MAG Silver Corp (MAG.CA) Fundamental Analysis & Valuation

TSX:MAG • CA55903Q1046

Current stock price

34.38 CAD
+0.97 (+2.9%)
Last:

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

5

1. MAG.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MAG was profitable.
  • In the past year MAG has reported a negative cash flow from operations.
  • Of the past 5 years MAG 4 years were profitable.
  • In the past 5 years MAG always reported negative operating cash flow.
MAG.CA Yearly Net Income VS EBIT VS OCF VS FCFMAG.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 2024 0 20M -20M 40M -40M 60M

1.2 Ratios

  • MAG's Return On Assets of 16.12% is amongst the best of the industry. MAG outperforms 96.60% of its industry peers.
  • With an excellent Return On Equity value of 16.73%, MAG belongs to the best of the industry, outperforming 93.96% of the companies in the same industry.
  • MAG has a better Return On Invested Capital (11.78%) than 95.97% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MAG is significantly below the industry average of 12.74%.
  • The 3 year average ROIC (7.22%) for MAG is below the current ROIC(11.78%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 16.12%
ROE 16.73%
ROIC 11.78%
ROA(3y)8.8%
ROA(5y)5.16%
ROE(3y)9.05%
ROE(5y)5.31%
ROIC(3y)7.22%
ROIC(5y)N/A
MAG.CA Yearly ROA, ROE, ROICMAG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • The Profit Margin of MAG (83.12%) is better than 98.99% of its industry peers.
  • MAG's Operating Margin of 83.87% is amongst the best of the industry. MAG outperforms 100.00% of its industry peers.
Industry RankSector Rank
OM 83.87%
PM (TTM) 83.12%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MAG.CA Yearly Profit, Operating, Gross MarginsMAG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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6

2. MAG.CA Health Analysis

2.1 Basic Checks

  • MAG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, MAG has more shares outstanding
  • Compared to 5 years ago, MAG has more shares outstanding
  • The debt/assets ratio for MAG is higher compared to a year ago.
MAG.CA Yearly Shares OutstandingMAG.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
MAG.CA Yearly Total Debt VS Total AssetsMAG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 66.69 indicates that MAG is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of MAG (66.69) is better than 87.80% of its industry peers.
  • MAG has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
  • MAG has a Debt to Equity ratio (0.00) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 66.69
ROIC/WACC1.27
WACC9.31%
MAG.CA Yearly LT Debt VS Equity VS FCFMAG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

  • A Current Ratio of 44.26 indicates that MAG has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 44.26, MAG belongs to the top of the industry, outperforming 96.86% of the companies in the same industry.
  • A Quick Ratio of 44.26 indicates that MAG has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 44.26, MAG belongs to the top of the industry, outperforming 96.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 44.26
Quick Ratio 44.26
MAG.CA Yearly Current Assets VS Current LiabilitesMAG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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

3

3. MAG.CA Growth Analysis

3.1 Past

  • MAG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 67.80%, which is quite impressive.
  • Measured over the past years, MAG shows a very strong growth in Earnings Per Share. The EPS has been growing by 132.08% on average per year.
  • The Revenue has grown by 42.67% in the past year. This is a very strong growth!
EPS 1Y (TTM)67.8%
EPS 3Y132.08%
EPS 5YN/A
EPS Q2Q%52.38%
Revenue 1Y (TTM)42.67%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

  • Based on estimates for the next years, MAG will show a decrease in Earnings Per Share. The EPS will decrease by -2.33% on average per year.
  • Based on estimates for the next years, MAG will show a very negative growth in Revenue. The Revenue will decrease by -18.92% on average per year.
EPS Next Y48.94%
EPS Next 2Y6.23%
EPS Next 3Y5.42%
EPS Next 5Y-2.33%
Revenue Next Year9.79%
Revenue Next 2Y-0.19%
Revenue Next 3Y47.01%
Revenue Next 5Y-18.92%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
MAG.CA Yearly Revenue VS EstimatesMAG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
MAG.CA Yearly EPS VS EstimatesMAG.CA 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 0.4 0.6 0.8 1

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4

4. MAG.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • MAG is valuated quite expensively with a Price/Earnings ratio of 25.09.
  • Based on the Price/Earnings ratio, MAG is valued cheaply inside the industry as 90.06% of the companies are valued more expensively.
  • MAG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 29.33 indicates a quite expensive valuation of MAG.
  • MAG's Price/Forward Earnings ratio is rather cheap when compared to the industry. MAG is cheaper than 87.42% of the companies in the same industry.
  • MAG's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.68.
Industry RankSector Rank
PE 25.09
Fwd PE 29.33
MAG.CA Price Earnings VS Forward Price EarningsMAG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MAG is valued cheaply inside the industry as 90.57% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.82
MAG.CA Per share dataMAG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

