MAG Fundamental Analysis - MAG SILVER CORP

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to MAG. MAG was compared to 156 industry peers in the Metals & Mining industry. MAG has only an average score on both its financial health and profitability. MAG has a expensive valuation and it also scores bad on growth.

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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.

MAG had positive earnings in 4 of the past 5 years.

MAG had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

MAG's Return On Assets of 16.12% is amongst the best of the industry. MAG outperforms 96.15% of its industry peers.

MAG has a better Return On Equity (16.73%) than 89.10% of its industry peers.

MAG has a better Return On Invested Capital (12.93%) than 90.38% of its industry peers.

Measured over the past 3 years, the Average Return On Invested Capital for MAG is below the industry average of 12.87%.

The 3 year average ROIC (7.92%) for MAG is below the current ROIC(12.93%), indicating increased profibility in the last year.

		Industry Rank	Sector Rank
ROA	16.12%
ROE	16.73%
ROIC	12.93%

ROA(3y)8.8%

ROA(5y)5.16%

ROE(3y)9.05%

ROE(5y)5.31%

ROIC(3y)7.92%

ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 83.12%, MAG belongs to the best of the industry, outperforming 99.36% of the companies in the same industry.

MAG has a better Operating Margin (83.87%) than 99.36% of its industry peers.

		Industry Rank	Sector 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

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

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

MAG has more shares outstanding than it did 5 years ago.

Compared to 1 year ago, MAG has a worse debt to assets ratio.

2.2 Solvency

MAG has an Altman-Z score of 65.88. This indicates that MAG is financially healthy and has little risk of bankruptcy at the moment.

With an excellent Altman-Z score value of 65.88, MAG belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.

MAG has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.

Looking at the Debt to Equity ratio, with a value of 0.00, MAG is in the better half of the industry, outperforming 79.49% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	65.88

ROIC/WACC1.38

WACC9.35%

2.3 Liquidity

MAG has a Current Ratio of 44.26. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.

The Current ratio of MAG (44.26) is better than 98.08% of its industry peers.

MAG has a Quick Ratio of 44.26. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.

Looking at the Quick ratio, with a value of 44.26, MAG belongs to the top of the industry, outperforming 98.08% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	44.26
Quick Ratio	44.26

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 67.80% over the past year.

MAG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 132.08% yearly.

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.

The Revenue is expected to decrease by -18.92% on average over the next years. This is quite bad

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.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 24.77, the valuation of MAG can be described as rather expensive.

Based on the Price/Earnings ratio, MAG is valued a bit cheaper than the industry average as 70.51% of the companies are valued more expensively.

Compared to an average S&P500 Price/Earnings ratio of 27.08, MAG is valued at the same level.

MAG is valuated quite expensively with a Price/Forward Earnings ratio of 28.97.

MAG's Price/Forward Earnings is on the same level as the industry average.

When comparing the Price/Forward Earnings ratio of MAG to the average of the S&P500 Index (22.72), we can say MAG is valued slightly more expensively.

		Industry Rank	Sector Rank
PE	24.77
Fwd PE	28.97

4.2 Price Multiples

MAG's Enterprise Value to EBITDA ratio is in line with the industry average.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	22.52

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.

PEG (NY)0.51

PEG (5Y)N/A

EPS Next 2Y6.23%

EPS Next 3Y5.42%

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5. Dividend

5.1 Amount

MAG has a Yearly Dividend Yield of 1.47%.

Compared to an average industry Dividend Yield of 2.69, MAG pays a bit more dividend than its industry peers.

MAG's Dividend Yield is slightly below the S&P500 average, which is at 2.35.

		Industry Rank	Sector Rank
Dividend Yield	1.47%

5.2 History

MAG does not have a reliable dividend history as it only pays dividend since a couple or years.

Dividend Growth(5Y)N/A

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

DPN/A

EPS Next 2Y6.23%

EPS Next 3Y5.42%

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MAG SILVER CORP

NYSEARCA:MAG (8/29/2025, 8:04:00 PM)

After market: 24.43 -0.09 (-0.37%)

24.52

+0.55 (+2.29%)

Chartmill FA Rating

GICS SectorMaterials

GICS IndustryGroupMaterials

GICS IndustryMetals & Mining

Earnings (Last)08-11 2025-08-11/bmo

Earnings (Next)11-10 2025-11-10/amc

Inst Owners54.85%

Inst Owner Change38.64%

Ins Owners0.26%

Ins Owner ChangeN/A

Market Cap2.54B

Analysts71.67

Price Target22.33 (-8.93%)

Short Float %1.67%

Short Ratio0.96

Dividend

		Industry Rank	Sector Rank
Dividend Yield	1.47%

Yearly DividendN/A

Dividend Growth(5Y)N/A

DPN/A

Div Incr Years0

Div Non Decr Years0

Ex-Date08-18 2025-08-18 (0.144)

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)6.6%

PT rev (3m)8.16%

EPS NQ rev (1m)5.98%

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 Rank	Sector Rank
PE	24.77
Fwd PE	28.97
P/S	20.38
P/FCF	N/A
P/OCF	N/A
P/B	4.1
P/tB	4.1
EV/EBITDA	22.52

EPS(TTM)0.99

EY4.04%

EPS(NY)0.85

Fwd EY3.45%

FCF(TTM)-0.29

FCFYN/A

OCF(TTM)-0.07

OCFYN/A

SpS1.2

BVpS5.98

TBVpS5.98

PEG (NY)0.51

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	16.12%
ROE	16.73%
ROCE	16.36%
ROIC	12.93%
ROICexc	17.69%
ROICexgc	17.69%
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)7.92%

ROIC(5y)N/A

ROICexc(3y)9.73%

ROICexc(5y)N/A

ROICexgc(3y)9.73%

ROICexgc(5y)N/A

ROCE(3y)10.03%

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-Score4

Asset Turnover0.19

Health

		Industry Rank	Sector 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	65.88

F-Score4

WACC9.35%

ROIC/WACC1.38

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) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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