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MAG SILVER CORP (MAG.CA) Stock Fundamental Analysis

TSX:MAG - Toronto Stock Exchange - CA55903Q1046 - Common Stock - Currency: CAD

22.55  -0.45 (-1.96%)

Fundamental Rating

4

Overall MAG gets a fundamental rating of 4 out of 10. We evaluated MAG against 832 industry peers in the Metals & Mining industry. No worries on liquidiy or solvency for MAG as it has an excellent financial health rating, but there are worries on the profitability. MAG has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

MAG had positive earnings in the past year.
In the past year MAG has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: MAG reported negative net income in multiple years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M

1.2 Ratios

With an excellent Return On Assets value of 12.68%, MAG belongs to the best of the industry, outperforming 95.18% of the companies in the same industry.
MAG has a Return On Equity of 13.04%. This is amongst the best in the industry. MAG outperforms 93.57% of its industry peers.
Industry RankSector Rank
ROA 12.68%
ROE 13.04%
ROIC N/A
ROA(3y)5.1%
ROA(5y)2.21%
ROE(3y)5.21%
ROE(5y)2.27%
ROIC(3y)N/A
ROIC(5y)N/A
MAG.CA Yearly ROA, ROE, ROICMAG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for MAG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
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 2015 2016 2017 2018 2019 2020 2021 2022 2023

8

2. Health

2.1 Basic Checks

The number of shares outstanding for MAG has been increased compared to 1 year ago.
Compared to 5 years ago, MAG has more shares outstanding
The debt/assets ratio for MAG has been reduced compared to a year ago.
MAG.CA Yearly Shares OutstandingMAG.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.2 Solvency

MAG has an Altman-Z score of 61.37. This indicates that MAG is financially healthy and has little risk of bankruptcy at the moment.
MAG has a better Altman-Z score (61.37) than 91.30% of its industry peers.
MAG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 61.37
ROIC/WACCN/A
WACCN/A
MAG.CA Yearly LT Debt VS Equity VS FCFMAG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M 500M

2.3 Liquidity

A Current Ratio of 32.55 indicates that MAG has no problem at all paying its short term obligations.
The Current ratio of MAG (32.55) is better than 94.91% of its industry peers.
A Quick Ratio of 32.55 indicates that MAG has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 32.55, MAG belongs to the best of the industry, outperforming 94.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 32.55
Quick Ratio 32.55
MAG.CA Yearly Current Assets VS Current LiabilitesMAG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

2

3. Growth

3.1 Past

MAG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 125.00%, which is quite impressive.
EPS 1Y (TTM)125%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%144.44%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%

3.2 Future

The Earnings Per Share is expected to grow by 8.96% on average over the next years. This is quite good.
MAG is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.09% yearly.
EPS Next Y59.39%
EPS Next 2Y30.15%
EPS Next 3Y16.08%
EPS Next 5Y8.96%
Revenue Next Year-72.34%
Revenue Next 2Y-50.89%
Revenue Next 3Y-17.37%
Revenue Next 5Y-13.09%

3.3 Evolution

MAG.CA Yearly Revenue VS EstimatesMAG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50M 100M 150M
MAG.CA Yearly EPS VS EstimatesMAG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 0.4 0.6 0.8 1

4

4. Valuation

4.1 Price/Earnings Ratio

MAG is valuated rather expensively with a Price/Earnings ratio of 21.89.
Based on the Price/Earnings ratio, MAG is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
MAG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.12.
The Price/Forward Earnings ratio is 19.33, which indicates a rather expensive current valuation of MAG.
Based on the Price/Forward Earnings ratio, MAG is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 94.77, MAG is valued rather cheaply.
Industry RankSector Rank
PE 21.89
Fwd PE 19.33
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 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MAG.CA Per share dataMAG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

MAG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MAG's earnings are expected to grow with 16.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y30.15%
EPS Next 3Y16.08%

0

5. Dividend

5.1 Amount

MAG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

MAG SILVER CORP

TSX:MAG (2/7/2025, 7:00:00 PM)

22.55

-0.45 (-1.96%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)N/A N/A
Inst Owners59.99%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap2.33B
Analysts77.14
Price Target27.07 (20.04%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)22.98%
Min EPS beat(2)14.64%
Max EPS beat(2)31.32%
EPS beat(4)4
Avg EPS beat(4)17.69%
Min EPS beat(4)10.47%
Max EPS beat(4)31.32%
EPS beat(8)5
Avg EPS beat(8)-13.38%
EPS beat(12)6
Avg EPS beat(12)-5.04%
EPS beat(16)8
Avg EPS beat(16)-37.52%
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)1.35%
PT rev (3m)10.06%
EPS NQ rev (1m)2.16%
EPS NQ rev (3m)31.36%
EPS NY rev (1m)0.83%
EPS NY rev (3m)4.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.47%
Valuation
Industry RankSector Rank
PE 21.89
Fwd PE 19.33
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 2.84
P/tB 2.84
EV/EBITDA N/A
EPS(TTM)1.03
EY4.57%
EPS(NY)1.17
Fwd EY5.17%
FCF(TTM)-0.49
FCFYN/A
OCF(TTM)-0.13
OCFYN/A
SpS0
BVpS7.95
TBVpS7.95
PEG (NY)0.37
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.68%
ROE 13.04%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)5.1%
ROA(5y)2.21%
ROE(3y)5.21%
ROE(5y)2.27%
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 3YN/A
ROICexcg 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-Score6
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 4766.06%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 32.55
Quick Ratio 32.55
Altman-Z 61.37
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)6033.35%
Cap/Depr(5y)5095.92%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)125%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%144.44%
EPS Next Y59.39%
EPS Next 2Y30.15%
EPS Next 3Y16.08%
EPS Next 5Y8.96%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%
Revenue Next Year-72.34%
Revenue Next 2Y-50.89%
Revenue Next 3Y-17.37%
Revenue Next 5Y-13.09%
EBIT growth 1Y12.37%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year113.45%
EBIT Next 3Y9.24%
EBIT Next 5Y12.89%
FCF growth 1Y-88.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.8%
OCF growth 3YN/A
OCF growth 5YN/A