FIRST MAJESTIC SILVER CORP (AG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AG - CA32076V1031 - Common Stock
17.52 USD
+0.83 (+4.97%)
17.78 USD
+0.26 (+1.48%)
Taking everything into account, AG scores 6 out of 10 in our fundamental rating. AG was compared to 156 industry peers in the Metals & Mining industry. AG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. AG is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
AG had positive earnings in the past year.
In the past year AG had a positive cash flow from operations.
AG had negative earnings in 4 of the past 5 years.
Each year in the past 5 years AG had a positive operating cash flow.
1.2 Ratios
AG has a Return On Assets of 1.61%. This is in the better half of the industry: AG outperforms 60.90% of its industry peers.
With a decent Return On Equity value of 2.63%, AG is doing good in the industry, outperforming 61.54% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.64%, AG is in line with its industry, outperforming 57.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 2.63% | ||
| ROIC | 3.64% |
ROA(3y)-5.8%
ROA(5y)-3.15%
ROE(3y)-8.53%
ROE(5y)-4.64%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AG has a Profit Margin of 7.07%. This is in the better half of the industry: AG outperforms 71.79% of its industry peers.
With a decent Operating Margin value of 19.10%, AG is doing good in the industry, outperforming 70.51% of the companies in the same industry.
In the last couple of years the Operating Margin of AG has declined.
AG's Gross Margin of 27.78% is fine compared to the rest of the industry. AG outperforms 64.10% of its industry peers.
AG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.1% | ||
| PM (TTM) | 7.07% | ||
| GM | 27.78% |
OM growth 3Y-29.38%
OM growth 5Y-16.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y-14.71%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AG is destroying value.
Compared to 1 year ago, AG has more shares outstanding
Compared to 5 years ago, AG has more shares outstanding
AG has a better debt/assets ratio than last year.
2.2 Solvency
AG has an Altman-Z score of 3.51. This indicates that AG is financially healthy and has little risk of bankruptcy at the moment.
AG has a Altman-Z score of 3.51. This is comparable to the rest of the industry: AG outperforms 51.28% of its industry peers.
The Debt to FCF ratio of AG is 1.56, which is an excellent value as it means it would take AG, only 1.56 years of fcf income to pay off all of its debts.
AG's Debt to FCF ratio of 1.56 is amongst the best of the industry. AG outperforms 81.41% of its industry peers.
AG has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
AG has a better Debt to Equity ratio (0.09) than 62.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.56 | ||
| Altman-Z | 3.51 |
ROIC/WACC0.39
WACC9.21%
2.3 Liquidity
A Current Ratio of 3.38 indicates that AG has no problem at all paying its short term obligations.
AG's Current ratio of 3.38 is fine compared to the rest of the industry. AG outperforms 67.95% of its industry peers.
AG has a Quick Ratio of 2.96. This indicates that AG is financially healthy and has no problem in meeting its short term obligations.
AG has a Quick ratio of 2.96. This is in the better half of the industry: AG outperforms 67.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.38 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
AG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 200.00%, which is quite impressive.
The Revenue has grown by 83.84% in the past year. This is a very strong growth!
AG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.02% yearly.
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%333.33%
Revenue 1Y (TTM)83.84%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%95.11%
3.2 Future
Based on estimates for the next years, AG will show a very strong growth in Earnings Per Share. The EPS will grow by 49.78% on average per year.
AG is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 25.94% yearly.
EPS Next Y320.26%
EPS Next 2Y158.05%
EPS Next 3Y95.8%
EPS Next 5Y49.78%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 92.21, which means the current valuation is very expensive for AG.
Compared to the rest of the industry, the Price/Earnings ratio of AG is on the same level as its industry peers.
When comparing the Price/Earnings ratio of AG to the average of the S&P500 Index (26.61), we can say AG is valued expensively.
Based on the Price/Forward Earnings ratio of 28.93, the valuation of AG can be described as expensive.
AG's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of AG to the average of the S&P500 Index (24.01), we can say AG is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 92.21 | ||
| Fwd PE | 28.93 |
4.2 Price Multiples
AG's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, AG is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 56.64 | ||
| EV/EBITDA | 19.77 |
4.3 Compensation for Growth
AG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AG's earnings are expected to grow with 95.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y158.05%
EPS Next 3Y95.8%
5. Dividend
5.1 Amount
AG has a yearly dividend return of 0.15%, which is pretty low.
Compared to an average industry Dividend Yield of 1.02, AG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, AG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.15% |
5.2 History
AG has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
12.79% of the earnings are spent on dividend by AG. This is a low number and sustainable payout ratio.
