FIRST MAJESTIC SILVER CORP (FR.CA) Fundamental Analysis & Valuation

TSX:FR • CA32076V1031

Current stock price

8.81 CAD
-0.2 (-2.22%)
Last:

This FR.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. FR.CA Profitability Analysis

1.1 Basic Checks

  • FR had negative earnings in the past year.
  • In the past year FR had a positive cash flow from operations.
  • In the past 5 years FR reported 4 times negative net income.
  • FR had a positive operating cash flow in each of the past 5 years.
FR.CA Yearly Net Income VS EBIT VS OCF VS FCFFR.CA 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 0 100M -100M -200M

1.2 Ratios

  • FR has a better Return On Assets (-2.46%) than 79.02% of its industry peers.
  • Looking at the Return On Equity, with a value of -3.58%, FR is in the better half of the industry, outperforming 77.18% of the companies in the same industry.
Industry RankSector Rank
ROA -2.46%
ROE -3.58%
ROIC N/A
ROA(3y)-4.16%
ROA(5y)-2.91%
ROE(3y)-6.13%
ROE(5y)-4.36%
ROIC(3y)N/A
ROIC(5y)N/A
FR.CA Yearly ROA, ROE, ROICFR.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

  • The Gross Margin of FR (7.67%) is better than 85.52% of its industry peers.
  • In the last couple of years the Gross Margin of FR has declined.
  • FR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 7.67%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-40.08%
GM growth 5Y-24.18%
FR.CA Yearly Profit, Operating, Gross MarginsFR.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 -60

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3

2. FR.CA Health Analysis

2.1 Basic Checks

  • FR does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for FR has been increased compared to 1 year ago.
  • FR has a worse debt/assets ratio than last year.
FR.CA Yearly Shares OutstandingFR.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
FR.CA Yearly Total Debt VS Total AssetsFR.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 1.70, we must say that FR is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.70, FR perfoms like the industry average, outperforming 51.90% of the companies in the same industry.
  • A Debt/Equity ratio of 0.18 indicates that FR is not too dependend on debt financing.
  • FR has a Debt to Equity ratio of 0.18. This is in the lower half of the industry: FR underperforms 72.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 1.7
ROIC/WACCN/A
WACC9.97%
FR.CA Yearly LT Debt VS Equity VS FCFFR.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 2.33 indicates that FR has no problem at all paying its short term obligations.
  • FR has a Current ratio (2.33) which is comparable to the rest of the industry.
  • FR has a Quick Ratio of 1.77. This is a normal value and indicates that FR is financially healthy and should not expect problems in meeting its short term obligations.
  • FR has a Quick ratio (1.77) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.33
Quick Ratio 1.77
FR.CA Yearly Current Assets VS Current LiabilitesFR.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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

4

3. FR.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.22% over the past year.
  • The Revenue for FR has decreased by -16.25% in the past year. This is quite bad
  • FR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.78% yearly.
EPS 1Y (TTM)22.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%87.14%
Revenue 1Y (TTM)-16.25%
Revenue growth 3Y16.39%
Revenue growth 5Y13.78%
Sales Q2Q%-32.45%

3.2 Future

  • FR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.06% yearly.
  • Based on estimates for the next years, FR will show a small growth in Revenue. The Revenue will grow by 2.43% on average per year.
EPS Next Y34.19%
EPS Next 2Y98.06%
EPS Next 3Y67.38%
EPS Next 5Y30.06%
Revenue Next Year-15.9%
Revenue Next 2Y0.59%
Revenue Next 3Y2.43%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FR.CA Yearly Revenue VS EstimatesFR.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
FR.CA Yearly EPS VS EstimatesFR.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.1 -0.1 0.2 -0.2 0.3

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3

4. FR.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for FR. In the last year negative earnings were reported.
  • FR is valuated quite expensively with a Price/Forward Earnings ratio of 36.34.
  • Based on the Price/Forward Earnings ratio, FR is valued cheaply inside the industry as 87.12% of the companies are valued more expensively.
  • FR's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.10.
Industry RankSector Rank
PE N/A
Fwd PE 36.34
FR.CA Price Earnings VS Forward Price EarningsFR.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 60

