FIRST MAJESTIC SILVER CORP (FMV.DE) Fundamental Analysis & Valuation

FRA:FMV • CA32076V1031

Current stock price

17.87 EUR
+0.8 (+4.66%)
Last:

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

5

1. FMV.DE Profitability Analysis

1.1 Basic Checks

  • In the past year FMV was profitable.
  • In the past year FMV had a positive cash flow from operations.
  • FMV had negative earnings in 4 of the past 5 years.
  • In the past 5 years FMV always reported a positive cash flow from operatings.
FMV.DE Yearly Net Income VS EBIT VS OCF VS FCFFMV.DE 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 2025 0 200M -200M 400M

1.2 Ratios

  • With a Return On Assets value of 3.51%, FMV perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
  • FMV's Return On Equity of 5.97% is in line compared to the rest of the industry. FMV outperforms 53.85% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.65%, FMV is in line with its industry, outperforming 46.15% of the companies in the same industry.
Industry RankSector Rank
ROA 3.51%
ROE 5.97%
ROIC 4.65%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
FMV.DE Yearly ROA, ROE, ROICFMV.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10 -20 -30

1.3 Margins

  • The Profit Margin of FMV (13.12%) is better than 74.36% of its industry peers.
  • FMV's Profit Margin has improved in the last couple of years.
  • FMV has a Operating Margin of 29.33%. This is in the better half of the industry: FMV outperforms 79.49% of its industry peers.
  • FMV's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 36.41%, FMV is in the better half of the industry, outperforming 64.10% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FMV has grown nicely.
Industry RankSector Rank
OM 29.33%
PM (TTM) 13.12%
GM 36.41%
OM growth 3YN/A
OM growth 5Y12.03%
PM growth 3YN/A
PM growth 5Y15.64%
GM growth 3Y138.51%
GM growth 5Y2.84%
FMV.DE Yearly Profit, Operating, Gross MarginsFMV.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

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8

2. FMV.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FMV is destroying value.
  • FMV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FMV.DE Yearly Shares OutstandingFMV.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
FMV.DE Yearly Total Debt VS Total AssetsFMV.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 3.60 indicates that FMV is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of FMV (3.60) is better than 69.23% of its industry peers.
  • The Debt to FCF ratio of FMV is 0.98, which is an excellent value as it means it would take FMV, only 0.98 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of FMV (0.98) is better than 82.05% of its industry peers.
  • FMV has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • FMV has a better Debt to Equity ratio (0.11) than 76.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.98
Altman-Z 3.6
ROIC/WACC0.41
WACC11.31%
FMV.DE Yearly LT Debt VS Equity VS FCFFMV.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 2.60 indicates that FMV has no problem at all paying its short term obligations.
  • The Current ratio of FMV (2.60) is better than 79.49% of its industry peers.
  • A Quick Ratio of 2.41 indicates that FMV has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.41, FMV belongs to the top of the industry, outperforming 89.74% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.6
Quick Ratio 2.41
FMV.DE Yearly Current Assets VS Current LiabilitesFMV.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. FMV.DE Growth Analysis

3.1 Past

  • FMV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 453.85%, which is quite impressive.
  • FMV shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.03% yearly.
  • FMV shows a strong growth in Revenue. In the last year, the Revenue has grown by 124.25%.
  • FMV shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.14% yearly.
EPS 1Y (TTM)453.85%
EPS 3YN/A
EPS 5Y22.03%
EPS Q2Q%900%
Revenue 1Y (TTM)124.25%
Revenue growth 3Y26.28%
Revenue growth 5Y28.14%
Sales Q2Q%169.25%

3.2 Future

  • Based on estimates for the next years, FMV will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.41% on average per year.
  • Based on estimates for the next years, FMV will show a small growth in Revenue. The Revenue will grow by 4.75% on average per year.
EPS Next Y109.58%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
EPS Next 5Y9.41%
Revenue Next Year22.85%
Revenue Next 2Y24.63%
Revenue Next 3Y4.75%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FMV.DE Yearly Revenue VS EstimatesFMV.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
FMV.DE Yearly EPS VS EstimatesFMV.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.2 -0.2 0.4 0.6 0.8 1

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4

4. FMV.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 44.67, FMV can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, FMV is valued a bit more expensive than 61.54% of the companies in the same industry.
  • FMV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.88.
  • The Price/Forward Earnings ratio is 21.39, which indicates a rather expensive current valuation of FMV.
  • The rest of the industry has a similar Price/Forward Earnings ratio as FMV.
  • FMV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 44.68
Fwd PE 21.39
FMV.DE Price Earnings VS Forward Price EarningsFMV.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • FMV's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMV indicates a somewhat cheap valuation: FMV is cheaper than 61.54% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 32.23
EV/EBITDA 14.01
FMV.DE Per share dataFMV.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 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.
  • A more expensive valuation may be justified as FMV's earnings are expected to grow with 25.21% in the coming years.
PEG (NY)0.41
PEG (5Y)2.03
EPS Next 2Y55.22%
EPS Next 3Y25.21%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. FMV.DE Dividend Analysis

