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

FRA:FMV • CA32076V1031

Current stock price

18.36 EUR
+0.24 (+1.32%)
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

  • FMV had positive earnings in the past year.
  • 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 55.00% of the companies in the same industry.
  • The Return On Equity of FMV (5.97%) is comparable to the rest of the industry.
  • FMV's Return On Invested Capital of 4.65% is in line compared to the rest of the industry. FMV outperforms 47.50% of its industry peers.
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 72.50% of its industry peers.
  • FMV's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 29.33%, FMV is doing good in the industry, outperforming 77.50% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FMV has grown nicely.
  • FMV has a better Gross Margin (36.41%) than 62.50% of its industry peers.
  • FMV's Gross Margin has improved in the last couple of years.
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

  • FMV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for FMV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

  • FMV has an Altman-Z score of 3.87. This indicates that FMV is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of FMV (3.87) is better than 67.50% of its industry peers.
  • FMV has a debt to FCF ratio of 0.98. This is a very positive value and a sign of high solvency as it would only need 0.98 years to pay back of all of its debts.
  • FMV has a Debt to FCF ratio of 0.98. This is amongst the best in the industry. FMV outperforms 82.50% of its industry peers.
  • A Debt/Equity ratio of 0.11 indicates that FMV is not too dependend on debt financing.
  • FMV has a better Debt to Equity ratio (0.11) than 77.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.98
Altman-Z 3.87
ROIC/WACC0.39
WACC11.98%
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.
  • FMV's Current ratio of 2.60 is fine compared to the rest of the industry. FMV outperforms 80.00% of its industry peers.
  • FMV has a Quick Ratio of 2.41. This indicates that FMV is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 2.41, FMV belongs to the best of the industry, outperforming 92.50% 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

  • The Earnings Per Share has grown by an impressive 453.85% over the past year.
  • The Earnings Per Share has been growing by 22.03% on average over the past years. This is a very strong growth
  • The Revenue has grown by 124.25% in the past year. This is a very strong growth!
  • The Revenue has been growing by 28.14% on average over the past years. This is a very strong growth!
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

  • FMV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.41% yearly.
  • FMV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.73% yearly.
EPS Next Y109.58%
EPS Next 2Y55.22%
EPS Next 3Y25.21%
EPS Next 5Y9.41%
Revenue Next Year27.41%
Revenue Next 2Y27.83%
Revenue Next 3Y4.73%
Revenue Next 5YN/A

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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3

4. FMV.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 47.08, the valuation of FMV can be described as expensive.
  • 62.50% of the companies in the same industry are cheaper than FMV, based on the Price/Earnings ratio.
  • FMV is valuated expensively when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 22.29, which indicates a rather expensive current valuation of FMV.
  • 62.50% of the companies in the same industry are cheaper than FMV, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of FMV to the average of the S&P500 Index (23.68), we can say FMV is valued inline with the index average.
Industry RankSector Rank
PE 47.08
Fwd PE 22.29
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

  • Based on the Enterprise Value to EBITDA ratio, FMV is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMV indicates a somewhat cheap valuation: FMV is cheaper than 62.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 33.6
EV/EBITDA 15.4
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.
  • FMV's earnings are expected to grow with 25.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)2.14
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 0.11%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.95, FMV is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.89, FMV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.11%

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 (4/8/2026, 7:00:00 PM)

18.36

+0.24 (+1.32%)

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 Cap9.05B
Revenue(TTM)1.26B
Net Income(TTM)164.92M
Analysts80
Price Target24.23 (31.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.11%
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)0%
PT rev (3m)63.09%
EPS NQ rev (1m)22.39%
EPS NQ rev (3m)95.24%
EPS NY rev (1m)0%
EPS NY rev (3m)59.18%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.71%
Revenue NY rev (3m)7.23%
Valuation
Industry RankSector Rank
PE 47.08
Fwd PE 22.29
P/S 8.43
P/FCF 33.6
P/OCF 20.14
P/B 3.84
P/tB 3.84
EV/EBITDA 15.4
EPS(TTM)0.39
EY2.12%
EPS(NY)0.82
Fwd EY4.49%
FCF(TTM)0.55
FCFY2.98%
OCF(TTM)0.91
OCFY4.96%
SpS2.18
BVpS4.78
TBVpS4.78
PEG (NY)0.43
PEG (5Y)2.14
Graham Number6.48
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 3.87
F-Score7
WACC11.98%
ROIC/WACC0.39
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 Year27.41%
Revenue Next 2Y27.83%
Revenue Next 3Y4.73%
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 3 / 10 to FIRST MAJESTIC SILVER CORP (FMV.DE). This can be considered as Overvalued.


Can you provide the profitability details for FIRST MAJESTIC SILVER CORP?

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


How financially healthy is FIRST MAJESTIC SILVER CORP?

The financial health rating of FIRST MAJESTIC SILVER CORP (FMV.DE) is 8 / 10.


Can you provide the expected EPS growth for FMV stock?

The Earnings per Share (EPS) of FIRST MAJESTIC SILVER CORP (FMV.DE) is expected to grow by 109.58% in the next year.