FIRST MAJESTIC SILVER CORP (FMV.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:FMV • CA32076V1031
18.85 EUR
-1.81 (-8.76%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, FMV scores 5 out of 10 in our fundamental rating. FMV was compared to 44 industry peers in the Metals & Mining industry. No worries on liquidiy or solvency for FMV as it has an excellent financial health rating, but there are worries on the profitability. FMV is valued quite expensive, but it does show an excellent growth.
1. Profitability
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.
1.2 Ratios
- FMV's Return On Assets of 1.61% is in line compared to the rest of the industry. FMV outperforms 40.91% of its industry peers.
- FMV has a Return On Equity of 2.63%. This is in the lower half of the industry: FMV underperforms 63.64% of its industry peers.
- FMV has a Return On Invested Capital (3.24%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 2.63% | ||
| ROIC | 3.24% |
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
- With a decent Profit Margin value of 7.07%, FMV is doing good in the industry, outperforming 61.36% of the companies in the same industry.
- The Operating Margin of FMV (19.10%) is better than 65.91% of its industry peers.
- FMV's Operating Margin has declined in the last couple of years.
- The Gross Margin of FMV (27.78%) is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of FMV has declined.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FMV is destroying value.
- Compared to 1 year ago, FMV has more shares outstanding
- Compared to 5 years ago, FMV has more shares outstanding
- Compared to 1 year ago, FMV has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 4.40 indicates that FMV is not in any danger for bankruptcy at the moment.
- With a decent Altman-Z score value of 4.40, FMV is doing good in the industry, outperforming 65.91% of the companies in the same industry.
- FMV has a debt to FCF ratio of 1.56. This is a very positive value and a sign of high solvency as it would only need 1.56 years to pay back of all of its debts.
- The Debt to FCF ratio of FMV (1.56) is better than 77.27% of its industry peers.
- A Debt/Equity ratio of 0.09 indicates that FMV is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.09, FMV belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.56 | ||
| Altman-Z | 4.4 |
ROIC/WACC0.33
WACC9.77%
2.3 Liquidity
- FMV has a Current Ratio of 3.38. This indicates that FMV is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 3.38, FMV belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
- A Quick Ratio of 2.96 indicates that FMV has no problem at all paying its short term obligations.
- FMV's Quick ratio of 2.96 is amongst the best of the industry. FMV outperforms 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.38 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 200.00% over the past year.
- The Revenue has grown by 83.84% in the past year. This is a very strong growth!
- FMV 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
- FMV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.84% yearly.
- The Revenue is expected to grow by 25.94% on average over the next years. This is a very strong growth
EPS Next Y345.62%
EPS Next 2Y167.39%
EPS Next 3Y93.71%
EPS Next 5Y47.84%
Revenue Next Year106.65%
Revenue Next 2Y56.7%
Revenue Next 3Y44.34%
Revenue Next 5Y25.94%
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 117.81, which means the current valuation is very expensive for FMV.
- 63.64% of the companies in the same industry are cheaper than FMV, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of FMV to the average of the S&P500 Index (28.32), we can say FMV is valued expensively.
- The Price/Forward Earnings ratio is 33.56, which means the current valuation is very expensive for FMV.
- 65.91% of the companies in the same industry are cheaper than FMV, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. FMV is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 117.81 | ||
| Fwd PE | 33.56 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FMV is valued a bit more expensive than 68.18% of the companies in the same industry.
- FMV's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 72.63 | ||
| EV/EBITDA | 25.67 |
4.3 Compensation for Growth
- FMV's 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 93.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y167.39%
EPS Next 3Y93.71%
5. Dividend
5.1 Amount
- FMV has a yearly dividend return of 0.10%, which is pretty low.
- Compared to an average industry Dividend Yield of 1.63, FMV is paying slightly less dividend.
- With a Dividend Yield of 0.10, FMV pays less dividend than the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.1% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- FMV pays out 12.79% of its income as dividend. This is a sustainable payout ratio.
DP12.79%
EPS Next 2Y167.39%
EPS Next 3Y93.71%
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 2 / 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 3 / 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 117.81 and the Price/Book (PB) ratio is 4.25.
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 12.79%.