5.1 Amount

  • FMV has a yearly dividend return of 0.13%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.68, FMV is paying slightly less dividend.
  • With a Dividend Yield of 0.13, FMV pays less dividend than the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 0.13%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 5.97% of the earnings are spent on dividend by FMV. This is a low number and sustainable payout ratio.
DP5.97%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
FMV.DE Yearly Income VS Free CF VS DividendFMV.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M 300M
FMV.DE Dividend Payout.FMV.DE Dividend Payout, showing the Payout Ratio.FMV.DE Dividend Payout.PayoutRetained Earnings

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FMV.DE Fundamentals: All Metrics, Ratios and Statistics

FIRST MAJESTIC SILVER CORP

FRA:FMV (3/27/2026, 7:00:00 PM)

17.87

+0.8 (+4.66%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-15
Earnings (Next)05-05
Inst Owners54.12%
Inst Owner ChangeN/A
Ins Owners1.1%
Ins Owner ChangeN/A
Market Cap8.81B
Revenue(TTM)1.26B
Net Income(TTM)164.92M
Analysts78.46
Price Target24.23 (35.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.13%
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP5.97%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)36.91%
Min EPS beat(2)-34.23%
Max EPS beat(2)108.04%
EPS beat(4)2
Avg EPS beat(4)52.75%
Min EPS beat(4)-34.23%
Max EPS beat(4)158.9%
EPS beat(8)2
Avg EPS beat(8)-62.91%
EPS beat(12)5
Avg EPS beat(12)-57.28%
EPS beat(16)5
Avg EPS beat(16)-80.84%
Revenue beat(2)1
Avg Revenue beat(2)0.67%
Min Revenue beat(2)-10.14%
Max Revenue beat(2)11.49%
Revenue beat(4)1
Avg Revenue beat(4)-2.43%
Min Revenue beat(4)-10.14%
Max Revenue beat(4)11.49%
Revenue beat(8)3
Avg Revenue beat(8)-1.77%
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)21.85%
PT rev (3m)90.22%
EPS NQ rev (1m)81.08%
EPS NQ rev (3m)112.7%
EPS NY rev (1m)44%
EPS NY rev (3m)75.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.4%
Valuation
Industry RankSector Rank
PE 44.68
Fwd PE 21.39
P/S 8.09
P/FCF 32.23
P/OCF 19.32
P/B 3.68
P/tB 3.68
EV/EBITDA 14.01
EPS(TTM)0.4
EY2.24%
EPS(NY)0.84
Fwd EY4.68%
FCF(TTM)0.55
FCFY3.1%
OCF(TTM)0.92
OCFY5.17%
SpS2.21
BVpS4.85
TBVpS4.85
PEG (NY)0.41
PEG (5Y)2.03
Graham Number6.61
Profitability
Industry RankSector Rank
ROA 3.51%
ROE 5.97%
ROCE 8.71%
ROIC 4.65%
ROICexc 6.02%
ROICexgc 6.02%
OM 29.33%
PM (TTM) 13.12%
GM 36.41%
FCFM 25.08%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y12.03%
PM growth 3YN/A
PM growth 5Y15.64%
GM growth 3Y138.51%
GM growth 5Y2.84%
F-Score7
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.98
Debt/EBITDA 0.47
Cap/Depr 79.55%
Cap/Sales 16.76%
Interest Coverage 45.97
Cash Conversion 83.03%
Profit Quality 191.21%
Current Ratio 2.6
Quick Ratio 2.41
Altman-Z 3.6
F-Score7
WACC11.31%
ROIC/WACC0.41
Cap/Depr(3y)95.66%
Cap/Depr(5y)121.03%
Cap/Sales(3y)20.91%
Cap/Sales(5y)25.99%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)453.85%
EPS 3YN/A
EPS 5Y22.03%
EPS Q2Q%900%
EPS Next Y109.58%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
EPS Next 5Y9.41%
Revenue 1Y (TTM)124.25%
Revenue growth 3Y26.28%
Revenue growth 5Y28.14%
Sales Q2Q%169.25%
Revenue Next Year22.85%
Revenue Next 2Y24.63%
Revenue Next 3Y4.75%
Revenue Next 5YN/A
EBIT growth 1Y2081.22%
EBIT growth 3YN/A
EBIT growth 5Y43.56%
EBIT Next Year310.58%
EBIT Next 3Y56.03%
EBIT Next 5Y26.75%
FCF growth 1Y755.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y246.13%
OCF growth 3Y236.79%
OCF growth 5Y45.85%

FIRST MAJESTIC SILVER CORP / FMV.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FIRST MAJESTIC SILVER CORP?

ChartMill assigns a fundamental rating of 6 / 10 to FMV.DE.


What is the valuation status for FMV stock?

ChartMill assigns a valuation rating of 4 / 10 to FIRST MAJESTIC SILVER CORP (FMV.DE). This can be considered as Fairly Valued.


How profitable is FIRST MAJESTIC SILVER CORP (FMV.DE) stock?

FIRST MAJESTIC SILVER CORP (FMV.DE) has a profitability rating of 5 / 10.


What is the valuation of FIRST MAJESTIC SILVER CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FIRST MAJESTIC SILVER CORP (FMV.DE) is 44.68 and the Price/Book (PB) ratio is 3.68.


Is the dividend of FIRST MAJESTIC SILVER CORP sustainable?

The dividend rating of FIRST MAJESTIC SILVER CORP (FMV.DE) is 2 / 10 and the dividend payout ratio is 5.97%.