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MAG SILVER CORP (MAG.CA) Stock Fundamental Analysis

TSX:MAG - Toronto Stock Exchange - CA55903Q1046 - Common Stock - Currency: CAD

22.43  -1.56 (-6.5%)

Fundamental Rating

4

MAG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 818 industry peers in the Metals & Mining industry. No worries on liquidiy or solvency for MAG as it has an excellent financial health rating, but there are worries on the profitability. MAG is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year MAG was profitable.
MAG had a negative operating cash flow in the past year.
In multiple years MAG reported negative net income over the last 5 years.
MAG had a negative operating cash flow in each of the past 5 years.
MAG.CA Yearly Net Income VS EBIT VS OCF VS FCFMAG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M

1.2 Ratios

MAG's Return On Assets of 12.68% is amongst the best of the industry. MAG outperforms 95.00% of its industry peers.
With an excellent Return On Equity value of 13.04%, MAG belongs to the best of the industry, outperforming 93.24% of the companies in the same industry.
Industry RankSector Rank
ROA 12.68%
ROE 13.04%
ROIC N/A
ROA(3y)5.1%
ROA(5y)2.21%
ROE(3y)5.21%
ROE(5y)2.27%
ROIC(3y)N/A
ROIC(5y)N/A
MAG.CA Yearly ROA, ROE, ROICMAG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

MAG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MAG.CA Yearly Profit, Operating, Gross MarginsMAG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023

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8

2. Health

2.1 Basic Checks

Compared to 1 year ago, MAG has more shares outstanding
The number of shares outstanding for MAG has been increased compared to 5 years ago.
Compared to 1 year ago, MAG has an improved debt to assets ratio.
MAG.CA Yearly Shares OutstandingMAG.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
MAG.CA Yearly Total Debt VS Total AssetsMAG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.2 Solvency

An Altman-Z score of 60.63 indicates that MAG is not in any danger for bankruptcy at the moment.
MAG has a Altman-Z score of 60.63. This is amongst the best in the industry. MAG outperforms 90.81% of its industry peers.
There is no outstanding debt for MAG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 60.63
ROIC/WACCN/A
WACCN/A
MAG.CA Yearly LT Debt VS Equity VS FCFMAG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M 500M

2.3 Liquidity

MAG has a Current Ratio of 32.55. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.
MAG's Current ratio of 32.55 is amongst the best of the industry. MAG outperforms 95.27% of its industry peers.
MAG has a Quick Ratio of 32.55. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 32.55, MAG belongs to the top of the industry, outperforming 95.27% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 32.55
Quick Ratio 32.55
MAG.CA Yearly Current Assets VS Current LiabilitesMAG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

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2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 125.00% over the past year.
EPS 1Y (TTM)125%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%144.44%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%

3.2 Future

The Earnings Per Share is expected to grow by 8.96% on average over the next years. This is quite good.
The Revenue is expected to decrease by -13.09% on average over the next years. This is quite bad
EPS Next Y66.49%
EPS Next 2Y30.27%
EPS Next 3Y14.66%
EPS Next 5Y8.96%
Revenue Next Year89.84%
Revenue Next 2Y35.96%
Revenue Next 3Y44.8%
Revenue Next 5Y-13.09%

3.3 Evolution

MAG.CA Yearly Revenue VS EstimatesMAG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 100M 200M 300M 400M
MAG.CA Yearly EPS VS EstimatesMAG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 0.4 0.6 0.8 1

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4

4. Valuation

4.1 Price/Earnings Ratio

MAG is valuated rather expensively with a Price/Earnings ratio of 21.99.
Compared to the rest of the industry, the Price/Earnings ratio of MAG indicates a rather cheap valuation: MAG is cheaper than 89.73% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, MAG is valued a bit cheaper.
With a Price/Forward Earnings ratio of 19.40, MAG is valued on the expensive side.
88.65% of the companies in the same industry are more expensive than MAG, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.70. MAG is around the same levels.
Industry RankSector Rank
PE 21.99
Fwd PE 19.4
MAG.CA Price Earnings VS Forward Price EarningsMAG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MAG.CA Per share dataMAG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

MAG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MAG's earnings are expected to grow with 14.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y30.27%
EPS Next 3Y14.66%

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0

5. Dividend

5.1 Amount

MAG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MAG SILVER CORP

TSX:MAG (2/21/2025, 7:00:00 PM)

22.43

-1.56 (-6.5%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)03-17 2025-03-17/amc
Inst Owners56.58%
Inst Owner ChangeN/A
Ins Owners0.36%
Ins Owner ChangeN/A
Market Cap2.32B
Analysts77.14
Price Target27.88 (24.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.98%
Min EPS beat(2)14.64%
Max EPS beat(2)31.32%
EPS beat(4)4
Avg EPS beat(4)17.69%
Min EPS beat(4)10.47%
Max EPS beat(4)31.32%
EPS beat(8)5
Avg EPS beat(8)-13.38%
EPS beat(12)6
Avg EPS beat(12)-5.04%
EPS beat(16)8
Avg EPS beat(16)-37.52%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)4.39%
PT rev (3m)13.36%
EPS NQ rev (1m)18.94%
EPS NQ rev (3m)52.93%
EPS NY rev (1m)5.32%
EPS NY rev (3m)6.29%
Revenue NQ rev (1m)-31.25%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)586.39%
Revenue NY rev (3m)572.7%
Valuation
Industry RankSector Rank
PE 21.99
Fwd PE 19.4
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 2.86
P/tB 2.86
EV/EBITDA N/A
EPS(TTM)1.02
EY4.55%
EPS(NY)1.16
Fwd EY5.16%
FCF(TTM)-0.49
FCFYN/A
OCF(TTM)-0.13
OCFYN/A
SpS0
BVpS7.85
TBVpS7.85
PEG (NY)0.33
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.68%
ROE 13.04%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)5.1%
ROA(5y)2.21%
ROE(3y)5.21%
ROE(5y)2.27%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 4766.06%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 32.55
Quick Ratio 32.55
Altman-Z 60.63
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)6033.35%
Cap/Depr(5y)5095.92%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)125%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%144.44%
EPS Next Y66.49%
EPS Next 2Y30.27%
EPS Next 3Y14.66%
EPS Next 5Y8.96%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%
Revenue Next Year89.84%
Revenue Next 2Y35.96%
Revenue Next 3Y44.8%
Revenue Next 5Y-13.09%
EBIT growth 1Y12.37%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year113.45%
EBIT Next 3Y9.24%
EBIT Next 5Y12.89%
FCF growth 1Y-88.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.8%
OCF growth 3YN/A
OCF growth 5YN/A