MAG SILVER CORP (MAG) Stock Fundamental Analysis
NYSEARCA:MAG - NYSE Arca - CA55903Q1046 - Common Stock - Currency: USD
MAG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. Both the profitability and the financial health of MAG get a neutral evaluation. Nothing too spectacular is happening here. MAG has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MAG was profitable.
MAG had a negative operating cash flow in the past year.
MAG had positive earnings in 4 of the past 5 years.
In the past 5 years MAG always reported negative operating cash flow.
1.2 Ratios
MAG has a Return On Assets of 14.26%. This is amongst the best in the industry. MAG outperforms 93.63% of its industry peers.
MAG's Return On Equity of 15.18% is amongst the best of the industry. MAG outperforms 85.99% of its industry peers.
MAG has a better Return On Invested Capital (8.60%) than 78.98% of its industry peers.
MAG had an Average Return On Invested Capital over the past 3 years of 7.92%. This is below the industry average of 12.11%.
The 3 year average ROIC (7.92%) for MAG is below the current ROIC(8.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.26% | ||
| ROE | 15.18% | ||
| ROIC | 8.6% |
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
MAG has a Profit Margin of 111.24%. This is amongst the best in the industry. MAG outperforms 100.00% of its industry peers.
With an excellent Operating Margin value of 82.11%, MAG belongs to the best of the industry, outperforming 99.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 82.11% | ||
| PM (TTM) | 111.24% | ||
| 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
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MAG is still creating some value.
MAG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MAG has been increased compared to 5 years ago.
The debt/assets ratio for MAG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 37.34 indicates that MAG is not in any danger for bankruptcy at the moment.
The Altman-Z score of MAG (37.34) is better than 89.17% 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.
The Debt to Equity ratio of MAG (0.00) is better than 78.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 37.34 |
ROIC/WACC1
WACC8.56%
2.3 Liquidity
MAG has a Current Ratio of 7.35. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 7.35, MAG belongs to the top of the industry, outperforming 87.90% of the companies in the same industry.
A Quick Ratio of 7.35 indicates that MAG has no problem at all paying its short term obligations.
MAG has a better Quick ratio (7.35) than 87.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.35 | ||
| Quick Ratio | 7.35 |
3. Growth
3.1 Past
MAG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.39%, 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)54.39%
EPS 3Y132.08%
EPS 5YN/A
EPS Q2Q%92.86%
Revenue 1Y (TTM)42.67%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%
3.2 Future
The Earnings Per Share is expected to decrease by -2.33% on average over the next years.
MAG is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -18.92% yearly.
EPS Next Y16.57%
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
EPS Next 5Y-2.33%
Revenue Next Year173.18%
Revenue Next 2Y36.94%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 26.31, MAG can be considered very expensive at the moment.
Based on the Price/Earnings ratio, MAG is valued a bit cheaper than the industry average as 66.88% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.48. MAG is around the same levels.
Based on the Price/Forward Earnings ratio of 34.48, the valuation of MAG can be described as expensive.
MAG's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.04, MAG is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.31 | ||
| Fwd PE | 34.48 |
4.2 Price Multiples
MAG's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 32.8 |
4.3 Compensation for Growth
MAG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.59
PEG (5Y)N/A
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
5. Dividend
5.1 Amount
With a yearly dividend of 0.25%, MAG is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.89, MAG has a dividend in line with its industry peers.
With a Dividend Yield of 0.25, MAG pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
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
5.3 Sustainability
DPN/A
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
23.15
+0.31 (+1.36%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners54.85%
Inst Owner Change-0.22%
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap2.40B
Analysts71.67
Price Target22.21 (-4.06%)
Short Float %1.98%
Short Ratio1.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.37%
Min EPS beat(2)-20.79%
Max EPS beat(2)12.05%
EPS beat(4)3
Avg EPS beat(4)9.31%
Min EPS beat(4)-20.79%
Max EPS beat(4)31.32%
EPS beat(8)6
Avg EPS beat(8)6.05%
EPS beat(12)6
Avg EPS beat(12)-12.43%
EPS beat(16)8
Avg EPS beat(16)-25.82%
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)7.39%
PT rev (3m)7.56%
EPS NQ rev (1m)6.35%
EPS NQ rev (3m)25.23%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)160.91%
Revenue NY rev (3m)160.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.31 | ||
| Fwd PE | 34.48 | ||
| P/S | 29.08 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.97 | ||
| P/tB | 3.97 | ||
| EV/EBITDA | 32.8 |
EPS(TTM)0.88
EY3.8%
EPS(NY)0.67
Fwd EY2.9%
FCF(TTM)-0.31
FCFYN/A
OCF(TTM)-0.06
OCFYN/A
SpS0.8
BVpS5.83
TBVpS5.83
PEG (NY)1.59
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.26% | ||
| ROE | 15.18% | ||
| ROCE | 10.89% | ||
| ROIC | 8.6% | ||
| ROICexc | 11.5% | ||
| ROICexgc | 11.5% | ||
| OM | 82.11% | ||
| PM (TTM) | 111.24% | ||
| 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-Score3
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.03 | ||
| Cap/Depr | 3709.54% | ||
| Cap/Sales | 31.16% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 7.35 | ||
| Quick Ratio | 7.35 | ||
| Altman-Z | 37.34 |
F-Score3
WACC8.56%
ROIC/WACC1
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)54.39%
EPS 3Y132.08%
EPS 5YN/A
EPS Q2Q%92.86%
EPS Next Y16.57%
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
EPS Next 5Y-2.33%
Revenue 1Y (TTM)42.67%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%
Revenue Next Year173.18%
Revenue Next 2Y36.94%
Revenue Next 3Y47.01%
Revenue Next 5Y-18.92%
EBIT growth 1Y590.56%
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-32.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y41.01%
OCF growth 3YN/A
OCF growth 5YN/A