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MAG SILVER CORP (MAG) Stock Fundamental Analysis

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

15.76  -1.13 (-6.69%)

After market: 15.7 -0.06 (-0.38%)

Fundamental Rating

4

Taking everything into account, MAG scores 4 out of 10 in our fundamental rating. MAG was compared to 150 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 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

MAG had positive earnings in the past year.
In the past year MAG has reported a negative cash flow from operations.
In multiple years MAG reported negative net income over the last 5 years.
In the past 5 years MAG always reported negative operating cash flow.
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 0 20M -20M 40M -40M

1.2 Ratios

With an excellent Return On Assets value of 12.68%, MAG belongs to the best of the industry, outperforming 91.55% of the companies in the same industry.
With an excellent Return On Equity value of 13.04%, MAG belongs to the best of the industry, outperforming 83.80% 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 Yearly ROA, ROE, ROICMAG 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 Yearly Profit, Operating, Gross MarginsMAG 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

MAG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MAG has been increased compared to 5 years ago.
MAG has a better debt/assets ratio than last year.
MAG Yearly Shares OutstandingMAG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 100M 200M 300M 400M 500M

2.2 Solvency

MAG has an Altman-Z score of 60.47. This indicates that MAG is financially healthy and has little risk of bankruptcy at the moment.
MAG's Altman-Z score of 60.47 is amongst the best of the industry. MAG outperforms 94.37% 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 60.47
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 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.
With an excellent Current ratio value of 32.55, MAG belongs to the best of the industry, outperforming 97.89% of the companies in the same industry.
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.
MAG's Quick ratio of 32.55 is amongst the best of the industry. MAG outperforms 97.89% of its industry peers.
Industry RankSector Rank
Current Ratio 32.55
Quick Ratio 32.55
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 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

Based on estimates for the next years, MAG will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.96% on average per year.
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 Yearly Revenue VS EstimatesMAG 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 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 1

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 21.89 indicates a rather expensive valuation of MAG.
71.13% of the companies in the same industry are more expensive than MAG, based on the Price/Earnings ratio.
MAG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.62.
A Price/Forward Earnings ratio of 19.35 indicates a rather expensive valuation of MAG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MAG is on the same level as its industry peers.
MAG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.89
Fwd PE 19.35
MAG Price Earnings VS Forward Price EarningsMAG 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 Per share dataMAG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

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.
A more expensive valuation may be justified as MAG's earnings are expected to grow with 14.66% in the coming years.
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

NYSEARCA:MAG (2/21/2025, 8:04:00 PM)

After market: 15.7 -0.06 (-0.38%)

15.76

-1.13 (-6.69%)

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 Change-86.04%
Ins Owners0.36%
Ins Owner ChangeN/A
Market Cap1.63B
Analysts77.14
Price Target18.82 (19.42%)
Short Float %2.48%
Short Ratio4.65
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)1.25%
PT rev (3m)-0.94%
EPS NQ rev (1m)18.94%
EPS NQ rev (3m)18.94%
EPS NY rev (1m)5.32%
EPS NY rev (3m)6.29%
Revenue NQ rev (1m)-31.25%
Revenue NQ rev (3m)-31.25%
Revenue NY rev (1m)586.39%
Revenue NY rev (3m)572.7%
Valuation
Industry RankSector Rank
PE 21.89
Fwd PE 19.35
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 2.85
P/tB 2.85
EV/EBITDA N/A
EPS(TTM)0.72
EY4.57%
EPS(NY)0.81
Fwd EY5.17%
FCF(TTM)-0.34
FCFYN/A
OCF(TTM)-0.09
OCFYN/A
SpS0
BVpS5.53
TBVpS5.53
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 60.47
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