MAG Silver Corp (MAG) Fundamental Analysis & Valuation

NYSEARCA:MAG • CA55903Q1046

Current stock price

24.47 USD
-0.29 (-1.17%)
At close:
24.55 USD
+0.08 (+0.33%)
After Hours:

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

5

1. MAG Profitability Analysis

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.
  • In the past 5 years MAG always reported negative operating cash flow.
MAG Yearly Net Income VS EBIT VS OCF VS FCFMAG 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 96.15% of its industry peers.
  • The Return On Equity of MAG (16.73%) is better than 89.10% of its industry peers.
  • MAG's Return On Invested Capital of 12.93% is amongst the best of the industry. MAG outperforms 90.38% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MAG is significantly below the industry average of 61.56%.
  • The 3 year average ROIC (7.92%) for MAG is below the current ROIC(12.93%), indicating increased profibility in the last year.
Industry RankSector 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
MAG Yearly ROA, ROE, ROICMAG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • MAG has a Profit Margin of 83.12%. This is amongst the best in the industry. MAG outperforms 99.36% of its industry peers.
  • With an excellent Operating Margin value of 83.87%, MAG belongs to the best of the industry, outperforming 99.36% of the companies in the same industry.
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 Yearly Profit, Operating, Gross MarginsMAG 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 Health Analysis

2.1 Basic Checks

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

  • MAG has an Altman-Z score of 65.75. This indicates that MAG is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 65.75, MAG belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.00 indicates that MAG is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.00, MAG is doing good in the industry, outperforming 78.85% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 65.75
ROIC/WACC1.39
WACC9.31%
MAG Yearly LT Debt VS Equity VS FCFMAG 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

  • 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.
  • MAG has a better Current ratio (44.26) than 98.08% of its industry peers.
  • A Quick Ratio of 44.26 indicates that MAG has no problem at all paying its short term obligations.
  • MAG's Quick ratio of 44.26 is amongst the best of the industry. MAG outperforms 98.08% of its industry peers.
Industry RankSector Rank
Current Ratio 44.26
Quick Ratio 44.26
MAG Yearly Current Assets VS Current LiabilitesMAG 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 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.
  • MAG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 132.08% yearly.
  • MAG shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.67%.
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 Yearly Revenue VS EstimatesMAG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
MAG Yearly EPS VS EstimatesMAG 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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2

4. MAG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.72, MAG is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of MAG indicates a somewhat cheap valuation: MAG is cheaper than 73.72% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.60. MAG is around the same levels.
  • Based on the Price/Forward Earnings ratio of 28.91, the valuation of MAG can be described as expensive.
  • MAG's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, MAG is valued a bit more expensive.
Industry RankSector Rank
PE 24.72
Fwd PE 28.91
MAG Price Earnings VS Forward Price EarningsMAG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MAG's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.47
MAG Per share dataMAG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 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.
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 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.
  • Compared to an average industry Dividend Yield of 1.15, MAG pays a bit more dividend than its industry peers.
  • MAG's Dividend Yield is slightly below the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.41%

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
MAG Yearly Dividends per shareMAG 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 Yearly Income VS Free CF VS DividendMAG 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 Fundamentals: All Metrics, Ratios and Statistics

MAG Silver Corp

NYSEARCA:MAG (9/3/2025, 8:04:00 PM)

After market: 24.55 +0.08 (+0.33%)

24.47

-0.29 (-1.17%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-11
Earnings (Next)11-10
Inst Owners54.85%
Inst Owner Change0%
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap2.53B
Revenue(TTM)124.46M
Net Income(TTM)103.46M
Analysts71.67
Price Target22.33 (-8.75%)
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)0.56%
PT rev (3m)8.17%
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 24.72
Fwd PE 28.91
P/S 20.34
P/FCF N/A
P/OCF N/A
P/B 4.09
P/tB 4.09
EV/EBITDA 22.47
EPS(TTM)0.99
EY4.05%
EPS(NY)0.85
Fwd EY3.46%
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
Graham NumberN/A
Profitability
Industry RankSector 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
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 65.75
F-Score4
WACC9.31%
ROIC/WACC1.39
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 Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to MAG.


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

ChartMill assigns a valuation rating of 2 / 10 to MAG Silver Corp (MAG). This can be considered as Overvalued.


How profitable is MAG Silver Corp (MAG) stock?

MAG Silver Corp (MAG) 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) is 24.72 and the Price/Book (PB) ratio is 4.09.