout.PayoutRetained Earnings

More info and screens

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FIRST MAJESTIC SILVER CORP

FRA:FMV (2/5/2026, 7:00:00 PM)

17.37

-0.97 (-5.29%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-05
Earnings (Next)02-19
Inst Owners52.82%
Inst Owner ChangeN/A
Ins Owners1.07%
Ins Owner ChangeN/A
Market Cap8.53B
Revenue(TTM)965.57M
Net Income(TTM)68.31M
Analysts80
Price Target14.93 (-14.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.1%
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP12.79%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.34%
Min EPS beat(2)-34.23%
Max EPS beat(2)158.9%
EPS beat(4)1
Avg EPS beat(4)20.97%
Min EPS beat(4)-34.23%
Max EPS beat(4)158.9%
EPS beat(8)2
Avg EPS beat(8)-73.49%
EPS beat(12)4
Avg EPS beat(12)-71.43%
EPS beat(16)4
Avg EPS beat(16)-92.21%
Revenue beat(2)0
Avg Revenue beat(2)-9.75%
Min Revenue beat(2)-10.14%
Max Revenue beat(2)-9.35%
Revenue beat(4)1
Avg Revenue beat(4)-4%
Min Revenue beat(4)-10.14%
Max Revenue beat(4)5.21%
Revenue beat(8)3
Avg Revenue beat(8)-2.51%
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)0.48%
PT rev (3m)8.17%
EPS NQ rev (1m)38.09%
EPS NQ rev (3m)61.11%
EPS NY rev (1m)11.51%
EPS NY rev (3m)93.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.48%
Valuation
Industry RankSector Rank
PE 108.56
Fwd PE 30.67
P/S 10.44
P/FCF 66.37
P/OCF 29.68
P/B 3.88
P/tB 3.88
EV/EBITDA 24.73
EPS(TTM)0.16
EY0.92%
EPS(NY)0.57
Fwd EY3.26%
FCF(TTM)0.26
FCFY1.51%
OCF(TTM)0.59
OCFY3.37%
SpS1.66
BVpS4.48
TBVpS4.48
PEG (NY)0.31
PEG (5Y)N/A
Graham Number4.01
Profitability
Industry RankSector Rank
ROA 1.61%
ROE 2.63%
ROCE 4.6%
ROIC 3.24%
ROICexc 3.78%
ROICexgc 3.78%
OM 19.1%
PM (TTM) 7.07%
GM 27.78%
FCFM 15.74%
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
ROICexgc growth 3Y-32.27%
ROICexgc 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 Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 1.56
Debt/EBITDA 0.54
Cap/Depr 82.72%
Cap/Sales 19.45%
Interest Coverage 23.4
Cash Conversion 82.56%
Profit Quality 222.42%
Current Ratio 3.38
Quick Ratio 2.96
Altman-Z 4.26
F-Score7
WACC9.77%
ROIC/WACC0.33
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)200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%333.33%
EPS Next Y345.62%
EPS Next 2Y167.39%
EPS Next 3Y93.71%
EPS Next 5Y47.84%
Revenue 1Y (TTM)83.84%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%95.11%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%
EBIT growth 1Y1652.11%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year191.95%
EBIT Next 3Y69.69%
EBIT Next 5Y30.45%
FCF growth 1Y198.11%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y1519.43%
OCF growth 3Y30.28%
OCF growth 5Y1.65%

FIRST MAJESTIC SILVER CORP / FMV.DE FAQ

Can you provide the ChartMill fundamental rating for FIRST MAJESTIC SILVER CORP?

ChartMill assigns a fundamental rating of 5 / 10 to FMV.DE.


What is the valuation status for FMV stock?

ChartMill assigns a valuation rating of 3 / 10 to FIRST MAJESTIC SILVER CORP (FMV.DE). This can be considered as Overvalued.


How profitable is FIRST MAJESTIC SILVER CORP (FMV.DE) stock?

FIRST MAJESTIC SILVER CORP (FMV.DE) has a profitability rating of 3 / 10.


What is the valuation of FIRST MAJESTIC SILVER CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FIRST MAJESTIC SILVER CORP (FMV.DE) is 108.56 and the Price/Book (PB) ratio is 3.88.


Is the dividend of FIRST MAJESTIC SILVER CORP sustainable?

The dividend rating of FIRST MAJESTIC SILVER CORP (FMV.DE) is 2 / 10 and the dividend payout ratio is 12.79%.