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FIRST MAJESTIC SILVER CORP (AG) Stock Fundamental Analysis

NYSE:AG - New York Stock Exchange, Inc. - CA32076V1031 - Common Stock - Currency: USD

6.16  +0.45 (+7.88%)

After market: 6.18 +0.02 (+0.32%)

Fundamental Rating

3

Overall AG gets a fundamental rating of 3 out of 10. We evaluated AG against 150 industry peers in the Metals & Mining industry. AG may be in some trouble as it scores bad on both profitability and health. AG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year AG has reported negative net income.
AG had a positive operating cash flow in the past year.
AG had negative earnings in 4 of the past 5 years.
In the past 5 years AG always reported a positive cash flow from operatings.
AG Yearly Net Income VS EBIT VS OCF VS FCFAG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M

1.2 Ratios

The Return On Assets of AG (-3.96%) is worse than 60.84% of its industry peers.
AG has a Return On Equity (-5.73%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -3.96%
ROE -5.73%
ROIC N/A
ROA(3y)-4.16%
ROA(5y)-2.91%
ROE(3y)-6.13%
ROE(5y)-4.36%
ROIC(3y)N/A
ROIC(5y)N/A
AG Yearly ROA, ROE, ROICAG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

AG has a Gross Margin of 9.34%. This is in the lower half of the industry: AG underperforms 62.24% of its industry peers.
AG's Gross Margin has declined in the last couple of years.
AG does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 9.34%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-40.08%
GM growth 5Y-24.17%
AG Yearly Profit, Operating, Gross MarginsAG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 -60

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3

2. Health

2.1 Basic Checks

AG does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for AG has been increased compared to 1 year ago.
The number of shares outstanding for AG has been increased compared to 5 years ago.
Compared to 1 year ago, AG has a worse debt to assets ratio.
AG Yearly Shares OutstandingAG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
AG Yearly Total Debt VS Total AssetsAG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

AG has an Altman-Z score of 1.65. This is a bad value and indicates that AG is not financially healthy and even has some risk of bankruptcy.
AG's Altman-Z score of 1.65 is on the low side compared to the rest of the industry. AG is outperformed by 65.73% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that AG is not too dependend on debt financing.
AG has a Debt to Equity ratio (0.17) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Altman-Z 1.65
ROIC/WACCN/A
WACC9.45%
AG Yearly LT Debt VS Equity VS FCFAG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

AG has a Current Ratio of 3.05. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
AG's Current ratio of 3.05 is fine compared to the rest of the industry. AG outperforms 65.03% of its industry peers.
AG has a Quick Ratio of 2.44. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.44, AG is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.05
Quick Ratio 2.44
AG Yearly Current Assets VS Current LiabilitesAG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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5

3. Growth

3.1 Past

AG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.15%.
Looking at the last year, AG shows a very negative growth in Revenue. The Revenue has decreased by -10.23% in the last year.
The Revenue has been growing by 13.78% on average over the past years. This is quite good.
EPS 1Y (TTM)-46.15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
Revenue 1Y (TTM)-10.23%
Revenue growth 3Y16.4%
Revenue growth 5Y13.78%
Sales Q2Q%9.68%

3.2 Future

AG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.28% yearly.
The Revenue is expected to grow by 23.80% on average over the next years. This is a very strong growth
EPS Next Y-44.2%
EPS Next 2Y138.43%
EPS Next 3Y90.22%
EPS Next 5Y47.28%
Revenue Next Year-6.67%
Revenue Next 2Y16.53%
Revenue Next 3Y23.8%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AG Yearly Revenue VS EstimatesAG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
AG Yearly EPS VS EstimatesAG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AG. In the last year negative earnings were reported.
AG is valuated rather expensively with a Price/Forward Earnings ratio of 18.57.
AG's Price/Forward Earnings ratio is in line with the industry average.
AG is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 18.57
AG Price Earnings VS Forward Price EarningsAG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.61
AG Per share dataAG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