4.2 Price Multiples

  • FR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FR is cheaper than 89.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.07
FR.CA Per share dataFR.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • FR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • FR's earnings are expected to grow with 67.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y98.06%
EPS Next 3Y67.38%

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

2

5. FR.CA Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.26%, FR is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.89, FR pays a better dividend. On top of this FR pays more dividend than 94.23% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FR's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.26%

5.2 History

  • FR has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
FR.CA Yearly Dividends per shareFR.CA Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 0 0 0 0 0

5.3 Sustainability

  • The earnings of FR are negative and hence is the payout ratio. FR will probably not be able to sustain this dividend level.
DP-12.01%
EPS Next 2Y98.06%
EPS Next 3Y67.38%
FR.CA Yearly Income VS Free CF VS DividendFR.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 -50M -100M -150M -200M

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FR.CA Fundamentals: All Metrics, Ratios and Statistics

FIRST MAJESTIC SILVER CORP

TSX:FR (11/22/2024, 7:00:00 PM)

8.81

-0.2 (-2.22%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)04-16
Earnings (Next)08-01
Inst Owners27.7%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.53B
Revenue(TTM)522.86M
Net Income(TTM)-48.02M
Analysts46.67
Price Target10.28 (16.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.26%
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-12.01%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-83.93%
Min EPS beat(2)-191.2%
Max EPS beat(2)23.35%
EPS beat(4)2
Avg EPS beat(4)-118.82%
Min EPS beat(4)-342.72%
Max EPS beat(4)35.28%
EPS beat(8)3
Avg EPS beat(8)-107.05%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-5.74%
Min Revenue beat(2)-16.99%
Max Revenue beat(2)5.52%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 36.34
P/S 3.45
P/FCF N/A
P/OCF 23.18
P/B 1.35
P/tB 1.35
EV/EBITDA 23.07
EPS(TTM)-0.2
EYN/A
EPS(NY)0.24
Fwd EY2.75%
FCF(TTM)-0.24
FCFYN/A
OCF(TTM)0.38
OCFY4.31%
SpS2.55
BVpS6.53
TBVpS6.53
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.46%
ROE -3.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 7.67%
FCFM N/A
ROA(3y)-4.16%
ROA(5y)-2.91%
ROE(3y)-6.13%
ROE(5y)-4.36%
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 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-40.08%
GM growth 5Y-24.18%
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Debt/EBITDA 2.96
Cap/Depr 108.08%
Cap/Sales 24.3%
Interest Coverage N/A
Cash Conversion 96.84%
Profit Quality N/A
Current Ratio 2.33
Quick Ratio 1.77
Altman-Z 1.7
F-Score5
WACC9.97%
ROIC/WACCN/A
Cap/Depr(3y)144.63%
Cap/Depr(5y)162.75%
Cap/Sales(3y)30.89%
Cap/Sales(5y)31.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%87.14%
EPS Next Y34.19%
EPS Next 2Y98.06%
EPS Next 3Y67.38%
EPS Next 5Y30.06%
Revenue 1Y (TTM)-16.25%
Revenue growth 3Y16.39%
Revenue growth 5Y13.78%
Sales Q2Q%-32.45%
Revenue Next Year-15.9%
Revenue Next 2Y0.59%
Revenue Next 3Y2.43%
Revenue Next 5YN/A
EBIT growth 1Y38.73%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-69.89%
EBIT Next 3Y1.3%
EBIT Next 5Y-8.07%
FCF growth 1Y65.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y84.08%
OCF growth 3Y-8.61%
OCF growth 5Y12.81%

FIRST MAJESTIC SILVER CORP / FR.CA Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 3 / 10 to FR.CA.


What is the valuation status for FR stock?

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


Can you provide the profitability details for FIRST MAJESTIC SILVER CORP?

FIRST MAJESTIC SILVER CORP (FR.CA) has a profitability rating of 3 / 10.


How financially healthy is FIRST MAJESTIC SILVER CORP?

The financial health rating of FIRST MAJESTIC SILVER CORP (FR.CA) is 3 / 10.


Can you provide the dividend sustainability for FR stock?

The dividend rating of FIRST MAJESTIC SILVER CORP (FR.CA) is 2 / 10 and the dividend payout ratio is -12.01%.