MAG Silver Corp (MAG) Fundamental Analysis & Valuation

NYSEARCA:MAG • CA55903Q1046

24.47 USD
-0.29 (-1.17%)
At close: Sep 3, 2025
24.55 USD
+0.08 (+0.33%)
After Hours: 9/3/2025, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

MAG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. MAG has an average financial health and profitability rating. MAG has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

5

1. MAG Profitability Analysis

1.1 Basic Checks

  • In the past year MAG was profitable.
  • In the past year MAG has reported a negative cash flow from operations.
  • 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's Return On Assets of 16.12% is amongst the best of the industry. MAG outperforms 96.15% of its industry peers.
  • MAG's Return On Equity of 16.73% is amongst the best of the industry. MAG outperforms 89.10% of its industry peers.
  • MAG has a Return On Invested Capital of 12.93%. This is amongst the best in the industry. MAG outperforms 90.38% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MAG is below the industry average of 11.54%.
  • 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 better Profit Margin (83.12%) 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

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

  • An Altman-Z score of 65.75 indicates that MAG is not in any danger for 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.
  • 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

  • A Current Ratio of 44.26 indicates that MAG has no problem at all paying its short term obligations.
  • MAG has a Current ratio of 44.26. This is amongst the best in the industry. MAG outperforms 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.
  • Looking at the last year, MAG shows a very strong growth in Revenue. 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

  • The Earnings Per Share is expected to decrease by -2.33% on average over the next years.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
  • MAG's Price/Earnings ratio is a bit cheaper when compared to the industry. MAG is cheaper than 73.72% of the companies in the same industry.
  • MAG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.71.
  • MAG is valuated quite expensively with a Price/Forward Earnings ratio of 28.91.
  • MAG's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. 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 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MAG is on the same level as its industry peers.
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

  • 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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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.
  • MAG's Dividend Yield is a higher than the industry average which is at 1.06.
  • Compared to the average S&P500 Dividend Yield of 1.82, 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
Earnings (Last)08-11
Earnings (Next)11-10
Inst Owners54.85%
Inst Owner Change-99.8%
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 FAQ

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

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


Can you provide the valuation status for MAG Silver Corp?

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


Can you provide the profitability details for MAG Silver Corp?

MAG Silver Corp (MAG) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for MAG stock?

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


What is the earnings growth outlook for MAG Silver Corp?

The Earnings per Share (EPS) of MAG Silver Corp (MAG) is expected to grow by 48.94% in the next year.