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.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y6.23%
EPS Next 3Y5.42%

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

2

5. MAG.CA Dividend Analysis

5.1 Amount

  • MAG has a Yearly Dividend Yield of 1.41%. Purely for dividend investing, there may be better candidates out there.
  • MAG's Dividend Yield is rather good when compared to the industry average which is at 0.89. MAG pays more dividend than 97.23% of the companies in the same industry.
  • MAG's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.41%

5.2 History

  • MAG is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
MAG.CA Yearly Dividends per shareMAG.CA Yearly Dividends per shareYearly Dividends per share 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

DPN/A
EPS Next 2Y6.23%
EPS Next 3Y5.42%
MAG.CA Yearly Income VS Free CF VS DividendMAG.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M

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MAG.CA Fundamentals: All Metrics, Ratios and Statistics

MAG Silver Corp

TSX:MAG (9/5/2025, 7:00:00 PM)

34.38

+0.97 (+2.9%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-11
Earnings (Next)11-10
Inst Owners54.85%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap3.56B
Revenue(TTM)124.46M
Net Income(TTM)103.46M
Analysts71.67
Price Target31.06 (-9.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.41%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.35%
Min EPS beat(2)12.05%
Max EPS beat(2)22.65%
EPS beat(4)3
Avg EPS beat(4)7.14%
Min EPS beat(4)-20.79%
Max EPS beat(4)22.65%
EPS beat(8)6
Avg EPS beat(8)4.92%
EPS beat(12)7
Avg EPS beat(12)-8.39%
EPS beat(16)8
Avg EPS beat(16)-49.22%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
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)4.53%
PT rev (3m)9.56%
EPS NQ rev (1m)2.99%
EPS NQ rev (3m)36.68%
EPS NY rev (1m)27.77%
EPS NY rev (3m)27.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-59.81%
Revenue NY rev (3m)4.85%
Valuation
Industry RankSector Rank
PE 25.09
Fwd PE 29.33
P/S 20.64
P/FCF N/A
P/OCF N/A
P/B 4.15
P/tB 4.15
EV/EBITDA 22.82
EPS(TTM)1.37
EY3.98%
EPS(NY)1.17
Fwd EY3.41%
FCF(TTM)-0.4
FCFYN/A
OCF(TTM)-0.1
OCFYN/A
SpS1.67
BVpS8.28
TBVpS8.28
PEG (NY)0.51
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 16.12%
ROE 16.73%
ROCE 16.36%
ROIC 11.78%
ROICexc 16.12%
ROICexgc 16.12%
OM 83.87%
PM (TTM) 83.12%
GM N/A
FCFM N/A
ROA(3y)8.8%
ROA(5y)5.16%
ROE(3y)9.05%
ROE(5y)5.31%
ROIC(3y)7.22%
ROIC(5y)N/A
ROICexc(3y)8.87%
ROICexc(5y)N/A
ROICexgc(3y)8.87%
ROICexgc(5y)N/A
ROCE(3y)10.03%
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 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0.02
Cap/Depr 3068.87%
Cap/Sales 17.9%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 44.26
Quick Ratio 44.26
Altman-Z 66.69
F-Score4
WACC9.31%
ROIC/WACC1.27
Cap/Depr(3y)5745.33%
Cap/Depr(5y)5254.94%
Cap/Sales(3y)27.23%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)67.8%
EPS 3Y132.08%
EPS 5YN/A
EPS Q2Q%52.38%
EPS Next Y48.94%
EPS Next 2Y6.23%
EPS Next 3Y5.42%
EPS Next 5Y-2.33%
Revenue 1Y (TTM)42.67%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year9.79%
Revenue Next 2Y-0.19%
Revenue Next 3Y47.01%
Revenue Next 5Y-18.92%
EBIT growth 1Y855.68%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year19.83%
EBIT Next 3Y-10.2%
EBIT Next 5Y-10.7%
FCF growth 1Y-40.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.83%
OCF growth 3YN/A
OCF growth 5YN/A

MAG Silver Corp / MAG.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MAG Silver Corp?

ChartMill assigns a fundamental rating of 5 / 10 to MAG.CA.


What is the valuation status of MAG Silver Corp (MAG.CA) stock?

ChartMill assigns a valuation rating of 4 / 10 to MAG Silver Corp (MAG.CA). This can be considered as Fairly Valued.


How profitable is MAG Silver Corp (MAG.CA) stock?

MAG Silver Corp (MAG.CA) has a profitability rating of 5 / 10.


What is the valuation of MAG Silver Corp based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MAG Silver Corp (MAG.CA) is 25.09 and the Price/Book (PB) ratio is 4.15.