A more expensive valuation may be justified as AG's earnings are expected to grow with 90.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y138.43%
EPS Next 3Y90.22%

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1

5. Dividend

5.1 Amount

AG has a yearly dividend return of 0.29%, which is pretty low.
Compared to an average industry Dividend Yield of 3.15, AG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, AG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.29%

5.2 History

AG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
AG Yearly Dividends per shareAG Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 0 0 0 0 0

5.3 Sustainability

AG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-6.66%
EPS Next 2Y138.43%
EPS Next 3Y90.22%
AG Yearly Income VS Free CF VS DividendAG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50M -100M -150M -200M

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FIRST MAJESTIC SILVER CORP

NYSE:AG (2/4/2025, 8:25:31 PM)

After market: 6.18 +0.02 (+0.32%)

6.16

+0.45 (+7.88%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)02-20 2025-02-20/amc
Inst Owners37.8%
Inst Owner Change-2.22%
Ins Owners1.57%
Ins Owner Change0%
Market Cap1.86B
Analysts80
Price Target7.14 (15.91%)
Short Float %13.66%
Short Ratio3.3
Dividend
Industry RankSector Rank
Dividend Yield 0.29%
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-6.66%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-244.62%
Min EPS beat(2)-249.44%
Max EPS beat(2)-239.81%
EPS beat(4)1
Avg EPS beat(4)-202.15%
Min EPS beat(4)-342.72%
Max EPS beat(4)23.35%
EPS beat(8)3
Avg EPS beat(8)-121.4%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-4.76%
Min Revenue beat(2)-16.99%
Max Revenue beat(2)7.48%
Revenue beat(4)2
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-16.99%
Max Revenue beat(4)7.48%
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)0.88%
PT rev (3m)4.77%
EPS NQ rev (1m)120%
EPS NQ rev (3m)120%
EPS NY rev (1m)-8%
EPS NY rev (3m)-65.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.16%
Revenue NY rev (3m)4.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 18.57
P/S 3.63
P/FCF N/A
P/OCF 24.98
P/B 1.35
P/tB 1.35
EV/EBITDA 19.61
EPS(TTM)-0.19
EYN/A
EPS(NY)0.33
Fwd EY5.38%
FCF(TTM)-0.14
FCFYN/A
OCF(TTM)0.25
OCFY4%
SpS1.7
BVpS4.55
TBVpS4.55
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.96%
ROE -5.73%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 9.34%
FCFM N/A
ROA(3y)-4.16%
ROA(5y)-2.91%
ROE(3y)-6.13%
ROE(5y)-4.36%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
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 3Y-40.08%
GM growth 5Y-24.17%
F-Score5
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Debt/EBITDA 2.72
Cap/Depr 100%
Cap/Sales 22.75%
Interest Coverage N/A
Cash Conversion 85.25%
Profit Quality N/A
Current Ratio 3.05
Quick Ratio 2.44
Altman-Z 1.65
F-Score5
WACC9.45%
ROIC/WACCN/A
Cap/Depr(3y)144.63%
Cap/Depr(5y)162.75%
Cap/Sales(3y)30.89%
Cap/Sales(5y)31.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
EPS Next Y-44.2%
EPS Next 2Y138.43%
EPS Next 3Y90.22%
EPS Next 5Y47.28%
Revenue 1Y (TTM)-10.23%
Revenue growth 3Y16.4%
Revenue growth 5Y13.78%
Sales Q2Q%9.68%
Revenue Next Year-6.67%
Revenue Next 2Y16.53%
Revenue Next 3Y23.8%
Revenue Next 5YN/A
EBIT growth 1Y55.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-58.61%
EBIT Next 3Y18.73%
EBIT Next 5Y11.42%
FCF growth 1Y74.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y81.84%
OCF growth 3Y-8.62%
OCF growth 5Y12.83%