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

  • In the past year MAG was profitable.
  • MAG had a negative operating cash flow in the past year.
  • Of the past 5 years MAG 4 years were profitable.
  • MAG had a negative operating cash flow in each of the past 5 years.
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 has a Return On Assets of 16.12%. This is amongst the best in 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.
  • Looking at the Return On Invested Capital, with a value of 12.93%, MAG belongs to the top of the industry, outperforming 90.38% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MAG is significantly below the industry average of 58.77%.
  • 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

  • The Profit Margin of MAG (83.12%) is better than 99.36% of its industry peers.
  • MAG has a better Operating Margin (83.87%) than 99.36% 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 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

  • MAG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for MAG has been increased compared to 1 year ago.
  • The number of shares outstanding for MAG has been increased compared to 5 years ago.
  • MAG has a worse debt/assets ratio than last year.
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.
  • MAG has a better Altman-Z score (65.75) than 91.67% 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 of 0.00. This is in the better half of the industry: MAG outperforms 78.85% of its industry peers.
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

  • A Current Ratio of 44.26 indicates that MAG has no problem at all paying 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.
  • The Quick ratio of MAG (44.26) is better than 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

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

  • 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 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.
  • Based on the Price/Earnings ratio, MAG is valued a bit cheaper than the industry average as 73.72% 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 26.51, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 28.91 indicates a quite expensive valuation of MAG.
  • MAG's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 21.41. MAG is valued slightly more expensive when compared to this.
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 ratio is in line with 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

  • With a Yearly Dividend Yield of 1.41%, MAG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.02, MAG pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.80, MAG is paying slightly less dividend.
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 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
Industry Strength95.31
Industry Growth38.81
Earnings (Last)08-11
Earnings (Next)11-10
Inst Owners54.85%
Inst Owner Change-99.99%
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 Number0 (-100%)
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.