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MAG SILVER CORP (MAG) Stock Fundamental Analysis

NYSEARCA:MAG - NYSE Arca - CA55903Q1046 - Common Stock - Currency: USD

15.76  +0.16 (+1.03%)

Fundamental Rating

3

Taking everything into account, MAG scores 3 out of 10 in our fundamental rating. MAG was compared to 152 industry peers in the Metals & Mining industry. While MAG seems to be doing ok healthwise, there are quite some concerns on its profitability. MAG has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year MAG was profitable.
In the past year MAG has reported a negative cash flow from operations.
Of the past 5 years MAG 4 years were profitable.
MAG had a negative operating cash flow in each of the past 5 years.
MAG Yearly Net Income VS EBIT VS OCF VS FCFMAG 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 2024 0 20M -20M 40M -40M 60M

1.2 Ratios

With an excellent Return On Assets value of 12.73%, MAG belongs to the best of the industry, outperforming 92.11% of the companies in the same industry.
Looking at the Return On Equity, with a value of 13.15%, MAG belongs to the top of the industry, outperforming 84.87% of the companies in the same industry.
Industry RankSector Rank
ROA 12.73%
ROE 13.15%
ROIC N/A
ROA(3y)8.8%
ROA(5y)5.16%
ROE(3y)9.05%
ROE(5y)5.31%
ROIC(3y)N/A
ROIC(5y)N/A
MAG Yearly ROA, ROE, ROICMAG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for MAG so they could not be analyzed.
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 Yearly Profit, Operating, Gross MarginsMAG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

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6

2. Health

2.1 Basic Checks

The number of shares outstanding for MAG has been increased compared to 1 year ago.
Compared to 5 years ago, MAG has more shares outstanding
The debt/assets ratio for MAG is higher compared to a year ago.
MAG Yearly Shares OutstandingMAG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
MAG Yearly Total Debt VS Total AssetsMAG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

MAG has an Altman-Z score of 49.19. This indicates that MAG is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 49.19, MAG belongs to the best of the industry, outperforming 93.42% of the companies in the same industry.
MAG has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
MAG's Debt to Equity ratio of 0.00 is amongst the best of the industry. MAG outperforms 80.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 49.19
ROIC/WACCN/A
WACCN/A
MAG Yearly LT Debt VS Equity VS FCFMAG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

MAG has a Current Ratio of 45.24. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of MAG (45.24) is better than 99.34% of its industry peers.
MAG has a Quick Ratio of 45.24. This indicates that MAG is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MAG (45.24) is better than 99.34% of its industry peers.
Industry RankSector Rank
Current Ratio 45.24
Quick Ratio 45.24
MAG Yearly Current Assets VS Current LiabilitesMAG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 56.25% over the past year.
MAG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 132.08% yearly.
EPS 1Y (TTM)56.25%
EPS 3Y132.08%
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%

3.2 Future

Based on estimates for the next years, MAG will show a decrease in Earnings Per Share. The EPS will decrease by -1.75% on average per year.
Based on estimates for the next years, MAG will show a very negative growth in Revenue. The Revenue will decrease by -33.02% on average per year.
EPS Next Y16.57%
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
EPS Next 5Y-1.75%
Revenue Next Year-2.63%
Revenue Next 2Y26.46%
Revenue Next 3Y-33.02%
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.
MAG Yearly Revenue VS EstimatesMAG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
MAG Yearly EPS VS EstimatesMAG 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

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2

4. Valuation

4.1 Price/Earnings Ratio

MAG is valuated rather expensively with a Price/Earnings ratio of 21.01.
Based on the Price/Earnings ratio, MAG is valued a bit cheaper than the industry average as 73.03% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.64. MAG is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 18.03, MAG is valued on the expensive side.
Based on the Price/Forward Earnings ratio, MAG is valued a bit cheaper than 67.11% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.44. MAG is around the same levels.
Industry RankSector Rank
PE 21.01
Fwd PE 18.03
MAG Price Earnings VS Forward Price EarningsMAG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

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

4.3 Compensation for Growth

MAG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.27
PEG (5Y)N/A
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%

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1

5. Dividend

5.1 Amount

With a yearly dividend of 0.37%, MAG is not a good candidate for dividend investing.
MAG's Dividend Yield is a higher than the industry average which is at 2.99.
Compared to an average S&P500 Dividend Yield of 2.52, MAG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.37%

5.2 History

MAG is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
MAG Yearly Dividends per shareMAG Yearly Dividends per shareYearly Dividends per share 2025 0.05 0.1 0.15

5.3 Sustainability

DPN/A
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
MAG Yearly Income VS Free CF VS DividendMAG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M

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MAG SILVER CORP

NYSEARCA:MAG (4/24/2025, 3:19:36 PM)

15.76

+0.16 (+1.03%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-24 2025-03-24/bmo
Earnings (Next)05-12 2025-05-12/amc
Inst Owners56.58%
Inst Owner Change0.03%
Ins Owners0.36%
Ins Owner ChangeN/A
Market Cap1.63B
Analysts78.67
Price Target19.7 (25%)
Short Float %2.2%
Short Ratio3.85
Dividend
Industry RankSector Rank
Dividend Yield 0.37%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date04-04 2025-04-04 (0.16)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.07%
Min EPS beat(2)-20.79%
Max EPS beat(2)14.64%
EPS beat(4)3
Avg EPS beat(4)9.87%
Min EPS beat(4)-20.79%
Max EPS beat(4)31.32%
EPS beat(8)5
Avg EPS beat(8)-1.23%
EPS beat(12)5
Avg EPS beat(12)-16.61%
EPS beat(16)7
Avg EPS beat(16)-69.82%
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)2.1%
PT rev (3m)5.96%
EPS NQ rev (1m)10.87%
EPS NQ rev (3m)21.79%
EPS NY rev (1m)7.33%
EPS NY rev (3m)17.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)666.39%
Valuation
Industry RankSector Rank
PE 21.01
Fwd PE 18.03
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 2.75
P/tB 2.75
EV/EBITDA N/A
EPS(TTM)0.75
EY4.76%
EPS(NY)0.87
Fwd EY5.55%
FCF(TTM)-0.32
FCFYN/A
OCF(TTM)-0.06
OCFYN/A
SpS0
BVpS5.72
TBVpS5.72
PEG (NY)1.27
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.73%
ROE 13.15%
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)8.8%
ROA(5y)5.16%
ROE(3y)9.05%
ROE(5y)5.31%
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-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 4049.62%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 45.24
Quick Ratio 45.24
Altman-Z 49.19
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)5745.33%
Cap/Depr(5y)5254.94%
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)56.25%
EPS 3Y132.08%
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y16.57%
EPS Next 2Y-5.39%
EPS Next 3Y-1.95%
EPS Next 5Y-1.75%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-100%
Revenue Next Year-2.63%
Revenue Next 2Y26.46%
Revenue Next 3Y-33.02%
Revenue Next 5YN/A
EBIT growth 1Y-1.19%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year7.37%
EBIT Next 3Y-27.53%
EBIT Next 5Y-8.02%
FCF growth 1Y-35.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.96%
OCF growth 3YN/A
OCF growth 5YN/A