DP12.79%
EPS Next 2Y158.05%
EPS Next 3Y95.8%
17.52
+0.83 (+4.97%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners52.79%
Inst Owner Change-1.58%
Ins Owners1.06%
Ins Owner Change0%
Market Cap8.61B
Revenue(TTM)965.57M
Net Income(TTM)68.31M
Analysts80
Price Target17.26 (-1.48%)
Short Float %4.55%
Short Ratio1.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.15% |
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP12.79%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)62.34%
Min EPS beat(2)-34.23%
Max EPS beat(2)158.9%
EPS beat(4)1
Avg EPS beat(4)20.97%
Min EPS beat(4)-34.23%
Max EPS beat(4)158.9%
EPS beat(8)2
Avg EPS beat(8)-73.49%
EPS beat(12)4
Avg EPS beat(12)-71.43%
EPS beat(16)4
Avg EPS beat(16)-92.21%
Revenue beat(2)0
Avg Revenue beat(2)-9.75%
Min Revenue beat(2)-10.14%
Max Revenue beat(2)-9.35%
Revenue beat(4)1
Avg Revenue beat(4)-4%
Min Revenue beat(4)-10.14%
Max Revenue beat(4)5.21%
Revenue beat(8)3
Avg Revenue beat(8)-2.51%
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)7.45%
PT rev (3m)68.84%
EPS NQ rev (1m)-14.58%
EPS NQ rev (3m)148.49%
EPS NY rev (1m)4.91%
EPS NY rev (3m)73.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)8.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 92.21 | ||
| Fwd PE | 28.93 | ||
| P/S | 8.91 | ||
| P/FCF | 56.64 | ||
| P/OCF | 25.33 | ||
| P/B | 3.31 | ||
| P/tB | 3.31 | ||
| EV/EBITDA | 19.77 |
EPS(TTM)0.19
EY1.08%
EPS(NY)0.61
Fwd EY3.46%
FCF(TTM)0.31
FCFY1.77%
OCF(TTM)0.69
OCFY3.95%
SpS1.97
BVpS5.29
TBVpS5.29
PEG (NY)0.29
PEG (5Y)N/A
Graham Number4.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 2.63% | ||
| ROCE | 4.6% | ||
| ROIC | 3.64% | ||
| ROICexc | 4.24% | ||
| ROICexgc | 4.24% | ||
| OM | 19.1% | ||
| PM (TTM) | 7.07% | ||
| GM | 27.78% | ||
| FCFM | 15.74% |
ROA(3y)-5.8%
ROA(5y)-3.15%
ROE(3y)-8.53%
ROE(5y)-4.64%
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
ROICexgc growth 3Y-32.27%
ROICexgc growth 5Y-22.93%
ROICexc growth 3Y-32.27%
ROICexc growth 5Y-22.93%
OM growth 3Y-29.38%
OM growth 5Y-16.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y-14.71%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.56 | ||
| Debt/EBITDA | 0.54 | ||
| Cap/Depr | 82.72% | ||
| Cap/Sales | 19.45% | ||
| Interest Coverage | 23.4 | ||
| Cash Conversion | 82.56% | ||
| Profit Quality | 222.42% | ||
| Current Ratio | 3.38 | ||
| Quick Ratio | 2.96 | ||
| Altman-Z | 3.51 |
F-Score7
WACC9.21%
ROIC/WACC0.39
Cap/Depr(3y)121.95%
Cap/Depr(5y)145.81%
Cap/Sales(3y)26.95%
Cap/Sales(5y)28.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%333.33%
EPS Next Y320.26%
EPS Next 2Y158.05%
EPS Next 3Y95.8%
EPS Next 5Y49.78%
Revenue 1Y (TTM)83.84%
Revenue growth 3Y-1.36%
Revenue growth 5Y9.02%
Sales Q2Q%95.11%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%
EBIT growth 1Y1652.11%
EBIT growth 3Y-30.34%
EBIT growth 5Y-8.55%
EBIT Next Year181.52%
EBIT Next 3Y68.57%
EBIT Next 5Y32.49%
FCF growth 1Y198.11%
FCF growth 3YN/A
FCF growth 5Y11.46%
OCF growth 1Y1519.43%
OCF growth 3Y30.28%
OCF growth 5Y1.65%
FIRST MAJESTIC SILVER CORP / AG FAQ
What is the fundamental rating for AG stock?
ChartMill assigns a fundamental rating of 6 / 10 to AG.
What is the valuation status for AG stock?
ChartMill assigns a valuation rating of 4 / 10 to FIRST MAJESTIC SILVER CORP (AG). This can be considered as Fairly Valued.
What is the profitability of AG stock?
FIRST MAJESTIC SILVER CORP (AG) has a profitability rating of 4 / 10.
What are the PE and PB ratios of FIRST MAJESTIC SILVER CORP (AG) stock?
The Price/Earnings (PE) ratio for FIRST MAJESTIC SILVER CORP (AG) is 92.21 and the Price/Book (PB) ratio is 3.31.
Is the dividend of FIRST MAJESTIC SILVER CORP sustainable?
The dividend rating of FIRST MAJESTIC SILVER CORP (AG) is 3 / 10 and the dividend payout ratio is 12.79%.