FIRST MAJESTIC SILVER CORP (FMV.DE) Fundamental Analysis & Valuation
FRA:FMV • CA32076V1031
24.51 EUR
-1.8 (-6.84%)
Last: Mar 3, 2026, 07:00 PM
This FMV.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, FMV scores 5 out of 10 in our fundamental rating. FMV was compared to 39 industry peers in the Metals & Mining industry. FMV is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. FMV is valied quite expensively at the moment, while it does show a decent growth rate.
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.
1.2 Ratios
- FMV's Return On Assets of 3.51% is in line compared to the rest of the industry. FMV outperforms 53.85% of its industry peers.
- FMV has a Return On Equity (5.97%) which 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 48.72% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
- Looking at the Profit Margin, with a value of 13.12%, FMV is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
- 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 74.36% of its industry peers.
- FMV's Operating Margin has improved in the last couple of years.
- FMV has a Gross Margin (36.41%) which is in line with its industry peers.
- In the last couple of years the Gross Margin of FMV has grown nicely.
| Industry Rank | Sector 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%
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.
- 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.
2.2 Solvency
- An Altman-Z score of 5.29 indicates that FMV is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 5.29, FMV is in the better half of the industry, outperforming 74.36% of the companies in the same industry.
- 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 in the better half of the industry: FMV outperforms 79.49% of its industry peers.
- A Debt/Equity ratio of 0.11 indicates that FMV is not too dependend on debt financing.
- FMV's Debt to Equity ratio of 0.11 is fine compared to the rest of the industry. FMV outperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.98 | ||
| Altman-Z | 5.29 |
ROIC/WACC0.46
WACC10.03%
2.3 Liquidity
- FMV has a Current Ratio of 2.60. This indicates that FMV is financially healthy and has no problem in meeting its short term obligations.
- FMV has a Current ratio of 2.60. This is amongst the best in the industry. FMV outperforms 82.05% 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.
- The Quick ratio of FMV (2.41) is better than 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.6 | ||
| Quick Ratio | 2.41 |
3. FMV.DE Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 453.85% over the past year.
- 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 small growth in Earnings Per Share. The EPS will grow by 6.71% on average per year.
- The Revenue is expected to grow by 6.05% on average over the next years.
EPS Next Y45.54%
EPS Next 2Y22.03%
EPS Next 3Y9.75%
EPS Next 5Y6.71%
Revenue Next Year20.37%
Revenue Next 2Y23.36%
Revenue Next 3Y6.05%
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.
4. FMV.DE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 62.85, FMV can be considered very expensive at the moment.
- 61.54% 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 26.83, which is the current average of the S&P500 Index.
- FMV is valuated quite expensively with a Price/Forward Earnings ratio of 42.83.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FMV indicates a slightly more expensive valuation: FMV is more expensive than 64.10% of the companies listed in the same industry.
- FMV is valuated expensively when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 62.85 | ||
| Fwd PE | 42.83 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are cheaper than FMV, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.82 | ||
| EV/EBITDA | 22.62 |
4.3 Compensation for Growth
- FMV's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.38
PEG (5Y)2.85
EPS Next 2Y22.03%
EPS Next 3Y9.75%
5. FMV.DE Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.08%, FMV is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 1.56, FMV is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, FMV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.08% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- FMV pays out 5.97% of its income as dividend. This is a sustainable payout ratio.
DP5.97%
EPS Next 2Y22.03%
EPS Next 3Y9.75%
FMV.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:FMV (3/3/2026, 7:00:00 PM)
24.51
-1.8 (-6.84%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-15 2026-01-15/bmo
Earnings (Next)05-05 2026-05-05/bmo
Inst Owners52.82%
Inst Owner ChangeN/A
Ins Owners1.07%
Ins Owner ChangeN/A
Market Cap12.08B
Revenue(TTM)1.26B
Net Income(TTM)164.92M
Analysts80
Price Target24.23 (-1.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.08% |
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)62.3%
PT rev (3m)79.89%
EPS NQ rev (1m)81.08%
EPS NQ rev (3m)112.7%
EPS NY rev (1m)0%
EPS NY rev (3m)138.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.4%
Revenue NY rev (3m)4.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 62.85 | ||
| Fwd PE | 42.83 | ||
| P/S | 11.24 | ||
| P/FCF | 44.82 | ||
| P/OCF | 26.87 | ||
| P/B | 5.12 | ||
| P/tB | 5.12 | ||
| EV/EBITDA | 22.62 |
EPS(TTM)0.39
EY1.59%
EPS(NY)0.57
Fwd EY2.34%
FCF(TTM)0.55
FCFY2.23%
OCF(TTM)0.91
OCFY3.72%
SpS2.18
BVpS4.79
TBVpS4.79
PEG (NY)1.38
PEG (5Y)2.85
Graham Number6.48
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 5.29 |
F-Score7
WACC10.03%
ROIC/WACC0.46
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 Y45.54%
EPS Next 2Y22.03%
EPS Next 3Y9.75%
EPS Next 5Y6.71%
Revenue 1Y (TTM)124.25%
Revenue growth 3Y26.28%
Revenue growth 5Y28.14%
Sales Q2Q%169.25%
Revenue Next Year20.37%
Revenue Next 2Y23.36%
Revenue Next 3Y6.05%
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 FAQ
Can you provide the ChartMill fundamental rating for FIRST MAJESTIC SILVER CORP?
ChartMill assigns a fundamental rating of 5 / 10 to FMV.DE.
What is the valuation status for FMV stock?
ChartMill assigns a valuation rating of 1 / 10 to FIRST MAJESTIC SILVER CORP (FMV.DE). This can be considered as Overvalued.
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 62.85 and the Price/Book (PB) ratio is 5.12.
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%.